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The Ponzi playbook in Telangana: built on trust, broken by fraud

Published - January 23, 2026 06:59 am IST Ponzi schemes begin with promises of unusually high, steady returns, backed by visible markers of success. Early payouts fuel word-of-mouth credibility, pulling in new investors. Photo:Illustration by Satheesh Vellinezhi For nearly two years, the money arrived on time, until one January morning it didn’t.

The Ponzi playbook in Telangana: built on trust, broken by fraud

Credit: Thehindu

Key Highlights

  • At the start of 2025, when most people were planning their finances for the year, Shobhan Kumar, a 37-year-old doctor from Hyderabad, saw a longstanding investment collapse.
  • It started with a missed payment, followed by unanswered calls.
  • Within days, the investment that had appeared reliable for nearly two years vanished — taking with it more than ₹1.5 crore, almost all his savings and the sense of financial stability he had painstakingly built over time.
  • Until then, Shobhan had been cautious with money.
  • Like many salaried professionals, he stuck to fixed deposits, recurring deposits and equities.
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Sources

  1. The Ponzi playbook in Telangana: built on trust, broken by fraud

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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