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How Bombay restaurants duped US investors of Rs 31 5 cr by selling great franchisee dream

According to a lawsuit filed by the Colorado Division of Securities, the owners of Bombay Clay Oven and Saucy Bombay allegedly used "half-truths and lies" to entice investors with ambitious plans for a nationwide expansion. They purportedly spent the investors USD 380,000 on rent, operational expenses, and Ponzi-like payments, as per a report by the local newspaper "BusinessDen."

Two Indian restaurants in Colorado duped investors of $380,000: Officials

US & Canada News News: The Colorado division of securities has filed a lawsuit against two Indian restaurants, Bombay Clay Oven and Saucy Bombay. The lawsuit claims that the

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