Multi-crore Ponzi scam uncovered in Thane, 4 arrested
The Economic Offences Wing (EOW) of Thane City Police has uncovered a multi-crore Ponzi and investment fraud that duped thousands of investors, primarily working-class individuals, out of their hard-earned money. The scam, run by Phoenix Investments in Dombivli for the past three to four years, promised high returns and initially paid out investors until early...
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