Ponzi schemes: Sebi says acted against 250 firms already

Last Updated: Friday, August 21, 2015, 16:13

Talking tough on illegal money- pooling schemes, regulator Sebi today said it has passed orders against 250 companies engaged in such activities and has also managed to recover Rs 26 crore from them so far.

Bill to check ponzi schemes put on hold

Last Updated: Sunday, August 2, 2015, 14:46

A proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.

'Govt amending law to provide compensation to duped investors'

Last Updated: Friday, May 1, 2015, 17:49

Thousands of crores of rupees are stuck in these schemes as CBI Director Anil Sinha had recently said that Rs 80,000 crore of 6 crore investors stands locked in such scams probed by the agency.

Over Rs 80,000 crore stuck in ponzi cases: CBI Director

Last Updated: Monday, April 27, 2015, 22:14

Around Rs 80,000 crore of six crore Indians are blocked in the ponzi scam being investigated by the CBI, the agency Director Anil Sinha said Monday.

CBI probing larger conspiracy angle in ponzi schemes: Sinha

Last Updated: Tuesday, February 24, 2015, 20:10

In the wake of rising incidents of fraudulent money pooling schemes in West Bengal and Odisha, CBI is probing the possible involvement of political and other influential people, Minister of Finance Jayant Sinha said in Parliament Tuesday.

Ponzi schemes can't be matched on return claims: SEBI

Last Updated: Sunday, January 5, 2014, 14:44

Pitching for easier access by common investors to genuine financial products to take on the ponzi menace, capital markets regulator SEBI has said there are many good products available, although they cannot match tall claims made by illicit funds.

'Bitcoin' becoming a bit too big;regulators scramble for norms

Last Updated: Sunday, December 1, 2013, 13:16

As Bitcoin becomes more popular day by day, regulators are getting worried about potential money laundering risks associated with this digital currency and its possible misuse by fraudsters to lure gullible investors into 'e-ponzi' schemes.

Recovery orders for over Rs 500 cr issued in past 2 months: Sebi

Last Updated: Saturday, November 23, 2013, 15:39

Markets regulator Sebi on Saturday said it has ordered recovery of over Rs 500 crore from defaulting/ erring companies ever since the new search and seizure order was implemented two months ago.

Odisha starts attaching chit fund group`s properties

Last Updated: Monday, November 11, 2013, 21:06

Odisha Monday started the process of confiscating properties of scam-tainted chit fund companies in the state to compensate duped investors.

Odisha designates 4 ADJs to deal with chit-fund cases

Last Updated: Wednesday, November 6, 2013, 23:06

In a bid to expedite the process of attaching properties of ponzi scheme companies, Odisha government said four ADJs have been appointed as designated courts for the purpose.