April 25, 2011 11:51 PM | MLMNews BLog Team The moment one network marketing scheme becomes hit suddenly for the only sole reason, ‘get-rich-quick’, the other new MLM companies crop-up in the market like mushrooms after the rain with same dubious schemes. Survey MLM plans are spreading like wild fire, no one wants to be left […]
Ram Survey under police raid at Varanasi-Uttar Pradesh
NEWS: Ram Survey, new mlm player after Speak Asia, has come under police raid at many places in Varanasi, Uttar Pradesh. Some even say that Ram Survey is a copy of Speak Asia Online. Now many survey concepts are in the market to capture business through MLM route. Few years back, there were non-working or […]
Woman dupes 28,000 citizens at VADODARA, flees with 2.13 crore
A news has come from Vadodara, this time, the scam is of Rs.2.13 crores. 28,000 people has been duped in Vadodara. This time scam was done daily house hold items like, oil, rice and dal. All this was done under multi-level marketing (MLM), where agents were paid commission for bringing customers. Police have registered a case of cheating […]
Now Insurance in MLM is in Question
April 18, 2010 06:08 PM Insurance has been doing good business in network marketing, when IRDA was in tussle with SEBI, MLM companies kept the insurance business flow up. There are hundred’s of MLM companies in India, who deals with insurance, now the legitimacy of this practice is in question. As per IRDA rules, an insurance policy cannot be […]
Stock Guru India allegedly dupes 2 lakh investors of over Rs.1000 crore
April 15, 2011 03:06 PM Stock Guru India allegedly dupes 2 lakh investors of over Rs.1000 crore.
SpeakAsia still can’t show valid, legal documents
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, […]