David Brear is right. Amway is a cult
This is written by one of our readers of the BLOG. In September last year I was persuaded to join Amway as my close friend was very much interested in the business and asked me to join. As he was very...
View ArticleDirect sellers move out of Kerala in state of fear as cops not allowing...
Ratna Bhushan, Economic Times Bureau Oct 16, 2013NEW DELHI: Direct selling firms such as Amway, Modicare, K-Link and DXN are cutting down their operations in Kerala significantly due to police...
View ArticleHow multi-level marketing cheats at all level
Is it possible that network marketing firms are flocking to India because they are just not wanted elsewhere? CNN-IBN found that the British Government has sued Amway for unethical practices. China...
View ArticleNo time for Amway chief to attend criminal court
They are all alike. The politicians, bureaucrats and even heads of multinational companies and those who believe that they are too big to follow the trivial issues like attending the judicial court.The...
View ArticleAmway chief on obtaining-spree of anticipatory bails
It appears Amway chief Mr William Scott Pinckney is on a spree of obtaining anticipatory bails throughout the country. In Andhra Pradesh alone he had obtained anticipatory bails in about four criminal...
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'Multi-Level Marketing' and the Gettysburg Address?
Several years ago, I spoke with a former 'Amway' adherent from the USA who, back in the 1990s, had once gone on a pay-through-the-nose pilgrimage to 'Amway' HQ in Ada, Michigan. He described an...
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Speak Asia fraudster of over Rs 2,200 crore fraud held
Corporate Frauds Watch filed the first criminal complaint against Speak Asia way back in 2011.The fraudulent company filed a writ petition in Andhra Pradesh High Court appealing to the higher...
View ArticlePlaying with people’s greed
Speak Asia racketHow easy it is to play with the greed of people and make money! It has been proved once again with the arrest of the kingpins behind the massive racket of Speak Asia.Earlier, many...
View ArticleAmway Finds It's Washed Over In a South Korean Soap Drama
A fierce attack by local consumer groups, environmental activists and competitors on Amway Corp.'s leading detergent have led to a 64% plunge in the U.S. company's business this year in South Korea,...
View ArticleQNET garnered Rs. 435 crore in MLM scam, Rs. 110 cr in bank accounts frozen:EOW
MUMBAI: The city economic offences wing (EOW) said multi-level marketing firm QNet had collected over Rs 425 crore from its investors. QNet is accused of using the banned binary-pyramid business model...
View ArticleRs 2,276-cr scam kingpin reneged on Rs 22,000 rent per month
Ram Niwas Pal of SpeakAsia had hoped that Bangalore’s IT neighbourhood of Whitefield would provide a safe cover and anonymity for his dubious activitiesThe mastermind of the Rs 2,200-crore Speak Asia...
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At least one saved: Do not know how many like him
Sachin Phartiyal 5:47 PM (17 hours ago)to meDear Mr Shyam,I am writing this mail to thank you/your blog which I checked to understand the MLM fraud done by QNET.I saved myself recently of getting...
View ArticleAmway CMD does it again
Amway India Enterprises' CMD Mr William Pinckney has done it once again. He failed to attend the Chief Metropolitan Magistrate court on Thursday and a few of his acquaintances attended. Yet the neither...
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Michael Ferreira gets EOW notice in Rs 425cr QNet case
MUMBAI: The city economic offences wing (EOW), probing the multi-level marketing firm QNet case issued notice to Michael Ferreira, winner of the World Amateur Billiards Championship and a Padma Bhushan...
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AMWAY, MERCHANTS OF PIPE DREAMS
GREED THE DRIVING SPIRIT OF AMWAY SLAVES, FINESSING THE ART OF PIMPING FANTASIES , PYRAMID BASE FINANCIAL HOLOCAUST , QUIXTAR THE SULTANS OF GREED- CAPT AJIT VADAKAYILCouple of years ago, my...
View ArticleGovt Launches Drive to Identify and Weed Out Companies Resorting to MLM...
According to the information available with the Ministry of Corporate Affairs, companies resorting to Multi-Level Marketing Schemes are doing so in contravention of either the Prize Chits and Money...
View ArticleEnforcement action accelerates against Ponzi and MLM schemes
SUCHETA DALAL | 10/12/2013 06:37 PM |A burst of enforcement action in the past fortnight raised hopes of crackdown against notorious Ponzi and MLM schemesA huge burst of long overdue enforcement...
View ArticleDigital currency for New Age?
At a time when the dividing line between virtual and real is vanishing faster than what it takes us to realise, the Reserve Bank of India’s guarded warning on dealing with virtual currencies is hardly...
View ArticleQNet scam: Cops freeze Danesh Irani's bank account
In spite of these arrests and freezing of bank accounts with illegally made huge funds, QNet with a straight face demands that there should be rules governing direct selling. What a deceitful people...
View ArticlePYRAMID SCHEME ALERT dissects MLM scam
PYRAMID SCHEME ALERT has received reports of people joining and then quitting as many as 60 MLMs over a 2-decade period. Some start joining in high school and continue off and on though adulthood. Some...
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