MLM News

Tag: mlm network marketing

  • MLM Scam Alert Companies List

    MLM Scam Alert Companies List

    Below listing may be a Feasible Cash circulation business or having an Unviable Payment Plan or an Unviable MLM Business strategy or is a Pyramid company or High Possibility of a Fraud or having a Deceptive Company model, etc.

    Company Names (more…)

  • Network Marketing in India

    Network Marketing in India

    Compiled by Pankaj L Shah

    World over Net­work Marketing has be­come a successful concept that em­powers ordinary people to turn into successful entrepreneurs. Ba­sically, this concept is about dis­tributing products directly from the manufacturers to the end consum­ers, thereby doing away with the traditional channel of distributors, wholesalers and re­tailers. Thus, the consumers get the entire benefit of direct selling. As per the latest fig­ures, Network Marketing is today a more than US $ 100 billion in­dustry (more…)

  • Biggest MLM Scam In India Till Date

    If reports of Economic Offence Wing of Mumbai  are to be believed this MLM scam could be the biggest MLM scam in the history of network marketing in India. Economic Offence Wing of Mumbai in the recent statement said that Speak Asia fraud is of Rs.2300-2400 crore and the value of the reward points is around Rs30000 crore.

    Speak Asia collected more than Rs.2300 with a period of 18 months and the current liability is around Rs.30,000 crore.

    Some panelist approached Supreme court, where final verdict is yet to come.

    Government agencies such as Enforcement Directorate (ED), the income-tax department and the Serious Frauds Investigation Office (SFIO) are independently investigating the fraud.

    “The SFIO report should be out in December. The ministry (MCA) feels the culprits will be nailed after that,” said a senior MCA official, who did not want to be identified.