By Rathindra Kuruwita in The Island, June 24, 2023 Those operating pyramid schemes often target particular geographical locations where the financial literacy of the people is low, police spokesman, SSP Nihal Thalduwa says. He said that the CID had recently busted a pyramid scheme called Sports Chain, through which peolpe had been cheated out of Rs 15 billion, and arrested eight people. “This scheme was carried out in Anuradhapura, Polonnaruwa and Kurunegala, and then it…
Posts tagged as “Pyramid”
by Rahul Samantha Hettiarachchi in Daily Mirror on line, Dec 1, 2022 at 10:21 amMany Sri Lankans have fallen prey to a surreptitiously carried out Ponzi Scam run by a purportedly Australian Company Onmaxdt, it is learned. A source at the Onmaxdt scheme said senior Government officials, leading businessmen, Police officers and ordinary people from several areas of the country were among its members and that the ordinary people had even mortgaged their property to…