Page 3 - Scam

Monk loses Rs 2.5 cr in 'digital arrest': How to be safe against scam

Do not accept video calls from unknown or suspicious sources, especially if pressured to continue conversation

High returns? High risk! SBI warns of fake AI investment videos

State-owned lender say it doesn't 'endorse any such schemes that promise unrealistic or unusually high returns'

Mehul Choksi held in Belgium: Timeline of events leading to his arrest

Fugitive diamantaire Mehul Choksi has been arrested in Belgium for his alleged involvement in the ₹13,850 crore PNB bank loan fraud case

What global finance must do to fight digital fraud across sectors

Fraud methods have become sophisticated, challenging traditional detection systems

Delhi woman loses ₹47 lakh in KYC Scam via WhatsApp call: How to stay safe?

If you ever suspect fraud, report it immediately to your bank, the Cyber Crime Helpline, or through the National Cyber Crime Reporting Portal (www.cybercrime.gov.in)

Karnataka elderly couple loses ₹50 lakh to cyber scam, dies by suicide

Duped of ₹50 lakh in a cyber scam, an elderly Karnataka couple took their own lives, leaving behind a note detailing harassment by fraudsters posing as officials

Noida businessman falls for dating app trap, loses ₹6.3 crore to scam

A Noida businessman loses ₹6.3 crore in a dating app scam after trusting a woman who lured him into fake investments

Unidentified men hacked credit card details of a doctor: How to stay safe?

A Credit Card Protection plan offers insurance against fraud, covering unauthorised transactions. Some financial institutions also provide reimbursements, ensuring added security for consumers

Noida businessman loses Rs 1.15 cr to share market fraud: How to stay safe

It's vital to invest through Sebi-registered platforms, steer clear of anyone promising unusually high returns while using trusted apps

US Embassy in Delhi files FIR against fake visa agents, Crime Branch probes

In the complaint, a representative of the US Embassy in New Delhi highlighted fraudulent activities by visa agents

Mumbai woman loses Rs 20 cr in digital arrest scam; police probe conspiracy

Officials said that both accused are part of an international fraud gang and were directly involved in planning and carrying out the crime

Beware! LIC warns customers against fraudulent calls, fake claims

Country's largest insurance company urges customers to avoid divulging sensitive policy or banking details in response to unsolicited communications

New scam in Gurugram: Car driver allegedly hits pedestrian, demands money

According to a viral Reddit post, a "new scam" is making waves in Gurugram. An Ertiga driver deliberately hits pedestrians from behind and then demands compensation for alleged damages

ED arrests key players in Rs 719 crore fake Chinese loan app scam

ED officials reported that the arrested individuals received substantial remuneration-Rs 2 crore and Rs 70 lakh, respectively-for their involvement in creating these illicit accounts

Co-Op bank embezzlement case: 3 accused remanded in EOW custody till Feb 28

Economic Offences Wing (EOW) of Mumbai Police has arrested former chief executive officer (CEO) of the New India Co-Operative Bank Abhimanyu Bhoan in a Rs 122 crore embezzlement case, an official said on Friday. This is the third arrest in the case. The bank's general manager Hitesh Mehta is accused of misappropriating a total of Rs 122 crore in cash from the bank's safe over a period of time. Bhoan had been called to record his statement on Thursday and Friday. After his role in the crime became apparent during the interrogation, he was placed under arrest late Friday night, said an EOW official. The EOW had earlier arrested Hitesh Mehta and developer Dharmesh Paun in the case. The alleged misappropriation of funds came to light following an inspection by the Reserve Bank of India.

Thousands of Indian investors lose nearly $100 mn in Ponzi scheme: Police

Indian police arrested two individuals on Saturday after a case was filed against Falcon Invoice Discounting, which promised returns of up to 22 per cent

One in 3 Indians lost money to scams in 2024; high-value losses doubled

The '2024 Scams Impact Survey: India' found that 34% of respondents had paid for goods, services or investments they never received

CBI busts Rs 350 crore nationwide crypto Ponzi scam, raids seven locations

The CBI has conducted search operations across seven locations after registering a case of Rs 350 crore crypto ponzi scam against seven persons, officials said Friday. The accused persons were allegedly running seven separate modules based in the cities of Delhi, Hazaribag, Bathinda, Ratlam, Valsad, Pudukkottai and Chittorgarh, taking money from gullible investors promising investments in cryptocurrencies, they said. "These ponzi schemes were being promoted through multiple social media groups. An analysis of bank account transactions and cryptocurrency wallets has revealed that the illegal proceeds from these schemes were being converted into cryptocurrencies to obscure their origin," CBI's spokesperson said in a statement. It is alleged that they had conducted transactions of over Rs 350 crore in these schemes, the officials said. On Thursday, the agency swooped down at locations in Delhi, Jharkhand, Punjab, Madhya Pradesh, Gujarat, Tamil Nadu and Rajasthan. During the searches,

Retired bank manager loses 2.2 cr in scam: Here's how to remain protected

Experts advise that if someone claims to be an authority, like police, an insurance regulator, or a ministry official, verify their identity by consulting contacting official helplines

SBI reward scam: What is it and how to stay safe

SBI never sends links or files via SMS or WhatsApp messages for redeeming rewards