<p>A city-based company selling wellness products wound up overnight after cheating thousands of investors who were lured by its multi-level marketing. </p>.<p>The Central Crime Branch (CCB) is hunting for N Lazarus Yabes, the CEO of Vevetos Wellness Centre Private Limited, following complaints from several customers. The CCB believes he has fled Bengaluru. </p>.<p>The company, having its offices at the World Trade Centre, Malleswaram, sold a weight loss product, a health drink and a health supplement through pyramid scheme or multi-level marketing and promised high returns within a short time. </p>.<p>Mathikere resident Dhananjaya B (42) was among thousands of people who enrolled as members, according to a senior police officer. Dhananjaya told the police that Yabes and Sam Vijay Praveen, the company’s vice-president, lured him with huge returns. Not only did he enrol, but he also introduced almost 5,000 members to the company. </p>.<p>According to Dhananjaya, Vevetos promised an 8% commission on every member enrolled but stopped paying three weeks ago. The commission was paid by a company branch located in Neelasandra. His phone calls to the CEO and other executives went unanswered. When he visited the company’s office, he found it locked. He subsequently filed a police complaint. A CCB officer confirmed that the company’s office was locked. </p>
<p>A city-based company selling wellness products wound up overnight after cheating thousands of investors who were lured by its multi-level marketing. </p>.<p>The Central Crime Branch (CCB) is hunting for N Lazarus Yabes, the CEO of Vevetos Wellness Centre Private Limited, following complaints from several customers. The CCB believes he has fled Bengaluru. </p>.<p>The company, having its offices at the World Trade Centre, Malleswaram, sold a weight loss product, a health drink and a health supplement through pyramid scheme or multi-level marketing and promised high returns within a short time. </p>.<p>Mathikere resident Dhananjaya B (42) was among thousands of people who enrolled as members, according to a senior police officer. Dhananjaya told the police that Yabes and Sam Vijay Praveen, the company’s vice-president, lured him with huge returns. Not only did he enrol, but he also introduced almost 5,000 members to the company. </p>.<p>According to Dhananjaya, Vevetos promised an 8% commission on every member enrolled but stopped paying three weeks ago. The commission was paid by a company branch located in Neelasandra. His phone calls to the CEO and other executives went unanswered. When he visited the company’s office, he found it locked. He subsequently filed a police complaint. A CCB officer confirmed that the company’s office was locked. </p>
