{"id":39752,"date":"2015-03-06T11:40:36","date_gmt":"2015-03-06T11:40:36","guid":{"rendered":"http:\/\/www.strategyindia.com\/blog\/?p=39752"},"modified":"2015-03-06T11:40:36","modified_gmt":"2015-03-06T11:40:36","slug":"facts-and-current-scenario-in-india-ponzi-mlmscams","status":"publish","type":"post","link":"https:\/\/www.strategyindia.com\/blog\/facts-and-current-scenario-in-india-ponzi-mlmscams\/","title":{"rendered":"Facts* and Current Scenario in India \u2013 #Ponzi &#038; #MLMScams"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>1) \u00a0About 400 operations promoting products by deploying the MLM compensation plan<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>2) \u00a0Majority (more than 80%) of the 400 operations follow the binary \/hybrid compensation plans<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>3) \u00a0About 1000 scams (nonviable \/deceptive) are operating which deploy the MLM compensation plan.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>4) \u00a0Data of scams deploying Single level marketing \/Agent models like Sardha, Sahara, PACL , Rose Valley , etc is not available, but are estimated to be more than 5000 and fly under the radar of SEBI , RBI and the Police<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>5) \u00a0An average of 100 operations deploying the MLM compensation plans start up every month<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>6) \u00a070 % of them are nonviable\/deceptive\/illegal \u2013 as per their compensation plans , or products\u00a0 (investments , etc without the permission of RBI , SEBI , etc) or deceptive \u2013 Misleading information on the websites<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>7) \u00a0 80% of the Scams (nonviable\/deceptive) are intentional<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>8) \u00a0 20% of\u00a0 Scams (nonviable\/deceptive) are unintentional (copy the business model\/modus operandi of scams )<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>9) \u00a0About 60 lac people are engaged with operations which deploy the MLM compensation plans<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>10) \u00a0About 10 to 15 thousand people are involved full time in Scams which deploy the MLM Compensation plans -Nonviable\/Deceptive they include Promoters, Software developers, Chartered accountants, Legal advisers and direct sellers\/agents.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>11)\u00a0\u00a0 Scams spell trouble (arrest, suspension, etc) for police officials who look the other way in exchange of favors.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>12)\u00a0\u00a0 Turnover of Scams deploying the MLM compensation plans exceed INR 10,000 crores annually.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>*As per the research by <a href=\"http:\/\/www.strategyindia.com\/\">www.strategyindia.com<\/a><\/strong><\/p>\n<p><strong>Strategy India is a direct selling consultancy firm with expertise in Single level marketing and Multilevel marketing compensation plans (SLM\/MLM)<\/strong><\/p>\n<p>Scam alerts on <a href=\"http:\/\/www.strategyindia.com\/blog\/scam-alerts\/\">http:\/\/www.strategyindia.com\/blog\/scam-alerts\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>#ponzi , #mlmscams #directselling #mlmconsultant #sebi #rbi #police<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>&nbsp; 1) \u00a0About 400 operations promoting products by deploying the MLM compensation plan \u00a0 2) \u00a0Majority (more than 80%) of the 400 operations follow the binary \/hybrid compensation plans \u00a0 3) \u00a0About 1000 scams (nonviable &#8230;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":318,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[3,1549,584,14,1550,1548,1017,1131],"_links":{"self":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/posts\/39752"}],"collection":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/users\/318"}],"replies":[{"embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/comments?post=39752"}],"version-history":[{"count":3,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/posts\/39752\/revisions"}],"predecessor-version":[{"id":39755,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/posts\/39752\/revisions\/39755"}],"wp:attachment":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/media?parent=39752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/categories?post=39752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/tags?post=39752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}