Warning about multi-level marketing under the guise of "starting from scratch"
The Competition and Consumer Protection Department has issued a warning about the multi-level capital mobilization activities of the "Royal Project".
According to the Department of Competition and Consumer Protection, Ministry of Industry and Trade, currently on the Internet there are postings introducing an organization/company named "Royal Project" providing consumer support solutions for the community, both saving living expenses and increasing income with many utilities.
For example, the introductory clips on Youtube social network include: "Starting from scratch from Hoang Gia"; "Introducing Hoang Gia's Consumer Packages"; "Overview of Hoang Gia Project's account management".
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| Image on the website of an organization called Hoang Gia. It introduces investment packages from level 1 to level 8, equivalent to 12 - 924 million VND with promised profits in the style of "no need to do anything but still have money". |
Along with the above information, some electronic newspapers have also warned about the activities that show signs of capital mobilization in a disguised multi-level method of the Royal Project (Royal Project Investment and Trade Company Limited or Royal Project Group Joint Stock Company).
Accordingly, the Royal Project shows signs of capital mobilization in the form of multi-level marketing through providing services called“Consumer solutions to pay back”with investment packages such as "Family Package 84 million", "Individual Package 48 million", "Pro Consumer Package 12 million", "Consumer Packages to experience with the royal family - with denominations of 1.2 million; 3.6 million; 6.0 million and 8.4 million"…Account registration and management of members' investment activities are done via the website: duanhoanggia.com.
The Department of Competition Management and Consumer Protection affirms that, up to now, no unit/organization named Royal Project Investment and Trade Company Limited or Royal Project Group Joint Stock Company has been granted a certificate of registration for multi-level sales activities in accordance with the law on management of multi-level business activities.
Therefore, to avoid material and legal risks for people, this agency recommends that people carefully research information and consider participating in investment activities and capital mobilization in the form of illegal multi-level marketing of these companies.
According to Article 217a of the 2017 amended Penal Code, anyone who organizes multi-level marketing activities without a multi-level marketing registration certificate may be criminally prosecuted for violating regulations on multi-level marketing.
