简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:India has been hit by a major Ponzi scheme worth an estimated 6,000 crores. This financial fraud has devastated hundreds of innocent investors.
India has been hit by a major Ponzi scheme worth an estimated 6,000 crores. This financial fraud has devastated hundreds of innocent investors. In India, The CID team raided BZ International Broking Private Limited's offices in Gujarat's Sabarkantha and six other districts.
Police said the firm lured teachers, farmers, and retired government officials with large profits. Police claimed that as part of its initial effort to entice investors, the corporation provided some returns to a large number of them.
The company is accused of using a vast network of agents to entice many people to invest by promising them interest rates that were significantly higher than those offered by traditional banks.
According to the Police, this company obtained about Rs 6,000 crore through illicit means. Police added that as they got to know about the police operation against them. The companys chief executive officer, Bhupendrasinh Parbatsinh Zala, and agents vanished.
The police urged anybody who had been tricked to come forward and lodge complaints.
Why settle for an app that offers limited features when you can have it all? WikiFX is your one-stop shop. It keeps you up-to-date with the latest market news but also empowers you to make informed decisions with its comprehensive broker evaluation tools. Assess a broker's regulatory status, read reviews, and check the broker's reliability & History—all in one place! Visit the WikiFX website now and transform your trading experience.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Beware of smishing scams! FBI alerts on fake parking and toll texts stealing personal info. Learn how to protect yourself from these phishing attacks.
Crypto scammers are evolving fast, using sophisticated tricks to empty investors’ wallets overnight—learn how to protect yourself now.
SEC charges Jonathan Webb for defrauding investors, including low-income cemetery workers, in a $1.7M Forex scam. The settlement includes $400K in penalties.
One of the most cunning tactics fraudsters employ is allowing victims to win at first. But why do scammers take this approach, and how does it work?