Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Goan men get 517 years jail in Dubai for $200 million scam
short by Krishna Veera Vanamali / on Wednesday, 11 April, 2018
A Dubai court has sentenced two Goans, 37-year-old Sydney Lemos and 25-year-old Ryan de Souza, to 517 years in jail each for cheating thousands in a $200 million Ponzi scheme. Lemos lured investors by promising them 120% returns on a $25,000 minimum investment through his company Exential. Notably, Lemos sponsored Indian Super League franchise FC Goa in 2015.
read more at India.com