Tag: MLM

Investors alerted about disguised MLM frauds

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Many multi-level marketing (MLM) companies and similar entities are running nationwide in breach of regulations, thus endangering investors and undermining the country's economic management, according to an official finding. Without valid licences, these companies employ false promises of substantial earnings…[Continue Reading...]

FMA slap permanent ban on multi-level marketing firm Validus

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The Financial Markets Authority (FMA) has issued a permanent ban on multi-level marketing firm Validus, after the High Court dismissed the company's appeal. The permanent stop order prohibited US-registered Validus and associated people from repeating "unlawful behaviour that may cause…[Continue Reading...]

Operator of functional coffee MLM hit with permanent injunction, $7.3 million fine

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The former principal of a multilevel marketing organization selling a mushroom-infused coffee has been permanently banned from operating such a business and has been slapped with a $7.3 million fine. A federal court brought the contempt of court ruling against…[Continue Reading...]

MLM Fraud: Three People Arrested in Separate Incidents in Hyderabad

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Hyderabad: The Hyderabad Central Crime Station police nabbed three persons on charges of cheating people in the guise of Multi-level Marketing (MLM) schemes, in separate incidents here on Tuesday. The arrested persons are G.Rajesh Khanna from Bengaluru, Maneesh from Himayathnagar…[Continue Reading...]

Beachbody misclassified coaches as independent contractors, worker alleges in class-action lawsuit

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Dive Brief: The Beachbody Co., a multilevel marketing company that sells workout videos, nutritional supplements and other diet- and wellness-related goods and services, misclassified its sales workforce as independent contractors, a direct sales coach has alleged in California lawsuit According…[Continue Reading...]

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