Illegal deposit takers: Time for a crackdown?
July 8, 2014 
Recent newspaper reports carried a story on one more financial pyramid scheme, allegedly called ‘Pandora Advertising’ in Tangalle, allegedly modelled on another in Tissamaharama, ‘Luminous Advertising,’ both in the Hambantota District.A pyramid scheme is one by which an unauthorised deposit taker offers high interest rates to gullible depositors, paying off early depositors, with funds deposited by later depositors and at some point decamps with the money.
