MLM / CHAIN MONEY


Yogesh Sapkale Yogesh Sapkale 08 November 2012
MLMs like SpeakAsia and NMart thrive because the police and regulators like RBI, SEBI or IRDA, instead of taking prompt action, sit on their heads waiting for a formal complaint from duped investors, which happens only after promoters vanish with crores of rupees   Every other day,...

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Moneylife Digital Team 03 September 2012
The FIPB, in its forthcoming meeting may discuss various alternatives, including whether action should be taken against MLM companies, as states such as Andhra Pradesh have found their business model prohibited under the PCMCS Act and have requested a review of approvals for these...

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Sucheta Dalal Sucheta Dalal  and   Yogesh Sapkale Yogesh Sapkale 22 August 2012
Will the forthcoming meeting of the Foreign Investment Promotion Board lead to much-needed tightening of the rules for global MLM companies operating in India, or will the politically powerful MLM lobby use it improve its current dodgy status under the Prize Chits Act? The Foreign...

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While there is no guarantee of a MLM company's survival, the AITUC want these companies to provide PF, gratuity and other benefits to their employees   New Delhi: Several employees of multi-level marketing firms staged a protest in the capital demanding enactment of a Central law...

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Moneylife Digital Team 13 April 2011
SpeakAsia, is an online company collecting large sums of money by rapidly enrolling people with the promise of incredible payments for simply filling out online surveys. Our investigation, however, shows that the company is not registered in India and it cannot show us any legal...

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Moneylife Digital Team 27 December 2010
Stockguru.India and its group companies are self-styled investment advisors, offering Rs22,000 on an investment of Rs10,000 in one year As if there were not enough potholes on the stock market route, here is a multi-level marketing (MLM) company that is promising 20% returns per month!...

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Sucheta Dalal Sucheta Dalal 15 June 2010
The neta-babu class seems to have patented the drag-&-dilute technique of burying a scandal When death came to Bhopal a quarter century ago, it was at least indiscriminate in picking its targets. It is only when our netas and babus got into the act that they ensured that those who were...

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