Zuflo coin - The company assures fast multiplication of money.
On the run, the main accused in the multi-crore Crown chit fund scam have floated another company, asking old members to invest in it for getting their lost money back. The new company named Zuflo Coin is the eighth such venture by the Crown management. It proposes to use digital currency for investment. The investors have been asked to send money via cheques, against which they will get a certain value in digital currency. The company assures fast multiplication of money. Six other companies have been banned after the accused looted investors and shut shop. The seventh company was floated in July this year, but pursuit by the Punjab Police discouraged the accused to develop it further. Chit fund companies are banned under the Money Laundering Act of Punjab. Like the seventh company, the eighth, too, has been announced via social media. A conference to attract investors is scheduled for October 28 in Malaysia. Jai Kumar, spokesperson for the Crown Chit Fund Sangharsh Commi...