Check out the podcast below: https://www.smartpassiveincome.com/podcasts/flops-001-the-pyramid-scheme/ Btw, Goa has had its own fair share of pyramid-selling schemes/scams. Teak, mattresses, urban banks (bled by politicians, tolerated when they were close to power, and clamped-down on when they challenged the rulers), "selling" consumer products and so much more.
How many have lost money? Your guess is as good as mine. FN -- FN* फ्रेड्रिक नोरोन्या * فريدريك نورونيا +91-9822122436