Direct selling is a business model in which products are sold directly to consumers, usually outside of a fixed retail location. This business model has gained popularity in India in recent years, with many companies choosing to adopt it as a way to reach out to customers and sell their products. The direct selling industry […]
Co-founder of $4B OneCoin fraud scheme pleads guilty and faces up to 60 years in jail
The co-founder of OneCoin, a fraudulent cryptocurrency scheme, has admitted guilt to several charges brought by the US Department of Justice (DOJ) and now faces up to 60 years in prison. Karl Sebastian Greenwood pleaded guilty to counts of wire fraud, conspiracy to commit wire fraud, and conspiracy to launder money, each of which carries […]
Investors Duped Out of INR 200 Crore after Being Lured by Endorsements from Actresses Tamanna and Kajal Agarwal
According to reports, thousands of people in India have fallen victim to a large-scale scam by a company called Hashpe. The victims claim that they were promised INR 3 lakh ($4,000) within 300 days in return for an initial investment of INR 1 lakh ($1,335). However, when they attempted to collect their earnings, they discovered […]
MLM Scams in India: How to Spot and Avoid Them
Multi-level marketing (MLM) is a business model in which a company sells its products through a network of independent distributors, who earn commissions based on their sales and the sales of the distributors they recruit. While MLM can be a legitimate and profitable business opportunity for some, it has also been the subject of controversy […]
Vestige To Launch PETA certified 100% Vegan Assure Natural Range
India’s homegrown MLM company Vestige Marketing Pvt. Ltd., and also the only Indian company in the world’s top 30 direct selling companies has expanded its personal care category into the natural personal care segment. The newly launched brand is Assure Natural. After achieving immense success following the initial launch in August, the company has launched […]
Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
Cyberabad police on Wednesday cautioned that the Multi-Level Marketing (MLM) fraudsters back in the market with new modus operandi.Owing to the easy trap methods into Multi-level marketing frauds, the fraudsters have always returned to trap vulnerable people. The most important fact about this fraud system is the new techniques adopted by the fraudsters to get […]
Enforcement Directorate (ED) attaches assets of ‘bike bot’ MLM Ponzi Company worth 103 crores
Bike Bot taxi service MLM Company is accused of duping about ₹3,000- ₹4,000 crores from 2.25 lakh investors The Enforcement Directorate (ED) on Monday issued an order to attach ₹103 crores moveable and immovable assets belonging to the Noida ‘bikebot‘ Ponzi scheme. There are 26 immovable properties with net worth ₹101.45 crores, and bank balance of ₹2.28 crore in 22 accounts. […]
Indian Direct Selling/MLM Companies rises as top performer among Asia Pacific Companies
These are great signs for Indian Direct Selling companies, and we are now hopeful that India will find a place in top 5 direct selling markets much earlier than the previous estimates of a decade India has moved to the 15th spot in the global direct selling markets for the year 2019, up from 19th […]
New Consumer Protection Act of 2019 to Protect Online Customers
Finally, the old consumer protection act of 1986 got replaced with the new Consumer Protection Act of 2019 to Protect Online Customers. The new law retains all the components of the landmark 1986 law that gave Indian consumers, their six basic rights and a consumer justice system. However, it further expands the scope of the […]
Tremendous Growth of Himachal Pradesh in Direct Selling Industry
Owing to the ongoing Covid-19 pandemic and the government-mandated lockdown, the ever-improving telecom infrastructure in Himachal Pradesh has had a positive impact on the growth of the Direct Selling industry in the state. Mr Vivek Katoch, Director, Corporate Affairs-Asia of Swedish company Oriflame in India, said “Himachal Pradesh has already achieved near hundred per cent […]