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 […]
Direct Selling sector as a retailing medium in India is yet to gain momentum
#DirectSelling #Retail #Amway #Oriflame #Tupperware The past history of direct marketing dates back to the days, perhaps, when we used to acquire vegetables as well as family products from the cart vendors. Gradually, the principle as a tool of selling gained approval, yet, the section has actually not attained its best position in the country. […]
Three QNet representatives arrested in Mumbai
#Crime #QNetcase #MLM #SayanChatterjee #SameerNaik #AbhinavSharma #arrested On wednesday, three more representatives of QNet, mlm company allegedly involved in a Rs 425-crore fraud have been arrested from the mumbai city. The accused arrested are Sayan Chatterjee, Sameer Naik and Abhinav Sharma. “The accused were produced before a court which remanded them in police custody till […]
Alert issued against ponzi mlm schemes by Reserve Bank Of India
#RBI #MLMScam #PonziScheme Lots of fly by night ponzi mlm schemes have duped millions of investors in India. On Thursday Reserve Bank of India notified investors against MLM companies that promise high returns and run on hefty member subscription fees. Any break in the chain leads to the collapse of the pyramid, and the members lower down […]
NMart properties attached by Andhra Pradesh CID
#AndharaPradesh #CID #CorporateFraudsWatch #CrimeInvestigationDepartment #KolliRaghuramReddy #GopalSinghShekhawat In a fresh move, Surat based mlm company NMart’s properties got attached by the Andhara Pradesh CID. In total, fixed deposits of 2,61 crore and properties worth of Rs. 9.27 crore were attached in the process by the AP, Crime Investigation Department.
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