MLM / CHAIN MONEY


When a majestic building stood up erect in a conspicuous part of the town at the dawn of the current millennium, it did herald a new landmark of Chennai. Hotel Royal Le Meridien became the chosen destination for conferences and banquets with its large campus for quite some time.   Its...

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Moneylife Digital Team 20 January 2023
Enforcement directorate (ED), the agency responsible for enforcing economic laws and fighting economic crime in India, has frozen 36 bank accounts relating to various companies, individuals and proprietorships connected with Vihaan Direct Selling India Pvt Ltd, the master franchisee of...

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IANS 21 December 2022
The Enforcement Directorate (ED) on Tuesday said that it has attached movable and immovable properties worth Rs 81.7 crore in the form of bank balances, land, flats, shops, and jewelleries belonging to Pranjil Batra, commission agents and others related to Future Makers Lifecare Pvt Ltd, a...

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IANS 15 December 2022
The enforcement directorate (ED) on Wednesday said it has attached immovable and movable assets worth Rs78.63 crore in connection with an investment fraud case in which one Nowhera Sheikh, and others have been named as accused.   The current attachment included properties worth...

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TruthInAdvertising.org 08 September 2022
In May, after being tipped off by a consumer, TINA.org alerted Tennessee-based supplement MLM Juice Plus to a high-level distributor using deceptive and illegal health claims to promote the company’s products on social media. In response, Juice Plus assured TINA.org that it had gone through...

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IANS 27 August 2022
In a rarest and strictest of punishments, a special CBI court in Tamil Nadu's Coimbatore has handed one K. Mohanraj and Kamalavalli 27 years' Rigorous Imprisonment besides ordering each to pay a fine of Rs 42.76 crore in a case related to cheating the public depositors to the tune of Rs...

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Moneylife Digital Team 08 August 2022
During the past three years, enforcement agencies working under the Union government have registered 196 cases involving 219 companies, the Lok Sabha was informed.    In a written reply, the minister of state for finance revealed, the government and enforcement agencies have taken...

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Bonnie Patten (TruthInAdvertising.org) 30 June 2022
Consumers can not afford to go it alone when it comes to atypical income claims.   In May 2022, TINA.org filed a comment concerning the US Federal Trade Commission (FTC)’s request for statements regarding its consideration of proposing a rulemaking to address deceptive or unfair...

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The Calcutta High Court on Monday appointed a judicial committee to ensure that the victims in West Bengal who have lost their hard-earned money after investing in different chit fund companies are duly compensated.   Calcutta High Court's division bench of Justice Indra Prasanna...

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The enforcement directorate (ED) on Tuesday said that they have attached 210 immovable properties worth Rs 110 crore belonging to Maithri Plantation and Horticulture Pvt Ltd (MPHPL) in connection with PMLA (Prevention of Money Laundering Act) related to a ponzi scam case.   A senior...

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TruthInAdvertising.org 10 May 2022
According to Arizona-based MLM Forever Living (aka Forever), which sells a variety of aloe vera wellness products, “Starting a business with Forever gives you the potential to earn a significant income stream, plus have time and freedom to build your life according to your dreams and allows...

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Moneylife Digital Team 18 April 2022
The enforcement directorate (ED) has attached assets worth Rs757.77 crore belonging to Amway India Enterprises Pvt Ltd, a company accused of using products to masquerade a multi-level marketing (MLM) fraud under the disguise of a direct selling company. In a statement, ED says,...

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Moneylife Digital Team 05 April 2022
Reiterating that Ponzi schemes are banned under Prize Chit and Money Circulation Schemes (Banning) Act, 1978 and as per the Act, state government is the enforcement agency, the Union government says it has asked serious fraud investigation office (SFIO) to probe as many as 84...

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Moneylife Digital Team / IANS 29 December 2021
The Union government has notified the Consumer Protection Rules, 2021, and asked the direct selling companies to comply with these rules within 90 days.   According to the ministry of consumer affairs, food and public distribution, the new rules will be applicable to all goods and...

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IANS 23 December 2021
The Central Bureau of Investigation (CBI) has arrested 11 more persons, including businessmen and Pearls group employees, in connection with Rs 60,000 crore Pearls Ponzi Scheme case.   "Chander Bhushan Dhillon, Prem Seth, Manmohan Kamal Mahajan, Mohanlal Sehajpal, Kanwaljit Singh Toor...

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TruthInAdvertising.org 02 November 2021
Last week the US Federal Trade Commission (FTC) put the multilevel marketing (MLM) industry on notice that its time for using deceptive income claims without facing penalties (of as much as $43,792 per violation) is up.   With the support of all five FTC commissioners, the agency...

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Moneylife Digital Team 25 August 2021
Nandalal Kesar Singh, chairman of the Phenomenal group of companies, has been sent to police custody till 2 September 2021 by a court in Latur. Mr Singh, the brain behind a Rs684 crore Ponzi scam, was arrested on Sunday by Mumbai Police’s crime branch Unit VII from a city...

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Harshita Shah 02 August 2021
UPDATED on 11 August 2021 at 10.45am to incorporate response received from BizGurukul   BizGurukul, as it describes itself, is an online e-learning platform that sells skill development courses related to entrepreneurship, career and business development and additionally provides...

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The Enforcement Directorate (ED) said on Thursday that it has attached assets worth Rs 31.63 crore of eBiz.com and its directors in a pyramid style, multi-level marketing fraud case.   An ED official said that the assets have been attached under the provisions of Prevention of Money...

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Punjab police in Roopnagar district has arrested five persons for cheating a hotel-owner on pretext of doubling the money in few days.   SSP of Roopnagar/Ropar Akhil Chaudhary said to media, accused Ikshit of Sirsa and Ankit from Bhiwani and Gurpreet Singh, Sachinpreet Sindhu and...

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