Ponzi schemes

.....“The feature was an eye-opener for the gullible public who get lured by high returns offered by certain finance companies and institutions that were not regulated by the regulatory bodies like the Reserve Bank of India. General public should invest their hard-earned money only on financial institutions like Scheduled and Nationalised Banks, Public Provident Fund, mutual funds, insurance policies and so on, which were all regulated by authorities such as the RBI, the AMFI (Association of Mutual Funds of India), and IRDA (Insurance Regulatory Development Authority) where investments were safe and returns assured.............

Read............