Hyderabad: The Multi-Level Marketing fraudsters are back in the market and with yet another modus operandi. They are targeting women, specifically home makers and job aspirants luring them with higher returns on investments. The police have warned citizens, particularly women,…[Continue Reading...]
Yet another con was successfully executed by fraudsters in the name of quick and bumper returns through investment in the jewellery business. This is the story of the Torres, a scam that rocked Mumbai this week and was run through…[Continue Reading...]
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...]
Suryapet: Thousands of unsuspecting people have fallen victim to fraudulent app-based multi-level marketing (MLM) schemes that promised substantial returns on their investments within short timeframes. These schemes displayed impressive growth in users' account balances initially, enticing them to invest more.…[Continue Reading...]
Most multilevel marketers have rebuttals at the ready when potential recruits accuse them of peddling a pyramid scheme. One of the canned comebacks for Donald Trump’s late-aughts MLM—because, of course, Trump once had his own MLM—is a doozy: “If you…[Continue Reading...]
Most people aren’t making money off these opportunities, though. A 2018 AARP Foundation study found that only one-quarter of MLM participants earned a profit, while nearly half lost money. Of the few who did profit, 53% reported earning $5,000 or…[Continue Reading...]
The day Emily Paulson was awarded her new Lexus — gleaming white, topped with a big red bow and a vanity plate reading FREECAR — she was surrounded by more than 100 women with their iPhones aloft, eagerly snapping photos.…[Continue Reading...]
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