MOTHER OF ALL PONZI SCHEMES RUN BY PUNJAB BIZMAN UNDER CBI LENS

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NEW DELHI : Perhaps India’s biggest ponzi scheme run by the Punjab-based Nirmal Singh Bhangoo (60) in the name of Pearl Group duping lakhs of investors with as much as Rs 45,000 crore offering non-existent farm lands is under CBI investigation as all over 1000 bank accounts of the group have been frozen to trace the […]

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CHEATINGS IN THE NAME OF MLM: GOLD QUEST IS THE LATEST

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Cheatings In The Name Of Multi Level Marketing: Gold Quest Is The Latest. Multi Level Marketing is a vicious circle whereby the cheaters bring innocent people with promises for making quick money.  The climax is cheating only. Mumbai: The cases of Multi Level Marketing companies are ever increasing involving lakhs of people and crores of […]

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PONZI SCHEMES: SEBI SEEKS QUARTERLY MEETINGS OF STATE PANELS

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Market watchdog Sebi has sought meetings of state-level coordination committees every quarter to tackle the menace of illegal fund pooling activities. At the inauguration of Sebi’s local office at Ranchi today, the capital market regulator’s chairman UK Sinha said the periodicity of ‘State-level Coordination Committee’ meetings should be increased to once a quarter to deal […]

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HERBALIFE UNDER FTC LENS, FINALLY!

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A year after Bill Ackman’s detailed public presentation about Herbalife being a pyramid scheme, the FTC which oversees consumer interests, has finally acted US Federal Trade Commission (FTC) has launched an investigation into the operations of Herbalife, the multi-level marketing (MLM) company that sells weight-management, nutrition and personal-care products. As per regulatory policy in the […]

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NEW DELHI-BASED PEARLS GROUP – CAUGHT IN ALLEGED PROPERTY PONZI RAID

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New Delhi-based Pearls Group – GC’s Sheraton Mirage owners – caught in alleged property ponzi raid Pearls Group, the New Delhi based property group has been again accused of allegedly duping Indian investors by promising agriculture land in a so-called $10 billion ponzi scheme. The India CBI last month registered a case of criminal conspiracy and […]

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MAHARASHTRA GOVT LAUNCHES AD CAMPAIGN AGAINST PONZI SCHEMES

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The Maharashtra government has launched an advertisement campaign to alert people to be careful while making investments in schemes by ponzi companies and multi-level marketing firms. The advertisement, issued by the home department, said many investors have been duped. It urged investors not to get carried away by the tall claims made by such companies […]

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RUSSIAN PONZI COMPANY MMM INDIA BUSTED – BLOOMBERG TV

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Fight Back – Russian Ponzi Co MMM India Busted. Mumbai EOW has obtained a transfer warrant for custody of accused and is on the lookout for the other key accused.

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MULTI-LEVEL MARKETING SET TO GROW

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Malaysia is poised to be one of the largest multi-level marketing (MLM) countries in Asia, with expected revenue of RM8 billion in 2020. India-based IT company Tech Mahindra Ltd vice-president and head of Asean Ram Ramachandran said MLM is a fast growth industry with many local companies spreading well beyond Malaysia. “When we first ventured […]

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QNET: ENFORCEMENT DIRECTORATE REGISTERS CASE AGAINST THE MLM

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After facing probe by the EOW of Mumbai police, QNet, its founder and associates will now face the ED sleuths in the Rs425 crore MLM scam Enforcement Directorate (ED), the agency responsible for enforcing economic laws and fighting economic crime in India, has registered a case in the Rs425 crore QNet scam for money laundering. […]

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BREAKING NEWS!!! BC CHHABRA JOINED BIG BAZAAR DIRECT

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Courtesy: CNBC Awaaz TV – 16 Nov 2013 BC CHHABRA, PROJECT DIRECTOR OF BIG BAZAAR DIRECT WITH FUTURE GROUP CEO KISHORE BIYANI AT CNBC AWAAZ TV.

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HERBALIFE IS INDEED AN MLM BUT NOT A PONZI

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This is an excellent little piece of investigation by John Hempton at Bronte Capital. As you will know Bill Ackman has a massive short position on against Herbalife. His basic contention is that the company is similar to a Ponzi scheme and therefore cannot continue indefinitely. As such it will inevitably collapse and thus the […]

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