India, June 3 -- In a startling comeback, the 'Torres' brand is back in business less than 18 months after it scammed 125,000 investors in Mumbai and its Ukrainian masterminds fled the country.

Individuals who had been defrauded have begun receiving phone calls and text messages, tempting them to invest in fresh schemes under the rebranded 'Torres International'.

The 'Torres Jewellery' fraud surfaced in January 2025, when small investors across six jewellery stores in Mumbai, Thane and Navi Mumbai, realised they had been collectively duped of Rs.177 crore. They had been lured to invest on the promise of exaggerated returns and on the purchase of low-value synthetic moissanite stones being sold as high-value gemstones.

Now, the Torres J...