Online Ponzi Scam
Explained: How ED busted the Rs 400 crore Fiewin gaming app scam
The app, initially presented as a legitimate platform for earning money through games, was found to be a scam.
Actor Govinda to be questioned in Rs 1,000 cr online ponzi scam: Report
Authorities at Odisha's economic offences wing (EOW) stated that at present, Govinda is neither a suspect nor an accused
FinMin working with MeitY, RBI to clamp down on ponzi apps: FM Sitharaman
Union Minister Nirmala Sitharaman on Sunday said the finance ministry is working with MeitY and RBI to clamp down on ponzi apps to prevent them from taking away hard earned money of gullible investors. Cautioning investors against ponzi apps, Sitharaman said investors should do their due diligence and should not be lured by claims of lucrative returns made by them. "There are also apps which are coming out and reaching out to people saying we can do this, we can do that. Your money will fetch you this much. "Many of them are ponzi, the apps on which we are working with the Ministry concerned, the Ministry of Electronics & Information Technology (MeitY) and with the Reserve Bank and clamping down on them like never before, so that we don't get those ponzi apps, taking away hard earned money," she said. Speaking at the Thinkers Forum at Tumakuru (Karnataka), she said, social influencers and financial influencers are all out there but a strong sense of caution is required in each one
SRK, Nawaz named in Rs 500-cr online Ponzi scam complaint; CBI to probe
However, the actors are not mentioned as either accused or suspects by the Uttar Pradesh Police
