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multi-level marketing
News updates related to multi-level marketing
Busting a multi-level marketing network selling banned substances with nearly 200,000 members
This is a multi-level marketing network of particularly large scale, with nearly 200,000 members, of which 107,348 are Vietnamese. Notably, this network trades in functional foods containing banned substances, directly affecting the lives and health of people, illegally profiting thousands of billions of dong.
Law
Tighten multi-level marketing activities
(Baonghean.vn) - Faced with the chaotic operation of multi-level marketing companies in recent times, the authorities have taken steps to tighten management to ensure consumer rights. In particular, there have been regulations to help localities overcome difficulties in managing multi-level marketing companies.
Nghe An: Highlights on April 28
(Baonghean.vn) - The Standing Committee of Nghe An Provincial Party Committee gave its opinion on the policy of building a Martyrs' Temple in the province; Posthumously awarded a Certificate of Merit to a brave male student who saved a drowning friend in Nghe An; "Firmly shielding" the border area from the risk of the Covid-19 epidemic; Proposing to prosecute illegal multi-level activities and capital mobilization fraud; Cutting off a large-scale drug trafficking ring from Laos to Nghe An... are the highlights of April 28.
Nghe An: Highlights on April 3
(Baonghean.vn) - The Politburo assigned comrade Dinh Tien Dung to be the Secretary of the Hanoi Party Committee; the Provincial People's Council decided on the number and allowance levels for part-time commune police; Arrested while transporting more than 200 kg of drugs; Former colonel infiltrated a multi-level marketing network to mobilize capital; "Hanging" villages in the heart of Vinh city... are notable information and events published in Nghe An newspaper on April 3.
Maximum increase of 10 times the penalty for violations of multi-level marketing
The Government has just issued a decree to supplement a number of prohibited acts in multi-level marketing activities. Penalties for violations by multi-level marketers, traders and multi-level marketing legal entities have also been increased.
Ministry of Industry and Trade warns against multi-level marketing of Korean cosmetic brand Atomy
The Ministry of Industry and Trade confirmed that it has not received any multi-level marketing registration documents from any company with products or brands named Atomy.
'The Church of God the Mother': Attracting followers like a multi-level marketing business
Recently, many orthodox religious dignitaries have spoken out against the actions that go against good customs and distort the Bible of the Church of God the Mother sect. Recently, the Ministry of Public Security has stepped in to investigate and warn about the illegal activities of this sect.
"Businessman" in multi-level marketing, embezzling investors' money
April 30, 2018 16:28
"Businessman" Trinh Xuan Manh was prosecuted for "fraudulent appropriation of property" using multi-level marketing to raise capital.
Average income 2.7 million/year, multi-level marketing is not the way to get rich
December 3, 2017 22:01
The Ministry of Industry and Trade said that the number of multi-level marketers is currently about 360,000, their average income is 2.7 million VND/year, so multi-level marketing can hardly make everyone rich.
Large protest in Beijing, 67 people arrested
July 28, 2017 09:39
In a late evening announcement on July 26, police in Beijing said they had arrested 67 protesters for disturbing public order.
Different opinions on criminal handling of multi-level marketing violations
May 24, 2017 10:08
The Criminal Code supplements provisions on the Crime of violating regulations on multi-level marketing with the highest penalty being 5 years in prison.
Ministry of Industry and Trade: Nha Khac Lam has not been licensed for multi-level marketing
April 29, 2017 10:21
The Ministry of Industry and Trade affirmed that Thien Ngoc Minh Uy must cease operations in accordance with regulations and this enterprise does not meet the conditions for a multi-level marketing license.
Warning: Virtual currency multi-level marketing has appeared in Nghe An
November 11, 2016 11:19
(Baonghean.vn) - Through verification, the purpose of virtual currency traders is to attract people to participate in a disguised multi-level marketing form, which can easily cause financial losses to participants and cause consequences for society.
Consider criminal prosecution of illegal multi-level marketing
November 1, 2016 19:52
The Ministry of Justice is required to preside over and coordinate with relevant ministries and branches to research and propose to competent authorities to supplement regulations on criminal handling of the activities of enterprises using multi-level models for illegal business.
Terminate multi-level marketing activities with Golden Lotus Company
October 4, 2016 19:05
The Director of the Competition Management Department (Ministry of Industry and Trade) has just decided to revoke the multi-level marketing registration certificate of Golden Lotus Investment, Production and Trade Joint Stock Company.
The Ministry of Industry and Trade has continuously punished many multi-level marketing companies.
July 20, 2016 21:18
The Competition Management Department, Ministry of Industry and Trade, has investigated and handled a series of multi-level marketing companies that showed signs of violating the law.
Ministry of Industry and Trade speaks out about violations of multi-level marketing companies
July 13, 2016 17:20
The Ministry of Industry and Trade believes that violations of multi-level marketing companies will be handled accordingly.
Nghe An: Fined 7 multi-level marketing businesses 273 million VND
July 10, 2016 15:33
(Baonghean.vn) - On April 26, 2016, the Provincial People's Committee issued Decision No. 1816/QD-UBND-NC on the inspection of law enforcement in multi-level marketing activities in the area. Through the inspection, the Interdisciplinary Team fined 7 multi-level marketing establishments VND 273 million.
14 unlicensed multi-level marketing establishments
May 21, 2016 09:55
The Ministry of Industry and Trade has just listed the names of 14 multi-level marketing businesses to warn people to avoid being deceived.
The results of the inspection of 7 multi-level marketing businesses will be announced soon.
May 8, 2016 08:16
After inspecting 7 multi-level marketing businesses in March 2016, the Ministry of Industry and Trade said it would soon announce the results.
"In jail" still running a multi-level marketing company
April 24, 2016 00:02
MB24 fraud boss Vu Ngoc Thuyen was sentenced to 4 years in prison but still runs the multi-level marketing company Vietnet.
Do Luong district takes action against illegal multi-level marketing activities
April 17, 2016 06:46
(Baonghean.vn) - Faced with the reality that some illegal multi-level marketing activities are a problem, the People's Committee of Do Luong district has stepped up propaganda work to raise people's vigilance.
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