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Million Dollar Indian Cryptocurrency Ponzi Scheme Cracked

Ambidant Marketing and Investment Company is being regarded as a Crypto Ponzi Scheme run by son and father Syed Afaq Ahmed an
Ambidant Marketing and Investment Company is being regarded as a Crypto Ponzi Scheme run by son and father Syed Afaq Ahmed and Syed Fareed.

Ambidant Marketing and Investment Company is being regarded as a Crypto Ponzi Scheme run by son and father Syed Afaq Ahmed and Syed Fareed promised investors of Halal Investments to seek a huge amount of investment from Muslims.

How did the company work?

The company attracted Muslims to invest in the halal business and investments. The investors were promised a huge monthly return of 50% per 100,000 INR. The company used Ulemas (a body of Muslim scholars recognized as having specialist knowledge of Islamic sacred law and theology) for marketing the activities of the company as Halal.
The company used the money invested by people to further invest in cryptocurrencies and gain a massive amount of profit to pay back the investors only some amount out of it.
The company started to grow enormously with the rise of cryptocurrencies while the company never revealed where it earned profits from.

What happened to the investors?

As the company grew further and further, the return on investments was decreased from 50% to 25% to 11% and further to just 9% in the month of January 2018. After this period, the company stopped paying out its investors. From the start up to this time, only a few of the investors became lucky and had doubled their investments ranging from 100,000 INR to 10,000,000 INR and others were left with nothing but losses.

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