
68 | Chapter 8
any revenue or prots, the interest (called ‘bonus’)
was obviously being paid from the amount
received from new ‘subscribers’ making it a typi-
cal ponzi scheme. The investigation of the case
revealed that out of 161 investors who were exam-
ined, only one person stated that he used online
gaming service. All the members stated that they
deposited the money attracted by high interest
rates.
At another level, the scheme was violative of
Prize Chit and Money Circulation (Banning) Act,
as the business scheme of the company provided
that the ‘subscribers’ could further enroll more
‘subscribers’ with incentive of an attractive com-
mission ...