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Nithin Kamath recalls being deceived into a pyramid scheme at 18
short by Medhaa Gupta / on Thursday, 25 June, 2026
Zerodha's billionaire Co-Founder Nithin Kamath recalled being deceived by a multilevel marketing company that turned out to be a pyramid scheme when he was around 18 years old. "If someone tells you...you can make easy money just by introducing others, run. Almost every single one...is a fraud," he said. He added that he spent two years in the company.