Bengaluru: Karnataka’s mining baron Gali Janardhana Reddy was arrested here for allegedly shielding the accused in a multi-crore Ponzi scheme, a police officer said on Sunday. “Based on the evidences and statements, Reddy has been arrested and charged with criminal conspiracy,” Additional Commissioner of Police (Crime) Alok Kumar told reporters[Read More…]
Tag: Ponzi Scheme
Mumbai: Cops use ‘Hera-Pheri’ meme to warn against ponzi schemes
Using two photos from Bollywood movie – Hera Pheri, featuring Akshay Kumar, Sunil Shetty and Paresh Rawal, the Mumbai police on Thursday issued warning to citizens as well as fraudsters over fake messages aiming to lure people. Using the meme, cops highlighted the sad reality of believing I Ponzi schemes.[Read More…]