Mon, Jul 29, 2019
Aiming to curb the menace of ponzi schemes and protect gullible investors, Parliament has passed the Banning of Unregulated Deposit Schemes Bill, 2019. The Rajya Sabha on Monday passed the bill with a voice vote.
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Thu, Feb 07, 2019
The Banning of Unregulated Deposit Schemes Bill, 2018 was introduced in Parliament on July 18, 2018 and was referred to the Standing Committee on Finance.
Thu, Jun 14, 2018
Thousands of investors who put their money into two Mumbai-based Ponzi schemes Royal Twinkle Star Club and Citrus Check Inns Ltd have reasons to cheer after the Maharashtra government attached 47 properties of the company in Maharashtra and Karnataka.
Mon, Apr 23, 2018
Time and again, people fall for ponzi schemes due to their ignorance, greed and probably the lost out feeling.
Fri, Dec 29, 2017
"There is a real and heightened risk of investment bubble of the type seen in ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard-earned money," said the statement.
Mon, Dec 25, 2017
This translates to an average of 7 companies being referred for investigations per month
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