Sector: 04

Consumer Protection Database

Ponzi, Chit Fund & MLM Scams

Documenting "Get Rich Quick" schemes, fraudulent pyramid structures, and illegal deposit collection that have targeted the hard-earned money of the Indian public.

Survey Fraud

SpeakAsia Scam

₹2,200 crore online survey scam that promised returns for filling fake marketing forms.

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MLM Scheme

QNet MLM Scam

Controversial multi-level marketing company facing numerous allegations of pyramid-style fraud.

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Investment Fraud

Stock Guru Scam

Ulhas Prabhakar Khote duped investors of ₹500 crore promising 20% monthly returns.

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Crypto Ponzi

BitConnect Scam

Global crypto Ponzi; India's ED recovered $200M in ill-gotten funds through tracked digital wallets (2025).

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Crypto Fraud

GainBitcoin Scam

Amit Bhardwaj's $2.7 Billion Ponzi scheme; CBI registered fresh FIRs in late 2024 against promoters.

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Bike Taxi Ponzi

BikeBot Ponzi Scam

ED attached properties worth ₹394 crore in 2025; scam involved fake "Bike Taxi" investment plans.

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Halal Ponzi

Heera Gold Scam

Nowhera Shaikh arrested again in May 2025 for scamming UAE expats; ₹5000cr total fraud value.

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Land Ponzi

Pearls Group (PACL) Scam

₹49,000 crore land-based Ponzi; founder Nirmal Singh Bhangoo passed away in Aug 2024 while in custody.

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Chit Fund

Rose Valley Scam

Estimated ₹15,400 crore fraud across 12 states; one of India's largest unregistered collective investment schemes.

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Plantation Scam

Anubhav Vacations Scam

The "Great Plantation Scam" of the 90s; duped investors of ₹400cr via fake teak plantation returns.

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Trading Fraud

Future Trading Scam

Unregulated firms using "guaranteed high returns" in commodities/forex to lure middle-class savings.

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Bank Fraud

Sterling Biotech Scam

The Sandesara brothers deposited ₹5,111 crore in Dec 2025 to quash criminal proceedings after a decade-long fraud case.

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Coin Ponzi

GoldQuest Scam

A pyramid scheme selling numismatic coins and jewelry, leading to arrests and asset freezes across Southeast Asia.

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MLM Infra

Shine City Infra Scam

Promoter Rashid Naseem declared Fugitive Economic Offender in May 2025; ₹1,000 crore fraud involved MLM-based real estate.

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Recruitment Fraud

SpeakWell Scam

Fraudulent education and training franchises that promised placements to students but siphoned off fees.

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