The proprietary (prop) trading scam that first emerged in Surat earlier this year has now spread beyond Gujarat, rapidly morphing into one of the largest unregulated prop funding collapses in recent memory, Moneycontrol reported.

The downfall of Green Wall Enterprises, also known as Greenvol Enterprises, which allegedly acted as an agent of Jainam Stock Broking, is now affecting leveraged traders and investors across multiple cities.

According to market sources, a Greater Noida-based firm, iTrade Associates, run by Darshan Joshi (DJ) and linked to Green Wall, has also folded, leaving an estimated Rs 40 crore of investor funds stranded. News18.com could not independently verify this amount. However, a complaint filed by iTrade Associates with the Surat Police cited losses of Rs 22.06 cror

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