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Depositers Lose 420 Million In Ponzi Scheme: Pakistan

Depositers Lose 420 Million In Ponzi Scheme: Pakistan


In response to the newest stories, a Karachi-based social media influencer and businesswoman allegedly robbed round Rs 420 million from many Pakistani individuals. It primarily consists of girls by way of a Ponzi scheme.

Pakistani Ladies Robbed By means of Ponzi Scheme

In response to stories, the Karachi-based social media influencer and businesswoman, Sidra Humaid, really ran a month-to-month poll committee system. Everyone knows that it’s an old-age methodology of polling cash generally often called committees. Nevertheless, Sidra Humaid didn’t maintain any written information of depositors/contributors ending the entire scheme in complete fraud.

Humaid is the proprietor of the ‘Day by day Bites’ who allegedly defrauded a whole bunch of her depositors on her social media platform. On her social media account, Humaid stated that she had “no means to repay her committees” to round 200 contributors leaving them in deep shock and disbelief. The very fact is that social media has been abuzz with tales of victims of what many described as a Ponzi scheme for the reason that final week. Many victims even reached out to one another and fashioned WhatsApp teams with the intention to take motion in opposition to Humaid. Studies declare that nobody even had approached the police or the Federal Investigation Company to register the case in opposition to Humaid in a bid to resolve the problem on their very own. Because of this, Ms. Humaid posted on social media:

“Please guys don’t panic. Your cash will probably be returned within the coming months.”

There are various different victims who additionally claimed that they’d misplaced an enormous sum of cash. One in all them acknowledged that he had a dialog with Humaid’s father. Her father stated:

“They’ll solely return the quantity which was transacted in her account…”

Nevertheless, the factor the sufferer used to ship cash immediately into the account of the one that had a slot in that individual month at her behest. Let’s see what occurs subsequent as there’s nonetheless no data concerning the whereabouts of Humaid.

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