investment scam
ED Auctions Rs 14-Crore Business Jet Seized in Rs 792-Crore Investment Fraud Case
Dec 03, 2025 12:16 am CST
The Enforcement Directorate is auctioning a Hawker 800A business jet worth Rs 14 crore, seized from Falcon Group CMD Amardeep Kumar who allegedly defrauded investors of Rs 792 crore through a fake invoice-discounting scheme. The aircraft, purchased in 2024 for USD 1.6 million and used by Kumar to flee India, will be auctioned on December 9 with proceeds intended for victim restitution.
72-Year-Old Mumbai Man Loses Rs 35 Crore in Elaborate Trading Fraud Spanning Four Years
Nov 27, 2025 08:00 pm CST
A 72-year-old Mumbai resident has fallen victim to an elaborate trading scam, losing Rs 35 crore through unauthorized transactions conducted by Globe Capital Market Limited over four years. The fraud involved manipulation of trading accounts, false profit statements, and unauthorized circular trades, leading to massive financial losses that went undetected until July 2024. The case has been transferred to Mumbai Police's Economic Offences Wing for investigation.
Elderly Bengaluru Man Loses Rs 1.33 Crore in Sophisticated Online Investment Scam
Nov 24, 2025 11:44 am CST
A 74-year-old Bengaluru resident fell victim to a cybercrime scheme, losing Rs 1.33 crore after being deceived by a fraudster posing as a wealth management representative. The scammer promised lucrative IPO returns and convinced the victim to transfer funds through a fake application, highlighting the increasing sophistication of online financial frauds targeting senior citizens.
Al Falah University Chancellor's Brother Arrested in 25-Year-Old Fraud Case Amid Delhi Blast Investigation
Nov 17, 2025 06:52 pm CST
Madhya Pradesh police have arrested Hamood Ahmad Siddiqui, brother of Al Falah University's Chancellor, for a 25-year-old investment fraud case involving Rs 40 lakh. The arrest comes as the university faces scrutiny following its connection to Dr Umar Un Nabi, the prime accused in the Delhi Red Fort blast that killed 13 people. Police are investigating potential links between university associates and the terror incident.
Maharashtra Man Loses Rs 3.96 Crore in Sophisticated Online Share Trading Scam
Nov 14, 2025 11:45 am CST
A 48-year-old senior manager from Thane, Maharashtra fell victim to a carefully orchestrated online share trading fraud, losing Rs 3.96 crore between May and October. The scammers operated through a WhatsApp group claiming connection to a securities company, promising high returns on equity investments before disappearing with the transferred funds. Authorities are now investigating all digital and financial connections in this case of cybercrime.
Tamil Nadu Police Bust Multi-Crore Iridium Scam: 27 More Arrested in Statewide Operation
Oct 25, 2025 11:13 pm CST
Tamil Nadu's Crime Branch-CID has arrested 27 more individuals in connection with a widespread "Iridium scam" that defrauded victims using fake RBI credentials. The operation spanned 15 districts, targeting gangs who claimed to facilitate lucrative sales of the rare metal. Authorities have warned the public against schemes promising extraordinary returns through iridium sales.
Mumbai Police Bust Massive Deepfake Investment Scam with China Connections: How Criminals Used Fake Videos of Market Experts to Steal Crores
Oct 19, 2025 01:12 am CST
Mumbai Police have dismantled a sophisticated cybercrime operation that used deepfake videos of prominent market analysts to defraud investors. The scam, linked to Chinese cybercriminals, involved a digital marketing company illegally selling Facebook Ad IDs, resulting in victims losing crores through fake investment schemes on WhatsApp and Telegram groups. Four individuals have been arrested in connection with the fraud that came to light after a SEBI-registered analyst reported counterfeit videos of himself circulating online.
Celebrity Hairstylist Jawed Habib Faces 32 Fraud Cases in UP For Bitcoin Investment Scheme
Oct 13, 2025 02:50 am CST
Celebrity hairstylist Jawed Habib, his son Anos Habib, and an associate are facing 32 FIRs in Sambhal, UP, for allegedly defrauding investors of Rs 5-7 crore through Follicle Global Company. They promised 50-70% returns on Bitcoin investments but failed to repay investors after two-and-a-half years. A lookout notice has been issued while Habib's lawyer claims he cannot appear for questioning due to health issues.
Javed Habib Fraud Allegations: Renowned Hairstylist Named in Multi-Crore Scam Investigation
Oct 08, 2025 06:08 pm CST
Renowned hairstylist Javed Habib faces serious allegations as Uttar Pradesh police issue a lookout notice in connection with a multi-crore fraud case. While 20 FIRs have been registered against Habib's son and associates, his lawyer claims no direct involvement, stating they merely attended an event organized by the company under investigation. Authorities estimate the fraud may amount to Rs 5-7 crore as investigations continue.
Billionaire Real Estate Tycoon Donald Bren Disowns Son Over Alleged $2 Million Luxury Club Fraud
Oct 07, 2025 03:11 pm CST
Donald Bren, America's richest real estate magnate worth $19 billion, has cut ties with his son David Bren following allegations that the 33-year-old defrauded investors of over $2 million through a fictional luxury club called 'The Bunker.' Promising exclusive access to supercars and fine dining, the venture has resulted in multiple lawsuits and tragic consequences for some investors, including one apparent suicide.