WinZO Bots to Fintech Fiascos: 5 Corporate Scams Exposed
Antara Bhattacharyya
The WinZO Bot Manipulation Scam: WinZO faced allegations of unfair play as bots reportedly controlled matches, misleading real users and exploiting prize-based gaming for profits.
Paytm Payments Bank Compliance Fallout: Regulatory action exposed severe KYC lapses and unauthorized accounts, sparking chaos in India’s fintech sector and eroding customer trust significantly.
BharatPe Co-Founder Misappropriation Controversy: Accusations of fund siphoning, shell companies, and forged invoices shook BharatPe, triggering leadership disputes and investor alarm across the startup ecosystem.
Zilingo Financial Fraud Accusations: Zilingo’s meteoric rise crashed as allegations of accounting irregularities and inflated financial reporting led to CEO's suspension and investor pullback.
GoMechanic’s “Growth at Any Cost” Scandal: GoMechanic admitted to over-reporting revenues and fabricating financials to attract funding, revealing systemic mismanagement and prompting mass layoffs and restructuring.