Scam News
CryptoCurrency Fraud: Beware, Save your Money - How not to Fall into this Cheating Trap
10 January 19
Cryptocurrency Fraud: Next time someone approaches you to invest in virtual currency, beware!!! The fraudsters may approach you through social media or e-mail, or even a phone call. But remember, creation, trading or usage of virtual currencies including Bitcoin as a medium for payment is not authorized. Here is an eyeopener case you would li ... Read More
QNet: Cyberabad Police Arrests 58 Members of the MLM in Fraud and Cheating Cases
09 January 19
Continuing to crack the whip against agents of controversial multi-level marketing (MLM) companies, the Cyberabad City Police has arrested 58 independent representatives (IRs) of QNet for their involvement in 14 cases of fraud and cheating worth Rs1,000 crore. Those arrested by the police include three bank employees. According to VC Sajjanar, commissioner ... Read More
Odisha Police writes to CBI to probe Ramesh Jena's chit fund link
29 June 16
Berhampur: Tightening the noose around arrested ex-Congress MLA Ramesh Jena, the Odisha Police today wrote to the CBI to probe into the former legislator’s alleged links with a chit fund company. Notably, Berhampur SP Sarthak Sarangi had recently revealed about Jena’s links with Green India, a chit fund firm accused in the mega chit fund scam in Odisha. As the CBI is probing into the ... Read More
Hyderabad: Many lose lakhs to Qnet scam
25 June 16
Hyderabad: When 27-year-old N. Dayakar from Shamirpet was searching for a job, a friend told him about an international company that could change his life. Like many others, Dayakar believed that becoming an agent in Hyderabad for Qnet, a Singapore-based direct selling company, would bring him the fortune he always dreamt of. He could not afford the first investment sought by the comp ... Read More
CBI begins handing over Pearls group asset docs to Lodha panel
02 April 16
NEW DELHI: CBI today started the process of handing over documents of over Rs 5,000 crore worth of assets and 79 luxury cars of Pearls' Group, seized by it, to the Supreme Court-appointed R M Lodha Committee looking into the issue of refund of money to investors of the company. CBI sources said the agency had recovered about 20,000 documents related to the group's propertie ... Read More