When we last checked in with the MLM industry’s fight for legitimacy over in India, the various government agencies involved were engaged in ongoing discussion as to what constitutes a legitimate MLM company. In response to the multitude of scams operating within the MLM industry and local authorities seemingly all but powerless to regulate them, [...]
It’s been nearly two years since Speak Asia was shut down by the Indian authorities and since then, apart from some very public arrests, publicly little progress seems to have been made. Led by a group of ringleaders with a murky connection to Speak Asia’s upper management, those who profited in the Speak Asia scheme [...]
To claim that the aftermath of India’s Speak Asia scam has been long and arduous would be an understatement. Back in mid 2011 the company had their primary bank accounts frozen and was effectively shut down. It was later revealed however that, amidst multiple investigations into the company, Speak Asia convinced a judge to unfreeze [...]
About two months ago, news broke in India that the long-running TVI Express pyramid scheme had resurfaced amongst Nagpur state-run railway employees. Known as the “Central Railway Department”, with senior management ringleading the recruitment drive it was estimated that “hundreds” had been duped into believing they would receive ‘double returns in eight days‘. Following a [...]
Seemingly out of the blue, last friday writ 383 which had been heard in the Supreme Court of India for just under a year was withdrawn, leaving the case disposed of by the court. Speak Asia’s supporters scrambled to make the best of the news, assuring everyone that “nothing negative” had been said about the [...]
With various courts being on holidays and what not it’s been pretty quiet on the ongoing legal battles surrounding Speak Asia. As it stands now the Supreme Court had set a date of August 8th to settle the issue of payment to the 115 petitioners of writ 383 the defamation case against Multiscreen Media is [...]
Ever since the Solomon James writ 383 petition was filed late last year, Speak Asia, AISPA and senior panelists have harped on and on about how this one case was supposed to decide everything. “Don’t worry about anything else, just follow the Supreme Court and they’ll sort everything out” was pretty much the line towed [...]
With most of the important court cases Speak Asia are involved in delayed until June or July and seemingly little development overall in the month of April, there hasn’t been all that much on Speak Asia to discuss. Whilst some senior panelists continue to run around telling everyone to be patient, “trust the company” and [...]
Yesterday saw the latest hearing of the Solomon James writ 383 petition and whilst the order hasn’t been made public, the general consensus appears to be that the proceedings are now at the mercy of the criminal investigations being conducted by various government agencies. Noticeably absent from the discussion has been any mention of exit [...]
Two of the big buzzwords currently being tossed around the MLM industry are ‘compaliance‘ and ‘being compliant’. Or in other words, attempting to ensure that a company is legal and won’t be shut down for being a thinly veiled Ponzi or pyramid scheme. Typically compliance issues are related to US-based MLM businesses (or offshore businesses [...]