`1,200cr marketing fraud to fore

Several cheated of crores of rupees by company

The Economic Offences Wing (EOW) of the Cyberabad police said that it had busted a New Delhi registered multilevel marketing money circulation scheme that had duped 20 lakh victims from around the country to the tune of more than `1,200 crore.

The police the company was headed by Radhe Shyam, a Class VII dropout.

Police arrested Shyam, chief managing director of Future Maker Life Care Global Marketing Pvt Ltd, and his associate distributor Surender Singh and seized `200 crore from them.

The Future Maker is registered with the Registrar of Companies, New Delhi, and has its head office at Hissar, Haryana.

The scam came to light with a cheating case booked by the Kukatpally police which was later handed over to the EOW which took up the investigation.

Cyberabad police commissioner V.C. Sajjanar said the company had used a binary scheme, under which one person had to enrol two persons. Each of these two persons had to enrol two others and the chain continued.

“They advertised in leading newspapers and lured non-working class sector like housewives, unemployed youth. The joining fee was `2,500 and `5,000 allotted for purchase of clothes and medicines,” he said.

Managing director of Future Maker Life Care Global Marketing Pvt Ltd Radhe Shyam and his associate Surender Singh targeted unemployed youth, housewives and retired employees with the promise of earning part time income.

During investigations it came to light that several men in and around Hyderabad were cheated of crores of rupees by the company. The majority of the victims were from Haryana, Delhi, Madhya Pradesh, Maharashtra and Orissa among other states, said Cyberabad police commissioner V.C. Sajjanar.

“The public is herewith cautioned not to join in any such illegal money circulation schemes by whatever they may approach, be it multilevel-marketing, network marketing, direct marketing, referral marketing, among the other catchy names. Cyberabad police reiterated the eternal fact of human life that there are no shortcuts to earn money or wealth. The general public is hereby advised not to fall prey to the dubious schemes with offers of easy and quick money,” said the official. He said that the general public are advised to take the assistance of local police if they suspect any such activity involving the promise of easy and quick money.

The police advised the public to take the help of local police if they suspect any activity involving the promise of easy and quick money.

Fraudulent firms specifically target women with false claims and lies and if they fall for such promises, they will be exploited.