ponzi scheme

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    PACL Fraud: Supreme Court-Appointed Committee Receives Assets

    New Delhi, March 30 The Enforcement Directorate said on Monday that it has returned assets worth more than Rs 15,000 crore to a special committee appointed by the Supreme Court, so that investors allegedly cheated in a Ponzi scheme by Chandigarh-based PACL (Pearls Group) can recover their dues...
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    Ponzi Scheme Investigation Yields ₹13.41 Crore

    Guwahati, March 24 – The Enforcement Directorate's (ED) Guwahati Zonal Office has provisionally attached assets worth ₹13.41 crore in connection with a major Ponzi scam involving M/s DB Stock Consultancy and its proprietor, Deepankar Barman, officials said on Tuesday.The operation was carried...
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    QNet Scam: 32 Arrested Across Telangana, AP, Karnataka

    Hyderabad, March 23 The Hyderabad police have busted a multi-crore illegal money circulation racket allegedly promoted by Vihaan Direct Selling Pvt Ltd Company (QNet), with the arrest of 32 people across Telangana, Andhra Pradesh, and Karnataka.Hyderabad Police Commissioner V C Sajjanar said...
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    Fraudulent MLM Scheme: Police Target 32 Accused in Q-Net Case

    Hyderabad, March 23 – The Hyderabad Police arrested 32 individuals on Monday during simultaneous raids in Telangana, Andhra Pradesh, and Karnataka in four cases related to the Q-Net/Vihaan direct selling multi-level marketing scam.Hyderabad Police Commissioner V. C. Sajjanar stated at a press...
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    ₹48K Crore Fraud: ED Attaches Assets in PACL Investigation

    New Delhi, March 20 The Enforcement Directorate (ED) has executed its largest seizure in a single case, worth over ₹22,000 crore, by freezing properties in its investigation into money laundering against PACL (Pearls Group), based in Chandigarh, which is accused of orchestrating a ₹48,000 crore...
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    PACL Investigation: ED Seizes Fresh Properties

    New Delhi, March 20 The Enforcement Directorate (ED) said it has attached fresh properties worth over Rs 5,000 crore as part of its investigation into money laundering against Chandigarh-based PACL (Pearls Group), accused of orchestrating a Rs 48,000 crore Ponzi scheme.These 126 immovable...
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    Delhi Court Sends GainBitcoin Accused to Judicial Custody

    New Delhi, March 17 – A Delhi court on Tuesday sent Ayush Varshney, co-founder and Chief Technology Officer of Darwin Labs Private Limited, into judicial custody until March 30 in connection with the alleged multi-billion-rupee GainBitcoin cryptocurrency fraud case.Varshney was produced before...
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    Investigation Reveals Rs 50.8 Cr in Manipur Property Attachments

    New Delhi/Imphal, March 16 – The Enforcement Directorate (ED) has issued its third Provisional Attachment Order (PAO), attaching properties worth Rs 50.8 crore linked to several private companies and their associated entities based in Manipur, according to sources in the central investigating...
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    ED Arrests 'Absconding' Ponzi Scheme Accused in Gujarat

    New Delhi, March 13 The Enforcement Directorate said on Friday that it had arrested two "absconding" accused in an alleged Rs 180 crore digital Ponzi scheme case from Bharuch district in Gujarat, where they were "hiding" after returning from Dubai via Nepal.Sudhir Dalsukhbhai Kotadiya and...
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    Rajasthan Man Arrested in Car Sales & Investment Fraud

    Jaipur, March 12 The Rajasthan Police's Special Operations Group (SOG) has arrested a man, allegedly involved in a large-scale fraud that collected crores of rupees from people by promising luxury car sales, cryptocurrency, and social media-based investment schemes.Additional Director General...
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    Investigation Intensifies in GainBitcoin Cryptocurrency Scheme

    New Delhi, March 11 – The Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and Chief Technology Officer of Darwin Labs Private Limited, in connection with the multi-crore GainBitcoin cryptocurrency fraud case.The case involves an alleged Ponzi scheme floated by...
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    CBI Investigates Darwin Labs Co-founder in Cryptocurrency Fraud

    New Delhi, March 11 The CBI has arrested Darwin Labs co-founder Ayush Varshney, one of the main accused in the Rs 20,000 crore Gain Bitcoin currency scam case, officials said on Wednesday.The agency had issued a Look Out Circular against Varshney. His attempt to flee the country on Monday...
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    Land Fraud Probe: ED Targets Sahara Group Operations

    Kolkata, March 3 In fresh action in connection with the Sahara Prime City land case, the Enforcement Directorate (ED) raided multiple premises of the company and its officials in Odisha, Andhra Pradesh and Karnataka and seized electronic evidence, an official said on Tuesday.The ED's Kolkata...
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    Telangana CID Arrests Former COO in Rs 792 Cr Investment Scam

    Hyderabad, February 26 The Telangana CID has arrested the former Chief Operating Officer (COO) of Falcon Group in connection with the Rs 792 crore deposit "fraud".Vikas Kumar Sakhare, who played an active role in the offense, was arrested at his residence here on Wednesday, CID Additional...
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    ED Targets PACL Assets, Total Attachments Exceed Rs 17 Billion

    New Delhi, February 18 The Enforcement Directorate (ED) said on Wednesday that it has issued its largest single seizure order, attaching 247 immovable assets worth more than Rs 10,000 crore as part of its investigation into money laundering against Chandigarh-based PACL (Pearls Group).The...
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    ED Files Chargesheet Against Maxizone Touch Over Rs 521 Crore Fraud

    Ranchi, February 16 – The Enforcement Directorate's Ranchi Zonal Office filed a chargesheet on Monday before the special court in Ranchi under the Prevention of Money Laundering Act (PMLA) against Maxizone Touch Private Limited and its directors, Chander Bhushan Singh and Priyanka.The case...
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    Fraud Investigation Update: Armen Ataian Denied Bail Again

    Mumbai, February 9 A court here has denied bail to Ukrainian actor Armen Ataian, who is being held in connection with the Torres investment fraud case, citing the "gravity of the offense" and the possibility of "fleeing the country".Platinum Hern Pvt Limited, which operated the Torres brand...
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