EOW receives 1,554 more complaints against Universal Trading Solutions in multi-crore Ponzi scam

EOW receives 1,554 more complaints against Universal Trading Solutions in multi-crore Ponzi scam

The Economic Offences Wing (EOW) of the police has received complaints from 1,554 more investors against Coimbatore-based Universal Trading Solutions Pvt Ltd (UTS), which duped investors of hundreds of crore through Ponzi schemes. The complaints against UTS were received in a petition camp organised by the EOW on Tuesday, as part of its ongoing investigation … Read more

Odisha police arrest two from West Bengal in ponzi scheme scam

Odisha police arrest two from West Bengal in ponzi scheme scam

The Economic Offences Wing (EOW) of the Odisha police has arrested two persons from West Bengal for their reported involvement in a ponzi scheme, while the money duped by them could cross ₹1,000 crore. About 800 investors from Odisha’s Ganjam district filed a complaint that they invested money in 18football.com, a ponzi scheme (multilevel marketing) … Read more