The Economic Offences Wing of the Kozhikode Crime Branch has charged Kamal Nath, CEO of Sify Technologies, as an accused in the Amway multilevel marketing fraud case for continuing to provide its services to Amway in spite of receiving a warning letter from the Crime Branch three months ago, reports New Indian Express. The report also states that […]
End of So Called MLM Helping Plans
New Delhi: Lot of so-called helping plans have mushroomed all over India after MMMIndia.in entry. Though now it is a different case that MMMIndia.in is also going though a tough time. May this could be the end of MMMIndia.in. We must not forget that the process of making easy money never stays for long. Recently […]
EOW Mumbai Registered FIR Against 17 People Associated with MMM India, A Scam Of 2000 Crores
Mumbai: The Economic Offence Wing of Mumbai finally registered an FIR against 17 key people associated with MMM India. EOW said that MMM India scam could be of 2000 crores. A per their rough Idea, more than 70000 people are associated with MMM India all across India. After a four-month-long probe, The EOW registered a […]
Sachin Pilot Minister of Corporate Affairs Spoke on Amway Issue
Corporate Affairs Priest Sachin Pilot today pointed out the government will remove as early as possible ambiguities in legislations focussed on tackling deceptive financial investment systems. Pilot’s remarks come in the background of global direct selling firm Amway’s India Chairman William S Pinckney and 2 business Directors being jailed by the Kerala police over allegations […]
MMM India: Alexei Muratov, Dinesh Kotian and Four Other Arrested
GUWAHATI: Alexei Muratov, Danis Rosaov and Andre Kilyn along with Dinesh Kotian, Rimish Balan and Nabajit Das, a local agent were arrested in Guwahati by the local police in connection with MMM India Fraud. Local police of Guwahati booked them under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and sections 120 (B), 406, […]
Liberty Reserve founder arrested in Spain and Website is shut down
Liberty Reserve closed and shut down on Friday by U.S. prosecutors. The investigator charged the operators of Liberty Reserve with money laundering & helping running an unlicensed money transmitting business. Liberty Reserve laundered over $6 billion till date from criminal activities, right from credit-card fraud, identity theft, child pornography and narcotics trafficking.
Amway’s India Chairman & CEO Along with Managing Director Arrested
Amway’s India Chairman and CEO William S. Pinckney (right), Managing Director of Amway India, Anshu Budhraja were arrested on Monday by the The Crime Branch-Crime Investigation Department (Economic Offences Wing) along with two supervisors of the Amway company on their alleged role in facilitating financial abnormalities. Though a local court on Tuesday granted conditional bail […]
Failures & Discovery
Do Something About MMM INDIA & Other Fraud MLM Companies:Kirit Somaiya, BJP leader
The Maharashtra Government is going easy on companies providing ponzi schemes to investors, senior BJP leader Kirit Somaiya has alleged. He stated the Government has actually not learned from West Bengal’s Saradha Group fraud. Companies with similar operations in the State are not being examined by the authorities, he declared. Attending, media conference on Tuesday, […]
Andhra Pradesh CID Press Release Against MMM India
The Criminal Investigation Department (CID) of Andhra Pradesh on Monday cautioned individuals not to invest money or encourage anyone to invest money with scheme christened Mavrodi Mondial Moneybox explaining it as scam. The MMM scheme is advertised by a Russian entrepreneur and financier Sergey Mavrodi, who was earlier jailed by the Russian government on costs […]