Over 3,000 in Mauritius Fall Prey To Alleged Ponzi Scheme on Telegram

A large-scale fraud carried out through the Telegram application has recently been uncovered by Mauritian Police.

This case bears similarities to a potential Ponzi Scheme, with over 3,000 victims already identified.

Two of these victims came forward to the Central Criminal Investigation Department (CCID) at the Central Barracks on Monday, November 13.

In their statements, they alleged falling prey to a scam orchestrated by administrators of a group offering investment opportunities.

However, they claimed that the group was disbanded since last Friday, and they have lost contact with the alleged organisers.

The financial loss is estimated to be around Rs 150 million.

Source: Defi Media