Moneycontrol PRO

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Raining money! Finfluencer posts outrageous video to sell 'trading app', part of a pyramid scam

Moneycontrol has found that the app channels money to several bank accounts and makes it nearly impossible for users to withdraw their money from the gaming wallet.
Explained: How is direct selling different from pyramid scheme and why has ED attached Amway India’s assets
BJP's Kirit Somaiya terms bitcoin a 'pyramid ponzi scheme'. Is he right?
Madoff 'feeder funds' agree $1bn settlement

Companies accused of aiding Bernard Madoff's vast pyramid scheme have agreed to pay more than USD 1 billion to settle a fraud lawsuit, the trustee charged with recovering Madoff's funds said today.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347