In less than a year, the defendants of Bankland Company embezzled 479 billion VND from 5.291 people through high-interest capital mobilization, stock sales, and fictitious projects.
An illegal multi-level marketing scheme operating on the BTC Short platform, run by foreign nationals, has been dismantled.
Police have identified a criminal group operating on a multi-level marketing scheme on an exceptionally large scale, involving 9.000 people and operating across borders.
Before being prosecuted on two charges, "Fraudulent appropriation of property" and "Possession of counterfeit money," Ho Quoc Than used Trieu Nu Cuoi Company to "polish" his reputation.
The lawyer presented a legal scenario involving GFDI Company's debt to 7.541 customers totaling over 3.700 billion VND and the lenders' ability to recover the money.
The video shows a CEO flicking an employee's arm with a rubber band during a training program because he felt the employee wasn't putting in enough effort.
Vinalink, Oriflame, Seacret, and many other multi-level marketing (MLM) companies will be inspected this year regarding their compliance with laws on multi-level marketing business operations.
The seminar "The Process of Improving the Legal Framework for Managing Multi-Level Marketing," organized by VTC News, provided a wealth of information on legal documents related to multi-level marketing.
From 10-11 am on December 30th, VTC News online newspaper will host a panel discussion on the topic: "The process of perfecting the legal framework for managing multi-level marketing in Vietnam."
Netizens are seething with outrage after watching a scene where a woman is beaten with sticks by several people right on stage, while being berated by a "big boss."
Multi-level marketing (MLM) is increasingly flourishing and becoming more complex, with many people unable to get their money back after joining these schemes.
Experts point out the telltale signs of multi-level marketing scams, aiming to help people identify them and protect themselves.
The interests of multi-level marketing businesses and consumers are being protected more transparently.
The multi-level marketing industry in Vietnam is gradually stabilizing, with steady revenue growth and businesses making significant contributions to the national budget and the community.
At 10:4 AM on April 19th, VTC News online newspaper will host a panel discussion on the topic "An Overview of the Multi-Level Marketing Industry in Vietnam".
Standing before the court, multi-level marketing boss Le Xuan Giang admitted all his crimes and earnestly pleaded for leniency.
The Liên Kết Việt fraud ring leader invited former military officers to join the company, even appointing a security guard as deputy general director.
The trial of the Liên Kết Việt multi-level marketing ringleader lasted 10 days. The court planned to set up a mobile tent and invited more than 6.000 victims to attend the trial.
Under the guise of a startup company to lure young people, "Startup Team 360" is actually a disguised pyramid scheme.
The Competition and Consumer Protection Authority has just announced the termination of multi-level marketing activities by several companies.
Le Hoang Trung (born in 1998, from Yen Bai) went to Hanoi to look for a part-time job but was tricked into borrowing 7 million VND at a high interest rate (over 200% per year) to pay into a "phantom multi-level marketing" company and was crammed into a 12m2 room with 16 other people.
According to the authorities, those involved in terminating contracts with Thien Ngoc Minh Uy can report any issues to the Department of Industry and Trade or the Competition Management Department for assistance.
The Ministry of Industry and Trade has sent a document to the Departments of Industry and Trade in the provinces requesting them to monitor the activities of Nha Khac Lam Limited Liability Company. If illegal multi-level marketing is detected, appropriate action will be taken according to regulations.
Customers who don't have enough money to deposit into the system are referred to another company to borrow at a daily interest rate of 2.500 VND per million VND borrowed.
According to the head of the Competition Management Department - Ministry of Industry and Trade, after Thien Ngoc Minh Uy ceased its multi-level marketing activities, people should withdraw from the system to avoid losses.
The Ministry of Industry and Trade is considering revoking the multi-level marketing registration certificate of Thien Ngoc Minh Uy Limited Liability Company.
According to the Competition Authority of the Ministry of Industry and Trade, Thien Ngoc Minh was the multi-level marketing company that received the most penalties in 2016. Its current operating area has narrowed to 23 provinces and cities.
Sources from the Ministry of Industry and Trade indicate that, along with issuing conclusions on the operations of the inspected multi-level marketing companies, the Ministry has shared all information regarding the activities and violations of these multi-level marketing businesses with representatives of the Economic Police Department (C46) of the Ministry of Public Security.
Inflating prices and exaggerating product benefits are some of the deceptive tactics used by multi-level marketing companies to trick consumers.
Vì trót tham gia vào công ty đa cấp, nữ sinh viên lâm vào cảnh nợ nần chồng chất buộc phải nghe theo chiêu trò của công ty đa cấp, về lừa tiền cha mẹ, vay tiền người thân.
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