Fake Loans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KUALA LUMPUR: A bank officer lost more than RM200,000 of his savings after he was duped by scammers offering fake loans.

SUBANG JAYA: A syndicate offering fake loans on social media to small businesses has been busted. The group, which had been active for four months before the police caught up with it on March 12, is known to have targeted small business owners needing micro loans ranging from RM200 to RM1,000. Subang Jaya OCPD Asst Comm Abd Khalid Othman said potential clients were made to pay fees regardless of whether they had received the loan or not. He added that seven men and nine women were arrested during a raid at its premises in Puchong Prima that day. “We are still identifying members of the synd...

Thousands duped, confidential details accessed on pretext of fake loans in name of 'Pradhan Mantri Yojana' These fake loans were floated under the banner of central government schemes, the Mumbai Police Cyber Crime division said. advertisement [REPRESENTATIVE IMAGE] File photo of Mumbai Police (Photo Credits: PTI) HIGHLIGHTS Data of thousands of users was compromised, Mumbai Police Cyber Crime division said The racket duped people to the tune of Rs 4 crore, said officials Mumbai Police has busted a racket responsible for duping people by offering fake loans in the backdrop of the Covid-induce...

David Hu of International Investment Group Pleads Guilty to Defrauding Clients and Investors in $100 Million Ponzi-Like Scheme Posted on 02/03/2021 According to the press release, “Audrey Strauss, United States Attorney for the Southern District of New York, announced that DAVID HU, a managing partner and the chief investment officer of the New York-based investment advisory firm International Investment Group (“IIG”), pled guilty today before U.S. District Judge Alvin K. Hellerstein to investment adviser fraud, securities fraud, and wire fraud offenses in connection with an over $100 m...