Hyderabad: Multi-Level Marketing fraudsters target women and job aspirants
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Hyderabad: The Multi-Level Marketing fraudsters are back in the market and with yet another modus operandi. They are targeting women, specifically home makers and job aspirants luring them with higher returns on investments.
The police have warned citizens, particularly women, to be aware of falling into the trap of these fraudsters and the youth was asked to stay away from such fake schemes, as money does not come for free.
According to the police, owing to the easy trap methods into Multi-Level marketing frauds, the fraudsters have always returned to snare vulnerable people in newer ways possible.
“The most important fact about this fraud system is the new techniques adopted by the fraudsters to get into the minds of their victims,” said an official from the Hyderabad Cybercrime Unit.
However, from time to time the police authorities in Hyderabad, Cyberabad and Rachakonda have been issuing warnings to all the people, especially house wives, young women and unemployed youth about the fraud system. In some instances, women are harassed and sexually assaulted as well.
In the recent past, in a MLM fraud system case, the Miyapur police had arrested a gang of four people who cheated several people.
The masterminds lured people with promise of high returns on investment in their fake scheme. They used to harass the victims to make others join the scheme and once they are completely trapped into the system they also used to exploit the women sexually.
Meanwhile, concerns are also raised over the practice of multi-level marketing companies, which are accused of deceiving people to the tune of lakhs of rupees, in promoting their products extensively.
“The managements of businesses and also celebrities should reconsider aligning with such questionable organisations as official partners and brand ambassadors. It is essential for law enforcement agencies to take appropriate legal action against such firms and put an end to these fraudulent activities,” said an official from Cyberabad.
Advisory:
*Promoters of these schemes float companies with attractive names and start in one area and keep shifting base
*Promoters are aware that the scheme is not practical
*While promoting schemes, they invite celebrities and honour them by organizing parties with fanfare to convince public.
*They give attractive slogans like ‘Work from home’, ‘Work four hours and earn Rs.50, 000 per month’, ‘You are the boss of your business’
* Victims of are mostly poor, middle class women and retired persons
Content retrieved from: https://telanganatoday.com/hyderabad-multi-level-marketing-fraudsters-target-women-and-job-aspirants.
