How not to fall for a Ponzi scheme. Here are 5 red flags

Despite increasing awareness and tightening regulations, investors continue to fall for schemes promising eyepopping returns. Even riskaverse senior citizens and homemakers, who are otherwise wary of investing in well-regulated equity funds, find the lure difficult to resist. The recent multicrore IMA Jewels scam is a case in point. Thousands—both rich and poor—saw their life’s savings vanish along with the owner of the firm. The alleged fraud is just one in a long list of cases where investors  .. 

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