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Herbalife hit with investor lawsuit over 'pyramid' claims

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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Herbalife shares plunge on report of FBI probe

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.

QNet: EOW seizes documents from Vanmala's 'hidden' office

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

TV artiste Vijaya nabbed

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.

perfectherbs.in: herbal product marketing

sumita gupta/ We have been into the herbal inductry since 13years and started with the cultivation of the herbs. We forged into the exports of the herbs, extracts and primarily Seabuckthorn products in the year 2010. In India we are focussing on following areas: -

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QNET: Direct selling isa "potential goldmine" for women's empowerment

Many women face the dilemma of choosing between fulfilling their domestic dutiesand theirprofessional obligations. While some do an excellent job of managing the two equally, the majority struggleswith balancing personal, family and work commitments.

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How lobbying dollars prop up pyramid schemes

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.

EOW summons prominent Haresh Jagtiani in QNet case

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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20 Largest Direct Selling Companies of US

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.

QNet's India ops are legal, compliant and transparent: Zaheer Merchant

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.

Successful Women in Network Marketing

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.”

Chit fund cos approach probe panel to return investors' money

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.

Supreme Court enlisted 43 chit fund companies operating in Odisha in probe list

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.

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