Guidelines for Job Seekers to be kept safe from scams and frauds:

Here are some general guidelines for job seekers to be kept safe from scams and frauds:

1. Avoid schemes that promise enormous earnings real fast or get rich quick schemes.
2. Avoid schemes that reward/give commission for recruiting members in your down-line.
3. Beware of schemes that ask new members to purchase expensive products. These schemes can collapse quickly leave you with useless stock.
4. Stay away from schemes that give more commissions on sales made by new members in your down-line rather than through your own sales of the products.
5. Beware of plans that claim to sell miracle products. If there was a cure for baldness, there would not be a single bald man on earth.
6. Don't sign-up in a sales meeting or any other high-pressure situation. Insist on taking your time to think about it. Talk it over with your spouse, a knowledgeable friend, an accountant or a lawyer.
7. Do your homework and verify the credentials from the websites of the relevant regulatory authorities. Also do a web search.
8. Always remember the Golden Rule: If it is too good to be true, then it must be False!

Gold Mine ineternational Answer of Comment 2

Gold Mine ineternational Answer of Comment 1

GMI FRAUD FRAUD FRAUD!!!

Warning for Investors - Pyramid Schemes in Pakistan

Investors are warned that multi-level marketing or pyramid schemes, albeit not specifically declared by the law as unlawful, are in fact unlawful, fraudulent, deceitful and unethical as they provide return to principal investors, entirely out of money paid into the scheme by new investors. The benefit goes to the participants joining at top layers but the vast majority of the participants, standing at lower layers are deprived of their investment and make no profit at all. A fraud is obviously committed where a person is induced to join such a scheme based on a promise that he would make a profit by participating. The pyramid fails because there is finite and limited number of potential participants. Most of the people may not be able to find any new participants below them and therefore, would make no money at all. At this point the pyramid collapses and a vast majority gets no return at all. Therefore, the investors are advised to be careful while investing their hard earned money and not to deal with any such company that through advertisements in media or printed brochures offers investment plans in pyramid schemes, multi level marketing schemes, referral schemes, binary schemes, lotteries and
membership cards etc., and induces them to invest with a promise of lucrative returns.

Public Warning regarding business activities of Gold Mine International

Guidelines from the Securities and Exchange Commission of Pakistan For Joining any MLM Business

The SEC suggests that the investors should use common sense, and the following five tips when making their investment decisions:

· Avoid any plan that includes commissions for recruiting additional distributors. It may be an illegal pyramid.

· Beware of plans that ask new distributors to purchase expensive inventory.

These plans can collapse quickly, and can be thinly-disguised pyramids.
· Be cautious of plans that claim you will make money through continued growth of your down line (commissions on sales made by new distributors you recruit), rather then through sales of products you make your self.
· Beware of plans that claim to sell miracle products or promise enormous earnings.

· Beware of shills – “decoy” references paid by a plan’s promoter to describe their fictional success in earning money through the plan.

These Tips are Suggested by SECP Securities and exchange commisions of Pakistan about Joining Any Network Marketing Company In Pakistan

YOu can Read this On SECP official Site Here is the link
http://www.secp.gov.pk/news/PDF/apr_01_04_PyraqmidMLM.pdf

Pyramid Schemes and Multi-level Marketing

In a classic “pyramid” scheme, participants make money solely by recruiting new participants into the program. The hallmark of these schemes is the promise of skyhigh returns in a short period of time for doing nothing other than handing over your money to the scheme and getting others to do the same. Many ongoing multilevel marketing schemes are also built-in pyramids selling products through a
network of distributing salespeople.
The pioneers of these schemes go to great lengths to make the program look like a marketing program for a group of products. They are neither manufacturers of any products nor dealers or distributors of any manufacturing concern. These businesses simply use the money coming in from new recruits to pay off early stage investors. As soon as these pyramid schemes reach a certain size when there is no substantial inflow of new members the whole structure collapses. At this point the schemes get too big, and the promoters cannot raise enough money from new investors to pay
earlier investors. The chart below indicates that a pyramid scheme can become impossible to sustain,
and its participants will outnumber the total population of Pakistan before reaching
the 11th level if it started with six participants in the first level. 

 

In view of the above, the general public is advised in their own interest to beware of companies and individuals engaged in such business practices. It must be noted that no one can invite and accept deposits or offer loans to general public through advertisements, unless duly authorized to do so under the law. It is recommended that you verify the status and legal aut hority of such entities from Securities and 

Exchange Commission of Pakistan or State Bank of Pakistan.

BEWARE OF PYRAMID and MLM SCHEMES IN PAKISTAN

Certain companies and individuals in the market, engaged in the unethical business practices are deceiving general public by inducing to make easy money and earn sky- high returns in a short span of time through the schemes that seek referrals and recruitment of new participants. TheseMulti Level Marketing and Pyramid

schemes are meant to fleece the hard earned money of individuals who fall prey to the incentives offered by the schemes. Companies and individuals associated with these schemes paint a very rosy picture of enormous profits and everlasting income.Participants at the very first levels may benefit from the scheme and receive the

promised income for some time while vast majority of the participants joining at the later stages would lose their entire investment without generating any income or profit. These schemes are devised in a manner that the new customer must get enrolled in a geometrical progression to endow profits to the existing members. As

soon as these schemes reach a certain saturation size, and there is no substantial inflow of new members who are basically the only source of profits, the whole structure collapses. Only a few people on top of the pyramid make money, the rest lose.

The general pub lic is cautioned not to be misled by advertisements of such lucrative schemes promising very high returns on referral or new participants joining basis,being launched in the print media, electronic media or through marketing executives. Such businesses pay hefty profits for a short period, but disappear after

collecting large amounts from public.

Press News About GMI Ponzi Scheme Fraud

Gold Mine International Pyramid Scheme

Gold Mine International MLM Money laundering Fraud

Gold Mine International Future Plan

Gold Mine International MLM Fraud in pakistan

Gold Mine International Fraud Introduction in Urdu

Mobile Number Portability (MNP) SCAM In Pakistan

We all know what MNP is by now. For those who are not aware of it, it is a service called Mobile Number Portability which enables you to switch your Mobile Phone Network without changing your Number. This can only happen with your consent and verification of your credentials. However, with the cellular/mobile telecom companies offering incentives for switching your network and giving incentives for refering your friends and family members to their network, there is now an incentive for scammers to gain from it by fraudulent means. They can trick you into switching your network and get benefit of the various incentives being offered for MNP referrals including:

1. Free Handsets
2. Free Balance
3. Free On-Net Minutes
4. Free SMS
5. Extra Balance on recharge
6. Lower friends & family rates 

This fraud is executed through an unsolicited call and/or SMS asking YOU to send a text message at short code 667 and forward the response message to other short codes such as 76300/76345/76333/76313. Such SMS may contain a voice/talky message etc. which either gives you an incentive for following instructions or warns you that your SIM will be blocked if you do not follow instructions. However, following these instructions results in your number getting ported out to another network without your consent.

For example, here is the exact text (without any corrections) of such a SMS I received:

"SIM name confram karny k lye 'MNP' likh kr 667 pe snd krde jo msg aye use 03076849769 pr bhej kr phir usi msg ko is 76300 pr bhejde warn SIM kuch dair me block hogi"

Just delete such SMS and warn others.

GMI (Gold Mine International Fraud Exposed)

TIANSHI INTERNATIONAL (TIENS) : A Multi Million Dollar SCAM

These days M/s Tianshi Int’l Pakistan Co. Pvt. Ltd (commonly known as Tianshi or TIENS) (SECP Reg#K-09031 of 2002-2003), a China based Pyramid Scheme is doing a roaring business with the support of highly influential people in Pakistan. They have recruited hundreds of thousands of people in their Pyramid Scheme!

The company has disguised its Pyramid activity with the help of MLM of spurious drugs which are high priced and not saleable so that the members ultimately rely on recruiting more members down the line and make commission that way. Such scams are referred to as “Recruiting MLM” that reward recruitment over retail sales or a “Product-based Pyramid Scheme”. Tiens is running a retail chain of stores under the name of BannerStore (SECP Reg# 0065384) as retail outlets for these spurious drugs. The BannerStore serves as the MLM front to disguise the underlying Pyramid Scheme. This scheme is bad for the people because:

1. Only the people in the top of the pyramid chain make money. The ones at the bottom of pyramid eventually lose when the scheme collapses.
2. It is Haraam! You are not selling any products nor providing a service. You are not trading. You are not manufacturing. You are basically enticing people to entice more people with greed. Members essentially become recruiters who are recruiting recruiters to recruit more recruiters! It is an endless chain of people recruiting people in their down-line!
3. Besides, the products of Tiens are made in China! They do not have any concept of Halaal or Haraam.
4. Ultimately it will collapse….creating legal problems. All the people in your down-line will realize that you misled them and sue you. You may lose your job and your reputation for good.

These thugs are exploiting mainly the students and the unemployed youths by giving them a false hope of employment and financial success. They are easily misled with promises of making their dreams come true. They get impressed by Foreign Styles, fairy tales promises, well dressed staff, modern outlook, trained presenters, and well organized functions in which they award high value gifts to few with a lot of pomp and show under the patronage of influential people. Tiens has created a high profile image by using photos of its Group President Li Jinyuan with prominent people including Chaudhary Shujaat Hussain, giving the impression that these people endorse the company. This gives this Pyramid Scheme the legitimacy it needs.

TIANSHI INTERNATIONAL (TIENS) FRAUD IN JOBS AND CAREER DEVELOPMENT

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A HUGE SCAM BY THE SO CALLED MNC 'TIENS' IS MAKING FOOLS OUT OF PEOPLE!

BIG CLUES THAT YOU NEED TO KNOW HOW TIENS IS PLOTTING IT AND WHAT CAN YOU DO ABOUT IT? (BRIEFLY)

ASK YOURSELVES AND THE PERSON AT TIENS...

1. WHY IS TIENS OFFICES KEEP CHANGING? WHY DONT TIENS HAVE A PERMENANT OFFICE SINCE TIENS HAVE GOTTEN REGISTERED. (THIS SAME SCAM HAVE BEEN PLAYED IN THE PAST BY SCAMS NAMELY BIZNAS, GMI, WHICH ALSO DIDNT HAVE PERMENANT OFFICES AND WITH TIME THEY DISAPEARED WITH PEOPLE HARD EARNED MONEY.)

ASK THOSE TIENS CHEATERS FOR THE PHYSICAL LOCATION OF THE OFFICES IN YOUR COUNTRY.?

2. WHY DO TIENS ASK FOR MONEY AT THE END OF THE 4-DAY-OBSERVATION FOR JOINING TIENS. IF TIENS ARE GIVING JOB OPPORTUNITIES TO EVERYONE YOU DONT TAKE MONEY FOR GIVING JOBS............. JUST THINK .......... AN MULTI NATIONAL COMPANY, TIENS; ASKING FOR MONEY TO GIVE YOU JOB????

DO ASK THOSE TIENS LIARS THAT WILL THEY TAKE MONEY FROM YOU IF YOU ARE OFFERED THE JOB OPPORTUNITY? AND WHY IS TIENS ASKING FOR MONEY WHEN YOU HAVE BEEN SELECTED FOR JOB.? IN WHICH RIGHTFUL JOB DO YOU HAVE TO GIVE MONEY TO DO A JOB??

3. YOU NEED TO ASK THOSE VICTIMS WHO HAVE BEEN STUNG OR DECEIVED BY TIENS COMPANY BEFORE YOU APPLIED FOR TIENS EMPLOYMENT. READ ABOUT THEIR EXPERIENCES IN THESE FOLLOWING COMMENTS ON THESE LINKS.

4. DOES U.N.O MENTION TIENS ANY WHERE ON THEIR WEBSITE??? THEY CLAIM THAT THEIR PRODUCTS ARE USED IN SPACE BY ASTRONAUTS? ARE YOU F0UKING KIDDING ME!!! 130 COUNTRIES SEND TIENS MEDICINAL, EATABLES INTO SPACE TO WHOM??? HOW MANY SPACE TRIP DO ACTUALLY OCCUR AND FOR HOW LONG?

5. TIENSHAVE TAKEN THE TOP SPOTS IN GOOGLE SEARCH WHEN EVER YOU WILL SEARCH TIENS ON GOOGLE. THEREFORE YOU WOULD FIND THIS PAGE ON TIENS VERY HARD TO FIND. SO PLEASE CREATE AWARENESS ABOUT THIS PAGE ON TIENS ON FACEBOOK AND EVERYWHERE POSSIBLE CAUSE A LOT OF PEOPLE ARE BEING TARGETED BY THIS TIEN THIEVES.

BY SPREADING AWARENESS YOU STOP TIENS FRAUDULENT OPERATIONS BEFORE TIENS WRAP UP THEIR BUSINESS AND RUN AWAY WITH PEOPLE MONEY.