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 […]
HOW FRAUDSTERS ARE ABUSING THE MLM INDUSTRY
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 […]
John Oliver calls MLM industry a ‘pyramid scheme’
The Last Week Tonight with John Oliver on the HBO channel aired an episode on November 06,2016 demonstrating how direct selling or MLM companies use unethical practices to make money. John Oliver mocking the MLM industry said that they generally have two things in common- “first, you don’t see them on store shelves, you buy […]
Are you part of a Legitimate Network Marketing / MLM Company or Pyramid Scheme?
Key Highlights: General notion about the network marketing /multi-level marketing/direct selling industry Understand how to differentiate legitimate and fraudulent network marketing company As the world is progressing in technology and automation, there are also other developments and business models that are coming up which promise to help individual build their own system for residual income. […]