SCAM OPERATORS
The scam that wasn't? Groww issues 6-point clarification on failed mutual fund investment
Groww platform safeguards investments, ensures transparency in transactions, and advises customers to verify holdings with CAMS, Kfintech, or MFCentral for comprehensive oversight, debunking misinformation and ensuring financial security.
60 Indian nationals arrested in Sri Lanka for cyber crime operations
Indian nationals engaged in online financial scams were arrested in Madiwela and Battaramulla following simultaneous raids. The arrests uncovered a scheme involving coerced deposits after promising cash for social media interactions, with international links to Dubai and Afghanistan.
Don't leave your crease: ICICI Bank asks UPI users to follow cricket strategy to stay safe from frauds
ICICI Bank issued a warning about rising fake UPI payment scams, urging caution through social media. They shared a video advising users to verify unexpected UPI notifications carefully to avoid scams where scammers claim to have sent too much money and pressure victims to return excess amounts urgently. This alert coincides with a significant increase in digital payment fraud cases reported by the RBI. ICICI Bank encourages prompt reporting of cybercrimes and offers tips to protect against fraudulent transactions.
Kejriwal withdraws from SC plea against HC's interim stay on bail order
Delhi Chief Minister Arvind Kejriwal withdrew his Supreme Court plea challenging a Delhi High Court order that stayed his bail in the excise scam-related money laundering case. Kejriwal's counsel, Abhishek Singhvi, indicated plans to file a new appeal following his recent arrest by the CBI.
Federal court revives lawsuit against US government over fake university scam
US Court of Appeals for the Federal Circuit has reinstated a proposed class action lawsuit involving 600 students defrauded by fictitious university in student visa scam. The lead plaintiff, from India, seeks to recover funds paid for enrollment, highlighting government's commercial activity. DHS not immune from lawsuit, marking significant legal victory.
NEET paper leak case: Now, Maharashtra arrest and Delhi connection plot
The Central Bureau of Investigation (CBI) has arrested a school teacher from Latur, Jalil Khan Pathan, and detained Sanjay Jadhav, another teacher on the run. The police are investigating a national-wide racket in the alleged NEET-UG paper leak. The case was registered based on input from the Maharashtra anti-terrorism squad, which had identified a covert operation in Latur.
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Why is Delhi CM Arvind Kejriwal still in jail?
Delhi Chief Minister Arvind Kejriwal remains in jail despite receiving bail from the trial court in the money-laundering case. The Enforcement Directorate has challenged this bail in the Delhi High Court, linking it to the scrapped excise policy. Kejriwal's bail is on hold until further court proceedings, with the ED presenting evidence of alleged kickbacks and financial transactions involving him.
Meta must face Australian billionaire Forrest's US lawsuit over scam Facebook crypto ads
In a decision on Monday, US District Judge Casey Pitts in San Jose, California said Australia's second-richest person can try to prove that Meta's negligence in allowing the ads breached its duty to operate in a commercially reasonable manner.
Stock market scam: 70-year-old Thane resident loses Rs 2 crore in WhatsApp fraud
A 70-year-old from Kolshet, Thane, Maharashtra, lost Rs 2 crore in a stock market scam after being added to a WhatsApp group by unknown individuals. The group, highlighted by The Times of India, touted share trading tips and high returns. Its administrator falsely posed as a representative of a Chicago-based investment giant, enticing traders with purported opportunities.
India's very own Tinder Swindler(s): Hyderabad cops arrest seven for duping men to the tune of ₹30 lakh via dating app scam
The scam run by the suspects targeted youngsters on dating apps, luring them to pubs in the city's Madhapur area with the promise of a date with a woman. Once the men got to the pub, their date would allegedly make them pay the bill after ordering expensive food and alcohol. The owners of the pub would later split up the money between themselves and the gang.
Jaipur: US Woman buys Rs 6 crore jewellery from Instagram seller, later discovers it's worth only Rs 300
A US woman named Cherish was duped into buying what she thought was genuine jewelry worth Rs 6 crore from a Rajasthan shop owner, only to find out it was counterfeit and valued at just Rs 300. She confronted the seller in Jaipur after showcasing the jewelry in the US and filed a police complaint. The case highlights concerns over fraudulent practices targeting international buyers. Meanwhile, a Nagpur businessman lost Rs 87 lakhs in a scam promising hefty returns from trading on the New York Stock Exchange.
RBI strikes against UPI, digital payment fraud, plans to set up a digital payment intelligence platform
Fight against digital payment frauds: The RBI proposes a digital payments intelligence platform to combat a surge in digital payment frauds. Fraud cases reported to the RBI jumped 300% to 36,000 in FY23 compared to FY22, highlighting the need for a system-wide approach. The central bank forms a committee that will examine setting up this infrastructure to facilitate real-time data sharing across the digital payments ecosystem.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
Fake job offers in India or abroad: How to spot a fraudulent job offer, know the full list of authorised agents for foreign jobs
Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake job offers. In the recent past many young Indians were taken abroad to work in scam jobs, etc.
MEA issues warning for Indians against fake job offers in Cambodia and Laos
The Ministry of External Affairs issued an advisory to Indian nationals about fraudulent job offers and fake agents in Cambodia and Southeast Asia, involved in cybercrimes, emphasizing caution in job searches.
Govt planning new way to save you from bank and other financial scams
Amidst the surge in phone call scams, the Department of Telecom (DoT) has unveiled a new solution to differentiate between authentic calls and those orchestrated by fraudsters. As per reports from ToI, the DoT has designated a distinct 10-digit numbering series commencing with 160 for service and transactional calls originating from governmental bodies, regulatory agencies, and financial institutions.
Ex Hyderabad DCP claims KCR issued order to tap phones of BJP leaders to save K Kavitha from Delhi liquor scam: Report
Former Chief Minister of Telangana K Chandrasekhar Rao has alleged used the 2022 MLA poaching case to compel BJP to assist in the bail proceedings of his daughter and MLC K Kavitha in the Delhi liquor scam case. The disclosure regarding this purported maneuver was made in the confession report of Radha Kishan Rao, the former DCP of Hyderabad police's task force, who is implicated in the illegal phone tapping case.
Mumbai man loses Rs 1.07 crore in trading scam; Here's how Indians lost Rs 1,750 cr in just four months
A 48-year-old man from Navi Mumbai lost Rs 1.07 crore in a share trading scam, highlighting a broader surge in cybercrime in India. The Indian Cybercrime Coordination Centre (I4C) reported 20,043 trading scam cases amounting to Rs 14,204.83 crore between January and April 2024. Fraudsters often use call spoofing and impersonate officials to deceive victims. The government has responded by freezing bank accounts and blocking SIM cards to protect potential victims.
Mobile users can expect relief from 'spoof international calls'
Hoax international calls originate outside the country, but cyber criminals manipulate the calling line identity (CLI) to make such calls appear as originating within India. The DoT has directed telecom carriers to block such calls. DoT noted that fraudsters are making international spoofed calls displaying Indian mobile numbers to Indian citizens and committing cyber-crime and financial fraud.
Govt directs telcos to block incoming international spoofed calls
The government directed telecom operators to block incoming international spoofed calls displaying Indian mobile numbers to prevent cyber-crime and financial frauds by fraudsters and cyber-criminals.
DoT, telcos develop new mechanism to block spoof overseas calls masquerading as Indian numbers
The Department of Telecommunications (DoT) and mobile operators have developed a system to detect and block spoofed international calls that appear as Indian numbers. This measure aims to protect millions of mobile users from cyber criminals. These spoofed calls, manipulated to look like domestic calls, originate from abroad. The DoT has instructed telecom carriers to block such calls to prevent cybercrime and financial fraud.
Stock market fraud via WhatsApp, Facebook, Telegram: Two investors lost over Rs 3 crore; how to identify scam and protect yourself
Stock market scams via WhatsApp, Telegram, Facebook or Instagram: Two investors lost over Rs 3 crore in separate scams, highlighting a concerning trend. Fraudsters lure victims via social media with promises of high returns. They use fake profiles, apps, and WhatsApp groups to build trust before blocking withdrawals. Beware social media stock tips promising high returns. It's a scam! Learn how to identify fraudsters and protect yourself. Read for modus operandi and red flags here.
90,000 scams in 4 months: How Southeast Asia is becoming the next Jamtara; Fraudsters recruiting from Andhra, TN, Odisha
India faces a surge in cyber fraud from Southeast Asia, surpassing domestic hotspots. Nearly half of the defrauded money comes from scams such as investment, trading, digital arrest, and dating scams. Between January and April 2024, Rs 1,775 cr was lost to these scams. Organized crime networks employ Indians through illegal recruiters, with suspected Chinese involvement in these operations.
Telcos, tech players join forces to counter pesky calls/SMS
Telecom operators in India leverage blockchain-based DLT to combat pesky calls, SMS phishing, and protect users. Collaboration with COAI, Trai, and regulators to implement consent frameworks and draft consumer protection guidelines.
Pig-butchering stock market get rich quick scam: Telegram, Instagram, WhatsApp used to steal lakhs from investors; tactics used, how to stay safe
A 32-year-old woman was scammed after joining a Telegram channel promising high returns. The scam targeted homemakers and retired individuals through unverified channels. Scammers impersonated advisors from reputed banks like HDFC, SBI, and ICICI. Delhi Police have been actively arresting scammers involved in these fraudulent activities.
Daily Stock Tips: How 100 fraudsters tricked 200 investors through Telegram, Instagram, and WhatsApp
Investment scams on social media platforms lure victims with promises of high returns. Delhi Police have arrested over 100 fraudsters employing sophisticated tactics. Scammers pose as representatives of reputed firms, offering free stock recommendations and making unrealistic promises. Victims, often homemakers and retirees, fall prey to pressure tactics, losing their hard-earned money.
Google will now protect you against fraud with new scam call detection feature for Android: Here's how
Google unveiled an AI-powered scam call detection feature at Google I/O 2024, aimed at protecting Android users from phone scams. The feature, powered by Gemini Nano, analyzes conversations in real-time for fraudulent language and patterns. It operates locally on devices, ensuring privacy. Users will need to opt-in to use this proactive security tool, with more details expected later this year. Compatibility is currently limited to select flagship models, highlighting Google's commitment to enhancing user protection.
D-Street Scam? Harsh Goenka warns of Harshad Mehta-era scam amid booming markets
RPG Group Chairman Harsh Goenka has raised alarm over a resurgence of stock market malpractices akin to the Harshad Mehta/Ketan Parekh era, particularly in Kolkata. He expressed concerns about promoters inflating profits and colluding with brokers to artificially boost stock prices to unsustainable levels. Goenka urged SEBI and the Finance Ministry to step in and investigate to protect small investors from potential losses. The warning follows a significant market decline, with the BSE Sensex and NSE's Nifty both experiencing sharp drops.
Gurgaon businessman withdraws Rs 6 crore through 141 bank accounts, arrested
A Gurgaon businessman was arrested for siphoning Rs 6.1 crore from a software company's account. Alleged mastermind Harmeet Singh Malik was intercepted at Mumbai airport while trying to flee to Dubai. The operation involved multiple accomplices, with funds routed through various bank accounts and cryptocurrency transactions. Six arrests have been made, while two suspects remain at large.
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