He was the managing director of a firm called Singliworld which lured more than 2,000 investors in Singapore into an “investment scheme” that promised trading returns as high as 13 per cent per month. But the scheme turned out to…[Continue Reading...]
The Special Court of Chief Judicial Magistrate, Hyderabad, convicted Jasdeep Singh Bains and Jaspal Singh Sohi for their involvement in an online job and multi-level marketing (MLM) scam. Both were sentenced to two years of rigorous imprisonment and fined ₹2,000…[Continue Reading...]
Multilevel marketing (MLM) has been around since the advent of Nutralite in 1945. And it has flourished in the shadows, enriching some while bankrupting others. (This aspect is highlighted in the Amazon Prime docuseries "LuLaRich" about the MLM company LuLaRoe.) Despite its…[Continue Reading...]
Lately when scrolling Instagram, I’ve seen reels promising a hassle-free way to make money. Influencers are telling their followers that they’re making thousands after taking a simple course. And if you just “comment COURSE below” they’ll link you to the…[Continue Reading...]
They’re all over TikTok and Instagram. A social media reel of someone claiming they’ve unlocked the keys to financial freedom, all thanks to a digital course they signed up for a few weeks ago. They say that if you just…[Continue Reading...]
The CEO of LuLaRoe is being ridiculed for Instagram posts suggesting that people in Guatemala speak “Guatemalan” (which the company claims is a typo) and for using the “tone-deaf” hashtag #guatsuplularoe. On Sunday, an Instagram photo of three Guatemalan girls…[Continue Reading...]
When 23-year-old college graduate Julie was invited to a “girls night party” where the guests were told by a woman named Shawna from a company called Pure Romance that they could make big bucks selling middle-class suburban housewives “bullet vibrators…[Continue Reading...]
Members of the public are now being warned of a new potential scam similar to last year’s infamous EbayShop scam that resulted in considerable losses to many Fijians. The Fijian Competition and Consumer Commission has now alerted people of the…[Continue Reading...]
The special investigation team (SIT) probing the alleged multi-crore cryptocurrency scam conducted searches at 41 different locations in Himachal Pradesh on Sunday and arrested one of the main accused Abhishek Sharma, who was evading arrest, police said on Sunday. Abhishek,…[Continue Reading...]
Over a span of five years, starting in 2018, fraudsters operating in Himachal Pradesh reportedly scammed numerous cryptocurrency investors of ₹400 crore, initial police investigation suggested. This coincided with a surge in the crypto market. But that is just the…[Continue Reading...]
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