An FIR has been registered against a Noida-based company for allegedly duping people of Rs 500 crore, police said on Monday. In a similar case, the Uttar Pradesh Police’s Special Task force had on February 2 busted an online trading scam worth over Rs 3,700 crore by Noida-based Ablaze Info Solutions Private Limited in which […]
John Oliver calls MLM industry a ‘pyramid scheme’
The Last Week Tonight with John Oliver on the HBO channel aired an episode on November 06,2016 demonstrating how direct selling or MLM companies use unethical practices to make money. John Oliver mocking the MLM industry said that they generally have two things in common- “first, you don’t see them on store shelves, you buy […]
Kerala police to tighten laws on MLM Firms
The police has decided to enforce strictly the guidelines issued by the state government imposing strict restrictions on mlm and direct selling entities. Apart from making registration mandatory for them, the guidelines issued in 2015 September imposes a ban on money chain model activities and giving incentives for canvassing persons as direct selling agents. But […]
All You Need To Know About Coinomia
Coinomia Review – Is it Real or Scam Coinomia – Bitcoin & Ethereum Mining Opportunity! A cryptocurrency, just like the normal currency, is a medium of exchange. It is a digital currency. Encryption techniques are used to secure the transaction and the creation of new coins. In simple words, solving mathematical problems based on cryptography creates […]
How to make money online in India
All of us know one or more friend who is making money online. This makes us think that it is easy to make money online. Also, some of us have tried our hand to make money online but have been trapped in on the online scam and have failed. This is often because we don’t […]
Government issues model guidelines for states to curb Ponzi schemes
The government of India on Monday has issued a series of guidelines for states to regulate the direct selling sector. This implies that the Rs. 10,000 Cr industry could come under the strict Consumer Protection Act, 1986. Many steps have been taken in an attempt to safeguard the interest of individuals involved in this industry. […]
Onecoin – a possible Ponzi Pyramid Scheme
Key Highlights: Belgium’s FSMA warns of OneCoin False claims made by the owner and COO of Onecoin about her qualifications Two co-founders involved in other scams before Onecoin, an alleged cryptocurrency and trading undertaking based out of Bulgaria,does not have any provable support to back its business claims which can prove its legitimacy. The Belgium’s Financial […]
Direct Selling Industry – A sigh of relief for unemployment
Key Highlights Make in India initiative to become an important tool for improving the unemployment ratio Direct Selling Industry an important source of self-employment India stands at a fragile yet deciding stage today. Decisions taken for the improvement of the situations now will have a direct impact on the future. If our nation has to […]
Direct Selling Legislation finalized by the Government
Key Highlights The new legislation for Direct Selling Industry finalized by the Government The state to issue guidelines as per their needs from the model guidelines New Delhi : As per sources, the Centre has come up with the legislation for direct selling industry. This legislation will be effective for all direct selling companies such […]
Amway takes concrete steps to triple its turnover in next decade
Key Highlights: Amway to add 8 more products to its existing product lines Decides to explore newer avenues like the experience stores and e-commerce to increase turnover Plan to launch an app with no tie-up with the existing e-tailers like Flipkart or Amazon DELHI : One of the leading and oldest FMCG direct selling company […]