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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 ...
Here are the best low-risk investments in 2025: High-yield savings accounts. Money market funds. Short-term certificates of deposit. Cash management accounts
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 ...
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 ...
SoFi was founded in 2011 as a student loan refinancing company. In 2019, SoFi — , short for Social Finance — expanded into investment services, offering a user-friendly platform to new investors.
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.
5. U.S. Treasury bills, notes and bonds. Treasury bills, notes and bonds are assets that the U.S. Department of the Treasury issues to raise money for the U.S. government.
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.