Nithin Kamath recalls falling for a pyramid scheme, warns retail investors against 'easy money' promises (opens original article in a new tab)

Zerodha co-founder Nithin Kamath shared his past experience with a pyramid scheme and warned investors about the risks of 'easy money' promises, citing ongoing issues with such schemes in India.

• Nithin Kamath revealed he was involved in a pyramid scheme in his late teens
• Kamath warned against 'easy money' schemes and highlighted the risks of high return promises
• India has over 5,300 pyramid schemes with estimated losses of Rs 10 lakh crore as of 2015