The Enforcement Directorate has filed a prosecution complaint under the Prevention of Money Laundering Act, 2002 (PMLA) before the court of Special Judge (PMLA), Jaipur in an MLM/Network Marketing and Ponzi scheme case. The prosecution complaint has been filed against 12 accused – Gold Sukh Trade India Ltd, its sister concern Gold Sukh Corporation Ltd, Jaipur, its Directors […]
MLM Company Owner Arrested for GST Theft of Rs 70 crore
The Central Goods and Services Tax (CGST), Vadodara, officials have arrested a businessman named Dilip Jain for evading Rs 70 Cr of GST/CE by providing other financial services through four unregistered entities under GST. The businessman Dilip Jain was arrested after GST investigations revealed that he hadn’t registered with the GST department and avoided paying taxes […]
3000 crores cheated from 1.75 lakh investors, ED raids 12 locations of bike boat company
On Saturday, the Enforcement Directorate raided 12 locations in Lucknow, Delhi and Noida of the Bike Boat Taxi Company. The company defrauded millions of investors by running a bike taxi service on the lines of Ola and Uber. During the raid, many important documents linking the company to money laundering were found. The Bike Boat […]
500 CR Webwork Scam: Shah Rukh, Nawazuddin Under CBI Scanner
The FIR registered against the Webwork on Tuesday by the CBI does not mention Shah Rukh or Nawazuddin as either accused or suspects. The CBI has taken over the probe into the Rs 500 cr online cash-for-click scam. The online ponzi scam, to be investigated by the CBI, was being run from UP’s Ghaziabad district […]
New Zealand national, three associates arrested in fraud case
#MLMNews #NetworkMmarketingFraud #MohammedKhurram #KiranModi #HiteshModi The Central Crime Branch (CCB) sleuths busted a network marketing fraud with the arrest of four persons including a 52-year-old woman from New Zealand for allegedly duping people on the pretext of offering them memberships in a networking company. Based on a tip-off, a team of sleuths approached the company executives […]
Adooye.com Scam Could be of 600 crore, cheated 2 lakh investors
Adooye.com scam was reported by NetworkingEye.com in the month of June. Now the Bangalore police is investigating Adooye.com, when people ,who invested with Adooye stopped receiving commission from the company. The scam could be of 600 crore and at least 2 lakh investors have invested in Adooye.com from all over India. Online company, Adooye.com collected money from […]
EOW Special Investigative Team to Probe QNet Case
To give pace to the alleged 425 crore Qnet scam, the Economic Offences Wing (EOW) of Mumbai Police has set up a Special Investigation Team. The EOW is additionally checking out strict lawful options, which will make it mandatory for the suspects concealing abroad to show up before investigators in Mumbai, authorities claimed.
Qnet Scam: Michael Ferreira’s ex-daughter-in-law arrested
Michael Ferreira, who is already facing questions for his involvement in the alleged Qnet scam, now his ex-daughter-in-law got arrested by Mumbai EOW on friday. The Economic Offences Wing (EOW) of Mumbai Police on Friday arrested Susan Nikhil Chatterjee. The police said that she along with her ex-husband, Mark Ferreira played an important in encouraging gullible people to […]
HELPING-HANDS.US website no longer opening
MLM helping plan website HELPING-HANDS.US is no longer opening. The people who invested money with HELPING-HANDS.US are in distress. There were already reports that the company was not paying to the people. In particular we received two complaints from Piyush Tripathi – 8115946367 and D.P.Singh – 9792040403. They reported that their downlines are not receiving payments from quite some time. We tried to […]
More complaints pilling against shopcard.biz
The number of complaints against the fake online shopcard.biz company is increasing day by day. More people who have lost their income and have deposited capitals are showing their rage against the fraud business prototype. Numerous complaints against B Kumar Soni, Marketing And Sales Head, shopcard.biz have been registered. shopcard.biz was basically dealing with the investment plans with […]