'Sunfeast Infotech' was the name of yet another labyrinth of legally-registered, corporate structures being used to peddle a counterfeit 'income opportunity.'
On this occasion, a classic self-perpetuating, blame-the victim 'income opportunity' racket (based on the crackpot pseudo-economic theory that: endless-chain recruitment + endless payments by the recruits = endless profits for the recruits), was dissimulated behind a dense wall of mathematical mystification combined with the impressive sounding, contemporary, thought-stopping commercial jargon of 'business process off-shore outsourcing.'
In simple terms, the parasitic racketeers behind 'Sunfeast Infotech,' Raja and Vir Kumar (Indian citizens who are currently under arrest in Dubai), lured their ill-informed victims (generally the unemployed) with a step-by-step Utopian plan to achieve total financial freedom, in which unlawful investment payments into a closed-market swindle, or Ponzi scheme, were laundered as 'refundable employment security deposits.' There is now evidence coming to light that the 'Sunfeast Infotech' racketeers also lured Moslem victims, and others with traditional religious beliefs, by steadfastly pretending affinity with them, posing a pious men of faith themselves.
Classically, persons employed by the 'Sunfeast Infotech' racketeers, seem to have had absolutely no idea of what they were really involved in, and they are still in denial of reality. To date, Radhai Gopalkrishan, an ill-informed woman who is laughably described by the mainstream media as 'a Sunfeast Infotech representative,' has kept insisting that all 6000 investors will be refunded, but she cannot say how much money will be required or what exactly Messrs. Raja and Vir Kumar have done with all their so-called 'investors' cash. It seems that many of these victims have been allowed to borrow from traditional financial institutions in order to enter the pay-to-play 'Sunfeast Infotech' game of make-believe. Others have gone to loan sharks, which means that they are in even more trouble.
I will predict that, in order to avoid being held to account in Dubai and to continue to operate their profitable 'income opportunity' racket elsewhere, Raja and Vir Kumar will try to hide behind their attorneys who will steadfastly pretend that their clients are innocent businessmen who are willing to pay back any unhappy investors. In reality, any such move, should be seen as an attempt to obstruct justice. Raj and Vir Kumar are undoubtedly common thieves, and the fact that they will offer to pay back what they have stolen in Dubai, should have no bearing on their case.
The pernicious commercial fairy story explaining the unlawful payments to the 'Sunfeast Infotech' racketeers, was that they were merely a requirement to obtain a future reward from lawful employment, but which actually comprised pointless and unexplained 'typing projects.' Therefore, it beggars belief that employees of traditional financial institutions actually lent money to clients, in the full knowledge of the above. Indeed any banker who sincerely believed that the 'Sunfeast Infotech Income opportunity' was economically-viable, is probably too stupid to be held to account.
In the deluded 'Infotech' victims' (and, apparently, their bankers') minds, the size of the promised unlimited future rewards became seen as being dependent on an (incomprehensible) system of perpetually-expanding, cyclical, monthly commission payments derived from recruiting more and more persons to hand over the (so-called) 'refundable employment security deposits.'
In other words, just like Charles Ponzi and Bernie Madoff, the 'Sunfeast Infotech' racketeers are sociopathic economic alchemists, who cruelly manipulated their victims existing beliefs and instinctual desires, in order to peddle them infinite shares of their own finite money; for, in theory:
the more cash participants handed over to 'Sunfeast Infotech:' the more cash they would eventually be paid out.
the 'Sunfeast Infotech' racket only continued to function, so long as it continued to expand and no victims complained.
Numerous victims of the 'Sunfeast Infotech' racketeers, are beginning to confront reality, whilst others have threatened to commit suicide.
|Anti- 'income opportunity' fraud campaigner, Shyam Sundar.|
Shyam Sundar of the excellent 'Corporate Frauds Watch' has been trying to warn the public about this type of cruel 'income opportunity' fraud, for years. It is, therefore, deeply-ironic that the mainstream media (which is now fearlessly reporting the collapse of the 'Sunfeast Infotech' racket), was previously nowhere to be seen.
Building 4, 6th Floor
P.O. Box 390490
Sheikh Zayed Road
Dubai, United Arab Emirates
Tel: +971 4 4534343
Fax: +971 4 4503535
Sales director's email:firstname.lastname@example.org
National Bank of Ras Al Khaimah (RAK Bank)
Al Hurrair Branch
Lyoness Europe AG - Dubai Branch
Swift Code: NRAKAEAK
Account No.: 0033-338106-061
It is also interesting to note that the essentially-identical 'Income Opportunity' racket known as 'Lyoness,' has also been operating in the Dubai. I would suggest that it might be a very good idea for journalists and law enforcement agents in the United Arab Emirates to investigate the 'Lyoness' racket or contact this Blog, and/or the 'Lyoness Complaints Centre,' for a full, and timely, explanation.
Afolabi Abdulateef Ishola
I should like to thank an anonymous reader for drawing my attention to some alarming evidence which begins to reveal a quasi-religious cultic aspect to the 'Sunfeast Infotech' racket. Apparently, victims are being exhorted by a certain Afolabi Abdulateef Ishola, to pray to 'Almighty Allah' that the company be allowed to resume its previous activities.
Whilst another deeply-deluded adherent of the 'Sunfeast Infotech' fairy story, signing the name, Haydee Naval, says:
Hi everyone out there! Ive heard about the bad news of twist & turns happened with our office & I do hope that soon everything w/ u guys will be alright.
Everyone from my side are hoping to continue your business here in Dubai.
Lets prove to some detractors that we are not a scam as what negatively they think what sunfeast is.
SUNFEAST is a STRONG & BIG company. It will stand no matter how hard obstacles now they are dealing with.
SUNFEAST is OUR FUTURE!!!
GOD Bless MR. RAJA & KUMAR!
Hope to hear from you soon!! We are all here behind you.
David Brear (copyright 2013)