Company Information

Get to know eBIZ

Founded in 2001 by Pawan Malhan and his son Hitik Malhan, eBiz.com Pvt. Ltd. presented itself as an e-learning company that sold computer education packages and web-based learning products. However, its primary business model was a pyramid scheme where members earned commissions not from product sales, but by recruiting new members who paid a joining fee. The company targeted students and young people, promising them significant wealth. In 2019, Indian authorities dismantled the operation, arresting the founders and freezing assets after it was found to have illegally collected over ₹5,000 crore (approximately $700 million USD) from around 1.7 million people.

Industry

Financial FundraisingPRIMARY
Financial Other Service
Technology Software Development

Contact

Social

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

eBIZ

Hungary

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

Claim company

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.