About 15 years ago, I coined the common-sense phrase: 'premeditated, or dissimulated, closed-market swindle,' in order to deconstruct all Ponzi schemes, pyramid frauds, money circulation games, chain-letter scams, etc. However, although a few commentators have used my term (sometimes without attribution), a 'closed-market swindle' is not yet defined in law. That said, it is universally accepted that lying to, or withholding key-information from, people in order to take their money, is fraud which is a form of theft. Common-sense also reveals that, by 'passing any law, but failing to enforce it, has the effect of authorizing the very crime which you are trying to prohibit.'
The lie which is fundamental to all 'closed-market swindles' is that people can earn income by contributing their own money to participate in any alleged 'profitable commercial opportunity' which is secretly an economically-unviable fake, due to the fact that the alleged 'profitable commercial opportunity' has been rigged so that it generates no significant, or sustainable, revenue other than that deriving from its own participants. For more than 50 years, 'Multi-Level Marketing' racketeers have been allowed to dissimulate closed-market swindles by offering endless-chains of victims various banal, but grossly-over-priced, products, and/or services, in exchange for unlawful payments, on the pretext that 'MLM' products and/or services, can then be regularly re-sold for a profit in significant quantities. However, since no gang of 'MLM' racketeers has ever proved that 'MLM' wampum has actually been regularly re-sold to the general public for profit in significant quantities, 'MLM' participants have, in fact, been peddled infinite shares of their own finite money.
In the final analysis, other than their ephemeral external presentations, internally there is no real difference between all closed-market swindles; for any alleged 'opportunity to make money,' wherein (when challenged, and/or rigorously investigated) the promoters are unable to provide independent quantifiable evidence to prove that their alleged 'viable commercial activity' has had any significant, and sustainable, source of revenue other than its own participants, is self-evidently a dissimulated closed-market swindle.
David Brear (copyright 2013)
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'Sunfeast Infotech' was the name of yet another labyrinth of legally-registered, corporate structures being used to peddle a counterfeit 'income opportunity.'
http://gulfnews.com/news/gulf/uae/crime/more-than-6-000-families-hit-in-dubai-s-biggest-scam-1.1181130
http://www.emirates247.com/crime/local/sunfeast-says-every-fil-of-investors-will-be-returned-2013-05-22-1.507353
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.'
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| Ponzi Madoff |
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.
In practise:
the 'Sunfeast Infotech' racket only continued to function, so long as it continued to expand and no victims complained.
http://gulfnews.com/news/gulf/uae/crime/sunfeast-infotech-investors-threaten-suicide-as-payment-deferred-1.1187351
Numerous victims of the 'Sunfeast Infotech' racketeers, are beginning to confront reality, whilst others have threatened to commit suicide.
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| Anti- 'income opportunity' fraud campaigner, Shyam Sundar. |
http://corporatefraudswatch.blogspot.fr/
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.
Lyoness Europe AG - Dubai BranchEmaar Business Park
Building 4, 6th Floor
P.O. Box 390490
Sheikh Zayed Road
Dubai, United Arab Emirates
Tel: +971 4 4534343
Fax: +971 4 4503535
Email: office@lyoness.ae
Building 4, 6th Floor
P.O. Box 390490
Sheikh Zayed Road
Dubai, United Arab Emirates
Tel: +971 4 4534343
Fax: +971 4 4503535
Email: office@lyoness.ae
Sales director's email:raed.salameh@lyoness.ae
Bank account
National Bank of Ras Al Khaimah (RAK Bank)
Al Hurrair Branch
Lyoness Europe AG - Dubai Branch
Swift Code: NRAKAEAK
IBAN: AE650400000033338106061
Account No.: 0033-338106-061
National Bank of Ras Al Khaimah (RAK Bank)
Al Hurrair Branch
Lyoness Europe AG - Dubai Branch
Swift Code: NRAKAEAK
IBAN: AE650400000033338106061
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.
http://cc-lyoness.blogspot.fr
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.
https://www.facebook.com/Sunfeast.Infotech.in.Dubai/posts/378550418929945
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.
https://www.facebook.com/Sunfeast.Infotech.in.Dubai/posts/382901675161486
David Brear (copyright 2013)
Thanks to the Almighty ALLAH, I also took some advance from my company to pay to them for some projects and meanwhile after getting the advance, I heard some ruomors indicating that sunfeast is a scam..I wait till my own satisfaction, And now get the results...Still i hope that May they start there company again just only to pay back the people thier money which they earned by loosing there blood not the sweat..May ALLH help the victems.amen
ReplyDeleteAnonymous - during the course of my research into 'income opportunity' rackets, I have discovered that all the most evil liars and charlatans behind them, steadfastly pretend to represent some superhuman force of absolute righteousness. They then use this unoriginal narrative as the false justification for their crimes.
ReplyDeleteBearing that in mind, I would have a far higher opinion of you, if you demonstrated your intention to do something a little more practical to help the poor victims of the 'Sunfeast Infotech' racketeers, other than appearing on this Blog claiming that you too represent a superhuman force of absolute righteousness, and that you are so important that you have the capacity to persuade this force to intervene.
shut up!!!
ReplyDeleteAnonymous - It is usually the policy of this Blog not to publish thoughtless, puerile and abusive comments without detailed qualification or heavy irony : -
DeleteSo here is some detailed qualification and heavy irony.
You seem to be ignorant of a piece of oriental wisdom which says:-
Sometimes it is better to remain silent and appear to be a fool, than to open your mouth and remove all doubt.
When I politely invited you to do some serious thinking, your childish and arrogant reaction has been to order me not to express my own thoughts.
You would appear to be living in a delusion of your own absolute moral and intellectual authority and, classically, you are unable to see humour in your situation or feel empathy for anyone challenging your delusion.
Dear Mr. Brear,
ReplyDeleteThank you for your article with clear arguments and information.
This business model sounds ridiculously easy to make money with outsourcing activities as typing a pdf, as all pdf readers can detect words anyway to copy and paste them into a Word file.
But what is your opinion about the ongoing Organo Gold Coffee MLM. You have any article about that as well?
Best regards,
Expat.
'Orango Gold Coffee MLM' is yet another 'Amway' copycat - i.e. a self-perpetuating cultic racket, the instigators of which have been peddling a cruel illusion of a future Utopian existence, in the up-dated form of 'total financial freedom.'
Deletehttp://www.krgv.com/news/coming-up-tonight-trouble-brewing-investigation/
I would advise readers to ignore the pretty 'corporate' labels hung over the entrances to all these so-called 'Income Opportunities,' and concentrate on quantifiable reality; for virtually any 'commercial' fairy story can be employed to launder illegal payments into a dissimulated closed-market swindle or pyramid scam (based on the crackpot pseudo-economic theory that endless-chain recruitment + endless payments by the recruits = endless profits for the recruits).
The key-question which always determines whether any alleged 'opportunity to make money' is viable and, therefore, lawful, is:
Where has the bulk of the alleged 'income opportunity's' revenue actually been coming from:
1. an authentic, and sustainable, external source i.e. the regular sale of goods, and/or services, to the general public for a profit (based on value and demand)?
2. the participants in the alleged 'income opportunity' themselves (based on the false expectation of future reward)?
Self-evidently, no one whose critical and evaluative faculties are fully-functioning would want to keep purchasing effectively-unsaleable products, and/or services, from these so-called 'MLM' companies, when the equivalent, and often superior, products, and/or services, can be easily bought from other retail outlets for a fraction of the cost.
This is why I refer to the effectively-unsaleable goods, and/or services, used by 'MLM income oportunity' racketeers to shield their criminal objectives, as wampum, because (from all rational points of view: economic, mathematical, legal, etc. ), apparently banal merchandise like so-called 'Orango Gold Coffee' is actually just another valueless, fake investment-commodity which has been given an artificially-inflated exchange-value in a dissimulated closed-market swindle - the ill-informed victims of which have been peddled infinite shares of their own finite money.
David Brear (copyright 2013)
There's also Qnet (Questnet) which was known as Goldquest earlier. A simple google search will show this is another scam and yet I see a lot of brain washed people running after it and supporting it just like Sunfeast Infotech here.
ReplyDeleteAnonymous - Since the US authorities failed to hold the bosses of 'Amway' to account in the 1970s, the list of legally-registered front-companies for 'Income Opportunity' cultic rackets has been constantly expanding.
ReplyDeleteApart from 'QNet', try Google searching:
'Herbalife'
'Xango'
'Nu Skin'
'Forevever Living Products'
'Lyoness'
'FlexKom'
'USANA'
etc.
Although 'brainwashing' is a popular term, the phenomenon of brainwashing is not defined in, or forbidden by, law, and (for obvious reasons) it tends to be ridiculed by academics co-opted by cultic groups.
However, in accurate deconstructed terms, 'Sunfeast Infotech' and all of the
above copy-cat 'income opportunity' cultic rackets (+ many others) have employed co-ordinated, devious techniques of social, psychological and physical persuasion (variously described as: brainwashing, coercive behaviour modification, covert hypnosis, thought reform, mental manipulation, etc.) in order to shut-down the critical, and evaluative, faculties of their adherents/victims (without their fully-informed consent).
Currently, 'Herbalife' is facing a Securities and Exchange Commission investigation in the USA, and the possibility of a Federal Trade Commission investigation. Predictably, officials working for the US government, have already been bombarded by communications from the current crop of intellectually-castrated 'Herbalife' victims, all whom insist that they have not been defrauded and that they have absolutely no complaint against the company.
Unfortunately, even though the absolute refusal of their victims to face reality is a reality-inverting hallmark of pernicious cults, officials at the US SEC and FTC, have not been qualified to recognize, let alone challenge, pernicious cults dissimulated behind legally-registered companies peddling fake 'income opportunities.'
David Brear (Copyright 2013)
Mr David, I appreciate your expose work on this ponzi schemes which just suck the hard earned money of people and country loose the revenue. I request you to investigate and expose qnet.ae in dubai UAE, as I am realising that it has already recruited around 500 people to spread across the country. I am doing this in public interest at large.
DeleteAnonymous - Please feel free to contact me directly.
DeleteSend your e-mail to:
axiombooks@wanadoo.fr
Please mark it for the attention of Davd Brear.