Showing posts with label ebiz. Show all posts
Showing posts with label ebiz. Show all posts

Sunday, January 22, 2017

The EBIZ Scam / Ponzi Scheme

The story goes like this...
Even I was lured by some of my engg. seniors during first year (2006) for joining EBIZ, they introduced the seminar in a way that "If you come, you gonna benefit". As it was a ragging period, friendship with seniors was a priority. So, I agreed to attend one of their seminars, they also took along a few other freshers as well. They had booked a fully AC hall for the seminar. Did I tell you about the dress code? Yup, all EBIZ guys had maintained a suite and tie kind of dress, and some with goggles, kind of matrix style. We quietly went inside, and sat on the cushioned chairs. Our seniors and other EBIZ starters were standing along the side walls of the hall. Suddenly, we heard a loud roar EBIZ EBIZ... from the standing group, there passed a young smart man, again the same thing happened and another dignitory passed, the atmosphere was like 'Yo Mogembo'. We were surprised as who these prestigious people were. Anyways, thought that they might be some VVIPs. Once the hyped entrance drama got over, the stage was set to witness something supposedly life changing event. There came a slightly fat guy, one of EBIZ dignatories, he started an inspirational speech about how people from small levels have attained big, example of Microsoft's founder Bill Gates was also given, with stress on his quote "If you are born poor it's not your fault, but if you die poor it's your fault". Our minds were being programmed to understand what was to come after that. Then that guy began with statistics as to how many people in India are illiterate and how many aren't aware about computers. He even asked about computer literacy from people around, just to get attention and make the session an interactive one. People, with general sense of getting priority, stood up and answered according to their knowledge levels. I was just watching. He explained how we could learn computer languages within a few months, and get good job through a paid EBIZ CD worth approx. INR 7500. He also pitched complementary access to online study material and tutorial classes. At this point, I began to understand that definitely I should buy this CD and pay INR 7500. The orator was awesome and speech a sensational one. Now, the orator said, "How good it will be if you can earn the money back that you have spent on the CD?". Everyone was like awesome, we love all this. The speaker was about to introduce the EBIZ MLM Ponzi Scheme. He said, "You add 5 people under yourself, and we will pay you back the amount that you had paid for the CD".
I thought there is nothing wrong in adding five people, and getting the CD. Without going in detail as to who will be interested in buying an over prized CD whose material is available at cheapest rates in various books, I felt like I'll immediately buy the CD.
Then he drew his actual and special hidden card. He asked the audience, "How good it will be if they get to know a life long easy scheme complementary to the CD which will make them millionaires?".
Everyone was so amazed at the presentation that a roar of "yes" was deafening my ears.
Then, he began to explain the EBIZ MLM Plan, "Join three persons under yourself, get 10 % of money they all deposited, join more, and get more money credited to your account". He didn't forget to remind intermittently that you are spreading computer literacy across the nation by doing so. Then he explained, "How you will earn when your juniors form an agent chain under themselves, and you need not work anymore? This is where the calculations reached Crores or Billions. I was like "Wow! let's visit a Rolls Royce car showroom for demo today".
Once the theme of seminar had set in our minds like milk into curd, time came for further confidence building through on stage testimonials from top earning members.
With some disco music dignatories rolled on the stage, bosted of their cars, lavish life styles, and ease of earning billions through EBIZ. I was like "Oh! can I be like them, as per the plan, yes, I can".
I was programmed with awesome dreams of being rich; felt inspired. After the Seminar, when I came out of the hall, my seniors personally took me to few of the dignatories standing besides their brand new costly cars. I thought, "Yes, this is life, just INR 7500/- and I'll be king". This amount was quite less than what our college charged as first year fee.
The seminar consumed my whole Sunday. Travelling by city bus, I reached home at 8 PM. My mom was like "Where were you I was worried?" I said, "No need to worry, your son has got the golden key, just pay INR 7500/-, and live a lavish life".
That night, I slept thinking of ways to utilize the big amount I was slated to earn through EBIZ. Nice sleep, came morning, and the cache was clean, I could think wider. I was like what is the source of income in this business, no product/service plan, just a CD, pull people into trap get a bite of their money, a terrible story. My mom was like "When are you joining EBIZ?" I said, "The fever is over, I am okey", but this was not the case with other fellow students, many were duped of their money, some had invested the money sent by their parents for books; too bad... In short, no body got rich... the relations and friendships were broken... those who led people into trap were exposed..

Thursday, March 27, 2014

Huge scam in India by eBIZ.com.Pvt.Ltd

For the past 11 years, eBIZ.com.Pvt.Ltd founded by Mr Pawan Malhan is selling IT educational packages through the Multi-Level Marketing (MLM) format, even as the content of its courses is available on the Internet free of cost.

Some blogs even suggest that Mr Pawan Malhan was founder of a US-based MLM company SkyBiz, which was fined $20 million by the government. eBIZ sells online self-learning educational packages that contain courses on operating systems, programming languages, database and some capsules on MS Office, computer hardware and internet surfing. eBIZ nor its educational module is registered with any university or technical board; so whatever certificate is given would have little or no value in the market. 





When a person becomes an associate he pays Rs.9556 to eBIZ. To earn a commission of Rs2,000 he has to enrol two more people as his left and right legs. eBIZ's total earning works out to Rs19,112-Rs2,000=Rs17,112.The target group is the same-gullible students. Why does one have to pay for something that is otherwise available free of cost over the Internet?

This company is fooling millions of poor people and students by giving them big dreams of earning lakhs of rupees. In turn the frustrated members try to fool others by any possible even unethical means.


There are universities like MIT, UC Berkeley, Stanford University, IIT(NPTEL Courses) and lots of renowned universities providing free courses on subjects more than ebiz can even dream of.

One look at the website of this "company" made me laugh like hell. Looks like it was designed by a 5 year old...Check it out for yourself: ebizel.com
Some of the students who have attended his seminars have also said that eBIZ tries to "brainwash" them!!

pawan malhan

Update 05/07/2013: The so called "educationist" Pawan Malhan has started an online cloth business- Agamyafrom the huge profits which he made and he is promoting it from his "educational site" ebiz.

Indian Laws against MLM: http://know-mlm-fraud.blogspot.in/2007/07/indian-laws-against-mlm.html

Read more at: 
http://www.moneylife.in/article/ebizcom-uses-mlm-route-to-dupe-students-with-it-package-offer/11807.html

What eBIZ victims say :
http://www.consumercomplaints.in/complaints/wwwebizelindiacom-c239496.html
http://ebiz-pvt-ltd.blogspot.in/2008/05/ebizcom-pvt-ltd-and-ebizelcom-website.html

Update 1: Beware! Another online scam spreading in India - visitprofit.com. Read more here.

Update 2: 11 Ebizers arrested for cheating. Read more here.
                 Dear Ebiz supporters, what do you say to this? Want to get arrested and spoil your life?

Noida-based company’s ‘trainers’ in trouble over cheating allegations, 7 FIRs registered

The Prabhat Road police chowkey has registered seven cheating FIRs against a Noida-based company named Ebiz.com Pvt Ltd for  swindling people by offering attractive earnings for outsourced data entry jobs. The police said the amount involved in the graft could be around Rs 2 lakh. They have arrested five people including the organiser of the training session.




Company MD Pavan Malhotra said, “I have no idea about the complaints. The company and its selling associates are not on the wrong side of the law. 

The associates are allowed to charge nominal fees from participants for every session, which is held to disseminate information. 

Although we do not promise any work or earnings to people purchasing the packages, some selling associates have informed me that they were harassed by the police and detained for days.

It’s a possibility that some business rivals are behind all this,” he said. Sub-inspector Anjali Khare said, “These conmen lured victims by releasing advertisements in newspapers and held brief training sessions on the campuses of reputed city institutions. 

Most victims might not have taken legal recourse as each of them was made to pay only a meagre amount as training fees.” 

Source:http://www.punemirror.in/article/2/2009032620090326020834701842a7c36/Noidabased-company%E2%80%99s-%E2%80%98trainers%E2%80%99-in-trouble-over-cheating-allegations-7-FIRs-registered.html

KEEP SHARING AND SAVE YOUR FRIENDS AND RELATIVES

eBiz.com Private Limited Noida-based company was cheating the people offering e-learning with attractive slogans like ‘earn while you learn’, and enrolling students by organizing business promotion meetings in hotels. If eBiz.com Private Limited Noida-based company Agents Found in your city please call To Near police station & Inform them Or Call To "100" And try to save your friends and relatives by getting cheated. 






1) GOV Cyber Police Web (eBiz.com FRAUD) Source - http://cyberabadpolice.gov.in/cybercellwebsite/MaltiLevelMarketing.html

2) A recent meet with the popular Indian Police Service officer, Mr V C Sajjanar revealed that the police officer has fire in him against the daylight robbery of these crooks and he is ready to go to any extent to check this menace in the larger interest of people. Presently, Mr Sajjanar is the Deputy Inspector General of Police (Counter-Intelligence) - http://www.teluguone.com/news/editorial/article/a-police-officer-determined-to-end-mlm-scams-308-3230.html

3) "11 students held on cheating charge"
WARANGAL: The district police arrested 11 students, including an IIT, Chennai, student, on charges of promoting a multi-level marketing scheme in the name of e.BIZ.com Private Limited - http://www.hindu.com/2008/08/07/stories/2008080753570400.htm

4) Noida-based company’s ‘trainers’ in trouble over cheating allegations, 7 FIRs registered - The Prabhat Road police chowkey has registered seven cheating FIRs against a Noida-based company named Ebiz.com Pvt Ltd for swindling people by offering attractive earnings for outsourced data entry jobs. The police said the amount involved in the graft could be around Rs 2 lakh. They have arrested five people including the organiser of the training session -http://www.punemirror.in/article/2/2009032620090326020834701842a7c36/Noidabased-company’s-‘trainers’-in-trouble-over-cheating-allegations-7-FIRs-registered.html

11 students held on cheating charge

WARANGAL: The district police arrested 11 students, including an IIT, Chennai, student, on charges of promoting a multi-level marketing scheme in the name of e.BIZ.com Private Limited.
Disclosing this at a press conference here on Wednesday, Superintendent of Police V. C. Sajjanar said the prime accused, T. Ayyappa Swamy, 23, a student of Indian Institute of Technology, Chennai, who was among the arrested for promoting a network marketing scheme and cheating innocent students by enrolling them in the scheme.

The accused
Others arrested included: A Bhogaraju, 22, final year engineering student at Sri Venkateshwara Engineering College, Bangalore, N. Phani Kumar, an Aeronautical engineering student, Mohith Manjunath, 21, Rajesh Kumar, 21, Indla Satish, 22, a student of Bio-Technology, J. Chaitanya, 21, Boini Jagan Reddy, 22, Mekala Manoj Kumar, 21, Vivek Agarwal, 21, and Pokala Vikram(21).
Mr. Sajjanar who has been cracking down on network marketing schemes such as Gold Quest and Amway, appears now focused on the e.BIZ.com pvt Ltd.
He said the e.Biz.com was cheating the people offering e-learning with attractive slogans like ‘earn while you learn’, and enrolling students by organising business promotion meetings in hotels.

Source http://www.hindu.com/2008/08/07/stories/2008080753570400.htm


ebiz.com is surely a money circulation scheme

Mr Yerranna, one of the group of students from Andhra Pradesh studying in Pondicherry, wants to know whether ebiz.com is a scam or not. One look at the website of ebiz.com clearly reveals its true colours.


On the face of it, the ebiz.com offers colourful educational package. However, it is only a veil. Just remove the veil to know it is also a pyramid scheme. One has to become a member to purchase the package and if the member  enrolls more members he would be given nice commission. The ebiz.com is also one of those copycats of Amway India. The Amway offers some unsaleable wampum to its members and ebiz.com also offers various educational packages available in the market at throwaway price. But the whole issue revolves around only enrollment of new members. The 'compensation plan' offers good amount of commission to the members.
The members should realise that there is nothing like infinite chain and the members would be the losers ultimately.
There are already criminal cases filed against ebiz.com and they could not put forward their arguments effectively in the court of law. As long as the officials turn blind eye to the activities of such crooks, they continue to cheat people.
My humble request is not to fall prey to such schemes and lose your money.