Many bank customers are currently being conned by a bitcoin Ponzi programme that promises them big profits.

The government has recently cautioned investors to be wary of virtual currencies like bitcoin.

The count of such companies being referred to the white collar crime probe agency is also the highest in the last three financial years, ac...

Sebi DGM Surya Kant Sharma advised the students to keep details of schemes and agents for future reference.

SEBI in its affidavit had earlier informed the apex court that ponzi schemes did not fall under its regulatory purview and only the state g...

The 30-member panel has suggested instituting a 'special audit' with regard to Multi-State Cooperatives — which have increased abnormally i...

With regulatory loopholes and multiple agencies, it has been difficult to curb the menace of ponzi or illegal money pooling schemes.

Sources said CBI has named Bhangoo & PACL director Sukhdev Singh besides six other directors of the companies in a case of criminal conspir...

CBI registered two fresh cases against as many companies in West Bengal in connection with chit fund scam in which thousands of investors, ...

The new norms would include a detailed definition for 'money circulation schemes' to include all money-pooling activities with a corpus of ...

The DFS has earlier circulated draft amendments PCMCSB Act, 1978, to various law and enforcement agencies for their views.

Officials of RBI, SEBI and the govt were quizzed about the steps being taken to avoid recurrence of fraudulent money-pooling activities lik...

The Cabinet is likely to discuss tomorrow amendments to various regulations that will provide more powers to capital market regulator Sebi ...

The Finance Ministry has red-flagged over 250 suspicious banking transactions, most of them related to Multi Level Marketing (MLM) or ponzi...

The government today said it has found 87 companies across the country to have vanished after raising funds totalling Rs 342 crore through ...

US Bureau of Prisons has denied reports that the multi-billion Ponzi king Bernard Madoff is dying of cancer. On Monday, newspaper reports h...

As many of these Ponzi schemes do not technically take public deposits, they escape the stringent guidelines of the RBI. World's top tax ha...