Saturday, Dec 03, 2022 | Last Update : 05:12 AM IST

ponzi schemes

Cabinet approves bill to help tackle unregulated deposit schemes

The banning of Unregulated Deposit Schemes Bill, 2019 will replace an ordinance promulgated by the government in February this year.

10 Jul 2019 8:38 PM

Unregulated Deposit Ordinance bans only ponzi schemes not regulated deposits

Ordinance also provides for severe punishment ranging from 1 year to 10 years and pecuniary fines ranging from Rs 2 lakh to Rs 50 crore,

24 Feb 2019 1:12 PM

Cryptocurrency thefts, scams hit USD 1.7 billion in 2018

Of the USD 1.7 billion, USD 950 million constituted thefts from cryptocurrency exchanges and infrastructure services.

30 Jan 2019 12:06 PM

Lok Sabha refers bill to ban ponzi schemes to Par panel

The bill is aimed at tackling the menace of illicit deposit-taking activities across the country.

10 Aug 2018 9:04 AM

Cabinet clears tough law to deter ‘ponzis’

New rules aim to completely ban unregulated deposit-taking.

21 Feb 2018 1:30 AM


Govt sends tax notices to cryptocurrency investors as trading hits USD 3.5 bn

The Indian Govt has issued repeated warnings against digital currency investments, saying these were like 'Ponzi schemes'.

20 Jan 2018 11:30 AM

Bitcoin: Another Ponzi Scheme?

Right from Amitabh Bachchan to Paris Hilton, the crypto-currency fever has spread like wildfire.

02 Jan 2018 12:04 AM

Bitcoins, other virtual currencies like Ponzi schemes: FinMin

It pointed out that people dealing in them must consider these facts and beware of the risks involved in dealing in virtual currencies.

30 Dec 2017 4:42 AM

Finance ministry likens cryptocoins to ponzi scheme

Bitcoin has surged by more than 900 per cent in value in 2017, which has raised fears of a bubble around countries.

30 Dec 2017 1:08 AM

Bitcoins, other virtual currencies like Ponzi schemes: FinMin

The RBI clarified that it has not given any licence to any entity to operate such schemes or deal with Bitcoin or any virtual currency.

29 Dec 2017 6:26 PM


Is CBI shielding bigwigs in probe into ponzi schemes?

The CBI submitted excerpts from the diary in the court of special CJM (CBI) on Nov. 18, 2016.

18 Sep 2017 3:51 AM

Meghwal orders SFIO probe into 233 ponzi scams defaulting investors

Meghwal said no money has been returned to investors in as many as 233 cases related to chit fund and ponzi schemes.

04 Aug 2017 4:42 PM

Mumbai EOW sets up refund unit to distribute Rs 40 cr

Maharashtra Protection of Interest of Depositors Act has ordered sale of assets of nine firms.

01 Jun 2017 11:53 AM