Direct selling, a lucrative opportunity for many While door-to-door selling is a common phenomenon is many localities, the numbers have increased indicating a rise in its potential, especially for women in India. Direct Selling provides accessible business opportunities to people looking for alternative sources of income, and whose entry is generally not restricted by gender, […]
Government holds the bill to check the ponzi scheme
The government has put on hold the review of the ponzi scheme bill,which was suppose to bring about more clarity to distinguish between a genuine MLM company and ponzi money circulating companies. A week after the arrest of Amway India chief executive Bill Pinckney, the Indian Direct Selling Association has sought amendments to the Prize […]
Cases of Corporate Frauds/Chit Fund Scams Involving Companies
The Ministry, during the last three years and current year, has ordered investigation into the affairs of 145 companies which were allegedly involved in illegal deposit taking activities. A State-wise list of these companies is enclosed as Annexure. In many of the cases where investigations have been completed, diversion of funds so collected and/ or default […]
14 years for man in Indian scam that cost taxpayers millions
A leader in an India-based scam that scared American taxpayers into sending millions of dollars because they thought the U.S. government was after them was sentenced Wednesday to more than 14 years in prison by a judge who said he wanted to send a message to others considering similar crimes. Sahil Patel, 36, sobbed as […]
LifeVantage Recognized as One of Direct Selling Association’s Top 20 Leading Companies
Company Also Ranked 67th in Direct Selling News Global 100 LifeVantage Corporation, has been named as one of Direct Selling Association’s top 20 companies based on 2014 net sales within the United States. In addition to its top 20 ranking by the DSA, LifeVantage has been ranked the 67th largest direct selling company in the […]
EOW to probe if IIFA awards organiser took money from Qnet
#Qnet #IIFA #EOW According to the complainant, the money spent sponsoring the IIFA awards, belonged to victims of the Qnet scam. He also requested for an investigation into the company’s link with Bollywood. The Economic Offences Wing (EOW) of the Mumbai police has launched an inquiry into the allegation that Wizcraft International Entertainment Pvt Ltd, […]
Four held in Qnet case
Four persons have been held today for their alleged involvement in the multi-level marketing ‘Qnet’ case, police said. The four persons, identified as V Bal Reddy, Gautam Desai, Dasari Nagaraju and Cheemakurti Manikanta, were arrested today and Rs 15 lakh, deposited in different bank accounts, were seized from them, district Police Commissioner A B Venkateswara […]
Frame Guidelines to Keep Check on Direct selling
#DirectSelling #MultiLevelMarketing #MLMNews CHENNAI: In a bid to stop multi-level marketing businesses from cheating people by floating attractive but unviable schemes, the Madras High Court asked the State government to look beyond just prosecuting the offenders and to take preventive measures, including giving appropriate publicity among the public. The first bench comprising Chief Justice S […]
Enforcement Directorate Attaches Moonlife Teamworks India’s Properties
On friday properties worth of Rs.4.12 crores of Moonlife Teamworks India Private Limited got attached by Enforcement Directorate department at Hyderabad. The properties belonged to Moonlife Teamworks India Private Limited, its managing director P. Narayanachary and Sri Chandra Farms and Resorts India Limited in a MLM fraud case. The ED officials, in a press release, stated […]
Third Asia-Pacific Wellness Tour launched by Herbalife in Hanoi, Vietnam
HONG KONG, CHINA – Herbalife, a global nutrition company, has announced the launch of its third Asia-Pacific Wellness Tour, which will kick off in Hanoi, Vietnam on 3 April 2015. As part of its continuous effort to raise public awareness of the importance of balanced nutrition as part of a healthy active life in the […]