September 17, 2025
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Ponzi scheme: arrest and probe reveal diversion of investor funds and breach of bans on fixed algorithmic returns.
Allegations describe a Ponzi scheme that promised fixed monthly returns via purported algorithmic trading, where early payouts were financed by funds from new investors. Investigators allege misrepresentation, diversion of deposits among Tradecop entities, and misappropriation of proceeds including real property, leading to criminal complaints, an FIR, tracing of the money trail, and steps to attach assets, with multiple related cases registered across jurisdictions.