First case of the IMA Ponzi scam registered in Coastal Karnataka is from Udupi

First case of the IMA Ponzi scam registered in Coastal Karnataka is from Udupi

June 20: The first case of the I Monetary Advisory (IMA) Ponzi scam in coastal Karnataka was registered at Udupi.
S K Khadeeja 30, a housewife of Gujjarbettu in Udupi has filed a complaint with cyber police that she invested Rs 50,000 and got duped by the Ponzi scheme. She mentioned that she was informed about the scheme from a friend in Mangalore. She had used NEFT to transfer money to the IMA account, and was promised of getting 3.5 per cent interest rate on her investment per month. She had invested 50000 in December 2018 and after a month, her account was credited with Rs 1,250 and Rs 1,278. However, after that, no more money was received by her.