भारतीय रिजर्व बैंक के डिप्टी गवर्नर एसएस मूंदड़ा ने देशभर में पोंजी योजनाओं पर लगाम लगाने के लिए एक सख्त नियामकीय ढांचे की जरूरत पर बल दिया। उन्हो�...Read More

Washington, D.C. - Direct Selling Association (DSA) earlier this week named its 2015 ETHOS Award winners during its Annual Meeting in San Antonio, Tex. These honors mark member companies’ excellence in the following categories: Marketing & Sales Campaigns, Product Innovation, Salesforce Development, Technology Innovation, Vision for Tomorrow, Rising Star a...Read More

OWINGS MILLS, Md., - Medifast, Inc., a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, announced today the company's direct selling division, Take Shape For Life, was recognized as one of...Read More

LOS ANGELES - Global nutrition company Herbalife is proud to join the Hispanic Association on Corporate Responsibility (HACR) as a Corporate Member. HACR seeks to advance the inclusion of Hispanics in corporate America. As a Corporate member, Herbalife is committed to supporting Hispanic leadership and promoting an inclusive work environment while continuing efforts...Read More

SAN DIEGO, CA - Youngevity International, Inc., a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced today that its charitable giving arm, Youngevity Be th...Read More

MUMBAI : Madrass Cafe movie actress Leena Paul's live-in partner Sekar Chandrashekar had conspired to start a ponzy scheme in Mumbai while he was lodged at a Chennai jail in 2013. Chandrashekhar was arrested by the Chennai police in connection with a cheating case and was in jail for six months before being released on bail in Janjuary 2013.: "Chandrashekhar, who is in M...Read More

ONE of the country's fast-rising direct selling companies is set to conquer a bigger share of the market as it begins introducing new products more often. Starting this month, Sophie Paris Philippines Inc. (SPPI) will already have its product catalogue come out on a monthly basis....Read More

Reserve Bank of India deputy governor S S Mundra stressed on the need for a stronger regulatory framework to deal with the menace of ponzi scheme across the country. He agreed that the banking system also needs to shoulder the blame for such fraudulent investment schemes. “Banking system plays a very important role and they have to share a fair share of the blames as ult...Read More

Terming financial education and investor awareness a must to check the ponzi menace, regulator Sebi's Chairman U K Sinha has expressed concern that some states including Uttar Pradesh are yet to enact the law aimed at protecting the depositors' money. The Sebi chief further said that Uttar Pradesh, despite being the country's largest state in terms of population, also...Read More

With growing incidents of ponzi schemes defrauding millions of gullible investors, the Reserve Bank today blamed regulatory vacuum and lack of coordination among various watchdog and investigative agencies for them. Ponzi schemes are fraudulent investment schemes, wherein people are promised high returns without having to assume commensurate level of risks. "One important...Read More