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 […]
President Bill Clinton endorses network Marketing (MLM)
President Bill Clinton endorses Network Marketing (MLM). He explains how direct selling helps American economy. Our point is that many people see Network Marketing with suspicion, but if laws are made strong like in America, then direct selling could become quite huge. Watch the video where president Bill Clinton endorses network Marketing (MLM).
Robert Kiyosaki Talking about Rich Dad, Poor Dad
Robert Kiyosaki is well known name in network marketing. He became famous after his best selling book” Rich Dad, Poor Dad”. Robert Kiyosaki talked about why rich are rich and poor are poor forever and how direct selling can help you in longer run. If you get more time, it’s my recommendation to you to […]
Why do Most People Fail in MLM
New Delhi – Do Most People Fail in MLM? Yes this is true. Some industry people say that only 5-7% people become successful in Network Marketing. Then what happens to rest. Watch this video.
Speak Asia CEO Manoj Kumar at Abu Dhabi Video Message
Abu Dhabi (11 Oct.) – CEO Mr Manoj Kumar was spotted in Abu Dhabi on 11 of October to attend a conference on Global Agenda 2011. During the conversation, he talked that they have received permission from Bangladesh government to operate there. Soon in the month of december they are going to start their work in Bangladesh. […]
Rs.1000 Mobile Recharge for Free!
New Delhi – We have started a Free mobile recharge contest, where you have a chance to win Rs.1000 mobile recharge for free. The contest is simple, first you should be logged in to your Facebook account. Then open this contest page. Simple click on the “like” button on the top and then invite your friends.
Speak Asia advisor confessed that business plan was a Ponzi scheme
Mumbai : Speak Asia Financial advisor, Sanjeev Dandona confessed that Speak Asia was indeed running a ponzi Scheme. and the plan was based on a ponzi scheme. Sanjeev Dandona was financial advisor to Speak Asia and he was the main man behind the transfer of money from India to Singapore.
Don’t let Pyramid Schemes loot your money…
Seminar details: Every year, tens of thousands of “Double-your-money” schemes which offer instant riches are eating into the savings of people. These schemes (also called Ponzi or pyramid marketing schemes) are banned in many countries. But in India, they fly below the radar because of ineffective legislation and burn a big hole into […]