by Smriti Parsheera and Suyash Rai.
Attack of the ponzi schemes
The Saradha Group has gained notoriety in recent weeks with outstanding public deposits reportedly exceeding Rs.200 billion. There was anger and panic. The state government has stepped in with partial redress.
As we watch this saga unfold, there may be another crisis waiting . . . → Read More: Correctly defining the scope of financial regulation so as to block ponzi schemes