Summary: Bengaluru (Karnataka) [India], Sept 4 (ANI): Days after the Karnataka government handed over the IMA Ponzi Scheme
probe to the Central Bureau of Investigation (CBI), several minority leaders on Wednesday met Chief Minister BS Yediyurappa in his office and thanked him for transferring the case.
For more than two decades, he pulled off $65 billion, making it the biggest Ponzi scheme
Be wary of the Ponzi scheme
as an investment fraud, the Securities and Exchange Commission (SEC) Cordillera warns the public.
(Kapa), who are being accused of machinating another Ponzi scheme
involving P50 billion in investments of its more than five million members.
Summary: Nowhera Shaik is accused of being the mastermind behind a Dh2.60 billion Ponzi scheme
BANKING AND CREDIT NEWS-June 19, 2019--Senators blame TD Bank for ponzi scheme
Citing a witness statement from a creditor, Amey told the High Court there were "concerns that the company has been operated as a fraudulent ponzi scheme
A Ponzi scheme
is a fraudulent investing scam promising high rates of return.The Ponzi scheme
generates returns for early investors by acquiring new investors.
Uduk said the venture had no tangible business model, describing it as a Ponzi scheme
, where returns would be paid from other people's invested funds.
Katherine lured investors into a Ponzi scheme
by falsely claiming the unregistered securities were "low-risk, high-reward investment opportunities in gas and oil projects," Grewal said.
It only took a few hours for a federal jury to hand down a verdict of more than $3.5 million in the first trial of a clawback case arising from the Tom Petters Ponzi scheme
IANS Bengaluru Karnataka's former BJP Minister and mining baron Gali Janardhana Reddy was arrested and jailed for allegedly shielding two accused persons in a multi-crore Ponzi scheme
, a police officer said on Sunday.