Archive · 23 Aug 2025

IIT Graduate Arrested in Rs 65-Crore Ponzi Scheme

IIT Graduate Arrested in Rs 65-Crore Ponzi Scheme

Imagine someone named Pratik who claimed to be super successful and promised big money returns to people who invested with him.

He pretended to be an IIT graduate and used a fake name, Rohan Menon.

He said he had a company in Dubai.

People invested lots of money, but he was just using their money to pay earlier investors and live a lavish life.

When people wanted their money back, he gave them fake checks.

The police caught him, and it turned out he had been arrested before for doing the same thing.

He had even gotten a fake citizenship to help hide what he was doing.

Now he's facing charges for a big fraud.

Sources