I'm sure that none of you are as foolish as my gullible parents or any tribal in NE area but don't get duped by MLM/networking people lol.
My entire family made lacs of losses. The worst thing was their "downline" people also lost money some of whom were very poor and were in for the quick and massive (?) returns. I will never be able to forget it. The most foolish thing yet? They were fooled into joining 2-3 of these network business. NE region has become a playground for MLM/networking/scams. It's not just the tribal community. I'm specifically mentioning "tribals" because they were introduced by tribals in the region and I'm also one and there won't be anyone crying foul with my rant. These companies are also getting smarter. They sell overpriced products to bypass any legal issue with the govt. If I remember correctly, in India for any form of business you need to offer a product or a service to be called a legal business. MLM scams back then didn't have any of these. I did warned my families and everyone I know who join (or were planning to join) but they replied back with "are you jealous that we are about to make a lot of money and you can't?"
One of the more recent MLM scams involved the crypto market which my neighbors invited me to join. I told them a few things and left them like that.
Also if you were wondering why the govt didn't take any action it was because the wives and family members and friends of govt officers and babus were also heavily invested in it. There were massive returns for the early joiners. Stopping the scam would mean they wouldn't be able to get their investment back (~worth crores) so they just let it run the course. Few of these early "investors" included my relatives who were able to buy off huge land and properties here and there. But for the unlucky late joiners like my own family it was nothing but losses after losses.
My entire family made lacs of losses. The worst thing was their "downline" people also lost money some of whom were very poor and were in for the quick and massive (?) returns. I will never be able to forget it. The most foolish thing yet? They were fooled into joining 2-3 of these network business. NE region has become a playground for MLM/networking/scams. It's not just the tribal community. I'm specifically mentioning "tribals" because they were introduced by tribals in the region and I'm also one and there won't be anyone crying foul with my rant. These companies are also getting smarter. They sell overpriced products to bypass any legal issue with the govt. If I remember correctly, in India for any form of business you need to offer a product or a service to be called a legal business. MLM scams back then didn't have any of these. I did warned my families and everyone I know who join (or were planning to join) but they replied back with "are you jealous that we are about to make a lot of money and you can't?"
One of the more recent MLM scams involved the crypto market which my neighbors invited me to join. I told them a few things and left them like that.
Also if you were wondering why the govt didn't take any action it was because the wives and family members and friends of govt officers and babus were also heavily invested in it. There were massive returns for the early joiners. Stopping the scam would mean they wouldn't be able to get their investment back (~worth crores) so they just let it run the course. Few of these early "investors" included my relatives who were able to buy off huge land and properties here and there. But for the unlucky late joiners like my own family it was nothing but losses after losses.