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The biggest money market scam ever committed in India, amounting to approximately ₹ 5,000 crores. The main perpetrator of the scam was a stock and money market broker Harshad Mehta. It was a systematic stock scam using fake bank receipts and stamp paper that caused the Indian stock market to crash. The scam exposed the inherent loopholes of ...
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information.
The NSE co-location scam relates to the market manipulation at the National Stock Exchange of India, India's leading stock exchange.Allegedly select players obtained market price information ahead of the rest of the market, enabling them to front run the rest of the market, [1] [2] possibly breaching the NSE's purpose of demutualisation exchange governance and its robust transparency-based ...
The company "Yosr Developpement Ltd" director was behind money laundering, illegal investments and Ponzi scheme frauds. [ 133 ] On February 26, 2014, Gregory Loles, who formerly ran Farnbacher-Loles and related investment entities, was sentenced to 25 years' imprisonment by federal judge Alvin W. Thompson for a $25 million Ponzi scheme ...
We break down how each low-risk investment option works, as well as the level of risk it carries, to find the best fit for your budget, risk tolerance and financial goals. High-yield savings ...
A wide variety of investment vehicles and strategies, typically legitimate, have become the basis of Ponzi schemes. [22] For instance, Allen Stanford used bank certificates of deposit to defraud tens of thousands of people. Certificates of deposit are usually low-risk and insured instruments, but the Stanford certificates of deposit were ...
There are suggestions that the Freedom 251 sale is a scam. [5] It is alleged that the phone looks like a Chinese phone with the original brand label covered with whitener. The icons shown on screen shots are copied from Apple's iPhone. MP Kirit Somaiya describes the offer as a "huge scam" and has asked the government of Uttar Pradesh to ...
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