Concern and greed are emotional factors that make an individual blind, foolish, and simple prey. This recognized reality is reiterated by Season 2 of Money Mafia, streaming on discovery+.
The gathering consisting of 4 episodes each lasting half-hour, showcases white collared organised crimes significantly: The IRS Title Centre Rip-off, The Modern Finance Rip-off of Kerala, The Ketan Parekh case, and the Cryptocurrency Fraud.
These scams and frauds made headlines after they've been unearthed a few years up to now. For a lot of who haven’t heard of them, this assortment is educational. Nonetheless for others, the gathering is a reiteration.
The first episode covers the 300 million IRS (US-based Inside Earnings Service) Title Centre Rip-off. There are unusually two models of victims proper here. First, the US residents who've been conned to pay the fraudsters, money claiming to be wonderful taxes, and second the gullible employees of the choice centre who thought they've been doing a noble job of extracting the unpaid taxes.
The second episode highlights the Rs 2,000 crore Ponzi scheme of Modern Finance, a Non-Banking Financial Agency based in Kerala, the place the victims have been left inside the lurch after the promoters of the company absconded.
The third episode unravels the rise and fall of stockbroker Ketan Parekh who manipulated the stock market from 1998 to 2001. All through this period, he artificially rigged prices of certain chosen securities which have been informally often known as Okay-10 shares. Believing that Ketan had a Midas contact, merchants blindly adopted go effectively with till the bubble burst.
The last word episode chronicles the popularity of the model new digital funding Cryptocurrency and the frauds spherical it. It moreover tells us regarding the rise and fall of Amit Bhardwaj, the one that is normally considered the pioneer of cryptocurrency in India. Paradoxically, he’s moreover the autumn man.
This overview is accomplished based on the first two episodes of the gathering, and whereas the gathering appears promising, the telling of these intriguing tales is bland and half-hearted.
The episodes are packaged, like a documentary with; footage from Data and media channels like NDTV, Kairali Data, Pathanamthhitta media, and with opinions from Former Finance Minister of Kerala, an FBI agent, Investigative along with Financial Journalists, Supreme courtroom docket lawyer, Specific Public Prosecutor, Defence Counsel.
Each episode delivers a cursory notion into the shocking and intriguing con pulled over gullible residents. Moreover, all the information given is aggregated from open platforms, and there could also be nothing novel inside the telling. Moreover, credit score are normally not given to the talking heads, thus making the viewers a passive spectator of what they already know with out realizing who’s contributing, the content material materials.
Whole, the gathering is a mediocre documentation of the ‘Money Mafias’.
[embed]https://www.youtube.com/watch?v=XvFgOVvE7ss[/embed]
–By Troy Ribeiro
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