Delhi man arrested for duping 50 people of Rs 2.5 crore in Ponzi scheme

The Delhi Police’s Economic Offences Wing (EOW) arrested a man for duping 50 people of Rs 2.5 crore in a Ponzi scheme.

The Delhi Police’s Economic Offences Wing (EOW) arrested a man on Monday for duping 50 people of Rs 2.5 crore in a Ponzi scheme. He allegedly cheated them by promising regular profits on their one-time investments. According to a complaint lodged by Daulat Ram and other victims, Mohammad Aslam and some of his relatives were running a Ponzi scheme at a shop on Arakashan Road in Paharganj market.