Agast Mishra, born in Gorakhpur, India, is widely accused of being the central figure behind one of the largest Ponzi-style investment scams to hit retail investors in recent years. Despite maintaining a clean digital footprint and projecting himself as a highly successful “internationally recognized trader,” multiple reports and complaints now paint a very different picture of his activities.

A Carefully Crafted Image — A Dangerous Illusion

Agast Mishra reportedly marketed himself as a global trading expert, circulating polished promotional content across Internet and social media. Using technical jargon, fake information about himself, and claims of trading expertise, he successfully built a perception of legitimacy — particularly among investors who trusted without verifying his background, trading knowledge, Profit loss statements etc.

The scheme promised 8–10% monthly returns, a classic warning sign of a Ponzi model.

The Rise of the Infinite Beacon Scam

Massive Collapse in April-May 2025

In May 2025, clients complained about not getting returns from investments. Agast Mishra and Others rotated money which lead to multi-crore investment fraud operating under the banner of:

• Infinite Beacon Financial Services
• TRDEZ Investment India Pvt. Ltd.
• Zest AMC
• MasterSynergy and Others

Use of a SEBI-Registered Broker as a Cover:

One of the most deceptive tactics was the use of TRDEZ Investment India Pvt. Ltd., a SEBI-registered brokerage house. His brother Yayati Mishra, Rahul Kalokhe, Gaurav Sukhdeve reportedly listed as a directors here, enabling the scam to appear credible even though Infinite Beacon itself was not registered or regulated.

This regulatory “borrowed legitimacy” fooled thousands of unsuspecting investors.

How the Money Was Collected – A Multi-Layer Trap

Agast Mishra along with Navanath Awatade collected over ₹4,500 crore across rural and semi-urban pockets of India, especially Maharashtra — making it one of the biggest retail investor scams in recent memory.

The fraud allegedly operated through:

1. A Multi-Level Marketing (MLM) Model

They created three levels for agents, Master Franchise, Authorized Franchise Partner, Authorized Business Partner and asked them to make peoples invest so that they will get commission on clients investment/profits. Agents were incentivized with commissions for every new investor they brought in. This created a chain of pressure where:

• Friends brought in friends
• Families convinced relatives
• Entire communities got trapped

This “trusted-face marketing” made the scam spread rapidly.

2. Money Routed Through Multiple Entities

Investors were instructed to deposit money under different names, primarily:

• Infinite Beacon
• TRDEZ
• Master Synergy
• Zest AMC
• Additional associated companies

This fragmentation made tracing the flow of funds significantly harder for law enforcement.

3. Use of Front Directors

Agast Mishra allegedly kept himself in the shadows by projecting other individuals as the face of operations. Names repeatedly mentioned include:

• Navanath Jagannath Awatade
• RAHUL SHAMRAO KALOKHE
• GAURAV DEVIDAS SUKHDEVE
• YAYATI MISHRA
• SACHIN LAXMAN KHADTARE
• Prasad Deshmukh
• PRASAD PRAKASHRAO KULKARNI
• CHETAN DHAR
• Sahil Kale
• Shubham Navanath Awatade
• Several other regional directors and core members

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Crackdown Begins – But the Kingpin Goes Missing

Some agents linked with Infinite Beacon have already been arrested, indicating active local investigations. However Masterminds behind this scam Agast Mishra, Rahul Kalokhe, Gaurav Sukhdeve, Yayati Mishra fled to Dubai well before this scam is exposed. complaints began rising — severely complicating efforts to hold him accountable. Also Infinite Beacon directors trying to suppress this scam by giving bribe to police, appointing expert advocates for them.

Complaints Filed Across Multiple Authorities

Victims have filed grievances with:

• SEBI (via the SCORES portal)
• Cyber-Crime cells
• Local police departments
• Other state-level enforcement units

Despite FIRs, police reportedly continue freezing accounts of investors and agents — while the key masterminds remain untraceable.

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Why So Many Investors Fell Prey to the Scam

This case highlights recurring weaknesses in India’s investment landscape, especially in non-metro regions:

1. “Regulation-Backed” Illusion

Using a SEBI-registered broker (TRDEZ) gave Infinite Beacon a false aura of legality.

2. Community-Based Trust

Rural and semi-urban investors often rely on:

• Personal referrals
• Local agents
• Known members of society

This emotional trust overpowered financial caution.

3. Fake Dashboards & Guaranteed Returns

Investors were shown:

• Unrealistic “profit dashboards”
• Instant payouts in early months
• Assured monthly returns

These classic Ponzi techniques made the scam feel real — until it collapsed.

4. Weak Cross-Border Enforcement

Once operators move funds offshore and flee abroad, recovery becomes extremely difficult, especially when victims lack influential representation.

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The Digital Disappearance

While hundreds of investors face financial ruin, Agast Mishra continues to keep:

• His social media
• Online identity
• Public records

spotless and carefully curated, reinforcing suspicions that this was a calculated long-term deception.

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Action Needed

SEBI, Directorate of Enforcement (ED), Indian Government need to take strict action against Agast Mishra and Infinite beacon, Tredez, Zest AMC directors to save thousands of families.

Conclusion

The Agast Mishra–Infinite Beacon case is a stark reminder of how sophisticated scams exploit regulatory loopholes, community trust, and poor financial literacy. With thousands affected and crores lost, the road to justice will be long and uncertain — especially as the alleged mastermind remains out of reach.

This underlines a critical lesson for every investor in India:
If returns are guaranteed, the risk is guaranteed too. Always verify. Never trust glitter without checking the gold beneath it.