mid-day editorial: Don't fall into the net of fraudsters
Updated On: 06 October, 2016 07:37 AM IST | | mid-day correspondent
<p>Ever since this paper highlighted a first-person account of what it was like to almost be duped into joining the QNet scam by the smooth-talking Michael Ferreira, readers’ response has been pouring in</p>
Ever since this paper highlighted a first-person account of what it was like to almost be duped into joining the QNet scam by the smooth-talking Michael Ferreira, readers’ response has been pouring in. While the former world billiards champion is now behind bars, several readers wrote to this paper to ask how they can contact an activist who has been helping the fraud victims – the activist’s work was also highlighted in this paper.
The reports and action on QNet should serve as a warning for people swayed by multi-level marketing and ponzi schemes. Beware the silver-tongued pushers of such schemes, which usually amount to nothing. The top of the pyramid may make money, but the lower levels usually dry out and it is difficult to keep recruiting new members like these schemes demand.
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