Saradha scam: Here's how to spot a ponzi scheme

Ponzi schemes thrive in India taking advantage of the lacunae in the policy. Saradha is only the latest to the long list of such con schemes. According to reports there are more such time bombs ticking away, not only in West Bengal, but elsewhere too. In fact, industry sources say, if Kolkata has exploded, can Nagpur be far behind?

While West Bengal Chief Minister Mamata Banerjee is urging people to smoke cigarettes more frequently and help those poor investors reclaim some of their earnings lost in Saradha, here are a few ways to spot a Ponzi scheme.

These are just a few indications which we overlook when greed defeats commonsense.