City Limouzine Investment finance fraud

 Rajkot: At least 15 people have lost nearly Rs 18 lakh in a Ponzi scheme into which they were lured with the promise that their money will be doubled.A complaint has been lodged...

 NAGPUR: An offence has been registered against three people for allegedly duping people of more than Rs 65 lakh in a ponzi scheme in Maharashtra's Nagpur city, police said on...

 Bhubaneswar: The economic offences wing (EOW) of the state Crime Branch on Friday arrested a man from Balasore for allegedly cheating people across the country, including in...

 MUMBAI: A two-BHK flat worth Rs 2 crore on Goregaon-Mulund Link Road belonging to an autorickshaw driver, who was arrested by Bhandup police for allegedly cheating people in...

 KOLKATA: Enforcement Directorate officials on Wednesday conducted raids at several places in connection with two Ponzi firms — Pincon Group and Tower Group. ED officers also...

 BHUBANESWAR: The economic offences wing (EOW) of the state crime branch unearthed a scam worth Rs 144 crore by a company that had been illegally operating ponzi business in the...

 NEW DELHI: Six men, including a postman, who allegedly cheated people on the pretext of ensuring high returns on investments and getting back their money stuck in lapsed insurance...

 MUMBAI: The Enforcement Directorate (ED) has seized Rs 18.5 crore, in the form of cash and bank balance, of Pune-based VIPS Group of Companies associated with Dubai-based entrepreneur-investor...

 The Directorate of Economic Offences (DEO), the investigation wing of the West Bengal finance department, has claimed to have unearthed a Ponzi racket in the state involving...

 MUMBAI: Venture capital investment is often like a Ponzi scheme, Infosys founder NR Narayana Murthy said at the Nasscom Technology & Leadership Forum (NTLF) on Thursday....

 AHMEDABAD: A team of CID (crime) on Friday caught Vinay Shah — an accused in Rs 260 crore ponzi scheme fraud — from Delhi, said officers on Saturday.According to an official...

 Ponzi schemes in Karnataka: Investors seek quick refundDepositors voice their concerns during a meeting at VV TowersBENGALURU: Tens of Ponzi scheme victims from across the state...

 A Ponzi cryptocurrency app is now luring in many bank customers and scamming them by promising them high returns. To safeguard customers, Canara Bank has released details and...

 US: Indian-American arrested for defrauding community members in Ponzi schemeNEW YORK: A 56-year-old Indian-American man has been arrested in North Carolina on charges of defrauding...

 The Central Bureau of Investigation (CBI) has registered 100 cases involving 132 firms relating to Ponzi schemes in the last three and half years, and has made 21 arrests in...

 Finance minister Nirmala Sitharaman on Sunday cautioned consumers against financial influencers (finfluencers) and warned that several apps offering financial schemes are ponzi...

A Ponzi scheme is an investment scheme wherein new investors' money is used to pay the promised return to previous investors rather than profits of the purported business.... The best...

 We cannot all blame it on investors and of course, I think the large part of the solution is in educating investors but it is it is not the whole thing. You also need very heavy...