Money laundering happens in all most all countries including India. Recently global giant HSBC has been charged for money laundering cases. As per TOI report Indian tax department has served summons to HSBC. In this article we will discuss what is money laundering and how money laundering works in India and abroad. At the end we will also look into some real life money … [Read more...] about How Money laundering works in India and abroad
financial fraud
How pyramid scheme works as financial crime
As the name indicates, pyramid scheme is structured like a pyramid with the initial recruiter on the top of the pyramid. Initial recruiter recruits a second person who needs to invest certain amount to get enrolled. Out of the enrolled money a fixed percentage will be paid to the initial recruiter for having one investor under him. Now the second person will be eligible for … [Read more...] about How pyramid scheme works as financial crime