- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Pyramid scheme and Engineer...
Son of the businessman was riding a bicycle from his fathers business place to home while he was abducted by men came in a hybrid car...
Engineer was in massive debt due to being a leading promoter of pyramid scheme...
Now this is what a pyramid scheme is ..
- yellow knifeTop contributor
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Join date : 2014-03-27
Re: Pyramid scheme and Engineer...
These 6 other people who buy from you, in return should sell this silly product for 6 others..
For example purpose the number is 6 and it can be any other number..
- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
This simple arithmetic, is failed to be understood by an a qualified engineer ?
- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: Pyramid scheme and Engineer...
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: Pyramid scheme and Engineer...
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: Pyramid scheme and Engineer...
- yellow knifeTop contributor
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Join date : 2014-03-27
Re: Pyramid scheme and Engineer...
- yellow knifeTop contributor
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Join date : 2014-03-27
Re: Pyramid scheme and Engineer...
Central Bank of Sri Lanka , publish full page advertisements in news papers educating public about where to put your hard earned money and not to get caught to this kind of schemes, from time to time these schemes become popular...But Why ?
- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
This is what CBSL was doing.. educating general public. Yet the General Public often get caught and finally blame the regulator..
This is not confined to us in SL...Madoff is infamous of having equity related Ponzi Scheme..
- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
It seems there is only a hair line difference between Net Work Marketing and Pyramid scheme and hence we find it difficult to say whether this is Pyramid or this is just net work marketing.
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Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon, Mary Kay Cosmetics and Tupperware, fall under the network marketing umbrella.
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- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
This is not something new.
Money Ladder was popular once and after its bust Gold Quest became popular.
- yellow knifeTop contributor
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Re: Pyramid scheme and Engineer...
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Sunday 11th Jan 2009-Sunday Times
Ferntea to be liquidated |
Ferntea, a Sri Lankan company that went through a crisis after a major stake was acquired by GoldQuest-related companies, has gone into liquidation. The order to wind-up was given by the Colombo District Court last month based on an application for liquidation by Carmel Consolidated Pvt Ltd. Carmel is owned by Jayantha Fernando and its directors include his two children, Christhane and Shyamica. Mr Jayantha Fernando said that soon after GoldQuest, through its representative in Colombo Anura Fernando, purchased Carmel’s stake in Ferntea, Mr Fernando and his two daughters were removed as directors with Anura Fernando taking over as chairman in July 2006. GoldQuest is an international company suspected of promoting pyramid schemes which are banned by the Central Bank. Carmel’s Mr Fernando said the company collapsed after that due to the court cases, other issues and also a cheating case where a Turkish tea buyer Mechmet Peltek complained to the CID that the company owes him Rs 12.1 million. Case no 4407 has been filed against three directors including Mr Anura Fernando in the Colombo High Court. Carmel has also obtained an enjoining order from the District Court barring Goldquest from voting on the shares on the grounds that the shareholdings are illegal. Mr Anura Fernando has since then resigned from the company. |
Sunday January 11, 2009
- Ethical TraderTop contributor
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Re: Pyramid scheme and Engineer...
- chutiputhaTop contributor
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Age : 37
Location : SL