Fraud

Timelines
#FinancialBytes: Five types of credit card frauds to know about

31 May 2020

#FinancialBytes: Five types of credit card frauds to know about

Credit cards play an essential role in our financial lives and are one of the most widely-used cashless payment methods.

Google's 'Scam Spotter' will help you dodge online frauds

28 May 2020

Google's 'Scam Spotter' will help you dodge online frauds

For years, we have been hearing cases of scammers and fraudsters tricking internet users into giving their money or personal details away.

Exporters flee country after cheating 6 banks; SBI files complaint

09 May 2020

Exporters flee country after cheating 6 banks; SBI files complaint

Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.

Techie HACKS into Gurugram-based call center, catches scammers in action

04 Mar 2020

Techie HACKS into Gurugram-based call center, catches scammers in action

In a weird development, a UK-based man has caught a whole team of scammers red-handed.

#NewsBytesWeeklyRecap: Alexa suggests suicide, messaging app spying, WhatsApp fraud, more

29 Dec 2019

#NewsBytesWeeklyRecap: Alexa suggests suicide, messaging app spying, WhatsApp fraud, more

Even as the world celebrated Christmas this week, there were some interesting developments in the sphere of technology.

#FraudAlert: This app by Indian techie spoofs emails, steals money

28 Dec 2019

#FraudAlert: This app by Indian techie spoofs emails, steals money

In a shocking case, a 22-year-old Indian techie, Rupesh Bhandari, has been arrested for developing an app capable of spoofing emails and helping fraudsters steal money.

#FraudAlert: Scammers using QR codes on WhatsApp to steal money

26 Dec 2019

#FraudAlert: Scammers using QR codes on WhatsApp to steal money

Amid a wave of phishing scams, another kind of attack has surfaced on the internet, this time targeting WhatsApp users.

#FinancialBytes: Five types of credit card frauds to know about

04 Dec 2019

#FinancialBytes: Five types of credit card frauds to know about

Credit cards play an essential role in our financial lives and are one of the most widely-used cashless payment methods.

#FraudAlert: Scammers can use your browser notifications to steal money

29 Nov 2019

#FraudAlert: Scammers can use your browser notifications to steal money

Consumer technology has come a long way over the years, but with all the new tricks/features we get, ill-intended scammers also find ways to defraud unsuspecting people, and steal their money.

#FinancialBytes: Lost credit card? Here's what you should do next

24 Nov 2019

#FinancialBytes: Lost credit card? Here's what you should do next

Credit cards are one of the widely-used cashless payment methods because of the convenience they offer.

#TrueStory: Bundles of cash showered from Kolkata building

21 Nov 2019

#TrueStory: Bundles of cash showered from Kolkata building

In a bizarre incident, countless pedestrians and bystanders were seen trying to grab as much scattered cash as possible, after bundles of rupee notes, worth around Rs. 5 lakh, were thrown out of a building on the busy Bentinck Street in Kolkata.

US: Employee scams airline of $785,000 using unique technique

23 Oct 2019

US: Employee scams airline of $785,000 using unique technique

A former employee of the American airline JetBlue could face 20 years in prison for scamming the airline of almost a million dollars.

Goldman VP tricks juniors, steals Rs. 38cr to pay poker-debt

10 Sep 2019

Goldman VP tricks juniors, steals Rs. 38cr to pay poker-debt

On Tuesday, Bengaluru Police arrested a senior executive of Goldman Sachs for allegedly swindling the firm of Rs. 38 crore after incurring losses while playing online poker.

Fraudsters faked CEO's voice using AI, stole Rs. 1.75 crore

03 Sep 2019

Fraudsters faked CEO's voice using AI, stole Rs. 1.75 crore

Artificial Intelligence is a bane to society, but it is not to say that the tech cannot be misused.

MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

20 Aug 2019

MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, has been arrested by the Enforcement Directorate in connection with a Rs. 354 crore bank fraud case, despite multiple attempts to evade arrest.

MP CM's nephew, Ratul Puri, booked in Rs. 354cr fraud

19 Aug 2019

MP CM's nephew, Ratul Puri, booked in Rs. 354cr fraud

The Central Bureau of Investigation (CBI) has booked Madhya Pradesh Chief Minister Kamal Nath's nephew Ratul Puri for committing a Rs. 354 crore bank fraud, officials said yesterday.

What are OTP frauds and how to avoid them

08 Aug 2019

What are OTP frauds and how to avoid them

PM Modi's Digital India push has prompted more and more Indians, even first-time internet users and senior citizens, to opt for digital payments.

PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

07 Jul 2019

PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

Punjab National Bank (PNB) on Saturday said that it has detected a fraud of Rs. 3,800 crore in the non-performing asset (NPA) account of Bhushan Power & Steel Limited (BPSL).

Hrithik Roshan booked in a case of cheating: Here's why

04 Jul 2019

Hrithik Roshan booked in a case of cheating: Here's why

Hyderabad Police has slapped a cheating case against Hrithik Roshan under IPC Sections 406 and 420.

How Indian scammers stole $2 million using Bill Gates' quotes

28 Jun 2019

How Indian scammers stole $2 million using Bill Gates' quotes

Thanks to the Bitcoin boom, Indians have started recognizing the lucrative prospects of cryptocurrencies.

How scammers are using Google Calendar to steal money

24 Jun 2019

How scammers are using Google Calendar to steal money

Scammers have a knack of coming up with nifty ways to con money out of people.

US: Indian student gets 5-year jail over $1mn tech scam

11 Jun 2019

US: Indian student gets 5-year jail over $1mn tech scam

A college student from India, who was interning in the United States, has been sentenced to 60 months in federal prison for running a telemarketing scam.

#FinancialBytes: Lost credit card? Here's what you should do next

21 May 2019

#FinancialBytes: Lost credit card? Here's what you should do next

Credit cards are one of the widely-used cashless payment methods because of the convenience they offer.

Diamond merchant, who bought Modi suit, duped of Rs. 1cr

26 Apr 2019

Diamond merchant, who bought Modi suit, duped of Rs. 1cr

Kamlesh Kevadia, a Surat-based diamond merchant who had bought the famous pinstripe 'name suit' of PM Narendra Modi for Rs. 4.31cr in an auction, was allegedly conned of Rs. 1cr.

What is identity theft and how can you avoid it

15 Apr 2019

What is identity theft and how can you avoid it

With the insane amount of information we share online, it's pertinent to mention the risk of identity theft or the case when a fraudster steals another person's identity to commit fraud on their name.

Rs. 13 crore tax-fraud unearthed by UP-STF, sales tax department

14 Apr 2019

Rs. 13 crore tax-fraud unearthed by UP-STF, sales tax department

The Uttar Pradesh Special Task Force (STF) and the sales tax department have unearthed Rs. 13 crore tax fraud case involving two subsidiaries of a company which carried out the embezzlement by means of bogus invoicing, officials said Saturday.

Four involved in cyber fraud racket arrested by Delhi Police

12 Apr 2019

Four involved in cyber fraud racket arrested by Delhi Police

Recently, Delhi police nabbed Pankaj, Rishabh Saxena, Sujit and Rakesh Kumar, who were allegedly involved in a cyber fraud racket.

Everything to know about the Reliance Jio DTH connection scam

02 Apr 2019

Everything to know about the Reliance Jio DTH connection scam

Just months after the Reliance Jio Tower scam, another sophisticated fraud under the name of "Jio DTH" has come to the fore.

23-year-old caught selling 14 lakh online shoppers' personal information

01 Apr 2019

23-year-old caught selling 14 lakh online shoppers' personal information

A 23-year-old man has been arrested in Greater Noida for holding/selling data of 14 lakh people.

Ameesha Patel accused of Rs. 2.5 crore fraud

29 Mar 2019

Ameesha Patel accused of Rs. 2.5 crore fraud

Bollywood actress Ameesha Patel landed herself in legal trouble after a producer accused her of fraud to the tune of Rs. 2.5 crore.

Watch out! Invisible ads can consume your phone's battery, data

23 Mar 2019

Watch out! Invisible ads can consume your phone's battery, data

If your phone is eating a lot of battery or consuming too much data, there is a good chance that your device might be infected from certain hidden ads.

Restaurant employee clones customers' debit, credit cards, loots Rs. 3.75L

14 Mar 2019

Restaurant employee clones customers' debit, credit cards, loots Rs. 3.75L

An employee of a central Delhi restaurant has been arrested for allegedly cloning debit and credit cards of customers and duping them of nearly Rs. 4L, police said yesterday.

GST fraud worth Rs. 224 crore detected, 8 companies involved

13 Mar 2019

GST fraud worth Rs. 224 crore detected, 8 companies involved

Officials of the Central GST have unearthed an alleged tax fraud of Rs. 224 crore by a group of eight companies, which generated fake invoices worth Rs. 1,289 crore.

#FinancialBytes: Credit or debit card- what is better for you?

11 Mar 2019

#FinancialBytes: Credit or debit card- what is better for you?

Credit and debit cards are two of the most popular cashless payment methods.

Indian-origin man sentenced to 33 months in US-prison over embezzlement

04 Mar 2019

Indian-origin man sentenced to 33 months in US-prison over embezzlement

An Indian-origin man has been sentenced to nearly three years in prison and ordered to pay $2.6 million in restitution for being convicted of mail fraud and embezzlement (theft of employer's funds).

US: 70-year-old Indian-origin man admits to multi-million dollar immigration fraud

22 Feb 2019

US: 70-year-old Indian-origin man admits to multi-million dollar immigration fraud

A 70-year-old man of Indian-origin, Hardev Panesar, living in the US, has admitted to running a multi-million dollar immigration scam that is said to have duped over a 100 people.

US college scam: 30 'students' return home; others remain detained

08 Feb 2019

US college scam: 30 'students' return home; others remain detained

At least 30 'students' from Andhra Pradesh and Telangana, who had been caught up in an immigration racket, have returned to India from the US.

Indians arrested in 'pay-and-stay' scheme plead not guilty in US-court

05 Feb 2019

Indians arrested in 'pay-and-stay' scheme plead not guilty in US-court

The eight Indians, who were recently arrested for recruiting several hundred students mostly from India to stay illegally in the US by enrolling in a fake university, have pleaded "not guilty" before a federal court in Michigan.

Woman Shiv Sena leader cheated of Rs. 9L, 4 booked

04 Feb 2019

Woman Shiv Sena leader cheated of Rs. 9L, 4 booked

A woman Shiv Sena leader has been allegedly duped of over Rs. 9 lakh by four persons in Thane district of Maharashtra, police said today.

US: Indian arrested for stealing Rs. 5.68cr from 400 people

31 Jan 2019

US: Indian arrested for stealing Rs. 5.68cr from 400 people

An Indian has been arrested in the US for stealing at least $800,000 (Rs. 5.68 crores) from over 400 victims, mostly of Indian descent, through a provisional "credit" scheme.