Indian arrested in 80 million pounds scam in UK

An NRI businessman and two of his British accomplices have been arrested here on charges of duping over 600 people, including celebrities like former cricketer Darren Gough and singer Jerome Flynn,......

Next big Ponzi will be an app

I hope I am proved wrong. However, in all likelihood, the next big Ponzi scheme to be unearthed in a few years from now will be a mobile-based application or app. As smartphones penetrate through......

Ponzi operators to face penalties worth three-times of profits

Operators of illegal money-pooling schemes will soon face penalties of up to three times the profit made by them, as against the current provision of a meagre fine of Rs 1 crore.The capital markets......

Special: The mother of all Ponzi schemes

Bernie Madoff's game got over some time in March 2009. His investment advisory business, Madoff admitted, was a gigantic Ponzi scheme. He had defrauded thousands of high net-worth investors of......

How luxury hotels are surviving the downturn

Next time you go to a star hotel, look closely at the number of flowers -- or even the kind -- in the arrangement on the restaurant table. Or count the number of towels in the bathroom and the......

Images: Mumbai Indians vs Kings XI Punjab

Mumbai Indians all-rounder Dwayne Bravo celebrates after running out Kings XI Punjab batsman Irfan Pathan during the 2009 Indian Premier League in Centurion, on Tuesday. Bravo smashed a quickfire......

US charges Allen Stanford with 'massive' fraud

Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in......