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This Jewellery Store's Gold Scheme Is a Big Scam: 1.25 Lakh People Already Lost Money
Original: 🔴 ఈ బంగారం Shop లో Gold Scheme Is A Big Scam | Already 1లక్ష 25వేల మంది నష్టపోయారు | #gold
Takeaway
Jewellery 'weekly bonus' schemes promising 5-7% recurring payouts are Ponzi structures - they have already cost 1.25 lakh customers Rs.1,000+ crore.
Summary
- Investigates a Mumbai jewellery store scam where customers were promised 52 weekly cash bonuses on top of their gold purchase, marketing the scheme as 'we pay our customers instead of celebrity brand ambassadors'.
- Bonus slabs: diamond buyers Rs.6.7-25 lakh got 6%; Rs.25-85 lakh got 6.5%; Rs.85 lakh+ got 7% - i.e. on Rs.85 lakh a buyer would get Rs.59,500/week (~Rs.30.4 lakh/year).
- Even moissanite buyers as low as Rs.8,000 got 5.2% bonuses, deliberately broadening the victim base.
- Structure was effectively a Ponzi/MLM scheme dressed up with jewellery flavour; over 1.25 lakh customers and Rs.1,000+ crore are believed lost.
- Host urges viewers to share the warning with family and treat any 'guaranteed weekly returns' jewellery scheme as a red flag.
Gold ScamPonzi SchemeJewellery SchemeFraud Awareness
Original description
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In this video, I uncover the shocking Torres Jewellery scam that defrauded over 125,000 victims in India. Promising extraordinary weekly returns and luxury gifts, this Ponzi scheme lured middle-class investors like Pradeep Kumar, a vegetable vendor, into investing their savings—and even loans—into worthless Moissanite jewellery.
Learn how the masterminds combined jewellery sales with multi-level marketing to exploit emotional trust and greed, leaving families in financial ruin. Watch now to understand the scam, its devastating impact, and how to protect yourself and others from falling prey to similar schemes. Stay informed and safeguard your hard-earned money!
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00:00 Story
05:02 About torres jewellers
07:50 The schemes of torres jewellery
12:28 The truth of the schemes
14:54 The masterminds behind the scam