
64 | Chapter 8
big cities. A large number of victims come from small
towns and semi-urban areas. They are lured by ab-
normally high interest rates. Though such schemes
are nancially not sustainable, fraudulent companies
manage to carry on operations for years by alluring
new depositors and the money so mobilised is partly
used to pay high interest to previous depositors. In
order to create condence in the minds of investors,
such companies maintain a large number of oces
in upscale areas and enter into high visibility busi-
nesses like hotels, resorts, amusement parks, etc. In
some cases, such companies are in media business
running newspaper ...