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PONZI SCHEME DETAILS
Guarantee schemes won’t stop, says Shivakumar; Will continue beyond 2028 polls, adds SiddaramaiahKarnataka's Congress government assures its guarantee schemes will continue. Chief Minister DK Shivakumar stated the ongoing verification d...- Multi-crore ponzi scheme exposed in Karnataka: Over 40,000 investors duped in Shivananda Neelannavar fraud caseThe CID has exposed a massive Rs 2,400 crore Ponzi scheme run by Shivananda Neelannavar, defrauding over 40,000 investors. A significant po...
- See through a Ponzi netA Ponzi scheme is an investment scheme wherein new investors' money is used to pay the promised return to previous investors rather than pr...
- This Ponzi crypto app dupes people by offering high returnsMany bank customers are currently being conned by a bitcoin Ponzi programme that promises them big profits.
- Bitcoin not a legal tender in India, says Arun JaitleyThe government has recently cautioned investors to be wary of virtual currencies like bitcoin.
- Ponzi schemes: SFIO lens on 63 companies this fiscalThe count of such companies being referred to the white collar crime probe agency is also the highest in the last three financial years, ac...
- Don't get lured by schemes with abnormal returns: SebiSebi DGM Surya Kant Sharma advised the students to keep details of schemes and agents for future reference.
- Supreme Court asks SEBI, Centre to give status of 1538 ponzi casesSEBI in its affidavit had earlier informed the apex court that ponzi schemes did not fall under its regulatory purview and only the state g...
- House panel recommends 'special audit' of Multi-State Cooperatives (MSCs)The 30-member panel has suggested instituting a 'special audit' with regard to Multi-State Cooperatives — which have increased abnormally i...
- Ponzi menace: Government starts process to plug loopholes in rulesWith regulatory loopholes and multiple agencies, it has been difficult to curb the menace of ponzi or illegal money pooling schemes.
- CBI forms special teams to probe Pearls schemeSources said CBI has named Bhangoo & PACL director Sukhdev Singh besides six other directors of the companies in a case of criminal conspir...
- CBI registers fresh cases in ponzi scheme probeCBI registered two fresh cases against as many companies in West Bengal in connection with chit fund scam in which thousands of investors, ...
- Government plans tighter norms to check ponzi schemes below Rs 100 croreThe new norms would include a detailed definition for 'money circulation schemes' to include all money-pooling activities with a corpus of ...
- Government to study global practices to check ponzi menaceThe DFS has earlier circulated draft amendments PCMCSB Act, 1978, to various law and enforcement agencies for their views.
- Ponzi schemes: Lawmakers quiz regulators, ministry officialsOfficials of RBI, SEBI and the govt were quizzed about the steps being taken to avoid recurrence of fraudulent money-pooling activities lik...
- Cabinet likely to take up Sebi Act amendments tomorrowThe Cabinet is likely to discuss tomorrow amendments to various regulations that will provide more powers to capital market regulator Sebi ...
- Government red-flags over 250 dubious financial transactionsThe Finance Ministry has red-flagged over 250 suspicious banking transactions, most of them related to Multi Level Marketing (MLM) or ponzi...
- Investor frauds: Vanishing companies, Ponzi schemes face Govt probeThe government today said it has found 87 companies across the country to have vanished after raising funds totalling Rs 342 crore through ...
- Ponzi king Madoff not dying of cancer, clarifies US Bureau of PrisonsUS Bureau of Prisons has denied reports that the multi-billion Ponzi king Bernard Madoff is dying of cancer. On Monday, newspaper reports h...
- Indian Madoffs benefit from regulatory vacuumAs many of these Ponzi schemes do not technically take public deposits, they escape the stringent guidelines of the RBI. World's top tax ha...
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