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How These Restaurants Duped Investors of $380,000 With Fake Promises of Lucrative Expansion

As per reports, both restaurants were owned by The Bombay Group (TBG) which had plans to expand at an ambitious rate. ....

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Explained: How 2 Indian Restaurants Duped Investors Of Rs 3 Crore In US

Bombay Clay Oven and Saucy Bombay, two Indian restaurants in the US state of Colorado have been accused of defrauding investors of $380,000 or Rs 3,16,56,926 by employing deceptive tactics, including "half-truths and lies". ....

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Indian restaurant Saucy Bombay duped investors out of $380K, state says

State regulators say that a local Indian restaurant with one location used “half-truths and lies” to sell investors on its grandiose plans for a nationwide expansion before spending the $380,000 that shareholders invested on rent, operating costs and Ponzi-like payments. ....

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Indian restaurant duped investors out of $380K, state says

Saucy Bombay was going to spread from a Republic Plaza food court across the country. It didn’t. ....

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