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Thousands of Indian investors lose $100m in Falcon Ponzi scheme

Thousands of Indian investors lose $100m in Falcon Ponzi scheme

FILE PHOTO: Indian Rupee notes are seen in this picture illustration taken in Mumbai June 12, 2013. REUTERS/Vivek Prakash/File Photo

Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns, according to a police statement and multiple victims Reuters spoke to.

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