Friday, 23 March 2012

Indian-born Kautilya Pruthi is sentenced to 14 years and six months prison, for running Ponzi scheme

Your free-thinking readers will find the following information rather familiar.
A UK court has recently heard how an estimated 700 people were hypnotized by a façade of luxury homes, flashy cars, helicopters and private jets (all secretly paid for with their own money) into giving Indian-born, economic Alchemist, Kautilya Pruthi, an estimated £38 millions over a period of just three years. His victims came from Britain, Hong Kong, Singapore, Thailand, Spain and Australia. They included actors and sports stars. The scam has been reported as being worth £115 millions, but (exactly as in the case of Bernie Madoff) this essentially-meaningless figure, appears only to be based on Kautilya Pruthi's own absurd claims. 
In reality, what has been described as Britain's biggest Ponzi scheme, was nothing more than an age-old fiction peddled as fact. 
One wonders when the authorities are finally going to look beyond the ends of their noses and realize that blame-the-victim 'MLM income opportunity' fraud, is only a more-sustainable, and far larger, version of exactly the same crime.
David Brear (copyright 2012)

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