Tran Ngoc Sinh, General Director of the real estate co-ownership company, solicited investment capital in real estate with a promised return of 13-18% per month, then embezzled over 6,5 billion VND.
Skyway is presented as a corporation undertaking aerial transportation technology projects, but has been warned of potential violations of Vietnamese law.
The completion of the legal framework for managing multi-level marketing aims to promote healthy development and enhance the transparency of multi-level marketing activities.
Approximately 2.000 people invested billions of VND into the self-proclaimed IBH Bank. Currently, the project's leaders have switched off their phones and the app has disappeared.
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.
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".
Jeunesse, or Jeunesse Global, shows signs of operating a multi-level marketing scheme without having been granted a certificate of registration for multi-level marketing activities.
The people are urging the Ministry of Industry and Trade and authorities at all levels to tighten business licensing and closely monitor and severely punish violations related to multi-level marketing.
Identifying signs of fraudulent and disguised multi-level marketing schemes.
Despite numerous warnings, the number of people participating in fraudulent and disguised multi-level marketing schemes continues to grow.
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