Btw, not this again. The economic offences wing of the Thane Police has filed a chargesheet, and now SEBI has also started looking into the alleged Thane scheme as a possible unregistered Collective Investment Scheme.
There wasn’t any actual investment model from report. The allegation is money from new investors was used to pay older investors while promises of 4 to 5% monthly returns. 
Around 1,246 investors were in the scheme allegedly saw transactions of around 185 crore. So far, about 325 investors have come forward with claims, and more claims still coming.
I swear Ponzi schemes are probably the oldest scam in the market. Doesn’t matter the many warnings SEBI or the police put out, someone always falls for the guaranteed returns story. This never going to end.