Pyramid schemes rise again in Sri Lanka

sri_lion

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June 15, Colombo: Central Bank of Sri Lanka today warned the Sri Lankan public to keep away from 'pyramid schemes' which are identified as fraudulent and deceptive business models.

According to the new banking act such schemes are pronounced illegal under section 83c of the Banking Act. Furthermore, certain payments and transactions are supposed to constitute offences punishable under the Exchange Control Act and Prevention of Money Laundering Act as well.

It is reported that during last week Police has managed to catch several persons suspected to be involved in such schemes in Kurunegala district.

Source >>
 

mimi1983

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  • May 2, 2007
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    Ohh come on........Not again.....Indeed I would let u know if i come across........

    Our innocent people were hit once by this and again by Seagul.......

    The basic logic to identify such schemes........

    The Golden Rule "These schemes are too good to be true"
     

    CoolCartoon

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    Oct 11, 2006
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    mimi1983 said:
    Ohh come on........Not again.....Indeed I would let u know if i come across........

    Our innocent people were hit once by this and again by Seagul.......

    The basic logic to identify such schemes........

    The Golden Rule "These schemes are too good to be true"


    ya thats the main rule.....

    they offering unbeleivable returns for what u done...
     

    sri_lion

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    CoolCartoon said:
    ya thats the main rule.....

    they offering unbeleivable returns for what u done...

    Its such carefully planned robbery..

    I've seen here in Malaysia those people who run these pyramid thingy, when they come to those marketing meetings and stuff they drive all super cars.. most of them Beemers, Supra, Subaru STI, Benz and they talk about how they got rich and blah.. blah...:rolleyes:

    And all those people dreaming and sigh about getting one of those cars someday just by doing these kind of stuff!! :rolleyes: :lol::lol:

    Where in the real world those rich people do this as a side business while having a main profitable business established already! Ha..ha..ha..:lol::rofl:

    And those suckers who get caught in these scams work their asses off to make them more richer!!! :lol::lol:
     

    CoolCartoon

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    sri_lion said:
    Its such carefully planned robbery..

    I've seen here in Malaysia those people who run these pyramid thingy, when they come to those marketing meetings and stuff they drive all super cars.. most of them Beemers, Supra, Subaru STI, Benz and they talk about how they got rich and blah.. blah...:rolleyes:

    And all those people dreaming and sigh about getting one of those cars someday just by doing these kind of stuff!! :rolleyes: :lol::lol:

    Where in the real world those rich people do this as a side business while having a main profitable business established already! Ha..ha..ha..:lol::rofl:

    And those suckers who get caught in these scams work their asses off to make them more richer!!! :lol::lol:


    ya... there are no easy ways to earn money.....if u keep this in ur mind..u not get caught to these things.

    but in SL now most ppl are so desperate cuz of poor income and higher living cost. so there are big risk ppl to get caughjt to these scams.
     

    sri_lion

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    CoolCartoon said:

    ya... there are no easy ways to earn money.....if u keep this in ur mind..u not get caught to these things.

    but in SL now most ppl are so desperate cuz of poor income and higher living cost. so there are big risk ppl to get caughjt to these scams.

    You are right! that's the main thing....people will try out anything now! SAD SITUATION!!
     

    CjRox

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    Jan 11, 2008
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    They have started as Lotus Marketing.....

    This time as I heard they are trying to sell eco friendly stuff.....

    There are so many sri lankans who suffered due to this BullSh#t....

    Be careful people.....
     

    sri_lion

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    CjRox said:
    They have started as Lotus Marketing.....

    This time as I heard they are trying to sell eco friendly stuff.....

    There are so many sri lankans who suffered due to this BullSh#t....

    Be careful people.....

    Doesn't matter even if they sell "Bana Poth" if the selling method is not acceptable!:frown:
     

    nuwa1

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    Oct 22, 2007
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    Oh is it started again??? this is bu*shit. lot's of people caught to this bcoz for EARN MONEY EASILY & QUICKLY ........ this is very sad .....