Chain Roop Bhansali ran a Ponzi scheme through his company CRB Capital Markets (CRB Caps) in India. He was born in Rajasthan and raised in Kolkata to a middle class jute trader family. Bhansali had degrees in commerce, chartered accountancy, and other fields. He started his career in financial consultancy in Kolkata before moving to New Delhi, where he was caught overcharging clients and had to leave his job. Bhansali then started CRB Caps, which promised high returns with little risk to investors, but actually used new investors' funds to repay earlier investors, in the fraudulent Ponzi scheme model.

1. Chain Roop Bhansali
CRB SCAM

3. About Bhansali
• Bhansali had his roots in Sujangarh, Rajasthan and
later moved to Kolkata and was raised there.
• He belonged to a middle class jute trader family.
• Degrees : Bachelors in Commerce, Chartered
Accountancy, ACS, Ph.D., MIIA (US) and a Diploma
in Journalism.
• CRB Consultancy.
• Kolkata-New Delhi
• CRB Capital Markets (CRB Caps) and is was converted into a public limited
company.

4. About Bhansali
• Bhansali had his roots in Sujangarh, Rajasthan and
later moved to Kolkata and was raised there.
• He belonged to a middle class jute trader family. He
completed his Bachelors in Commerce and in the
year 1980 he completed his Chartered
Accountancy.
• During this time of his career he opened his own financial consultancy firm
named CRB Consultancy. He was quick in getting business opportunities through
his contacts he had with people in different fields. He used to provide issue
management services to companies in Kolkata.
• Over the years, Bhansali acquired other degrees as well including ACS, Ph.D.,
MIIA (US) and a Diploma in Journalism. Though he made a lot of money, Bhansali
found it difficult to find recognition in Kolkata. So he moved to New Delhi to join
one of the country’s leading registrars of companies. However, when Bhansali
was caught short-charging the registrar’s clients, he had to leave.

5. Ponzi Scheme
• A Ponzi scheme is an investment fraud that
pays existing investors with funds collected
from new investors.
• Ponzi scheme organizers often promise to
invest your money and generate high returns
with little or no risk.

6. List of Ponzi Schemes