How the Torres Jewelers Scam Lured Investors with Fake Gem Returns

The fraud operated by Torres Jewelers, officially registered as Platinum Hern Private Limited, promised weekly returns of 2 to 9 percent on investments in gold, silver, diamonds and other precious stones. The scheme marketed synthetic moissanite as valuable gems, enticing investors with the prospect of high payouts. A referral‑based bonus of 20 percent for bringing new participants created a pyramid‑like structure. Investigators say the operation relied on misleading advertisements, unrealistic promises, and a promise of an "investment bonus" to sustain the flow of fresh money.