Browsing Tag

ponzi scheme

An Indian Charged With World’s Biggest Crypto Fraud Worth Rs 18000 Crore! Court Takes Action

Shreya Bose Feb 26, 2022

In total the perpetrators swindled about USD 2.4 billion from investors. An Indian founder of cryptocurrency investment platform BitConnect has been indicted in the US for orchestrating a global Ponzi scheme that defrauded investors of…

Business

Swadeshi Marketing – A Road to Prosperity, or a Huge MLM Fraud?

Naweed Chougle Aug 21, 2012 19

India is no stranger to corruption scams, with latest being the “Mother of All Scams” - Coalgate scam - resulting in potential losses worth an astronomical Rs. 186,000 crore. In most cases, these scams stuff the pockets of a select few and…