The biggest ponzi scam in the country got revealed with the arrest of Pearls Group CMD Nirmal Singh Bhangoo. Pearls group is known to woo its investors by offering them great returns. It would assure them, that they would be given land in return to their investment. 6 crores of middle class people in the country have got into the web of the company, by investing almost 50,000 crores! But their dream for a home was shattered with the startling revelations. Forget the land, even their investment is now seems to be in peril. The charges against the Pearls group were not new. Securities and Exchange Board of India (SEBI) has made several accusations against the company right in 1998. It has accused the company of a ponzi scam that would be a disaster. A ponzi scam is a fraudulent procedure where the depositors would be paid through the amount collected through fresh deposits. Such initial payments appear to be lucrative and would drag a few more investors who are unaware of a certain disaster. As the investments reach to a maximum level, the company would no more be able to pay them back. But, there is a little bit of hope in the Pearls group case. Thanks to the real estate boom… a mere 5,000 crores worth property purchased by the company were now estimated to yield 1.85 lakh crores at the present market value. With the Supreme Court in favor of selling these properties to repay the investment, victims may now be relieved.