Wednesday 6 August 2008

Fraudsters come up with another money circulation scheme a la Amway

Congratulations to the Warangal police under the able guidance of the star police officer, Viswanath C. Sajjanar who busted another racket. This time it is a computer education company which indulged in money circulation scheme in the name of giving computer education to the youth. The modus operandi is same that of Amway which has been into money circulation scheme in the name of selling products.
On 05.08.2008 basing on a specific complaint, a case has been registered vide Cr.No. 338/08 U/s 385, 420 and 34 of IPC and Sec 4, 5 & 6 r/w 2 (c), 3 of Prize Chits and Money Circulation Scheme (Banning) Act, 1978 of PS Hanamkonda against “eBIZ.com Pvt Ltd.”, Pavan Malhan, Managing Director of eBIZ.com Pvt. Ltd., Ayyappa Swamy, Aditya Bhogaraju, Mohith Manjunath, Rajesh Kumar, Phani Kumar etc.
The complaint reveals that the complainant was trapped by eBIZ.com members and they induced him to become its member. After taking membership he was initially asked to enroll further members to get more commissions. Later on he was harassed mentally in this regard. The complainant further explained about the details of the scheme which involves enrollment of members, commission earned and also the titles given to various members depending on their enrollment.
eBIZ.com Pvt Ltd. has started its business in India from 2001 headed by one Pavan Malhan with its Head Office at Noida, U.P., and started promoting computer educational programme. In the name of computer educational programme, they have schemes which are in the nature of enrollment of members.
To become a member of the scheme, a person has to pay Rs. 7, 585/-. Then the member has to further enroll more members to earn more commission. The enrollment is as per Binary plan.
If the associate sells eBIZ educational programme and web first 3 packages with 1/3:2/3 ratio under him he will get Rs.2000/-, for next 3 sales he will get Rs2000/- with 1/3:2/3 ratio, for another 3 sales he will get another Rs2000/- and this will become a cycle of 9 Sales and the associate will get a total of Rs.6000/- and for the 2nd, 3rd, 4th, 5th cycles of each 9 sales, the associates will get Rs. 3000/- for each cycle. For the 6th cycle of 5 sales the associate will get Rs. 8.000/- and the total sales will become 50 which is also called an ORBIT and the total sum of Rupees earned by the associate will become Rs. 26,000/-. From the 2nd Orbit onwards the associate will earn for 1st, 2nd, 3rd, 4th, 5th cycles of each 9 sales get Rs. 2,500/- each and for the 6th cycle of 5 sales the associate will get Rs. 7,500/- and the total sales become 50 and the earning for the 2nd Orbit will become Rs. 20,000/-. Thus depending upon the enrollment the chain continues and the member continues to get commissions.
Depending upon number of members enrolled, the members are given fancy names like:-
Silver Associate, Gold Associate, Diamond Associate, Diplomat, Silver Diplomat, Gold Diplomat,Diamond Diplomat, Ambassador, Silver Ambassador, Gold Ambassador, Diamond Ambassador, Chairman Circle.
1st Step 3 Sales: one gets Rs.2000 with sales in the ratio of 1/3 : 2/3
2nd Step next 3 Sales one gets Rs.2000/- with sales in the ratio of 1/3 : 2/3
3rd Step next 3 Sales one gets Rs.2000/- with sales in the ratio of 1/3 : 2/3
Thus every member of eBiZ.com Pvt Ltd., tries to enroll new members and thus accumulate sales, orbits so as to enable them to become Sliver Associate and thus go up the ladder to become Diamond Diplomat to Chairman Circle and so on. If he/she fails to get further enrollment, then the member tries to make his own sales to accumulate orbits and be in the rat race.
The members also arrange meetings in star hotels, big hotels with entrance fee for luring and inducing public.
Further people specially the middle class, innocent students are lured into such schemes and thus they contribute money and waste their precious time to such schemes and thereby set up a chain of further contributors, from each of whom the original contributor will get back an amount of money he had initially paid to the scheme and thereby gain financially. Each of the second set of contributor is expected to generate further sets of contributors likewise and gain money. It is financially impossible for such a chain to work endlessly with profit to everybody concerned.
All such schemes finally get broken at some stage, resulting in financial benefit to a few who had joined at the beginning of the scheme and financial loss to a very large number of contributors who had joined the scheme at a later stage. Such schemes mostly work to the detriment of middle class people and innocent students, who invariably look for some short-cut or the other for augmenting their income. Thus the gullible public would have just fallen for the scheme without understanding its non-workability.
In this case further investigation is on.
Alert: Thus the public is once again requested not to fall prey to such Direct Marketing, Multi-level Marketing, Network Marketing, Referral Marketing, Sponsor Marketing, Chain Marketing etc. Such schemes are prohibited under the provisions of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

32 comments:

JEEVAN CHAITANYA said...

hello shyam sundar garu,

it is good to see that u r against the MLM schemes,network marketing...but i have 1 doubt that why there is a course in Harvard University about network marketing & why stanford university declared that 45-55% products r sold in this way , as this is the best way to get a middleman finacially free.

Unknown said...

I thik u do not know the meaning of the word "fraud".fraud means promissing something n cheating back.eBIZ has never done such things.eBIZ has got "INVESTIGATION REPORT" from THE DEPUTY SUPERDENT OF POLICE,ECONOMICAL OFFENCES WING regarding the functionality of eBIZ.com pvt ltd.

Keep your Eyes Open,you will come to know whats eBIZ very shortly...WAIT n WATCH

Unknown said...

Excellent work Shyam Sunder. This company is actually a black mark in our country. Please i request you to make sure its banned completely and is longer successful in cheating more number of people. its actually deviating the youth from their path and misleading people. As per the statistics also, there is just 1% of the people who get bebefitted and i dont think that for that 1%, the other 99% should be cheated. Please you ebizzers stop this and realize your mistake and stop depending on others to fill your pockets. Once again thank you so much Shyam Sunder for at least taking a step forward.

Unknown said...

Excellent work Shyam Sunder. This company is actually a black mark in our country. Please i request you to make sure its banned completely and is longer successful in cheating more number of people. its actually deviating the youth from their path and misleading people. As per the statistics also, there is just 1% of the people who get bebefitted and i dont think that for that 1%, the other 99% should be cheated. Please you ebizzers stop this and realize your mistake and stop depending on others to fill your pockets. Once again thank you so much Shyam Sunder for at least taking a step forward.

NEELAGIRI said...

Ebiz.com Pvt Ltd is register with government of India. Before it starting the online functions, it is verified by registered officials. If it is illegal, why government of india given registration certificate?

gowtham said...

Sir Y u kept blogs MR.shyam sundar,i think u need money by saying others they done wrong thing,Ebiz gave life to more than 2 lakh people,from 2001 to 2007 more than 1 lack people have become crorepathi within age ig 30 years only,y i joined in ebiz becoz i gave free education to poor people can any person can do it,i dont think so,Ebiz is legal i will bet any stupid can ask me question related Ebiz,we conducted many free computer awareness programmes n many blood donations ask to rotary clubs in india,stop blaming

gowtham said...

What u know about Ebiz Mr .Ravi,First u Know About our mission then u ask question,ok if u r that much talented then answer me how can u make people literate n earn in this big country,how can u provide emplyment without enterpreneurship answwer me MR Ravi ,otherwise shut ur mouth n sit in ur home ,stopd blaming others

jordan said...

Saish
Excuse Mr sHyamSunder Sirf "Mera Bharat Mahan Kahane se kuch Nahi Hota Use Ke Liye Kuch Karana Padata Hai . So Do Something About The Country And Then Talk About It

Unknown said...

Deepa
Hello sir I dont know who r u but how come incometax department has agreed with ebiz.com pvt ltd as none of the associate is payed without a pancard. I dont think IT department will except a fraud company. Even though if it is a fraud for you then why the innocent students are arrested

sathish.B.S said...

mister after reading ur blog i'm dam confirmed that you dont have practical education in life.
IF U CANT DO SOMETHING SHUT YOUR MOUTH DONT B LIKE STREET DOG!!!!
BEHAVE PROFESSIONALLY.
GO THROUGH SUPREME COURT JUDGEMENT 12 HEARING u ppl failed to prove ebiz is wrongatleast now shut ur mouth are u ll b admitted in mental hospital.

i doubt that being this elderly person how CAN U B TIS CHEAP.
u know
1.ebiz has given education to morethan 3.6lakh ppl completely free of cost.
for HOW MANY U HAVE GIVEN??????????
2.EBIZ has created RASHTRIYA UDYOG RATNA,
wat have u given for india other than nonsense blogs.
3.ebiz has created youngest inspirational speakers for india.
type INSPIRATIONAL TALKS IN"YOU TUBE.COM"
u ll get to know.
tis ppl create awareness about goal setting,management,leadership,dreams.
WHAT HAVE U DONE.
IF U HAVE GUTS ANSWER DAMID.
I PITY ON YOU.
ON TIS CHRISTMAS EVE I PRAY TO GOD TO GIVE YOU MORE MATURITY!!!!!!!
LAST THING YOUR NAME DOENT SUIT U,MY DOUBT IS WHY HAVE BORN IN INDIA UR MODIFIED VERSION ON HITLER.
INDIA IS KNOWN FOR LEADERS NOT LIKE PPL LIKE U N UR TEAM.

Anonymous said...

hello mister or waterver your name...........

in following line im giveing some ligelities of Direct marketing or network company

1) The company sould register 1st ( the company registration act 1956)

2) the company sohould register and taking company pan number and tan nuber (cst/vat/tin/tax)

3) the written permission of ministry of commerce and ministry of corporate affairs

4) direct marketting and network marketting or multilevel marketting companies are does not came under the PRIZE CHITS AND MONEY CIRCULATION SCHEMES(BANNING) ACT 1978, (sub 1980 delhi, in 2003, act 2005)

............... i hope your mind fresh after reading my commentts..


illiteracy is better than who does not want to try...................

read all laws/ act & discuss with advocate /lawyer...........

and delete such type blog

Amar said...

Mr. Sham Sunder G it is very easy to blame some one, you know why? because if u didn't succeed in your life u also blame to your parents that what they have done for you and the day comes that you again lodge a complaint against your parents that they give you the birth but they did not do their responsibilities but mistake is not their because apne toh suna hi hoga "Ab bhi door sawera hai isme kasoor tera hai Kyu kosta hai jag ke ujjhalo ko jab tere ander hi andhera"
First faith on your self then blame others!
Aur bhai sahab agar kisi ko kamyab nahi kar sakte to leg pulling bhi mat karo

Unknown said...

If you got guts , do one thing ,go to the supreme court ,prove Ebiz wrong .I f you cant then shut up ur mouth ,and dont write this crap anymore.
Good morning JAI EBIZ

Shyam Sundar said...

Dear Friends,
It shows that you have little knowledge of criminal jurisprudence. First one has to face the criminal case in the district court and challenge it later in the High Court. Then only the Supreme Court comes in the picture. Nobody could move the Supreme Court directly.
We have such type of stupid fellows that is why these multilevel marketing companies have been cheating the gullible unabated.
The problem is with the educated brutes not the uneducated lot. These educated fellows indulge in all types of criminal activities without shame. They do not mind to join their friends and relatives in such schemes and do not also mind to lose their faith in them forever.
For your information Income Tax authorities never ask you how did you earn money. They simply ask you to pay the tax on your earnings. Paying income tax, sales tax and other taxes won't absolve anybody from the crime they have committed.

Uday Pratap Singh said...

Sir "ji",
apka vichhar jankar acha laga pr is bat ka dukh jarur hua ki aapko hamare is mission k bare me 0.1%bhi knowledge nahi hai. lagta to kuch aisa hai jaise ki aap ne bhi kabhi eBIZ.com pvt.ltd. ka hissa reh chuke ho, pr aap kuch kr nahi paye to puri duniya ko apne blog k through aware krne nikle ho. to bhaiya ji, mai apse bs itna puchna chahata hu k jo apne life me khud failure hai wo dusre ko successful hone ka rasta kaise dikha sakta hai. Aur maan lo dikha bhi diya to aap hi btana ki kitne aise bewkoof or mure truly said "GADDHE" honge jo aapki baaton ko gour farmayenge.

Sir, sorry agar kuch bura laga ho to, pr mai apko ye bata du k eBIZ.com pvt.ltd. koi company nahi hai, ye to ek mission hai jo bhale hi sirf hm indians k liye start huaa tha, pr aaj puri duniya iske saath hai


kabhi time mile in faltu k blog krne se to zara eBIZ.com pvt.ltd. ka hissa bn kr dekho, bara pyar milega,bahut mazaa ayega, tumhare pas apni family ko dene k liye samay hoga.

And lastly eBIZ ko kisiko prove krne k zarurat nahi hai.

JUST WAIT & WATCH...........

sameert said...

ebiz cheating innocent people throgh earn and learn concept, how can u learn with third class material in the form of cd's and this is shit organisation their main motive is money making concept through MLM,this company should be terminated immediately, many young students at SSLC,PUC are joining this ORG initiated by Pavan Malhan cheator

Unknown said...

great sir, but what about dis judicial decision, given by rajahmundry court??


All the eBIZ Associates who were FALSELY implicated by the police u/s 420, 34 IPC along with section 3 and 4 of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 in the crime case no. 309 and 318 of 2008 at Rajahmundry in Andhra Pradesh, have NOT been found guilty and have been ACQUITTED. The prosecuting agency (Police) have FAILED to produce ANY EVIDENCE AGAINST the ASSOCIATES (acused) who were FALSELY implicated and the Hon'ble Court at Rajahmundry has ACQUITTED all the accused persons in the criminal cases registered by Police at Andhra Pradesh.

waiting fr ur rply...

Shyam Sundar said...

Kishore,
The reply is in your comment. Just go through it and find answer. Take it as a quiz.

silvathorn said...

To all ebizers please upload 1 photo of your "certificate" people shold see that it is really equivalant to Brainware and NIIT right? (*sry* I just vomited on my keyboard...)

silvathorn said...

Found an interesting link...... thought I should share.....some of my friends may find it VERY FAMILIAR......
http://en.wikipedia.org/wiki/Pyramid_scheme
.......... Isn't the picture AMAZING??

Anonymous said...

ebiz is fraud company but it have all certificate and regestration, which is req. to run company. it is fraud because no tangibale product and in seminar they show big big things and dream and people are wasting there time and money and other people earn money.

Unknown said...

sir,
plz delete u r Blogg,
PlZZZZZZZZZZZZZZZZZZZZZZZZZZ'

Other wish it is problem to from Indian Youth .....!!!

Vishal Tiwari said...

I really appreciate Sundar and you effort in writing..but I think We educated people have the responsibility to make it practical at ground level by direct approaching to the gullible people as most of them are neither user of Internet or Blogs.
Also the mindset of Indian people also need to be changed as everybody is dreaming regarding the quick money...thanks again.

Vishal Tiwari said...

Keep it up buddy...

Unknown said...

chudmarike ebizers

Rajath said...

i think that ebiz is totally a scam they manipulate the mind of youngster the ebiz do all the illegal work legally and they mostly fool the people by the name computer educating if your course is so much useful so y there is need of big big colleges which provide the quality education can u prove that your certificate has got more value than the other big big university courses .

Unknown said...

Confused!!

Shyam Sundar said...

What confusion is there? ebiz has been cheating people in the name of technology, while Amway is cheating in the name of product sales. Both are illegal and frauds.

Shyam Sundar said...

What confusion is there? ebiz has been cheating people in the name of technology, while Amway is cheating in the name of product sales. Both are illegal and frauds.

Unknown said...

If you're intelligent, you'll get the idea in just the following words...
The Federal Trade Commission warns, "It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."

MR. S K said...

so Mr.Rajat Kundar ji you sayid that

"('i think') that ebiz is totally a scam they manipulate the mind of youngster the ebiz do all the illegal work legally and they mostly fool the people by the name computer educating if your course is so much useful so y there is need of big big colleges which provide the quality education can u prove that your certificate has got more value than the other big big university courses ."



that is your thinkind par by god ek bar ise bhi soch ke dekho ki agar yaha se jo ki 300 IIT aans ne khud design kiye huye sundar cources agar "dilde" karo na to



aap khud ko itne capable bana sakte ho ki aap microsoft mai placed ho ne ke layak ban jao


exactly Mr.Nilet kumar sinha jinki tarah.


are jara positively socho aur ek bat yad rakhna ki successful hone keliye age ya only education matter karta to bilgets,ambani,justin bieber,mahatma gandhi,are dell inpe jara najar dalna yaad nahi aa raha hoga to history jarur padhna are clg dropout the bilgets,dell are tum log jis mob. phone pe bat karte ho to vo kinki meherbani se graham bell unhone kya padha tha?


are ebiz karna sabki bas ki bat nahi hoti

again I repeat the dentence

Ebiz karna sabhi ki bas ki bat nahi hoti lekin successfull jinko hona hai education bhi req. nahi hota most of the jano ko.


ham yahape leaders banate hai leaders dete hai bigde ko sudharte hai galati hui to gali nahi pyar se samzate hai ki phir na karo yahape jannt hai neki hai imandari hai pren hai .

abhi in 2015 more than 1600000 associates are with us

If God is with us then why we fear ham to suraj ki vokiran hai jisko kitne bhi andhere mai dalo
ujala karke hi lautenge....




waiting for ur reply bloggers.

MR. S K said...

and if any person wants to be succesfull in his life then and only the nhe is welcome otherwise ham aapki success ko aapkihi jaban de janna chahenge kya aap isa kuch kiya jisse aap ke ghar valo se aapne khushi ke ansu dekhe ho garve dekha ho ki self indipendent mehsus karna kya hota haai vo bhi 18 jaisi choti umar mai mark zugarburg se bat karlo aap ko samza denge vo li yah 21st century hai baba ajam ka jamana nahi?