Wednesday, May 22 2024 | Time 10:25 Hrs(IST)
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States » West


Woman’s journey to expose multi-level marketing scams in India

By Anil Mishra
Panaji, Sep 4 (UNI) Multi-level marketing schemes which are prevalent in the country for over two decades use pyramid and ponzi schemes to con innocent people. These schemes are financial scams which target gullible people on the pretext of offering easy sources of income. Victims wake up too late enabling perpetrators of frauds to make huge profits at their expense.
‘Marauders of Hope' penned by author and senior journalist Aruna Ravikumar is an eye-opener and must-read for all concerned citizens across the country. It dissects multi-level marketing scams, draws why they happened and unfolds remedial measures to stop the cancerous growth of dubious multinational corporations that were quick at feeding off people, hungry to make fast money. The book is about the unconcealed greed of companies and individuals who reap a rich harvest through fraudulent financial schemes that are a recipe for disaster. It is also about political patronage and failure of different regulatory and enforcement authorities to contain illegal forces.
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