Financial fraud involves deceitful practices for monetary gain. It can take many forms, such as embezzlement, insider trading, or Ponzi schemes. Victims often suffer significant losses. Legal frameworks exist to combat such crimes. In India, the Prevention of Money Laundering Act addresses these issues. Awareness and education are crucial in preventing financial fraud. Vigilance can protect individuals and businesses alike.
In recent developments, the Government of India has taken important steps to combat cyber crime linked to mule bank accounts. These accounts, often used for laundering illicit funds,... 
Recently, an important financial scandal involving the Hibox application has emerged, with over 30,000 investors reportedly losing around Rs 1,000 crore. Promoted by various social media influencers, the...