"mlm-scam"

Three men, including one from Maharashtra, were arrested in Adilabad’s Utnoor mandal for operating a fraudulent MLM scheme called Dream Dollar Life. The accused lured people with high-return promises and collected Rs 500 per enrolment, police said.

Hyderabad: Enforcement Directorate (ED) has arrested founders of Indus Viva multi-level marketing (MLM) pyramid scheme — CA Anzar and Abhilash Thomas — in connection with Rs 1,500-crore MLM scam. The duo was arrested under Prevention of Money Laundering Act (PMLA)- 2002. The ED has initiated investigation based on FIR registered by Gachibowli Police in Cyberabad. […]

Incentives like holiday trips to tourist places in India and abroad, fancy cars or cash were being promised

We recorded the statements of the victims who approached us and complaint of losing money in the bitcoin MLM racket run in the State, said official