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Indian man, 23, arrested in Alabama over Ponzi scam worth $4,00,000

Pathyam Patel, of Gujarat’s Gandhinagar, has been accused of starting to sell securities and collecting money after guaranteeing massive returns

Gandhinagar man held in US for ponzi scam worth $4,00,000 | India News

India News: A 23-year-old man from Gandhinagar has been indicted in a case of ponzi scam worth $4,00,000 in Alabama in the US. The accused, Pathyam Patel, began s

From Anubhav to Saradha: The lessons we learn from ponzi schemes

This article was originally published on September 29, 2015: A series of ponzi schemes, many of which were linked to plantation schemes, including teak plantations, promised investors very attractive returns. How did they work? What was the government's response?

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