Ponzi-schemes - Latest News on Ponzi-schemes | Read Breaking News on Zee News

Chit fund scam: Sex workers lose savings in Ponzi schemes

Last Updated: Tuesday, April 30, 2013, 12:56

Dreams of a better life turned into a nightmare for several sex workers in Kolkata`s largest red light district Sonagachi, who lost their lifelong savings in Ponzi schemes which promised to double their money.

Ponzi scam: Govt red-flags over 250 dubious financial transactions

Last Updated: Sunday, April 28, 2013, 14:25

Finance Ministry red-flagged over 250 suspicious banking transactions, most of them related to Multi Level Marketing (MLM) or ponzi schemes and alerted agencies concerned and state governments.