Two investors based in India are being charged by the Securities and Exchange Commission for a high-yield investment scheme where investors were exploited through social media. The SEC claims the two investors offered guaranteed daily profits for their investment management company Profits Paradise and claimed investor money would be pooled with other money to be traded on stocks, foreign currency and commodities. The SEC said the guarantees were false and the two investors sought to conceal their identities with false names. Through using social media, the two attracted more than 4,000 visitors a day.
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