Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns, according to a police statement and multiple victims Reuters spoke to.

The Sun spoke with investors from Maryland and Pennsylvania, alleging a widespread, massive Ponzi scheme. They alone gave Rieger more than $300,000 — and they fear other investors gave him much,

Thousands of investors have lost around ₹870 crore ($100 million) in a Ponzi scheme by Falcon Invoice Discounting. Police have arrested two, but the scheme's founder is on the run, leaving victims uncertain about their life savings.