By Rishika Sadam, Praveen Paramasivam and Haripriya Suresh HYDERABAD (Reuters) - Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns,

Thousands of Indian investors are struggling to recover nearly $100 million lost in a Ponzi scheme operated by Falcon Invoice Discounting. The company lured investors with promises of up to 22% returns, falsely claiming partnerships with major corporations like Amazon and Britannia.

The Sun spoke with investors from Maryland and Pennsylvania, alleging a widespread, massive Ponzi scheme. They alone gave Rieger more than $300,000 — and they fear other investors gave him much,