I found a crucial story about Amber Rameshchandra Dalal, a chartered accountant based in Mumbai, accused of defrauding over 2,000 investors of ₹1,100 crore. With an average investment of around ₹155 lakh, it is evident that the scheme primarily targeted high-net-worth individuals (HNIs).
The Allure of Ponzi Schemes
Ponzi schemes, named...