tag:blogger.com,1999:blog-2020300354268548128.post3428505480244745119..comments2024-03-27T15:08:52.340+05:30Comments on Corporate Frauds Watch: Amway shows more earnings to induce more persons into the schemeShyam Sundarhttp://www.blogger.com/profile/06882675852552827969noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2020300354268548128.post-71650956699510745082010-09-17T06:26:12.707+05:302010-09-17T06:26:12.707+05:30Just read the latest judgement of the Supreme Cour...Just read the latest judgement of the Supreme Court of India about the pyramid schemes.Legal Scanhttps://www.blogger.com/profile/10545059126263442599noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-88746293873978553662010-09-16T10:58:33.845+05:302010-09-16T10:58:33.845+05:30ok then I am asking you both do you any informatio...ok then I am asking you both do you any information regarding any investigation conducted which makes conclusion which shyam made<br />"So far as India is concerned there is no proof that people are making money in MLM schemes".<br /><br />Well in case of Europe Consumer affairs There is a Study which has been produced by an outside contractor for the Directorate General for Health and Consumer Protection and represents the contractors views on the matter. <br /><br />Is there any document prepared by any higher authority which makes conclusion.<br />"o far as India is concerned there is no proof that people are making money in MLM schemes. There are a sizable number of losers and it is the companies which have been striking it rich. "dtytrivedihttps://www.blogger.com/profile/06124951284756790910noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-74969395050840834402010-09-16T06:13:07.970+05:302010-09-16T06:13:07.970+05:30Not only India wiser country, it has been establis...Not only India wiser country, it has been established that our judiciary is more matured.Legal Scanhttps://www.blogger.com/profile/10545059126263442599noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-84285130674146671472010-09-16T01:47:52.423+05:302010-09-16T01:47:52.423+05:30i am amazed by your response, the countries like S...i am amazed by your response, the countries like Singapore where The original Multi-Level Marketing and Pyramid Selling (Prohibition) Act was first passed in 1973. In June 2000, Parliament approved an amendment to the Act to widen the definition of pyramid selling to catch all business schemes that were multi-level in nature.<br /><br />And here shyam Says that Prize Chits and Money Circulation Scheme (Banning) Act,1978 of India is full proof, woww.....<br /><br />clearly I can see your level of your understanding. <br /><br />Simply by saying that 'India is a wiser country than other countries' with no base to the arguement does not make Prize Chits and Money Circulation Scheme (Banning) Act,1978 full proof.<br /><br />Shyam its time to look around...<br /><br />You have already demonstrated your knowledge by saying India is better than the other countries in this case.dtytrivedihttps://www.blogger.com/profile/06124951284756790910noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-38345169228560747822010-09-15T16:03:01.721+05:302010-09-15T16:03:01.721+05:30So far as India is concerned there is no proof tha...So far as India is concerned there is no proof that people are making money in MLM schemes. There are a sizable number of losers and it is the companies which have been striking it rich. <br />India is a wiser country than other countries and that is why it has introduced a wonderful enactment called Prize Chits & Money Circulation Schemes (Banning) Act, 1978. There is no pointing in making a separate enactment for direct selling which is nothing but cheating. Open your eyes Trivedi. Come to reality. They are only cheating gullible people like you. You are blindly believing whatever they fed you. That is why I pity you.Shyam Sundarhttps://www.blogger.com/profile/06882675852552827969noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-24493770530270964952010-09-15T12:47:53.056+05:302010-09-15T12:47:53.056+05:30if it was the case then why are u not considering ...if it was the case then why are u not considering the laws of other countries.<br /><br />Remember shyam that birth of direct selling didn't took place in India.<br /><br />Direct selling was prevailing in many countries before it came to India.<br /><br />Many countries have much lower crime rates then our country has. So when you speak of criminals think twice atleast. You are saying as if India is only concerned regarding pyramid and money circulation schemes.<br /><br />One country can be wrong but you cannot neglect majority of developed economies where there is a separate law for mlm and pyramid scheme.dtytrivedihttps://www.blogger.com/profile/06124951284756790910noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-32002267234883549252010-09-15T05:19:15.330+05:302010-09-15T05:19:15.330+05:30Really I pity you. There is no proof that you are ...Really I pity you. There is no proof that you are striking it rich in the 'great business opportunity' after all these years. Still, you hang around in the belief that you are going to become rich in near future. People like you are only making the criminals richer. You never realise your real situation. What can I else do other than pitying you?Shyam Sundarhttps://www.blogger.com/profile/06882675852552827969noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-2449216777052285232010-09-14T21:00:18.717+05:302010-09-14T21:00:18.717+05:30I Feel very sorry for you. Here I am showing some ...I Feel very sorry for you. Here I am showing some few examples where these developed countries have made changes in their legislation by adding definition of pyramid scheme and you are saying that you are only concerned with Indian laws.<br /><br />That is why IDSA is lobbying with Indian government to introduce a law.<br /><br />The real problem is vagueness of Indian law when it comes to defining pyramid scheme in Prize Chits and Money Circulation Scheme (Banning) Act,1978.<br /><br />I am quite sure that if people like you are more in Numbers that there Indian law would be way behind.<br /><br />If cyber crime introduced cyber laws then why not in this case.dtytrivedihttps://www.blogger.com/profile/06124951284756790910noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-60592262398840203702010-09-14T03:12:06.851+05:302010-09-14T03:12:06.851+05:30I live in India and I am concerned with Indian law...I live in India and I am concerned with Indian laws only. Under the PCMC Act, the Amway India's business model is illegal and it is proved in the Andhra Pradesh High Court. Mind it, PCMC Act is an all India enactment.Shyam Sundarhttps://www.blogger.com/profile/06882675852552827969noreply@blogger.comtag:blogger.com,1999:blog-2020300354268548128.post-56804207367928452692010-09-14T01:22:55.597+05:302010-09-14T01:22:55.597+05:30dear shyam,
Have you seen the definition of pyram...dear shyam,<br /><br />Have you seen the definition of pyramid scheme made by<br /><br />1.FTC<br />2.FBI<br />3.Chinese Prohibition of Chinese Pyramid selling Regulations<br />4.Australian Trade Practices Amendment (Australian Consumer Law) Act (No. 2) 2010<br />5.WFDSA<br /><br />The list is very big. I think you should go through it. <br /><br />And then refer to Prize Chits and Money Circulation Scheme (Banning) Act,1978<br /><br />I am sure you understand English as you accuse others of not understanding plain English. Let us see what you understand.dtytrivedihttps://www.blogger.com/profile/06124951284756790910noreply@blogger.com