Torres Jewellery Scam
The Torres Jewellery scam has left hundreds of investors in shock as promised weekly returns of 11% have suddenly stopped. Crowds gathered outside the Torres Jewellery office in Dadar, Mumbai, demanding their hard-earned money back.
With showrooms in prominent areas like Grant Road, Navi Mumbai, Kalyan, and Mira Road, the company launched attractive investment schemes in February 2024. Investors were lured with promises of moissanite discounts and 6% weekly returns, but the scheme crumbled, leaving people without returns for two weeks.
The company has now blamed its CEO, Tausif Reyaz, for running fraudulent schemes, while the police investigate complaints of cheating. Meanwhile, investors demand only one thing: their principal amount back.
Stay tuned to learn how this alleged Ponzi scheme unfolded and how authorities are taking action.
What are your thoughts on such scams? Share your views in the comments!
( Indian jewellery scam news, Latest Scam in India, Torres Jewellery cheating case, Mumbai Jewellery scam, Scam in India, Indian Scammer )
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