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Kerala Police Filed A Charge Sheet Against Tycoon Empire Fraud

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Finally, a charge sheet was filed Against Tycoon Empire Fraud by a special police team before the Chief Judicial Magistrate’s Court. Police submitted the 1,000-page charge sheet against 50 persons, including directors and promoters of Chennai-based Tycoon Empire International Private Limited for defrauding hundreds of depositors. The charge sheet has been filed against Tycoon Empire International Private […]

SCAM Companies New Updated list

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Multi-level marketing (MLM) companies that engage in fraudulent or deceptive practices are often referred to as SCAM MLM companies. These companies may use aggressive or misleading tactics to recruit new members or sell products and may make unrealistic promises of high returns or financial freedom. To protect consumers from falling victim to SCAM MLM companies, […]

Mizoram Government Launching MLM Company

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It is first time in the history of MLM that a government is prepared to launch an MLM entity. Yes, the government of Mizoram is launching an MLM company for the people.  The launch date is 18th July 2013.  The name of the public company is MIZO Direct Marketing Limited. The business plan is generation […]

Andhra Pradesh Money Circulation Companies Collected Rs 397 cr in Last Two Years

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Visakhapatnam, Andhra Pradesh money circulation business collected massive Rs 397 cr in two years span and shut down the business. People lost big chunk of their hard-earned money in these scam businesses. Lots of professional scamster who guarantee to make one rich overnight, vanish no quicker than they appear with grand ads and bring in lakhs of […]

mmmIndia.in website No longer Opening

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mmmIndia.in website no longer opening. The real cause of shutdown is yet to be known. Though people who are working in the system confirmed that the website is shut down only for the small duration of time. Some of them said that it will start only when the key people who are arrested by Mumbai […]

Visakhapatnam City Police Arrested Sri Chakra Gold Directors

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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– […]

Finance Ministry for Changes in Prize Chits & Money Circulation Act

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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

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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

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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 […]