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Ponzi Schemes News


SEBI warns public against illegal schemes
New Delhi, Jan 6: The Securities and Exchange Board of India has cautioned investors and the general public against entities making false promises of exorbitant returns through schemes being run without regulatory approvals. In a public notice, SEBI observed that ...
What are Ponzi Schemes?
Ponzi schemes are fradulent investment schemes that operate in the large financial world. Named after an Italian Charles Ponzi who moved to the US and sought an arbitrage opportunity in coupons and purchased postal stamps from Italian market at a lower ...
Govt approves proposal to give Sebi more powers
New Delhi: The government on Wednesday approved a proposal to amend Sebi Act for providing more powers to the market regulator to crack down on ponzi schemes. The decision, which will also give Sebi powers to conduct search and seizure ...
Will greedy and gullible investors ever learn?
So, after a brief lull, we have another Ponzi scheme - a scheme that duped two lakh investors and aggregated about Rs 1100 crores. The scale of people duped would put even Harshad Mehta to shame considering that the "Big ...
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