The state where Ponzi schemes thrive, but mutual funds barely exist
For Maibam Nirbuala Devi, financial literacy came too late. Together with her family, she invested ₹48 lakh in a local scheme promising 5% monthly returns—only to find out it was a Ponzi scam. “In channels around here, the ads were about the schemes I invested in,” said Devi, who now faces mounting family tensions over … Read more