KBC MULTI TRADE, ANOTHER MLM, GOES BUST; THREE AGENTS DEAD

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Within four years, Nashik-based KBC Multi Trade was able to collect crores of rupees. Its promoters and directors are absconding and three agents are already dead. The question is, why nobody, including SEBI took action in time? Even as several network marketing companies or multi-level marketing (MLM) companies are trying very hard to lobby with […]

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ALL YOU WANTED TO KNOW ABOUT MLM

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Remember the game where one player comes up with a word and another has to respond with what comes immediately to her mind? Well, today, the word ‘multi-level-marketing’ would likely be the cue for ‘controversy’. With many firms misusing this business model to make a quick buck, multi-level marketing (MLM) has been in the eye […]

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SEBI CLAMPS DOWN GOAT-REARING PONZI SCHEME

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Cracking its whip on a ponzi scheme promising huge returns through ‘goat farming’, Sebi today asked a company and its six directors to wind up their operations and refund investors’ money within three months. The operators of this scheme — which involved promise to double the money within four years on a minimum investment of […]

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PONZI SCHEME? DON’T BE A VICTIM – READ THESE TIPS

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NEW YORK (TheStreet) — It is hard to believe that investors are still falling victim to Ponzi schemes, despite all the news surrounding large scams like the Bernie Madoff case — but they are. And in the technological age we are living in, scams are becoming more complex and more difficult to spot. On Wednesday, […]

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AMWAY INDIA CEO ARRESTED AGAIN

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Based on a case filed in Kurnool, the Andhra Pradesh police took the CEO of Amway India into custody from the company headquarter at Gurgaon William Scott Pinckney, chairman and chief executive (CEO) of Amway India has been again arrested by police. This time, he is arrested by Andhra Pradesh police, says a report in […]

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MINERALS FOR ALL, ANOTHER MLM, OFFERING SINGLE REMEDY FOR ALL DISEASES!

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Minerals For All is yet another MLM hard selling ‘concentrated mineral water products’ as the single remedy for all diseases and promises high returns to its marketing agents. Only issue is the water it claimes to procure from the US is just the saltiest water Minerals For All (MFA), a multi-level marketing (MLM) company is […]

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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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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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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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PONZI SCHEMES THRIVE ON LOOPHOLES

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Apart from more stringent laws, regulators need to come together to fight Saradha-like scams Barely a fortnight ago, the Rose Valley group’s Joint Forum of all Registered Field Trade Unions organised a meeting of 1.5 million agents at Eco Park, a 480-acre plot on the northeast fringes of Kolkata. Such a show of strength by […]

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