Sunday 29 November 2009

Many reasons for Amway-like companies to flourish

It is an important issue why there have been very few, if not none, criminal cases against the companies like Amway, Herbalife, Forever Living Products. It has been mentioned several times that people who are introduced into the scheme of these cheating companies by their friends and relatives never prefer to file a criminal case against their own people. That has been the forte of these companies.
Many people ask why people remain mute spectators to the outright cheating. First and foremost thing is people are not aware that the business model is an illegal money circulation scheme. Secondly, very few people take initiative to approach police to file criminal cases. Thirdly, people believe that it is their fate that they lost money in the scheme but never realise they were duped. Finally, these companies blame them if they did not rope in more members to make money.

4 comments:

dtytrivedi said...

shyam lets think it in logical way.

Often it comes to individual basis when it comes to lying stealing and cheating and not on the corporate basis.

And the way u said that "Many reasons for Amway-like companies to flourish"

I also one of the many reasons where companies like amway can be the victim.

U must be aware of our the effectiveness of our judical system.

incase u want some thing more in specific.

http://www.livemint.com/2007/05/02160432/8F771B83-547A-4758-BA01-0C2C57B70065ArtVPF.pdf


the point what i am making is that if u target such companies on the basis of the argument u give, i have similarly argument for our judicial system as well.

However, i want to clarify that i mean not offence to our judicial system I respect my country. but I was just making a point and not an offence.

REMEMBER: EACH AND EVERY TIME I AM GIVING U VALID SOURCE
http://www.livemint.com/2007/05/02160432/Corruption-in-Judiciary.html

dtytrivedi said...

SHYAM WHY ARE NARROWING UR FOCUS TO DIRECT SELLING COMPANIES.

lets show u some big corporate scandal even bigger than direct selling industry itself. u must be knowing right now industry is valued at Rs 3300 crore.

u must be aware of satyam fraud (was leader in IT industry)

it made a fraud more than $ 1 billion.

So would u consider whole industry corrupt.

Frequent allegaions of drugs and pharmaceutical companies would consider industry itself a corrupt!!!

Pfizer the #1 pharma. company paid more than $2.3 billion (more than 3 times of what current direct industry is in india)

Many such litigation against beverage giants.

would consider industry corrupt.

dtytrivedi said...

and one last thing shyam

PEOPLE CAN'T BE FOOLED FOR 50 STRAIGHT YEARS

Legal Scan said...

Trivedi, do you mean let us leave the small thieves because there are bigger thieves. LoL. These bigger thieves you mentioned got caught within short time. But Amway has been escaping for many years. It is not true people are being fooled for the last 50 years. They always find new sheep (bakara).