Ponzi & Pyramid Schemes

2+ hour, 18+ min ago   (793+ words) A Hong Kong man in his 70s has lost more than HK$13 million ($1.67 million) after a self-described cryptocurrency investment expert contacted him through WhatsApp and directed him to a fake trading app. Hong Kong police said the case was among more…...

3+ hour, 27+ min ago   (351+ words) SMYRNA, Ga. — A Georgia financial adviser who defrauded an elderly client out of nearly $10 million will spend more than seven years in federal prison. Ejiroghene O. Okuma, 44, of Smyrna, was sentenced September 11 to seven years and four months in prison,…...

3+ hour, 4+ min ago   (353+ words) SMYRNA, Ga. - A former Smyrna financial adviser will spend more than seven years in federal prison after stealing nearly $10 million from an elderly client to buy a multi-million-dollar home, a luxury club membership, and fund personal expenses. Ejiroghene O. Okuma, 44, was…...

18+ hour, 2+ min ago   (331+ words) A Vadodara-based pharmaceutical entrepreneur has alleged that he was cheated of shares worth around ₹16 crore after being promised a takeover of a US-based pharma company. Padra police have registered a complaint against four people, including three NRIs originally from Kheda…...

18+ hour, 42+ min ago   (733+ words) An investigation has begun into an alleged ₹100 crore scam in the supply of government medicines and medical equipment in Uttar Pradesh. The Enforcement Directorate (ED) has sought 7-years of records from the UP Medical Supplies Corporation Limited (UPMSCL). The scale…...

19+ hour, 10+ min ago   (876+ words) Thai police have arrested a 67-year-old Chinese man wanted in connection with a murder case who allegedly lived in Thailand for more than three decades using a fraudulently obtained Thai identity and operated several tourism businesses in Pattaya. Authorities reported…...

1+ day, 1+ hour ago   (374+ words) 52 Singaporeans have been arrested and detained in China's Guangxi region over suspected pyramid scheme activities. The arrests came as part of a wider crackdown by Chinese authorities, with investigations still ongoing. The case has put the spotlight on a so-called…...

1+ day, 2+ hour ago   (156+ words) Bengaluru: A nurse and her friend lost nearly Rs 30 lakh in a fake online investment scam, a police complaint stated. Sudha Samson, name changed, in her 30s, told police that on May 26, she received a WhatsApp message from an unknown person…...

1+ day, 8+ hour ago   (188+ words) The suspect linked to Sh14 million overseas job scam has been arrested. Evans Ndibui Ndutha was arrested on Saturday night by detectives from the Directorate of Criminal Investigations following a raid on his hideout at his in-law’s home in Nyamuthanga, Lari…...

1+ day, 3+ hour ago   (1567+ words) Trader loses RM315,963 in bogus projector order scam in Pahang NST Online This is generated by AI, we welcome feedback. - Prime Minister Datuk Seri Anwar Ibrahim received the inaugural Sheikh Abu Bakar Foundation Excellence Award in Kozhikode, India. - The award recognised…...