Due to the lack of legal framework in India for mlm companies, lots of ponzi schemes have looted gullible people in India. Still some of them have disguised with different names and business plans from time to time. Here is the list of some of those the scam companies. SPEAKASIA SCAM: The massive fraud made […]
StockGuru India mastermind Lokeshwar dev jain was sent to jail in Ratnagiri, Maharashtra. Priyanka Saraswat Jain, wife of the accused has already been jailed two days ago on same charges. On production warrant, the local police arrested the accused of StockGuru India and brought them to police station from Tihar jail. ASI, Om kumar, said” the accused couple […]
New Delhi: In recent time many multi-level marketing companies have mushroomed all over India and few have even duped gullible people with millions of rupees. Recently in a Sebi board meeting where the ministry of corporate affairs and finance, and the Reserve Bank of India (RBI) participated. During the meeting, they discussed how they should monitor such MLM ponzi schemes. […]
April 15, 2011 03:06 PM Stock Guru India allegedly dupes 2 lakh investors of over Rs.1000 crore.