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Posts tagged as “rural areas”

Pyramid schemes galore in rural areas where financial literacy is low– Police spokesman

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…