It's disturbing to learn of yet another mass-market-level consumer fraud that was reportedly committed exploiting legal financial channels to defraud thousands of people in various districts.

Model rules for checking financial fraud and irregularities committed by hundreds of chit funds and multi-level marketing (MLM) firms are on the cards. The move comes just weeks after the central ...

Recently, a woman in her 60s working as a caregiver came forward wanting to report suspicions of a multi-level marketing (MLM) scam and took out her smartphone. She wanted to show an in-out ...

A 32-year-old housewife, reportedly involved in a Rs 500 crore multi-level marketing (MLM) fraud in Tamil Nadu in 2012 along with her husband, was arrested for allegedly killing him at Moula Ali ...

FTC enforcement actions against MLM pyramid schemes can be viewed in eras, with recent years among the most active. The FTC’s first-ever Advance Notice of Proposed Rulemaking (ANPR) regarding ...

Finance Minister AMA Muhith has asked the officials concerned to arrange a seminar to get recommendations from stakeholders to prevent fraud practices by multi-level marketing (MLM) companies like ...