Multi-level marketing schemes have been prevalent in the country for over two decades. These schemes are financial scams fooling gullible people on the pretext of offering easy sources of income.
Victims wake up too late enabling perpetrators of frauds make huge profits at their expense, said Aruna Ravikumar while talking about her book ‘Marauders of Hope.
Addressing the media, she said that the book dissects multi-level marketing scams, dwells on why they happened and recommends remedial measures to stop the cancerous growth of dubious multinational corporations that are quick at feeding off people, hungry to make quick money.
This 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. Using her rich experience as a journalist with the print and electronic media she outlines systemic failures in curbing financial crimes that are destroying the social, psychological and economic well-being of a majority, to fill the coffers of a few.
While launching her book Ravikumar said, “The heart-rending stories of victims and the unfolding saga of misery unleashed by the greed of a few marauders who manipulate individuals, families, societies and nations using them as sacrificial lambs at the altar of greed, moved the journalist in me.
It led to months of painstaking research and interviews that unveiled the mask of the merchants of deception. If it inspires readers to don their thinking caps, the effort may have been well worth it.”