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Duped investors at a rally in Bhubanewar protest against the Odisha governments alleged inaction to ensure refund of money collected by chit fund firms.

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 Sept 2017 3:51 AM IST

BR Balakrishnan, a director general of investigations at the income tax department in the southern state of Karnataka, said notices were sent following the survey to assess the penetration and patterns of virtual currency trade. (Photo ;PTI)

Govt sends tax notices to cryptocurrency investors as trading hits USD...

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

20 Jan 2018 11:30 AM IST

Bitcoin has more than tripled in price since the start of October, putting it on track for its best quarter since the end of 2013, when it surged above $1,000 for the first time.

Bitcoin: Another Ponzi Scheme?

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

2 Jan 2018 12:04 AM IST

Finance Minister Arun Jaitley (Photo: AP)

Cabinet clears tough law to deter 'ponzis'

New rules aim to completely ban unregulated deposit-taking.

21 Feb 2018 1:30 AM IST

The IPO comes at a time when the cryptocurrency sector is facing a number of headwinds.

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 IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Unregulated Deposit Ordinance bans only ponzi schemes not regulated...

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

24 Feb 2019 1:12 PM IST

Prakash Javadekar (Photo: G.N. Jha)

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...

10 July 2019 8:38 PM IST

The Centre is keen to get the transgenders bill, which has already been introduced in Lok Sabha, passed in this session. (Photo: PTI)

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 IST

Minister of State for Finance Arjun Ram Meghwal.

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.

4 Aug 2017 4:42 PM IST

The woman had stolen ornaments and cash worth Rs 3.52 lakh. (Representational Image)

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.

1 Jun 2017 11:53 AM IST

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

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...

30 Dec 2017 4:42 AM IST

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

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 IST