"I hope that Sri Lanka can maintain its vigilance against these scams, despite their false claims about being legitimate 'sales' companies.
"These are not sales companies, but money transfer schemes that require a huge loss rate based on their designs."
Cult Sell
Some analysts have calculated the loss rate of the double-pyramid 'binary compensation' structure used by Goldquest to be as high as 98 percent, indicating that only 2 percent of the participants make money.
Its products are sold through intensive selling meetings where people are repeatedly given the same message until it is ingrained in their brains in a cult-like fashion.
Goldquest's Quest International (QI) group Chief Executive Vijayeswaran Vijayaratnam is said to be held in 'demi-god' status by his