Tag: fraud

Who Is Rishi Shah, Indian-American Jailed For Rs 8,300 Crore Fraud In US

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Rishi Shah, the co-founder of Outcome Health, was indicted on over 12 counts of fraud. New Delhi: Rishi Shah, an Indian-American businessman, has been sentenced to seven and a half years in prison for a Rs 8,300 crore ($1 billion) fraud involving his advertising startup. The fraud scheme deceived high-profile investors such as Goldman Sachs…

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Bengaluru Woman Exposes Money-Swiping Scam Via ‘Bank Screenshots’

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Now, a new scamming trend is on the rise, shared by a Bengaluru woman, named Aditi Chopra. Online fraud is increasing in today’s world where digital transactions have become the norm. Scammers are getting smarter. They use clever tricks to deceive people and steal their money, like sending fake emails, setting up bogus websites, and…

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Inside Sam Bankman-Fried’s Multi-Billion Dollar FTX Fraud

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Sam Bankman-Fried got into the world of cryptocurrency at the age of 25. (File) Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange. He was found guilty in November on seven counts, including…

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Delhi Man Arrested For Duping 7 Of Rs 14 Lakh By Posing As WHO Doctor

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According to police, a complaint regarding cheating of Rs 14.80 lakh from 7 persons. (Representational) New Delhi: The Delhi Police has arrested a 33-year-old man who allegedly defrauded around Rs 14.80 lakh from seven persons on the pretext of getting them jobs in the regional office of World Health Organization, a senior officer said on…

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Man Posing As HR Head Of Multi-National Company Dupes HSBC Bank Of Rs 2 Crore

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The fraud was carried out between December 2022 and June 2023. Gurugram: An alleged fraudster, claiming to be the Human Resources head of a multi-national company, duped HSBC Bank of more than Rs 2 crore, police said. The accused opened 38 salary accounts in the names of “employees”, got 28 credit cards issued and took…

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About 100 agro-product companies under CBI scanner for bank fraud

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Representative file image. | Photo Credit: Reuters About 100 companies dealing in agro-products came under the scanner of the Central Bureau of Investigation (CBI) over the past five years on the charge of cheating banks of loans running into thousands of crores of rupees. This year, so far, more than two dozen firms trading in…

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