Published 9 days ago

Indian restaurant in Colorado duped investors of $3,80,000: Officials

Summary by India Today

The Colorado Division of Securities has alleged in its lawsuits that a local Indian restaurant called Saucy Bombay raised $380,000 for a nationwide expansion before funnelling the money elsewhere.

0 Articles

All

Left

Center

Right

NDTV

2 Indian Restaurants In Colorado Duped Investors Of $3,80,000: Officials

Two Indian restaurants in Colorado have duped investors to the tune of USD 380,000, state regulators have alleged and are now seeking to recover the amount from them. In a lawsuit, the Colorado Division of Securities has alleged that the owners of Indian restaurants Bombay Clay Oven and Saucy Bombay used "half-truths and lies" to sell investors on their grandiose plans for a nationwide expansion before spending the USD 380,000 that shareholders …

9 days ago·New Delhi, India

Read Full Article

India Today

Indian restaurant in Colorado duped investors of $3,80,000: Officials

The Colorado Division of Securities has alleged in its lawsuits that a local Indian restaurant called Saucy Bombay raised $380,000 for a nationwide expansion before funnelling the money elsewhere.

9 days ago·India

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.