Page 2 - Scams

Call for stronger anti-scam education on crypto platforms, shows survey

Over 64 per cent of the respondents polled by global crypto exchange Binance said they used exchanges multiple times a week or in a day

How to identify a scam before it happens? Vijay Kedia has some suggestions

Shares of Gensol Engineering hit the 5 per cent lower circuit for the 16th consecutive session on Thursday

Google removes 5.1 bn ads, 247 mn from India alone to tackle scam surge

The company said it is constantly adapting its methods, including using advanced tools and working closely with its partners, to ensure a safer online environment

Mahadev app case: ED searches premises of EaseMyTrip's Nishant Pitti

The ED said that several top politicians and government officials from Chhattisgarh are suspected to be involved in illegal activities and money deals connected to the app

Cyber fraud alert: Police urge public to cross-check news, avoid scams

Cross-verification of news items and avoiding clicking on suspicious links are among the advisories issued to the public to prevent them from falling prey to cyber frauds, the Cyber Crime Wing of the police department said on Saturday. The agency also appealed to people not to trust any investment schemes or trading platforms promoted through unverified sources, even if they appear to be endorsed by public figures. Citing a recent social media post containing sensational headlines involving celebrities and forged logos of popular news outlets that promote investment opportunities through stock trading, the Cyber Crime Department said the proliferation of such media postswith fake news involving public figures like singer Shreya Ghoshal endorsing investment websitesposes a significant risk to social media users. A team of officials from the department is actively patrolling social media platforms and has been taking down fraudulent handles and websites. "So far, we have identified 25

Online scams drain Rs 4,245 crore in just 10 months, shows govt data

67% increase witnessed from the Rs 2,537 crore recorded last year

Kerala CSR scam: 1,343 cases registered, 6 persons nabbed, says CM Vijayan

Kerala Chief Minister Pinarayi Vijayan on Monday said that scamsters collected Rs 281.43 crore from 48,386 people by promising scooters at half the price using CSR funds, but gave vehicles only to 16,348 people as per 386 cases registered into the CSR fund scam in which investigation began. Responding to a query raised by CPI(M) MLA Murali Perunelly on the status of probe into the CSR scam, Vijayan told Assembly that the police have registered 1,343 cases related to the scam till March 12. Of these, 665 cases have been handed over to the Superintendent of Crime Branch, Ernakulam, leading the special investigation team under the supervision of ADGP (Crimes), CM said. The CM was referring to the case where thousands of people were allegedly cheated by falsely promising two-wheelers and laptops at half price using CSR funds. The Chief Minister added that several crucial documents were seized from the prime accused, whose bank accounts have been frozen. The police have arrested six ..

How a Delhi man duped senior citizens by posing as an insurance agent

The accused, Priyesh Giri, confessed that he had committed fraud with more than five senior citizens over the past year, including an elderly woman

NPCI warns against call merging scam: How to remain protected

Always exercise caution when asked to merge calls, especially if the request comes from an unknown source

Siddaramaiah gets clean chit in Muda case, police find no evidence

The Lokayukta police failed to prove charges against the chief minister and his wife Parvathi in the absence of evidence against the couple

NPCI warns users against call merging scams; here's how to protect yourself

The NPCI issues warning against a scam that involves fraudsters tricking people into merging calls, where users unknowingly share their OTPs, leading to financial loss

1,000 scam workers rescued from Myanmar, including Indians: Why it matters

According to Myanmar's Ministry of Information, most of the victims are from Asian countries such as China and India, with some also from East Africa

New India Cooperative Bank's GM held for 'misappropriation' of Rs 122 crore

The Mumbai police on Saturday arrested Hitesh Mehta, General Manager and Head of Accounts of the New India Cooperative Bank, for allegedly misappropriating Rs 122 crore from the bank, officials said. Mehta was placed under arrest by the Economic Offences Wing (EOW) of the city police after being questioned for more than three hours, an official said. He was called to record his statement before the probe agency at its south Mumbai office in connection with the case registered against him and others, he said. Mehta will be produced before a local court on Sunday, the police official added. The Reserve Bank of India (RBI) on Friday superseded the cooperative bank's board for a year and appointed an administrator to manage its affairs. A day prior to that, it imposed several restrictions on the lender, including on withdrawal of funds by depositors, citing supervisory concerns emanating from the recent material developments in the bank, and to protect the interest of its depositors.

Who is Ananthu Krishnan, the man behind multi-crore fraud in Kerala?

Ernakulam Rural Police arrested 26-year-old Ananthu Krishnan, who allegedly orchestrated a fraud involving promises of laptops & scooters at half price, leading to a loss of about 500-600 crore

Phishing to QR code scam: Key steps to avoid some common UPI-related frauds

As UPI transactions rise, so do frauds. From phishing to fake QR codes, here's how scammers operate and key steps to protect yourself from financial fraud

Activist alleges Rs 88 cr 'scam' in agriculture dept under Dhananjay Munde

Activist Anjali Damania on Tuesday alleged a Rs 88 crore 'scam' in the agriculture department when NCP leader Dhananjay Munde held the portfolio in the previous Mahayuti coalition government in Maharashtra. Despite the Union government's 2016 directive to transfer money directly to farmers' bank accounts under Direct Benefit Transfer (DBT), the agriculture department purchased equipment and fertilisers for distribution to farmers at inflated rates, she claimed. Reaction from Munde's office to the allegations was awaited. The NCP leader, now minister for Food and Civil Supplies, is already under fire over the arrest of his aide Walmik Karad in an extortion case related to the murder of sarpanch Santosh Deshmukh in Beed district. Shiv Sena minister Sanjay Shirsat told reporters that Chief Minister Devendra Fadnavis will "certainly take notice" of the allegations and order an inquiry. Speaking at a press conference here, Damania presented documents related to the alleged scam. "These

Over 33% respondents lose money to scams via real-time payments: Report

More than one-third of people surveyed have reported losing money to scams through real-time payments, according to a report. Highlighting the growing threat of scams in India's real-time payments (RTP) ecosystem, 34 per cent of respondents reported paying for goods, services or investments that were never delivered, according to the report by global analytics software company FICO. The report stated that 60 per cent of respondents reported exposure to messages from scammers, and 54 per cent said friends or family members had been scammed. While fewer Indian consumers reported losses in 2024 compared to 2023, the percentage of high-value losses those exceeding Rs 800,000 doubled from 2 per cent to 4 per cent, said Dattu Kompella, managing director in Asia for FICO. While 56 per cent of losses were relatively small, under Rs 50,000, these amounts can still be devastating for many households, the report said. Around 45 per cent of Indian consumers identified improved fraud detecti

Capital Group duped: Here's how $2.6 trillion fund was taken for a ride

The alleged organier is Ketan Parekh, a former stockbroker the regulator has chased out of the market once before

Scams at airports: Key threats and how to stay safe while travelling

These incidents have raised red flags about the growing sophistication of scams, particularly in places like airports where people often have a heightened sense of security

'I was crying, begging': Influencer Ankush Bahuguna on 40-hr digital arrest

The scammers forced Bahuguna to switch off all electronic devices, forbade him from communicating with anyone, and coerced him into making multiple financial transactions