The Perils of "Get Rich Quick" Schemes: Lessons from the Torres Jewellery Scam

In the quest for financial security and prosperity, many individuals fall prey to the allure of "get rich quick" schemes. These schemes promise rapid wealth with minimal effort, but they often lead to significant financial losses and emotional distress. The recent Torres Jewellery scam in India serves as a stark reminder of the dangers associated with such schemes. The Torres Jewellery Scam: A Case Study The Torres Jewellery scam unfolded in Mumbai, where the company lured investors with promises of high returns on their investments. The modus operandi of the scam was meticulously crafted to exploit the trust and aspirations of the public. 1. The Promise of High Returns Torres Jewellery attracted investors by offering a weekly return of 10% on their investments [1] . This promise of high returns was hard to resist, especially for individuals seeking quick financial gains. The company assured investors that their money would be used to purchase and trade high-value jewelry, ...