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December 22, 2024

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Highrich Online Shoppe raised Rs 1,157 crore with Ponzi scheme, says ED  Onmanorama

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After an attempt to recruit her as an Arbonne rep, Holly Bagge delves into the dark art of direct selling and what it takes to earn a white Mercedes. "What would you do with an extra $5,000 per month?" she asks us, scrolling through slides of beaming women and infographics on her iPad. My friend and I look at each other in surprise, internally raising our eyebrows. "Uhhh travel, give to charity, buy a llama farm…," we mumble. I never expected to be pitched a business venture – which sounded a lot like a pyramid scheme – while sitting in a Wellington café with a woman I had only just met. "So, what exactly is it that you do?" I ask, sipping my Americano. With a wide smile, she answers my question as if reading from a script. "Toothpaste, shampoo and conditioner are things we buy all the time and will continue to spend money on for the rest of our lives, right?" "Uhhh, yup." "But we don't get any money back from our...

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