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| Edited By: dna Correspondent |Source: DNA |Updated: Mar 18, 2018, 02:59 AM IST
Seems the lucrative Ponzi scheme is finally losing its sheen. After luring people with 120% to 240% per annum returns on investment for almost two years, Ponzi schemes are now on the verge of closure.
Following Abhay Gandhi fleeing with investors' money, investors of other Ponzi schemes have now started demanding their money. As a result, the scheme operators are not getting fresh investments while the demand for withdrawal is much higher.
Even the agents, who were earlier offering these schemes proudly, have now discontinued marketing of such products.
"Earlier Abhay Gandhi's Ponzi scheme busted and now, investors with Imtsons Ltd are not getting their money back. Due to this, not only our clients but also our neighbours have lost faith in us.
Therefore, we do not want to do any such thing where we not only stand to lose money but also tarnish our image," said Nizam Shaikh, an agent for 15% per month ponzi scheme.
Ponzi schemes under 15 to 20 brands are highly popular in many other areas of Ahmedabad, including Juhapura, Jamalpur and Sarkhej.
"Forget about new investments. Right now we (agents) are more worried about the money which we have already put in various Ponzi schemes. After Abhay Gandhi and Imtsons cases, we are scared. Instead of bringing fresh investments, we are demanding return for our of investments," an agent of 20% per month Ponzi scheme, Irfan Qureshi said.
Meanwhile, the managing director of Imtsons Ltd, Imtiyaz Saiyed is believed to have been discharged from the hospital. An agent informed DNA that Saiyed will meet the media on Wednesday.
However, Gandhi has been missing for almost a month now. Investors as well as agents of Abhay Gandhi's AISE Capital victims, are even today afraid of filing any complaint or FIR against Gandhi.
If investors in Gandhi's scheme are to be believed, he has fled with around Rs500 crore of investors' money.
"We are tired of searching for Gandhi for the past one month. Even if we file any police complaint, we are afraid of losing our investment forever," said one investor.
