SEBI appeals to MUTUAL FUND DISTRIBUTORS to protect clients from PONZI schemes.

SEBI appeals to MUTUAL FUND DISTRIBUTORS (MFD) to protect clients from PONZI schemes. 

As I have known many in the past, there have been few famous PONZI schemes in *Tamil Nadu in the last 3 years*

1) *Aarudhra Gold:* *Defrauded the public for 2000 cr from 93,000 investors*

2) *Elfin-e-com:* Defrauded 500 Cr from 7,000 investors 

3) *Vellore IFS:* Defrauded 6,000 Cr from 1,00,000 investors
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