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Pyramid fraud: ED attaches assets worth Rs 757 crore of Amway India

Zangetsu

I am the master of my Fate.

Desmond

Destroy Erase Improve
Staff member
Admin
This is nothing new. I am sure everybody knows Amway's business model.

I don't get why MLMs have not been outlawed yet.
 

RumbaMon19

Feel Pain.
Also, watch this if you haven't:

Back in 2019 My neighbour was trying to sell my parents Herbalife combo, it had a protein shake, which had to be replaced with breakfast and a small orange powder to be substituted for tea. he told that our breakfast(parantha, oats etc.) is unhealthy blah blah.
 

Desmond

Destroy Erase Improve
Staff member
Admin
I guess SafeShopIndia is like this as well?
How to know whether a company is a MLM company? Look for these red flags:

  • They are mostly made up of individual members who sell the products/services and recruit other members.
  • They suggest that you have to recruit people under you and those recruits will recruit others under them.
  • They will generally invite you to some fancy cafe to discuss "business opportunities" (This seems to be a very common MO of MLM recruiters, also they will almost always be some close acquaintance of yours).
  • They will be very secretive about it if you ask them about it and insist that you speak with them in person (because many of them know the bad reputation of MLMs, this is especially very common among more obscure MLMs).
  • If you meet said recruiter, they will almost always subtly flaunt their wealth and speak about how much free time they have, etc. This is done to prey on your insecurities.

I know all of this from personal experience. If any of these points are true then it's likely an MLM.
 

RumbaMon19

Feel Pain.
^Yupp,
They also show large cheques recived by company, in lakhs, printed over large flex like they give in KBC and how they earned this in one month.
 
OP
Zangetsu

Zangetsu

I am the master of my Fate.
Amway has Seminars on playground/stadiums. And many of its old members have Helicopter. They also give Audio CD to listen to their Business Model :)
 

REY619

Ambassador of Buzz
^Yupp,
They also show large cheques recived by company, in lakhs, printed over large flex like they give in KBC and how they earned this in one month.
How to know whether a company is a MLM company? Look for these red flags:

  • They are mostly made up of individual members who sell the products/services and recruit other members.
  • They suggest that you have to recruit people under you and those recruits will recruit others under them.
  • They will generally invite you to some fancy cafe to discuss "business opportunities" (This seems to be a very common MO of MLM recruiters, also they will almost always be some close acquaintance of yours).
  • They will be very secretive about it if you ask them about it and insist that you speak with them in person (because many of them know the bad reputation of MLMs, this is especially very common among more obscure MLMs).
  • If you meet said recruiter, they will almost always subtly flaunt their wealth and speak about how much free time they have, etc. This is done to prey on your insecurities.

I know all of this from personal experience. If any of these points are true then it's likely an MLM.

True that. All of these "companies" have same MO.
 

Desmond

Destroy Erase Improve
Staff member
Admin
Amway has Seminars on playground/stadiums. And many of its old members have Helicopter. They also give Audio CD to listen to their Business Model :)
You'll get to see all that when you agree to join them or sometimes they will try to convince you to attend such a seminar to try and convince you to join.
 

quicky008

Technomancer
also they might mention that one doesn't need any special qualifications to do the aforesaid job and invite folks from all spheres of life to come and join their team-all they say one would need is a "phone with internet connection" and that's it.

They put special emphasis on lonely housewives,retired people and jobless students while recruiting potential candidates.
 
OP
Zangetsu

Zangetsu

I am the master of my Fate.
You'll get to see all that when you agree to join them or sometimes they will try to convince you to attend such a seminar to try and convince you to join.
I know it as my Father joined it long time back when Amway was making its footprint in India. He had to buy the 5k INR kit and got Audio Cassettes as goodies to listen to. Went to few Seminars and then left it within 1 year. He gave the reason of leaving as middle class people cannot afford it and even if they afford it then they will have to be a Salesman like Rocket Singh :)
 
OP
Zangetsu

Zangetsu

I am the master of my Fate.
also they might mention that one doesn't need any special qualifications to do the aforesaid job and invite folks from all spheres of life to come and join their team-all they say one would need is a "phone with internet connection" and that's it.

They put special emphasis on lonely housewives,retired people and jobless students while recruiting potential candidates.
They make you feel greedy by showing Cheque they receive per month once you have a starting chain link system.
 

vidhubhushan

Alakh Niranjan
i have been offered a golden opportunity in Qnet. unfortunately i didn't had the money so i couldn't get filthy rich.
 

vidhubhushan

Alakh Niranjan
Have you attended any of their seminars in Bangkok/Dubai?

no but i was shown many pics of it and the first person who i met talked about it. i think it was in 2011 or 2012. that person wanted me to "invest" some 5-6 lakhs or more in it. i didn't had that much to spare as in 2010 we spent whatever we had on my mother's treatment during her hospitalization and it was still going on then. during the talks i was able to extract how it will be INVESTED. i thanked him for the opportunity and returned back. when my mother asked what was it? i told her it was an Uchakka gang.
later 2 more people tried to convince me, one asked me to invest some 30-50000 (on the phone call) and the other 3 lakhs (in cafe coffee day). here they had mobile numbers of people working with banks etc. so that if required, a new INVESTOR could get a loan as well. i actually went there to meet some junior. when some senior investors tried to convince me, i told them this greed for money is waste, its just an illusion. you people need to rise above this falsity and do some work for oppresed people instead of wasting money in places like CCD. just go out and see how many people are poor and hungry out here in our city. they never called again.
 
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