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
In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations. It took a financial crisis for the world to wise up to CDOs, which repackaged risky mortgage bonds to make them look safer than they were. “CDOs are nothing but a … Read more
LUCKNOW: The Directorate of Enforcement, Lucknow zonal office has attached movable and immovable assets to the tune of more than Rs 103 crore in the case of “Bike Bot”- a ponzi scheme floated by Noida-based Garvit Innovative Promoters that has allegedly duped over two lakh investors of Rs 3,000 crore in multiple states. A total … Read more