Two India-Based Operators Charged By SEC In Alleged “Guaranteed” Scheme

Mani

Published onNovember 13, 2014

Updated on May 13, 2021

The Securities and Exchange Commission (SEC) announced charges on Tuesday against two India-based operators of offering investment plans providing daily yields ranging between 1.5% and 2%.

The operators allegedly used the “Profits Paradise” website and various social media platforms to detail three investment plans with terms of 120 business days.

SEC cracks down on Profits Paradise scheme

In a press release, the SEC’s Enforcement Division alleged that Pankaj Srivastava and Nataraj Kavuri offered “guaranteed” daily profit as they anonymously...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Two India-Based Operators Charged By SEC In Alleged “Guaranteed” Scheme

SEC cracks down on Profits Paradise scheme

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