The Colorado division of securities has filed a lawsuit against two Indian restaurants, Bombay Clay Oven and Saucy Bombay. The lawsuit claims that the owners, operating under The Bombay Group (TBG), used 'half-truths and lies' to persuade investors to fund their ambitious plans for nationwide expansion. However, the invested funds were allegedly spent on rent, operating costs, and Ponzi-like payments, local newspaper BusinessDen reported.
