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Sibtul Hasan Shah, alias Double Shah (Urdu, Punjabi: ڈبل شاہ; born 3 March 1964-death 30 october 2015), was a scam artist in Pakistan, who gained notoriety by starting and managing a Ponzi scheme. Originally a school teacher and a resident of a lower middle class neighborhood in Wazirabad, he was born in Koloke, a small town of Sambrial Tehsil, in Sialkot District, Punjab. Later on he was convicted and sentenced to 14 years imprisonment. It was reported in the Pakistani newspaper, Jang, that he died in prison on October 30, 2015.
Shah had college degrees and was a science teacher at Government High School, Nizamabad until 2005. After taking a leave from his job, he went to Dubai where he stayed for about six months. Upon his return, he left his job and approached his colleagues and neighbours, asking them to give him their savings, which he would return in double in just 15 days. The first person to trust him was his next-door neighbour who owned a marble business named Javed Marble Factory. He was followed by many of Shah’s colleagues. As promised, their investments were doubled in 15 days.
This was a Ponzi scheme where investors were offered 100% return on their investment in just 15 days, later extended to 70 days. His Ponzi Scheme was at its peak when it was exposed by The Nation Lahore daily in an investigative piece publi