MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी MLM News
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact

MLM scam: One more held at AHMEDABAD

By Ak Sharma | Published on 5:59 PM

Rate this News



AHMEDABAD: Bapunagar police made the third arrest in the multi-level marketing scam where four brothers and their relatives duped people of over Rs 20 crore.

According to city police, Alpesh Vasoya, one of the brothers, was arrested from CTM crossroads on Monday afternoon. “He had come from Vadodara in a bus and was looking for a transport when a team nabbed him. As per his confession, he had fled to Mumbai and was constantly changing location to evade arrest,” police said.

R D Lashkari, inspector of Bapunagar, told TOI that Alpesh is a financial wizard who handled the money of the enterprise. “We are now trying to get the details of the accounts. Earlier, we had nabbed Rakesh and Hitesh Vasoya in the case. The brothers were wanted in a multi-level marketing scam of 2008 where hundreds were duped by the gang,” he said.

Officials said that the Vasoya brothers had started Sai Mitra Mandal in Bapunagar. They had floated a scheme where every member would get prizes ranging from phones to cars every month with a fixed amount deposited every month.

 

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Click to email a link to a friend (Opens in new window) Email
  • Click to print (Opens in new window) Print
  • Click to share on Telegram (Opens in new window) Telegram

Related

Filed Under: MLM News [jetpack_subscription_form title="SUBSCRIBE TO Networking Eye - MLM News " subscribe_text="Sign up for our newsletter and receive news, updates, and the latest alerts." subscribe_button="Sign Me Up" ]

Leave a ReplyCancel reply

LATEST NEWS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know
  • In Hyderabad, scammers involved in Multi-Level Marketing schemes are specifically targeting women and job seekers
  • Elfin E-com’s Absconding Executive, Involved in Multi-Crore Fraud, Apprehended
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable

TRENDING TODAY

  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • Scam Companies
    Scam Companies
  • Police Identified Properties of NMart: Gopal Singh Shekhawat & his Wife Underground
    Police Identified Properties of NMart: Gopal Singh Shekhawat & his Wife Underground
  • Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
    Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
  • Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
    Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
  • ED Files Prosecution Complaint In MLM, Ponzi Scheme Case Against Gold Sukh
    ED Files Prosecution Complaint In MLM, Ponzi Scheme Case Against Gold Sukh
  • Ask Powerful Questions
    Ask Powerful Questions
  • The dream is not that you see in sleep , dream is which does not let you sleep
    The dream is not that you see in sleep , dream is which does not let you sleep
  • QNet Is A scam In India or Legit?
    QNet Is A scam In India or Legit?
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
    Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare

COMMENTS

  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Things to Know Before Investing In MLM
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Direct Selling sector as a retailing medium in India is yet to gain momentum
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Decriminalization of MLM: its Importance and Issues
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable » MLM News on Beware of these MLM companies
  • Rajan Menon on CID taking Interpol help on Speak Asia Alleged Scam

Copyright © 2014–2025 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions