Incorrigible attitude of the gullible

Generally speaking, people are incorrigible and they cannot resist the temptation of easy and quick money. That is the weakness on which many fraudulent companies rely on to make fast buck. When some people enquired about the Duck Development Society at Gadval, Mahaboobnagar district, I told them not to fall prey to the false propaganda of that society with easy and quick money. Still, not only they have joined in the scheme but also made others join it. Now, when police started enquiries into the scam, they want to know whether police filed a case against that company. Their worry is about the police case not about the genuineness of scheme and the fraudulent Society. If there is no police case against the Society they would continue to join more people into the scheme. Their attitude to reap the benefits before the company closes shop, is disgusting. They sure know that it is a fraudulent Society and soon it would close shop. Still, they want to be the first to get the benefits and they do not care if the people who joined later lost money or not. The other day, a worried man from Gadval called me to find out whether there is a police case against the company. I patiently told him that it is a fraudulent society and the question is not the police case but people losing money. The Society is promising to repay Rs. 36,000 in 42 days if they paid Rs. 20,000. There is no business on earth which gives that amount of returns. There is no justifiication for the offer. When the police enquired about the scam, I told the Gadval CI Mr Kiran Kumar that if the business is that lucrative they could approach some commercial bank with the project report and the Banks would be happy to extend loan facility to the society. Still, the Soceity prefers to mobilise funds from public which is prohibited under law. No person under whatever pretext is entitled to mobilise funds from public and this is the established law in India. Let us hope people would realise this and keep themselves off from these fraudulent companies.