Who has stolen your dream?


जीवन के किसी भी फिल्ड में सफलता के लिए अचूक मंत्र Who has stolen your dream? “जिसके पास कृतज्ञता है, उसे और अधिक दिया जाएगा और जिसके पास कृतज्ञता नहीं है, उसके पास जो भी है, उससे वह भी छीन लिया जाएगा”– यू टेस्टामेंट, गौस्पेल ऑफ मैथ्यूज” यानि जिसका अच्छा स्वास्थ्य है उसका और अच्छा… Continue Reading »

Network Marketing Reality Test-2


How to become diamond? How to actualize your dream? आज नेटवर्क बिजनेश अमेरिका में हीं नही भारत में भी वाइल्ड  फायर की तरह  जोर पकड़ता जा रहा है| जिस तरह से किसी भी फील्ड में सफल होने के लिए उस फील्ड की जानकारी आवश्यक मानी जाती है| उसी तरह से नेटवर्क विषय   की जानकारी… Continue Reading »

Network Marketing Reality Test-1


“Everybody is your prospect, anyone can do this and Really this is not sales, Just it is sharing of products.” Due to this lie people have the mistaken idea that talking to anybody and everybody they come within arm’s length of is an effective recruiting technique? This type of antics has damage this industry’s reputation… Continue Reading »

Govt unsparing in punishing the corrupt: PM Modi


Courtesy: Indian Express, 18 Nov 2015 – PM Modi said that the focus of his government was on providing system-based and policy-driven governance. Highlighting the achievements of his government in tackling the menace of corruption in bureaucracy, Narendra Modi said several steps have been taken to make the bureaucracy more efficient, performance-oriented and accountable. Asserting… Continue Reading »

Model law mooted to tackle ponzi schemes


Courtesy: The Hans India, 4 December 2015 – The model law would be comprehensive and include collective investment schemes, chit funds, direct selling schemes and such other activities which are presently permissible but are defined and regulated in a dispersed manner   New Delhi: To curb illegal money pooling schemes, a Parliamentary panel has pitched… Continue Reading »

HC wants WB govt to facilitate return of money


Courtesy: DNA India, 27 Nov 2015 – The Calcutta High Court on Friday said that it expects the West Bengal government to perform its sovereign duty in facilitating return of money to investors affected by several ponzi schemes as it had done in the case of sufferers in Saradha chitfund scam. Adjourning the hearing of… Continue Reading »

SEBI Brought Down Hammer on 250 Ponzi Schemes


Courtesy: The New Indian Express, 22 August 2015 – CHENNAI: The Securities and Exchange Bureau of India (SEBI) has taken a tough stand against any companies indulging in perpetrating Ponzi schemes, with Chairman U K Sinha saying that the regulator had brought down the hammer on 250 such companies over the last few years. “We… Continue Reading »

Bill to check ponzi schemes put on hold


Courtesy: Zee News, 2 August 2015 – New Delhi: A proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government. The Finance Ministry had started the process to amend Prize Chits and Money Circulation Schemes (Banning) Act, 1978 to check the menace of ponzi schemes which continue… Continue Reading »

Six crore Indians hit by Ponzi schemes


Courtesy: DNA India, 15 June 2015 – Ponzi schemes are one of the biggest types of economic frauds targeting unsuspecting investors. As per figures available, Ponzi schemes have led to default of over Rs 80,000 crore, affecting over six crore people. Lack of awareness among investors is a big factor responsible for the widespread prevalence… Continue Reading »

Adooye.Com, Another MLM, Shuts Shop

Courtesy: MoneyLife, 14 Oct 2014 The Bangalore Police are investigating Adooye.com, which was selling a ‘package’ that promised money for watching online advertisements and enrolling new members, in a classic money circulation scheme. The MLM, which reportedly collected over Rs600 crore has quietly shut shop and left over two lakh registered customers in the lurch… Continue Reading »

‘Jan Dhan’ scheme to help tackle ponzi menace: SEBI

New Delhi: Expecting the government’s efforts to expand financial inclusion to help curb the ponzi menace in the country, Securities and Exchange Board of India (Sebi) Chairman U K Sinha has said that agents, lured by 20-30 per cent commissions, have been pushing illicit schemes among gullible investors in the absence of good savings products…. Continue Reading »