investor fraud
ED Attaches Rs 264 Crore Assets From Shine City Group in Major Real Estate Fraud Case
Dec 04, 2025 08:22 pm CST
The Enforcement Directorate has declared Shine City Group founder Rashid Naseem a Fugitive Economic Offender, confiscating properties worth Rs 127.98 crore in a major real estate scam. After investigating 550+ FIRs, authorities have attached assets worth Rs 264.10 crore and are processing claims from over 6,500 victims who were defrauded through fake investment schemes.
Hyderabad Police Officer Suspended After Allegedly Taking ₹2 Crore Bribe to Help Fraud Suspect Escape
Oct 31, 2025 04:05 pm CST
A Hyderabad Task Force Sub-Inspector has been suspended following allegations that he accepted a ₹2 crore bribe to help financial fraud suspect Vuppalapaty Satish escape custody. Satish, accused in a ₹23 crore fraud case, escaped with his family during transport from Mumbai to Hyderabad, prompting a multi-state manhunt and internal investigation into police complicity.
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.