City Limouzine Investment finance fraud

By Express News Service - HYDERABAD Published: 21st January 2014 10:11 AM Yet another case of alleged multi-level marketing fraud duping thousands of investors across many...

Direct selling has completed 18 years in India and about 8 million of our countrymen are engaged with the industry. The industry continues to grow at rapid speed despite of scams...

Calcutta, Oct. 5, 2014 (PTI): Capital market regulator Sebi will conduct the e-auction of land and buildings of city-based Tower Infotech Ltd, which had garnered money through...

Chain marketing schemes are still having a nice time, despite SEBI’s enhanced powers    The Direct Selling Association of India and the high-profile, multinational...

SFIO has also been ordered scrutiny of balance-sheets of around 80 companies to ascertain whether these MLM operators have violated the provisions of the Companies Act   ...

ADooye is selling its 'packages' with a promise to pay for watching online advertisements and adding more members to the network. The whole things sounds more like a MLM or 'double...

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...

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...

 NMart Retail is collecting money from people under the guise of giving them an opportunity to shop at its retail chains, offering huge returns on their investment. But it admits...

Stockguru.India and its group companies are self-styled investment advisors, offering Rs22,000 on an investment of Rs10,000 in one yearAs if there were not enough potholes on the...

 EAS Sarma, former secretary to GoI has questioned the non-action from the government on the growing menace of multi-level marketing (MLM) and money-circulation schemes, which...

Have QNet team leaders misled the Mumbai Sessions Court by submitting a fake document along with their bail application? The Economic Offences Wing has made this sensational disclosure....

An MLM company that claims to be Asia’s largest online survey company, does not even have an office address or a telephone number but is offering to ‘pay’ $10 just for filling out...

Ordinary people are the biggest losers in the Ponzi, MLMs, chit fund and money circulation schemes like Saradha, Speak Asia and QNet. Yet, under 'pressure' from powerful MNCs...

Politically well-wired group takes millions for a ride Millions of small investors in eastern India have lost their life savings with the collapse of the politically well-wired...

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...

As various ponzi schemes continue to defraud investors of hard-earned money, the government is seeking details from industry and regulators abroad about practices being followed there...

To check ponzi menace, government plans to bring in a tough set of norms to regulate money- circulation and pyramid marketing businesses involving corpus of less than Rs 100 crore...

The Saradha group of companies, their promoters, directors and managerial personnel have been found to be guilty on many counts for violation of various provisions of the Companies...

Wed, Oct 08 2014 Read more at: http://www.livemint.com/Politics/XI9NAiPUCjcMeh54FYVWkL/Ponzi-scheme-ED-attaches-Rs104-crore-assets-of-Mumbai-firm.html?utm_source=copy Wed, Oct 08...