Financial Fraud

How to handle a lost credit card and prevent financial fraud

A missing credit card can be used for fraud and cause you unnecessary stress. Acting promptly and responsibly will protect your money.

Clensta flip-flop: Founder Puneet Gupta alleges hack after a company post claims it fudged books

The startup's founder Puneet Gupta has issued a statement saying that one of their team members with access to the company's LinkedIn credentials has written false information about him.

Reliance Jio issues cyber fraud warning, shares scam details, tips to stay protected and more

Jio has issued an important warning for its customers about growing cyberfraud. Also, the telecom operator has provided some tips on how to stay protected.

Banking Central | Dear depositor, think twice before you bite the ‘double your money’ bait

Often, individuals or institutions promising too-good-to-be-true returns lure investors into a deadly trap. Always look at promises of unrealistic returns with caution.

Cyber financial fraud: What RBI can do to protect senior citizen victims

A cyber financial fraud fund, focussed solely on senior citizens, can help with instant reimbursement of funds lost to cyber financial fraud.

Sam Bankman-Fried's trial: five key moments from the first week

Bankman-Fried has pleaded not guilty to charges of stealing billions of dollars in customer funds to prop up his crypto-focused hedge fund, Alameda Research.

Delhi man cheats employer of over Rs 4 crore, puts wife on payroll for 10 years

Investigations revealed that the accused uploaded the manipulated payroll file to the bank's portal using the computer system of another finance manager and then deleted the file.

Job scams: Like, Subscribe and Get Paid, have you fallen for ‘work-from-home’ frauds?

Work-from-home frauds are becoming increasingly widespread making people lose hard-earned money. Here are the types of such scams, how to identify the red flags, and, if duped, how to deal with the mental trauma that ensues.

SFIO probing various Sahara Group companies: Govt

On whether the government is planning to seize all the properties of Sahara India Group companies and their owners, the minister said that as of date, SFIO has not moved any application for attachment of properties in this case, Corporate Affairs Minister Nirmala Sitharaman said.

Mumbai: Accountant siphons off Rs 2.73 crore from client's demat account; held

The Mumbai crime branch arrested the accused from the western suburb of Kandivali on Saturday based on a complaint lodged by his employer at MRA Marg police station in January last year, an official said.

Lawyer splurged over $10 million in company money on lavish lifestyle in Las Vegas, sued

The lawyer now says she is broke and even as recent as February asked the company for more money “to make back the money she has stolen.”

RBI allows 6 entities to test fintech products to deal with financial frauds under sandbox scheme

Six entities, including HSBC and Creditwatch, have been allowed to test their fintech products to prevent and mitigate financial fraud

3 fresh FIRs filed against Mehul Choksi in over Rs 6,700 crore fraud case: CBI

Four years after Choksi's dramatic escape and the failure of the state-run PNB to detect the scam between 2010 and 2018, the bank submitted three complaints to the CBI on March 21, reporting the additional loss caused by the diamantaire and his firm Gitanjali Gems Limited, Nakshatra Brands Limited and Gili India Limited.

Are our securities laws enough to deal with accounting and financial frauds?

CG Power case raises questions whether the elaborate checks and balances of independent directors, auditors, Audit Committees, etc. can prevent a company from being stripped and shareholder wealth destroyed before it is too late

Bad Blood: The book that unmasked Theranos and Elizabeth Holmes, and a broken start-up culture

John Carreyrou’s award-winning book examined the story of a startupreneur who shot to fame by manipulating the flaws in Silicon Valley.

How a ‘friendly’ former banker duped a Goan family, 80 other investors using forged documents

Ameet Savant duped HNIs into investing more than Rs 50 crore into his company. He promised them guaranteed returns of 2 percent from derivative instruments like Index Stock Option Funds. Most of his victims are retirees.

Trump's ex-adviser Steve Bannon arrested for defrauding donors of ‘We Build the Wall’ campaign

Steve Bannon, US President Donald Trump's former financial adviser, has been arrested on charges of misappropriating hundreds of thousands of dollars raised through the 'We Build the Wall' online fundraising campaign.

3 Point Analysis | UK court orders Mallya’s extradition: What’s next?

Sakshi Batra does a 3 point analysis of the latest court verdict and what can be expected in India's bid to extradite Vijay Mallya.

Govt panel suggests moving routine cases out of NCLT's ambit

The move may result in the resolution of lesser economic offences being dealt with in-house, which will in turn bring down the number of routine cases pending with the NCLT

Indians face 25% higher risks to financial fraud: Report

In a report, global financial information company, Experian says 24 percent of Indians have directly experienced frauds while transacting online, and sectors like telco's (57 percent), banks (54 percent) and retailers (46 percent) are the worst victims.

Bombay High Court employee cheated of Rs 48,000 in the name of GST