Qadian, Dec. 26 -- The ongoing 'Elite Forum World' scam in Punjab, while yet to erode the trust of its participants, stands in stark violation of Indian law. The insights obtained from the "Ponzi Scheme and Indian Laws" paper, published by the official Social Science Research Network, provide a crucial understanding of the legal framework that governs such fraudulent schemes in India. This legal perspective is essential in comprehending the gravity of the situation and the necessary steps for intervention.

The 'Elite Forum World' is a pure ponzi scheme characterized by paying returns to earlier investors with the capital from newer investors, rather than from profit earned. This model is inherently unsustainable and is considered illegal...