Jaipur based Tulip Global reportedly has duped over 30 lakhs investors on promise of providing high returns. Here is the report
15 GREAT THOUGHTS BY CHANAKYA
1) “Learn from the mistakes of others… you can’t live long enough to make them all yourselves!!” 2)”A person should not be too honest. Straight trees are cut first and Honest people are screwed first.” 3)”Even if a snake is not poisonous, it should pretend to be venomous.” 4)”There is some self-interest behind every friendship. […]
Now Submit Your MLM Complaint
Now file your MLM complaint online. Due to the loop holes in the law every day gullible people are getting cheated by fraud network marketing companies all over India. These frauds are done in various ways, like by offering monthly high returns in cash, gold, surveys but when these network marketing companies vanish out of […]
RCM Fraud of 2000 crore
Country’s famous Multilevel Marketing Company RCM has come into limelight, all for the wrong reasons, a fraud of about two thousand crore has been reported. The company has nearly 10 million customers across the country. The establishment of RCM started from Bhilwara in Rajasthan in 2000. MD of RCM, Trilokchand Chhabra introduced the company over three thousand outlets […]
Santa Banta takes on MLM
If you know little bit of punjabi, you will enjoy this hilarious piece by Santa and Banta. On a lighter note, enjoyed. Forward it to your friends, if you like it.
Why You Should Pay to Advertise for Your MLM Business
There two ways of doing advertising, free and the paid one. One should start with free advertising over the internet to understand the value of advertising. Generally free adverting on MLM classified, social network websites delivers some results but lot of hard work is needed and it is also time consuming. Your focus should be on generation […]
Rajasthan rocked with recent MLM frauds
Jaipur: In recent two MLM Investment scams happened at Rajasthan, people have lost around 500 crore. Two MLM Investment companies Eve Miracle and Goldsukh have duped people of Rajasthan and Madhya Pradesh. Both companies were operating since 2008. The whole issue of fraud came into limelight when Goldsukh stopped issuing regular payments to the investors. […]
Sebi wants to take Control over MLM Companies
New Delhi: In recent time many multi-level marketing companies have mushroomed all over India and few have even duped gullible people with millions of rupees. Recently in a Sebi board meeting where the ministry of corporate affairs and finance, and the Reserve Bank of India (RBI) participated. During the meeting, they discussed how they should monitor such MLM ponzi schemes. […]
ED finally charges Speak Asia with money-laundering
ED finally charges Speak Asia with money-laundering. Enforcement Directorate (ED) has booked Speak Asia under the Prevention of Money Laundering Act (PMLA) for allegedly sending Rs 900 crore out of the country, disguised as remittances. ED will soon investigate the involvement of office-bearers. There was no response from Speak Asia.
Biggest MLM Scam In India Till Date
If reports of Economic Offence Wing of Mumbai are to be believed this MLM scam could be the biggest MLM scam in the history of network marketing in India. Economic Offence Wing of Mumbai in the recent statement said that Speak Asia fraud is of Rs.2300-2400 crore and the value of the reward points is around Rs30000 crore. Speak Asia collected more […]