A couple from Nuvem, Goa, has been booked by the Goa police for allegedly cheating investors of over Rs 20 crore. The accused promised to invest the investors money in the stock market but failed to deliver on their promises. The couple convinced investors of high returns on a short-term basis, but instead misappropriated the money for personal gain.
Darshan S said he was contacted on Whatsapp and Telegram by a phone number from a foreign location and offered huge returns on investments to carry out tasks assigned by operators.
The Securities and Exchange Commission (SEC) has filed a money laundering complaint against Silverlion Livestock Trading Corp., after it was found to be illegally soliciting investments from the public.