Scams News
YouTube, Facebook to WhatsApp: SEBI cautions against THESE four types of fraudulent activities on social media platforms
Stock market fraud has surged in India, with 150,000 victims reported last year. SEBI has issued advisories to protect investors amid a record 130 million trading accounts, as over 400 scams are reported daily, resulting in over $1 billion lost.
2 min read21 Apr 2025North Korea targets Europe, UK in fake job scam: What is it? How are hoax IT workers carrying out the fraud?
In a report earlier this month, Google said that a case came into light last year where a single North Korean employee deployed at least 12 personae in Europe and the US. This IT worker was seeking jobs in sensitive fields like the defence industry and other government sectors.
2 min read20 Apr 2025‘Many Gensols still hiding in the cupboard’: Vijay Kedia shares 10 red flags that scream before a scam
And ace investor Vijay Kedia believes there are many more companies like Gensol hiding in the cupboard, waiting to tumble out with time. Kedia has shared a list of 10 red flags that can help investors spot any scams going ahead.
3 min read17 Apr 2025PNB share price: PSU bank still below 2018 level when Mehul Choksi-led ₹14,000 crore fraud came to light
Arrest of jeweller Mehul Choksi in Belgium has reignited focus on the ₹14,000-crore Punjab National Bank scam from 2018, involving fake loans and significant financial losses. Despite recovery efforts, PNB shares remain below pre-fraud levels, though analysts express optimism for future growth.
4 min read14 Apr 2025The vast and sophisticated global enterprise that is Scam Inc
Online fraud leaves nobody safe
5 min read11 Apr 2025Vivek Kaul: Fast thinking is the great enabler of digital fraud
As Daniel Kahneman outlined it, we either think fast and intuitively or slowly and deliberatively. Technology has tilted us to the former, short-circuiting how we apply our minds. We must beware the baleful effects of it.
4 min read1 Apr 2025Mahadev app scam: CBI raids at Bhupesh Baghel’s residence. ‘Just before Delhi visit,’ responds former Chhattisgarh CM
The ED conducted searches at former Chhattisgarh Chief Minister Bhupesh Baghel’s residence and other locations in connection with a ₹6,000 crore Mahadev app scam.
3 min read26 Mar 2025Fake job postings on social media leave India Inc. worried
Global financial and risk advisory firm Kroll says at least 2 out of 10 job postings are fake. Candidates are often asked to pay ₹50,000 to ₹1 lakh for a job by scamsters.
4 min read21 Mar 2025Manu Joseph: We had more shame in the 1980s: Recall Bofors?
A book by Chitra Subramaniam on that scandal takes us back to a time that seems very distant from the era we now inhabit. One big difference lies in an emotion whose power seems to have diminished.
5 min read16 Mar 2025India’s KYC crisis: A bank dedicated to welfare payments could resolve it
Know Your Customer rules have locked out millions of Direct Benefit Transfer beneficiaries. Banks aren’t the villains of this crisis, though. To smoothen welfare payouts, India Post Payments Bank should be put in charge of DBT disbursal.
4 min read3 Mar 2025Popular 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
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