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Odisha Chief Secy Seeks Action Against QNet & Its Indian Franchise

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The Office of Odisha Chief Secretary has written to the Economic Offences Wing (EOW) of Crime Branch praying for action against the alleged multi-crore scam by Hong Kong-based company QNet and its Indian partner Vihaan Direct Selling (India) Pvt Ltd. Acting on a petition filed by one Gyana Ranjan Mishra on November 25, 2019, Chief […]

ED attaches Rs 8.82-cr assets of Webwork Trade Link

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A Noida-based multi-level marketing firm’s assets worth over Rs 8 crore have been attached in connection with an alleged online Ponzi fraud case, the federal agency said on Thursday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued by the Enforcement Directorate against the company– Webwork Trade Link Pvt Ltd. […]

OneCoin Scheme Sued by Former Investor After Losing $130,000

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OneCoin scam alleged to be of 3.4 billion euro ponzi scheme Ignatov and her brother Konstantin charged with conspiracy to commit money laundering, wire fraud and securities fraud OneCoin recruted 3 million members worldwide OneCoin, a cryptocurrency investment scheme, has been sued by its former investor, Christine Grablis, over her losses of $130,000. On behalf […]

8 Steps to Build an Effective Network Marketing Strategy

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Whether you work alone as an entrepreneur or as a part of a startup or an eCommerce website representative, networking marketing is worth looking into. In short, network marketing represents a unique and personal method of sales and advertisement. According to statistics, network marketing has shown consistent growth across the US, with average income for […]

HOW FRAUDSTERS ARE ABUSING THE MLM INDUSTRY

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There a big difference between multi-level marketing companies which promote products and which build a network through a pyramid scheme. In fact, the latter makes money only when people sign up to use the products for themselves. According to many industry experts, the overall success of everyone depends on the ways in which the individuals […]

e-Chat Final Round of ICO Is On, Stay Tuned

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e-Chat is a beloved decentralized messaging app that is highly appreciated by millions of users worldwide. Since October 2017 e-Chat team has been running ICOs and the launch of the Third Round, and at the same time, the last one is scheduled on January 8, 2018. The coming ICO brings many surprises and one of […]

500 CR Webwork Scam: Shah Rukh, Nawazuddin Under CBI Scanner

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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 […]

OneCoin – Ponzi Scheme investigation in India

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Key Highlights:  Onecoin investigation in India by the EOW Four bank account uncovered  with ₹19 crores and  ₹5 crore approximately The Government of Hungary is investigating OneCoin, a cryptocurrency investment scheme as a fraudulent Ponzi Scheme. German Regulators have also ordered OneCoin to ‘Dismantle their Trading System‘ The Economics Offence Wing investigates OneCoin in India […]

Network Marketing Companies seek protection under Consumer Protection Act

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Network Marketing and Direct Selling companies in India are facing a lot of problems while operating in the Country. The current provision of criminal proceedings in the case of discrepancies is hampering the growth of these companies in India. Hence these Direct selling companies have urged the Indian Government to extend protection under the Consumer […]