Fraud News
Mumbai Torres Jewellery Scam: All you need to know about massive multi-crore fraud involving Russian citizen
Torres Jewellery Scam: Torres Jewellers allegedly defrauded nearly 1.25 lakh investors of multi-crore value. Here is all we know about the scam.
2 min read8 Jan 2025Bank fraud cases rise 27% YoY in 2024; scams worth ₹21,367 crore logged in H1FY25: RBI data
Reserve Bank of India data showed that bank fraud cases have risen 27 per cent year-on-year to a total of 18,461 cases in the first half of the financial year 2024-25, reported PTI.
2 min read26 Dec 2024Bengaluru techie loses ₹11.8 crore to ‘digital arrest’ scam, told Aadhaar was being misused to open bank accounts
Software engineer in Bengaluru lost ₹11.8 crore, as fraudsters robbed the techie over a claim of alleged involvement of his Aadhaar card in a false money laundering scheme, reported PTI.
2 min read23 Dec 2024Vivek Kaul: Financial frauds evolve fast but it’s not as if we’re helpless
Technology has transformed how fraudsters and Ponzi scheme operators function and leaks of our personal data make scams more likely, but we are only as vulnerable as we allow ourselves to be. Here’s a safety guide.
4 min read26 Nov 2024The worrying rise of fraudsters on the prowl online
As cybercrime surges, former IPS officer D.K. Panda and retired banker Vashishth become unwitting victims of sophisticated fraud schemes. With scammers exploiting technology to extort millions, the urgency for awareness has never been greater.
3 min read11 Nov 2024Delhi Police summons Elvish Yadhav, comedian Bharti Singh and 5 others for promoting ₹500-cr HiBox scam: Report
The Delhi Police has reportedly summoned YouTuber Elvish Yadav, comedian Bharti Singh, and three others in connection with the HiBox investment scam, a large-scale fraud that duped more than 30,000 people.
1 min read7 Oct 2024Bankman-Fried’s ex-girlfriend Ellison gets two-year sentence over crypto fraud
USA-BANKMANFRIED/ELLISON (UPDATE 1, PIX):UPDATE 1-Bankman-Fried’s ex-girlfriend Ellison gets two-year sentence over crypto fraud
4 min read25 Sep 2024Las Vegas man pleads guilty in lucrative telemarketing scam
Las Vegas man pleads guilty in lucrative telemarketing scam
1 min read11 Sep 2024Edelweiss’ Radhika Gupta bats for ‘dal-chawal investing’ after eyeing ₹2,200 crore market fraud case
Edelweiss Mutual Fund MD and CEO, Radhika Gupta said investors should stick to “dal-chawal investing” (ordinary investing) compared to chasing unrealistic gains offered by people in the stock market.
1 min read7 Sep 2024US Wants Andrew Left Victims, If Any, to Come Forward on Website
The US is seeking court permission to set up a website to allow potentially thousands of victims of short seller Andrew Left’s alleged fraud to come forward, saying there are too many to reach out to directly.
1 min read28 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared