98 percent of MLM business are fly by night operators. If you happen to notice someone talking about Time and Money, most probably he is MLM agent and is going to dupe you. While studying mass communication, i have surveyed modus-operandi of various MLM companies, activities, operations, balance sheets and came to conclusion that their vision is to dupe customers and run away.
I am reproducing a news about one such MLM business fall out as under.
CHENNAI: Police arre
sted the Group MD, MD and 7 staff members of Quest Net, a private online multi-level marketing company, and sealed the company’s office on Mc Nichols Road in Chetpet. The arrested persons were remanded to judicial custody and sent to the Puzhal prison. The police also confiscated 71 kg of gold coins, 12 laptops and documents from the company.
According to the police, the arrest was made following inquiries based on a complaint lodged by V. Dinesh Kumar, who said that he had been cheated to the tune of nearly Rs.1 lakh over a period of two years. When the complainant had approached Srikanth, commission agent, seeking an explanation on Friday, he was beaten up and threatened with dire consequences.
A special team was formed under the direction of Police Commissioner G. Nanchil Kumaran, who conducted an inquiry and found that several others in Pulianthope and Otteri had also lodged complaints in the local police stations. Following the arrest, a group of persons on Saturday came to the Police Commissioner’s office to make a representation.
When they were not allowed inside, they gathered outside and raised slogans. Four persons were detained. By afternoon, hundreds of people gathered in a hotel near the Commissioner’s office and staged a protest. (Source Hindu)
Stay away from such MLM fly by night operators. There were many closures and cheating cases in the past...this is the suggestion.