WATCH CAREFULLY: What is B4U Global and is it a legitimate business?
ISLAMABAD, APR 11: B4U Global Investment scheme by Saif Ur
Rehman Khan Niazi has grown 4.5 times in less than a year with its investor
base rising from 100,000 in June to 450,000.
The Malaysia-returned Pakistani uses a controversial
multi-level marketing business model to offer people unrealistic and guaranteed
profits. The promise ranges from 7% to 20% a month (or 2.4 times a year),
depending on one’s network size.
So in December, the Securities and Exchange Commission of
Pakistan warned people against investing in any fraudulent schemes that promise
hefty profits and unrealistic incentives. B4U was on its list.
“This entity is raising unauthorised deposits from the
general public in the name of different investment plans,” the SECP said. It
added B4U is working with different companies registered with the SECP, and
that the watchdog has already initiated legal proceedings against these
companies and their directors.
There are reports that B4U is also being investigated by the
FIA.
SAMAA Money has received hundreds of questions over the past few months from people who want to know if B4U is a legitimate business or not. Editor Farooq Baloch breaks down its business model to answer them.
-------------------------------------------------------------------WATCH THE VIDEO TO GET ALL OF YOUR ANSWERS REGARDING B4U GLOBAL.
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