<h1>Former advocate arrested for alleged Rs 100 crore Ponzi scheme duping 200 investors with fake algorithmic trading returns</h1> A former advocate has been arrested by the Economic Offences Wing on allegations of operating a Ponzi scheme that induced about 200 investors to deposit nearly Rs 100 crore into entities promoting fixed high returns on purported algorithmic share-market trading. Complaints led to an FIR; investigators allege earlier investor payouts were funded by new investor money, deposits were diverted among group firms, and proceeds partly used to buy land now subject to attachment steps. SEBI had previously warned such guaranteed-return algorithmic schemes as impermissible. Multiple related cases are pending across Delhi, Haryana and Uttarakhand and several accused are absconding.