Now, the hottest bamboozle of money in this country is the investment plan scam that involves 2 Indian ladies; one of them is Lavitha Suresh. They allegedly swindled more than RM 1 million and cheated 7,000 people out of their hard earned money – the investors of the investment plan. Some sources say close to 10,000 investors were duped. The correct number is unknown.
So, what’s the story behind this Investment Plan scam on Facebook
From what my co-author and I gathered from this case is Lavitha and her aid and abet did kutu on Facebook initially – first money kutu then gold jewelry kutu. After they got a considerable number of customers, Lavitha came up with investment plan and recruited agents, 25 of them, offering a deal, RM 1 – RM 10. So, these agents, if they give RM 1, they will get RM 9 for investors under them, also termed as sub agents/investors. The agents are kutu players themselves and one of them in this case is Darshini Raul, who, since, has been arrested. These agents who are also Facebook kutu people promote this investment plan to kutu players (normal people like you and me) and that’s how, overtime, 7,000 ++ people invested in the investment plan and now standing dumbfounded, having lost their money.
The power to lure these people into investing people into this bogus investment plan is attractive then convincing talk. If you invest and want to retract, these people won’t stop you, giving an impression that they’re genuine which produces a counter productive effect, where the investor end up not retracting. Another factor is them keeping their promise. They pay the doubled up money on time. This increases the investors’ confidence and they will invest more and more. Finally planta than pusuvangge.
Okay, now let’s look at how the investment plan rolled money in. It’s not like Lavitha and her accomplices have millions of money as capital for investing. They rely completely on the investors’ money. They roll the money their investors trusted them by the means of old investors getting returns from new investors. They claim that they invest all the money in wholesale markets/Forex (foreign exchange). But they never did what they claimed. This is what is known as Profzi Scheme – it’s highly volatile.
Apparently, Lavitha escaped to Sarawak. She, has, since, been nabbed. She’s only 23 years old and look at her criminal mind.
Due to this Facebook online scam masterminded by Lavitha, many lives have been ruined. Those agents who are honest are forking out their own money to refund investors. Here’s a screenshot taken from Lavitha’s Facebook, an investor posted to her timeline:
90% of those who were cheated are ladies. Yep, ignorant and innocent ladies vying to make a quick buck fell for this specious investment plan. Their lack of knowledge is the main factor they were so easily cheated.
What accounts as Investment Plan
Money rowling/rolling – roll investors funds with capital intake and interest dividends paid from new investors – amount was not invested at all – simply a chain of MLM – batch in batch out and was given commission on top of that with investors money. The system is destined to collapse sooner or later. Investment plan is also known as pyramid scheme or Profzi Scheme. Refer to the diagram below:
Another truth that you may not know about these money making ventures online is that they are ILLEGAL and AGAINST THE LAW. Even if you have registered your company with SSM, you cannot simply do business related to finance; it requires approvals from government/agencies/Bank Negara. You may do further research on this but it’s NOT EASY to open a legal and certified finance business, they won’t simply give approval. If it’s easy, then yenthe Kuppanum Suppanum can open banks.
In fact, all these online businesses – these sari, Punjabi suits businesses are also illegal because they are not registered with the govt, have no income tax record and don’t pay GST.
So, if you invest in these illegal online finance business, if you are cheated, you can’t move your case legally – law won’t help you. It is best and safest if you put your money in banks or invest in govt approved finance agencies. Although the interest return margin is low, modhalukku mosam ille. If you invest in investment plan on Facebook, mothama nakkitu poidum. Don’t be so greedy and lose what little money you have by investing in these fundamentally flawed investment plan. Be realistic and be wary. Don’t fall for investment plan online promising huge returns like the below. Kadaisileh SENJU BIG TIME! Please take a lesson from the movie Sathurangga Vettai.
Ithu oru whistleblowing pothu nalla arivippu. Keata kelungge, illati pongge!