The Office of Consumer Affairs is warning people to be vigilant about pyramid schemes. Fraudulent financial scams, often pitched as legitimate business opportunities, can appear to be an attractive ways to “get rich quick”, according to a press release from Consumer Affairs. A spokesman stated: “Typically with pyramid schemes, participants are often asked to ...Read More

Independent Contractor Compliance Recently, Mary Kay, Inc. was sued in New Jersey for allegedly misclassifying a class of direct sellers as independent contractors in violation of the New Jersey Wage Payment Law. While there are direct seller exemptions from laws governing unemployment insurance, workers’ compensation, and the payment and withholding of...Read More

Network marketing, also known as multi-level marketing or direct sales, is a business model consisting of independent contractors buying into a company. The contractor then earns a commission on the products they sell themselves, and the products that are sold by recruits that have joined the contractor’s sales team. The aspects ...Read More

Direct selling industry is estimated to reach up to INR 2,36,543 million y 2019-20, according to Indian Direct Selling Association (IDSA)-PHD Chamber of Commerce and Industry Annual Survey Report 2014-15. The gross sales by Direct Selling Industry has registered the growth rate of about 6.5% in 2014-15 as compared to 4.3% in 2013-14, informed Rajat Banerji, Chairman, IDSA. There i...Read More

One of my abiding memories of growing up in a small town is of my father and his friends talking about insurance agents and chit fund agents taking money and disappearing. Usually the agent used to be someone known to them. One story that I remember is of the local dhobi's (washerman's) son raising money for a chit fund and then disappearing.

The present day v...Read More

Some three decades ago, Nirmal Singh Bhangoo was a milk seller near the India-Pakistan border in Punjab’s Attari. In 1996, he founded PACL Ltd—then known as Gurwant Agrotech—Read More

Why do the business schemes like Amway/GoldQuest/Herbalife etc always collapse, with the 1% forerunners/organizers absconding and rest 99% of the members crying foul? Lets analyze their business model to find out the truth behind Amway and other fraud pyramid schemes. “Dude, I am working on a part time business for additional income and would like to invite...Read More

Recently an obscure and controversial business sector became a focus of the presidential race. It was reported that two Republican candidates, Donald Trump and Dr. Ben Carson, received significant payments for speeches and other support to companies known as “multi-level marketing” (MLM). MLMs recruit armies of consumers to buy and sell their products away from retail...Read More

नई दिल्ली। चीन में अबतक का सबसे बड़ा पोंजी स्‍कैम सामने आया है। न्यूज एजेंसी AFP की रिपोर्ट के अनुसार, यह पोंजी फ्रॉड करीब 52 हजार करोड़ रुपए का �...Read More

MUMBAI: Amway, the $10.8-billion American multi-level marketing leader, has been in India for over 20 years now but it still faces some concerns with regard to its business model. Yet, Amway says it will continue to invest in India. In an interview to TOI, Amway's global president Doug DeVos said the company will continue to invest on multipl...Read More