Kashmiri Investors Fall Victim to Ponzi Scheme Promoted by Local Influencers By: Javid Amin Amidst the breathtaking landscapes of Kashmir, a deceptive financial web ensnared investors, siphoning off over Rs 65 crore through a well-orchestrated Ponzi scheme. This article delves into the modus operandi of the scam, its devastating impact, and crucial lessons learned. Preying on Vulnerability: The perpetrators capitalized on the economic vulnerabilities prevalent in the valley, particularly in the wake of a slowdown. Through “investment clubs” and “money doubling schemes,” they leveraged the influence of local social media…
Read MoreA Valley of Deception: Kashmiri Investors Lose Crores in Elaborate Ponzi Scheme
