Ponzi scheme updates: Vikas was told that the company has got a new scheme for grocery stores. A return of 300% will be given on putting ₹ 50,00,000 in this. Vikas got caught in the web of their words and in May he gave ₹ 50,00,000 in cash to a person of this fake company.

Vikas living in Hauz Khas area of delhi came to know about a pyramid investment scheme. He did not take interest in investing in this scheme at first, but when some people around him said that such a scheme is running across the country and it is a scheme giving great returns. After this, Vikas initially invested ₹ 9000 in a Ponzi scheme. On an investment of ₹9000, he got ₹27000 back in a month. After this development got greedy.

Vikas was told that the company has various investment schemes ranging from ₹ 9000 to ₹ 1,00,00,000. In this, the company invests money in many companies, products and elsewhere. Along with this, Vikas was promised that all the people who invest money at his behest, they will also get returns and Vikas will also get his commission.

After this Vikas fell into this greed. Vikas was told that a new scheme has come to the company for grocery stores. A return of 300% will be given on putting ₹ 50,00,000 in this. Vikas got caught in the web of their words and in May he gave ₹ 50,00,000 in cash to a person of this fake company.

The very next day, he came to know about the action taken by the ED against a company in which it came to know about the confiscation of the company's property and an amount of more than ₹ 700 crore. On hearing this news, Vikas got worried about his ₹ 50,00,000 and asked for documents from the accused for the deposited amount. The company was running a fake investment scheme, so they did not have any such document.

After this Vikas lodged an FIR at Hauz Khas police station. In the investigation of Hauz Khas police Station, it has come to the fore that this company has run away by duping hundreds of people across the country by duping crores of rupees by running a Ponzi scheme across India.

Investigation revealed that the company in which Vikas has invested ₹ 50,00,000 is a fraud. After this, the police have registered a case against two companies and 8 people. The director and agent of the company are also involved in this incident of fraud.

Many people are suspected to be involved in the company's ponzi scheme scam. Companies running ponzi schemes in the country first appoint their agents and lure them that through them the agent will get commission for all the people who invest in the company. Agents keep luring gullible people into fake investment schemes in the greed of commission.