Fraudsters

Power Bank App fraud case: ED conducts searches at 14 locations, 3 arrested

The Enforcement Directorate (ED) on Friday conducted searches in as many as 14 premises in Surat SEZ, Ahmedabad and Mumbai in connection with an alleged Power Bank App fraud case

Trai tells telecom operators to block pesky calls, SMSes from telemarketers

Alarmed at the rising pesky mobile calls and text messages by telemarketers, the Telecom Regulatory Authority of India (TRAI) on Thursday

All you need to know about Theranos' former COO Ramesh 'Sunny' Balwani

In what is considered to be one of the biggest frauds in Silicon Valley, Balwani was convicted on all 12 charges in July for his role at Theranos. He has been sentenced to a prison term of 13 years

Fraudsters using villagers' data to open accounts for cyber crimes

Bank account holders need to be careful while sharing their personal details with unknown persons as it has been found that fraudsters open fake accounts in the name of villagers and tribals

Fraudster seeks gifts from officials in Mumbai police commissioner's name

Several persons in the city including junior police officials recently received a fraudulent message seeking digital gift cards "urgently" in the name of Mumbai police commissioner, an official said on Friday. The unidentified person or persons sending WhatsApp messages used police commissioner Vivek Phansalkar's photo as the display picture (DP), he said. The message asked the recipients to send 20 digital gift cards of e-commerce firm Amazon worth Rs 10,000 in total, the official said. City police has warned its officials not to fall for the fraud, he added. "There is something I need you to please do for me urgently as I am currently attending a very crucial meeting with limited phone calls....There are some listed prospect I am presenting them to today. I can't get it done myself due to meetings and i don't have any of my cards with me. How quickly can you arrange these gift cards because I need to send them out in less than an hour. I would provide you with the type of gift ..

Street signs: Traders eye a Nifty breakout, Aether Industries stock & more

Technical analysts say last week's trading range will act as good support and resistance and the next big directional move will depend on which side the index breaks out

Amazon fraud: Two Americans plead guilty in multi-million dollar scheme

Two American nationals have pleaded guilty in a case of multimillion-dollar scheme to manipulate the Marketplace platform of Amazon in which an employee was sentenced to 10 months in prison

Morris Coin scam: At least 1.1 million investors may have been cheated

The companies that were raided include Bengaluru-based Long Rich Technologies, Longrich Global, and Morris Trading Solutions, among others

7 am-7 pm: The business hours of digital fraudsters, says HDFC Bank

65%-70% of cyber frauds happen during banks' business hours since fraudsters want to gain the trust of their victims and sound convincing, said an HDFC Bank executive

'Iron fist needed': Congress slams Centre for 'weakening banking system'

The Opposition party has urged that the Centre handle fraudsters with an 'iron fist'

Indian-American pleads guilty to $24 million Covid-19 relief scheme fraud

An Indian-American man from Texas has pleaded guilty to the charges of $24 million Covid-19 relief scheme fraud, the US Department of Justice has said

Online fraud attempts drop 29% during unlocking period, says study

Such attempts had risen sharply right before pandemic and early part of pandemic by 121 per cent, according to a TransUnion report

How to sniff and dodge financial scams and keep your wealth intact

Here are some tools that will help you detect a scam from a mile away and avoid touching one even with a 10-foot barge pole

Paytm moves Delhi HC claiming telcos not stopping 'phishing' over networks

It has further contended that under the statutory regime it is the telecom companies responsibility to prevent such fraud and deter the fraudsters through blocking and/or financial disincentives

Registry of fraudsters requires a cautious approach, say experts

The initiative, which is at an initial stage of discussion, will protect the good customers and also keep the premiums at a moderate level, they say