When greedy, people become stupid !!

 

When greedy, people become stupid !!

 Craving anything is not good. Especially the appetite for getting rich easy. Many people become losers with such cravings. I don’t know why those who hear and read on such frauds , jump into such pits again. One of these scams happened in Chennai recently.  Hijavu Associates in Chennai are the new fraud heroes. Hijau lured the public by offering fifteen percent interest per month on the deposit amount. The first few months ,they were happy lots received the interest on time. And then , the situation changed. No money from the group, only excuses.  When asked by the investors, they said that they will keep it as a top-up and hence they will get more money later. Ah, what a good news!

No more money came in except for adding up the accounts. The fraud was based on money chain. They took more than 360 crores from 1500 people whose names were revealed. Many people who have black money remain silent. There are many Malayalis who worked as part of the company. It was announced that the agent who mobilize a deposit of 1 lakh rupees will be paid a commission of 2000 rupees every month. There are many people who have brought acquaintances into this trap. Malayali organizations were also a part of this. Many made investments by pledging gold and  houses.

The police registered a case against 21 people, including the founding directors of Hijavu, Soundarrajan and his son Alexander. It  is well known that such cases will be in the court for years. Those who lost their hard earned money will not have any consolation except that they will get something back. Definitely ,In some corner India, now another group will be preparing  the ground for a new fraud. Many are ready to fall into the trap too. It is natural for spiders to have victims when they set their webs😀😌