INVESTMENT SCAMS
Trust, trade, trap: Fake trading platforms fooled a doctor of crores; How these scams look "genuine" and empty your bank account
Indore's crime branch has arrested seven individuals for scamming a doctor out of over Rs 3 crore through a fake stock trading portal. The scammers manipulated the victim over several transactions, leading to significant financial loss before he filed a complaint.
Why India needs a strategic cryptocurrency reserve, before it’s too late
You’re at a dinner gathering. You know, the kind where arguments break out over everything from politics to sports. Then someone, usually the "finance guy" of the group, leans in and says, "If only we had bought Bitcoin 10 years ago."
Nightmare in the name of 'Elon Musk': Ex-pilot duped of ?72 lakh in web of lies
A retired pilot lost ?72 lakh to scammers impersonating Elon Musk and his associates, believing he was investing in SpaceX and Tesla. The fraud began with fake social media accounts, leading to numerous transactions. The victim realized the deceit after being asked for a tax payment on supposed earnings, prompting him to report the scam to the police.
What's worse than AI taking your job? A bot offering you one
Scammers are leveraging AI chatbots trained on large language models to deceive job seekers with persistent, well-structured messages. These scams exploit platforms like WhatsApp, making recruitment frauds harder to detect, impacting both candidates and genuine recruiters.
SEBI mandates advertiser verification on social media to curb investment frauds
Sebi guidelines: Sebi has mandated registered intermediaries to verify their email and mobile numbers on social media platforms before publishing ads. This move aims to curb securities fraud and misleading investment promotions online, enhancing investor protection and market transparency.
US director accused of scamming Netflix out of millions
The indictment was filed in a federal court in New York and unsealed on Tuesday. The 47-year-old filmmaker was arrested the same day. "Carl Rinsch allegedly stole more than $11 million from a prominent streaming platform to finance lavish purchases and personal investments instead of completing a promised television series," FBI Assistant Director Leslie Backschies said in a statement.
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Noida businessman duped of over Rs 1 crore in online stock market scam
A Noida businessman lost Rs 1.15 crore in an online scam after a fraudster posing as a financial analyst lured him with fake stock market gains. He invested Rs 65 lakh and paid Rs 50.2 lakh in taxes and fees before realizing the fraud. Police are investigating.
Pune techie falls for Rs 9,000 profit bait, ends up losing Rs 91 lakh to online share trading fraud in just 2 months
A techie from Dhanori was defrauded of Rs 91.41 lakh by cybercriminals through a fake online share trading app. Initially lured by small profits, the victim invested larger sums, eventually realizing the scam when the fraudsters blocked him from withdrawing his funds. Cybercrime police are investigating the case.
Digital cash is everywhere, and so are scammers
Digital scams are on the rise, including the case of an Indian textile baron who lost $830,000 last year after fraudsters summoned him to an online hearing at a fake Supreme Court that threatened him with jail. The finance ministry told parliament last week that the number of high-value cyber fraud cases in the latest full fiscal year was more than four times the number the year before, while a central bank report said total digital payment fraud amounted to $175 million in the same period.
DoT, WhatsApp to jointly counter online scams, spam in India
The Department of Telecommunications (DoT) has partnered with Meta-backed WhatsApp for a campaign called `Scam Se Bacho’ to combat online scams and spam in India. The initiative aims to educate citizens on identifying and reporting fraud, enhancing digital safety and awareness. The collaboration includes workshops, citizen-centric services, and proactive action against telecom resource misuse.
Trump's move to create a BTC reserve might make crypto lucrative, but should you fall for the hype, and ignore regulatory confusion?
US President Donald Trump's announcement to create a strategic Bitcoin reserve and digital asset stockpile has sparked increased trading activity among Indian crypto enthusiasts. While this might signal an incoming crypto rally, do not ignore the market's inherent volatility and risks associated with hype-driven investments. Moreover, regulatory ambiguity around this asset class is another reason you should be careful while investing in this asset.
Riding the market waves: Why SIPs thrive in volatile times
Systematic Investment Plans (SIPs) help investors navigate market volatility by leveraging rupee cost averaging, avoiding behavioral biases, and benefiting from compounding. They promote discipline, eliminating the need to time the market. SIPs ensure long-term financial growth, mitigating risks of emotional decision-making and optimizing portfolios for sustained wealth creation.
Yes Bank-DHFL case: Court refuses to take cognisance of chargesheet against Goenka, Balwa
A special court has refused to take cognisance of a CBI supplementary chargesheet naming businessmen Vinod Goenka and Shahid Balwa in the DHFL-Yes Bank fraud case, citing lack of evidence of their intent to cheat. The court also ordered the cancellation of Lookout Circulars against them, noting the loan had been repaid prior to the chargesheet filing.
Gold price at all-time high. Should you buy gold now or wait?
Gold rate has broken previous records. This has raised a pertinent question whether it is right time to invest in the bullion.
Government seeks 5% UPI market share for Bhim by 2028
The NPCI-backed payment application currently has a market share of around 0.2%. The government is working on boosting Bhim’s tech backend to support 10,000 transactions per second by September 2025, up from 5,000 in January 2025.
India’s top tech leaders call for creating awareness about ethical use of AI
India is urged to enhance technology upskilling, and create digital infrastructure and trainers at local levels, in response to AI's impact on job landscapes. Collaboration between industry and academia is highlighted to ensure responsible AI usage and skill development, while addressing data privacy and security concerns.
NASA's chief scientist Katherine Calvin terminated: Who is she? Check details
NASA layoffs: NASA has announced layoffs and its chief scientist Dr Katherine Calvin has also been terminated. The NASA layoffs may signal a shift away from research and toward exploration since both Trump and SpaceX founder Elon Musk support a human mission to Mars. Katherine Calvin is also a renowned climatologist who has contributed to key UN climate reports.
CEO says ZERO pay and 10-hour-a-day internship in his company a great career opportunity. How did netizens react?
Peter Ninovski, founder of Brainster, faced backlash for a LinkedIn post offering an unpaid apprenticeship with extensive working hours. Despite emphasizing the learning opportunity and mentorship, many criticized the low compensation and demanding conditions, highlighting ongoing debates on fair wages and ethical labor practices.
Nearly 300 Indians repatriated from Myanmar scam centres
Nearly 300 Indians have been repatriated from scam centres in Myanmar through Thailand, amid a crackdown on illegal online fraud operations. The Myanmar authorities, pressured by China, have recently freed around 7,000 workers, the majority being Chinese, who were held in harsh conditions in the country's border areas.
Crypto, Crime & Corruption: A memecoin family’s checkered past puts the presidency of Argentina’s Javier Milei in trouble
The Davis family has been heavily involved in a scandal involving a cryptocurrency backed by Argentine President Javier Milei, resulting in significant losses for investors. Kelsier Ventures, led by Hayden Davis, allegedly profited massively during the token's launch, sparking an investigation. The family's controversial history includes crimes, polygamist cults, and attempts to reform.
ED seizes private jet linked to Rs 850 crore 'Falcon scam' at Hyderabad Airport
The Enforcement Directorate seized a Hawker 800A jet linked to Amardeep Kumar, accused in an Rs 850 crore Falcon scam, at Hyderabad airport. The jet, bought for USD 1.6 million, was allegedly used to flee to Dubai. The Falcon group collected Rs 1,700 crore from investors through a Ponzi scheme. Key executives remain absconding.
Who is Chris Wright, Trump's new Energy Secretary
Chris Wright has been confirmed as the US Energy Secretary, spearheading President Trump's energy policy. Wright, a proponent of fossil fuels, aims to cut regulations and boost domestic energy production. The newly formed National Energy Council will coordinate these efforts across executive branch agencies.
Trump to host crypto titans at White House summit, pledges to make US a crypto superpower
US President Donald Trump will host a White House summit to support the crypto industry, including top figures like David Sacks and the Winklevoss twins. His administration aims to provide regulatory clarity and legitimacy, despite past controversies and potential conflicts of interest.
Several scams have taken place through Eknath Shinde, claims Aaditya Thackeray
Shiv Sena (UBT) MLA Aaditya Thackeray accuses Maharashtra Deputy CM Eknath Shinde of involvement in multiple scams, urging dismissal. Maharashtra's budget session addresses key issues like the border dispute with Karnataka, investments, and welfare schemes, with MoUs worth Rs 15.72 lakh crore signed to create over 15 lakh jobs.
Noida woman loses Rs 51 lakh in stock trading scam: Police explain how a Rs 1,000 Amazon gift voucher set the trap
A Greater Noida woman, Meenu Rani, was allegedly defrauded Rs 51.50 lakh in a stock trading scheme. Tricked by Hari Singh and an accomplice in a WhatsApp group, Rani invested money from family members expecting high returns. The police have frozen Rs 4.80 lakh and are investigating the case under the Information Technology Act.
Ignore now, regret later: Why you should treat cybersecurity like health insurance
Cybersecurity is crucial in the digital age, providing peace of mind and protection against financial loss and reputational damage from cyberattacks. Many remain complacent, leaving themselves vulnerable to costly breaches. Strong security measures, such as firewalls and regular updates, are essential. Investing in cybersecurity now can prevent significant future regrets, much like health insurance.
How a Punjab couple sold cloud space to run a Rs 3,500 crore scam
A couple from Punjab was arrested for running a multi-level marketing fraud. They promised investors high rental value on cloud space which was non-existent. They collected over Rs 3,500 crore and diverted the funds into luxury items and businesses. The Enforcement Directorate seized their properties and assets. The couple was traced to Nepal and brought back to India.
Indian entities may lose Rs 20,000 cr to cyber crimes in 2025: CloudSEK Report
Indian entities are projected to incur losses of Rs 20,000 crore due to cyber crimes in 2025, with Rs 9,000 crore resulting from brand name abuse alone. The banking and financial sectors are the most affected, facing losses of Rs 8,200 crore, followed by retail and e-commerce at Rs 5,800 crore.
Tamannaah Bhatia issues clarification over reports of police inquiry in crypto fraud case
Tamannaah Bhatia has denied allegations of involvement in a cryptocurrency fraud case under investigation by Puducherry police. The case concerns a Coimbatore-based firm accused of scamming investors through grand events and high-profile endorsements. Tamannaah and Kajal Aggarwal reportedly attended company functions, raising questions about their ties to the firm. Tamannaah called the allegations "fake and misleading" and stated her team is taking action.
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