 "graph")
Do names like Saradha, Rose Valley, Pan Card, etc ring a bell? These are Ponzi schemes in which Indian investors have lost millions of rupees. To curb this menace, the government tabled the ‘Banning of Unregulated Deposit Schemes Bill, 2018’ in Parliament recently. While the punitive provisions of this legislation will definitely act as a deterrent, investors on their part too need to be able to spot these schemes and steer clear of them.
Spot a Ponzi scheme and avoid it: Ponzi schemes have a few characteristics that the informed investor can spot easily. The first sign is the promise of
