Sign in

Bengaluru woman's ₹4.5 lakh ‘business opportunity’ meeting sparks MLM scam fears

A Bengaluru woman was approached for a B2B e-commerce venture requiring a 4.5 lakh investment for distributor rights.

Published on: Nov 12, 2024, 12:02:39 IST
Share
Share via
  • facebook
  • twitter
  • linkedin
  • whatsapp
Copy link
  • copy link

A Bengaluru resident recently recounted her experience of an unusual business meeting, where she was urged to make a "quick" decision and invest 4.5 lakhs upfront to secure distributor rights for a B2B e-commerce venture.

Representational Image
Representational Image

In a Reddit post titled, ‘Another BLR scam’, the woman explained that a casual acquaintance invited her to meet at a café in Park Square Mall, citing a "business expansion" opportunity.

Upon arrival, she was introduced to her acquaintance’s partner, who mentioned that the “senior partner,” a woman, would join later to gauge if she had the ‘vision and mindset’ to be part of their business.

Read the post here:

The ‘senior partner’ described it as a B2B e-commerce venture where the woman would gain a ‘virtual distributor shop’ with rights to sell products from major corporations to retailers. Promised benefits included a 10-14 per cent commission, shared among partners, and a ‘lifetime royalty’ on sales from her virtual store. The catch? She would need to make a quick decision and invest 4.5 lakhs upfront to secure the distributor rights.

When she pressed for more information, such as official documentation or a website, the senior partner refused, insisting that everything she needed to know would be explained after the initial investment. “If it were on the internet, everyone would be doing it,” the senior partner claimed, emphasizing the "exclusive" and "protected" nature of the business.

The Reddit user found the arrangement suspicious, especially with the insistence on secrecy, lack of verifiable information, and a significant upfront payment. Ultimately, she declined to join, sharing that she couldn’t be part of a business she didn’t fully understand or that wasn’t openly accessible.

(Also Read: Bengaluru landlord demands 5 lakh deposit for flat with 40,000 rent. ‘Insane,’ says internet)

How did the Reddit users react?

Reddit users quickly reacted to the Bengaluru resident’s post, echoing suspicions that the business offer was likely a scam. One user quipped, “I have to make a quick decision — S.C.A.M!” while another pointed out, “It’s an MLM scam, not just a Bengaluru thing, and it’s been going on for over twenty years.”

Frustration was evident, with some noting the predictable tactics: “They keep rewrapping the same MLM schemes with slight variations — aren’t they bored yet?"

(Also Read: CCB officials demanded bribe, sexual favours from detained women in Bengaluru rave party case, claims activist: Report)

  • HT News Desk
    ABOUT THE AUTHOR
    HT News Desk

    Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Get the latest City News, local updates, weather alerts and breaking stories from Bengaluru, Delhi, Mumbai, Hyderabad and other major cities across India on Hindustan Times.