Amway India CEO William Pinckney
When police in the Indian state of Kerala arrested US citizen William S. Pinckney last month, a local official attempted to explain how the CEO of Amway India ended up in handcuffs.
"With the call of easy money, [Amway has] been luring people to invest," the official told an Indian press gathering. "The new members in turn had to get more people and this was leading to illegal money circulation."
It sounded familiar. In the US, similar allegations have plagued Herbalife, the Los Angeles-based multi-level marketing company (MLM) that’s used some sketchy internet marketing tactics to expand its nutritional-supplement empire in recent years. In December, Wall Street hedge fund manager Bill Ackman placed a...
via The Verge - All Posts http://www.theverge.com/2013/6/28/4472608/the-indian-express-pyramid-scheme-investigations-amway-herbalife
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