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Denver-area Indian restaurant duped investors out of $380K, state says

Saucy Bombay has drawn the scrutiny of state investigators as of late.

Despite its grand plans for expansion, Saucy Bombay has just one location, at 2616 E. Colfax Ave. in Denver. (Justin Wingerter, BusinessDen)
Despite its grand plans for expansion, Saucy Bombay has just one location, at 2616 E. Colfax Ave. in Denver. (Justin Wingerter, BusinessDen)
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State regulators say that a local Indian restaurant with one location used “half-truths and lies” to sell investors on its grandiose plans for a nationwide expansion before spending the $380,000 that shareholders invested on rent, operating costs and Ponzi-like payments.
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