Definition: A ponzi scheme is an investment plan in which the operator or the operating company pays returns to investors from the new capital coming in from new investors instead off the profits of ...

The victims were allegedly duped by Falcon Invoice Discounting, which promised annual returns of 11-22% on short-term investments.

In a significant crackdown, the Economic Offence Wing of Odisha Police apprehended Dhanajaya Sahoo, the mastermind behind a Ponzi scheme that deceived nearly 200 people across various districts in ...

IMA ponzi scheme victims will get compensation before Ramzan, says Karnataka minister According to the statement, over one lakh depositors invested Rs 3,213.58 crore in IMA in hopes of doubling ...

In a significant move towards justice for victims of the Agri Gold Ponzi scheme, the Hyderabad zonal office of the directorate of enforcement (ED) has successfully restituted attached properties worth ...

Peter Aitken is a Newsweek Politics Editor based in New York. His focus is domestic U.S. politics, but he has experience covering Foreign Affairs, Business and Technology. Peter joined Newsweek in ...

At least 183 people in Bengaluru have lost over Rs 41 crore after falling victim to Falcon Invoice Discounting Platform, a firm recently exposed as part of an Rs 850-crore Ponzi scheme in Telangana, ...

Statute of Limitations refers to a statute that sets the time period during which a legal claim can be brought. Most statute of limitations laws require individuals to sue at some point during a ...

In a shocking turn of events, the Federal High Court in Calabar has convicted and sentenced the Chief Executive Officer of Micheno Multi-purpose Cooperative Society, Uno Michael Eke, to one year in ...

Bitcoin plunges below $90K, leading a crypto market sell-off amid bearish trends, global trade tensions, and Bybit's $1.5B ...

The scheme collapses when recruitment slows down, leaving investors nil. Fake initial coin offering schemes entice unsuspecting investors by promising a groundbreaking new cryptocurrency.

The Make a Difference Awards are your chance to say thank you and recognise those who improve lives where we live. You must enable JavaScript to play content The ...