‘All our savings’: Indian investors duped out of US$100 million in Ponzi scheme https://t.co/oZFRaShHV2 via @scmpnews
Investors lose $100 million in Ponzi scheme #ARYNews https://t.co/9fI8En40s9
Thousands lose ₹870 crore savings in ponzi scheme promising high returns https://t.co/1j2GDRjODu
A Ponzi scheme has reportedly defrauded thousands of Indian investors out of approximately $100 million (₹870 crore). Victims have claimed that the perpetrators, posing as a well-known U.S. stock trading exchange, promised returns of 500% but subsequently failed to return their investments. The case has drawn attention from law enforcement agencies, highlighting the growing concerns over investment fraud targeting unsuspecting investors.
