Apr 14, 2021 07:12 PM IST
Bernie Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, a person familiar with the matter said.
- Dec 24, 2020 08:45 PM IST
The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
- Sep 17, 2019 09:45 PM IST
Vikram Singh Rajput (39) is the founder and managing director of the cooperative society, ADG (ATS and SOG) Anil Paliwal said.
- Aug 17, 2019 01:27 PM IST
It said the group invited gullible people to become members of their ponzi pyramid scheme "in the guise of" multi-level marketing by selling products like suit length and edible items.
- Jul 19, 2019 08:00 PM IST
The bill was introduced by Finance Minister Nirmala Sitharaman in the Lower House amid noisy protests by Congress members over the ongoing political crisis in Karnataka.
- Jul 19, 2019 03:25 PM IST
The bill was introduced by Finance Minister Nirmala Sitharaman amid noisy protests by Congress members over the ongoing political crisis in Karnataka.
- Nov 14, 2018 05:55 PM IST
A magistrate's court here had remanded Reddy to judicial custody till November 24 Sunday.
- Mar 25, 2018 10:03 AM IST
Niket Shah of New Jersey was charged by the Securities and Exchange Commission (SEC) which also ordered a preliminary injunction and asset freeze against him.
- Feb 21, 2018 04:16 PM IST
The Union Cabinet on Tuesday gave its approval to introduce Banning of Unregulated Deposit Schemes Bill, 2018, in Parliament.
- Mar 30, 2017 03:28 PM IST
If the government declares Bitcoin to be illegal in India, then the exchanges will have to shutdown, the source said.
- Mar 24, 2017 01:10 PM IST
"The use of Bitcoin, a hypothetical currency, is increasing at a rapid speed in India as well as in the world. Experts have expressed concern that Bitcoin is a pyramid ponzi type scheme," Kirit Somaiya said.
- Dec 23, 2015 02:17 PM IST
Bitcoin is a web-based "cryptocurrency" used to move money around quickly and anonymously with no need for a central authority. But despite being championed by some as the digital money of the future, it is often dismissed as a currency that is too volatile to invest in.
- Dec 07, 2014 03:00 PM IST
Weeding out illicit money pooling schemes, market regulator Sebi has within a month clamped down on over two-dozen companies that had raised close to Rs 1,000 crore from over 4 lakh investors.
- Feb 27, 2014 08:53 PM IST
In its case against PACL and PGF, CBI has named PGF Director Nirmal Singh Bhangoo and PACL Director Sukhdev Singh besides six other directors of the companies.
- Jul 02, 2013 11:26 AM IST
Winklevoss Bitcoin Trust, which is designed to operate like an exchange-traded fund, will initially sell $20 million worth of shares, with each share worth a fraction of a Bitcoin, a filing with the Securities and Exchange Commission showed on Monday
- Mar 16, 2013 12:10 PM IST
What would it take for you to blow the whistle on fraud where you work? Well the U-S Securities Exchange Commission wants to make it more enticing.
- Dec 21, 2012 08:36 AM IST
The younger brother of Bernard Madoff will serve 10 years in prison for his role in his brother's Ponzi scheme that stole billions of dollars from investors, a US judge said on Thursday.
- Jun 07, 2012 07:42 AM IST
US prosecutors urged a judge on Wednesday to send convicted financier Allen Stanford to prison for 230 years, calling him a "ruthless predator" whose USD 7 billion Ponzi scheme was among the most egregious frauds ever undertaken.
- Jun 06, 2012 08:00 AM IST
While former trader David Kugel was helping conman Bernard Madoff fabricate stock trades, his son Craig Kugel was giving US authorities false information about who worked at the now-defunct Madoff firm.
- Apr 05, 2012 02:32 PM IST
The trustee seeking money for victims of Bernard Madoff's Ponzi scheme, who lost an estimated USD 20 billion, may pursue claims against wives of the imprisoned swindler's sons, a US federal court judge said on Wednesday.
- Dec 29, 2011 05:00 AM IST
Allen Stanford, accused of running a USD 7.2 billion Ponzi scheme, on Wednesday lost his bid for a three-month delay in his criminal fraud trial, clearing the way for jury selection to begin on January 23.
- Nov 28, 2011 04:13 PM IST
'Capitalism in Crisis' is a series that seeks to separate the reality from the hyperbole by asking some provocative questions. What is the business of business? Are free markets always fair and efficient?
- Sep 21, 2011 10:00 AM IST
US prosecutors made new allegations on Tuesday in a probe of the Full Tilt Poker website, accusing makers of defrauding players of more than USD 440 million.
- Jul 15, 2011 09:45 AM IST
UBS AG won review of USD 2.6 billion of lawsuits brought by the trustee liquidating Bernard Madoff's firm, at least the fourth time a bank has obtained access to that court.
- Jun 25, 2011 09:19 AM IST
The trustee seeking money for Bernard Madoff's victims is now seeking USD 19 billion from JPMorgan Chase & Co, tripling the amount he hopes to recover from what was once the imprisoned Ponzi schemer's main bank.