‘Morris Coin’ Ponzi Scheme Busted: 36-Year-Old Man Arrested in India
Financiers were needed to put a minimum of 15,000 Rupees(approximately $200 )for a “lock-in”duration that lasted a minimum of 300 days; they were assured a per-day minimum return of 270 Rupees(approximately $ 3.70, or 1.85%of the minimum financial investment).