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Herbalife Ltd was hit with a shareholder class action lawsuit Monday accusing the multilevel-marketing company of failing to disclose to investors that its operations were based on a pyramid scheme.
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NEW YORK. Herbalife shares plummeted Friday afternoon, following a report that the FBI and Department of Justice had launched a criminal probe of the multi-level marketing company.
After being named as accused in the Rs425 crore QNet scam, Vanmala shifted its office to undisclosed location. However, the EOW raided this secret hideout and seized important documents about the MLM operations of QNet
Absconding television artiste B. Vijaya Rani, who allegedly duped scores of co-artistes of nearly Rs.2.2 crore while operating a chit fund business, was nabbed by the Hyderabad Central Crime Station sleuths on Friday.
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Company Head office ;- Kanpur
Company Head office ;- Kanpur
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Last month, a front page New York Times investigative report revealed that Bill Ackman, the hedge fund manager crusading against nutritional supplement company Herbalife, had pressured legislators and paid civil rights organizations upwards of $130,000 to start a federal investigation into the company’s business practices.
MUMBAI: The city economic offences wing (EOW), probing the Rs 425-crore cheating case allegedly committed by multi-level marketing firm QNet, on Monday summoned prominent lawyer, Haresh Jagtiani, and asked him to assist in the probe. Jagtiani is said to be a founder promoter of Bonvo Travel (India) Private Limited, a franchise of QNet.
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WASHINGTON. The Direct Selling Association (DSA) has announced the 20 Largest DSA Member Companies for 2014. The ranking is based on net U.S. sales in 2013.
Think global and act local.This is the philosophy followed by e-commerce based Direct Selling company QNet in India. The 16-year old Asian direct selling company is a comparatively young player in an industry dominated by larger direct selling giants.
The phrases Network Marketing and Multilevel Marketing brings a variety of thoughts to many. But to Debra Bonneau, Darieth Chisolm, Njide Chukwumezie and Liz Sanford the phrases mean business, opportunity and hard work. Women in network marketing have set examples of what Chisolm says has “provided the opportunity to dream big.”
Non-banking financial companies (NBFCs), which are facing legal scrutiny for unauthorised collection of public deposits, are now approaching the Justice R K Patra Commission here seeking its permission to return the investors' money.
Bhubaneswar: Despite objections by the state government counsels, the Apex Court on Wednesday while hearing a PIL filed by former Congress leader and social activist Alok Jena, ordered inclusion of Artha Tatwa (AT) and Seashore in the list of companies to be probed for duping investors in Odisha.