April 13, 2011 04:18 PM | Moneylife Digital Team SpeakAsia, is an online company collecting large sums of money by rapidly enrolling people with the promise of incredible payments for simply filling out online surveys. Our investigation, however, shows that the company is not registered in India and it cannot show us any legal documentation. […]
RBI Notification on Forex Trading
This is the press release from Reserve Bank Of India, in this press release RBI has warned people who are involved in Overseas and domestic Forex Trading. RBI has stated that under Foreign Exchange Management Act, FEMA, 1999 do not permit residents of India to trade in foreign exchange in domestic/overseas markets.
Police bust MLM racket in Bangladesh
Police bust MLM racket The Jakarta Post | Wed, 03/30/2011 9:53 AM | Balikpapan Police in East Kalimantan have arrested a woman for fraud after she allegedly tricked members of the public into investing money in a multilevel marketing (MLM) business, promising huge profits. The get-rich-quick scheme left at least 47 Balikpapan residents of pocket […]
News update on Stock Guru India Scam
निवेश के नाम पर करोड़ों रुपये लेकर फरार पश्चिमी दिल्ली, जागरण संवाददाता : निवेश करने पर भारी मुनाफे का लालच देकर सैकड़ों लोगों से करोड़ों रुपये लेकर कंपनी संचालक फरार हो गया। पीडि़तों का कहना है कि गुरु स्टॉक कंपनी के संचालक लोकेश्वर देव जैन की बातों से प्रभावित होकर उन्होंने अपनी गाढ़ी कमाई निवेश […]
Beware! Shady chit funds strike in new guise
Saibal Sen, TNN, Apr 5, 2011, 03.16am IST KOLKATA: Illegal chit funds, a scourge in West Bengal, are back in a sneaky new disguise. Multi-level marketing firms are now luring unsuspecting depositors with promises of mammoth returns in the form of “products”. The booty, according to central and state authorities, runs into crores. What’s worse, […]
Stock Guru India Scam Exposed
New Delhi, Check this video, how a news channel exposed Stock Guru India Scam. It has left thousands of people in the lurch. The Delhi office is locked. Angry people are asking for hard earned money. Company say’s that they are under Income Tax department radar.
Speak Asia given court notice at Gorakhpur, Uttar Pradesh
Gorakhpur: Online Survey Company Speak Asia online has sought delay from city magistrate on Thursday. City magistrates on Thursday arrived in the office of Regional Manager Anurag Corporation to meet him. Meanwhile, City Magistrate has served them with another notice with ten points and instructed to give their answer by Friday.
MLM scam: One more held at AHMEDABAD
AHMEDABAD: Bapunagar police made the third arrest in the multi-level marketing scam where four brothers and their relatives duped people of over Rs 20 crore. According to city police, Alpesh Vasoya, one of the brothers, was arrested from CTM crossroads on Monday afternoon. “He had come from Vadodara in a bus and was looking for a […]
Man held for Rs 100 cr fraud in Delhi
JAIPUR: A man accused of duping people of nearly Rs 100 crore through his multi-level marketing company was arrested by the Jalupura police on Friday. On the basis of mobile surveillance, a team nabbed him in New Delhi. According to deputy commissioner of police (north) Ashok Naruka, the accused Jitendra Saithwal is a resident of New […]
Is it possible to grow 1 Lakh into 5 Lakh in 12 months?
Published: Wednesday, Feb 16, 2011, 15:25 IST By Himansh Dhomse | Place: Ahmedabad | Agency: DNA Remember the 2008 US recession that left the world in an unprecedented financial crisis? At the root of it were several Ponzi schemes that eventually went phut and plagued the US economy impacting global economy.It seems that even Ahmedabad […]