Do not get involved in chain marketing businesses

NOB_Do not get involved in chain marketing businesses

NOB-Narayanpet news: District SP Dr. Vineeth, in a statement to the public, said that people should be vigilant about multi-level marketing schemes that are committing fraud with deceptive promises and advertisements. He said that multi-level businesses that cheat people through chain marketing are increasing, and people should not believe promises of earning high profits in a short time by recruiting more agents under them. He urged people to recognize that financial frauds are being committed through chain system marketing businesses, where money is collected from people through such multi-level marketing schemes. The fraudsters lure people with promises of rewards and points for recruiting more agents. He warned that believing such deceptive words and succumbing to greed would result in huge financial losses. Cyber ​​fraudsters are resorting to new methods of fraud. With increased awareness among the public about cybercrimes, cyber fraudsters are now focusing on multi-level marketing, making advertisements through social media platforms like WhatsApp, Telegram, and Facebook in the name of chain marketing businesses, attracting and deceiving innocent people, and causing them financial losses. The SP stated that many people operate multi-level marketing schemes from abroad like a racket, luring innocent people with promises of huge profits, luxury cars, and foreign tours. He warned people not to believe such deceptive promises. He emphasized that if anyone promises high profits in a very short time, it should be understood as a scam, as they will deceive people and swindle their money.  He cautioned that those who become greedy are bound to be cheated. In chain marketing schemes, only those who join first make profits, while all those who join later suffer heavy losses. He advised people not to join such networks and not to attend meetings or conferences organized by the managers of these companies. He urged everyone to be vigilant about false advertisements on social media and warned against downloading suspicious advertisements, web links, or APK files.

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