💨 Abstract

The Torres jewellery brand, under investigation for a suspected ponzi scheme, promised cars, flats, gift cards, and hampers to attract investors. Hundreds of investors have alleged being duped, and the Mumbai police's Economic Offences Wing (EOW) is investigating. The EOW found a combination of ponzi and multi-level marketing (MLM) schemes, with promoters promising returns of 3-7% per week.

Courtesy: theprint.in