Why Ponzi schemes never go out of fashion

MUMBAI : If I was a writer with aspirations of serving up a web-streaming series, here’s the storyline that I would propose. Many Ponzi schemes also have a supposed “business model" to make it seem like a legitimate business generating revenues. Rose Valley, a Ponzi scheme which ran for a few years in the early 2010s, primarily in West Bengal, promised an annual return of 11.2% to 17.65%. Around the same time, Saradha, another Ponzi scheme which was popular in West Bengal, offered a similar sort of annual return on its fixed deposits. Many Ponzi schemes these days have some semblance of a business model, so as to make people believe that they are investing in a proper business rather than a financial scheme.