Soon after the Rs 3700-crore Noida Ponzi scam has been brought to light, which is said to have duped around six lakh people, another multi-hundred crore Ponzi scam is said to have appeared in Noida. Although this scam is still under investigation, but the fact is the lure of big money not only attracts people to the stock market, but also to the Ponzi and other such fallacious schemes. Saradha Chit Fund scam from West Bengal is a case in point.
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There are hundreds of such schemes thriving in various parts of the country, putting the financial lives of crores of fleeceable investors at risk. Therefore, while scamsters across the world are cashing the ignorance of unsuspecting investors and other people, it makes a sense to take a look at some signs and cautions which can help you spot any pyramid, Ponzi or other such schemes.
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