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How These Restaurants Duped Investors of $380,000 With Fake Promises of Lucrative Expansion

As per reports, both restaurants were owned by The Bombay Group (TBG) which had plans to expand at an ambitious rate.

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Explained: How 2 Indian Restaurants Duped Investors Of Rs 3 Crore In US

Bombay Clay Oven and Saucy Bombay, two Indian restaurants in the US state of Colorado have been accused of defrauding investors of $380,000 or Rs 3,16,56,926 by employing deceptive tactics, including "half-truths and lies".

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2 Indian Restaurants In Colorado Duped Investors Of $3,80,000: Officials

Two Indian restaurants in Colorado have duped investors to the tune of USD 380,000, state regulators have alleged and are now seeking to recover the amount from them.

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Fraudulent Activities by Indian Restaurants in Colorado: Officials Report USD 380,000 Loss to Investors

Fraudulent Activities by Indian Restaurants in Colorado: Officials Report USD 380,000 Loss to Investors
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Two Indian restaurants in Colorado duped investors of $380,000: Officials

US & Canada News News: The Colorado division of securities has filed a lawsuit against two Indian restaurants, Bombay Clay Oven and Saucy Bombay. The lawsuit claims that the

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2 Indian restaurants in Colorado duped investors of $380,000: Officials

The two restaurants were owned by The Bombay Group (TBG), which entered into an agreement with securities broker Michael Bissonnette. Both defendants declined offers to discuss the allegations with "BusinessDen", the daily reported.

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How Bombay restaurants duped US investors of Rs 31.5 cr by selling great franchisee dream

According to a lawsuit filed by the Colorado Division of Securities, the owners of Bombay Clay Oven and Saucy Bombay allegedly used "half-truths and lies" to entice investors with ambitious plans for a nationwide expansion. They purportedly spent the investors' USD 380,000 on rent, operational expenses, and Ponzi-like payments, as per a report by the local newspaper "BusinessDen."

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PM mention of Ram temple, appeal to Sikhs, no violation of MCC, EC set to say

PM also assured Sikh community of BJP's support and mentioned development of Kartarpur Sahib Corridor.

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2 Indian restaurants in Colorado duped investors of USD 380K: Officials

2 Indian restaurants in Colorado duped investors of USD 380K: Officials
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2 Indian restaurants in Colorado dupe investors of USD 3,80,000: Officials

2 Indian restaurants in Colorado dupe investors of USD 3,80,000: Officials
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