QNet Cancels V-Con Dubai Leaving Thousands of Agents in Soup
QNet, the controversial multi-level marketing (MLM) scheme, has cancelled V-Con, its high-profile, flagship annual event that was scheduled to be held in Dubai between 8th to 12th September. The company has not given any reason for the sudden cancellation of V-Con, but thousands of independent representatives (IRs) or agents who were set to go to Dubai are seeking a refund the $350 each that they have paid to attend the event as well as their air tickets.
 
On its Facebook page, QNet says, “Due to circumstances beyond our control, unfortunately, we had to make the difficult decision to postpone V-UAE 2018.
This has not been easy for us. But we realise that proceeding with the convention under these circumstances would compromise the quality of the event.”
 
 
QNet does not mention what these 'circumstances’ were, for cancelling its prestigious event. According to sources, the V-UAE 2018 was cancelled after Saudi Arabia declared QNet as haram and activities of the MLM company as ‘misleading activity’. On 1 September 2018, the ministry of corporate Affairs in Saudi Arabia issued a warning against QNet saying that its activities are prohibited in...
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COMMENTS

Vijay Raval

2 days ago

I respect Indian constitution and Supreme court but this is really too much how they just leave this criminal to go away from jail?????????????????????????????????/

If Qnet is there than whay India need Nirav Modi or Vijay Maliya ?
this is enough to brankrupt poor and middle class .

Vijay Raval

2 days ago

They are taking Advantage of Link on Google in which they are telling Supreme Court stay on all proceedings on Fierra and other people.

Vijay Raval

2 days ago

Dubai Cancelled Event is Organized in Gujarat Starting from Tomorrow 22nd September 2018 at Thaltej well known Hotel at India Standard Time @10.00 am

This is wake up call for us to interrupt them and wake up Government also.

All spread Qnet News in all whats up Group and facebook Account with their logo and their activity so we can stop fooling of other people.

Single message spread on whats up will definetly save some people life . do not regret on your mistake save somelife.

Sanjay Verma

4 days ago

Can anyone advise if it is possible to get a refund as the person who brought me into this business has washed his hands off & not even responding to my calls....Crooks all of them...Promised Financial Freedom and n return put me in heavy personal loan debt...I shall have no recourse left but to approach Delhi Police against these so called friends/uplines.

Aditya Jaiswal

5 days ago

Simply, Qnet people think they are Albert Einstein and rest all working class people in this world are Chu...... , I too got involved in this but thank to God and some my good deeds I came out all this nonsense within very short time. They say it will bring financial freedom but believe me guys it will bring bankruptcy definitely to anyone rather than financial freedom and lots of burden of loans.
Please do some ethical work guys don't show your people that you guys don't even care and respect for any kind of law in any country atleast if Qnet is so ethical and follow Gandhi ji's ,so please be ethical and don't break laws it will give negative impression that how can be a company talk about ethics if itself breaking laws.

Sunil Shahdadpuri

1 week ago

QNet specializes in financial terrorism by playing with the emotions of an investor. I was conned into it by my colleague Reji Sams and his senior associate Makarand Patil (aka Mak) & Gurmit Singh in Dubai . I thank almighty that I could break out from their brainwashing sessions well in time before too much damage was done . I hope the other people who are still trapped in this network are able to see the reality before it's too late for them. As for QNet it's promoters should be put behind bars for making fake promises and also for selling fake products under the guise of e commerce business.

REPLY

Manmeet Singh

In Reply to Sunil Shahdadpuri 5 days ago

@Sunil Shahdadpuri,,, good morning sir, i just want to ask you some questions.

1)what kind of brainwashing do they do?
2)what do you mean by trapped?
3)what reality are you talking about?
4)what are the fake promises?
5)what are the fake products?
and

6) where are your associates now? what are they doing now?

jaideep shirali

2 weeks ago

It amazes me that when there are so many cases on against Q Net, there are advertisements from Q Net on national TV right now. How come ?

REPLY

SriPavan Tadepalli

In Reply to jaideep shirali 2 weeks ago

STFU you morons one company which has ruined the life of Millions of IRS and talk of ads any company the company calls itself a direct marketing company and does ads to promote itself.
Foot in your mouth !!

Vivek KAR

2 weeks ago

They are the biggest scam people who takes money in the name of trust. Cheated by "so called big "entrepreneurs Arti kumari and Farhana Khadeer. To name a few there are many up the ladder who just behave they have achieved big in life but fact is they take extra money without giving proper calculation. One of the worst decision of my life.

Saurabh Khanna

2 weeks ago

Even the Company name has the Word - CON. its founder responsibility to justify the name of the Company.

REPLY

Sanjay Verma

In Reply to Saurabh Khanna 4 days ago

Even the VCON is very apt for this mega scam event. Meaning WE will CON you. But nobody understood this subtle message, until now after people like us who spent so much money to land in Dubai only to be informed that its cancelled due to unavoidable circumstances...What a CON....!!! I lost more than INR 500,000 for the initial investment & travel expenses from New Delhi.

Bhuvaneswaran K

2 weeks ago

There are companies that feed on greed of people. Somehow I escaped a trap of one such MLM company.

robin cjoseph

2 weeks ago

Is there any way to get my money back, I am late to understand about these,,,,,,, business. Don't play with my life.

REPLY

Bala Murugan

In Reply to robin cjoseph 1 week ago

Robin,
Your number ?

robin cjoseph

In Reply to robin cjoseph 2 weeks ago

If its a true successful businesses then refund my 150000, and my friends to

Sneha Pawaskar

2 weeks ago

Hahahahahhahahhahaahhaa...ppl will never get there refund back..ghumte reh jaenge IR log..the cancellation of Dubai VCon is the realization for ppl who r trapped in QNET fraud.. believe me guys..VCON is just a waste of lots of money..I have experienced it..it's time to back of and fight against these bastards..Lootere..

REPLY

Aditya Jaiswal

In Reply to Sneha Pawaskar 5 days ago

Kutte hai saale , khud ki cars and kuch 20 -25 logo ki lifestyle dikha ke youth ko barbad kar rahe hai

kuldeep sharma

In Reply to Sneha Pawaskar 6 days ago

You are right, no refund. just show off krte hain ye log aur pagal bnane ka kaam hai inka. they don't even tell you that it's Network Marketing, forget that they will tell you the name of the company .

Arvind Ankam

In Reply to Sneha Pawaskar 2 weeks ago

Even i have lost more than 4lacs of rupees and I was there in Malaysia this April 2018 thought to change my life inspired by my brother and I actually got inspired and learned how to waste big amount of money in just few days.. Hahaha ha Im still roaming around police stations for my refund and police simply says "No" RIP Qnet hope all of its future Vcons get cancelled all over the world..

Sandeep Sharma2

In Reply to Arvind Ankam 2 weeks ago

Idiot u will roam whole life...this time qnet..next time znet....bcs u r made for this only.

Sonuu Tilwani

2 weeks ago

Great news 😀😀😀 I believe people have learned that their money is anyways looted... There is still time for people to understand to back off than paying more, many people have taken loans to go to event, aand are paying heavy intrests, like 80% of their salary goes in EMI , coz of joining Qnet, and if their so called close friends tell them to join Qnet , why don't they tell them about company or refund before hand, and why they don't pay Thier EMIS as promised ..... Scam company, now atleast ppl understand it's a scam

REPLY

Sandeep Sharma2

In Reply to Sonuu Tilwani 2 weeks ago

Event cancelled first time..and u came out of cocoon.....you pay their emis

kulkarni pramod

2 weeks ago

I suggest better we should file complaint against them once again and inform to police that those people still working with them have to arrest.

Vaseem syed

2 weeks ago

I have lost 225000 how can I get refund please any one advise me

REPLY

New Guy

In Reply to Vaseem syed 2 weeks ago

Dude has it been one month since you joined q net ? If yes then there us no way to get refund unkess you catch hold of the bastards who scamed you and beat them to death. If the answer is no and then you still have a chance
Just email the customer care crntre at qnet from tour registered email id stating ur IR id and email and contact number and ask for cancellation of IRSHIP and refund of amount.
You will get arepy within 48 to72 hrs and follow that line of emails.
It will take 2 or 3 months but you will get a refund for more details you can email "help stuck in qnet scam kindly help me get a refund" to the following email address and follow the instructions [email protected]

SEBI confirms Heera Gold is a Ponzi scheme, says EOW, ED and SFIO probing the MLM
The Securities and Exchange Board of India (SEBI) has clarified that activities of Heera Islamic Business Group, better known as Heera Gold, are in the nature of Ponzi or multilevel marketing (MLM) scheme. However, since these activities are beyond the ambit of SEBI and Reserve Bank of India (RBI), the case has been referred to CID- Economic Offences Wing (EOW), Enforcement Directorate (ED) and Commissioner of Police in Hyderabad, SEBI said. 
 
Replying to an email sent by Moneylife with videos of panicky investors, the market regulator’s Hyderabad office wrote to say, "Upon examination into the matter, it was found that the activities of Heera Group are in the nature of Ponzi Scheme. Further, the nature of activities of Heera Group was also discussed in the meetings of State Level Co-ordination Committees (SLCC) of Andhra Pradesh and Telangana, which are headed by Chief Secretaries of the respective states. It was decided in the meetings of SLCC that the activities of Heera Group appear to be beyond the regulatory ambit of SEBI and RBI and the case would be taken up for investigation by relevant authorities such as CID-EOW, and Serious Frauds Office of India (SFIO)....
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COMMENTS

Sonuu Tilwani

2 weeks ago

Scam company

Msayeed Qazi

4 weeks ago

Now pl. Guide to people how they can receive back their investment amount.

Msayeed Qazi

4 weeks ago

Now pl. Guide to people how they can receive back their investment amount.

Nafees Equebal

2 months ago

Dear Moneylife, thanks for sharing the news written by you. It will be better if you share the link where SEBI has confirmed. If your talking about email, then I want to know how can any media access the government internal email. I am not confirming that this is wrong news but we should know that without any proof sharing something may be SIN in front of GOD.

REPLY

Sucheta Dalal

In Reply to Nafees Equebal 2 months ago

You need to understand basics of journalism and where we come from instead of posting immature suspicions. The email from SEBI was a direct response to us based on my query to the chairman. This is a well respected publication -- not a social media gossip site. So your questions and aspersions are without logic or basis.

asif sayed

In Reply to Sucheta Dalal 1 week ago

Dear moneylife...I found Ur ans Lille rude, angryly and somewhat not on track. Hope u GT my point.

Ather Moin

2 months ago

please furnish the Email content.

REPLY

Sucheta Dalal

In Reply to Ather Moin 2 months ago

read reply above

Vasant Kulkarni

2 months ago

OPERATION SUCCESSFUL PATIENT DIED, IS THE FATE OF OUR REGULATORS.

REPLY

Ezeelok

In Reply to Vasant Kulkarni 2 months ago

Very well said. All these Regulators , Bank Officials , Investigation agencies etc are hand-in-glove with these Professional Crooks who does not spare even the God and always swear in the name of Almighty to play with sentiments of innocent & gullible though Greed is the main factor. Do you remember Crooks & Cheats Deepak Sakharam Kulkarni , Hemanti Deepak Kulkarni , Shirish Deepak & Tanvi S Kulkarni , Anuradha Purandare etc etc who are all cooling heels in Yerwada Jail for running Ponzi Scheme. They have cheated retired people and robbed them of their livelihood. These Kulkarnis took money by projecting themselves to be Followers of Veer Sawarkar , Deity Saptashrungi Mata Vani , Ganpati etc and they even issued Coded Deposit Receiots on the back side of Photographs of Veer Savarkar , Vani Mata , Ganesh Ji , Laxmiji etc depending upon Amounts borrowed. These Crooks have Cheated their Famiky Members including own daughters & Son in Laws , Employees , Investors , Shareholders , Tax Dept etc.

Mohd.Tahir Sayed

2 months ago

It looks like people in SEBI has vested interest.Otherwise forwarding an email to CID and EOW was not a big deal for watchdog like SEBI

REPLY

Ezeelok

In Reply to Mohd.Tahir Sayed 2 months ago

Well said Sir, we all know that.
They work for their selfish interest and pockets. Who cares about public. They're all crooks and have forgotten AAKHRAT.

mariyam khatib

2 months ago

Thank you Money Life for exposing the activities of HEERA GOLD

REPLY

Ezeelok

In Reply to mariyam khatib 2 months ago

Money like is doing a great job and have exposed many crooks but they do not have Executive powers to punish crooks. May Allah continue to give them Strength & Taufiq to expose these Cheats and help the suffering Community. Unfortunately Politicians , Bureaucrats , Administrators , Law Enforcement agencies etc are equally corrupt with vested interests.

Shaikh Farukh

2 months ago

Company Law Board must take action against the company as company has collected deposit from the public at large.

REPLY

Ezeelok

In Reply to Shaikh Farukh 2 months ago

Sir , Dont expect miracles from Regulators & law enforcement agencies as they're hands-on -gloves with crooks and perpetrators. What they're doing is all HARAM.

CBI quizzes another ex-Tripura minister in chit fund scam
Agartala, The CBI on Thursday questioned another former Left Front minister in Tripura and his two ex-private secretaries in connection with the Kolkata-based Rose Valley chit fund scam case.
 
Former Finance, PWD and Health Minister Badal Chowdhury was questioned by two Central Bureau of Investigation (CBI) officials at the MLA Hostel here for about two hours. 
 
On Wednesday, the CBI questioned former Left Front Minister Bijita Nath on the issue.
 
"The CBI is collecting facts from different states as part of their probe into the Kolkata-based Rose Valley chit fund scam. So they also spoke to Nath and Chowdhury," the former minister's lawyer said on condition of anonymity.
 
After questioning, Chowdhury told the media: "The officials wanted to know some information from me for the period of 2004 and 2008. I replied accordingly."
 
The CBI officials refused to talk to the media.
 
The two former ministers said they would cooperate with the CBI to probe the chit fund related cases as they wanted the accused to be punished and people to get back their deposits.
 
On Thursday, two former private secretaries of Badal...

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COMMENTS

Sonuu Tilwani

2 weeks ago

https://m.timesofindia.com/city/mumbai/2-directors-of-firm-held-in-rs-4500-crore-ponzi-fraud/amp_articleshow/65747002.cms


You all can comment here as well on FB .....who all are scammed pls do the needful

vamique sayed

1 month ago

This is a ponzi scheme.. I knew it more than a year ago when I heard about it.But in spite warning people they invested and are now repenting. Government is largely to be blamed for turning a blind eye to this for years.

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