<h1>Ponzi schemes findings trigger coordinated criminal and regulatory action against promoters for illegal deposit collection and unauthorized investment schemes.</h1> SFIO concluded several group-run schemes were Ponzi schemes sustained by new subscriptions rather than investment income; found violations including illegal deposit collection and false statements under the Companies Act, unauthorized collective investment schemes subject to securities prosecution, breaches of the Prize Chits and Money Circulation Schemes (Banning) Act, and multiple IPC offences (conspiracy, cheating, misappropriation, falsification). SFIO is sharing its report and evidence with investigative and securities authorities to coordinate prosecutions.