Fraudulent Multi-level marketing companies use pyramid and ponzi schemes to con innocent people.
These schemes are banned under the PCMCS (Banning) Act, 1978.
Over the past two decades these fraudulent firms made 7 lakh crore in India alone.
The commission and enrollment based model allows only those at the top of the pyramid to make millions at the cost of several millions at the base.
Impossible dreams are sold by aggressive marketing techniques to gullible sections of society.
Broken trust, relationships and economic ruin are all that most people are left with.
The lure of quick bucks and the great life have ensnared many gullible and unsuspecting victims across the world making them raw material for conmen.
- Aruna Ravikumar