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Sebi slaps Rs 31 lakh fine on 3 persons for fraudulent trades

Last Updated: Tuesday, August 12, 2014, 18:56

Sebi had conducted an investigation into the trading in shares of the four companies for the period January 1, 2009 to August 31, 2009.

Rajya Sabha passes Bill to give teeth to Sebi to tackle ponzi menace

Last Updated: Tuesday, August 12, 2014, 17:28

Lok Sabha had last week passed this Bill.

Madoff letter to US judge appears to be fake

Last Updated: Thursday, July 24, 2014, 08:51

US judge on Wednesday denied a bizarre motion supposedly filed by Madoff that claimed the US intelligence agencies used "bio-electric sensors” to influence the case against him.

Cabinet to consider proposal for SEBI ordinance Friday

Last Updated: Thursday, February 27, 2014, 22:28

The Cabinet is likely to consider Friday a proposal to bring an ordinance that provides more powers to market regulator SEBI for cracking down on ponzi schemes.

JPMorgan to pay over $2 billion to settle Madoff case

Last Updated: Wednesday, January 08, 2014, 00:46

JPMorgan Chase & Co will pay more than USD 2 billion of penalties to settle charges by U.S. federal authorities that it failed to report suspicious activity involving Bernard Madoff`s Ponzi scheme.

Charge-sheet filed in Speak Asia case

Last Updated: Thursday, December 19, 2013, 23:19

Two years after the crime branch of Mumbai Police registered a case in the Rs 2,276 crore Speak Asia scam, police on Thursday filed a charge-sheet.

Fresh anti-ponzi scheme Bill passed in WB Assembly

Last Updated: Thursday, December 12, 2013, 22:00

West Bengal Protection of Interest of Depositors in Financial Establishments Bill, 2013 was passed in the state Assembly, after withdrawing the earlier one following objections from the Centre.

CBI to investigate ponzi scheme groups in Tripura

Last Updated: Monday, October 07, 2013, 14:08

The CBI will investigate the cases relating to ponzi schemes, which has defrauded a large number of people in Tripura.

Govt mulls ban on ponzi advertisements

Last Updated: Sunday, July 21, 2013, 15:22

Faced with a mushrooming ponzi menace, govt is considering a possible ban on promotion of money-collection schemes promising unrealistic returns.

Saradha executive, another arrested for cheating in Tripura

Last Updated: Thursday, July 11, 2013, 20:22

Two executives of two ponzi scheme companies, including the Saradha Group, were arrested on the charge of cheating, the police said on Thursday.

Ponzi company chief sentenced to 7 years RI in Odisha

Last Updated: Thursday, July 04, 2013, 19:33

A court in Kandhamal district on Thursday sentenced the chief of a ponzi scheme company to seven years` rigorous imprisonment for duping depositors.

Cattles sold for 'ghee' investments; Sebi sees ponzi at play

Last Updated: Sunday, June 02, 2013, 16:19

As per the latest financial details accessed by Sebi, the scheme named 'Cattles & Ghee' had mobilised a total amount of Rs 745 crore as on March 31, 2011. Further funds could have been garnered from the depositors since then.