Visakhapatnam City Police arrested the racketeers of Sri Chakra Gold Farms and Villas (India) Ltd. They took original unregistered agreement papers worth of Rs 27 lakh, besides two automobiles, City Police Commissioner B Sivadhar Reddy informed the media. He stated 3 individuals of Chilakaluripeta-Dasari Aruna, her spouse Dasari Narendra and her brother Nidamanuri Anil Kumar– […]
Kerala Crime Branch Investigation Team Decided to include AMWAY Distributors in the case
Kozhikode: In the recent development of Kerala Amway case the Crime Branch investigation team has decided to include the distributors of Amway. The team who is investigating the case will file the report under money chain scheme business, where they say Amway violated the norms. The Investigation team has also asked the Amway Delhi office to […]
Finance Ministry for Changes in Prize Chits & Money Circulation Act
The department of financial services has proposed modifying the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 to make inducement to individuals for signing up with MLM pyramid, Ponzi or cumulative investment schemes an offence to plug loopholes in money churning tasks of business. The division under the finance ministry has proposed to place a […]
Scratchindia.com Closed & Owners Nowhere to Be Found
This time www.scratchindia.com scamed people in the name of Nano cars. scratchindia.com was run by Prime Advertising & Entertainment. There were giving Tata Nano, Indica Vista, Tata Manza and Tata Aria to people on first come first serve bases. Recently www.scratchindia.com got burst when the new joining rate hit the dead-end rode. Company started their […]
Kerala Police have arrested two persons in connection with a forex racket
Kerala Police have arrested two persons in connection with a forex racket which has duped over 60 investors of several crores of rupees, while, at the same time, employees in Chennai have escaped While the rupee has been grabbing headlines of late, what is little known or reported is that a multi-level marketing (MLM) company […]
Two More Arrested In Connection with MMM India Scam
Mumbai: Two more are arrested in connection with MMM India scam by Mumbai City economic offences wing (EOW). They were arrested on Tuesday from Goa for their alleged mastermind planning behind MMM India. The detained are Mikhail Glukhov (25) and Jennifer Menezes. “The couple was managing the publicity and coordination of the MMM India through internet. […]
The Federal Trade Commission Considering tightening the ground rules on pyramid schemes
The U.S Federal Trade Commission is thinking about tightening up the guideline on pyramid schemes. The FTC is under lot of pressure from the U.S lawmakers and consumer groups to investigate Herbalife, the $5 billion MLM company. The FTC has actually been reluctant to pursue Herbalife, due to the cost of going up against such […]
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Karma has given you a Destiny
Karma has given you a Destiny… But your Attitude…… will Reshape your Destiny!
RBI Warning: Inspect before Depositing Cash with Financial Entities
The Reserve Bank of India has issued an advisory to the public recommending them to thoroughly evaluate their financial investment decisions, consisting of making deposit with NBFCs. The FAQs describe in detail the numerous kinds of monetary entities and the regulations regulating them. They also have detail where members of public can lodge complaints in […]