The Hindu·3 min read·medium
One held on charges of running Ponzi scheme in Belagavi
T
The Hindu Bureau
✦AI Summary
Police in Belagavi, India, have arrested a promoter of APPEXX Bizcorp LLP for allegedly running a Ponzi scheme that defrauded over 3,000 investors. The company promised high returns on investments in real estate and stocks before misappropriating the funds.
The police have arrested a person on charges of running a Ponzi scheme and duping over 3,000 persons.
businesseconomy
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