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Amit K. Bhardwaj (17 January 1983 – 15 January 2022) was an Indian businessman who founded Amaze Mining and Blockchain Research Limited which ran GB [Gainbitcoin] Miners among other bitcoin-related businesses and projects, these have been described as various types of Ponzi schemes.
The Delhi High Court also called it a multi-victim scam and refused to quash FIR against the directors of Indian franchise of Qnet, Vihaan Direct Selling Private Limited. [42] The Serious Fraud Investigation Office , in its report on GoldQuest and QuestNet India has called multi-level marketing (MLM) schemes run by overseas operators as "a ...
Indian Controversies. New Delhi: Rupa & Co. In 2020, Real Estate Scam Fighters [112] [113] is formed with a basic mission to debunk various Frauds in the real estate sector and create awareness for the investors.
Miles said that projecting wealth is a very common recruitment scam. “This one involves an MLM rep that projects the image of being a successful businessperson. They often recruit by trying to ...
The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
The Indian television series Scam 1992 is based on his life and fraudulent activity. Trevor Milton, founder and former CEO of Hydrogen Trucking company Nikola inc. Convicted of Fraud lying to investors to pump the companies stock price.
Multi-level marketing (MLM), also called network marketing [1] or pyramid selling, [2] [3] [4] is a controversial [4] and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or ...
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Mehta with other bankers and politicians on the Bombay Stock Exchange. The scam caused significant disruption to the stock market of India , defrauding investors of over fifteen million USD.