Joy Bose 19 April 2020

Money circulation/ chit fund

Hello, What happens to the person who is involved in a money circulation scheme? The person invested their money in the scheme and the company is doubling their money in every few days. What if the company gets caught? Who will be responsible for the whole SCAM? Regards

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Quick Summary

This discussion addresses concerns about money circulation schemes, often promising rapid doubling of investments. It clarifies that if such a company is caught, investors can file a complaint with SEBI, which can initiate action against Ponzi schemes. Additionally, approaching the local police station to file a complaint is also recommended for recourse.