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MLM SCAM
GainBitcoin scam case: CBI seizes cryptocurrencies worth over Rs 23.94 croreThe agency has sent the electronic devices for forensic analysis to uncover further details regarding the misappropriation of funds and pot...26 Feb, 2025, 07.26 PM IST- CBI conducts searches at 60 locations in Rs 6,600 crore GainBitcoin cryptocurrency scamThe CBI conducted nationwide raids at 60 locations in connection with the Rs 6,600 crore GainBitcoin scam. The scheme, led by Amit and Ajay...25 Feb, 2025, 07.01 PM IST
- ED raids 10 locations in Mumbai, Jaipur in Torres Jewellery's Rs 1000 crore fraud caseThe Enforcement Directorate has raided ten locations in Mumbai and Jaipur in connection with the Torres Jewellery fraud case, where over 1 ...23 Jan, 2025, 10.57 AM IST
- Crypto probe: ED attaches assets worth Rs.97.79 crore linked to Raj Kundra, his actress wife, Shilpa ShettyThe federal agency said amongst the attached properties include a residential flat situated in Juhu presently in the name of Shilpa Shetty,...19 Apr, 2024, 10.36 AM IST
- ED arrests woman; seizes 3 luxury cars, jewellery after raids against 'bitcoin ponzi scheme'During the raids, the ED seized three cars, including a Mercedes and an Audi, along with incriminating documents and jewellery valued at Rs...19 Dec, 2023, 03.59 PM IST
- Pyramid scheme launches climb to highest in 5 yearsIndia saw the highest number of multi-level-marketing pyramid schemes launched in five years in 2023, according to Strategy India, a policy...12 Dec, 2023, 11.00 PM IST
- Govinda may be interrogated by Odisha police for alleged involvement in Rs 1,000-cr online scamThe company, according to the EOW, was involved in illegally operating a pyramid-structured online ponzi scheme under the garb of crypto in...15 Sep, 2023, 10.26 AM IST
- India's new crypto law set to red-flag chit fund, MLM business modelsRegulators including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have raised concerns before a parlia...03 Dec, 2021, 09.57 AM IST
- Cryptocurrency Hyper Fund under government scannerSources said Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to ...19 Sep, 2021, 01.22 PM IST
- Bill to check ponzi schemes put on holdA proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.02 Aug, 2015, 01.16 PM IST
- Multi-level marketing firm fraud case: Court extends custody of six accusedAccording to police, he had taken loan from a bank to invest in KBC but has become frustrated as the lender prodded him to pay the instalme...21 Jul, 2014, 10.13 PM IST
- SFIO seeks more time for Saradha scam final probe reportThe Serious Fraud Investigation Office has sought more time to submit its final report on the chit funds scam perpetrated by Saradha and ot...23 Feb, 2014, 11.24 AM IST
- QNet scam: Michael Ferreira files anticipatory bail plea"Ferreira filed an anticipatory bail plea in the sessions court yesterday, which will come up for hearing later today."22 Jan, 2014, 10.52 AM IST
- Govt mulls central oversight agency to check ponzi menaceThe CEIB has also suggested empowering the proposed agency to take up for investigation those cases that may have taken place in different ...29 Sep, 2013, 11.49 AM IST
- Government frames rules to curb multi-level marketing companies raising funds illegallyThe norms have been jointly framed by the Finance, Corporate Affairs and Consumer Affairs Ministries along with various other authorities i...30 Apr, 2013, 10.51 PM IST
- Review meeting this week on Multi Level Marketing activities: Sachin PilotAbout 87 companies have come under the government scanner for allegedly engaging in fraudulent MLM schemes.24 Dec, 2012, 02.54 PM IST
- Bank frauds lure Gujarat's NatwarlalsRecords of the CBI and CID in Gujarat, reveal a unique story of shifting trends in whitecollar crimes.08 Sep, 2006, 12.35 PM IST
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