People cautioned against Money Circulation Schemes(MCS)

Hyderabad, Aug 14 (UNI) Concerned over the mushrooming Money Circulation Schemes, the Andhra Pradesh Police today urged the public not to fall a prey by enrolling themselves in Multi-level Marketing Companies and Money Circulation Schemes.

A major section of people from different walks of life had been cheated of crores of rupees by such companies which lured them to become rich overnight, the State Economics Wing police pointed out and urged the public to pass on information about such fly-by night companies to the nearest police station and Superintendent of police concerned.

Promoters of money circulation companies trapped middle class people, who were eager to become rich overnight by high profile campaign, Wing Superintendent of Police V C Sajjanar, said in a release here.

Such companies collapsed at some stage resulting in a big loss to those who joined their schemes at a later stage, he said.

In early ninties, money circulation schemes were floated for cash gains and slowly involved themselves in market goods, services, drugs and health care products and pressurising enrolled members to go for repeated buying of products, he added.

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