Fraud
A man was duped of Rs 35,000 after downloading a multi-level marketing app on his mobile phone to earn money by buying shares of upcoming movies. The complainant, Shailendra Bhawsar, initially received profit but after sending Rs 35,000, he found that his withdrawal was disabled. He lodged a
Fraud
Luxembourg-based Lagfin, the controlling shareholder of Italian spirits maker Campari Group, is facing a severe setback as Italian tax police have seized assets worth 1.29 billion euros ($1.5 billion) from its shares in Campari Group. The seizure, which was approved by a judge in Monza, is part of
Fraud
The U.S. District Court for the Central District of California has entered a final judgment imposing $25.6 million in restitution and an equal civil monetary penalty against Safeguard Metals LLC and its owner, Jeffrey Ikahn, for operating a fraudulent scheme targeting elderly and retirement-aged individuals. The scheme, which
Fraud
Bankim Brahmbhatt, an Indian-origin businessman, is at the center of a massive fraud investigation, with lenders seeking to recover over $500 million in losses. Accused of fabricating accounts receivable and using fake customer invoices as collateral, Brahmbhatt's alleged scheme has left investors and lenders reeling. The Wall Street
Attorneys general
New York's Attorney General Letitia James is seeking to block a Justice Department investigation into her office's civil fraud case against President Trump, citing the legitimacy of the U.S. attorney in Albany, John A. Sarcone. This is at least the fifth time a Trump-appointed U.
Fraud
In a stunning case of financial deception, Indian entrepreneur Bankim Brahmbhatt and his companies, Broadband Telecom and Bridgevoice, have been accused of forging assets and invoices to secure over $500 million in loans from global lenders. According to a report by The Wall Street Journal, HPS Investment Partners, the private-credit
Fraud
A US-based American investment company, BlackRock, has been allegedly victimized by a massive fraud scheme orchestrated by Indian-origin CEO Bankim Brahmbhatt of a US-based telecom company, Broadband Telecom and Bridgevoice. The scam is said to have involved fabricating accounts receivable that were supposed to be used as loan collateral, resulting
Fraud
Charles "Chuck" Wright, Amos Durham, and Lawson B. Watson, former officials of the Spartanburg County Sheriff's Office, have pleaded guilty to participating in a public corruption scheme that defrauded the county of public funds for years. The scheme involved the misuse of the Sheriff's
Fraud
Prime Minister Muhammad Shehbaz Sharif, in a high-level meeting, directed an international forensic audit of the Pakistan Revenue Automation Limited (PRAL) system after being briefed on a major sales tax fraud that occurred in 2018-19. The meeting was convened to discuss Federal Board of Revenue (FBR) reforms, and the prime
Fraud
U.S. Attorney W. Stephen Muldrow and FBI Special Agent in Charge Devin J. Kowalski announced the indictment of 26 individuals and companies for their roles in a wire fraud and bribery conspiracy to defraud the Puerto Rico Department of Treasury (Hacienda) for more than $3.5 million. The indictment
Fraud
Olivia Warburton, a former director of AP Lifting Gear Company Ltd (APLGC Ltd), has been accused of stealing over £1 million worth of stock. The former director, 60-year-old Christopher Yarnold, and former employee, 54-year-old Sharon Mason, appeared at Wolverhampton Crown Court, where they denied all charges made against them. The
Fraud
Prime Minister Shehbaz Sharif has ordered a forensic audit of the Pakistan Revenue Automation Ltd (PRAL) system to identify institutions, companies, and individuals involved in sales tax fraud. The audit, which will be conducted by an international consultancy firm, follows a Joint Investigation Team (JIT) report that highlighted vulnerabilities in
