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Investor duped of lakhs in ponzi scheme | Report Scams

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activePonzi / Investment SchemePan India

Investor duped of lakhs in ponzi scheme

A man in Bhopal has been booked by local police for allegedly running a ponzi-style investment scheme that promised high monthly returns. Authorities suspect that multiple people across Bhopal and other locations may have been defrauded of crores of rupees, though only a single formal complaint has been registered so far.

State

Multiple States

First reported

April 2026

Agency involved

Police

Status

The accused has been booked and an investigation is underway

The full story

Everything you need to know about this case, in one place.

According to reports, a female athlete filed a complaint stating she invested five lakh rupees after being lured by promises of assured monthly payouts. She reported receiving twenty-one thousand rupees for the first two months before payments ceased entirely. Investigators stated the accused offered vague excuses and later attempted to provide a plot of land instead of returning the invested cash.

Police have registered a case against the accused individual operating from an office in TT Nagar. Authorities are continuing their inquiries into the operation, noting that another individual, identified as an ex-serviceman, is also believed to have fallen victim to the scheme.

Not yet reported: The articles do not mention the exact total number of victims or whether the accused has been arrested.

Where the case stands

The latest position in the reports we read.

The accused has been booked by the police, and investigators are looking into the broader scope of the alleged scam.

Who was affected

Described in general terms; we do not name victims.

Investors in Bhopal and other locations, including a female athlete and an ex-serviceman.

How the scam worked

The method described in the reports.

The accused established an office in TT Nagar to attract potential investors.
Investors were lured with promises of high and assured monthly returns on their funds.
Initial monthly payments were disbursed to gain trust and encourage further involvement.
Payments eventually stopped, after which the accused offered excuses and attempted to substitute cash refunds with real estate plots.

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Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

timesofindia.indiatimes.comOriginal report The Times of IndiaOpens via Google News

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.