Tags » Charles Ponzi

Here’s how India’s government unwittingly aids the growth of ponzi schemes

Over the last few years a spate of Ponzi schemes have come to light. These include Sahara, Saradha Chit Fund, Rose Valley Hotels and Entertainment and most recently PACL. 1,515 more words

Analysis

Here’s how India’s government unwittingly aids the growth of ponzi schemes

A spate of ponzi schemes has come to light in recent years. All of them typically involve legal wrangling with regulators, public assurances by company officials that they are being unfairly targeted and every investor will get her money back, and eventually, the inevitable happens—hapless millions are parted with their life’s savings. 1,315 more words

How PACL ran a Rs 50,000 crore Ponzi scheme

So another Ponzi scheme has been busted.
The Securities and Exchange Board of India(Sebi) in an order issued on August 23, 2014, banned Delhi based PACL, from collecting any more money from investors. 1,038 more words

Analysis