Will we never learn?

  Just a few months ago i wrote a blogpost about  such  Ponzi schemes .
 I  blame  the investors  equally as the  perptrators of  such schemes
 if  the  returns are too good to be  true  then  they  are  not  true  and  do not invest in such schemes.

New Delhi: The Central Bureau of Investigation (CBI) has arrested three directors of two ponzi companies in separate cases of allegedly duping people to the tune of over Rs. 620 crore.

In the first case against Infinity Realcon, the CBI has arrested its directors Pranab Mukherjee and Prabir Kumar Mukherjee for allegedly duping the people through lucrative ponzi schemes.

"It was alleged that the accused, in a criminal conspiracy with others, had illegally collected Rs 565 crore from poor investors after fraudulently promising them high returns without any permission from regulatory bodies. In pursuance of that, they allegedly committed cheating and criminal misappropriation of public funds," CBI Spokesperson said.

In a separate case, CBI has arrested Sankar Saha, then Director of PAFL Industries Ltd, a Kolkata-based company.

CBI spokesperson said Saha allegedly collected Rs 60 crore illegally from gullible investors after promising lucrative rates of interest on their deposits.

"They allegedly committed cheating and criminal misappropriation of public funds," she said.

The cases were registered by the agency on the orders of Supreme Court on May 09, 2014 passed against the officials of said private companies.