‘Money Mafia Season 2’: A promising series cursorily told (IANS Review Rating: **)

Money Mafia Season 2': A promising series cursorily told (IANS Review Rating: **)
Money Mafia Season 2': A promising series cursorily told (IANS Review Rating: **)

By Troy Ribeiro
Series: “Money Mafia Season 2” (Streaming on ‘discovery+’); Duration: 30 minutes.

Director: Sajeed A.

Cast: Prakash Inchathanam, Manoj V. George, Suhel Daud, Nishikant Karlikar, Shishir Hiray, Vikram Chavan, Nidheesh, Thomas Issac.

IANS Rating: **

‘Money Mafia Season 2’: A promising series cursorily told (IANS Review Rating: **). Fear and greed are emotional issues that make a man blind, foolish, and easy prey. This known fact is reiterated by Season 2 of Money Mafia, streaming on discovery+.

The series consisting of four episodes each lasting 30 minutes, showcases white collared organised crimes namely: The IRS Call Centre Scam, The Popular Finance Scam of Kerala, The Ketan Parekh case, and the Cryptocurrency Fraud.

These scams and frauds made headlines when they were unearthed a few years ago. For those who have not heard of them, this series is educational. But for others, the series is a reiteration.

The first episode covers the three hundred million IRS (US-based Internal Revenue Service) Call Centre Scam. There are strangely two sets of victims here. First, the US citizens who were conned to pay the fraudsters, money claiming to be outstanding taxes, and second the gullible employees of the call centre who thought they were doing a noble job of extracting the unpaid taxes.

The second episode highlights the Rs 2,000 crore Ponzi scheme of Popular Finance, a Non-Banking Financial Company based in Kerala, where the victims were left in 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. During this period, he artificially rigged prices of certain chosen securities which were informally referred to as K-10 stocks. Believing that Ketan had a Midas touch, investors blindly followed suit till the bubble burst.

The final episode chronicles the popularity of the new digital investment Cryptocurrency and the frauds around it. It also tells us about the rise and fall of Amit Bhardwaj, the man who is often considered the pioneer of cryptocurrency in India. Ironically, he is also the fall guy.

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This review is done based on the first two episodes of the series, and while the series appears promising, the telling of these intriguing tales is bland and half-hearted.

The episodes are packaged, like a documentary with; footage from News and media channels like NDTV, Kairali News, Pathanamthhitta media, and with opinions from Former Finance Minister of Kerala, an FBI agent, Investigative as well as Financial Journalists, Supreme court lawyer, Special Public Prosecutor, Defence Counsel.

Each episode delivers a cursory insight into the shocking and intriguing con pulled over gullible citizens. Also, all the information given is aggregated from open platforms, and there is nothing novel in the telling. Moreover, credits are not given to the talking heads, thus making the audience a passive spectator of what they already know without knowing who is contributing, the content.

Overall, the series is a mediocre documentation of the ‘Money Mafias’.

Source: IANS

Next Story

Share Market Closing Bell: Market ends marginally lower amid volatility

Share Market Closing Bell: Market ends marginally lower amid volatility

Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India


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