Tue, Apr 19, 2022
Amway is an American multi-level marketing company, started by two friends Richard and jay van in 1959. Recently ED (ENFORCEMENT DIRECTORATE) accused the company of pyramid fraud. Let us know the business model of Amway.
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The federal agency issued a statement on Monday, alleging that the company was perpetrating a "scam" by running a pyramid "fraud" in the guise of direct-selling MLM network, as per a PTI report.
Wed, Dec 29, 2021
The government on Tuesday banned chain marketing for direct selling companies under the Consumer Protection (Direct Selling) Rules 2021.
Tue, Dec 28, 2021
The move will also help attract more foreign direct investment (FDI) and the latest technology in the sector in the coming times, they said in response to the notification of the Consumer Protection (Direct Selling) Rules, 2021
Fri, Feb 15, 2019
"Of course we do. The size and the scope and the breadth of the Indian market, we see it as a huge growth driver for us globally," Amway Inc Co-Chairman Douglas L DeVos told PTI here in an interview.
Mon, Sep 12, 2016
In the proposed guidelines, the government has clearly defined legitimate direct selling and differentiates it from ponzi schemes to help investigating agencies identify fraudulent players
Wed, Apr 20, 2016
The report said that almost one in two respondents said that they had either thought about starting their own business or are actively pursuing one
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