Saturday, 3 October 2009

IBOFB maintains stony silence again

It seems that IBOFB is dumbfounded after finding out what he asked for. He could not comment or negate what was posted. Probably he was misled by the misguided elements. After all, all the Amway adherents are misguided elements. That is why IBOFB tucked his tail and ran away.
Now let us look at the comment by Andhra Pradesh High Court against the business model of Amway India.
It is, thus, evident that the whole scheme is so ingeniously conceived that the inducement for aggressive enrollment of new members to earn more and more commission is inherent in the scheme. By holding out attractive commission on the business turned out by the downline members, the scheme provides for sufficient inducements for its members to chase for the new members in their hot pursuit to make quick/easy money.
The High Court also further commented that...
"From the whole analysis of the scheme and the way in which it is structured it is quite apparent that once a person gets into this scheme he will find it difficult to come out of the web and it becomes a vicious circle for him. In any event the petitioners have not specifically denied the turnover they are achieving and the income they are earning towards the initial enrollment of the distributors, the renewal subscription fee and the minimum sales being achieved by the distributors as alleged in the counter affidavit. By no means can it be said that the money which the first petitioner is earning is not the quick/easy money. By promising payment of commission on the business turned out by the down-line members sponsored either directly or indirectly by the up-line members (which constitutes an event or contingency relative to enrollment of members), the first petitioner is earning quick/easy money from its distributors, apart from ensuring its distributor earn quick/easy money. Thus the two ingredients are satisfied in the case of promoter too. We are, therefore, of the considered view that the scheme run by the petitioners squarely attracts the definition of “Money Circulation Scheme” as provided in Section 2(c) of the Act. (Para 35).
This is the comment put forward by the Andhra Pradesh High Court after thoroughly analysing the business model of Amway and this analysis was based on the affidavit submitted by the Amway India itself to the Hon'ble High Court.
It is clear that The members could make money by the business turned out by the downline members also. And that is the key attraction to the prospective members.
Several millions have been suffering silently after losing their hard-earned money in the business model of Amway India.
Recently eminent scientists of Centre for Cellular amd Molecular Biology (CCMB) Mr P M Bhargava and Ms Chandana Chakraborthy expressed pleasure that someone has taken the cause and filed the writ petition against the cheating company like Amway India.


IBOFB said...

If that was from a "thorough" analysis then I pity any other innocent parties that come before this court. They are simply wrong in their analysis.

No reasonable person would consider working month and years for little return to be "quick & easy money". No reasonable person would consider it "apparent" that it's "difficult to come out of the web" when the indisputable fact is that the vast majority who try out Amway do not continue with it.

It was clear the court did not do a "thorough" analysis at all, something they admitted themselves. All they did was say the investigation should continue so a properly analysis could be done.

Years later we're still waiting.

dtytrivedi said...

Its strange fact that hight court is not able to understand what is difference between genuine direct selling and pyramid scheme. They think that their observations is the only truth.

But hey do notify your govenment that direct selling industry is going got be billion dollar industry in next 3yrs.

currently its worth Rs 3300 crores consisting of 15-16 companies according to IDSA and many more are yet to come.

dtytrivedi said...

cricket industry in india is the same, an industry worthed more than billion dollar, how many people are earning as good as sachin, whats the average income earned by cricket.

if think i am saying wrong i have article with me of wharton university.

let me know if want it.

did u know there is big gap between the players in cricket ( i am not talking about 11 players i am talking about industry)

Infact some of the acedemics term indian cricket as "flawed model".

there is more corruption and polictics in cricket as u know, BCCI is valued more than the others in global cricket industry.

dtytrivedi said...

i am astonished that a group of 16 companies is consisting of Rs 3300 crores, why don't government sieze it or take action against them!!!!

dtytrivedi said...

i say forget about cricket stuff, forget amway. why dont government see the $110 billion indsutry world wide.

Is that running on the basis of AP high court!!!!!

dtytrivedi said...

you always say about AP high court, what is the supreme court judgement !! just want to know.

Or it has been proved that Amway is illegal.

Remember case filed agaist amway and judgement is totally different and u know better than me.