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Ponzi Scheme News

Man held for ₹30-crore investment fraud

Man held for <span class='webrupee'>₹</span>30-crore investment fraud

Updated 29 days ago

PMLA court releases 10 accused on bond in ₹1,100-cr investment scam case

Amber Dalal, the CA who owned the firm involved in the fraud.

Published 110 days ago

Punjab: ED attaches fresh ₹5 thousand crore assets of Pearls Agro Ltd

The ED has so far filed five charge sheets against several individuals and companies in the case. (HT Photo)

Published 135 days ago

ED probe finds online Ponzi firm collected ₹1,575 crore, investors defrauded of ₹395 crore

ED probe finds online Ponzi firm collected <span class='webrupee'>₹</span>1,575 crore, investors defrauded of <span class='webrupee'>₹</span>395 crore

Published 192 days ago

ED arrests imposter who tried to manipulate probe in Nowhera Shaik case

ED said Kalyan Banerjee started messaging and calling ED officers and falsely projected himself as close to several high-ranking bureaucrats and politicians (PIXABAY)

Published 202 days ago

PMLA Case: ED attaches ₹3,400-cr Pearls Group assets in Ludhiana

The Enforcement Directorate on Thursday said it has attached fresh properties worth over <span class='webrupee'>₹</span>3,400 crore as part of its money laundering probe against Chandigarh-based Pearls Agrotech Corporation Limited (PACL).

Published 227 days ago

Bail denied to Andheri man who defrauded 91 investors through Ponzi schemes

(Shutterstock)

Published 281 days ago

Former Delhi advocate held for running ₹100-crore Ponzi scheme

The accused allegedly joined hands with another advocate, Deepak Thakur, described by police as the mastermind of the racket.

Updated 319 days ago

‘Archaic law’ delaying civil case resolutions: Delhi court

The court said that archaic laws which slowed down the judicial system had escaped the notice of the government. (Getty Images/iStockphoto)

Published 340 days ago

Saradha group owner Sudipta Sen, associate acquitted in 3 Ponzi scheme cases

Tuesday’s acquittal order was passed by the 11th judicial magistrate’s court at Bichar Bhawan. (Representational image)

Updated 348 days ago

Three arrested for running Ponzi scheme, duping investors of ₹25 crore, assaulting clients

Arrested computer hacker and cyber criminal with handcuffs, close up of hands (Getty Images/iStockphoto)

Published 403 days ago

Torres fraud: Mapping the money trail

Torres Jewellery had lured small investors to buy into its fraudulent investment schemes by selling low-value synthetic moissanite stones as high-value gemstones (Hindustan Times)

Updated 429 days ago

British man fails to block extradition to US in $100 million wine fraud case

UK man to be extradited to US over $100 million luxury wine investment fraud.

Published 439 days ago

Torres scam: ED searches in Mumbai and Surat, seizes ₹6.30 crore cash

On January 7, 2025, investors gathered in large numbers outside the office of Torres Jewellers in Dadar, Mumbai, demanding the return of their principal amounts after the company failed to pay the promised returns on its investment schemes. (Photo by Raju Shinde/HT Photo) (Hindustan Times)

Published 449 days ago

ED probe into Amber Dalal case uncovers alleged role of over 20 commission agents

ED probe into Amber Dalal case uncovers alleged role of over 20 commission agents

Published 462 days ago

Sahara Group case: ED attaches 1,023 acres of land worth ₹1,538 cr

Last week, the ED provisionally attached 707 acres of land worth approximately <span class='webrupee'>₹</span>1,460 crore in and around Aamby Valley City in Lonavala, Pune as part of its probe.

Published 466 days ago

Ponzi scam: ED attaches assets worth ₹36.21 cr in Amber Dalal case

A flat attached by ED (HT)

Published 495 days ago

Ex Pearls Group chief Bhangoo’s son-in-law held in ₹48k-cr fraud case

Ex Pearls Group chief Bhangoo’s son-in-law held in <span class='webrupee'>₹</span>48k-cr fraud case

Published 498 days ago

Pearls Group owner’s son-in-law Hayer held in ₹48,000 crore Ponzi scheme

Pearl group investors protesting in Bathinda in 2017 (HT Photo)

Published 498 days ago

Argentina's Milei denies role in 'cryptogate' after 'pay for access' reports

Argentina's Milei denies role in 'cryptogate' after 'pay for access' reports

Updated 518 days ago

PMLA court issues production warrant against hawala operator

Mumbai, India - Jan. 6, 2025: Torres jewellery showroom in Dadar vandalised after cheating allegations by many investors in pretext of doubling their money, in Mumbai, India, on Monday, January 6, 2025. (Photo by Anshuman Poyrekar/ Hindustan Times) (Hindustan Times)

Published 519 days ago

Detention of accused as undertrial for over 6 years violates rights: Orissa HC

Dilip Ranjan Nath, who ran Sunmarg Suraha Micro Finance in West Bengal and Odisha, was accused of operating an illegal money circulation business through various companies (HT Photo)

Published 527 days ago

Thousands lose ₹870 crore in ponzi scheme promising high returns

Representative Image

Updated 530 days ago

Torres fraud: Tausif Riyaz claims he was neither CEO nor stakeholder

Torres fraud: Tausif Riyaz claims he was neither CEO nor stakeholder

Published 542 days ago

Torres scam: Court allows ED to question 4 accused

Torres scam: Court allows ED to question 4 accused

Published 548 days ago

Two fugitives with Interpol Red Notice deported from Thailand, US

Two fugitives facing Interpol Red Notice were arrested (Representational image)

Published 550 days ago

ED charge-sheets Amber Dalal in ₹564 cr Ponzi scam

Amber Dalal

Updated 551 days ago

What is the ₹1,000 crore Torres Ponzi scheme which scammed 3,700? Details here

Police personnel stand guard outside Torres Company’s office.

Updated 553 days ago

Hollywood's 'worst actor' worked with Oscar winners, was jailed for $690M fraud

Zach Horwitz adopted the name Zach Avery and became an actor, but also perpetuated a $690 million Ponzi scheme.

Updated 564 days ago

Multi-crore Torres investment scam: 1,535 complaints received by Mumbai police so far

Multi-crore Torres investment scam: 1,535 complaints received by Mumbai police so far

Updated 568 days ago

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