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Delhi resident lodges police complaint against Amway India
More often than not, the apologists of Amway India say that Amway India is facing problems only in Andhra Pradesh but nowhere else in India. The critics even go to the extent of blaming one police...
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Cops tracking ‘Diamonds’ of Amway
Hyderabad: The top police officials of the two States of Andhra Pradesh and Telangana have launched a massive hunt to track down the ‘Diamonds’ and other members of Amway India Enterprises to make sure...
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Court rejects bail plea of Amway chief
Our BureauWarangal: A court here on Thursday rejected the bail petition submitted on behalf of the managing director and chief executive officer of Amway India Enterprises William S Pinckney who was...
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Why these two gentlemen remain behind bars?
Subrato Roy Since March 4, he has been behind barsFor the last nearly two months in jail
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CID arrests two directors of RMP on money circulation charge
Hyderabad: Crime Investigation Department (CID) officials arrested two directors of RMP Infotec Private Limited on charge of organising money circulation scheme in the guise of multi-level marketing of...
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Glaze Trading India aka GALWAY takes unemployed youth for a ride
Glaze Trading India aka GALWAY takes unemployed youth for a rideIn what could be described as the copycat of Amway, Glaze Trading India aka GALWAY, started its cheating operations throughout the...
View ArticlePonzi scheme nips career of soldier
Greed to make fast buck through money circulation scheme led to his fall· Poddar enrolls members in Amway and securedlives.com· Starts online campaign to rope in members·...
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Magnetic pillows to a Rs 50,000 cr empire: How PACL, Nirmal Singh Bhangoo...
There have been many Ponzi schemes in India's history and then there's Pearls Agrotech Corporation Ltd ( PACL), a conglomerate that has investments ranging from a hotel in Australia to educational...
View ArticleGovt turns down Amway's plea to amend PCMC Act
Plans to catch chit funds under Rs 100 cr that escape SEBI netAiming to tighten the noose on chit funds that have duped millions, the Centre proposes to crack down on all money collection schemes that...
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Need to rein in Ponzi schemes
In what could be described as a welcome move, the Department of Financial Services of the Union Ministry of Finance has decided to clamp down on Ponzi schemes which are thriving throughout the country...
View ArticlePonzi schemer jailed for cheating US residents of $22 mn
Washington (IANS): If you have been one of those approached by some 'known' person for investing in something with an assurance of 'easy money', you may benefit reading about this Ponzi schemer, jailed...
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AP CID attaches properties of NMart
Andhra Pradesh Crime Investigation Department has attached the movable and immovable properties of Surat-based New Look Traders also known as NMart. The fixed deposits Rs. 2.61 crore parked in various...
View ArticleBiz Bazaar launches illegal scheme a la NMart
GREED always overwhelms people. There is no other explanation for the Future Retail Ltd, the largest conglomerate which runs chain of Big Bazaar supermarkets and other businesses, launching an illegal...
View ArticleDon't fall prey to promises of multi-level marketing firms:RBI
Cautioning investors against multi-level marketing firms promising easy and quick money, RBI today asked public not to be tempted by such offers. "MLM/Chain Marketing/Pyramid Structure schemes promise...
View ArticleThe Full text of the RBI warning alerting people against joining MLM schemes
ूेस ूकाशनी PRESS RELEASEसंचार वभाग, किय कायालय, एस.बी.एस.माग,...
View ArticleBig Bazaar into big racket
The Future Group, which owns Big Bazaar, the biggest retail market chain in the country, has launched ‘Profit Club Card’ with an eye on making easy and quick money throwing the legalities to the wind....
View ArticleFood Safety and Standards of India directs Amway to withdraw six products...
* Nutrilite cal-mag-D, Nutrilite natural B tablets, Nutrilite Iron Folic tablets, Nutrilite Bio C, Positrim Vanilla and Nutrilite Kids Drink Mixed Fruit flavour are the products directed to withdraw...
View ArticleSebi bars Agri Gold Farm from raising funds from public
Continuing its crackdown on illicit realty investment activities, Sebi on Thursday barred Andhra Pradesh-based Agri Gold Farm Estates India from raising fresh capital from the public with immediate...
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'Herbalife (HLF)' 10K - Once Upon Time
Once upon a time, a handsome, but poor, young Prince called Mark Hughes dreamt of building an Empire called 'Herbalife' where he would be Emperor and where, under his benign rule, there would be...
View ArticleHarmless placebos are lawful, but 'Homeopathy' remains a deception
Like 'Santa Claus', 'homeopathy' can be either a benign or (if it is in the hands of persons with hidden criminal objectives) an exploitative deception, but it remains a deception. Once this is...
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