Saradha Chit Fund Fraud- Beware of Ponzi Schemes

Charles Ponzi was an infamous American fraudster.

http://en.wikipedia.org/wiki/Ponzi_scheme

Ponzi Schemes basically means paying the Investors unusually High returns not from Profits but from newer and newer investors funds. New victims for paying off old victims.

Even Pyramid Schemes ( many operating in India ) are a variant of Ponzi Fraud Model.

http://en.wikipedia.org/wiki/Pyramid_scheme


How Sudipta Sen's Saradha Chit Fund Worked, please click :-

http://economictimes.indiatimes.com/news/politics-and-nation/saradha-chit-fund-scam-ponzi-schemes-fail-if-no-new-investors-come/articleshow/19721215.cms

How Sudipta blew the Hard Earned Monies of his Investors ,:-

http://www.ndtv.com/article/people/sudipta-sen-the-man-with-three-wives-and-five-houses-357659?ndtv_rhs 


Also , click :-

http://zeenews.india.com/blog/cheat-fund-the-inside-story-of-sudipto-sen-and-saradha-group_6281.html