Fraudulent investment operations promising outsize returns to new victims.
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A 51-page lawsuit names 60 defendants in an alleged Ponzi scheme and claims People’s Bank of Lebanon played a role in financing the maneuver. Filed in federal court for the Eastern District of New York, the plaintiffs claim losses of $20 million…
Mumbai: A UAE-based senior chemist working with Abu Dhabi National Oil Company (ADNOC) has allegedly been duped of ₹1.24 crore in a stock trading scam after cyber fraudsters lured him into investing through fake WhatsApp groups and a fraudulent trading platform…
The firm CEO arrested in February 2026 was Christopher Alexander Delgado, founder and chief executive of Orlando crypto firm Goliath Ventures over an alleged Ponzi scheme that prosecutors say took at least $328 million from investors. Federal investigators say only about $1 million…
SINGAPORE – If you see online advertisements from investment experts or financial personalities touting exclusive investment tips, free stock analysis, or high returns with low risk, be on your guard. In a statement on Oct 18, the police warned the public of…
Telangana Police have arrested a suspected investment fraud kingpin in a case that may involve nearly 10,000 investors nationwide. Police arrested 69-year-old Raj Kumar Roy, also known as Raj Kumar Kailash Roy, a resident of Ahmedabad, in connection with an alleged…
According to the first information report, the fraudulent activity occurred between July and September 2026. The complainant had previously traded equities through demat accounts maintained in his name and that of his wife. Investigators stated that the perpetrators exploited his prior…
A Jamaican man was sentenced to federal prison for stealing $3.4 million from 28 people. Sefton Olivair Stewart, also known as “Powa,” a 41-year-old of Montego Bay, Jamaica, was sentenced to 72 months in federal prison for his role in a nationwide scheme…
Telangana police have arrested the alleged prime accused in a suspected massive investment fraud involving Unique Mercantile India Limited and Unique SMCS. Officials estimate that nearly 10,000 investors across the country may have been affected, though the figure and the total…
Hyderabad Police arrested QNET promoter Dig Vijay Singh at Delhi airport in connection with an alleged ₹10,000 crore MLM fraud. Investigators allege that the network associated with QNET and Vihaan Direct Selling (India) Pvt Ltd used multi-level marketing arrangements, binary business…
A retired San Francisco city gardener lost $500,000 in an online romance-linked cryptocurrency scam, then began sending money to someone using a new identity… San Francisco retiree Adan Look lost $500,000 in an online romance and cryptocurrency scam, then began sending money…