Tag Archives: investment scam

In a massive financial fraud case, thousands of Indians have reportedly lost nearly ₹870 crore after falling victim to a Ponzi scheme run by Falcon Invoice Discounting in Telangana. The fraudulent investment scheme, which promised short-term returns of up to 22%, lured nearly 7,000 investors since 2021, according to Telangana Police.

A police case has been registered against an Indian Foreign Service (IFS) officer and her husband for allegedly defrauding a Lucknow-based doctor of over ₹64 lakh under the guise of investment. The incident has raised serious concerns about trust and integrity among individuals in esteemed positions.