Tag: MLM

Bangladesh Bank warns against MLM schemes

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Bangladesh Bank has cautioned the public against multi-level marketing (MLM) schemes, highlighting their hallmarks—unrealistically high profits and referral-based commissions—as traits of pyramid or Ponzi schemes that often lead to significant financial losses for investors. The central bank issued the warning…[Continue Reading...]

It’s legal, but is it lucrative? Inside the risky world of multi-level marketing

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Amanda Kirby was an Epicure ambassador for five years. She feels the company's consultants have been left without guidance following its bankruptcy declaration. (Olivia Garrett/CBC) Multi-level marketing is nothing new. From Tupperware to Avon, these commission-based sales positions have been…[Continue Reading...]

Coimbatore EOW receives more complaints against MLM firm ‘My V3 Ads’

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The Economic Offences Wing (EOW) in Coimbatore has received more complaints against multi-level marketing (MLM) firm ‘My V3 Ads Marketing Private Limited’. V. Jayachandran, Deputy Superintendent of Police of EOW in Coimbatore, said on Monday that the agency received seven…[Continue Reading...]

Don’t rush into multilevel marketing. Most consumers make little to no money. | Opinion

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Multilevel marketing (MLM) programs are a legitimate way of selling products – think Amway, Tupperware and Mary Kay. They become illegal pyramid schemes when the emphasis is on recruiting new distributors rather than actually selling products. Most participants in pyramid…[Continue Reading...]

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