She also pushed Traffic Monsoon, which claimed you could earn money by clicking on online adverts - US regulators accused it of being a ponzi scam
and froze its assets.
The CBI on Wednesday said it has registered a case on the alleged Rs5 billion (Dh284 million) online ponzi scam
involving the Ghaziabad-based Webwork Trade Links Pvt Ltd in Uttar Pradesh.
A Ponzi scam
is an investment fraud which lures investors with promises of high financial returns or dividends.
In addition, the Enforcement Directorate has reportedly said that the Freedom 251 smartphone could have been a Ponzi scam
revealed that The Pearl Group, accused of ` 45,000 crore Ponzi scam
has neither stopped accepting deposits nor its modus operandi.
The people who beat up the officer had probably confused with being an CBI investigator or it may also be that this was a specific attack on him as ED is also probing the Saradha ponzi scam
Ghosh averted from accusing the leaders of being involved in the Saradha Group ponzi scam
, and instead suggested that police should seek their help to delve into the scam.
Klein is currently the forensic accountant for the trustee for Fair Finance, a USD 200m Ponzi scam
, and served as a fee examiner in the Enron bankruptcy case.
Siliguri (West Bengal), July 5 ( ANI ): West Bengal Police on Friday shifted Saradha Group chief Sudipta Sen and his deputy Debjani Mukherjee, the accused in the ponzi scam
, to another jail in Siliguri district after the state government notified the formation of a special committee to carry out instant investigation.
Financial disasters such as Enron, WorldCom, the subprime mortgage derivatives crisis, and the Madoff Ponzi scam
also belong to the same class.
A Ponzi scam
is one of the most prevalent investment frauds in today's society.
Additionally, the anniversary has prompted two books dedicated to one of the other main American stories of 2007/2008 analysing, often very unkindly, the motives for the Madoff Ponzi scam