Page 2 - Ponzi Schemes

Cabinet approves amendments to bill to check unregulated deposit schemes

The bill provides for severe punishment and heavy pecuniary fines to act as deterrent

Here's how to spot a ponzi scheme instantly and avoid becoming a victim

When a company offers 20-50% interest income on investments, it is a sign to stay away

Here's how an informed investor can spot Ponzi scheme and avoid it

The new Bill will soon allow authorities to take action against any unregulated entity collecting deposits

Modi govt tables Bill to nip ponzi schemes like Saradha in the bud

Up to 10 years in jail for perpetrators on the anvil; competent authority set up by states to have the power to attach assets of defaulting establishments

'Greed' travels faster than 'Need'

Ponzi schemes spread quickly across geographies with the initial investors bringing in ever increasing number of new investors

Crackdown on Ponzi schemes: Cabinet clears Bill to ban unregulated deposits

The current investor protection framework kicks in only after such schemes go bust

SFIO ordered to probe over 63 firms in FY18 for running Ponzi schemes

ponzi schemes are illegal money-pooling activities wherein gullible investors are lured with promises of high returns on investments

Rs 68.50-cr ponzi scheme: SC paves way for criminal trial of S Natrajan

Chennai HC had set aside the proceedings against Natarajan on the ground that default in repayment of dues to depositors by PNL Nidhi Limited occurred in 2004 while he left four years ago

ED searches five locations in Rs 600-crore ponzi probe

The searches are related to Kamal K Bakshi and A K Singh in relation to Uni Pay group ponzi scam

Ponzi scheme frauds to be curbed with new law soon

Government will form the new law in consultation with various stakeholders

Govt proposes strict penalty, jail term for Ponzi operators

The draft Bill provides that offenders will be punished with imprisonment for minimum term of one year

RBI's Sachet can help curb ponzi schemes

As all regulators are part of it, individuals don't need to worry about approaching the right authority