Tag: Ponzi schemes in India
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HORRIFYING: 13 Deaths Linked To West Bengal Ponzi Schemes, Hindustan Times Reports
The Hindustan Times, a newspaper in India, is reporting that 13 deaths have been linked to Ponzi schemes operating in the West Bengal region. The most recent death involved a man found hanging from a tree yesterday, the paper reported. “As many as 12 people have committed suicide, and a director of a Ponzi scheme…
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TIMES OF INDIA: Accused Ponzi Schemer Allegedly Became Target Of Kidnapping Plot And Was Held By ‘Armed Men’
The Times of India is reporting that accused Ponzi schemer Imtiyaz Hussain Saiyad allegedly was kidnapped by three people who wanted their money back and “held for over a week” by “armed men” before being rescued by police. Such schemes are not unprecedented in scam land. The PP Blog reported in February 2010 that three…