QNet: The Suresh Thimiri link between Vihaan and Transview

Mr Thimiri, the so-called CEO of the controversial MLM, owns registered trademark of QNet in India. He also admitted before the High Court that his company Transview imports and manufactures products for selling to Vihaan Direct, the official franchisee of QNet in India

The case of QNet, the Hong Kong-based controversial multi-level marketing (MLM) operator is taking new twists every day even as all top executives of the company in India decided to stay hidden citing a case filed with economics offences wing (EOW) of Mumbai police.

 

Interestingly, Suresh Thimiri, who is often touted as QNet India's chief executive and had denied any relationship with QNet or any of its representatives, owns the 'QNet' trademark in India through his company Transview Enterprises Pvt Ltd! See the images below obtained from Trade Marks Registry. Mr Thimiri's company has filed class 42 application for 'QNet' trademark in India.


As Moneylife reported, Mr Thimiri, in his anticipatory bail application filed on 19 August 2013, before additional session Judge DA Dholkia had said, "The applicant (Thimiri) does not hold any sort of relation neither with the Company (QNet) nor its representative (including Eswaran and Vihaan Direct Selling India Pvt Ltd) against whom the Complaint has been lodged by the respondents (Gurupreet Singh Anand) in Oshiwara Police Station." (See image below)

Transview Enterprises is an associate company of Vihaan Direct Selling that handles QNet's MLM operations in India since 14 April 2012. Before that QNet's Indian operations were controlled by QuestNet Enterprises (India) Pvt Ltd, a company registered at Chennai. QuestNet Enterprises was operating QNEI eStore, a platform from where IRs, which is how the investor-dealers of QNet are described, could place orders or buy products and also enrol new recruits. After launching Vihaan, the company asked all its old IRs to mandatorily register under the new business name in order to receive their commissions. Vihaan is a direct selling agent of QNet and had done large financial transactions with Mr Thimiri's company Transview. This made the EOW to freeze Transview's bank accounts in ING Vyasa Bank at Bengaluru.


Mr Thimiri, who in his anticipatory bail application had denied any relations with QNet and its representative, has ratified deals between Vihaan Direct Selling and his company, Transview Enterprise.

 

In his application before the Bombay High Court to defreeze bank accounts of Transview Enterprise, Mr Thimiri said, "The applicant (Mr Thimiri, director of Transview) is in the business of importing and manufacturing products such as Bio Discs, Chi Pendants, Nutriplus, Homepure, watches and various other products and sells the same to M/s Vihaan Direct Selling India Pvt Ltd."

 

These revelations may come as shocker to few die-hard independent representatives (IRs) of QNet as they strongly believe that all QNet products are imported! From where? Only the company knew about, as it is kept hidden from public view. Anyway, now with Mr Thimiri's clarification about 'manufacturing' of QNet products, these IRs will know the truth.

 

After perusing both the applications filed by Mr Thimiri before Courts, here are some facts...

1. Mr Thimiri accepted that Transview does not have any relations with Vihaan Direct Selling except supplier-purchaser relations.

2. Mr Thimiri's Transview Enterprise owns the QNet trademark (used exclusively by Vihaan) in India.

3. Vihaan Direct Selling is QNet Ltd's franchisee that carries the QNet brand name in India. After launching Vihaan, the company asked all its old IRs to mandatorily register under the new business name in order to receive their commissions.

4. Mr Thimiri has been named as accused in the report submitted by the EOW before the Sessions Court, Mumbai. It states: “The accused Suresh Thimiri has played active role in running the Money Circulation Scheme under the guise of investment opportunity and the income earned by the participants is based on enrolment of new members into the scheme.”

 

While Mr Thimiri is trying very hard to de-link himself from the probe, his own submissions are revealing truth. Vihaan Direct Selling carries 'QNet' brand in India that is registered trademark of Transview Enterprise of Mr Thimiri. The submission made by Mr Thimiri before the Courts only underline his links with QNet in India.

 

Another interesting aspect in the whole episode is all top officials (?) of QNet India do not want to reveal their identity and remain hidden. We repeatedly sent emails to the company's official PR agency and also some officials from its parent QI group.

 

We asked "Can you please tell us about Mr Suresh Thimiri, who is often labelled as India CEO of QNet on QNetIndia's Facebook page. Is Mr Thimiri the CEO of QNet in India? If not, then who heads QNet in India and who are the top management people? In addition, we would like to know the relations, if any, between QNet, Vihaan Direct Selling India Pvt Ltd and Transview Enterprises Pvt Ltd."

 

Here is the reply we received from the PR agency of QNet India...

"This is apropos our telecon now a while back and in furtherance to our earlier discussion which took place on the 30 August 2013 with regards to our client QNET, referred by you in your email. On your request, we reached out to our client again today, but they were of the same considered view that since the matter is still sub-judice, they would not like to give any comments for the time being. We will be happy to reach out to you should our client decide to make any statement to the media in the future."

 

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    COMMENTS

    gurupreet

    1 year ago

    Hello Friends,
    We have been receiving hundreds of enquiries from QNET VICTIMS across India asking on how to join the FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India. You can contact us on WHATSAPP on 9137721819 .

    Congratulations to all FFVWA on our major mile stone and success in Supreme Court of India.

    Before proceeding further I would like to mention that we are contactable on WHATSAPP on 9137721819 and victims can contact me on Whatsapp on this number only as my two phones were stolen in Delhi and my main number 7498053701 could not be recovered.

    A brief summary on the need for forming the FFVWA is summarised in the two news stories below:

    https://www.mid-day.com/articles/qnet-forms-financial-fraud-victims-forum-scam-gurupreet-singh-anand/17659179

    https://www.mid-day.com/articles/victims-of-fraud-unite-to-catch-qnet-scamsters/19309192

    As you are aware we have successfully fought the best criminal lawyers appearing for QNET SCAM till date including lawyers like Kapil Sibbal, Salman Kurshid, Mahesh Jhetmalani, Abaad Ponda…the list is long. The fight is being fought on LEGAL GROUNDS with good FACTS and DATA. The fight has not been easy and but each and every court that I have appeared and argued my case In-Person I have won inspite of BIG MONEY POWER/PRESSURES etc from the QNET SCAM supporters.

    You can become part of our organisation FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India by downloading the membership form from

    DropBox at

    https://www.dropbox.com/s/2piy8eudhlz3oj6/FFVWA%20Membership%20Form.pdf?dl=0

    and filing it properly and sending it across by courier to:
    Anuja Kotecha (Joint Secretary)
    Flat no 701, Nazreth Niketan,
    Charath Singh Colony, Behind Dragon Fly Hotel,
    Andheri-east, Mumbai: 400093
    After having completed the form please take snapshots of the same and whatsapp to us on 9137721819.

    Please beware there are no short cuts to refund, stay away from individuals who promise you refunds illegally using various tactics. Stay united and fight for your rights LEGALLY.

    Regards
    Gurupreet Singh Anand
    Anuja Kotecha & FFVWA

    jitu moni

    3 years ago

    http://www.mid-day.com/articles/qnet-case-scam-mumbai-news-mumbai-airport-arrest-eow-aditi-mitra/18084164
    The Economic Offences Wing (EOW) of the city police arrested a woman in her early 30s on Thursday for her active involvement in the multi-crore QNet scam. The total number of arrested accused has now reached 47, which includes Billiards champion and Padma Bhushan recipient Michael Ferreira.
    In the Rs 1,000-crore scam of Hong Kong-based company QNet, nearly 5 lakh investors across the country were duped. QNet has been accused of using the banned binary pyramid business model for its multi-level marketing schemes to lure investors.

    QNet posed as a marketing firm selling bio-discs, watches, herbal products, holiday packages, etc. It also claimed that by using the bio-disc, one could cure cancer and brain diseases, the police said.
    Too much baggage
    Accused Aditi Mitra was intercepted at the Chhatrapati Shivaji International Airport, and subsequently, arrested based on the lookout circular that had been issued against her.

    Assistant commissioner of police Arun Jadhav confirmed her arrest said she was sent to police custody till March 23.
    Mitra was allegedly trying to flee to Dubai for good. She was carrying eight big bags and two handbags. Of the eight, two contained her belongings; she refused to say what was in the other six, sources said.

    Mitra, an independent representative associated with QNet, had been getting hefty commissions in return. She has multiple bank accounts, with one alone having Rs 25 lakh, as EOW officials found, adding that all her bank accounts have been frozen.

    Active player
    Investigators found that on the instructions of the other accused, Mitra was actively involved in the scam. She had brainwashed victims in order to induce them to invest in the scheme,” said special public prosecutor Pradip Gharat.

    A victim, Sewri resident Arpita Majarekar, said, “She would conduct welcome sessions in malls and trap people with her sweet talk.

    She had promised me and many others that if we invested in the scheme, we would get double the amount in three years.” Majarekar, who works in a private firm in Andheri, had invested nearly Rs 12.5 lakh in the scheme through Mitra.

    She has been booked under relevant sections of the Maharashtra Protection of Interest of Depositors in Financial Establishments Act, Prize, Chits and Money Circulation Schemes (Banning) Act, and the Indian Penal Code.

    gurupreet

    3 years ago

    GOOD NEWS...QNET VICTIMS IN MUMBAI...DEDICATED QUESTIONS & ANSWERS SESSION FOR QNET VICTIMS on Sunday 18th September 2016.

    Ever since you lost your hard earned money in QNET SCAM, you all have multiple questions and facing multiple issues like :

    1. Where and whom to approach for recovering your hard earned money?

    2. How to help fight and stop this QNET SCAM?

    3. How to teach your CHEATER UPLINES a lesson?

    4. Issues regarding the “so called” “REFUND POLICY”.

    5. Are you eligible for “Compensations”?

    6. Issues regarding action buy police authorities.

    7. What is the status of the court cases etc.

    These are an example of just a few issues and concerns you are facing, but there is GOOD NEWS for you all. We have been working overtime to try and bring an end to these woes and issues faced by Victims of Financial Frauds like this QNETSCAM.

    So guys and girls tomorrow is the BIG DAY finally , Please do join us tomorrow (Sunday) afternoon at 1.30 PM sharp at Andheri east, outside Sarangi Restaurant (Just 1 minute from the Andheri station on the east side).

    Please do come and also inform other victims of the QNETSCAM.
    Tomorrow (Sunday) afternoon sharp 1.30 PM, outside Sarangi Restaurant , Andheri-east, Mumbai.

    Please note we have limited seats, first come first served basis allotment..so make sure to reach in time __/\__ . You can contact on 7498063701 in case of difficulty in locating us :)

    Jai Hind.

    jitu moni

    3 years ago

    http://timesofindia.indiatimes.com/city/hyderabad/4-persons-associated-with-MLM-company-arrested/articleshowprint/54204335.cms?null
    Four persons, who were associated with Hong Kong-based QNET, a multi-level marketing (MLM) company, and duped 200 persons by promising them jobs, were arrested by Central Crime Station (CCS) officials on Thursday. However, the MD and directors of QNET and its sister company Vihaan Direct Selling are still at large.


    Deputy commissioner of police (CCS) Avinash Mohanty said Sreenath Konda, Prasanna Kumar Reddy, V Kanchana, B Dhan Raj were arrested from different locations in the city for cheating people.


    Police said the accused had been enrolling gullible people as agents by collecting Rs 10 lakh from a group of 10 persons.


    Each person would be given status of promoter, direct them to attract a group (i.e., 10 persons) and make them join QNET by paying Rs 10 lakh, for which the promoter would be assured commission.

    jitu moni

    3 years ago

    http://zeenews.india.com/news/maharashtra/qnet-case-sc-directs-maharashtra-govt-to-file-latest-probe-report_1924693.html
    Mumbai: The Supreme Court on Thursday directed the Maharashtra Government to file the latest status report regarding investigation so far on the anticipatory bail plea of World Billiards champion Michael Ferreira and four others, who are facing charges of money laundering in the multi-crore QNet case.

    The next hearing in the matter will take place on September 14.

    Besides Ferreira, the others whose anticipatory bail plea were rejected were Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt. Ltd, and Suresh Themiri, director of Transview Enterprises.
    They are facing charges under Sections 420 (mischief), 468 (forgery), 471 (using forged document knowing it is not genuine) of the Indian Penal Code (IPC).

    Justice Mridula Bhatkar of the Bombay High Court, who took on record the statement of public prosecutor Pradeep Gharat that investigations were still on, had in May rejected their anticipatory bail pleas.

    Ferreira had started the operations of QNet, a multi-level marketing company, in India via his firm Vihaan Enteprises.

    The QNet cheating case began with a complaint by Gurpreet Singh Anand, who raised his voice after losing Rs. 30,000.

    According to the police, the money involved has crossed Rs. 1,000 crores in the alleged scam with more than five lakh investors allegedly losing their money in the case against QNet which is being probed by the Economic Offences Wing.
    ANI

    jitu moni

    4 years ago

    http://www.newsambit.com/eow-of-delhi-police-registered-case-against-qnet-india-and-its-irs/
    NewsAmbit, New Delhi
    Delhi Police Economic Offence Wing(EOW) has registered an FIR against QNET India/Vihaan Direct selling India Private Limited and its three independent representatives on the allegations of cheating and fraudulently operating the multi level marketing, which is illegal in India. Police have initiated the investigation and suspecting huge scam, which is estimated in crores.
    A senior Police officer of EOW said that we received a combined complaint against QNET India and its three independent representatives from more than dozen of people in the month of March this year. As per the allegations of main complainant Anuj Jain alleged that his friend Himashu Aggarwal approached him for an business opportunity. He said that he is an independent representative(IR) of an e-commerce based company. He said that he can arrange an meeting with the other IR’s who will tell you about the business and if they find you suitable you will get chance to be a part of the company. After few days Himanshu called Anuj Jain to come with a CV at a café situated in Nehru Place area on 29 November 2015. Anuj reached there, where he met with Himanshu and his to associates Anita Jaggi and Kanika. Trio told him about the business profile and also assured that this is not a networking marketing company. They demanded Rs 6.5 lakh to be a member of the company. They also said that company has millions of customers. IR of the company is treated as a partner and also got the profit share for each sale. After three four days Anuj gave them 6.5 lakh rupees but after some time he got to know that this is a multi level marketing company and fraudulently cheating innocent persons by roping them in it’s banned business with the help of IRs.
    Police said that Anuj is not the only complainant so many more complainants also approached to EOW. After which a preliminary enquiry had conducted. It was found that some persons who are termed as IR contact their friends and close persons to join a new e-commerce business. They don’t tell the name of the company or complete business module at the beginning. After alluring them they set various amounts from the victim. Independent Representatives(IR) get training during the joining and talk to make further members. These kinds of IRs of the company are operated from different cafes and food courts situated in Delhi and NCR.
    Those who join the company get user id etc and products like ravel packages, some other items etc are shown purchase from their money. The delivery address given in the portal is also found of overseas area most of the time and mostly that address is too fake type location only which shows that no products are being sold and it is a completely a money circulation scheme. Two websites were found involved in the namely www.unetindia.in and www.cmetindia.net were found mated to Vihaan Direct selling (India) Pvt ltd which is stated Indian Franchisee of Hong Kong based net company. Investigations are on. Police are trying to unearth the whole network of the IRs on which this company is running its business unlawfully in Delhi. A case has been registered u/s 420/120B/34 IPC and 4/5/6 of Prize Chits and money circulation Schemes(Banning) Act,1978 .

    Profiles of IRs
    Himashu works with Samsung
    Anita Jaggi works with RBS

    jitu moni

    4 years ago


    Bluru QNet agent who earned 50L a yr as commission held
    Mumbai: The Economic Offences Wing (EOW) has arrested Ram Singh, an accused in the Rs 1,000 crore QNet case, for earning Rs 50 lakh or more as commission each year from proceeds of the crime.

    Singh, a Bengaluru resident, was arrested last week after the imigration authorities at Bangalore airport detained him over a look out circular notice (LOC) issued by the Mumbai police. "We are going through all his bank account details and trying to ascertain the source of money to his account," said DCP Pravin Padwal of the EOW.

    Singh's name had cropped up during the initial investigation in 2013 but the police could not locate him then. In January 2015, a police team visited his Bengaluru residence but did not find him there. The house was locked. He is the 19th accused to be arrested in this case so far.

    "We are working to arrest all the culprits in this case. A special investigation team has been formed to nab the othe accused invovled," said Dhananjay Kamalakar, joint police commissioner, EOW. Singh, said police sources, has been sending money to his daughter who is studying in Canada. "We have to know his source of income. He has sent a major chunk of money to Canada. We suspect this money was gained from QNet. Moreover, he was looking after the QNet business in Dubai and has been shuttling between Dubai and India. We got his passport number late. Soon after getting it, we issued an LOC notice and he was detained," said an officer.

    A special MPIDA court in February this year rejected the anticipatory bail plea of Michael Ferreira (77) winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others, Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt Ltd and Suresh Themiri, director Transview Enterprises. They all have approached the high court now in the QNet case.

    "They posed as a marketing firm which would sell bio-discs, watches, herbal products, holiday packages, etc. They even claimed that by using the bio-disc, one can cure cancer and brain diseases," cops said. Some money has been transferred to Malayasia, Singapore and Hong Kong, too, cops added.

    jitu moni

    4 years ago


    http://timesofindia.indiatimes.com/city/mumbai/EOW-to-now-probe-celebs-role-in-QNet/articleshow/52333087.cms
    Mumbai: The city's economic offences wing (EOW) is now looking into allegations that several Bollywood celebrities campaigned for the cheat firm, QNet, through advetisements or by promoting the schemes of the self-proclaimed marketing firm.

    Gurupreet Singh Anand, complainant in the Rs 1,000-crore QNet cheating case, on Wednesday said at least four Bollywood actors promoted the Ponzi schemes at different times in the QNet's promotional programs in United Kingdom and Malaysia. He has submitted a 23-page letter wherein he has attached the celebrities' pictures promoting the programs.

    "I have submitted letter and all the relevant information to the EOW on May 12. I am hoping some action soon," Anand told TOI. He alleged that the money was laundered from India to Hong Kong and Malaysia.

    Anand was speaking at a press conference where suddenly a group of QNet sympathisers appeared with "I trust QNet" placards.. They were later asked to leave the conference room.

    jitu moni

    4 years ago

    QNet: Secret SFIO report says MLM, Ponzi schemes a threat to national security
    Read article http://www.moneylife.in//article/qnet-secret-sfio-report-says-mlm-ponzi-schemes-and-lsquo-a-threat-to-national-security-and-rsquo/46817.html

    jitu moni

    4 years ago

    Hello Everyone

    The company Qnet is celebrating VCon from 3-7 May. As a present,yesterday late night, I posted lot of comments on numerous pics uploaded on Instagram. I also posted on VChief Pathmans account. Unfortunately, they kept deleting my posts and had to ultimately block me. If each one of us, Indians, takes to instagram and starts posting messages like me, then they would have to either block us or abandon their account, which is their money making tool. You can start with Qnetofficial,TheV, Pathmans account, etc with phrases like Pyramid Scheme, Qnetscam, Franchise Fraud, Police arrests, court cases,Cheating, etc. They cannot stop us if we all work as one unit.

    Hope we all teach them a lesson and save other fellow Indians.

    Jai Hind

    jitu moni

    4 years ago

    http://www.asianage.com/mumbai/cm-devend...
    CM Devendra Fadnavis has assured detailed inquiry into QNet: BJP
    Chief minister Devendra Fadnavis has promised to make a detailed inquiry of the alleged irregularities by the QNet multilevel marketing company and take action against the offenders, said BJP spokesperson Madhav Bhandari on Saturday. Former union minister P. Chidambaram’s wife was a legal counsellor with the company.

    The QNet company, which was earlier known as Goldquest, has cheated 12 lakh people to the tune of thousands of crores of rupees. The court has rejected anticipatory bail to the accused in this case. When the CM was contacted about this, he promised to make a detailed inquiry and take action. If necessary, he said that the CBI’s help would also be taken, said Mr Bhandari.

    The party spokesperson demanded that the role of former Union minister P. Chidambaram and his wife needs to be probed in this case. “Mr Chidambaram’s wife was a legal counsellor of the concerned company. Taking note of complaint registered by a lawyer from Chennai, the Central Vigilance Department handed over the case to the CBI. The complaint also has a mention of former Union minister Shashi Tharoor. However, the CBI did not investigate the matter during the tenure of Congress government at the Centre,” he alleged.

    In Maharashtra, the wife of Gurpreet Singh Anand had in 2013 filed a complaint of fraud against the company. However, there was not much inquiry during the Congress-NCP regime. But since the court has denied anticipatory bail to other accused, including sportsman Michael Ferreira, the investigation can be expedited. Many sensational things are expected to come out in the investigation as the CM has promised to carry out a detailed probe in the case, said Mr Bhandari.

    jitu moni

    4 years ago

    Mumbai police seeks Zee business help in probe of QNet
    https://http://www.youtube.com/watch?v=RabPkRNutwU

    jitu moni

    4 years ago

    http://timesofindia.indiatimes.com/city/...
    A group of investors in the QNet multi-level market case on Sunday gathered near Holy Family Church and marched as a protest and public awarness against ponzi schemes. The protesetors reached at the house of accused Padma Bhushan Michael feriera in the QNet cheating case. The protesters were holding placards that read, Michel Ferriera Shame Shame! and Ban QNet".

    "We chose Bandra for protest since most of the accused in this scam reside here. We had informed the police in advance and stated that the peaceful march will be for awareness about such fraud schemes and protest against such ponzi schemes," said Gurpreet Singh Anand, the first complainant in the QNet cheating case. He added that thgough it was his birthday but he did not spend time at home and was busy in the awareness drive.
    Similar protests were held in New Delhi, Bangalore and Hyderabad on Sunday. Last month a special MPIDA court rejected the anticipatory bail plea of Michael Ferreira, winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others in the QNet case. They have approached the Bombay High Court for anticipatory bail. Ferreira, 77, and others had applied for

    jitu moni

    4 years ago

    http://timesofindia.indiatimes.com/city/...
    The economic offences wing of Mumbai police, probing the multicrore Qnet scam, has issued notices to Indian Super League (ISL) officials to gather details about taking sponsorship from the tainted company.
    Qnet had made celebratory association as the official direct selling partner of Goa Football Club (FC Goa) throughout the Indian Super League 2015 season, from October to December. FC Goa is a part of the ISL football league tournament. Sources said the police are trying to find out the how the proceeds of crime of a company under serious investigation, have been used to sponsor the team. Police are also baffled as how the Qnet managed to generate money when its accounts have been seized. "We have sum moned ISL officials to understand the amount and flow of money in their sponsorship from the Qnet company which had defrauded several investors," said an official.

    jitu moni

    4 years ago

    The fight against the Qnet scam wheré more than 7000 crores of rupees has been laundered out to foreign shores from India has just got bigger.

    The Saradha Scam which started mainly in Bengal looks relatively smaller compared to the Qnet scam which had defrauded people across various cities like Mumbai,Delhi,Bangalore,Hyderabad etc for over a period of 10 years.

    To unite and protest against this MLM scam plaguing India, all victims,activists, are requested that they gather outside Holy Family church,Hill Road,Bandra West at 10.30 A.M. tomorrow 24th April,2016.

    Various press and media agencies will be present to cover the event meet and address grievances to authorities.

    The current government has taken note of the Qnet scam and matter will be taken up at upcoming Parliament session.

    All Indians are cordially invited to support the cause and join in the protest. We need to end the scam by spreading awareness and recover the money taken away by the scamsters.

    A request to all to please forward this message on Facebook, twitter and WhatsApp groups... Jai Hind

    Dev

    4 years ago

    LINKS TO ARRESTS/FIRS IN GURGAON/HYDERABAD IN QNET MATTER

    http://timesofindia.indiatimes.com/city/...

    http://www.thehindu.com/news/cities/bang...


    YOU CAN REPORT ANY FRAUD BY ANY PONZI SCHEME TO THE FOLLOWING (DEPENDING ON THE CITY IT HAPPENED). SEND YOUR COMPLAINT BY REGISTERED AD OR VISIT PERSONALLY AND TAKE A STAMPED ACKNOWLEDGEMENT. THIS WILL ALSO ENSURE THAT IF ANY MONEY IS DISBURSED FROM ANY SEIZING OF ASSETS/MONEY UNDER ACTS LIKE MPID ACT, YOU WILL BE ABLE TO LAY A CLAIM

    THE FULL LIST FOR EVERY STATE IS AVAILBALE AT https://rbi.org.in/commonman/Upload/English/Content/PDFs/LNA100112C_M.pdf

    FOR MAIN METROS, THIS IS THE ADDRESS

    MUMBAI

    THE JOINT COMMISSIONER OF POLICE (EOW)
    MUMBAI POLICE
    Ground Floor, Annexe 2 Building
    Police Commissioner Office
    Crawford Market, Mumbai - 400001

    DELHI

    Deputy Commissioner of Police
    Economic Offences Wing
    Delhi Police
    Mandir Marg
    New Delhi 110001

    BENGLURU

    Cyber Crime Police Station,
    CID Annexe Building, Carlton House,
    # 1, Palace Road,
    Bangalore - 560001.

    CHENNAI

    Deputy Commissioner of Police(EOW)
    Chennai Police
    Economic Offences Wing CID
    C 48, II- Avenue, TNHB, 3rd Floor,

    Anna Nagar, Chennai-40.

    HYDERABAD

    Office of the Addl.Director General of Police,
    Crime Investigation Department
    Andra Pradesh at RBVRR Telangana State Police Academy,
    Himayatsagar,Hyderabad-500091, Telangana State

    NOTE: YOU CAN CHECK WHERE THE ECONOMIC OFFENCES WING (EOW) OF YOUR STATE/CITY IS LOCATED AND VISIT PERSONALLY AND LODGE A COMPLAINT

    Dev

    4 years ago

    http://www.thehindu.com/news/cities/bang...

    Six persons have been arrested for allegedly running a marketing scam through the company Qnet.

    According to the police, the company is engaged in a ‘chain link multilevel marketing’ scam. Persons were encouraged to pay Rs. 2,500 and join as ‘members’ with the promise of high commissions for getting more members into the organisation, said the police who received ‘numerous’ complaints. Over 100 people were ‘duped’ into joining, says a police release.

    Members could offer ‘packages’ that cost between Rs. 40,000 and Rs. 3.75 lakh, and would get commissions up to 30 per cent for enticing others to avail these packages.

    The Central Crime Branch, fraud and misappropriation squad, raided the company’s office at Byappanahalli on March 13 and arrested six persons. A release said Amit Soni (34), Ashok Sharma (33), Rakesh M. (33) – all from Mumbai – Nikunj Kumar (29), Avinash Shah (32) and Ankit Kandel (34) – all from Kolkata – were arrested.

    However, a company spokespersons said the charges are ‘baseless’ and the operations – which includes networking – had been ‘misconstrued’ as a Ponzi scheme.

    Agyat Vyakti

    4 years ago

    Off the topic. This is just for awareness.. Qnet and MLM are using friends and relatives to dupe you... You may like to read Qnet modus operandi with screen shots and facts and how to avoid them here ... Please share for public interest.. Qnet Scam in delhi by Ashwin Baluja and Prithvi Raj Grover http://qnetindiascam.blogspot.in/

    jitu moni

    4 years ago

    http://www.moneylife.in/article/qnet-mpi...
    The special court has rejected anticipatory bail applications of two directors of Vihaan, Suresh Thimiri of Transview as well as Malcolm Desai and Michael Ferreira, the stakeholders of Vihaan that handles QNet's MLM operations in India

    The special Maharashtra Protection of Interest of Depositors (MPID) Court on Tuesday rejected anticipatory bail applications of five accused in the multi-crore QNet scam. This includes, Srinivas Rao Vanka and Magaral Veervalli Balaji, both directors of Vihaan Direct selling (India) Pvt Ltd, Suresh Thimiri, director of Transview Enterprises India Pvt Ltd, Malcolm Nozer Desai, who is 20% stakeholder in Vihaan and Michael Joseph Ferreira, former world champion of billiards and 80% stakeholder in Vihaan.
    The Economic Offences Wing (EOW) of Mumbai Police, which is probing the case, had invoked the stringent MPID Act against controversial multi-level marketing (MLM) company QNet, which has denied any wrongdoing on its part.

    Transview Enterprises is an associate company of Vihaan Direct Selling Pvt Ltd that handles QNet's multi-level marketing (MLM) operations in India since 14 April 2012. Vihaan Direct Selling, in which Michael Ferreira, the former world billiards champion, owns 80% stake, is a direct selling agent of QNet and had done large financial transactions with Thimiri's company Transview.

    The EOW had booked several accused including the former world champion of billiards and five companies related with QNet, under the MPID Act. This means all the cases against QNet, Vihaan and all those involved in the MLM scam would be heard before the special MPID Court. Until now, the accused were being investigated for cheating and forgery under the Prize, Chits and Money Circulation Schemes (Banning) Act 1978, and for money laundering by the Enforcement Directorate (ED).

    In February 2014, the ED registered a case under the prevention of money laundering act (PMLA) against QNet, Vihaan Direct Selling, Ferreira and QNet founder Vijay Eswaran and three other independent representatives (IRs) of the MLM operator.
    Gurupreet Singh Anand, a computer consultant from Lokhandawala, Andheri in his first information report (FIR) stated that his wife was duped for Rs30,000 by some people who had introduced themselves as the independent representatives (IRs) of QNet. Anand told the police, “They (IRs) had said that one of the bio-products my wife bought could be used to treat my 12-year-old son's brain-related diseases.”

    jitu moni

    4 years ago

    http://timesofindia.indiatimes.com/city/...
    MUMBAI: Investors who lost their money in major scams and multi-level marketing's cheating cases can heave a sigh of relief now. The state government has appointed 49 new competent authorities (CAs) to take decision in as many as 101 cases regisered under the strinent law, The Maharashtra Protection of Interest of Depositors (MPID) Act. This will help to dispose of as much as Rs 10,000 crore of investors that is stuck in over a hundred cheating cases' legal battle.

    Earlier, the city economic offences wing (EOW) had only two competent authorities. "CAs will proceed with the procedure of disposal of properties and realisation of money for repayment to the investors. It will expedite the process of recovery and will help the victims who have been cheated to get their money back," said Dhananajay Kamalamakr, joint commissioner of police and EOW chief.

    The big cases where these CAs will focus first include the cheating cases incluidng National Spot Exchange Limited (NSEL), QNet, SpeakAsia, fixed deposit scam led by Sheesha lounge owner Mohammed Fasih and the Mumbai District Cooperative Bank. SpeakAsia alone has over 24 lakh investors. The money lost in this case is over Rs 2,276 crore while investors' over Rs 6,000 crore is stuck in the NSEL case.
    TOI had on October 11, 2015 reported about that as many as 62 cases under the MPID act were pending in a city court due to non-appointment of a competent authority. While seized properties of the accused in all the above cases await disbursement among the victims, the city police has sent a proposal to the state for several amendments including the appointment of CA for a speedy return of public money, said police sources. More than Rs 10,000 crore public money is stuck in MPID cases in the city alone, they said.

    "Earlier, non-appointment of competent authority defeated the objective of the enactment of the MPID Act," said an EOW officer. While an investigating officer probes the criminal part of a case, the civil aspects such as the attachment of properties, sale-realization of properties, and disbursement of sale proceeds to the victims are exclusively in the domain of the competent authority who is a revenue officer of deputy collector rank.

    "It is observed that competent authority has been appointed in 23 cases in the city MPID cases earlier, notification of the properties in the official gazette is yet to be published. Hence, it would be better to have CAs with independent portfolio for MPID cases," said a senior IPS officer.

    Major cases where the appointment of competent authority will give relief to investors:

    · NSEL Rs 6,000 crore
    · SpeakAsia Rs 2,276 crore
    · QNet Rs 425 crore
    · FD scam Rs 325 crore
    · Mumbai District Cooperative Bank Rs 119 crore

    jitu moni

    4 years ago

    http://www.asianage.com/mumbai/bombay-hc...

    In a setback to voiceover artist Tarun Ratnani, the Bombay high court turned down his application seeking waiving of trial court order asking him to furnish a bank guarantee of Rs 35 lakh failing which the investigating officer would sell his BMW car and deposit the amount with bank registry as security in the Rs 800 crore QNet scam.

    The prosecution’s case is that Ratnani is one of the main accused in the scam and during the course of investigation, it was revealed to the investigation agency that the appellant has purchased the said vehicle by using the proceeds from the aforesaid crime.

    Considering this, the police had seized the BMW that belonged to Ratnani; however on his appeal, the special MPID judge issued a direction to release the said vehicle subject to the appellant furnishing bank guarantee of Rs 35 lakh and indemnity bond of the same amount within a month, failing which the investigating officer was directed to sell the said vehicle and to deposit the sale proceeds in the name of registrar of sessions court for an initial period of five years pending the trial.

    Ratnani, through his lawyer, had requested the court to give back his car on indemnity bond without a bank guarantee of Rs 35 lakh. He had contended that he had sold his old car and used Rs 4 lakh from the profits earned from QNet investments and the remaining was paid through loans so it cannot be said that the car was bought from money earned from QNet and hence the car should be handed over to him on bond. He also assured the court that if investigating agency comes to the conclusion that the car was bought entirely from the proceeds of the alleged crime then he would reimburse that amount.

    However, the division bench of acting chief Justice V. K. Tahilramani and Justice A.S. Gadkari rejected his application and held that the trial court has not committed any mistake in passing the impugned order.

    jitu moni

    5 years ago

    http://timesofindia.indiatimes.com/city/...

    VIJAYAWADA: Yet another multi-level marketing (MLM) company Vihaan Direct Selling Ltd was sealed by police and its representatives were paraded before mediapersons here on Tuesday. Police will soon serve a notice on its promoters -- Vasudeva Reddy and Ch Gangadhar - who are currently in Dubai and alert the Interpol to help nab the duo.

    Addressing a press conference here on Tuesday, commissioner of police A B Venkateswara Rao said that 134 people in the city have fallen prey to the company. "Vihaan Direct collected Rs 1.16 crore and deposited Rs 65 lakh in the account of Vihaan Direct Selling Ltd, which is based in Mumbai. Another Rs 10 lakh was deposited in the account of VR 1 Training Centre, which is based in Bangalore. Rest of the funds have been misappropriated," he said.

    Acting on a complaint from a depositor Prathipathi Lakshmi Ganesh, Krishna Lanka police led by circle inspector S V V S Murthy arrested four representatives of the firm- Gourang Desai, Y Babul Reddy, D Nagaraju and Ch Manikanta -- on June 22 and recovered Rs 15 lakh in cash and four mobile phones.

    It was on January 5 this year Mumbai-based Vasudeva Reddy, a notorious MLM agent, opened Vihaan Direct as a franchise of Hong Kong-based Q-Net near Prasanthi Hospital in Labbipet. He also ran a training centre called VR 1. City-lad Desai, who met Vasudeva in Mumbai, was nominated as in-charge of the training centre. Gangadhar, a close aide of Vasudava, was nominated to run the direct selling firm.

    Gangadhar recruited Babul, Nagaraju and Manikanta as independent representatives (IRs) to carry out the fraudulent MLM operations. Their modus operandi was typical of a binary tree structure- each IR has to recruit more members. IRs will receive commission based on the number of referrals and sales volume of other IRs in their team.

    The police commissioner said that Vijay Eswaran, who runs Q-Net, is the brain behind the MLM firms. "From 2002-08, he ran a firm in Chennai that swindled Rs 1,100 crore. Between 2010-14, he ran another MLM firm with Vasudeva Reddy, which swindled Rs 425 crore from depositors," he added.

    jitu moni

    5 years ago

    QNET multi-level marketing scam busted in Vijayawada - Tv9

    https://http://www.youtube.com/watch?v=Plsdlh0FBkU

    jitu moni

    5 years ago

    http://www.business-standard.com/article...
    Four persons have been held today for their alleged involvement in the multi-level marketing 'Qnet' case, police said.

    The four persons, identified as V Bal Reddy, Gautam Desai, Dasari Nagaraju and Cheemakurti Manikanta, were arrested today and Rs 15 lakh, deposited in different bank accounts, were seized from them, district Police Commissioner A

    B Venkateswara Rao said.

    The accused were nabbed by Economic Offences wing of the Commissionarate and the key person involved in the alleged fraud, Gangadhar from Vijayawada, is absconding and is currently said to be in Dubai, the senior officer said.

    The five persons were associated with multi-level international marketing firm Qnet, a company founded by one Vijay Eswaran, a Malaysian citizen based in Hong Kong, in 1998, where the company agents extracted huge money from people by offering them lucrative incentives, he said.

    The company also operated in India with other names like 'Qen' and 'Quest, police said.

    Eswaran had appointed one Vihan Direct Selling, owned by Gangadhar, as the sole selling company in India, where the firm had assigned some agents to recruit salesmen under the direct selling system.

    According to police, the agents had appointed 134 first level salesmen by collecting Rs 1,16,55,000 and another 13,400 second level salesmen were joined by the 134 sales persons.

    In the meantime, one of the salesmen suspected company's activities and lodged a complaint with the police and the four accused were arrested after investigations.

    Rao said if necessary, a red corner notice will be issued against Gangadhar.

    He said Qnet is facing many charges in the country and some of the cases against the company are pending in courts.

    A decade back, the company was involved in a Rs 11 crore case of alleged fraud in Chennai. It has also been facing some cases in Mumbai, the officer said.

    jitu moni

    5 years ago

    http://www.business-standard.com/article...

    A Mumbai resident today approached the Economic Offences Wing of police seeking inquiry into QNet, a multi-level marketing company facing allegations of duping investors, being one of the sponsors of onoging International Indian Film Academy Awards, 2015.

    The EOW of Mumbai police is probing the Hong Kong-based Qnet for an alleged Rs 425-crore fraud.

    Gurpreet Singh Anand, who is one of the original complainants against the firm, contends in the fresh complaint that the "purpose of sponsoring IIFA awards is to further the Qnet scam in India and create an image that it is a respectable brand".

    IIFA website lists Qnet as one of the 'official direct selling partners'.

    While Singh has demanded probe into "why they (organisers) have appointed this company as sponsor", IIFA officials were unavailable for comment. Its legal cell informed PTI that senior officials were busy in Malaysia where the awards ceremony is taking place.

    The EOW has so far arrested 17 persons for allegedly duping investors by selling Qnet products including magnetic disks, herbal products and holiday schemes through allegedly fraudulent means.

    It has been accused of using the banned 'binary pyramid business model', and a case has been registered under the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.

    SCAMI BUSTER

    5 years ago

    HYDERABAD CRIME BRANCH RAIDS QNET VCELL MEETING

    http://www.abinet.org/hyderabad-crime-br...

    From the Article
    "On March 23, 2015 more than 16 people registered an FIR (No-86/2015) with the Hyderabad Central Crime Station against Qnet officials. They have been cheated upto the tune of more than Rs. 40 lakh collectivel"

    SCAMI BUSTER

    5 years ago

    http://timesofindia.indiatimes.com/City/...

    Eonomic offences wing raids at QNet Office in Bangalore

    MUMBAI : The city economic offences wing (EOW), probing the Rs 425 crore cheating case involving marketing firm, QNet, raided the firm's office in Bangalore and downed its shutters. Meanwhile, a bank account belonging to a PR firm which was dealing on behalf of QNet has been frozen.

    QNet, pretending to be marketing firm sold bio disc and other stuff to investors promising quick cure for several diseased including Cancer. It sold bio discs and electronic items and cheated people, said police. The schemes began from Rs 30,000 onwards.

    An officer who is part of the cheating case probe told TOI that they searched the office of Vihaan Direct Selling, master franchise of QNet in Bangalore, and downed its shutters. "It was taken by the QNet on rent. Padmabhushan recipient Maichael Ferrera, also shown an accused in this case, owns more than 80 per cent share in Vihaan while the rest 20 per cent share belong to Malcolm Desai. Both have approached the court for anticipatory bail," the officer added.

    The police said that even after a criminal case was registered against QNet, its office bearers continued the business and were busy in collecting the money across India. "They were making new members and cheating people," the officer said. There are more than one lakh investors in QNet.

    A PR company which has been in touch with the media on behalf of QNet came under the police radar last month. "We have frozen their bank account in a Fort bank. Their officials have been summoned again and we are collecting evidence against all the accused," the officer added. More arrests are likely soon.

    gurupreet

    5 years ago

    Representative of PR company summoned in QNet case

    MUMBAI: The EOW summoned the representative of a PR firm and sought details about the services it has been providing to QNet, a marketing firm involved in an alleged Rs 425 crore cheating case. Meanwhile, the police have written to a bank in Fort to freeze the PR firm's account.

    The police said they will also summon other PR companies that worked for QNet in the past.

    An EOW source said the representative has said that the PR firm had entered into a contract with QNet in January to act as a coordinator between the media and the marketing company. "We have asked the PR firm to furnish the contract copy, details of QNet officials who had approached it and bank payment details," said an officer. But, the officer added, the EOW is not satisfied and has summoned the representative again.

    The cops have written to the bank under section 91 and 102 of CrPC and Section 4 of the Bankers Books Evidence Act, 1891, to freeze the account belonging to the PR firm. "We suspect the money used to pay the PR firm was earned by QNet through the proceeds of crime. Till date, 10 people have been arrested in this case," said Rajvardhan Sinha, additional commissioner.

    The PR firm, in its statement to TOI, said, "Our relationship with QNet is purely that of a client and a consultancy. Like any PR constancy, we are just doing our professional job to coordinate flow of information from the company to the media and attending media queries on QNet. As part of their investigation, the police inquired with us on the nature of our association with QNet and we informed them of the same."

    http://timesofindia.indiatimes.com/city/...

    gurupreet

    5 years ago

    Mumbai: The police custody of ex-world billiard champion Michael Ferreira's former daughter-in-law, who was held in connection with the QNET scam, was on Tuesday extended till September 22 with investigators seeking to examine her earnings and investments she made using the illicit money.

    Read full story here: http://zeenews.india.com/news/maharashtr...

    gurupreet

    5 years ago

    The EOW had arrested Susan Chatterjee, former daughter-in-law of Michael Ferreira in the Rs425 crore QNet scam. While Ferreira owns 80% stake in QNet's official franchisee in India, his son, wife and close relatives are also reportedly under the scanner

    With the arrest of Susan Nikhil Chatterjee, former wife of Mark Ferreira, the focus of the investigators is now back again on the family of former world billion champion Michael Ferreira. The Economic Offences Wing (EOW) of Mumbai police last week arrested Susan in the Rs425 crore QNet scam.

    Read the full story here...and please add your comments...

    http://www.moneylife.in/article/qnet-mic...

    jitu moni

    5 years ago

    MUI Riau: QNET Business Indicated Haram
    June 18, 2014 by the Indo Howmoney

    QNET_logo_indonesia Of Riau, Chairman of the Fatwa Commission of the Indonesian Ulema Council (MUI) in Riau Province Ustadz Abdurrahman present the results of studies related institutions will report QNET business community on Tuesday (06.17.14). MUI Riau concluded, that QNET MLM business founded by Malaysian businessman Vijay Eswaran, there MLM qualified as defined MUI halal center.

    "We received complaints from the public related QNET MLM and after assessment, we conclude that QNET MLM strongly indicated forbidden," he told riauterkinicom.

    Presented Ustadz Abdurrahman, from contract documents or statements QNET MLM participants were studied and the products are used as evidence, developed QNET MLM system containing elements of fraud, is potentially causing loss of one of the parties and obscurity.

    For example, each participant must purchase a product in the form of Chakra, a round clear glass plates by hand or Chi Pendant, a round slab logal for long Rp100 coins shaped pendant, worth Rp 8 million. Goods that, according to the QNET, expensive as it is a matter of health therapy.

    During this QNET promotes itself as an online business. But in fact the ministry of the QNET greetings and the bucket is very slow, far from being a good online business. "The payment must be in cash, but the new goods are handed over to the buyer many months later. In fact, there are up to five months to get the new, "he said.

    See also: What is QNET it?

    In addition to pay in cash, but did not immediately get the items purchased, the price Chakra or Chi Pendant is believed to be very expensive compared to the actual value.

    "We (masyarakat.red) may be asked to purchase the item (Chakra or Chi Pendant. Red) fifty thousand also may not want to," he said.

    Ustadz Abdurrahman Furthermore, in addition to having to pay 8 million for goods that are considered not worth the QNET MLM participants are required to invite six new members to transact with each value of 8 million, the new bonus Rp3.5 million. Departing from non-halalan conclusion QNET MLM system, Ustadz Wahid appealed to the people of Riau, especially Muslims to avoid the business.

    Meanwhile, Fery Wibowo, one of the leaders of PT Amoeba international, licensees QNET Indonesia, Riau riauterkini.com when found in one of the alleys in Jalan Bukitbarisan Pekanbaru, mentions that the legal and lawful business.

    "We have an official license and also had a halal certificate from NU South Jakarta," he said.

    Although not representative of the management company QNET, Fery Wibowo threatened to penalize parties who accused QNET business activities based in Hong Kong, an element of fraud.

    "If anyone dared mention QNET is a fraud, I guarantee within a few hours in question would be the status of a suspect," he threatened as it.

    Then one year in Banyuwangi

    Even so, exactly one year ago, in June 2013, about 200 members of QNET came to the police station and reported the fraud Banyuwangi by PT QNET Indonesia with an indication of the loss of the member reaches 1.6 billion. Rudi is Suprapto, 50, Blokagung villagers, village Karangdoro representing several residents reported the case.

    "I can only once a commission of 726 thousand," said Rudi Suprapto KabarBanyuwangi.info quoted as saying. While he argues, the QNET promising a salary of Rp 2.5 million per week. "The amount (bonus) depending on the product to be purchased," he said. Obtaining explanations that every member QNET should purchase products with prices starting at Rp 7 million, USD 9.6 million to $ 10.8 million. He felt cheated because after a year to join in the QNET he did not get any bonus as promised by its leader.

    In the promotion, he explained, all of the products that are considered to have the power. "Bio Disc is drenched with water, he was able to cure all diseases pe. If you wear a necklace, she was able to lift heavy loads, "he said.

    Not long ago, the police respond to the report and hold Syamsuri and Bambang. Both are QNET MLM leaders in East Java.

    http://howmoneyindonesia.com/2014/06/18/...

    gurupreet

    5 years ago

    Today QNET advocates scored a second self goal in court :)

    Ever Since my fight started against QNET SCAM I have faced the following lawyers in court by appearing in person:

    1. Nitin Pradhan
    2. Mahesh Jhetmalani
    3. Abad Ponda
    4. Haresh Mohan Jagtiani
    5. Divya Bahl
    6. Rajendra Mokashi
    7. Kuldip Patil
    8. Sandeep Karnik
    9. Sudatta Patil etc…

    All these are senior advocates with teams of juniors below them but till date QNET did not get any single favorable order from any court.

    The FIGHT enters a “new phase” now….Ganpati Bappa Morya :)

    REPLY

    avi

    In Reply to gurupreet 5 years ago

    Sirji, yeh log toh abhi bhi idhar udhaar haat maar rahey hai.Kal mere se Qnet ka ek rep baat kiya.Mujhe baat kar ke hi pata laga ki kuch golmaal hai.I have their emails.I can send it over to you.Lets get these a******s.

    jitu moni

    5 years ago

    Kavali Gold Quest Scheme Fraud: Accused Arrested

    HYDERABAD: The Crime Investigation Department arrested two most-wanted persons in different cases on Thursday. While one was detained at the Rajiv Gandhi International Airport at Shamshabad, the other was detained at the airport in Chennai.

    Additional DGP (CID) T Krishna Prasad said that one of them, Raavi Ramesh Babu, is an accused in a cheating case registered at the Kavali II Town (T) police station in Nellore district.

    In this case, several people of Kavali town were lured by local promoters of Gold Quest scheme run by Questnet Enterprises. Believing the promises of the accused, several people joined the scheme by paying `33,000 or `66,000 but were cheated. One of the outside promoters of the Gold Quest scheme is Raavi Ramesh Babu. He is one of the main accused and had been absconding ever since the case was registered. As his activities are clandestine, the economic offences wing of the CID opened a look-out circular (LOC) against him. Ramesh Babu was arrested by the immigration authorities at the Rajiv Gandhi International Airport.

    On the information given by the immigration authorities, a CID team went to the airport and took the accused into custody to produce him before the magistrate concerned.

    In another case, police arrested Swaminathan Sivanandan at the Chennai airport. Sivanandan is an accused in a dowry harassment case registered at the Pet Basheerabad police station here. At the request of the Cyberabad police commissioner, a look-out circular was opened against Sivanandan. The trial court issued an arrest warrant against him as he was not attending the court. He had gone to Doha in Qatar to escape arrest.

    http://www.newindianexpress.com/cities/h...

    SCAMI BUSTER

    5 years ago

    FIRs have been registered against QNET with the Economic Offences Wing, Crime Branch, Mumbai Police and several arrests have been made of IRs and bank accounts frozen of QNET and IRs. There are also several criminal cases in courts. Please type QNET in "google" and "google news" and you will see that their sites have been blocked by court and the number of arrests and account freezings

    If you have not received your Refund or QNET or its IRs have cheated you, you can register an FIR against them with EOW Mumbai (at address given below) even if you don't live in Mumbai. You may be able to get your money back and/or save your friends and relatives from this

    NOTE: PLEASE VISIT PERSONALLY OR SEND BY REGISTERED AD ONLY FOR YOUR COMPLAINT TO BE NOTED

    Rajvardhan Sinha
    Additional Commissioner of Police
    Economic Offences Wing (EOW), Crime Branch
    Office of the Commissioner of Police
    Opposite Crawford Market
    Dr D N Road, Fort
    Mumbai 400 001

    ALSO MEET/SEND A COPY OF YOUR COMPLAINT VIA REGISTERED POST TO MR KAPASE, INVESTIGATING OFFICER & SENIOR INSPECTOR, EOW AT THE SAME ADDRESS ABOVE

    SCAMI BUSTER

    5 years ago

    FIRs have been registered against QNET with the Economic Offences Wing, Crime Branch, Mumbai Police and several arrests have been made of IRs and bank accounts frozen of QNET and IRs. There are also several criminal cases in courts. Please type QNET in "google" and "google news" and you will see that their sites have been blocked by court and the number of arrests and account freezings

    If you have not received your Refund or QNET or its IRs have cheated you, you can register an FIR against them with EOW Mumbai (at address given below) even if you don't live in Mumbai. You may be able to get your money back and/or save your friends and relatives from this

    NOTE: PLEASE VISIT PERSONALLY OR SEND BY REGISTERED AD ONLY FOR YOUR COMPLAINT TO BE NOTED

    Rajvardhan Sinha
    Additional Commissioner of Police
    Economic Offences Wing (EOW), Crime Branch
    Office of the Commissioner of Police
    Opposite Crawford Market
    Dr D N Road, Fort
    Mumbai 400 001

    ALSO MEET/SEND A COPY OF YOUR COMPLAINT VIA REGISTERED POST TO MR KAPASE, INVESTIGATING OFFICER & SENIOR INSPECTOR, EOW AT THE SAME ADDRESS ABOVE

    gurupreet

    5 years ago

    QNet accused submitted fake papers to procure anticipatory bail: Police

    MUMBAI: Around half a dozen accused in the Rs 425 crore QNet cheating case submitted fake documents before the court for procuring anticipatory bail, Pradip Gharat, special public prosecutor told the court. Later, a police officer filed an affidavit before the court that the statement and the signatures of him were actually bogus and that he was never involved in the investigation of this case at the initial stage.

    Read the full story here: http://timesofindia.indiatimes.com/city/...

    QNet: Ferriera, six others misled court by submitting 'fake' document, says EOW

    Have QNet team leaders misled the Mumbai Sessions Court by submitting a fake document along with their bail application? The Economic Offences Wing has made this sensational disclosure. The police official, whose signature is on
    the document has also denied having prepared or signed it

    Read the whole story here: http://www.moneylife.in/article/qnet-fer...


    jitu moni

    5 years ago

    http://www.wfmynews2.com/story/news/loca...

    First Payouts Approved For Zeek Reward Victims
    HIGH POINT, N.C.-- A federal judge has approved the first payouts for victims of the Zeek Rewards pyramid scheme. The High Point Enterprise reported that the attorney supervising efforts to return members to the victims said a judge on Thursday approved the payments.

    Kenneth Bell said the first payments should be handed out late next month. Bell indicated earlier this year that the first payments could be for about 40 percent of what victims lost in the scheme. The U.S. Securities and Exchange Commission shut down and seized the assets of Zeek Rewards in August 2012.

    Bell estimates that from January 2011 until August 2012, more than 700,000 people lost more than $700 million. Zeek Rewards had said it was a multi-level marketing business operating in Lexington.

    jitu moni

    5 years ago

    100 pull out of Chinese millionaire's MLM scheme in Malaysia

    Major Chinese dailies reported that more than 100 people had cancelled their membership in the controversial multi-level marketing scheme YSLM, established by self-proclaimed Chinese millionaire Zhang Jian.

    They were required to sign a letter which stated that their reason for quitting was due to the impact from a Facebook page calling on netizens to combat pyramid schemes, and that they were grateful to Zhang Jian for allowing them to terminate their membership unconditionally.

    On Wednesday, the company announced that members who had failed to introduce new members to the company were entitled to a full refund of RM300 (S$115) if they quit the scheme.

    Zhang made headlines recently when giant billboards of him appeared in Penang proclaiming him as the "future richest man in the world".

    http://news.asiaone.com/news/malaysia/10...

    jitu moni

    5 years ago

    'World's richest man' offers refunds to MLM investors

    KUALA LUMPUR: Members of a controversial multi-level marketing business started by self-proclaimed Chinese millionaire Zhang Jian are entitled to a refund if they quit the scheme, said senior distributor Jessy Lai.

    “They have until Aug 14 to cancel the membership,” she said.

    “Just bring your identity card, let us take your picture and a video clip stating the reasons you wish to quit, and we will give you the refund on the spot,” Lai told a press conference yesterday.

    However, she said the refund would only be given to those who had not introduced any new member to the group.

    Zhang made the news recently when billboards of him appeared in Penang, proclaiming himself as the “future richest man in the world”.

    Subsequently, reports emerged accusing his company, known as YSLM, of being linked to a get-rich-quick scam.

    YSLM has refuted all the allegations, stressing that it was a legal business.

    Yesterday, Lai also refuted media reports that at least 100 people had turned up at the company’s office here to cancel their membership since news about the refund offer was circulated on the Internet before the official announcement.

    “We have not received any applications as of now,” she said.

    She stressed that the refund process could only be done at the office.

    On the whereabouts of YSLM founder, Lai said he had been travelling in and out of the country, exploring overseas markets.

    Asked whether Zhang would show up to explain his business, Lai said he would appear for official matters and not just to answer accusations against him.

    She also explained why the refund would not be offered to those who had introduced other people to the scheme.

    Those who had brought in two members would have received a commission of RM300 – equivalent to the membership fee.

    Thus, no money would be returned to them, she said.

    http://www.thestar.com.my/News/Nation/20...

    jitu moni

    6 years ago

    Illegality in MLMs and recommendations for law enforcement
    An open letter from MLM expert Robert L FitzPatrick of Pyramid Scheme Alert to the US FTC exposes illegality of multi-level marketing (MLM) schemes and how law enforcement agencies can curb it. The same applies for India where thousands of pyramid or network marketing schemes are duping gullible savers everyday and also lobbying for legitimacy

    In an 'open letter' to the US Federal Trade Commission (FTC), pyramid scheme expert Robert L FitzPatrick, co-author of the book, 'False Profits', president of Pyramid Scheme Alert and co-founder of the International Coalition of Consumer Advocates, has provided a set of recommendations to the FTC on how to identify illegal multi-level marketing (MLM) schemes and to enforce consumer protection laws on pyramids disguised as 'direct selling'. The paper was sent following a conference call with officials of the FTC Consumer Protection Bureau in which an invitation for suggestions and recommendations was made by FTC officials.

    The FTC recently prosecuted one of the larger MLMs, Fortune High Tech Marketing, but only after it had scammed more than 300,000 households and operated openly for nearly 12 years. Currently, the FTC is investigating one of the largest of all MLMs, Herbalife that has operated for more than 30 years.

    Bright Lines of Illegality:

    The paper submitted by FitzPatrick, entitled, Identifying 'Bright Lines' for Determining Illegality of Any Multi-Level Marketing Company under Section 5 of the FTC Act, lists telltale signs of illegality (unfair and deceptive trade practices):

    1. Endless Chain Structure - The sales management chain has no sector of sales people that is focused directly and only on end-users. The sales chain expansion is without limit and without geographic restriction. All new participants, upon payment, are awarded the right and offered financial incentives to recruit more salespeople and extend the chain to multiple levels, usually six to infinity. This reward plan and structure indicate the use of the inherently deceptive“endless chain”, infinity factor” and “unlimited” income claim to induce purchases and fees.

    2. Pay-to-Play – Despite providing no territorial protection or even historical saturation data provided to new salespeople, sales/ purchase quotas are imposed with specific dollar volumes of product purchases (either by the distributor personally or his/her recruitment chain). In some cases, there are structural recruiting requirements also imposed in order to maintain a position in the endless chain payment plan. These volume and recruiting quotas are signs of “pay-to-play” factors that operate in tandem with an endless chain structure and recruiting-based rewards to drive purchases and fee payments.

    3. Money Transfer - The MLM employs a reward formula that overwhelmingly rewards chain extension activity that is recruiting-based over personal retail sales activity that is market-based. Evidence includes formulas that allocate higher aggregate rewards, per transaction, to those at the upper end of the chain, over those at the base and allocate total commission payout to recruiters in excess of total verified retail profits. Special bonuses and rates on total “group” volume are based on position on the endless chain. They money transfer formulas directly result in an extreme concentration of payments – 50% to 80% – of total payouts to those at the extreme upper end of the recruiting chain. As an example, the report referenced hard data on Nu Skin’s payment of 82% of all its commissions to the top 1.29% of its “active” sales force, which is 0.5% of the entire sales network.

    4. Recruitment-Driven - The actual activity of the business is characterised by relentless recruiting, churning and transferring funds from later participants to earlier ones.

    5. Little Evidence of Market-based Retail Selling - Little evidence, gained from an examination of marketing materials, website, and reports from participants or researchers, of market-based retail sales, per salesperson, and little evidence of retail profit gains among the sales force.

    6. No Income Opportunity for Nearly All Participants - Large-scale losses are evident in the sales force, even among those in the upper one-third of sales chain.

    Law Enforcement Guidelines
    For law enforcement, the report offered specific reforms that would put any MLM on the legal side.

    1. Limit the number of levels that any individual salesperson can personally recruit and gain override commissions to one or several. In combination with other reforms, this measure would eliminate the infinity factor.

    2. Require that commissions be awarded only on consummated retail sales, that is to persons who are not signers of the company’s sales contract and are not eligible for recruiting-based rewards.

    3. Allow no commissions to be paid on any purchases made by other salespeople or on the salesperson’s own account. This reform eliminates a major incentive for recruiting and for making personal purchases. It would also clearly indicate that all purchases made by the sales force are market-based.

    4. Eliminate all purchase/ sales volume or recruiting requirements in order to maintain sales and recruiting authorization. With no geographic limitations or protections placed on MLM salespeople, and no information available on market saturation factors, volume and recruiting requirements serve no other purpose than as recruiting inducements.

    5. Establish limited territories for distributors who want to develop sales teams with authorisation based upon management selection. The current practice of open-ended, even global territories and escalation on the sales chain being based purely on volume/ recruiting performance is a telltale indicator of the “endless chain” inducement and the lack of a real-world market basis for sales.

    Principles of FTC Law Enforcement and Consumer Protection from Illegal MLMs

    1. The establishment of an understandable and consistent “bright line” requires that the FTC take a clearly stated legal stand against the groundless and nonsensical claim of MLM promoters that purchasing products by the participants in multi-level marketing exempts the enterprise from an illegal pyramid definition. The bogus identity of “direct selling” by pyramid selling schemes and the claim of exemption from a pyramid scheme definition based on product purchases have confused and misled millions of consumers (“If the MLM sells a product, it’s can’t be a pyramid!”).

    MLM lobbyists have claimed that pyramid scheme definitions must exempt enterprises in which rewards are gained through product sales “to participants.” They have lobbied for this “product exemption” in state laws and tried to get a federal law passed in 2003. In fact, in case after case of MLMs prosecuted by the FTC, the selling products was the disguise of choice, and “direct selling” turned out to be a false identity.

    2. FTC must establish and publish a set of recognizable actors indicative of the use of the endless chain as a marketing device, once the endless structure is identified as part of that MLM’s business model.

    The evidence of the use of endless chain marketing to induce purchases and fee payments is found in the MLM’s pay formula and in the statement of policies and procedures, both of which are generally published.

    Additional evidence can be found in income disclosure documents, website, webinars and in SEC filings.

    Evidence of the use of the endless chain is manifested in verifiable loss and churn rates and absence of profitable retail selling. Referencing these classic elements of a pyramid disguised as a sales company can be done in a matter of hours or days. Pyramid fraud is frequently in plain sight.

    Mandate for Action Now

    By offering bright lines and recommendations for law enforcement, the “Open Letter” supports the message of urgency that the International Coalition of Consumer Advocates delivered to the FTC in October, 2013 with it White Paper and petitions.

    Currently, the FTC lacks a consistent or understandable standard for determining illegality of any MLM, rendering effective FTC prosecution and law enforcement in MLM sector essentially impossible and, indeed, virtually non-existent.

    By any standard, this position for a law enforcement agency is intolerable. It leaves millions of people in America and around the world without any means of distinguishing legitimate direct selling opportunities from pyramid swindles. In recent years, these schemes have begun targeting the most vulnerable sectors of the public, students and immigrants. The FTC’s untenable position has also generated a dangerous uncertainty in the securities markets, putting pension funds at risk that are invested in MLM enterprises that are being openly challenged for operating illegally.

    The scenario in India

    Coming back to home, Moneylife has been continuously writing about the inaction by government and regulators regarding MLM companies, money circulation schemes, pyramid-marketing schemes and other similar companies that swindle the unwary public by offering them misleading inducements and depriving them of their hard-earned savings.

    In April 2013, after the collapse of Saradha group, the ministry of corporate affairs (MCA) in a face saving measure has decided to hand over probe of such chit-fund, MLM, Ponzi and pyramid scheme operators to a Special Task Force under the Serious Fraud Investigations Office (SFIO). The ministry said the probe has been ordered in view of a larger public interest involved in the issues, although the state governments are the appropriate authorities for regulation of such chit fund companies and schemes under the Chit Fund Act, 1982.

    Here are some of the important stories written and representations made by Moneylife over the years…

    Moneylife Foundation’s representation to PM, FM and RBI on MLM schemes

    In May 2011, following the exposé by Moneylife on Speak Asia Online Pte Ltd and its MLM scheme, Moneylife Foundation sent a representation to prime minister Dr Manmohan Singh, (the then) finance minister Pranab Mukherjee, finance secretary Sushama Nath and Reserve Bank of India (RBI) governor D Subbarao urging them to ban all MLM companies and their schemes in the country, or to bring all MLM companies under the regulation of either the RBI or the Securities and Exchange Board of India (SEBI), to stop them ensnaring gullible people.

    West Bengal’s ‘chit fund’ mess and inaction of MCA

    The massive money, which is raised surely shows somewhere on the balance sheet of the company, filed regularly with the MCA. The primary recipient of the information about these companies is the MCA, and surprisingly the MCA is the least proactive in the entire process of bringing these perpetrators to regulatory focus, sooner before tonnes of money vanish.

    Chain Game

    Dubious pyramid schemes or money-circulation schemes are looting Indians across economic strata, finds Sucheta Dalal. This will continue since Central and state governments seem unconcerned.

    Pyramid schemes: Daylight robbery

    Pyramid marketing companies are looting the public easily, while the government watches. Many countries have banned them outright.

    Ponzi Scheme: Is RBI Passing the Buck?

    A strange deposit scheme that is proliferating in the states of Orissa, Chhattisgarh, Karnataka and Maharashtra has already collected almost Rs1,000 crore and is expanding virtually unchecked. The scam has elements of money-laundering and possibly the use of fake and forged currency as well; however, the banking regulator would like to pass off the investigation to the respective state governments for investigation under the antiquated Prize Chits and Money Circulation Schemes (Banning) Act.

    Coin Game

    An international network marketing scheme hawking expensive limited edition coins is attracting a huge following. Sucheta Dalal examines this strange quest.

    Ponzi schemes: Free for all

    Moneylife readers know how MLM schemes ensnare lakhs of people by promising extraordinary returns. We learn from the ministry of consumer affairs that the government is now waking up to the need for better regulation of MLMs and ponzis. At the same time, the powerful Direct Selling Association of the US is lobbying hard for an amendment.

    ‘Beware of deception by pyramid schemes, MLMs trying to lure people with promise of high returns’

    Pyramids are pure fraud. Their business is unsustainable-they promise payment for goods or services of dubious value. The hallmark of these schemes is the promise of sky-high returns in a short period of time, for doing nothing other than simply handing over your money to them, and getting others to do the same.

    Ponzi schemes: The fraudulent art of chain game

    Even as India bans pyramid schemes under a statute called the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, the country continues to be a happy hunting ground for pyramids because our legislation is deliberately unworkable.

    Dubious Ponzi & MLM Schemes

    Investors losing money, or falling for dubious Ponzi schemes, is not a recent phenomenon; this has been happening for decades and it is not restricted only to India. Why is it that people repeatedly fall prey to such schemes in spite of being aware of the frauds perpetrated by conmen under different guises?

    Set up inter-departmental group to curb MLMs

    EAS Sarma, former power and finance secretary, said the ministry of finance, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the investigating agencies should collectively tackle this problem without any delay, as every day of procrastination will only result in thousands of hapless families cheated by the promoters of these schemes.

    How MLMs wave an annulled letter to claim legitimacy of their operations and con people

    Spokespersons and dealers of multi-level marketing (MLM) schemes or network marketing schemes respond to questions about their legitimacy by brandishing a 2003 letter issued by the then secretary, ministry of corporate affairs (MCA). What they omit to mention is that the letter was subsequently annulled following complaints about its misuse. This means, the letter used by these scamsters is no more valid.

    Pyramid and MLM schemes are scourge on people

    While there are existing laws such as Indian Penal Code (IPC), the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (PCMCS Act) and others under which concerned agencies could prosecute the culprits, there is no effective mechanism in place to ensure a coordinated approach to identify the fraudulent operators in advance and book them well before they destroy the livelihoods of thousands of households and launder the ill-gotten funds to unknown destinations.

    MLMs now want to ‘invest’ money in India, really?

    A set of powerful MLMs, which are part of an exclusive closed club, called the Indian Direct Selling Association or IDSA (on the lines of the Direct Selling Association of the US) has been lobbying hard to make a distinction between their operations and those of others, who they call, fly-by-night operators such as SpeakAsia and Ad Magnet.

    QNet, the MLM company, has no answers to Moneylife’s simple questions

    QNet, the controversial Hong Kong-based multi-level marketing (MLM) operator with multiple names (GoldQuest, QuestNet, QNet, QI Ltd and QI group are the better known names) refused to answer simple questions like how much money their independent representative (IR) earns on an average every month and why their products are priced so highly. Instead, it sent us a threatening and defamatory mail that raises more questions as to their real motive.

    2011: A year dedicated to MLM and Ponzi scheme frauds

    If 2010 was the year of great Indian scams, 2011 was rather of ponzi and multi-level marketing (MLM) frauds. SpeakAsia managed to top the chart, but soon many others joined the bandwagon, duping gullible investors for several thousand crores.

    How to avoid 'get-rich-quick' schemes and scams

    Nothing comes free in this world, especially money. The universal truth is you need to earn your money by hard labour all the time and there are no shortcuts to double it in the shortest span of time. Therefore, even if your near and dear ones tell you he/she will double, triple, quadruple your money within a few days/months, politely reply to them that it is not possible and what they are advocating is a pure 'get-rich-quick' type of scam.

    Herbalife is a pyramid scheme worth zero dollars: Bill Ackman

    Herbalife, a global MLM scheme also prevalent in India, is believed to be worthless according to hedge fund manager Bill Ackman, who made a detailed presentation on why consumers should avoid buying the company’s products and stay away from the MLM.

    http://www.moneylife.in/article/illegali...

    jitu moni

    6 years ago

    http://amwayscheme.blogspot.in/2014_07_0...
    The Amway Job
    Amway IBOs like to call themselves "Independent Business Owners". But when you sit down and think about this for a minute, I believe that the Amway opportunity is more like a job. As an IBO, you are basically acting as a commissioned salesperson without any benefits coming from the Amway corporation. It's great for Amway as they only pay you for products that are moved. If you work very hard but sell little or nothing, Amway pays you little or nothing. Even if you work hard but move less than 100 PV, Amway pays you nothing.

    The Amway corporation can sit back, and simply issue bonuses to downline IBOs. It is the IBOs themselves who recruit others, train others and move the products. Many IBOs are fiercely loyal to Amway products even when they could get the exact same product or a similar product, in many cases, at a fraction of the cost at a big box retailer, or even a local retailer. Take a look at Amway's flagship vitamin (double x). Do you really need to pay $75 or more for a one month supply of multi vitamins? That isn't t say Amway has no products of value, but overall, you can get much more product at less cost by shopping at a retail outlet. Amway must add the cost of IBO bonuses to their prices, therefore their prices are abound to be higher than competing products.

    Uplines get you to see the world differently. That you do not equate an hourly wage with your business. But if IBOs did think of their earnings that way, they would easily see that they are working to lose money or to make pennies an hour. For the larger majority of IBOs, working minimum wage would be far more lucrative than spending countless hours and money chasing an Amway dream that is very unlikely to materialize. Uplines also get you to think you are "investing" in your business by purchasing tools, but in reality, you are just a customer of your upline's tool business. Some of you upline might me making most of their income selling cds and function tickets. Tool profits are higher than the profits on Amway so the math is simlpe.

    You dedicate yourself to attending meetings, working the phones, meeting with uplines and downlines. You drive a lot of miles. But what many IBOs do not notice is that the priority in building a business should be a focus on getting more customers and expanding sales. But because Amway products can be hard to sell, most IBOs are focused on expanding their business by recruiting others. An endless chain of recruitment, which is why many people think of Amway as a pyramid scheme. Whether it's legal or not as is, is not my call.

    But the bottom line in my view, is that Amway is more like a job than an independent business. Call it what you will, but in either case, business or job, it doesn't pay well (or at all) for most.

    Amway Will Set You Free?
    When I was an IBO, I often saw my upline diamond driving around town dressed in a business suit. I used to wonder why he keeps working if he can "walk away" and collect residual income? My sponsor told me that the diamond only works because he cares about his downline and wants to help them. So there are two possible scenarios, the diamond is working to help his downline out of a genuine concern for them, or possibly he is working because he has to! The only difference now is that the diamond works the nite and/or graveyard shift, because many IBOs are building the business after the complete their day jobs. This is probably why diamonds sleep until the "crack of noon", because they are working all night!

    Now Amway has stated that the average diamond earns about $147,000 a year. That is a decent income, but after taxes and paying for basic expenses such as medical and dental insurance, the average diamond probably lives a very middle class lifestyle. Keep in mind that a large portion of a diamond's income comes in the form of an annual bonus, thus a diamond's monthly income may be quite small. Yes, diamonds may have other sources of income such as speaking engagements and income from standing orders and functions. But this income depends on the diamond's continued appearances and efforts.

    So is it likely that a diamond is "free"? I would have to conclude that a diamond is not free, and may actually have to spend more time maintaining his group than if the diamond simply had a 9-5 job. For one thing, a diamond needs to maintain a personal group to keep qualifying for bonuses. With a poor retention rate in Amway, I am fairly sure that a diamond spends much time recruiting personally sponsored IBOs to maintain this group. Additionally, a diamond must help his six or more groups of downline platinums to maintain their businesses or face the possibility of falling out of qualification. My former diamond dropped down to the emerald level but has since re-qualified at diamond. A diamond must also dedicate time to reward up and coming movers and shakers, to keep them motivated. I got to spend time with my upline diamond when I was considered a promising up and coming pin.

    In order to continue to receive tools income, a diamond must also travel to numerous functions and speaking engagements. Although the tools income allegedly doubles a diamond's income, it also adds a lot of expenses, especially if the diamond and his family travel first class to show off the diamond lifestyle, and stays in 5 star hotels. It is probably why diamonds need free transportation to and from the airport and why they stay with friends when traveling as much as possible.

    After breaking down projected income and considering projected expenses, I can only conclude that a diamond probably lives a middle to upper middle class lifestyle, and probably works as much as a man with a 9-5 job, except that a diamond works nites and weekends. A good portrait of this is shown in Ruth Carter's book (Amway Motivational Organizations: Behind The Smoke and Mirrors). In the book, the diamond had a net income of over $300,000, but lived in debt, could barely pay his mortgage, and was always on the run from one function to the next. It is very expensive and time consuming to travel from city to city showing off your freedom and diamond lifestyle.

    Is this the freedom you are seeking?

    gurupreet

    6 years ago

    Hi All,

    People from all over India keep calling and messaging me asking for why nothing is happening in the QNET case. Well friends many things keep on happening all the time but i have not been able to post on blogs recently.

    Just a Update...

    QNET has started firing many lawyers out of their cases, but i wonder how that will HELP? How stupid it has been for copy paste lawyers to have filed those stupid ABA,s in the first place and now junior advocates are becoming the fall-guys.

    Many cases were lodged against me and the EOW in various courts including Bombay High Court, Sessions Court-Mumbai, Esplanade court etc.

    I have faced many seniors advocates and counsels like Nitin Pradhan, Abad Ponda, Haresh Mohan Jagtiani etc who have been defending various QNET companies. I have appeared in-person in all these courts i.e without any advocate and till date no QNET company has been able to get any favorable order in any of the several cases filed by them.

    After the QNET websites were blocked by an order of the court these scamsters were again conducting the online scam by forming different sub-domains of the main web site for eg, http://www.qbuzz.qnet.net , and used to post these links using URL shortening services on Facebook etc to show case to new users that see our web sites are functioning and there are no issues. I think even this backdoor has been fixed now.

    Also the links https://portal.qnetindia.in/
    https://portal.qnet.net/eStore4/verifyreferrer.aspx?language=EN
    were working and these links were the portal logins thru which new sign ups used to take place. These links were working as again they were hosted on sub-domains i am sure even that has been fixed and these links are not resolving now.

    My request to every one is you please call/contact me only if you want to fight this menace in our country and i am ready to help any one for that, but i am not in a position to argue or make clarifications regarding the SCAM.

    This fight will go one never the less. People say why there is so silence..but in the past also "There has always been silence before the STORM".

    Regards
    Guru

    jitu moni

    6 years ago

    Cops tracking ‘Diamonds’ of Amway
    Hyderabad: The top police officials of the two States of Andhra Pradesh and Telangana have launched a massive hunt to track down the ‘Diamonds’ and other members of Amway India Enterprises to make sure their role in the multilevel marketing scam of the US-based company.

    According to informed sources, the police of both the states are even sharing information regarding the list of upline members in the hierarchy of Amway India Enterprises, who share commissions on purchase of products by the downline members. The sources said that in the business model of Amway, the upline members who enroll new members into the scheme of purchasing products received sizable income which was nothing but easy and quick money. “Once the list of the ‘Diamonds’ is prepared and their income on commissions is confirmed, we go ahead with arresting them also,” the source said.

    Meanwhile, the police on Monday arrested the MD and CEO of Amway, William S Pinckney, who is presently in Charlapalli Jail and presented him in the judicial court which sent him to remand for 14 days. The MD was sent back to Charlapalli Jail. It is learnt that the police would file a petition in the court seeking custody of Pinckney for interrogation to take the criminal case against him to a logical conclusion.

    A police official said that the law would take its own course and charge sheets would be filed soon in the criminal cases against Amway India. In another twist to the criminal case against the MD of Amway, the High Court did not issue any orders on the petition filed by Amway India to exempt its managing director Pinckney from surrendering the passport to the police department. However, the passport surrender order issue has become an impediment for the release of Pinckney on bail.


    http://apthenewstate.in/2014/07/cops-tra...

    jitu moni

    6 years ago

    http://www.consumercomplaints.in/bycompa...

    parul.goel on Jun 21, 2014

    there is a team of people operating in chandigarh, panchkula mohali. selling fake dreams and conning people of their money. Its a mlm scam. They will tell you its a great business opportunity it will make you crores and they have already brought bmws. its all lies. Fake it till you make it. The cons are mostly found sitting in ccds in sector 14 panchkula. The names of the people in this scams operating in chandigarh panchkula mohali are. 1. Gunjan Nagpal- https://http://www.facebook.com/gunjan.nagpal.75 she owns aura by gunjan. 2 Deepshikha Mahajan- https://http://www.facebook.com/deepshikha.mahajan.3 she owns agadh design studio. 3 sahil nagpal- https://http://www.facebook.com/Thesahilnagpal he sells meat by nagpal foods 4 rashi arora- https://http://www.facebook.com/rashi.arora.3367 5 amit soni who comes from mumbai. Many of the higher ups have landed in jail. These people are trying to con people every day beaware of them

    jitu moni

    6 years ago

    7 Point Charter

    If you are a victim of Qnet and have lost money or know someone who has lost/invested money by believing false claims of their friends and relatives.
    Then follow these steps
    1.Emailed complaint to [email protected]

    2.Send a formal written complaint letter along with product purchase receipt etc as evidence through registered post to the address below:
    Mr. Kapase Investigating Officer Qnet Economic Offenses Wing-3 Crime Branch Mumbai Police, Police Commissioner's Office,Opposite Crawford Market, D N Road, Fort Mumbai 400001.

    3.Keep proof of letter of posting and a xerox copy of complaint.

    4.Email [email protected] and [email protected] demanding refund.Save your emails.

    5.Call/sms FIR complainant Gurupreet Singh Anand on 07498063701 for any query regarding all India FIRs, police complaints, ongoing court cases etc.

    6.Follow developments on Moneylife Qnet (comments section) and join our Facebook group 'Anti Qnet India', where we are all exposing this MLM company along with others in a big way.

    7.Spread the word and this message if you can, as it will be a big help.

    Rakeshqnet

    6 years ago

    Qnet still doing transaction from its qnetindia.net site how can it be stoped

    Rakeshqnet

    6 years ago

    Guys be aware when ur frds or relative call u for any biz plan or for money transfer for biz be away from them, they r the networker who r the basters who will fool u and make u mad to put ur money so that they earn commission from it and the binary plan.when they edify there senior partner name like Rakesh ,Amit son, Pooja verg ,Rohan Nik, mamta,dr Prashant Chand,Sameer vergi,aditya Ronald,mikhil,Pooja so,and many more ,all these r active in cheating people by selling dreams ,they show u dreams to fullfill there own dreams,when ever u hear there name kick them out .once ur trap they will tell u to trap many more and any failure for ur sign up ur responsible,so new commer be aware this is not so easy to earn money, if ur too basterd like them then ur welcome to qnet,

    jitu moni

    6 years ago


    QNet Multi Level Marketing in India – Review
    Posted on 3 June, 2014 by consumer — No Comments ↓

    My friend Natraj Korgaonkar suddenly called me after 1 year, regarding a business meet. When he met me he started to enquire about my financial status, so I shared that it was not that good. He told me that he was running a business for which he left his job & is making more than the salary offered by the job. That sounded good so I fixed a meet. He told me that, it is 4 to 5 years project in which we will meet the VP (Vice Presidents) from different companies in the whole world. He assured that in this business I will be able to make rupees 4 to 5 crore in next 5 years. He asked me that if i would like to join him. I asked for a bit of details from him. He took me to his senior partner, named Mikhil Samel. Mikhil told me that they have very less positions for partners, which was valid only for that day hence i have to book the position immediately without delay, otherwise they will sign up some one else for their business project.

    For this I was suppose to pay Rs. 3 lakhs to start the business, I did not have the arrangement for that sum so I said no to it. Then they said you can pay the booking amount approximately $595 (INR 45,000) and block the position. So I did the same. Then he insisted to make my husband join under me. I said will have to try first & then will put more money in the business, they then assured me the they will manage the business for me and were reluctant to share what exactly the business idea was. Since Natraj Korgaonkar was a trusted friend & used to work with me I believed it & also enrolled my husband for the same amount $595 (INR 45,000). When i asked about the business, they mentioned that “it is an e commerce business. Hence by paying money, i will be buying 3 shares of the company named Q.Net and i will be a partner”. They said ” I will get a IR code, which i can circulate amongst my friend & relatives circle and whenever they will shop, i will get the 10% to 14% of the total amount. They told me that projected profit per partner is 4.81 crore in 4 to 5 years. So, it’s not at all tough business.” When i was asking about company & business more, he never answered. He said its not our “standard operating procedure” SOP and you will know it gradually. As they were pressurizing me for money to close the position. I applied for loan, and i made an online purchase on the website using my credit card for both the transactions. We were not given options as to what we can buy & were forced to buy the holiday package (Explore 1 for 7nights & 8 Days).

    Before enrolling said that this is very easy, he had promised me that I had to put in 2 to 3 hours daily from home, where few days later as after enrolling & making the payment he said I have to work at any time of the day & only as per his availability & meet at the place feasible to him. Most of the time when I called him he was busy during the day time & could not provide enough support. He used to come home at late night to explain the further procedures. I was not comfortable but had no option as I had payed already. I was shocked to see, that the destination for the Holiday package will decided by the company as per hotel & room availability & I had to suggest 3 options for the destination also that I will have to pay a sum of INR 6500 to book the date of my holiday which was not explained earlier. He showed me financial’s of the company and while seeing financials i came to know that it is “Network Marketing”, and I have to make 6 partners to start making money. than i realised that something wrong has happened with me. After Financials he took me to Mc Donalds, Hub Mall Goregaon, Mumbai for some Welcome session, In which they were talking about “Dreams”. They told me to write down minimum 20 Dreams that i would like to fulfill, than he told to make a name list of people whom i know. minimum 500 names. He explained that our name list should exceed by 10% every month, means we have to make new friend to make business partners. etc. The very next day after this session, he took me to a conference that these people call it as “System”. Where their Senior Partners (they call them Uplines) come and address the audience by showing off money & their experience. Still I was not clear that what is this all going on? What I have to do in business? and Natraj was not answering me regarding anything. Whenever i questioned him, he roudly replied that “just do as i am saying, dont dare to run your own brain in this work. No Questions, Just do as i say”. He gave a set of books and DVD’s to study before i start this business for which I had to pay additional INR 1000. I read the books & watched the DVD’s they were all about how to do network marketing. I was amazed to see, that I have got trapped by the tactics shown in the DVD’s & Books. Next time when he met me, he told me about Hot, Warm & Cold Zones. Hot Zones – Means the people who are very close to you and trust you a lot like your parents, best friends and relatives. Warm Zones – Means your normal friends Cold means – the people whom you dont know at all. These zones were the targets for them.

    Natraj told me to make name list of all 500 contacts on my social networking websites. I was doing it than he told me to call up my near dear ones and tell them ” Bada acha business hath laga hai, send me money of minimum Rs.1 lakh immediately to my account. Agar profit nai mila toh, i will give you double amount in 3 years that no bank will give” He told me show urgency by saying ” I have only 1 position and i have to close it immediately, send me money jaldi se” . he told me not to answer any questions of anyone and keep the call. I felt very strange about all these things. According to me, this is not a right or ethical thing that was happening with me. Whatever they were teaching me, was not at all convincing for me. My ethics doesn’t allow me to do anything wrong and lie anyone for money. Hence after seeing all this, i started asking more questions from Natraj and he started getting more & more rude with me. I have been cheated because i saw that, they are teaching me ways to make people fool and get the money from your own friends & relatives. i found it completely unethical. The people who are called Up Lines, listen to every call. They listen to calls to know what are we talking about, as we are not supposed to say a single word without their permission. They want me to get people on the table to see this business plan, and immediately pay them money. I felt my money has been wasted unnecessarily and still i have to pay INR 6500 for the holiday package. I was never informed about the return policy or else I would have changed my decision to pay for this scam. On sheer trust i gave money and now i am paying EMI’s because i can’t lie or break anyone’s trust. Hence I didn’t even made a single partner in this business. I would like to get my money back, so that I can pay my loan back and can live my life peacefully.

    Regards
    [email protected]

    http://www.complaintbox.in/qnet-multi-le...

    REPLY

    abhishekpy

    In Reply to jitu moni 6 years ago

    I feel so sad for such people,its a crime to show someone fake dreams, especially those who are already under financial stress. The amount people invest in Qnet is substantially high and loosing such amount is big financial burden, and i believe these people are raising the money through personal loan/credit card loan which is easily 16-33% interest, terrible investment

    jitu moni

    6 years ago

    Beware Folks!! Another promo circulated "Start Living" 24th May - 4th July (early bird period too)with Indians mostly,(see facebook comments) promising to Pathman for achieving their targets (read family and friends)in the hope of so called "max out"

    https://http://www.facebook.com/pages/V-Managing-Direct...

    jitu moni

    6 years ago

    QNET files appeal against Magistrate's order blocking websites
    Press Trust of India | Mumbai
    May 29, 2014 Last Updated at 18:38 IST
    Hong Kong-based multi-level marketing company QNET, allegedly involved in Rs 425-crore financial fraud, today filed an appeal in a sessions court here challenging a lower court order which had blocked its websites.

    The appeal would come up for hearing by May 31, court sources said.

    On a plea made by Economic Offences Wing (EOW) of Mumbai police, a city Magistrate had on May 3 issued an order asking Indian Computer Emergency Response Team (CERT) of Information and Technology Department of the Union Government to block the websites/servers of the company.

    Accordingly, the CERT blocked these websites which were allegedly indulging in online illegal money circulation schemes. Being aggrieved, QNET filed an appeal in the sessions court.

    The EOW had alleged that the websites of QNET induced the people to jump into money circulation scheme and thus they got cheated by way of selling various products.

    The EOW had arrested nine team leaders of QNET for allegedly duping investors by offering to sell products like magnetic disks, herbal products and holiday schemes through fraudulent practices. However, they were released on bail later.

    QNET has also been accused of using the banned binary pyramid business model for their multi-level marketing schemes to entice investors. The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.

    QNET contended in the appeal that it used its websites -- http://www.Qnet.Net, http://www.Questnet.Net and http://www.Qnetindia.In -- as their "e-commerce" platform to sell various products.

    The company said that without hearing them or giving them an opportunity to plead its case, the Magistrate passed the impugned order asking the authorities to block websites.

    QNET argued that it was engaged in e-commerce and hence its websites is their blood line. The EOW want to block their website to stop the blood line and bring the company business to collapse before proving the allegations levelled against them in the FIR registered in August last year.
    http://www.business-standard.com/article...

    jitu moni

    6 years ago

    Amway Chief Executive Pinckney in Khammam Police Custody
    Press Trust of India | Updated On: May 28, 2014 23:53 (IST)
    Hyderabad:

    The Khammam police in Andhra Pradesh took Amway India chief executive William Scott Pinckney into custody on Wednesday following registration of a case against the direct selling company.

    Amway is facing nine criminal cases at various places in Andhra Pradesh.

    A court in Kurnool district also rejected Mr Pinckney's bail petition and granted his five-day remand to Kurnool police while the Punjagutta police registered yet another case against him.

    However, before Kurnool police could take his custody, the Khammam Police obtained a production warrant from a court in Khammam and furnished it to the Kadapa jail authorities on Wednesday evening. A complaint has been filed against Amway by one G Rama Rao in Khammam.

    "We have taken him (Pinckney) into custody from Kadapa prison....He will be produced before a court in Khammam district," a senior police official told PTI on Wednesday evening.

    Kurnool Superintendent of Police (SP) Raghurami Reddy said they will seek Mr Pinckney's custody from Khammam police by producing the Kurnool court's order. "We may lose one day (of custodial interrogation period) in this process," he said.

    "The police were permitted to take him (Pinckney) into five-day custody from tomorrow (by Kurnool court). It (the Amway business) is going on for the past several years. We need to find out the details about the company's revenues and mode of operations," the police official told PTI over phone from Kurnool.

    Responding to a complaint alleging financial irregularities in Amway's operations, Mr Pinckney was arrested in Gurgaon by the Kurnool Police. He was produced before a court on Tuesday which sent him to Kadapa district jail on a judicial remand.

    Meanwhile, a complaint of cheating was registered against Amway in Punjagutta police station in Hyderabad by a local organisation on Wednesday, said Deputy Commissioner of Police (West Zone) V Satyanarayana.

    "The matter has been forwarded to the legal cell seeking its opinion as no victim has come forward with regard to the complaint....the victim has to come forward and tell about the alleged wrongful loss caused by the multi-marketing business run by the company," he said.

    Amway faces criminal complaints in Guntur, Vijayawada, Prakasam, Khammam, Warangal and Medak. In addition, there are three cases in Hyderabad.

    According to police, the CID had registered a criminal case against Amway in 2006. The company approached High Court seeking a declaration that its marketing scheme does not fall under the provisions of 'The Prize Chits and Money Circulation Schemes (Banning) Act, 1978'.

    But the HC held that the scheme is an illegal 'Money Circulation Scheme' and falls within the definition of mischief as described in the Act. The company got no relief from the Supreme Court either, as per the police.

    Terming the FIRs as "frivolous and misleading", Amway in a late night statement said Mr Pinckney has been denied bail and the company will move higher court.

    It also said the police started moving Pinckney from Kadapa jail to Khammam jail even before the outcome of the bail hearing in Kurnool. This movement was based on another "frivolous" FIR lodged in Khammam some days ago, it added.

    "Subsequently, in the evening, the bail application of William Pinckney was denied by the Kurnool court. We will now approach the sessions court."

    "We maintain that the allegations mentioned in the FIRs are frivolous and give a misleading impression about our business. We had no prior information about the FIR which was filed way back in December 2013," it said.

    The developments highlight the need to amend the Prize Chits and Money Circulation Schemes (Banning) Act 1978 (PCMCS) under which the complaints have been filed against Amway and its CEO, the statement said.

    "Frivolous or motivated complaints filed against a legitimate direct selling company like Amway have been misinterpreted and booked under the PCMCS Act. As pointed out by the Secretary General of FICCI yesterday, such instances can potentially damage the country's reputation as an investment destination," it said.

    The company ask the authorities to take note of the challenges faced by the direct selling industry and provide guidelines to recognise legitimate direct selling companies. The direct selling industry generates an annual revenue of more than Rs. 7,100 crore, it said.

    Amway operates its business through the direct selling model in markets with very stringent direct selling and consumer protection regulations like the USA, UK, China, Malaysia, Singapore, Vietnam without challenge or inhibition maintaining the highest levels of probity, integrity, corporate governance and consumer protection standards, it said.
    http://profit.ndtv.com/news/corporates/a...

    gurupreet

    6 years ago

    Message to the SICK QTARDS (Qnet Retards).

    Welcome back from the WE-Con.

    Your leaders made claims and were posting many things like we are back "Stronger and We will make it grow BIGGER", I hope you all like this pleasant surprise of all your web sites being blocked now.

    Well You all white collared criminals had been cheating innocent people even after my FIR was registered and action by the EOW by making statements that "TILL DATE NO COURT HAS ORDERED ANYTHING AGAINST US"

    So Dear QTARDS how do u all feel to know that a competent court has ordered for blocking of all known web sites running this SICK QNET SCAM ONLINE.

    This is the site i been waiting to see since long...here is the image

    http://imageupper.com/i/?S0200010100011B...

    For non-techies it means no web services are responding of the qnet web sites.

    With the premier agencies having started investigations into this decade old SCAM, i am sure the flight details and flight manifests of all you sick QTARDS is under radar and all those QTARDS who have taken innocent people to Malaysia this year for the WE-CON will be arrested soon...

    Jai Hind
    Guru

    jitu moni

    6 years ago

    http://www.forbes.com/sites/peterjreilly...
    4/28/2014 @ 9:58AM |2,476 views

    Tax Court Denies Amway Losses - Again
    It’s been a while since I’ve seen a Tax Court decision about Amway losses. Several years ago I did a study of all Amway cases. The taxpayers almost always lost and generally for the same reasons. The case of Samer and Mariana Mikhail, decided this month, does not break any new ground. The taxpayers were representing themselves and the stakes were fairly low – deficiency of $8,286 for the year 2009.

    What is Amway all about?

    I attended an Amway presentation many years ago. Apparently things have not changed that much. Amway markets a variety of consumer products through a direct marketing system. The participants are referred to as IBOs (Independent Business Owners). According to its website, Amway has paid out over $40 billion in bonuses and incentives to IBOs since 1959. The key to success as an Amway IBO is not so much selling the product yourself as it is recruiting other people (your down-line), who recruit other people and so on. You get a piece of the action for everybody down line to you just as your upline gets a piece of the action from the sales you generate.
    Video: Amway's Global Growth Strategy Jennifer Rooney Jennifer Rooney Forbes Staff
    Drag Racing And Horse Breeding In The Same Case - At Least They Didn't Try Amway Peter J Reilly Peter J Reilly Contributor
    Track Star Ryan Bailey's Coach Beats IRS In Tax Court Peter J Reilly Peter J Reilly Contributor
    Horse Breeders Win in Tax Court Peter J Reilly Peter J Reilly Contributor

    The Tax Court explains it this way.

    Amway’s compensation system for distributors results in a pyramidlike network of distributors. Under this system an “upline” or “sponsor” distributor is encouraged to recruit new “downline” distributors to become part of his or her organization. “Downline” distributors likewise are encouraged to recruit new distributors who in turn become “legs” of the original “upline” distributor’s organization. “Downline” distributors recruited by the same “upline” distributor are referred to as “crossline” distributors. An “upline” distributor receives bonus payments from Amway based on the volume of sales (as opposed to profits) generated by the “downline” distributors who are part of his or her organization.

    How did it work for the Mikhails?

    Dr. Samar Mikhail is a physician employed by the US Department of Veterans Affairs. In 2007, the final year of his residency, he earned about $64,000. From 2008 to 2011, his earnings went from about $145,000 to about $165,000. Mrs. Mikhail has had some short-term part-time jobs but has mainly been a homemaker.

    Dr. Mikhail was recruited in 2004 by his dentist. He did some research and concluded that the negative assessments you will read about Amway are attributable to individuals “who did not follow the system”. Apparently the Mikhails decided that they would “follow the system”.

    Petitioners conducted their Amway activities in accordance with instructions from their “upline” distributors, educational materials obtained from an Amway-related educational system known as Leadership Team Development (LTD), and information obtained while attending Amway seminars, workshops, and conferences. Petitioners did not seek advice from disinterested professionals, develop a business plan, prepare profit projections, or undertake any type of market analysis.

    Petitioners attended weekly and monthly Amway meetings held locally and elsewhere in Florida. During 2009 they attended five national Amway.

    The part I highlighted is a tip-off that the case is not going to go well for the Mikhails. Tax Court judges are big believers in business plans.

    Dr. Mikhail testified that the time he devotes to Amway activities is largely directed at recruiting new distributors. He further testified that he usually spends his lunch hour, as well as an hour or two after work, and approximately three hours every weekend on Amway activities and that Amway is always “at the forefront” of his mind. Dr. Mikhail spent more time on Amway activities than Mrs. Mikhail.

    Mrs. Mikhail testified that she is responsible for bookkeeping, business management, and organization of Amway parties and events. During 2009 she maintained records of the couple’s Amway-related expenses including a mileage log, a spreadsheet listing monthly expenses, and credit card statements. Petitioners did not use their Amway records to prepare a formal budget or conduct a break-even analysis.

    Petitioners initially attempted to recruit family members and friends as “downline” distributors but found that most of them were unable to “overcome their life circumstances and continue to build Amway with us”. Petitioners later altered their recruitment strategy by frequenting upscale restaurants and shopping areas and striking up conversations with people they encountered with the aim of identifying what they termed “learners”. Petitioners purchased books and CDs from LTD and gave them to potential recruits.

    The Mikhails posted losses in every year from 2005 through 2011. All in, there was less than $30,000 in revenue and a total net loss of $192,427

    The Decision

    The Court starts off with the classic nine factors.

    These factors are: (1) the manner in which the taxpayer carries on the activity; (2) the expertise of the taxpayer or his advisers; (3) the time and effort expended by the taxpayer in carrying on the activity; (4) the expectation that the assets used in the activity may appreciate in value; (5) the taxpayer’s success in carrying on other similar or 4 dissimilar activities; (6) the taxpayer’s history of income or losses with respect to the activity; (7) the amount of occasional profits, if any, which are earned; (8) the financial status of the taxpayer; and (9) any elements indicating personal pleasure or recreation.

    They pretty much went 0 for 9.

    Although petitioners kept records of their Amway expenses, they did not use those records to analyze their business performance or to prepare profit projections, a break-even analysis, or a formal budget.

    Petitioners obtained advice only from “upline” distributors—persons who had a direct financial interest in the maximization of petitioners’ sales volume, without regard to whether they would realize a profit.

    Under the circumstances, we conclude petitioners did not spend a significant amount of time on the Amway activity.

    Petitioners had no prior experience engaging in a direct marketing distributorship or managing a small business of any sort.

    Although petitioners testified that they believe the Amway activity will eventually generate profits, we cannot discern on this record any definitive trend to the upside for petitioners, and there certainly is no indication that they are on their way to the level of profitability that would allow them to recoup the substantial cumulative losses they have incurred to date.

    The record shows that petitioners used their Amway distributorship as a means to generate deductions for essentially personal expenditures and to enjoy discounts on items they purchased for personal consumption. The availability of consumer product discounts for personal use merchandise is a factor supporting the conclusion that petitioners lacked a profit objective.

    We also note that petitioners (1) traveled together to attend Amway seminars and conferences in various cities, (2) took trips to New York and Texas to discuss Amway with family and friends, and (3) hosted meetings that had a social component. All things considered, we conclude that petitioners derived personal benefits and pleasure from the Amway activity. This factor weighs against petitioners.

    About Being An Amway IBO

    It is not hard to find a lot of criticism of the Amway IBO experience. According to the critics most people don’t make any money and the big earners make most of their money from selling motivational tools to the wannabees. Then you will find critics of the critics. I have determined to remain agnostic on that issue. The record in Tax Court is somewhat supportive of the critics, but of course there is a sampling problem. Successful Amway IBOs will not end up in Tax Court defending year after year losses.

    The most colorful critic is probably the author of Married To An Ambot. Of course there are those who question her sincerity. I have decided not to have a dog in that fight, but to stick with what I read in original tax documents, which allows me to formulate some advice that is sound regardless of what the “truth about Amway” is. It boils down to two suggestions.

    My Suggestions.

    My first suggestion is that if you want to have a side business to make personal expenses deductible (which is something that you should not do at all, by the way), Amway is about the worst thing to pick. People with persistent Amway losses do not do well in Tax Court. The other is that if you expect that a side activity will ultimately be profitable, you might want to consider suspending the losses under Code Section 469. Although, in principle, this does not immunize you from being attacked under Section 183, as a practical matter it does since you are not getting a current benefit. You will get the benefit when the activity becomes profitable or you abandon it.

    You can follow me on twitter @peterreillycpa.

    Note

    The case has not attracted much notice. Joe Kristan wrote

    I avoid multi-level marketing clients because their “profit” so often comes from putting personal expenses on Schedule C. It sure seems that way here.

    The Tax Court declined to impose penalties, citing taxpayer maintenance of good records and reliance on a CPA to prepare their returns. Considering that the Tax Court has upheld penalties for taxpayers who are more sympathetic than a doctor deducting his car, it’s somewhat surprising. It shows that even if you can’t show a profit motive, using good records and a preparer can at least help avoid penalties.

    jitu moni

    6 years ago

    Amway's Claims Are Malarkey, Distributors Say
    By MATT REYNOLDS

    LOS ANGELES (CN) - The world's largest Amway distributors expanded their business from Taiwan into Chinese communities in the United States, defrauding their new clients with promises of "enormous profits," nine Amway sellers claim in court.
    Lead plaintiff Longsheng Lei and eight other of the self-described "most successful distributors in the entire Amway organization" sued Amway and husband-and-wife Amway distributors Barry Chi and Holly Chen in Superior Court. They allege breach of contract, fraud, false advertising, unfair competition, unjust enrichment, conversion and negligent misrepresentation.
    "Defendants, husband and wife Barry Chi and Holly Chen are the single largest Amway distributors in the world," the lawsuit states. "Barry and Holly's network has spread from her base in Taiwan to Chinese communities in United States, including the Southern California region."
    Chi and Chen persuaded the plaintiffs to attend their seminars and become "independent business owners" through Amway's pyramid selling structure, Lei says.
    According to the 14-page lawsuit, the husband and wife made "false promises of enormous profit" and Chen told seminar attendees that she has so much money she "doesn't even know how much she makes."
    Lei claims that although the defendants promised she could make hundreds of thousands of dollars or even millions in commissions, the reality is that Amway knows its business owners make closer to $200 a month.
    She claims that Amway and Chen and Chi, like other high-level distributors, make most of their money through the sale of "non-Amway" motivational books, tapes and seminars.
    Lei claims that after she became an independent business owner in 2011, Amway falsely accused her of using other Amway sellers to send products to an Army base in Texas.
    Another distributor, plaintiff Hui Cao, was accused, with scant evidence, of selling Amway products through Amazon storefront, Platinum Wire, according to the lawsuit.
    Amway suspended Lei's registrations and withheld Cao's commissions even though Amway represents to distributors that they work for themselves and are not "bound one to the other in any other relationship other than that of an independent arm's length business relationship," the lawsuit states.
    The plaintiffs seek punitive damages and costs and are represented by Long Liu of San Gabriel.
    Amway did not immediately respond to a request for comment.
    http://www.courthousenews.com/2014/04/29...

    jitu moni

    6 years ago

    Amway's Claims Are Malarkey, Distributors Say
    By MATT REYNOLDS

    LOS ANGELES (CN) - The world's largest Amway distributors expanded their business from Taiwan into Chinese communities in the United States, defrauding their new clients with promises of "enormous profits," nine Amway sellers claim in court.
    Lead plaintiff Longsheng Lei and eight other of the self-described "most successful distributors in the entire Amway organization" sued Amway and husband-and-wife Amway distributors Barry Chi and Holly Chen in Superior Court. They allege breach of contract, fraud, false advertising, unfair competition, unjust enrichment, conversion and negligent misrepresentation.
    "Defendants, husband and wife Barry Chi and Holly Chen are the single largest Amway distributors in the world," the lawsuit states. "Barry and Holly's network has spread from her base in Taiwan to Chinese communities in United States, including the Southern California region."
    Chi and Chen persuaded the plaintiffs to attend their seminars and become "independent business owners" through Amway's pyramid selling structure, Lei says.
    According to the 14-page lawsuit, the husband and wife made "false promises of enormous profit" and Chen told seminar attendees that she has so much money she "doesn't even know how much she makes."
    Lei claims that although the defendants promised she could make hundreds of thousands of dollars or even millions in commissions, the reality is that Amway knows its business owners make closer to $200 a month.
    She claims that Amway and Chen and Chi, like other high-level distributors, make most of their money through the sale of "non-Amway" motivational books, tapes and seminars.
    Lei claims that after she became an independent business owner in 2011, Amway falsely accused her of using other Amway sellers to send products to an Army base in Texas.
    Another distributor, plaintiff Hui Cao, was accused, with scant evidence, of selling Amway products through Amazon storefront, Platinum Wire, according to the lawsuit.
    Amway suspended Lei's registrations and withheld Cao's commissions even though Amway represents to distributors that they work for themselves and are not "bound one to the other in any other relationship other than that of an independent arm's length business relationship," the lawsuit states.
    The plaintiffs seek punitive damages and costs and are represented by Long Liu of San Gabriel.
    Amway did not immediately respond to a request for comment.
    http://www.courthousenews.com/2014/04/29...

    jitu moni

    6 years ago

    All that glitters is not gold in network marketing
    CNN-IBN
    Feb 26, 2008 at 11:35am IST

    Software professional A V S Satyanarayana changed gears to become an Amway distributor only to realise he could not steer his life anymore. “What they publicise and talk inside are completely different. It is very much illegal. You can’t force your consumer to buy certain things and you can't force another consumer to utilise these things,” says Satyanarayana.

    When his family life started to come apart Satyanarayana opted out but not before filing a FIR against Amway India Enterprises with the CID in Hyderabad. “I expressed my unwillingness to continue in the scheme and inability to enroll other member. They approached my family members and office subordinates and started to harass them to join in the scheme on my behalf,” says Satyanarayana.

    “Amway confuses distributor as consumer, consumer as distributor. If consumer raises his voice and says this product is costly and suddenly they say you are a distributor you can't talk and if you go as a distributor say you need low prices,” Satyanarayana.

    Loss or gain

    A CNN-IBN investigation sought to find out the truth about multi-level marketing. It met a couple whose children sank their retirement benefits into network marketing. Dr Umamaheshwar Rao, a retired scientist, and his wife were initially supportive of their children's venture.

    “For over five or six years they were into the business. I went along with them supported them in every way financially, physically and morally, but in the end it was found to be a losing game by themselves,” says Rao.

    The expenditure was guaranteed but not the income. “The net result is a loss. The sales were less and the money spent in the game was more.” The family lost several lakh rupees even as their children drifted away.

    PAGE_BREAK

    “It ruined our inter-personal relationships. People were cult controlled in immeasurable ways,” says Rao, who has filed a public interest litigation (PIL) for action against Amway.

    In Percherla village, in Andhra Pradesh's Guntur district, the CNN-IBN investigation met more families who accuse network marketing companies of exploiting their ignorance and illiteracy.

    Anasuya is a tailor. She has been dealing with angry neighbours ever since she got them to join the network-marketing scheme of Pearls Agrotech Corporation. “They told me pay Rs 1,365 per annum and after five and half year you will get Rs 10,900,” says Anasuya.

    “The agent pursued me and said if I get 10 members I will be paid more commission. They were even promised plots of land as payment. They gave bonds in which there is no money but a plot I don't know where this plot is,” alleges Anasuya.

    People from Percherla have been duped into shelling out almost Rs 20 lakh for land that only exists on paper. In Ramadevi's case after this dud investment, her husband just walked out on her.

    “The money I paid was without the consent of my husband that led to problems. My husband left home,” says Ramadevi.

    When contacted Pearls Agrotech refused to comment.

    The recipe for success

    Like Indian companies, Amway has also found its way into the villages of Andhra Pradesh. Brammiah Addanki wanted to do better in life, and was told that by joining Amway he could achieve his dream of owning a concrete house.

    Brahmiah and his wife earned just Rs 4,000 a month and they poured all of that to become Amway distributors. “They promised my wife air tickets. She was told to enroll more persons to earn her commission. We were also told these products would earn us a lot of money,” says Brahmiah.

    They spent thousands on enrolling members and stockpiling products… including items they didn't even need. Till they realised that buying was easier than selling.

    “Out of Rs 20,000 I only recovered Rs 5,000. We had to consume most of it ourselves because these items are too expensive for others in the village. We put our savings into this. We borrowed money, now we are in debt,” says Brammiah.

    PAGE_BREAK

    Gajulapeta in Ibrahimpatnam is full of families who have lost money chasing the promises held out by network marketing firms.

    Baali, a daily labourer earning Rs 50 a day, mortgaged her house hoping to become a successful Amway Business Owner. “When they met me, they said it's a great opportunity to earn money. I didn't have spare money then, so I raised it by mortgaging my house,” says Baali.

    “First I paid Rs 5,000, then Rs 2000 and then Rs 2000 again. Like this I paid Rs 50,000 borrowing on interest,” says Baali.

    “Companies create a rosy picture saying you should become a member of multi-level marketing and you will get many things. They say you will get health as well as wealth,” says Divakar Babu, of the Consumer Guidance Society.

    Baali, like most women in Gajulapeta, got none. She curses herself for not being able to look beyond the gloss. CNN-IBN then approached the woman who introduced Amway and roped in all her neighbors to do network marketing in this small village.

    B Lakshmi didn’t know about the risks of network marketing and enthusiastically made a down line of 30 people. “They said it depends upon the number of people I can convince to join. I was told I could earn up to Rs 50,000 a month. I would start with Rs 5000 and by the end of one year it would be Rs 50,000,” says Lakshmi

    To sail the seven seas, she even borrowed from micro finance schemes. Lakshmi and her husband's story will never make it to these brochures her husband is livid and the neighbors unforgiving…

    When asked how they chose their distributors, in a written response, Amway admitted that no minimum educational qualifications were required. Self-belief and a strong desire to succeed in the long term was needed in the business, the company said.

    Amway Response:

    "The Direct Selling Industry does not "impose" any minimum desirable educational qualification"

    "For distributors, self belief and a strong desire to succeed with a long term business perspective is needed"

    http://ibnlive.in.com/news/all-that-glit...

    jitu moni

    6 years ago

    Investor Alert: Beware of Pyramid Schemes Posing as Multi-Level Marketing Programs

    The SEC's Office of Investor Education and Advocacy is issuing this Investor Alert to warn individual investors about pyramid schemes, a type of investment scam that fraudsters often pitch as a legitimate business opportunity in the form of multi-level marketing programs.

    Have you ever been tempted by an advertisement or offer to make "easy money" or "online income" out of your own home? Multi-level marketing ("MLM") programs are promoted through Internet advertising, company websites, social media, presentations, group meetings, conference calls, and brochures. In an MLM program, you typically get paid for products or services that you and the distributors in your "downline" (i.e., participants you recruit and their recruits) sell to others. However, some MLM programs are actually pyramid schemes -- a type of fraud in which participants profit almost exclusively through recruiting other people to participate in the program.

    Pyramid schemes masquerading as MLM programs often violate the federal securities laws, such as laws prohibiting fraud and requiring the registration of securities offerings and broker-dealers. In a pyramid scheme, money from new participants is used to pay recruiting commissions (that may take any form, including the form of securities) to earlier participants just like how, in classic Ponzi schemes, money from new investors is used to pay fake "profits" to earlier investors. Recently, the SEC has sued the alleged operators of large-scale pyramid schemes for violating the federal securities laws through the guise of MLM programs.

    When considering joining an MLM program, beware of these hallmarks of a pyramid scheme:

    No genuine product or service. MLM programs involve selling a genuine product or service to people who are not in the program. Exercise caution if there is no underlying product or service being sold to others, or if what is being sold is speculative or appears inappropriately priced.
    Promises of high returns in a short time period. Be leery of pitches for exponential returns and "get rich quick" claims. High returns and fast cash in an MLM program may suggest that commissions are being paid out of money from new recruits rather than revenue generated by product sales.
    Easy money or passive income. Be wary if you are offered compensation in exchange for little work such as making payments, recruiting others, and placing advertisements.
    No demonstrated revenue from retail sales. Ask to see documents, such as financial statements audited by a certified public accountant (CPA), showing that the MLM company generates revenue from selling its products or services to people outside the program.
    Buy-in required. The goal of an MLM program is to sell products. Be careful if you are required to pay a buy-in to participate in the program, even if the buy-in is a nominal one-time or recurring fee (e.g., $10 or $10/month).
    Complex commission structure. Be concerned unless commissions are based on products or services that you or your recruits sell to people outside the program. If you do not understand how you will be compensated, be cautious.
    Emphasis on recruiting. If a program primarily focuses on recruiting others to join the program for a fee, it is likely a pyramid scheme. Be skeptical if you will receive more compensation for recruiting others than for product sales.

    The SEC has taken emergency enforcement action to stop alleged pyramid schemes that violate the federal securities laws, including schemes disguised as MLM programs.

    For example, in a recently filed litigation, SEC v. CKB168, the SEC filed charges to stop an alleged pyramid scheme perpetrated under the façade of an MLM program for online children's courses. The promoters of the scheme allegedly solicited investors worldwide, including targeting members of Asian-American communities in New York and California. The SEC alleges that these promoters misrepresented CKB as a legitimate and profitable MLM company that sells web-based children's educational courses when, in fact, CKB has little or no retail consumer sales and no apparent source of revenue other than money received from new investors.

    In an adjudicated settled action, SEC v. Rex Venture Group, the SEC shut down a $600 million fraud that duped approximately one million Internet customers through a complex investment scam involving a Ponzi scheme promoted as a daily profit-share pool and a pyramid scheme pitched as an MLM program for Zeekrewards.com, the self-described affiliate advertising division for zeekler.com, a penny auction website. The SEC alleged that, for the pyramid scheme component of the scam, the defendants promised bonuses and commissions to customers for enrolling in a monthly subscription plan and recruiting others to join the plan. However, according to the SEC's complaint, new customers' funds were pooled and used to pay recruiting bonuses to existing customers because there was no substantial legitimate revenue from product sales.

    Pyramid schemes cannot be sustained and always collapse eventually. Protect yourself and your money by steering clear of any "opportunity" bearing warning signs of a pyramid scheme.

    http://www.sec.gov/investor/alerts/ia_py...

    jitu moni

    6 years ago

    meghpol.nic.in/alert/Alert_MLM.pdf

    jitu moni

    6 years ago

    I. Money Circulation/Multi-Level Marketing (MLM)/ Ponzi Schemes/ Unincorporated Bodies (UIBs)

    45. What are money circulation/Ponzi/multi-level marketing schemes?

    Money circulation, multi level marketing / Chain Marketing or Ponzi schemes are schemes promising easy or quick money upon enrollment of members. Income under Multi level marketing or pyramid structured schemes do not come from the sale of products they offer as much as from enrolling more and more members from whom hefty subscription fees are taken. It is incumbent upon all members to enroll more members, as a portion of the subscription amounts so collected are distributed among the members at the top of the pyramid. Any break in the chain leads to the collapse of the pyramid, and the members lower in the pyramid are the ones that are affected the most. Ponzi schemes are those schemes that collect money from the public on promises of high returns. As there is no asset creation, money collected from one depositor is paid as returns to the other. Since there is no other activity generating returns, the scheme becomes unviable and impossible for the people running the scheme to meet the promised return or even return the principal amounts collected. The scheme inevitably fails and the perpetrators disappear with the money.

    46. Is acceptance of money under Money Circulation/Multi-level Marketing/Pyramid structured schemes allowed?

    No. Acceptance of money under Money Circulation/Multi-level Marketing/Pyramid structured schemes and Ponzi schemes is not allowed as acceptance of money under those schemes is a cognizable offence under the Prize Chit and Money Circulation (Banning) Act 1978.

    47. Does RBI regulate Money Circulation/Multi-level Marketing/Pyramid structured scheme?

    No. Prize Chits and Money Circulation Schemes are banned under the Prize Chits and Money Circulation Schemes (Banning) Act of 1978. The Reserve Bank has no role in implementation of this Act, except advising and assisting the Central Government in framing the Rules under this Act.

    48. Then who regulates entities that run such schemes?

    Money Circulation/Multi-level Marketing /Pyramid structured schemes are an offence under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. The Act prohibits any person or individual to promote or conduct any prize chit or money circulation scheme or enrol as member to its schemes or anyone to participate in it by either receiving or remitting any money in pursuance of such chit or scheme. Contravention of the provisions of this Act, is monitored and dealt with by the State Governments.

    49. What if someone operates such a scheme?

    Any information/grievance relating to such schemes should be given to the police / Economic Offence Wing (EOW) of the concerned State Government or the Ministry of Corporate Affairs. If brought to RBI notice – we will inform the same to the concerned State Government authorities.

    50. Who can the Depositor/Investor turn to in case of grievances?

    The two Charts given at Annex I and II depict the activities and the regulators overseeing the same. Complaints may hence be addressed to the concerned regulator. If the activity is a banned activity, the aggrieved person can approach the State Police/Economic Offences Wing of the State Police and lodge a suitable complaint.

    51. Who has the power to take action against Unincorporated Bodies (UIBs) accepting deposits?

    As per Section 45T of RBI Act, both the RBI and State Governments have been given concurrent powers. Nonetheless, in order to take immediate action against the offender, the information should immediately be passed on to the State Police or the Economic Offences Wing of the concerned State who can take prompt and appropriate action. Since the State Government machinery is widespread and the State Government is also empowered to take action under the provisions of RBI Act, 1934, any information on such entities accepting deposits may be provided immediately to the respective State Government’s Police Department/EOW.

    Many of the State Governments have enacted the State Protection of Interests of Depositors Act in Financial Establishments, which empowers the State Government to take appropriate and timely action.

    Section 45S of the RBI Act 1934 specifically prohibits unincorporated bodies like individuals, firms and unincorporated association of individuals from accepting deposits from the public if they are carrying on financial activity or are accepting deposits as their principal business. The Act makes acceptance of deposits by such UIBs punishable with imprisonment or fine or both.

    The RBI Act, 1934, gives concurrent powers to the Reserve Bank and the State Government to obtain a search warrant from the Court to investigate the acceptance of deposits by such UIBs.

    An Authorized Officer of the Reserve Bank or the State Government can file a complaint in a court of law against the unincorporated bodies and the individuals concerned for the offence.

    http://www.rbi.org.in/scripts/FAQView.as...

    jitu moni

    6 years ago

    State government notifies public against MLM network scams
    Imphal Free Press
    By Imphal Free Press May 17, 2011 21:00

    IMPHAL May 17: In the aftermath of the financial devastation caused by certain networks namely Visarev, Unipay, Forex ,Global Index Daily which had swindled crores from scores of investors from the state, the government has finally addressed the issue.

    A notification of the Finance department signed by V K Dewangan, commissioner has informs the public that Prize chits or benefit schemes only give advantage to the promoters and do not serve any social purpose.

    Thus, the so called Multi Level Marketing (MLM), though called by very attractive names squarely falls within the definition of `Money Circulation Scheme` under the act and hence prohibited by the Prize Chits and Money Circulation Schemes (Banning) (Manipur) Rules, 1978.

    The notification says that the general public should avoid and not enroll themselves into these schemes as they not only destroy the economic fabric of the state but also the fiscal system of the country.

    Further, it also informed that MLM schemes destroy the knitted social fabric of our society and therefore, the public should not associate themselves with such companies. Citing previous cases of the Supreme Court and various other courts issuing judgments against the MLM`™s which are camouflaged illegal money circulation schemes, it mentions cases of Amway vs State of Andhra Pradesh, FMCG vs State of Tamil Nadu etc and in these cases, the judgments`™ passed clearly states that these types of schemes are prejudicial to public interest and also adversely affects the efficacy of fiscal and monetary policy as siphoning of crores take place without accountability.

    In this regard, the department of Financial Services, ministry of Finance, government of India has directed the Directorate of Enforcement and Central Economic Intelligence Bureau for taking up appropriate action against these major financial scams. The Central Economic Intelligence Bureau, in turn has directed state governments for taking up appropriate action.

    Further, it states that the general public, government officials and others concerned that the specific provisions under Prize Chit and Money Circulation Schemes (Banning) (Manipur) RULES, 1978 and relevant sections under section 420 of the Indian Penal Code are available to be invoked and effectively check and prevent progress of such dubious floated companies.

    The notice further mentioned that Section 3 of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 bans such schemes or participation in such schemes. Section 4 and 5 are penal provisions and prescribe punishment. Section 6 deals with offences committed by such companies. Section 7 authorizes police officers not below the rank of OC to exercise power to enter and search premises and to seize things used for such schemes. Section 8 provides for forfeiture of newspaper and publication containing money circulation schemes. The Preamble of 1978 Act declares that it has been enacted `to ban the promotion or conduct of prize chits and money circulation schemes and for matters connected therewith and incidental thereto`, it added.

    The notice mentions that the easy prey is the middle class and loses all their savings even at the cost of their blood relations, with their kith and kin also being victimized. The worst sufferers in such schemes are often unemployed youths who lose their time, health, wealth in the wild goose chase. Such schemes have ultimately destroyed a number of families and friendships, it said.

    http://kanglaonline.com/2011/05/state-go...

    jitu moni

    6 years ago

    M/S. Transview Enterprise India ... vs Union Of India on 31 October, 2013
    .....
    3. Briefly stated the facts are: that the petitioner had imported "Amezcua Chi Pendant" said to be artificial jewellery from its supplier M/s. QNET Ltd., Hong Kong. Value of the goods was declared to be `4,47,45,092/- by the petitioner. Self assessment was made and system appraisal through Risk Management System and the petitioner paid duty of `97,46,340/- on 14.12.2012. The Bill of Entry was taken up for investigation by the Special Intelligence and Investigation Branch (SIIB) on information that the goods were misclassified and under valued. The goods were examined on 27.12.2012 at the warehouse, Customs Freight Station. It was found that the goods were 'Glass Pendant' and not artificial jewellery as stated in the Bill of Entry. It was also stated that they were "Made in Germany" and its country of origin was not Malaysia as stated by the petitioner. The 5

    respondent-Department found that the classification was improperly made by the petitioner and that a higher rate of customs duty was applicable to the goods. On further investigation, the Department found that price of the goods were under valued by the importer and that there were several other deficiencies in the import.

    4. The second respondent prima facie found that there was a mis-declaration on the part of the importer on the following grounds: a) Description

    b) Country of origin

    c) Classification

    d) Existence of relationship with the supplier e) True transaction value

    5. Under these circumstances, goods were seized by mahazar drawn on 11.01.2013. Thereafter, the petitioner sought release of the goods by its letter dated 01.02.2013. In the meanwhile, 6

    WP No.19402/2013 had been preferred before this Court. Since the case required adjudication on the aforesaid aspects, the second respondent passed an Order under Section 110(2) of the Customs Act, 1962 extending the detention of the goods by further period of six months upto 10.01.2014.
    http://www.indiankanoon.org/doc/14448451...

    jitu moni

    6 years ago

    William Scott Pinckney vs Ut Chandigarh on 17 June, 2013
    Learned counsel for the petitioner submits that the petitioner is an American national. He is Chief Executive Officer and Managing Director of M/s Amway India Enterprises Pvt. Ltd. incorporated under the Companies Act. The said Company has a turnover of Rs.2000 Crore per annum in India. The FIR was registered in the year 2002 and thereafter, the untraced report was prepared but due to variety of reasons all of a sudden, the CRM-M No.19553 of 2013 Investigating agency presented the charge sheet in the year 2012.
    Petitioner William Scott Pinckney son of Bernard Ross Pinckney is permitted to leave India in accordance with the norms from 22.6.2013 to 29.6.2013 subject to his furnishing security by two Indian Directors of M/s Amway India Enterprises Pvt. Ltd. in the sum of ` 5 lacs each by way of bank guarantee/fixed deposit receipts to the satisfaction of the learned trial Court/Duty Magistrate, Chandigarh.
    http://indiankanoon.org/doc/49506765/

    jitu moni

    6 years ago

    Prithvi Raj Bijlani vs Ut Chandigarh on 17 June, 2013

    Prayer in this petition is for grant of permission to petitioner Prithvi Raj Bijlani to leave India and visit abroad. The petitioner has been booked for the offence punishable under Section 420, IPC and Sections 3 & 4 of the Prize Chits and Money Circulation Schemes Banning Act, 1978 in three separate cases arising out of the one and same FIR.
    The petitioner is an Indian national. He was Director of CRM-M No.19823 of 2013 -3- M/s Amway India Enterprises Pvt. Ltd. at the relevant time.
    The petitioner is permitted to leave India from 21.6.2013 to 2.7.2013 subject to his furnishing indemnity bonds in the sum of ` 2 lacs with two local sureties to the satisfaction of the learned trial Court/Duty Magistrate, Chandigarh.
    http://indiankanoon.org/doc/166252796/

    jitu moni

    6 years ago

    Amway India Enterprises, vs Union Of India (Uoi), 19 July, 2007
    ...34. It is, thus, evident that the whole scheme is so ingeniously conceived that the inducement for aggressive enrollment of new members to earn more and more commission is inherent in the scheme. By holding out attractive commission on the business turned out by the downline members, the scheme provides for sufficient inducements for its members to chase for the new members in their hot pursuit to make quick/easy money. On the part of the promoter by pushing each member to achieve the minimum sales worth Rs. 2,000/- per month, (this sale includes enrollment of new members) he is assured of about Rs. 1000 crores per annum. All this squarely satisfy the description of quick/easy money. In addition to this, it is an admitted fact that each person in order to continue to be the distributor, shall pay renewal subscription fee of Rs. 995/- per annum. In para-11(b) of the counter affidavit on the admitted number of distributors of 4,50,000 this amount is calculated at about Rs. 45 crores per annum. These figures are not denied by the first petitioner in its rejoinder. The plea of the first petitioner that there is no compulsion that a member shall renew his distributorship looks to us to be specious. Once a person becomes a distributor in a scheme of this nature where the sops in the shape of commission are so luring, it would be very difficult for a member to withdraw from their membership to avoid payment of the annual renewal subscription fee.
    35. From the whole analysis of the scheme and the way in which it is structured it is quite apparent that once a person gets into this scheme he will find it difficult to come out of the web and it becomes a vicious circle for him. In any event the petitioners have not specifically denied the turnover they are achieving and the income they are earning towards the initial enrollment of the distributors, the renewal subscription fee and the minimum sales being achieved by the distributors as alleged in the counter affidavit. By no means can it be said that the money which the first petitioner is earning is not the quick/easy money. By promising payment of commission on the business turned out by the down-line members sponsored either directly or indirectly by the up-line members (which constitutes an event or contingency relative to enrollment of members), the first petitioner is earning quick/easy money from its distributors, apart from ensuring its distributor earn quick/easy money. Thus the two ingredients are satisfied in the case of promoter too. We are, therefore, of the considered view that the scheme run by the petitioners squarely attracts the definition of "Money Circulation Scheme" as provided in Section 2(c) of the Act....

    41. The complaint submitted to the CID Police, Hyderabad in this case is exhaustive. The complainant graphically described how the scheme run by petitioner No.1 through the other petitioners and various distributors in the country constitutes money circulation scheme. The gist of the complaint has already been extracted herein before. From the conclusion arrived at by us on the analysis of the admitted material available before us concerning the scheme, we have no doubt whatsoever that if the allegations contained in the report of C.No.1474/C-27/CiD/2006 dated 24-9-2006 are taken on their face value they make out an offence punishable under the provisions of Sections 4, 5 and 6 of the Act.

    http://www.indiankanoon.org/doc/1369717/

    jitu moni

    6 years ago

    Pushpam Appala Naidu vs State Of Karnataka on 6 May, 2010

    This petition under Section 482 of the Code of Criminal Procedure, 1973 is directed against the proceedings in Cr. No. 28 of 2008 on the file of the I Additional Chief Metropolitan Magistrate, Bangalore, which after investigation is registered as CC No. 13035 of 2010 for the offence punishable under Sections 406 and 420 of the Indian Penal Code, 1860.

    2. Petitioners are arraigned as accused. The circumstances leading to registration of such a case is that one Smt. Ayisha Begum, Petitioner 12, filed a report alleging that her neighbour Vazeer Vayathyulla Sharieff, had introduced her to M/s. Quest Net Company on the basis that he was working for it. He persuaded her to invest Rs. 30,000/- on the promise that she would get Rs. 1,000/- income per month. Believing his assurance she deposited the amount. He had actually assured other benefits also, but later it was found it was a trick to defraud the complainant. Cheating Was the main offence alleged apart from the charge under Section 406 of IPC.

    3. On the basis of her report, investigation by CID resulted in filing of the final report. Petitioners 1 to 11 are summoned. They are ranked as accused 1 to 11. After lodging of the complaint the complainant-Smt. Ayisha Begum on her own volition sought to withdraw her report, but police officers have not allowed her since the final report has already been filed. Pursuant to filing of the final report case is registered in Criminal Case.

    4. In the circumstance, the Petitioners have applied to this Court and the complainant has joined them as party array to support their cause. The complainant has also filed an affidavit in this case indicating that she has no interest in prosecuting the case as she has already received the entire amount invested. The learned Counsel for Petitioners would submit that in view of the fact situation there is no case made out to try them for the offence punishable under Section 420 or 406 of IPC or for Sections 4, 5 and, 6 of Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

    5. On behalf of the State there is little or nothing to say in the matter because the complainant on whose complaint the case was registered and investigation was carried out by the CID, Bangalore has now recalled and withdrawn all allegations. This Court in similar circumstances accepted the plea of the accused and has quashed the proceedings as is evident from the order passed in Cri. P. No. 5607 of 2009, dated 13-11-2009 and also in Cri. P. No. 6600 of 2009, dated 18-12-2009. Since the same issue has arisen for consideration in this case and in view of the Complainant's stand that she does not intend to prosecute her complaint as she has already received the amount and as there was no intention to Petitioners 1 to 11 to defraud her, I am satisfied that no fruitful purpose would be served in continuing prosecution, which will undoubtedly fail in view of the stand taken by the complainant.

    6. In the result, the petition is allowed. The proceedings in CC No. 13035 of 2010 on the file of the I Additional Chief Metropolitan Magistrate, Bangalore, are quashed.

    At this stage, the learned Additional State Public Prosecutor Mr. Nawaz, submits that the order may be confined only to the Petitioners in this case.

    Accordingly, the order would confine only to the Petitioners herein.
    http://www.indiankanoon.org/doc/54266024...

    jitu moni

    6 years ago

    Commission starts work in Gold Quest case

    TIMES NEWS NETWORK

    Chennai: Former Madras high court judge,Justice KP Sivasubramanian,who has been appointed as settlement commissioner by the Supreme Court in the Gold Quest cheating case,will submit a report to the apex court after a six-monthlong inquiry.
    The multi-level marketing company is accused of cheating more than 30,000 people.Addressing mediapersons,Sivasubramanian said,Complainants can file their claims on or before May 31. The commissioner may issue notice to Gold Quest International Pvt Ltd and officials of Crime Branch CID (CB-CID ).
    According to the police,CB-CID after completing investigation,filed a comprehensive chargesheet on March 2,2009.Police arrested 13 of the 25 accused and registered 11 cases.CB-CID attached properties including cash deposits and vehicles worth Rs 192 crore belonging to the accused and the company.The company was attempting to get the case closed by providing compensation to only about 200 persons mentioned in the chargesheet.Considering the plight of 32,011 complainants and other victims,CB-CID filed a special leave petition before the Supreme Court.The apex court appointed KP Sivasubramanian as the settlement commissioner on April 19.

    http://lite.epaper.timesofindia.com/mobi...

    jitu moni

    6 years ago

    Madras High Court
    The State Of Tamil Nadu vs Goldquest International Pvt.Ltd on 7 March, 2008

    ...7. In the case on hand, though it is stated that the accused has settled the claims of several complainants and most of them have given necessary letters withdrawing the complaints given as against him, the element of criminality attached to the acts perpetrated by the accused on the date of complaints is not erased. It is also to be remembered that even the offences alleged against the accused are non-compoundable ones, except the one under Section 420 IPC. It is evident from the facts of the case that 172 persons were cheated by the accused, as against the terms and conditions entered into by them with the customers. Thus, when serious allegations of cheating general public of their hard-earned moneys, by giving false hopes and making use of such amounts collected from the public for self and gained at the public expense, are made against the accused, the learned single Judge is not right in quashing the FIR, merely on the ground that some of the complainants have withdrawn their complaints, forgetting the fact that the criminality attributed to the accused is not erased.

    http://indiankanoon.org/doc/186639/

    jitu moni

    6 years ago

    Madras High Court
    Gold Quest International Pvt. Ltd vs The State Of Tamil Nadu on 9 April, 2003
    ..... 25. Nothing is placed on record regarding the foundation of the petitioner companies and the aims and objectives of the companies to achieve and how they are beneficial or serving the ends of the society or the general public and therefore needless to mention that only to cover up cases of such nature, Act 43/78 has been legislated by the framers of law revealing thereby the legislative intent to cover up cases of such nature with schemes which are not based on any ideal relying on one's effort, hard work or putting in the intelligence etc. but on luck or chance of making quick or easy money by lazy or lethargic means of enrolling members into the scheme only to enrich the organisers at the cost of the general public which are glaring in the schemes and there is no wonder the respondents have issued proper directions to their subordinates to be on the alert and to avoid innocent general public from falling a prey to the ill-motivated designs or alluring tricks and tactics adopted by parties like the petitioners by using those who fall a prey early being used as their canvassing agents for enlisting more number of the general public to join the scheme ultimately to enrich themselves at the cost of the innocent public who are sure to be cheated ultimately and since many such instances have proved to be utter failures in the recent times giving way for the public to be cheated of their hard-earned life saving monies. Prevention is better than cure. The preventive and punitive measures taken on the part of the respondents cannot, under any circumstance, be termed as either irregular or illegal or infirm or in violation of the norms of law. The respondents have rightly exercised their jurisdiction conferred by law in registering such cases wherein such unlawful activities are reported or brought to the notice of the respondents thereby promptly registering the case either under the relevant provisions of the IPC such as 420 or under the penal provisions of the Special Act such as the Prize Chits and Money Circulation Schemes ( Banning) Act, 1978 and thus they have only acted in adherence to the requirements of law and no such directions or orders as sought for to be made in the above petitions need be necessary in the circumstances of the case.

    26. So far as the judgments cited on the part of the petitioners are concerned, in the first judgment by the Honourable Apex Court it is clearly held that `in the first place, it must be proved that he is promoting or conducting a scheme for the making of quick or easy money and secondly, the chance or opportunity of making quick or easy money must be shown to depend upon an event or contingency relative or applicable to the enrolment of members into that scheme', which are the ingredients of the relevant provisions of the Prize Chits and Money Circulation Schemes (Banning) Act, which are laid emphasis by the Honourable Apex Court and the Honourable Apex Court would also hold that the `scheme has necessarily to be judged as a whole both from the viewpoint of the promoters and also of the members in order to find out whether it is a scheme for the making of quick or easy money and any event or contingency relative or applicable to the enrolment of members into the scheme'. Therefore, it is incumbent on the part of the respondents to study each and every such scheme floated and exercise their jurisdiction and proceed against, provided the transaction is not above-board and is secretive or clandestine in nature and if the transaction is considered to be a scheme for making quick or easy money.

    27. So far as the case in hand is concerned, on a overall consideration of the facts and circumstances of the scheme floated on the part of the petitioners, the respondents in their considered view have rightly arrived at the conclusion to hold that they fall under the purview of Section 420 IPC and under Section 4 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and hence they have given positive instructions to the law enforcing machinery and the police to register the cases wherever such schemes are floated. Therefore, the actions and prosecutions initiated by the respondents and their subordinates could only be concluded as within the permissible limits of their powers to register such cases and not in violation of any law or rule or norms.
    http://indiankanoon.org/doc/267753/

    jitu moni

    6 years ago


    Egypt Business Directory | 14.01.2012
    Faith Carnival 2: QNet's "unbelievable" path to Financial Freedom
    Over 20,000 men and women strong, QNet has managed to build itself an army in Egypt through their team “Faith”.
    The Cairo Hockey Stadium was almost filled, as Independent Representatives (IR) from all over the country stormed in, creating an atmosphere close to the spirit of football-fans, including drums, fireworks, and flags. They all came to attend the second Faith Carnival on Friday, the 13th of January 2012, which should mark the beginning of a new era in Team Faith, Network Marketing and QNet as a whole.

    The focus of the carnival was the promotion of Network Marketing, the refutation of economic, social and religious criticism directed at QNet, and the motivation and inspiration of the team.

    Almost equivalent to Morton Rhue’s 1981 Novel “The Wave”, the attendees chanted their slogan in such unity, fierceness and willpower that made the floor seemingly shake; screaming out: “The V, the V, the V, Faith!” while shaping the victory-sign with their fingers and holding them up. “The V” refers to the partner company of QNet.

    The carnival offered a mixture of party, education, success stories and fun, and hosted international speakers, artists and public figures, such as Michael and Mark Ferreira (Founders and Backbones of Faith), Dr. Ezzat Abo Ouf (Actor), Dr. Sherif Abo ElNaga (Vice-President of 57357 Cancer Hospital), Chief Pathman Senathirajah (Managing Director of V), Dr. Ahmed Farouk Ghoneim (Professor of Economy - Helwan University), Dr. Rashad Abdellatif (Professor of Sociology - Helwan University), Amr Diab (Singer), besides various Egyptian QNet leaders.

    Network Marketing depends on the direct selling method in which independent agents serve as distributors of goods and services and start recruiting their customers as their own sales-force.

    All speakers were certain that sooner or later, the whole world would join QNet, even those who opposed the idea at the beginning. “If your friends and family do not join today, be patient with them. They will join eventually. We are the warriors of freedom that offer them financial freedom, and when Allah gives this message of hope and power to you, you must have the responsibility and the humility to pass it on,” Mark Ferreira explained during the carnival, confirming that Egypt is part of changing Network Marketing history.

    Ferreira’s father Michael focused on the pros of Network Marketing in his speech, clarifying it was much more efficient than other marketing tools, not only because it included no distribution costs, but also because it brought upon societal change and job security. Claiming that it was in the hands of Faith to change the lives of others and the economy of the country, Ferreira Sr. said that Network Marketing was not only about selling products, but also about building a network and army like “this one”, pointing at the 20,000 attendees. “When you have an army, you have an asset that will give you residual income,” he added.

    To refute the controversial topic of QNet being against the principles of religion, and especially Islam, the organizers displayed a video showing Sheikh Ali AbdelBaqi, the Manager of the Islamic Studies Advisory Department, and Priest Dr. Sameh Hanna. Both confirmed that the services offered by QNet are not taboo, as long as they go according to the Sharia and the laws and rules of the country.

    A lot of effort has also been put into clarifying the economic side and benefit of QNet, underlining that it does not ruin the economy, but rather invests in Egyptians by providing teamwork and social skills, which should lead to a better, service-focused economy in the future. Additionally, QNet does not apparently lead to saturation of people and products, since people do not leave their jobs for Network Marketing and the marketed, imported products do not replace Egyptian manufactured goods.

    In the concluding speech, Malaysian expert Pathman Senathirajah boost the confidence of the attendees one more time by stating: “My passport is Malaysian, but my heart is Egyptian, because you built this network, this family and you made it possible despite the great challenges in your country. When people in other countries tell me that it is difficult to build up a business, I tell them: Go to Egypt and learn from the Egyptians.” He was also confident that Faith Egypt would be the number one QNet team in 2012, if they worked as hard as they did till now.

    Amr Diab paid a great deal of respect to the “QNet-ers” during his concert, and actor Dr. Ezzat Abo Ouf said: “You should be proud of yourselves, since you are raising Egypt’s name high. You are the hope and future of this country and seeing you makes me optimistic and sure that Egypt will be better. Whole Egypt should stand by your side.”

    QNet was established in Egypt in 2009 by Khaled Obbeya, Mohamed Abdallah elGendy, and Mohamed Magdy Allam, 11 years after the original business started in Asia.

    Today, QNet is present in over 160 countries with over 8 million employees and over 20 types of services.

    Other speakers during the event:
    - Ashley Williams – QNet Product Trainer
    - Noha Salem and Mohamed Tarek
    - Mai Abdel Moneim
    - Mahmoud Ghanem
    - Khaled Obbeya
    - Mohamed Abdallah ElGendy
    - Mohamed Magdy Allam

    http://www.egypt-business.com/News/detai...

    jitu moni

    6 years ago

    http://www.hyderabadpolice.gov.in/Frauds...

    Money Circulation Schemes, Direct Marketing, Multi-Level Marketing Schemes, Network Marketing


    Money Circulation Schemes are being promoted in the name of Direct marketing (DM), Multi-Level Marketing schemes (MLM), Network marketing (NWM), Referral Marketing, Introduction Marketing, Chain Marketing etc.


    These schemes are nothing but camouflaged Money Circulation Schemes. In the front end the promoters display products and services at the back end it is nothing but Money Circulation Schemes banned under the provisions of Prize Chits and Money Circulation Schemes (Banning) Act 1978.


    To divert the attention of the public as well as the Law Enforcement Agencies and to cover up their illegal activity of Money Circulation Schemes they display products and services.


    Product is only a bait but end result is Money Circulation Scheme


    Money Circulation Scheme means any scheme by whatever name called where in the person has to enroll into the scheme through a already enrolled member by subscribing to the scheme by paying initial kit / member ship amount and purchasing goods and services, where in by this the introducer of the enrolled member will get benefits (easy money) and the company which promotes the scheme earns quick money. The enrolled member again has to enroll further members to get his amount back and also the benefits. By this the promoter of the company by just promoting the scheme gets benefits and the person who enrolls at the initial of the scheme reaps the benefits.


    By enrollment into such scheme one would be getting back the initial paid investment and keep gaining financially by enrolling new members. So also, the second set of enrollers keep multiplying and gain financially, fascinating every onlooker to get engrossed into such dubious money circulation schemes. Such a system of chain to work endlessly to provide profit to everyone concerned would ultimately breakdown at some stage, resulting the financial benefit to some who joined the scheme at initial stages (they will be none than the promoters of the scheme), resulting in big financial loss to those who joined at a later stage. When a person fails to get his required clients or non-viability of the scheme but blame it as one’s personal failure. The gullible people are taken unaware when the real failure. The gullible people are taken unaware when the real picture of the money circulation schemes emerges. By the time the people realize that they were taken for a ride and cheated, it would be too late.


    The promoters to promote their schemes through high profile campaign by using film stars, Government servants, Doctors, Engineers and well known personalities of the society in their meetings which are conducted in star hotels, Kalyanamandapams etc., with lot of fan fare. Public should refrain from attending such meetings.


    Promoters of the scheme float their companies with attractive names like “Wonder World Co.” “Miracle Co” “Japan Life India” "Amway” “Gold Quest” “Ayerveda Life” “Herb Life” “Happy Life Co” “Magic Co.” “Nice Co.” “Mega Co.”, “eBIZ” etc.


    They give attractive names to the enrolled members depending upon their enrollment like with attractive and stylish titles as “Silver member, Gold member, Diamond members, Platinum member, so on and so forth. They also call them as “Master Distributor, Super Distributor, Double Super Distributor etc,”, etc


    They also use attractive slogans like “ Earn in rupees or dollars. Work from home ” “ Work four hours and earn Rs., 50,000 per month ” “ U R the boss of your business, so enroll immediately” “ Earn up to Rs.35,000/- + Monthly by just working 2 hours at home ” “ Do u want to earn extra by sitting at Home? The contact us ” “ Your pathway to Heaven ” “ Enroll with us for Healthy and Wealth life ” “ Do u want to lose your weight, then contact us ” etc.


    These companies win over confidence of the members (victims) and maintain their image as charitable and benevolent, by offering donations to charitable, social and service oriented institutions by attracting publications, photographs of VVIP’s donating cheques. Likewise, they boost their image in a corporate style and try to gain mileage.


    A single company will launch many sister companies to fool public as if to show that they are big group of companies. A single company renamed many a time attracts people of different places, takes its chameleon stride through colorful gifts, brochures, under case of cheating. Likewise, all innovative methods are put action to successfully grow them well and make money for themselves causing irreparable financial loss to the general public and society.


    These companies results in exploitation of personal influence of each and every distributor or his close relative. If a Superior officer or his ward involved in MLM, the subordinates are forced to become members in the chain. Likewise if a close friend comes with a scheme, one finds it difficult to say “No” and if all the above get cheated also but they refrain from complaining to Police only to save their relationship/friendship.
    BEWARE…!
    If your close relative, friend, neighbor or your superior or colleague approaches you with a product / service which involves enrollment and further enrollment of members and meetings at high profile places / kitty parties then it is nothing but Money Circulation Scheme banned under the provisions of Prize Chits and Money Circulation Schemes (Banning) Act 1978.
    The appeal to the public to not to enroll themselves into Multi Level Marketing Companies, Money Circulation Schemes, Network Marketing Companies and other such companies and such schemes and get cheated.
    MLM schemes destroy the well knitted social fabric of our Indian society and make your house as well as your neighborhood a market.
    It is an appeal seeking your co-operation with the Investigating Agencies to curb such menace and nip it in the bud before it engulfs the gullible Public.

    jitu moni

    6 years ago

    http://pib.nic.in/newsite/PrintRelease.a...

    Press Information Bureau
    Government of India
    Ministry of Corporate Affairs
    30-April-2013 17:52 IST

    Curb on Fraudulent Mlm Companies

    Multi Level Marketing (MLM) Schemes involving enrollment of a vertical chain of investors/agents constitute “Money Circulation” and are banned under the Prize Chits & Money Circulation (Schemes)Banning Act, 1978 which is implemented by the States. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that in order to facilitate effective control of MLM, a Group of Officers from Ministries of Finance, Corporate Affairs & Consumer Affairs along with representatives of Reserve Bank of India, Central Economic Intelligence Bureau (CEIB) and the Serious Fraud Investigation Office (SFIO) have prepared Model Rules called Money Circulation Scheme (Banning) Rules, to explicitly cover MLM under the said Act. Ministry of Finance (Department of Financial Services) has sent the rules for notification to the States.

    jitu moni

    6 years ago

    http://www.moneylife.in/article/qnet-eow...

    QNet: EOW seizes documents from Vanmala's 'hidden' office

    Moneylife Digital Team | 12/04/2014 06:13 PM |

    After being named as accused in the Rs425 crore QNet scam, Vanmala shifted its office to undisclosed location. However, the EOW raided this secret hideout and seized important documents about the MLM operations of QNet

    Economic Offences Wing (EOW) of Mumbai Police has raided a little known or 'hidden' office of Vanamala Hotels, Travels & Tourism Services Pvt Ltd, an associate of QNet India. The EOW has seized documents and computers used by Vanmala related with its vacation holiday packages sold to customers of QNet in India, say sources.

    Vanamala had its office at Trade Centre in Bandra Kurla Complex (BKC). However, the tourism services provider shifted its office to an unknown location when it was named as an accused in the first information report in the Rs425 crore QNet multi-level marketing (MLM) scam.

    Vanmala shifted its office to Lower Parel from BKC. However it kept the new address hidden even from its submissions in the court. Daryl Patrick Bisset, the chief executive of Vanmala has been found avoiding EOW and not forthcoming since past few months, the sources added.

    During the investigation into the QNet scam, it was revealed that majority of the victims across the country were sold the "Holiday & Vacation Packages" from Vanmala.

    In February 2014, the Enforcement Directorate (ED), the agency responsible for enforcing economic laws and fighting economic crime in India, registered a case in the Rs425 crore QNet scam for money laundering.

    The ED has named QNet Ltd from Hong Kong, its official franchisee Vihaan Direct Selling Pvt Ltd, Vijay Eswaran, the founder of QI group and three other independent representatives (IRs) of QNet from Mumbai.

    In a media statement, QNET called the money-laundering probe by ED against it as 'allegations that are preposterous and completely baseless'.

    gurupreet

    6 years ago

    Vanamala/QNET runs away from Mumbai...

    This is the message that was posted on http://www.vanamala-india.com recently...

    Dear Members,

    Due to service disruptions on our current hotlines, please refer to the following number should you have any queries: 0008006001144 or email us at [email protected]

    We apologize for any inconvenience.

    Is it a 'Simple" Disruption or there is more then meets the eye..The truth is their offices were raided by the EOW..effectively shutting down the whole operations of Vanamala in Mumbai.

    The last time this message was posted after Vanamala's Payment gateways were blocked..

    Important Announcement regarding Payment Gateway - INR Payments
    Dear members,

    We are experiencing problems with our Payment Gateway system. As such, please refrain from using it with immediate effect.

    To know the alternate modes of payment you can use, please contact our Customer Experience Ambassadors at
    +91-22-6139-9500 and they will assist you accordingly. Thank you.

    The above mentioned PRI Line number +91-22-6139-9500 has also become un-operational

    How good these white collared criminals are at sugar coating the real truth...Raids become "disruptions"...blocking becomes "problems"...shame on you all white collared criminals, you all should be tried for treason for your anti national activities.

    gurupreet

    6 years ago

    Vanamala/QNET runs away from Mumbai...

    This is the message that was posted on http://www.vanamala-india.com recently...

    Dear Members,

    Due to service disruptions on our current hotlines, please refer to the following number should you have any queries: 0008006001144 or email us at [email protected]

    We apologize for any inconvenience.

    Is it a 'Simple" Disruption or there is more then meets the eye..The truth is their offices were raided by the EOW..effectively shutting down the whole operations of Vanamala in Mumbai.

    The last time this message was posted after Vanamala's Payment gateways were blocked..

    Important Announcement regarding Payment Gateway - INR Payments
    Dear members,

    We are experiencing problems with our Payment Gateway system. As such, please refrain from using it with immediate effect.

    To know the alternate modes of payment you can use, please contact our Customer Experience Ambassadors at
    +91-22-6139-9500 and they will assist you accordingly. Thank you.

    The above mentioned PRI Line number +91-22-6139-9500 has also become un-operational

    How good these white collared criminals are at sugar coating the real truth...Raids become "disruptions"...blocking becomes "problems"...shame on you all white collared criminals, you all should be tried for treason for your anti national activities.

    jitu moni

    6 years ago

    http://www.business-standard.com/article...

    Police opposes former billiards champion Ferreira's bail plea
    Press Trust of India | Mumbai
    April 8, 2014 Last Updated at 20:14 IST


    The Mumbai police's Economic Offences Wing (EOW) today objected to an anticipatory pre-arrest bail plea filed by former world billiards champion Michael Ferreira in connection with the Rs 425-crore QNet case.

    On January 22 the court had directed Ferreira to appear before the investigation agency, which he had complied with and was grilled for four days by EOW sleuths.

    "We filed our reply in the case and objected to his pre-arrest bail application," special public prosecutor Pradeep Gharat told PTI.

    The court was told that Ferreira was associated with Qnet even after knowing that it was a scam, he said.

    "We also told the court that Ferreira made crores of rupees from the scam," Gharat said.

    So far, the EOW has arrested nine QNet team leaders for allegedly duping investors by offering to sell products like magnetic disks, herbal products and holiday schemes through fraudulent practices.

    QNet has also been accused of using the banned binary pyramid business model for multi-level marketing (MLM) schemes to entice investors. The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.

    jitu moni

    6 years ago

    http://www.hurriyetdailynews.com/default...

    ECONOMY er-national
    Ponzi scheme victimizes thousands in Turkey

    ISTANBUL - Daily News with wires | 5/28/2010 12:00:00 AM |

    The Turkey branch of an international Ponzi scheme that collected millions of dollars from thousands of people has collapsed after police raids against the company.

    The Turkey branch of an international Ponzi scheme that collected millions of dollars from thousands of people has collapsed after police raids against the company.

    Quest.net, which defines itself as an “international direct selling brand that utilizes network marketing combined with e-commerce,” victimized nearly 20,000 people in Turkey, according to government officials. The company, which is headquartered in Hong Kong, has been banned in many countries.

    The scheme operates like an investment chain. People begin to invest an amount of money to be a part of the chain and then find new people to invest. The invested money is distributed between members while a big chunk of it flows up to the top of the pyramid.

    The Quest.net system, which recruits members with the promise of becoming rich, has been banned in many countries including the United States, Iran, Albania, Sri Lanka, Malaysia, Indonesia and Afghanistan.

    The Turkish Ministry of Industry and Trade has launched an extensive study on the issue, and nearly 60 members of the system have been taken into custody.

    [HH] No official representation

    The company does not have an office in Turkey. Nevertheless, it recruits members in home offices located in Istanbul districts, such as Bahçelievler, Kadıköy, Esenler, Zeytinburnu and Güngören.

    The Ministry of Industry and Trade has filed a criminal complaint, alleging aggravated fraud, against Quest.net executives. The company has victimized nearly 20,000 people, taking millions of liras from them, said Minister Nihat Ergün, speaking to Anatolia news agency on Thursday. “The company has collected a great amount of money, varying between $570 and $2,500 from those people. Nearly more than 20 million liras have been raised,” Ergün said.

    Turkey met with the Ponzi scheme in September 1997 with the “Titan” company. Hakan Kenan Şeranoğlu, who was previously a hairdresser in Germany, and his friend Vahit Gülal had established the scheme in Turkey’s western city of İzmir, collecting a total of 8.6 million liras from nearly 30,000 people. The founders and top executives of the system faced lengthy prison terms in 1998.

    jitu moni

    6 years ago

    http://abhisays.com/ideas-and-thoughts/b...
    Beware of Chain Marketing

    Recently I have been approached by some of my close friends to join some chain marketing company. Normally, chain marketing companies works on the principle of Pyramid Scheme. A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme. Pyramid schemes are illegal in many countries, including the United States, Great Britain, France, Canada, Malaysia, Norway, Australia, New Zealand, Nepal, Sri Lanka and Iran. Normally, 99.99% of the people lost their money in any MLM or pyramid scheme.

    First see the dictionary of Chain Marketing ::

    According to the dictionary of Chain Marketing members world is divided into two types of people, one is Prospect and other one chain marketing members.(CMM)

    C.A.P. stands for Contacts, Appointments and Presentations. This will serve as “tracker” when they start in the business and treat each day as a business day. They keep with them, a list of all the names that they will call or contact, all the schedules appointments for the day and planned business presentations held during the day. For weekend, they have some special plans, that is called weekend plan.

    Inviting is the first and one of the most important skills you will need to master in order to be successful in this business. Master the art if inviting with this following techniques
    a) curiosity is the key to inviting, create one and not satisfy it. (DO)
    b) It’s a major no-no to present the business over the phone. (DON’T)
    c) The members always review the names in their memory builder. (DO)
    d) When contacting the prospects, they behave as if they are not soliciting but offering an opportunity to discover a business idea that could literally change the life of the prospect. (DO)

    Presenting
    The information packet of chain Marketing Members normally contain
    a) Company Profile and then MLM AND RM.
    b) Business Model
    c) Company brochures.
    d) Teamwork all over INDIA (how they are working)
    e) Fake Cheques.

    Follow Up:
    Most people are not ready to commit instantly or just after one meeting. Actually it is difficult to make some people fool easily . So follow-up comes next. At this time, all the chain marketing members talk with that person and go over with any questions that he might have. In this follow up, the members act like Hollywood actors and show that they are very happy, making so much money etc.

    What these chain marketing members do to make their friends fool ::

    They never explain the business to anybody by them self before going through the training session and getting sufficient experience. Normally in 2-3 months, they get full experience in cheating persons so after loaded with all the guns they target their innocent friends.
    Normally they do not approach their friend and tell him everything about chain marketing. They only tell that they are into an business and earning. They try to make their friend curious about what business they are into. What business, no clue. They show their friend as if they are earning a lot and happy with how the business is going. Then when the innocent person insists a lot, then they will tell him to come and discuss the business. Remember, they never tell anything like its networking or chain marketing. Just they use the word BUSINESS. That is it. Their aim is to get the presentation done. The presentation is actually a mind was session.
    They will show full confidence on the system and the team work is excellent. But normally it will be all fake, you would know all these things after becoming member of the chain marketing.
    When the friend insists on telling what business they are doing, they ask him to meet them and discuss the business along with their business associates. They will never use the word presentation. These day, these cheaters are using the word “meeting” for this.
    When friend might ask you that is it networking. They Say NO. They tell him its not network marketing and they are not selling toothpaste, gold coin and all. They are doing a business and not salesman job. They tell him that if he is interested then come for a meeting. They show as if they are least bothered if he does not turn up. But you know all these things when you will become members. Normally they spend many days and nights for a single person and try to act that they don’t care.
    When after all frauds and lies friend becomes ready to come for a meeting, they tell him that the guy with whom he would be meeting a guy who is master of the business. He has earned this this amount (all false data, full of lies, they never give the correct data). The chain marketing members call this method of attracting the attention of the friend as “Edification”
    After the presentation Follow up takes place. It is the most important thing in the business of making people fool. As soon as the presentation is done, the chain marketing members ask their friend “CHALE LOGIN KARNE”. If the innocent friend says I would think, would ask mummy, would ask friends, etc., then these chain marketing members try everything to get those things out of his mind.

    What these people will tell when the friend will talk about money problem ::

    • Money problem : Arrange 5-6k and then take 2-3 from your friends. Or else shop from friends credit card and then apply for a loan and give back. I also did the same. What u think, did I had 8k with me when I joined. I also had the same case but I managed.
    • A and B problem : Everyone is so helpful and we would definitely get our common friends under you. If you wont grow, do u think I would grow. So I would have to help u. I have no other option. Rest you’re my friend, do you think I would have contacted you just for your 30k. You have such a good friend circle and I want that all of them should come under you only.
    • Would ask my parents, brothers, sisters, friends : Don’t tell about the business to anyone. You would just misguide them. What u would tell. You got the clear picture in 1.5 hrs and what u think u can tell your friends and relatives in 15 or maximum ½ hr. Its just not possible. Its better you don’t ask them. I can tell their response , i.e a BIG NO. Network marketing has got a very negative image because of Amway and all…ml concepts.
    • I would tell them nicely that its not ml and very good business model : What u will tell. Then tell him the flaws. Your relatives and friends would ask for cheques and all. I have got a personal experience.
    • I would think and tell You in two days. If you would think in that sense u can never succeed in any business. If u want to open a restaurant, u first hire cooks and all. You don’t go out for customers first and then cook the food. Anyways, it is your personal wish, if u would contact anyone u would spoil your own business. I would advice you to start with the business right now and have your do’s and don’ts session and start with the business. If you still want to think, you can but don’t discuss or try to take advice from anyone because you would get a negative reply only. That is my personal experience.

    Once again I would like to reiterate

    Chain Marketing or MLM is not good way to earn money. Please stay away from it. It will ruin you, your friends and your country. Don’t become a victim. Protect other innocent people from chain marketing. Please don’t ruin your family and friends. Don’t even attend the chain marketing presentations and seminars.

    Therefor I request all Indians not to join chain marketing, MLM or chain marketing are draining foreign exchange from our country without doing any development and invest. IT Professionals are soft targets so Beware !!!

    Remember Wealth is only gained through honest and hard work, so LIVE WITH IT !

    jitu moni

    6 years ago

    http://www.todayszaman.com/news-240912-m...
    Ministry to investigate QNet in Turkey

    13 April 2011, Wednesday /ERGİN HAVA
    The Industry and Trade Ministry has initiated an investigation into the Turkey operations of QNet, an allegedly fraudulent money-earning scheme, following recent reports of the company victimizing people, the ministry told Today’s Zaman in a written statement on Tuesday.

    Today’s Zaman on Monday reported on the allegedly illegal operations of QNet in Turkey following complaints it had received from its readers, who said the system victimized thousands by running a pyramid scheme despite warnings from the government. Sources said QuestNet -- recently rebranded as QNET -- the flagship international direct selling subsidiary of the Hong Kong-based QI Group of Companies, has continued operations in the country.

    The ministry statement said the government is ready to take the necessary steps if it finds the company operations to be against the law. The ministry reiterated its call to citizens to read the ministry announcements on their websites before they became involved in such system. “As is known to the public, our ministry commenced an investigation into QuestNet in 2010. Following these investigations we found that this company violated the law … and we have also warned citizens to beware of similar fraudulent activities of this kind in Turkey,” the statement read. The ministry also revealed that the company was fined TL 3.64 million for its illegal activities last year. The ministry statement that Today’s Zaman has received reads in brief that such pyramid schemes do not require permission from any ministry, “however, the fact that such operations are carried out under the umbrella organization of a limited company does not necessarily mean that they cannot be fraudulent.” The ministry adds that normally it is not within their purview to allow companies to operate or not in the country. “The allegations are serious that the same QuestNet, which was proven to be guilty of victimizing people last year, continues operations under the name of QNet in Turkey. Representatives from QNet had earlier informed us that they had no connection to QuestNet and that customers who did not sign a contract with QNet cannot [make any claims] on the company,” the statement continued.

    jitu moni

    6 years ago

    http://www.arabnews.com/saudi-arabia/%E2...

    ‘Suspicious’ Qnet banned

    JEDDAH: Saudi Arabia has banned Qnet, a network marketing company, and said it would punish those involved in the suspicious business venture. “This network marketing activity involves deception of citizens and has been banned in a number of countries,” the Ministry of Commerce and Industry said.
    The ministry urged Saudis and expatriates not to take part in the activities of such network marketing companies. It also advised the public to inform the ministry about individuals promoting such business by calling the toll-free number 8001241616.
    “This business activity has not been registered with the ministry. Moreover, there have been official instructions in the past banning activities that involve deception and stealing others’ money through falsification,” it explained.
    The ministry stressed that it would take all measures to stop this form of business activity in the Kingdom with the support of relevant agencies.
    Qnet has introduced itself as the world’s largest and fastest-growing online shopping and business community. “Ever since 1998, we’ve been home to a new breed of healthy, happy and successful people of all ages, races, gender and socioeconomic status,” it said.
    As an established, dynamic direct selling company, we provide the framework and tools that allow our members to actively raise their quality of life through value-added lifestyle products and through our network marketing business opportunity and attractive Compensation Plan, its website said.

    gurupreet

    6 years ago

    EOW RAIDS QNET SYSTEM MEETING IN MUMBAY BEING CONDUCTED BY "MR.BIJOY MATEHWS"..TEAM LEADER OF QNET.

    This Morning QNET team Leaders had organised a Seminar/System at the following address and invited innocent people to induce them into this illegal money circulation scheme..the system was held at the following address:

    Youthapreneurs Training Center, 605, Alpana Bldg, Opp Sarvoday Hospital, LBS Marg, Ghatkopar (W), Mumbai - 86

    During the raid Mr.Bijoy Mathews was caught red handed promoting the illegal money circulation scheme in presence of 45 Odd people.

    Ironically this Mr.Bijoy Mathews is the same person who has had cooled his heels in the jail for more then 20 days in the past for the same offence.

    The officers of EOW detained and questioned several people and names and contact details of 47 people were noted down :)

    I am sure the records of the activity today will lead to the cancellation of the bail of several team leaders of QNET.

    Let me mention here that a similar activity was done by the EOW several months back when QNET leaders were holding a system meeting in Dadar, Mumbai and details were noted down. These details led to the arrest of Nine qnet leaders earlier.

    So guys any guess who all will be arrested now after today's raid/activity?

    Best guesses will win prizes ;)

    Keep posting/replying...

    Regards
    Gurupreet

    P.S Tomorrow is the Hindi New Year so my msg to QNET "Happy New Year" in advance...

    After the ABA of your people are cancelled we will get the bails also cancelled wait and see...

    jitu moni

    6 years ago

    http://english.ahram.org.eg/NewsContent/...
    QNet: Not all pyramids make money for Egypt
    Ahram Online explores controversial 'direct-selling' scheme that has become increasingly popular among Egypt's would-be entrepreneurs
    Ahmed Feteha, Thursday 5 Jan 2012
    "There is not such thing as easy money" this is one lesson some Qnet IRs learn the hard way.

    "Let's face it – by the time you have financial security in your nine-to-five job, you'll be too old to enjoy the benefits."

    It's with these simple words that a friend or family member might lead you to reflect on all they have achieved in their career, and then compare their success with your own more limited accomplishments.

    They will, however, be quick to lift your spirits with the promise of a “business proposition” that will pull you out of your current “vicious circle.” And what is that business proposition? To join a network marketing scheme run by a company called QNet.

    The idea is simple: buy a product from QNet through one of the company’s independent representatives (IRs) for around LE4000 ($666) and, upon purchasing, automatically become a company salesperson. You earn a commission if you’re able to market the company's products to other buyers, who also in turn become IRs.

    There is a complex “tree” system in place that allows you to earn a commission whenever any of your recruits – or the recruits they have made – make a sale or enlist additional salespeople.

    On the surface, it seems like an easy, guaranteed method of generating extra income – one that has become very popular in Egypt over the past two years.

    But QNet has also been the subject of considerable controversy. Just last week, Egypt's head religious authority decreed that network marketing schemes like QNet are haram – proscribed by Islam – as they can be harmful to the economy.

    Some former QNet IRs agree with this assessment.

    "When you’re given the presentation by the IRs, you’re brainwashed into thinking it’s a guaranteed way to make money,” says Motaz Farrag, an ex-Qnet IR who now runs a Facebook group campaigning against network marketing. “But in practice, the chances of failure are much higher than the chances of success."

    IRs receive training on how to give presentations about QNet "businesses.” The more experienced IRs coach newcomers in selling techniques, providing detailed answers to frequently asked questions.

    "Those who joined the scheme earlier are the ones who make all the money because they get a commission on all subsequent recruits," Farrag explains.

    To many, QNet's network-marketing system sounds a lot like a classic pyramid scheme – a charge the company vehemently denies.

    "As QNet becomes increasingly popular, it becomes harder to recruit new participants," Farrag points out. “New members end up not being able to extend their network, but those at the top of the ‘tree’ make money anyway.”

    He believes that the market will eventually be saturated as the number of participants outstrips population growth.

    QNet has already been the target of official legal action in many countries.

    In Sri Lanka, for example, the central bank enacted an Anti-Pyramid Act in 2005 that outlawed multilevel marketing schemes and employed existing bank regulations to stop pyramid scheme transactions in the nation’s banks.

    “Direct selling,” the business model used by QNet, was banned in China in 1998 after becoming popular in the 1990s. "The sudden ban showed how concerned the government was about these independent distributor networks, with their door-to-door sales and motivational meetings," the Associated Press reported at the time.

    In 2011, Turkey's Trade and Industry Ministry began an investigation into QNet’s Turkish branch, following reports of the company “victimising” employees. Other countries have seen QNet operations suspended due to licensing and tax issues.

    The company, however, says its operations are comparable to multilevel marketing schemes that are legal in many countries. IRs often explain that the number of potential participants will never run out because older IRs can reinvest in their “trees.”

    The company is also a member of the Direct Selling Association based in Malaysia.

    Robert L. Fitzpatrick, a well known campaigner against pyramid schemes, explains that recruitment-based pyramid sales schemes are often camouflaged as “direct selling” companies, allowing them to multiply and gain access to more and more countries.

    In general, the QNet scheme is marketed to potential recruits as an opportunity for those who want to start their own business without making a large investment or taking on overheads.

    But critics say that, since the scheme always requires fresh recruits, and not only selling a product per se, QNet is – in practice – no different from a pyramid scheme.

    QNet was in the media spotlight last week when Egypt's Dar Al-Ifta, the country's highest official religious authority, issued a decree or fatwa ruling the company’s activities haram.

    Dar Al-Ifta justified the ruling by claiming that network marketing had a deleterious effect on the national economy. Network marketing “destabilises markets and ruins the concept of work. It also lacks proper legal and financial supervision," Dar Al-Ifta stated.

    The negative economic effects of the scheme include an outflow of money from cash-strapped Egypt, a country where attracting foreign investments remains at the top of the economic agenda.

    Blogger Sherwette Mansour explains that, if 60,466,176 people joined the scheme, total funds leaving the country in terms of joining fees would reach $60.5 billion (60 million recruits multiplied by an average joining fee of $1,000).

    Members up to the level before last, meanwhile, will generate profits in the form of commissions. According to the scheme, IRs receive $250 for every six new salespeople they recruit, so total profits earned by IRs would amount to $2.5 billion, translating into a mere 4.2 per cent of the total amount invested.

    Accordingly, QNet schemes provide little benefit for the country in question, as only a fraction of “business” returns are redirected into the local economy.

    Nevertheless, QNet enjoys an established presence in several countries. It has offices in nine countries: including the United Arab Emirates, Thailand, Tajikistan, Taiwan, Singapore, Philippines, Indonesia, Azerbaijan and Hong Kong. According to its website, it has a franchise company in Turkey and has agents in Armenia, Jordan and three African countries.

    Detailed information about the company, however, is not available. This includes the company's consolidated financial statements and the number of its employees and IRs.

    Mansour, however, challenges the assumption that such huge numbers would enter the scheme in Egypt, since "this number of people entering the business is almost impossible because a small percentage of Egyptians can actually afford to pay the $1,000 needed to join."

    The ruling by Dar Al-Ifta echoes criticisms made about QNet by many others, including former participants.

    "The product in the scheme is irrelevant, so you end up buying something that is very overpriced just to join QNet,” says Ahmed Fouad, a 26-year-old engineer who participated in the scheme for just two weeks before quitting. “There’s no real value-added."

    The products that must be purchased to join QNet range from watches to energy pendants, diet products, jewellery and overseas holidays. "You pay a ridiculously large sum of money for a watch that you can get much cheaper elsewhere and it's not even a well-known brand," Fouad says.

    Recently, QNet began arranging "training" trips, in which groups of new recruits go on hotel retreats and are coached on selling techniques by more experienced members. But accounts by attendees of such retreats suggest the events have hardly been a resounding success.

    "They took us to a gated residential compound and we had to do morning drills in which we stood in line for four hours with the trainers yelling at us," former QNet IR Ahmed Hassan says.

    "They banned us from smoking, took our cell phones and woke us up at 5am. It seemed more like a military camp than a selling-skills course," the 25-year-old marketing graduate recalls bitterly. "After that I decided it was all too fishy for me."

    Not all experiences have been negative, however, and some QNet participants have expressed satisfaction with their involvement in the scheme.

    Recent college graduate Mohamed Saafan, for example, joined QNet more than one year ago after failing to find a steady job. "I’m fully dedicated to the business, which has gone well so far," Saafan explains. "It certainly beats just staying at home."

    According to the 24-year-old aviation engineer, those who don't succeed at QNet simply haven’t put in enough effort. "People expect money to start flowing in as soon as they join – that's why many become disappointed quickly," he says.

    QNet was established in 1998 with regional offices in Hong Kong and Malaysia, as well as offices in Singapore, the Philippines, Thailand and the UAE.

    On its official website, the company describes itself as “a dynamic wellness and lifestyle company… to enrich the lives of its customers worldwide.”

    jitu moni

    6 years ago

    http://english.al-akhbar.com/content/qne...
    QNet in Beirut: A Pyramid of Cards?
    By: Leah Caldwell
    Published Sunday, January 29, 2012
    Sitting in a Hamra coffee shop one evening, Bilal Ftouni chugs an American coffee as he tells me about his upcoming trip to Thailand that he purchased through a company called QNet. For US$600 – airfare not included – he gets a three-night stay for two people at a posh beach resort owned by QI Ltd., which is QNet’s parent company.

    Bilal is an ambitious 23-year-old studying business marketing at the Lebanese International University. He’s excited to go to Thailand, but he was more excited about the opportunities that stemmed from his purchase. Once Bilal bought the Thai resort package from QNet, he was qualified to become an “independent representative,” or salesperson, for the company. “It’s a win-win philosophy,” he said. “You’re buying something nice and at the same time you’re starting a business with the company.”

    QNet has been described alternately as a scam, a pyramid scheme, and a costly fraud, but despite its soiled reputation, it has found hundreds of followers in Beirut since it came here over a year ago. Founded in 1998, the Hong Kong-based company denies pyramid scheme accusations and describes itself as a legitimate multilevel marketing company that specializes in distributing energy and luxury products. In February, they will reportedly open their first Lebanese office in Beirut’s City Center Mall in Dawra. (QNet did not respond to inquiries in time for publication.)

    Bilal explained that with every QNet product you buy – most of which cost a few hundred dollars – you open an “office.” This is not a physical office, but rather, a spot at the top of a chain (or pyramid, depending on your perspective) of sellers that you will recruit over time. You earn commission on their recruitment and in turn, on your recruitments’ recruitments, and so on. Over two months, Bilal was able to earn back his initial investment of US$600 and repay his younger brother the US$250 he initially borrowed from him. Bilal now has about 50 people in his network.

    QNet’s business model will sound familiar to anyone who lived through the rise of multilevel marketing companies like Amway and Herbalife. At these companies, profits amassed at the highest levels of sales pyramids, but the legions of lower-level distributors were often left penniless and with a cache of obsolete and impossible-to-sell products. Unlike traditional salespeople that make commission on product sales, at QNet, the people are the products.

    As pyramid schemes were outlawed in many Western countries, multilevel marketing companies set their sights on the “emerging” economies of Africa, Southeast Asia, and the Middle East, taking advantage of high rates of unemployment and lax government oversight. Yet since 2008, QNet and its subsidiaries have been subject to government or local authority investigations in India, Rwanda, and Afghanistan that allege fraud or tax complications.

    QNet has fared slightly better in the Middle East. The company has a growing presence in the Gulf and Egypt, even sponsoring a recent Amr Diab concert, where the pop star sported one of the company’s “Chi pendants” around his neck. Despite this popularity, there have been criticisms of the company, with the Egyptian daily Al-Ahram reporting that the country’s Dar al-Ifta issued a fatwa in 2011 declaring QNet haram, or forbidden.

    QNet’s Beirut-based followers speak optimistically of a coming boom for the company in Lebanon. Yet the company’s fate will largely hinge on whether Lebanon’s youth will be drawn in by promises of fast cash and the good life. So far, these promises – as well as QNet’s cultish life philosophy – have attracted a growing base of foot soldiers in Beirut.

    Selling Dreams and “Hydratious” Water

    QNet’s Beirut salespeople – or what the company calls “independent representatives” or IRs – are mostly driven young males and females eager to gain experience in business and make money. These roving groups of IRs can be seen in Hamra coffee shops practicing their sales pitches on each other and recruiting new members.

    Opposing groups of QNet IRs in Beirut have carefully divided up turf amongst each other so as not to infringe on each others’ sales territory. Mehyo Farchoukh, a 24-year-old QNet IR, has staked out the Dunkin’ Donuts in Hamra, while Bilal and his group hang out at Brisk and Second Cup. Mehyo said that he and Bilal belong to separate sales chains, so “the people I get he doesn’t benefit from and the people he gets, I don’t benefit. You can say we’re like fisherman that are fishing in the same lake.”

    Mehyo quit his job as a bar manager three months ago to work full-time for QNet. When I met him at Dunkin’ Donuts one night, he had already made two presentations, but with no luck. He remained hopeful that his third prospect – me – would sign on. “All we need is three sheets of paper, a pen, and a coffee place with Internet to show our plan to the people,” he said.

    The “plan” is something that must be presented gradually and with care. For QNet members, they’re not selling products – they’re selling dreams.

    If you’re approached by a QNet IR, you might be asked to write down your dreams and how much money it would take to realize them. QNet and other sales companies call this method of personalizing a sale prospecting. According to a prospecting guide written by QNet member Akhtar Qureshi of Saudi Arabia, “During prospecting we bring the person out of the COMFORT ZONE he/she has been living within! If the person cannot sleep well that night because of the disturbance created by our prospecting, [then] we are successful!” (Caps and Italics original.)

    QNet IRs stress that they are helping people break free from the monotony of the corporate grind. They promise that you can be your own boss and have boundless opportunities to make money. But you’re also making a statement of individuality by setting yourself apart from the “sheep” who mindlessly work their dull jobs with no hopes and dreams of their own.

    “The sheep will look from their side of the fence, they will look out and see the lion as it leaps, as it springs through the air from rock to rock as it bounds through the plains. [They will] say that is crazy and deep down inside they will say, is it not nice to be crazy?” said QNet founder Vijay Eswaran in a podcast.

    Without these lofty promises, QNet would not have much luck selling its overpriced and obsolete products.

    Like the pyramid schemes of the past, QNet has its own line of glorified trinkets. The most hyped product line is the “Chi pendants” that cost up to US$580 a piece and claim to energize your body, as well as protect you from harmful cellphone waves. I expressed skepticism to Bilal about the “Amezcua Straw Tube” that claims to make water more “hydratious.” He said that since I had never tried it I couldn’t judge. I asked if he had tried it. No, he said; QNet doesn’t give free samples.

    The V: The Upper Echelons of QNet’s Pyramid

    Before QNet, Bilal had worked as a cashier at his father’s grocery store and at a mobile phone company, but felt unsatisfied with the nine to five routine. After visiting his older brothers in Australia, he returned to Lebanon feeling depressed, but turned down his friend’s initial attempts to get him to join QNet. Eventually, his friend’s persistence paid off and Bilal joined QNet.

    “QNet isn’t just about money or about getting commission, it’s a lifestyle,” he said. When Bilal listed his dreams for QNet, he wrote that in his first year he’d like to buy an Audi and in his second year, he’d like to make US$2,000 in commission per week. His ultimate dream though, like many other IRs, is to reach “The V.”

    To the general public, The V appears to be QNet’s development and training wing, with its speakers touring the globe, encouraging IRs to just “believe” in QNet. Yet to QNet insiders, The V is a group of elite sellers who receive US$15,000 a week in commission. They are at the top of the pyramid. Mohammad Zakaria of Bahrain is a V council leader in the Middle East and heads the “Unstoppable” group, which consists of almost all the sellers in the region. According to Bilal, “All the Middle East is under him.”

    The V sellers are every one’s “upline,” meaning that somewhere in the history of your sales pyramid, a V seller gave birth to a chain of sellers that ultimately reached you. The vampiric nature of this is a bit off-putting. As Bilal’s QNet friends stream into the coffee shop for a meeting, he points them out one by one, “That’s Rana, she’s my downline and there’s Nimr, he’s my upline.”

    The V’s namesake comes from the migratory shape of Canadian geese and is supposed to symbolize “teamwork.” Yet The V’s version of teamwork doesn’t mean that all the rewards are split equally. For The V to keep making money, the network must continue to grow against all odds.

    “In the end, Oscar Schindler did not focus on what he had achieved and said, I’ve already saved over 1,000 Jews so I’ve done enough...And in this context, no achievement is ever enough,” wrote Pathman Senathirajah, managing director of The V.

    The “visionary” leader behind QNet’s motivational philosophy is its founder Vijay Eswaran. He’s a plump Malaysian of Indian origins with highly-arched eyebrows and a salt-and-pepper goatee. QNet describes him as a man who “embraces truth and spirituality with a kind of passion that's unknown to many,” but his transformation into a visionary leader hasn’t been without hitches.

    Eswaran oversaw the company’s name change from QuestNet to QNet after the company’s subsidiary GoldQuest was booted from Chennai, India in 2008. GoldQuest allegedly defrauded thousands in a pyramid scheme that marketed coins with images of the Hindu God Jagannath on them. Over 4,000 people filed complaints against the company. Once the scandal broke, Eswaran and other employees of QuestNet distanced themselves from the gold coin venture and said that a few corrupt individuals were to blame.

    Eswaran is the primary source of the company’s unending litany of inspirational acronyms, like RYTHM [sic] (Raise Yourself to Help Mankind) and MAD (Making a Difference).

    “This is our year. We have to grasp this year. We have to turn it around. We have to make the impossible happen simply because it can, simply because it must, and simply because no one else has done it before...this is our year. This can and must be our year,” he said in his 2012 New Year’s message on YouTube.

    Like a fortune teller, his messages and writings are vague enough to mean anything to anyone. The QNet IRs that I spoke with didn’t know about Eswaran’s checkered past, but didn’t seem to mind. They say they believe in his message and are determined to succeed. But what if they don’t succeed? Then maybe they just didn’t believe hard enough.

    pavan

    6 years ago

    Any useful information is there in the below...What is this information does for the above issue...What is the use for you for giving the useless information and
    trying people to think the industry is bad.Which industry you belong...no doubt you belong to the advertising commercial industry..Throwing stones simply and
    deceiving people will not yield good result

    jitu moni

    6 years ago

    http://www.cbc.ca/news/canada/british-co...

    Pyramid scheme victims win $6.5M in B.C. lawsuit
    Search begins for missing money taken by Alan Kippax in vacation package investment scam

    CBC News Posted: Feb 05, 2014 11:22 PM PT Last Updated: Feb 06, 2014 8:43 AM PT

    A Federal Court judge has awarded $6.5 million to an estimated 2,000 investors who put money into the UltraLife Club through a Mississauga, Ont. corporation called Business In Motion International.

    The company was run by Alan Kippax, who was first exposed in a CBC Marketplace investigation of a pyramid scheme that defrauded investors across Canada, including hundreds from B.C.

    People attending meetings held by Kippax were asked to pay a $3,200 entrance fee to buy vacation packages worth $9,000 they could then sell to others.
    Mark Cuzzeto

    Burnaby resident Mark Cuzzeto launched a class action lawsuit after he lost $3,200 in a pyramid scheme run by Alan Kippax, winning $6.5M for all of Kippax's victims. (CBC)

    Burnaby, B.C. resident Mark Cuzzetto says he just wanted access to cheap travel. Instead he was taken for a ride, losing thousands of dollars in the pyramid scheme. Cuzzetto was so upset he launched a class action lawsuit.

    "We were all duped. I just wanted to see everybody get back what they put in," he told the CBC.

    In fact, Kippax's vacation packages weren't even good deals. There were cheaper travel packages on the Internet and his business continually needed more recruits to keep profits flowing to those at the top — a scheme the court described as a classic pyramid scheme.
    Alan Kippax

    Toronto businessman Alan Kippax has been ordered to pay more than $6.5M to thousands of investors after a Federal Court judge ruled his business was a pyramid scheme. (CBC)

    Yet when first approached by the CBC's Marketplace, Kippax maintained he'd done nothing illegal.

    "Never once, ever, have I been charged for anything to do with any of what you're talking about," he told CBC reporters.

    But in 2011, Kippax was charged with running a pyramid scheme — counts that are still outstanding.

    The Toronto businessman has also had several other run-ins with the law.

    In 2012, Kippax was charged with operating a grow-op. In 2010, he was found guilty of taking part in a fatal Toronto street race, a crime for which he served a year in jail.
    Kippax recruiting

    A CBC marketplace investigation looked at meetings hosted by Alan Kippax where investors were encouraged to purchase vacation packages they were told to re-sell for up to triple the price paid. ( CBC Marketplace)

    Now, the U.K. citizen is facing deportation to Britain.

    And the victory against him in court could be a hollow one. No one knows where the missing money went. Cuzzeto's lawyer says the hunt is on to find the the missing money before Kippax is deported.
    "Someone must know where the money went. And I want people to tell me about that. Where is it? He couldn't have spent it all, so it's somewhere."

    jitu moni

    6 years ago

    http://m.thehindu.com/news/cities/Hydera...

    CID arrests two directors of a company on money circulation charge
    Mar 19, 2014 12:47 AM , By Special Correspondent


    Crime Investigation Department (CID) officials on Tuesday arrested two directors of RMP Infotec Private Limited on charge of organising money circulation scheme in the guise of multi-level marketing of some products.

    A laptop, hard disks and documents were seized from the company’s head office in Chennai and customer care centre in Hyderabad, the CID Additional DGP, T. Krishna Prasad, said. While Rajesh J. Chandhan and Dileep J. Chandhan were arrested, two other directors -Praveen J. Chandhan and Dhawal J. Chandhan- were absconding.

    The quartet started the company headquartered at Chennai claiming that they were distributors for some products. They enrolled persons purchasing products from them as distributors and offered money as incentive.

    They claimed that RMP meant “Resource Money Power” and lured people to enrol with the company offering weekly payments ranging from Rs. 1,000 to Rs. 1.3 lakh based on the number of members the buyers manage to get inducted in the company.

    The company was indulging in money circulation scheme by luring the public, Mr. Prasad said. Eight cases were registered against the company following complaints from Guntur and Prakasam districts. The CID Additional DGP cautioned the public against trusting such companies.
    Watch video
    http://www.youtube.com/watch?v=D7h8ei2w8...

    jitu moni

    6 years ago

    http://stopqnet.livejournal.com/
    (Translated to English)
    Kokshetau again in the top of the news : in the regional center intensified financial fraudsters QNet

    Mar. 3rd, 2014 at 5:32 AM

    Quote from the site yvision.kz/post/227992:

    And if the recent TV story on one of the channels has excited domestic other Kazakhs kokshetautsev then he certainly was not surprised . About the company «Qnet», however , the name varies from «QuestNet» to «GoldQuest» depending on the host country , in many heard , and some , mostly young people , already drawn into the orbit of its activities. Paint scheme of work of the organization is not necessary , in order to once again not excite immature minds greed . In short , the meaning of "business" is reduced to the original entry fee , purchase the money supposedly elite goods companies are often very expensive (120 th ) and its subsequent spread among friends . However , a new entrant to receive the income may involve only after a few more people, ie there is the classic " pyramid " scheme .

    Interestingly , a native «Qnet» from Hong Kong , where the head office of the company. It was from the organization and launched an offensive on the wallets of citizens around the world. Naturally , the farther she moved to the mainland , the faster remaining behind closed branches and discredit . In the English-speaking Internet segment of this pyramid written a lot , in particular its activities are prohibited in Afghanistan and Pakistan , and Turkey, and several African countries are serious litigation. Lack of information about «Qnet» and in the CIS countries . Convincingly against this background that looks material information agency " Azeri -Press" from Azerbaijan. More convincing to quote a small part of it :

    "In Baku defused transnational organized gang appropriated under the guise of the company « Quest net » manat owned 20 thousand citizens .

    Found that this criminal network , which operated in the capital and regions of Azerbaijan under the guise of the company «Quest net», engaged in that giving false promises citizens to arrange their work , attracted people , mostly young people , to sell jewelry. Selling gold items weighing up to 3 gr ten times more of their real value - for 800-1500 dollars, they have earned a lot of money .

    Everyone who buys the goods had to be written behind two more , which , in turn , did the same thing that led to the expansion of the network . In addition, the most active participants called "leaders" and promote the right to independent activities as head of sales . In order to gain the trust of people and engage in criminal networks even greater number of people in the office "firm" conducted seminars and practical trainings . Money received from the citizens involved in criminal network built in a pyramid , walked on high salaries for management.

    Remedial studies have shown that the central office of the company «Quest net» is located in an offshore zone of Hong Kong (China). Of 20,000 citizens only 5100 received jewelry, and the remaining naive victim and left with gifts and promises of employment.

    It should be noted that the value of gold items from 5 to 95 dollars periodically delivered to Baku and there were citizens who were taken money in advance . A small part of the funds collected was converted into a bank in Hong Kong and was directed to purchase cheap gold in Germany. The greater part of the money was cashed and assigned . "

    It's nice that in the fight against financial pyramids are not asleep and Kazakh people . The official websites of the Ministries of Justice , Labour and Social Protection taken several queries about the legality of work and registering a company in the country. Particularly curious looks the answer to one of these questions on the blog of the Agency for Combating Economic Crimes and Corruption :

    "... Your appeal Company « Qnet » considered.
    Explain that, according to the official website , the main activity of the company registered in Hong Kong, is spread through the Internet and consumer goods.

    Along with this, if the said company operates on the principle of financial pyramids ( raising funds from investors in a project , with a current yield lower rates to attract investment, and payment of deposits from investors not revenue (profit ) of the project , but from the new investors ) , a natural result of this situation is the bankruptcy and loss of recent investors.

    In case of damage resulting from the company, you should contact the bodies of internal affairs or financial police in the community . "

    As it became known , the other day in the regional center has already begun verification activities of the city prosecutor's office.

    On the same resource is the development of this theme - http://yvision.kz/post/228384
    Thence following text :

    financial sect

    Otherwise they will not name . Cleared up in his native homeland fraudulent pyramid is very similar to the destructive religious cults .

    If you happen to see the followers of both , the fun " spot the difference " will not have to play . Burning eyes , relentless self-righteous certitude , the thirst to win over as many followers ... This is just a partial list of matches . But if the object of worship pseudo- doctrines serve different but very specific subjects , the financial pyramids pray unique deity - money.

    It is gratifying , of course, that the fight against destructive sects today thrown considerable resources , until the adoption of a special law , the establishment of competent government agencies and community centers . Sadly only that the situation with the financial pyramids citizens are often left alone with their problems , although the spiritual and material harm to the population of scammers applied no less.

    Today Kokshetau been active for at least three of these pyramids : «Qnet», «Emgoldex» and returned from oblivion "MMM" . And they work to keep pace with technological progress , rebase activities , including advertising , on the Internet . Who is the most uncontrolled space. In social networks, "My World" , "Vkontakte" and instant messaging services " [email protected] », «Skype» followers of these groups have launched a wide-ranging appeal.

    An example of such advertising has led me to a friend, who tried to lure the pyramid through the "agent" girlfriend :

    " Dean Kudibeeva ( 20.01.2012 10:29) :

    - By the way, you did not hear about «Qnet»?

    Ajgul Kaysina ( 20.01.2012 10:30 )

    - What is it?

    Dean Kudibeeva ( 20.01.2012 10:35) :

    - Network business , and very real. In short , there you go into business and sign two more people and get the money . This is all summarized . If you want, you can go to her sister , she will tell all the details. You just have to listen well ...

    Ajgul Kaysina ( 20.01.2012 10:59) :

    - And you are certainly got ? .. "

    In this dialog ( the names of heroes correspondence changed) until interrupted . Incidentally, the rare occasions when you will write strangers . The work is based on the effect of trust , so that you invite to the meeting will likely neighbors, friends or relatives . At their meeting , you are sure to fall under the charm, undergo hypnosis or neuro-linguistic programming, call it what you want. Zombie on greed can not resist it.

    Warn your loved ones about this issue , so they are not lost in vain good relationships with friends and family , time and money !

    jitu moni

    6 years ago

    http://stopqnet.livejournal.com/
    (Translated to English)
    Which country is focused QNet? As it migrates across the planet ?

    Mar. 11th, 2014 at 5:50 AM

    Let's make a list of countries in which the most popular QNet . This is interesting data , as they reflect on who is really focused this pyramid . For the analysis we use the data service traditionally http://www.alexa.com / siteinfo / qnet.net ( choose the country in which QNet included 10,000 most popular resources ) .

    Country ( place in the ranking of the site of the country) :
    1. Sudan ( 588 )
    2 . Syria ( 1080) ,
    3 . Romania ( 3390 )
    4 . Algeria ( 3656 )
    5 . Tunisia ( 5090 )
    6. Egypt ( 6748 ) .

    In November 2013 data were quite different :
    1. Syria ( 825 )
    2 . Egypt ( 2506 )
    3 . Romania ( 2989 )
    4 . Algeria ( 4602 )
    5 . Morocco ( 6724 )
    6. Nigeria ( 6806 ) .

    The smaller the number in parentheses , the more popular poster QNet in the country. What do we see?
    - Nigeria and Morocco needle jumped from QNet ( ran out of money at the simpletons , and banks are no longer allowed )
    - Algeria until falls into the black depth ( QNet popularity grows slowly )
    - Romania , Egypt and Syria began to think better of sluggish ( particularly well bounced Egypt )
    - Sudan flew into Kunet with all his might .

    The conclusion is obvious : lashing out at the country , QNet quickly drains of the most credulous of its citizens profit , then the popularity of his site is sharply reduced . Why would a site to be popular if anybody new can not recruit ? A recruit newcomers does not work, because all those who have money but lack the ability to think clearly , already dragged into this pyramid .

    Still look a little further into the past - in August 2013 was even more interesting ( to watch only those countries that have entered into a thousand QNet by popularity )
    1. Angola ( 35 )
    2 . Botswana ( 98 ) ,
    3 . Armenia ( 804 ) .

    Note these three countries within a few months confidently flew from rating , giving leadership to other poor countries . QNet scheme works with the countries so - extracts maximum money in the shortest time , after which the activity is transferred to a new victim ( once at last ran out of money ) . Our task - to talk about weaknesses in the legend QNet, to as little as possible of Russian-speaking people affected by this parasite.

    If " business QNet" was so white and fluffy , we are told at the presentations , the popularity of his site would not fall so sharply . Only a few months , and Angola, Botswana and Armenia came from QNet. Waited a few months - has been in Nigeria, Morocco and Egypt took off with his neck kunetovskogo parasite. How can this be explained if we start from the honesty scheme QNet? How can this be explained if "QNet so beneficial to join it ?" Yes can not be ! Main explanation recession popularity - refusal of banks to lend to the country students wishing to join QNet. Once there is no money , so immediately popular pyramid plummets. And this is quite logical.

    Traditionally, the 11th of each month, we report on the development of our activities to combat QNet ( see February 2014 and the first half ) . Over the past month the following changes :
    - Come to the site http://stopqnet.livejournal.com/ 4790 people ( 3723 from Russia , 292 from Ukraine , 148 from Kenya, 103 from Moldova , 65 from Armenia ) . A month ago, were the following data: 5470 people ( 4212 from Russia , 345 from Ukraine, 190 from Kenya, 99 from Armenia , 92 from Moldova , etc.);
    - Come to the site http://stopqnet.blogspot.com/ 1056 people (one month ago was 850) .

    This means that we were able to communicate objective information about the pyramid QNet approximately 5840 people ( about 195 people a day , or 15 a day less than last month's record ) . We would like to see the popularity of our sites has decreased to almost zero , as it would mean leaving the pyramid QNet from Russia. But for this to be more work . Some optimism on this subject is , but too early to relax .

    Another finding presented at the beginning of the record set by leading kunetizatsii countries : it is dominated by states with lower levels of education and income . Remember the wisdom of " Want to be rich - to sell to the poor "? Here it's the same - kunet vparivaet their stuff on almost fake certificates , assigning a price tag , which is 100 times higher than the price for the same stuff in the usual online stores.

    Fortunately, the former Soviet Union where many remained good education , so what kind of leadership you want QNet in Russia , Ukraine, Kazakhstan and other fraternal countries can not speak. But this does not mean that we can relax . We must warn those who do not know about the threat of QNet, so they do not accidentally run into it , as did the poor and unfortunate Sudan .

    Click on the buttons below to help in combating this polusekte - polupiramide !

    jitu moni

    6 years ago

    http://stopqnet.livejournal.com/
    (Translated to English)
    Stop QNet in Russia!
    Tell us about the problems of the network to their loved ones that they were ready to psychological attacks QNet!
    Mar. 19th, 2014 at 1:27 PM

    Kazakh edition of Capital also decided to write about the pyramid QNet - http://kapital.kz/gosudarstvo/28001/fina...

    Here is the beginning of the article "Pyramid schemes continue to operate in the Republic of Kazakhstan":

    "Their creators are not afraid of criminal penalties.
    Over the past few years, Kazakhstan has suppressed the activity of 23 financial pyramids . Number of victims of the scams has reached 5000 people at more than $ 1 billion. Such findings have led to the Majilis Committee on Legislation and Judicial Reform in Astana. According to information provided by the financial police of Kazakhstan, operational investigative practice suggests that during the last decade in Kazakhstan there were about 23 such companies. These organizations are designed for mass due to their involvement promised by large dividends.

    So , on the eve of employees DIA West Kazakhstan region identified and eliminated " pyramid scheme " designed to steal money in large-scale enterprises and entrepreneurs in small and medium-sized businesses .

    According to the Department of the Interior region , a native of the city of Uralsk for 5 years concluded with legal entities fictitious agreements giving them grants from USAID to develop small and medium businesses . Currently excited and investigated criminal cases on 9 episodes of theft by fraud of funds in a large scale. Cumulative damage deceived entrepreneurs made today more than 1 billion, which were cashed through second-tier banks .

    Watch for $ 2,000
    Similarly in Kazakhstan operates company Qnet, is profiled on e-commerce and network marketing. As reported in the Financial Police , promotion of goods supplied by the organization , not the purpose of the company and serves as an auxiliary mechanism for raising funds . Thus , in order to join the distribution network will need to purchase necessary goods (in this case - a watch worth $ 2,000 [Note stopqnet: interesting that the same watch from an authorized dealer is available in two times cheaper than in the pyramid QNet]) and further involve two customers. According to the report , the income obtained not through investments in goods and to attract new investors and funds.
    According to information from " Wikipedia », Qnet is a member of the Direct Selling Association in Singapore, Malaysia and the Philippines , as well as a member of the Hong Kong Association of healthy nutrition and supplements Manufacturers Association of Singapore. In 2007, APLI, Direct Selling Association of Indonesia recognized GoldQuest ( aka QuestNet) pyramid scheme . The company responded that the allegations were unfounded and continued activity on the territory of Indonesia , where they are sending forwards state postal company Pos Indonesia. The company has offices in 23 countries , including India, Turkey , Armenia, Indonesia, Malaysia . QNET unknown in Europe , but as of December 2013 planned to deploy operations there. In Indonesia, Iran and charged with forming a financial bubble led to the closure of branches and the arrest of its employees. The company's activity was also suppressed by government agencies in Dubai and Azerbaijan. At the same time the company denies all charges , the charges against the company were also removed prosecutor Indonesia, with offices in Dubai and Baku continue to function .

    As noted in the financial police , victims of fraudulent actions were treated with explanations about the legality of companies. But , despite this, the specific allegations against them are not followed , hoping to receive dividends on their holdings .

    In Almaty , the organization conducts a successful operation for several years . Judging by the official group information in a social network "Vkontakte" , the company managed to attract thousands of followers to accomplish more than one training with top managers .

    Lack of availability of the application in law enforcement makes the process a criminal case on the fact of damage . Separate offense for organizing financial pyramid existing Criminal Code does not provide . "
    Active media well to restrain the pyramid in our countries. We already know of several cases of voluntary closure kunetovskih offices ( faced with the impossibility to recruit newcomers , they flee to the less educated region) . The same thing happens on a global scale - QNet moves from a poor and uneducated country to another. Fortunately, Kazakhstan, Ukraine, Belarus, Kyrgyzstan , Russia and many other countries of the former Soviet Union is still a high level of education , so here kunetovtsam easy.

    We try to complicate them even more fraudulent activity by publishing information about weaknesses in the legend QNet. Help us in this ! Click on the following buttons to warn loved ones :

    gurupreet

    6 years ago

    A Complaint from a QNET Victims..the same modus operandi used to cheat thousands across India :)

    I think it is a GREAT time to form a QNET VICTIMS FORUM..who all want to take a active lead in it pls email me on [email protected]

    Our Facebook address is:
    https://http://www.facebook.com/groups/antiqnet/
    [email protected]

    Here is the Complaint..copy pasted :)

    Dear Friends,

    I wanted to share my personal story of trust, friendship, deceit , money and greed. In September 2012 I was talking to a friend (I doubt) on face book and he was very excited about his life and business and was saying how w...e can start the business, since I knew that person from college (2 years senior) and a Kashmiri, I started talking more. I was convinced that it was a good e-commerce business model since a BITSIAN senior is doing it , a well accomplished professional. On my vacation to India in Dec 2012, I met him and had a great chat, reliving memories of the past etc etc, and just on face value I joined the business (invested at least 4.5 lacs) in the business by buying products and got some credit into my account too. I was given assurance that my business will be bought back and money doubled after 3 years, if i do not want to continue. I was back in US in Jan 2013 and as expected I started doing the same., but slowly after talking to people and interacting with my senior I realized that business was MLM. It is projected that business is great, unlimited money, job is not needed and within 4 years people can gain financial independence, a farcical claim. In March due to some serious family situation, I asked to come out of the business and need my investment back and then things started to go south. I started hearing business and friendship cannot be mixed, i don't owe you anything, i did not force you go into business (no body does, it is trust and face value), i am lazy since i am not contributing to business. Finally it was decided that after 6 months i will get money and after six months phone is not picked, i am made to run from pillar to post to get my money back. I still have not got my money back. Subsequently i talked to lot of my BITSIAN friends, and all of them had been approached but none had accepted the business proposal.

    The people engaged in business are well accomplished professionals, who project a great lifestyle, like uploading a great new car or great vacation pictures to make curious people ask questions and slowly woo into business (unethical). Friends like me who are targeted to create this false aura of business and great life. In their parlance it is called Prospecting.

    Now the question is which company i am talking about, the company name is Qnet, yes the same company which is facing legal challenge in India for unethical business practices.

    http://articles.economictimes.indiatimes...

    http://www.mumbaimirror.com/mumbai/crime...

    Please google Qnet Scam and the rest you will know.

    Please do not fall into this scam and do not get fooled by Kuldeep Kaul (https://http://www.facebook.com/#!/kuldeep.kaul?fref=ts) and his partner Anuj Garg (https://http://www.facebook.com/#!/anuj.garg.5209?fref=ts) who run this scam out of GIP NOIDA and Cannought Place

    Join in on our facebook page..and support the cause :)

    Regards
    Gurupreet

    jitu moni

    6 years ago

    http://corporatefraudswatch.blogspot.in/
    PYRAMID SCHEME ALERT dissects MLM scam
    1. Not Direct Selling
    We have not found a single MLM in which the majority of distributors (sometimes called IBOs, coaches, associates, etc.) makes a sustainable profit just from retailing the MLM's product to the general public. We haven't found one that can therefore be considered "direct selling." We ask every inquiring consumer to find out if the current distributors are making a profit from selling the goods to people,without also having to sign up new salespeople (to make money off their purchases and sales)? If not, then what is the real business, selling or recruiting? Recruiting salespeople who cannot make a profit from "selling" but must also recruit is not a business. It is a pyramid scheme.
    If few or none of the salespeople earn sustainable profits from retailing alone, what is the actual value of the "distributorship"? Why are the salespeople recruiting more salespeople who presumably become their competitors? If you must recruit more "distributors" to make your distributorship have value, and all others must do the same, you are in a Ponzi scheme.
    We have not found one MLM in which retail sales levels, average retail sales income, average retail profit margins, or the average tenure (turnover) of salespeople - the normal factors for evaluation - are disclosed during solicitation. This makes due diligence impossible. There is a reason for this. The only people in the MLMs that we have looked at that make any profit - usually 1-4% or less of the total distributors per year - are those at the top of the recruiting chain.

    jitu moni

    6 years ago

    Retro News..
    History always repeats itself..
    Learn the Maths,
    Get Insights from world over, i.e. US, Sri Lanka, Philippines, Chennai, Iran..
    Only on
    http://questnetscam.blogspot.in/
    Tune in...

    jitu moni

    6 years ago

    http://www.antifraudcentre-centreantifra...
    Pyramid Schemes

    Pyramid schemes are frauds that are based on recruiting an ever-increasing number of investors. The initial promoters (those at the peak of the pyramid) recruit investors who are expected to bring in more investors, who may or may not sell products or distributorships. Recruiting newcomers is more important than selling products.

    No new money is created in pyramid schemes. Investors who get in early take their profits from investors who join later. At some point, no new investors can be found and as a result the last investors, who are at the bottom of the pyramid, lose their money. They also face prosecution, as pyramid schemes are illegal.

    Before you invest any money in a multi-level company that could be a pyramid, get all the facts about the company, its officers and its products. Get written copies of the company's marketing plan, sales literature, contracts and prospectus (a legal document that gives prospective investors information about the company). Avoid promoters who fail to clearly explain their plans. Have a lawyer or accountant explain anything you do not understand. Find out if there is a demand for the product, or if there are similar products on the market. Remember that the greater the promised return, the greater the risk.

    Pyramid schemes are illegal under the Competition Act, and serious charges may be brought against you if you are operating or affiliated with one of these schemes.

    Effective January 1, 1993, Industry Canada made amendments to the Competition Act, Section 55. A multi-level sales procedure is a pyramid if:

    There is compensation paid for recruiting a new salesperson.
    There is inventory loading, that is, the recruits must purchase an unreasonable quantity of product.
    Purchases are required as a condition of entry. (You may, however, be required to pay for a sample kit, but this kit must be at cost.)

    jitu moni

    6 years ago

    http://www.newindianexpress.com/states/k...

    The proposed Kerala State Multi-level Marketing (Control and Regulation) Bill, 2013 to regulate multi-level marketing (MLM) in the state has irked the Indian Direct Selling Association (IDSA), that describes the Bill as one which “inhibits the growth of entrepreneurship in the business model of direct selling”.In a detailed e-mail response to ‘Express’ on the draft Bill, IDSA secretary general

    Chavi Hemanth said: “Kerala Government’s recent initiative towards bringing out the legislation for directselling industry in the state has certain impractical provisions in it which inhibit the growth of entrepreneurship in the business model of direct selling. ‘‘Hence, we request the government to reconsider the draft and consult the industry stakeholders to assess the feasibility of the legislation.”

    Significantly, the bone of contention is the section 13(3), the crux of the draft Bill, which restricts the distributors from appointing or entrusting persons below them to do the business.

    This section intends to prevent the formation of pyramid model business plans, which is illegal under the PCMCB Act. However, according to IDSA, “this clause restricts the entrepreneurship opportunity provided by direct selling entities and kills the spirit of the industry”.

    The IDSA comprises 18 members including Amway and Modicare. Meanwhile, Superintendent of Police J Jayanath, who was the member of the committee which prepared the Bill, took strong exception to IDSA’s allegation that the Bill kills the essence of entrepreneurship.“The Bill incorporates provisions for a free and fair conduct of MLM in Keralawithout violating the provisions of the PCMCB Act. Any registered MLM entity can recruit any number of direct sellers, who in turn can appoint any number of distributors under them.

    By restricting further appointments below the distributor, the Bill only restricts the formation of a binary chain which is illegal. Then, how can one say that the Bill inhibits entrepreneurship?” he said.

    Stating that direct sellers and distributors are synonyms as the business model of direct selling, IDSA has challenged certain key sections including registration of direct sellers, refusal of registration of direct selling entity and the relationship of agency “The government is trying to define the relationship between direct-level marketing entity, direct seller, distributor and consumer or customer shall be that of among the principal, agent, sub-agent and third parties, respectively. But as per the business model of direct selling, direct sellers are the independent sales consultant to an entity andhence has principal to principal relationship,” said Chavi Hemanth, adding that IDSA’s legal committee was currently working on the final draft.Countering IDSA’s view, Jayanath said registration was essential for MLM entities, direct sellers and distributors so that the government could monitor their functioning, initiate action against fraudsters and make the consumers aware of the whereabouts of the firms.

    The draft Bill, prepared by the committee headed by Industries Secretary K S Sreenivas, is on public domain and suggestions can be made till 5.15 pm on February 15.

    REPLY

    gurupreet

    In Reply to jitu moni 6 years ago

    [email protected] Hemanth, these IDSA people chicken out if you ask them direct and pointed questions.

    One of the questions put forward to Miss Chavi Hemanth from me was, Please make it mandatory for your IDSA members to reveal the failure rate of the distributors in the promotional material. This failure rate is more then 99%, no wonder she did not reply :P

    jitu moni

    6 years ago

    http://www.kerala.gov.in/index.php?optio...

    THE KERALA STATE MULTI-LEVEL MARKETING(CONTROL AND REGULATION) BILL, 2013
    Chapter IV
    CONDITIONS FOR DIRECT SELLING
    15.
    Conditions for direct selling by multi-level marketing entities.
    -
    19
    Every multi-level marketing entity shall comply with the following conditions
    in respect of their business, namely:
    -
    (a) It shall be a legal entity authorised to conduct business in India in accordance with the provisions of the laws in force.
    (b) It shall have a registered trademark which identifies the entity, the goods or services to be supplied.
    (c) It shall maintain records both manual as well as electronic, with complete
    details of their goods, services, terms of services, price, income plan, details of
    direct sellers under it and all relevant information about the company and business. The websites of a multi-level entity shall be updated regularly.
    (d) It shall not require a direct seller or distributor to purchase any goods or
    service or to pay any membership fee as a condition precedent for registration
    or enrollment of director sellers or distributors.
    (e) It shall not require the direct sellers or distributors to pay any money by
    way of minimum monthly subscription or renewal charges.
    (f) It shall ensure full refund of the price of any goods returned by its
    consumers on the ground of any defect or inferior quality as against the information given by it regarding such goods, within thirty days of purchase.
    (g) The income plan of a multi-
    level marketing entity shall not be based on the number of new direct sellers registered or distributors enrolled. The
    benefits received by any multi-
    level marketing entity, direct seller or distributor shall be only as a result of selling goods or providing services and
    shall not be in connection with the number of registration of direct sellers or
    enrollment of distributors.
    (h) It shall not require the direct sellers to enroll a minimum number of
    distributors for the purpose of receiving any type of commission, incentive or
    other benefits.
    (i) It shall require the direct sellers and distributors under it to provide the
    following informations to the consumers at the time of sale, namely:
    -
    20
    (i) Name, address, register number or enrollment number and telephone number of the direct seller, distributor, as the case may be, and of the
    multi-level marketing entity concerned;
    (ii) A description of the goods or services to be supplied;
    (iii) The Order date, the total amount to be paid by the consumer along with the bill and receipt;
    (iv) Time and place for inspection of the sample and delivery of goods;
    (v) A notice to the consumer of the consumer's rights to cancel the order
    and to receive a full refund of sums paid;
    (vi) Details regarding the complaint redressal mechanism of the multi-level marketing entity;
    (vii) The direct sellers and their distributors shall at all times carry identity card issued by the Authority.

    gurupreet

    6 years ago

    Open CHALLENGE to "QTARDS"..

    Let me expose how this product called "Amezcua Chi Pendant" is being sold and marketed in my country...

    Officially the QNET version about Amezcua Chi Pendant is as below..mind you QTARDS this is what YOUR company says..not me :)

    "To combat depleted energy levels without adding to the already busy schedule of your day, the Amezcua Chi Pendant is a way to provide continuous protection from the effects of a busy and stressful world, a way to recharge your batteries, and importantly, a way to allow you to get on with life with a bounce in your step.

    Key Benefits

    Feel refreshed and rejuvenated.

    Improve your harmony and energy levels.

    Protect yourself from the negative effects of electromagnetic fields (e-smog)"

    Now let me point out a case i came across my research when one of the India's TOP Liar..oops i meant Lawyer made a statement in court that there was not a SINGLE case pending against Suresh Thimris Tansview company, whom they claim has NO RELATIONS what so ever with QNET and that Suresh Thimri and Transview are just a IMPORTER AND CLEARING AGENT..what CRAP..any ways back to the case..

    The COMMISSIONER OF CUSTOMS (SEAPORT-IMPORT) OFFICE OF THE COMMISSIONER OF CUSTOMS SPECIAL INTELLIGENCE AND,INVESTIGATION BRANCH,THE DEPUTY COMMISSIONER OF CUSTOMS, OFFICE OF THE COMMISSIONER OF CUSTOMS, SPECIAL INTELLIGENCE AND INVESTIGATION BRANCH had registered a case against Transview Company and seized the goods imported by Transview company of Mr.Suresh Thimri

    Briefly stated the facts are: that the Transview had imported "Amezcua Chi Pendant" said to be artificial jewelry from its supplier M/s. QNET Ltd., Hong Kong.

    Oh so QTARDS your best selling "WELLNESS PRODUCT" which you all wear around your necks so diligently is just a piece of "artificial jewelry " or did your CEO lie to the customs to save on customs duty?

    Further the customs intelligence unit alleged that..

    there was a mis-declaration on the part of the importer Transview on the following grounds:

    a) Description

    b) Country of origin

    c) Classification

    d) Existence of relationship with the supplier

    e) True transaction value

    SHAME ON YOU MR.SURESH THIMRI AND YOU ALL QTARDS...SHAME ON YOU ALL FOR CHEATING YOUR OWN MOTHER LAND..SHARAM KARO..

    Guru

    abhishekpy

    6 years ago

    If someone tries to sell you bio-disk at 30k, show him this link, and help him if he needs any medical assistance ;-)

    http://www.alibaba.com/showroom/amezcua-...

    gurupreet

    6 years ago

    Pushpam Appalanaidu, MD of QuestNet India was arrested at Chennai International Airport following a look out notice from the Andhra Pradesh CID. Appalanaidu, a Malaysian, faces 21 criminal cases of cheating for duping investors for Rs160 crore

    Immigration authorities at the Chennai International Airport has arrested Malaysian Pushpam Appalanaidu, who is wanted by the Andhra Pradesh police in several cases of cheating investors for around Rs160 crore through multi-level marketing (MLM) schemes. Appalanaidu was known as managing director of QuestNet India, the previous avatar of QNet in the country.

    According to a report from The Hindu, the 50-year-old accused, Pushpam Appalanaidu, a Malaysian, faces 21 criminal cases of cheating and the Prize Chits Money Circulation Schemes (Banning) Act 1978 too was invoked against her.

    "Criminal Investigation Department (CID) officials had issued a look-out to Immigration officials in Delhi, which was sent to all international and domestic airports in the country. The woman was caught by authorities at the Chennai airport as she was about to board a flight for Malaysia," the report says.

    Appalanaidu along with four other accused had floated a MLM company and indulged in alleged illegal company activities by collecting deposits from investors in Andhra Pradesh by promising high returns, CID official told PTI.

    Following police action, both QuestNet and GoldQuest, the multi-level marketing (MLM) companies run by QI group of Malaysia shut shop in 2009. They now call themselves QNet, which is also under the lens and the economic offenses wing (EOW) of Mumbai Police as well as Enforcement Directorate are probing the operations of the company.

    In India, it was registered as GoldQuest International India Pvt Ltd in 2001. Elsewhere QuestNet Enterprises was registered in November 2004 in Chennai. Between them, they had offices at Bangalore, Mumbai and Hyderabad.

    Although QuestNet’s claims about its legitimacy was an important part of its sales pitch, government agencies too were uncomfortable about its operations and at that time the Intelligence Bureau (IB) sent out a report questioning its activities to several government agencies.

    Both GoldQuest and QuestNet used to sell a pair of limited edition, numismatic medallions for around Rs30,000 that were made in Germany. These had images of Indian deities, the ka’abah, Bhagwan Mahavir, the Pope and Mother Theresa; it also had coins for major world sporting events-in fact, it had coins for every interest group. The coins were sold through closed-group presentations led by influential people - doctors, lawyers, sports stars - and the products were pitched at those who can cough up Rs30,000 for a pair of medallions of doubtful value (limited edition coins don’t necessarily appreciate in value). The emphasis at these meetings was on establishing the apparent legitimacy of the scheme by displaying documents about its tax filing, apparent government permissions and its ISO 9001:2000 certification.

    However, the selling point was not the value of the coins or their potential appreciation. Each buyer of coins, who puts down 30 grand, was supposed to persuade two others to join the scheme and purchase coins. When that happens, the originator gets back a part of his money in line with a detailed matrix, which is spelt out on its website without indicating the exact returns earned.

    Coming back to Appalanaidu, during August 2009, JR Mayer, the managing director of QI Group sent an invite to Moneylife's managing editor Sucheta Dalal. Mayer, in the letter, said, "Due to the legal challenges that both the companies have been facing, in India for over a year now it has unfortunately led to both companies being forced to halt their operations and temporarily close down their offices. However the companies are by no means non-existent. Thus the MD of QuestNet India, Ms Pushpam Appalanaidu has not been in any position to make media statements or invite the media to an open forum to answer questions about the two entities."

    QI group units were actually banned in 2009 while operating under the names of Goldquest International Pvt Ltd and Questnet Enterprises India Pvt Ltd. In fact, the Ministry of Corporate Affairs in its report for 2010-11 has specifically shown both these companies as being under investigation by Serious Frauds Investigation Office (SFIO).

    The EOW of Mumbai Police, which is also probing the MLM fraud, had so far arrested nine team leaders of QNet for allegedly duping investors by offering to sell products such as magnetic disks, herbal products and holiday schemes through fraudulent practices. The accused have also been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978, similar to Appalanaidu.

    I am sure Mumbai EOW will bring her to Mumbai soon ;)

    gurupreet

    6 years ago

    Friends,

    Am reporting team leaders and active members of Faith, INFINITI/INFINITY, SOLITAIRE, GOLDEN PI, TITANS, WINGS, GALAXY, PLANETS, DREAM ACHIEVERS, GENGOLD, ASPIRATIONS, OCEAN etc.. If i missed any active teams in India, please email me on [email protected]

    D-Day soon...

    Love
    Guru

    gurupreet

    6 years ago

    When this fight began..i got personal INFO & Complaints regarding the TOP Leaders of QNET in India...but i desisted to expose them as my fight was against the SCAM and not against these individuals...

    For e.x.

    1. The top woman leader in India who got ABA in a old case by lying to a higher court..i was tempted to expose her but i got the info she was pregnant..so i decided to wait on humanitarian grounds...

    2. AS whose mother FS was responsible for holding a seminar in marine lines and then later in dadar..and because of whose foolishness 8 TOP IR,s of Golden Pi Gang got arrested. The best part is that the same FOw*** S was responsible for the arrest of these 8 people, while she, her son and daughter escaped as part of the Dea*. Shame on these people who sacrificed their own people to protect her daughters wedding. I kept quite again on humanitarian grounds..cos it was a girls wedding...warna media would have had loved the story...

    3. Ex wife of TOP leader who is absconding in dubai..could have had her used..but again i said..my fight is against the company and not individuals..so i kept quite..

    So many other instances..but then Q poked their dirty nose into my personal affairs..and from now it is not JUST A FIGHT AGAINST THE QNET but now it is PERSONAL...lets have it...now wait and see what i do..

    Q you will REGRET meddling into my PERSONAL PROBLEMS..

    You have not seen the BAD times yet...

    Love
    Guru

    jitu moni

    6 years ago

    Source:https://http://www.dsa.org/ethics/legitimatecompanies.p...

    Here’s how to tell a legitimate business from a pyramid scheme:
    Legitimate direct selling companies contribute to a vibrant marketplace by selling competitive, high-quality
    products and services and providing a sustainable source of income for those who choose to sell those products.
    Specifically they:

    Provide accurate information about the company, its products and what one can expect as a seller of the company’s
    products and services.

    Charge a nominal fee for a starter kit – the median cost for the start-up kit is $99 and usually includes items
    such as samples, catalogs, order forms and other tools that help the seller begin selling.

    Have a product or service that is competitive in the marketplace and is purchased by the ultimate user.

    Require sellers to hold little or no inventory and has a buyback policy to protect against inventory loading.

    Base compensation primarily on the sale of products and services to the ultimate user. Compensation can be
    generated from either your own sales or the sales of others you have recruited.

    Take time to describe the business and give potential sellers adequate time to make a decision – any opportunity
    worth having will be there tomorrow.
    Legitimate direct selling companies also promote consumer protection and guarantees. Many of these are voluntary
    standards that exceed the requirements of any regulations created by the Federal Trade Commission (FTC) or
    mandated by federal or state law. Members of the DSA have also pledged to abide by a strict Code of Ethics that
    outlines a high set of standards for interactions with both sellers and customers.
    Pyramid schemes take advantage of and defraud people because they:

    Promise large earnings with little effort.

    Promise that one can earn a substantial income merely for recruiting people into the operation.

    May or may not be a “product” to sell, but if there is it generally has little or no actual value.

    Convince people to buy large amounts of inventory which they cannot easily sell to others and is not returnable
    (this is called “inventory loading”).

    Charge large up-front fees to get involved, either as a direct payment or in the form of an obligatory payment for
    “products”. Promoters of pyramid schemes will also try to pressure people to sign up immediately by suggesting
    the same opportunity will not be available later.

    Base compensation primarily on activity (these payments for recruitment are called “headhunting fees”).
    Participants are convinced to pay to get involved with the promise of receiving “headhunting fees” when
    they recruit others

    jitu moni

    6 years ago

    Product Pyramid Scheme
    Source: http://www.fbi.gov/scams-safety/fraud

    Pyramid Schemes
    As in Ponzi schemes, the money collected from newer victims of the fraud is paid to earlier victims to provide a veneer of legitimacy. In pyramid schemes, however, the victims themselves are induced to recruit further victims through the payment of recruitment commissions.

    More specifically, pyramid schemes—also referred to as franchise fraud or chain referral schemes—are marketing and investment frauds in which an individual is offered a distributorship or franchise to market a particular product. The real profit is earned, not by the sale of the product, but by the sale of new distributorships. Emphasis on selling franchises rather than the product eventually leads to a point where the supply of potential investors is exhausted and the pyramid collapses. At the heart of each pyramid scheme is typically a representation that new participants can recoup their original investments by inducing two or more prospects to make the same investment. Promoters fail to tell prospective participants that this is mathematically impossible for everyone to do, since some participants drop out, while others recoup their original investments and then drop out.

    Tips for Avoiding Pyramid Schemes:

    Be wary of “opportunities” to invest your money in franchises or investments that require you to bring in subsequent investors to increase your profit or recoup your initial investment.
    Independently verify the legitimacy of any franchise or investment before you invest.

    Source: http://www.dsaa.asn.au/illegal-schemes.a....

    How Does Direct Selling Differ From a Pyramid Scheme?

    Pyramid schemes seek to generate income to those who participate, from the recruitment of others. In a legitimate direct selling organisation income is generated by the sale or consumption of the product either by the salesperson or those is that person's downline.

    Legitimate companies rely on solid sales over time. A strong base of customers who love and use the products is important to continuing success. Scams like pyramid schemes, on the other hand, generally rely on people making a large upfront payment, from which the scheme promoter profits. People are then reliant on recruiting others into the scheme in order to recover their upfront cost and earn further income.

    Multi-level marketing structures are commonly used for the distribution of goods and services in the direct selling industry. These structures may seem similar to pyramid schemes, but in reality they are substantially different and are more similar to a conventional corporate business model.

    In direct selling new salespersons are contracted to organisations under independent contractor arrangements. They are usually required to make a modest payment the aim of which is to have the salesperson show a commitment to the organisations and for a quantity of goods and/or literature and stationery to facilitate the demonstration and sale of products to customers and prospective customers. In a pyramid scheme however there is likely to be a large upfront payment for products which will be generally overpriced and have little or no market value.

    In a legitimate direct selling opportunity the rewards come from sales of products and services to consumers by salespersons and their recruits, called down lines.

    Avoiding Pyramid Schemes

    Before considering an opportunity, ask yourself these questions:

    Are start-up costs minimal?
    Can you return unsold inventory?
    Is income only possible from the sale of products?

    If the answer to each is yes then you are probably considering a legitimate direct selling opportunity.

    Start up cost in direct selling organisations is usually a modest contribution to the cost of a sales kit. Organisations want to make it easy and inexpensive for new salespersons. This is unlike pyramid schemes, which are often disguised with direct selling characteristics. Pyramid schemes make their money from fees paid by new recruits or by loading inventory or training aids on them. High entry costs are a tell tale sign.

    A condition of DSAA Membership is that Members have a buy back policy. This means if you quit the business, the Member will buy back unsold marketable products you purchased in the prior 12 months, for 90 percent of what you paid for them. Think carefully about opportunities that encourage front end loading, or buying large inventories of unreturnable products to reach levels for price or other gains.

    Earnings from sales, not recruitment, are essential for a legitimate business. Direct selling, like other retail channels, depends on selling to consumers. This requires quality products at competitive prices. Be careful of any business that claims you can get rich by solely using their products or by recruiting new people into the business. You should believe in the products you will be selling.

    Don't be rushed into a decision about starting your own business and avoid any organisation which refuses to answer questions about its products and services, start up costs, average earnings, etc.

    gurupreet

    6 years ago

    http://www.dnaindia.com/mumbai/report-no...

    The Bombay High Court on Wednesday refused to grant any interim relief to a clearing agent Transview Enterprise India Private Limited, whose accounts have been frozen for their alleged involved in the QNet scam worth over 400 crore.

    A division bench of Justice N H Patil and Justice V L Achliya refused to allow the de-freezing of bank accounts of the company while hearing a petition filed by its director Suresh Chimeeri. The plea was argued by Advocate Niteen Pradhan who said that the company is a clearing agent for the company which imported good from Honkong to India and it has no further role to play in the alleged scam.

    The Economics Offence Wing (EOW) has wrongly frozen the accounts and it should be de-frozen for the company to pay its statutory taxes of around 4 crore which include, Income Tax, Sales Tax, VAT and Custom Duty. Or else action under the penal provisions would be taken by the authority concerned.

    Advocate Pradeep Gharat appearing for EOW opposed the petition on the grounds that investigations were still on and the accused was one of the prime accused in the case and no leniency should be shown to him. While the complainant in the case, Gurpreet Anand said that the company had taken out several crores from India as it is a Foreign Company and it would not be difficult for it to bring a small amount back into India to make the statutory payments.

    The court after going through the entire arguments noted that it would finally hear the petition on March 6 and till then refused to grant any interim relief.

    The EOW has arrested nine team leaders of QNet so far for allegedly duping investors by selling products like magnetic disks, herbal products and holiday schemes through fraudulent practises.

    QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors. The accused were charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.

    http://www.dnaindia.com/mumbai/report-no...

    gurupreet

    6 years ago

    "One man with courage is a majority."

    gurupreet

    6 years ago

    Hello Friends,

    Thanks for reporting your up-lines, now after the case has been registered by the ED time has come that all these properties,high end cars like the audis,bmw,s etc these qnetters used to flaunt will be attached.

    I am sure the agencies are also keeping a watch on every one who is promoting and enticing people to visit malaysia for the V-Con.

    Also these team leaders who have been for years using those credit cards and taking cash from innocent victims will be on radar..

    Please send in more details of all the scamsters and white collared criminals on [email protected]

    Regards
    Gurupreet

    gurupreet

    6 years ago

    Hello Friends,

    Just got free, ED registered case of money laundering against QNET. I thank every one for the support shown.

    I may not be able to come online for 2-3 days as i have to prepare for a bigger battle ahead and expose the names involved in this "pure money laundering scheme" called QNET.

    I request active members to please try and counter any propaganda that QNET PR machinery will engage in the coming days in my absence.

    Lets all fight this SCAM together and Layer by Layer lets all expose this money laundering scheme and expose its ugly under belly...

    जिंदगी तो सिर्फ अपने कंधों पर जी जाती है, दूसरों के कंधे पर तो सिर्फ जनाजे उठाए जाते हैं.

    I just came to know that QNET is again putting advertisements in leading news papers, this is highly un-auspicious for them, last time they advertised 8 IR,s got arrested and now they advertised again and they get case registered by ED..

    आम तौर पर लोग जैसी चीजें हैं उसके आदी हो जाते हैं और बदलाव के विचार से ही कांपने लगते हैं. हमें इसी निष्क्रियता की भावना को क्रांतिकारी भावना से बदलने की जरूरत है.

    The fight is not a easy and short one..but then this was known...

    Jai Hind
    Gurupreet

    jitu moni

    6 years ago

    http://indiatoday.intoday.in/story/break...

    5.15 pm: Enforcement Directorate registers money laundering case in Rs.425-crore QNet financial fraud case in Mumbai.

    REPLY

    jitu moni

    In Reply to jitu moni 6 years ago

    http://www.business-standard.com/article...
    Serious Fraud Investigation Office has so far filed prosecutions against 8 firms including Global Trust Bank and City Limouzines (India).

    The agency, which comes under the Corporate Affairs Ministry, has filed the prosecutions against the defaulting companies and errant directors.

    Prosecutions have been filed against eight companies related to 61 cases -- under Companies Act as well as IPC -- filed against them, Parliament was informed today.

    The companies are Global Trust Bank, Goldquest International Pvt Ltd, Questnet Enterprises India Pvt Ltd, Jayant Vitamins Ltd, City Limouzines (India) Ltd, Palamoor Agro Complex Ltd (under liquidation), Ayushi Buildestates Pvt Ltd and Yusuf Properties Pvt Ltd.

    Goldquest International Pvt Ltd, Questnet Enterprises India Pvt Ltd are suspected to be related to multi-level marketing firm QNet, which is currently under the scanner of Economic Offences Wing of the Mumbai Police.

    In a written reply to the Lok Sabha, Corporate Affairs Minister Sachin Pilot said that out of the probe reports submitted to the government in the last three years and this year SFIO has secured convictions with respect to two companies involving 39 complaints.

    Five directors of these entities were held guilty in such cases for multiple offences.

    SFIO does not register cases against individuals but only takes up investigations "under Section 235, 237 or 239 of the Companies Act, 1956" as and when entrusted by the central government.

    "Such investigations could bring out the role of individuals including the directors of companies under investigation," Pilot said.

    Under the new Companies Act, SFIO would have statutory recognition which would help the agency to carry out investigations more comprehensively.

    Meanwhile, the government has initiated various steps including induction of technology to improve investigation methods such as setting up a forensic lab at SFIO premises.

    Towards strengthening inter-agency co-ordination, recently an Inter Ministerial Group (IMG) with members from Corporate Affairs Ministry, Department of Financial Services, Reserve Bank of India and Securities and Exchange Board of India has been set up to "deal with frauds by unscrupulous companies".

    gurupreet

    6 years ago

    Hello Friends,

    Last night me, my wife and my younger child met with a accident, by gods grace no one sustained any major injuries.

    My son got saved because he had just got down from my Activa scooter and one person who was in full speed on a pulsar bike ran over our parked scooter.My wife sustained minor injury.

    I dont know who was behind this accident/attack and hence i had to let go off that guy.

    But one thing i know and that is there is one person who is my families savior and that is "GOD" almighty.

    This video gives me strength to fight this giant evil called "QNET". Hope you all will like it..

    https://http://www.youtube.com/watch?v=TbGqkRc8U...

    Friends all these incidents will increase in the coming days, More cases will be filed against me but the fight has to continue...

    There is no need to feel disheartened or to feel low as we prepared well for this fight, even if i were to remain absent for any reasons, Plan B will always take over as had happened in the last episode where i was illegally detained to keep me away from appearing on crucial dates in various courts, Plan B took over and was quite effective..

    I hope you all like this inspirational song...

    https://http://www.youtube.com/watch?v=t__AUZ9jd...

    The attacks will continue...

    The Fight will continue....

    Jai Jai Matram
    Gurupreet

    gurupreet

    6 years ago

    ********** Appeal **********

    Dear Friends,

    As the fight comes to the crucial stage we need some more info inputs from you all, I hope you will all come forward as in the past and help us.

    We need the following information:-

    1. Details of events/systems etc held in different cities by members of quesetnet/qnet/vihaan etc with dates and name of the venue, with photographs & Videos if available.

    2. Names and IR,s numbers of the top leaders of Questnet/QNET all over India.

    3. Details of these leaders like the house addresses, cars owned etc.

    Please email us all the details on [email protected]

    STOP THE SCAM
    BE THE CHANGE

    Jai Hind
    Guru

    gurupreet

    6 years ago

    Michael ferreira develops selective amnesia...says he does not remember anything and he never promoted the qnet scheme..he should be using the bio-shit i mean bio disc..will help him may be ;)

    jitu moni

    6 years ago

    http://www.asianmirror.lk/english/index....

    QNet, the controversial direct selling company owned by Vijay Eswaran, admits that one of their shadow companies is operating in India - where they are facing serious allegations such as duping investors through fraudulent practices.

    ‘Direct selling company” is a euphemistic term for multi-level marketing which is sometimes dubbed by the media as ‘pyramids’.

    In a statement issued in Mumbai, Zaheer Merchant, Director of Corporate Affairs from Qnet, says, “Qnet has no shell companies in India as has been alleged. We operate through a fully Indian company that has the franchise right to the Qnet brand." Even though they have tried to distance themselves from operations in India, it seems like they have put their foot in the mouth due to this statement issued by them.

    QNet, the company which is in the middle of the controversy, is owned by Vijay Eswaran, the biggest shareholder of Asia Capital PLC, Sri Lanka’s largest investment bank listed on the Colombo Stock Exchange (CSE).

    The Mumbai Police has so far arrested nine team leaders of the QNet for allegedly duping investors by offering to sell products like magnetic disks, herbal products and holiday schemes through fraudulent practices. QNet, according to Indian media, has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors. The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.

    The Sri Lankan Central Bank has already described QNet (formerly GoldQuest) as a pyramid scheme. About six years ago they operated a multi level marketing scheme under Gold Quest banner, but due pressure from Sri Lanka Central Bank, they were forced to close shop. In addition to the Sri Lankan Central Bank, Australian Politician Cameron Thompson, the Nepalese Home Ministry and the Iranian Government have also leveled the same allegation against the company.

    The Indian development is very intriguing; in this statement Merchant seems to have got his facts into a twist, by the statement “we operate though a fully Indian Company…” – what is Qnet up to? Isn’t he admitting to this entity vicariously having a connection to the Mother company (Qnet) and thereby Vijay Eswaran – is the question!

    According to the statement issued by Merchant, QNet was established in 1998. “Today, it has more than 60 lakh distributors and customers around the world with product sales in 100+ countries, 25 worldwide offices and agencies and more than 50 stockists,” the statement says. The next question is whether Sri Lanka is also on the list?

    As Forbes magazine describes, Eswaran is the 50th richest man in Malaysia. In Sri Lanka, his total investments in the stock market amount to to Rs. 3.6 billion. Eswaran’s grandfather was a Jaffna Tamil who later migrated to Malaysia. His wife is a Sri Lankan who was born and grew up in Colombo. He owns 87% of the Asia Capital shares. What else are his stakes in Sri Lanka, “shell” or otherwise – is another mystery!

    jitu moni

    6 years ago

    http://www.fbi.gov/scams-safety/fraud

    Pyramid Schemes

    As in Ponzi schemes, the money collected from newer victims of the fraud is paid to earlier victims to provide a veneer of legitimacy. In pyramid schemes, however, the victims themselves are induced to recruit further victims through the payment of recruitment commissions.

    More specifically, pyramid schemes—also referred to as franchise fraud or chain referral schemes—are marketing and investment frauds in which an individual is offered a distributorship or franchise to market a particular product. The real profit is earned, not by the sale of the product, but by the sale of new distributorships. Emphasis on selling franchises rather than the product eventually leads to a point where the supply of potential investors is exhausted and the pyramid collapses. At the heart of each pyramid scheme is typically a representation that new participants can recoup their original investments by inducing two or more prospects to make the same investment. Promoters fail to tell prospective participants that this is mathematically impossible for everyone to do, since some participants drop out, while others recoup their original investments and then drop out.

    Tips for Avoiding Pyramid Schemes:

    Be wary of “opportunities” to invest your money in franchises or investments that require you to bring in subsequent investors to increase your profit or recoup your initial investment.
    Independently verify the legitimacy of any franchise or investment before you invest.

    The Kingslayer

    6 years ago

    QNET is just a pyramid scheme. It's not really an MLM company but simply pretending to be one.

    With QNet, sales are not the main goal. The main goal is to recruit more members which is what F2 is. The products are just a cover for the exorbitant initial investment.


    That's right, sales are made only because prospective members are forced to buy a product if they want to join.

    See Video Evidence: Join QNet by purchasing a product.
    http://qnetexposed.com/wp-content/upload...


    Now why would people in developing nations (which is where QNet has its fangs) or anywhere for that matter, spend their savings on the most worthless of phoney products, stuff that would otherwise fail to draw interest even when given away for free?

    It's because they are promised riches beyond their wildest imaginations if they do so.

    So signup by purchasing the most expensive product, and you gain the highest earning potential in return because you're given so many more Tracking Centers. Oh, and you also self qualify!

    See Video Evidence: You are not paying for a product, you are paying for an Opportunity.
    http://qnetexposed.com/wp-content/upload...


    And for all those people out there who deny that QNet is a pyramid scheme, you're either under a grave misapprehension, are utterly deluded or are extremely conniving individuals who lack even a single fiber of moral integrity.

    See Video Evidence: This gem of a video exposes QNet's modus operandi. Recruitment!
    http://qnetexposed.com/wp-content/upload...


    Lastly, a pyramid scheme is a scheme that requires an exponentially increasing amount of members to enroll by bringing in a sizable investment. The investment brought in by these newer members is then used to pay commissions/interest to the older ones.

    Just because a conventional company's hierarchy tapers as you go higher doesn't make it a pyramid scheme.

    Remember, pyramid schemes do not generate any value or income. The money brought in by ever increasing hordes of recruits is circulated amongst the older ones. So if the recruitment stops, the scheme goes bust.

    The pyramid scheme by Bernie Madoff ran successfully for 3 decades before it finally collapsed like a house of cards. And at the time it went bust, there was about $36 million invested into it. So don't think QNet has stood the test of time or is too big to burst like a bubble.

    jitu moni

    6 years ago

    http://timesofindia.indiatimes.com/india...

    QNet case: Police ask bank to freeze Ferreira’s account

    MUMBAI: The economic offences wing (EOW) probing the Rs 425-crore QNet cheating case on Tuesday wrote to a bank asking it to freeze former billiards champion Michael Ferreira's account. Ferreira (75), who was questioned by the EOW for two hours on Tuesday, also deposited his passport.

    A court hearing Ferreira's anticipatory bail plea had directed him to appear before the EOW between January 27 and 31.

    The police said Ferreira holds 80% shares of Vihaan Direct Selling. "We want to know how he came in touch with Vihaan. He said he got commission by working for it," said an officer. When asked about his source of income, Ferreira reportedly said he wrote columns in newspapers and appeared as commentator on TV shows.

    Police suspect that Ferreira was part of a binary scheme that started a business in India.

    A PR firm, on behalf of Ferreira, said he responded to all queries and will continue to cooperate with the probe. "He maintained that the cheating and other charges against him are baseless. He is only an investor in Vihaan and had no executive role to play," the statement said.

    jitu moni

    6 years ago

    http://timesofindia.indiatimes.com/india...

    MUMBAI: Three weeks after the city police issued a look out circular against former World Billiards Champion Michael Ferreira in connection with the cheating case by firm, QNet, Ferrera on Monday appeared before the economic offences wing (EOW) officials who recorded his partial statement. He has been called tomorrow again.

    Ferrera, 75, was in the EOW office for nearly two hours. "Our officers spoke to Ferrera about several things related to the case. As per the court instructions, he will be depositing his passport with us tomorrow. We have not started the attachment of properties yet," said Rajvardhan Sinha, additional commissioner of police, EOW, indicating the attachments may begin in the next two to three days. The QNet cheating case, as per police record, has crossed the figure of Rs 425 crore.

    The Sessions court, which is hearing Ferrera's anticipatory bail application, directed him to appear before the investigators between January 27 and January 31. Hearing for his bail application is scheduled for January 31. Police suspect Ferrera was part of a binary scheme that started a business in India. A Mumbai resident, Gurpreet Singh Anand, first filed an FIR against the firm for cheating. After Ferrera failed to turn up for questioning as per a police summon, the police issued a look out circular notice against him and several others in Janaury 2. Ferreira, who was away in Malayasia, said he could not appear before the EOW earlier as he was undergoing treatment in Malaysia.

    Ferreira is a share-holder in the QNet, accused of duping investors by offering to sell magnetic discs, herbal products and holiday schemes allegedly through fraudulent practices. Till today, nine persons have been arrested in the QNet cheating case. The accused have been charged with booked for forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.

    Ferrera, through his PR firm, dismissed the insinuation that he was trying to evade the law and said. "I came back to India the moment doctors cleared my trip. Therefore, there is no question of me not coming to answer the investigators," said Ferrera in a press statement.

    jitu moni

    6 years ago

    http://www.thehindu.com/business/Industr....
    Over three weeks after a lookout notice was issued against him, former World Billiards Champion Michael Ferreira was on Monday grilled for nearly two hours in connection with the alleged Rs 425 crore scam involving multi-level marketing firm QNet.

    Accompanied by his lawyer, 75-year-old Ferreira turned up before the Economic Offence Wing (EOW), following Wednesday’s directive by a sessions court to present himself for questioning on Monday.

    The court, which is hearing his anticipatory bail plea, had also granted him interim protection from arrest till January 31, when his application would be taken up again.

    Emerging from police headquarters after questioning, Mr. Ferreira said, “I was not missing and came here to co-operate with the ongoing investigation.”

    Mr. Ferreira, who was away in Malayasia, said he could not appear before the EOW earlier as he was undergoing treatment but refused to disclose the nature of his illness.

    Responding to reporters’ questions, Mr. Ferreira trashed suggestions that he had been trying to acquire foreign citizenship.

    “I have not applied for any citizenship abroad, these are wrong reports. I have given all my years for this country, why should I apply for citizenship abroad. I am a proud Indian,” he said.

    The ace cueist will be called for questioning again in the next few days, an EOW officer said.

    Mumbai Police had on January 2 issued a lookout notice against Mr. Ferreira after he failed to appear before them despite summons in the second week of December asking him to turn up and explain his association with the company.

    Mr. Ferreira is a share-holder in the company accused of duping investors by offering to sell magnetic discs, herbal products and holiday schemes allegedly through fraudulent practices.

    QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to lure investors. The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.

    Mr. Ferreira had earlier denied any wrongdoing and also defended the controversial company.

    In his anticipatory bail plea, Mr. Ferreira said the complaint did not show commission of any offence by him.

    While claiming no specific role has been attributed to him, Ferreira said a case under section 420 of IPC (cheating) is not made out against him and he has not deceived the complainant.

    He had said any offence under sections of Prize, Chits and Money Circulation Schemes (Banning) Act also can not be made against him as he did not promote or conduct any prize chit or money circulation scheme.

    The EOW has arrested nine team leaders of QNet in connection with the alleged scam so far.
    Reply »Link » Rep

    REPLY

    gurupreet

    In Reply to jitu moni 6 years ago

    He continued the earlier charge sheeted scam of questnet by floating a new company called Vihaan in which he owns 80% shares...formed Team Faith to cheat citizens of India. His son, daughter in law and others actively promoted the whole scam in my country..how is he not involved?

    The Kingslayer

    6 years ago

    @Mohit Kalya (and the puppeteers pulling his strings)

    You continually prove yourself to be nothing more than a scum-sucking bottom-feeding lowlife huckster, driven by greed and money.

    The only ones running are your uplines and leaders. You seem to have forgotten about your CEO, Suresh Thimiri. Why don't you read his ABA application above.
    Specifically where it says:
    " * The Applicant herein is the victim of fraud perpetuated by the Complainant
    * The applicant does not hold any sort of relation neither with the Company nor it's representatives against whom the Complaint has been lodged..."

    YOU MOHIT, ARE A CRIMINAL WHO PREYS ON GULLIBLE FOLK. JUST BECAUSE YOU DO SO WITH A SMILE ON YOUR FACE DOESN'T MAKE YOU ANY LESS OF A DEGENERATE.


    Video: Join QNet by purchasing a product.
    http://qnetexposed.com/wp-content/upload...

    Video: You are not paying for a product, you're paying for an Opportunity.
    http://qnetexposed.com/wp-content/upload...


    THIS IS A GEM OF A VIDEO THAT EXPOSES QNET's MODUS OPERANDI
    http://qnetexposed.com/wp-content/upload...

    REPLY

    gurupreet

    In Reply to The Kingslayer 6 years ago

    :) T K

    jitu moni

    In Reply to gurupreet 6 years ago

    12.55 pm: Former world billiards champion Michael Ferreira appears before the Mumbai Police's Economic Offences Wing for questioning over QNet scam.

    gurupreet

    6 years ago

    When i got arrested in this Bogus and False case because of the bribes paid by QNET i remembered Sheetal Sathe, for people who do not know who she is i am posting some info about her :)

    Sheetal Sathe (Marathi: शीतल साठे) is a folk singer, poet, and Dalit rights activist from Pune, Maharashtra, India. She rose to prominence within Maharashtra as one of the lead singers of the troupe Kabir Kala Manch in the mid-2000s.
    In May 2011, a crackdown by the Anti-Terrorism Squad on musicians and poets accused of promoting Maoist or Naxalite ideology led to Sathe and other members of Kabir Kala Manch going into hiding.[1] [2] She and her husband Sachin Male, also a member of Kabir Kala Manch, surrendered to the police on April 2, 2013 in Mumbai, while maintaining that they were innocent of charges.[3] But in spite of her pregnancy, Sheetal, along with her husband, were denied bail immediately and again on June 4th, 2013 by the Mumbai Sessions Court.[4] [5] Finally she was granted bail by the Bombay high court on June 28, 2013 on humanitarian grounds.[6]

    Below is a very good song sung by her regarding the ideas and thoughts of Bhagat Singh..

    http://www.youtube.com/watch?v=lNk-z01IL...

    Original Lyrics:

    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein
    Har ek lahu ke katre mein
    Inquilab ke naare mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    Tu yeh to tab hi bola tha
    Yeh azadi nahi dhokha hain
    Yeh pure mukti nahi hain, yaaro
    Goro ke sang saoda hain
    Is jhute jashan ki rounak mein
    Phanse huye kishano mein
    Roye huye jawano mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    Itihas mein bhi hum bhukhe the
    Aur aaj bhi thokar khate hain
    Jis Khadi par rakkha bharosa
    Who aaj bhi dhokha dete hain
    Koi Ramnam Bol Har pukare
    Aaj bhi janey lete hain
    Ab yaad hain Bhagta teri aati
    Aag lagi hain sine mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    Andhero ka yeh takht humey
    Taquat se ab thukrana hain
    Har saans jaha legi udan
    Us lal subah ko lana hain
    Shaheedo ki raha par mar mitne ki
    Krantikaree umidon mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    Inquilab Jindabad
    Vande Matram

    jitu moni

    6 years ago

    http://www.mca.gov.in/Ministry/pdf/Lok_s...
    GOVERNMENT OF INDIA
    MINISTRY OF CORPORATE AFFAIRS
    FRAUD PREDICTION MODEL
    (a) & (b) The Ministry is in the process of developing
    an early warning system (EWS) to identify and prevent
    potential frauds.
    A Committee of technical experts
    has recommended a framework for developing such system. The recommended framework is under consideration of the Ministry and it is proposed to pilot t
    est the system recommended during the current financial year.
    (c)Details of cases investigated by SFIO in the last three years and the current
    year are enclosed at Annexure-A.
    (d) On the basis of recommendations made by the
    SFIO in its investigation reports,Government has been according sanctions for filing prosecutions under the Companies Act,1956 and the Indian Penal Code 1860; referring cases for
    disciplinary action against professionals to the professional institutes concerned;and sharing report
    s with various regulators/ enforcement agencies, such as
    Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), Income
    Tax Department, Enforcement Directorate (ED), etc.,for taking appropriate action of violations pertaining to their
    respective statutes.
    (e)The Government has taken several measures to check frauds by unscrupulous
    companies, such as:
    (i)Induction of technology to improve methods of investigation, including
    setting up a Forensic Lab within SFIO premises.
    (ii)Signing of a Memorandum of Understanding by SFIO and the Ministry with the ‘Financial Intelligence Unit–India(FIU-IND)’,an agency under the
    Ministry of Finance for exchange of information relating to suspicious
    banking transactions;
    (iii)Organising investor awareness programmes in association with professional institutes and other regulators, enforcement agencies and using the electronic media for sensitizing investors of the dangers of fraudulent financial schemes;
    (iv)Strengthening of Inter-agency coordination with the recent decision to set up Inter-Ministerial Group with members from Ministry of Corporate Affairs,Department of Financial Services, RBI and SEBI with a view to speedily deal with fraud by unscrupulous companies;
    (v)Incorporation of a provision in the Companies Bill to give SFIO statutory status to enable the organisation to more comprehensively investigate
    corporate fraud
    Names of companies in which investigations completed and reports submitted by SFIO during the last three years and the current year.
    2012-13 2013-14
    16 M/s Goldquest International Pvt. Ltd.
    17 M/s Questnet Enterprises India Pvt. Ltd.

    gurupreet

    6 years ago

    Whistleblower protection refers to laws and policies meant to protect anyone who exposes alleged wrongdoing. The wrongdoing might take the form of fraud, corruption or mismanagement.
    As of December 2013, India does not have a law to protect whistleblowers; however, Whistle Blowers Protection Bill, 2011 was approved by the Cabinet of India as part of a drive to eliminate corruption in the country's bureaucracy[1][2] and passed by the Loksabha on 27 December 2011.[3] The Bill is still pending before the Rajyasabha.

    There have been multiple instances of threatening, harassment and even murder of various whistleblowers.[4][5]
    An engineer, Satyendra Dubey, was murdered in November 2003; Dubey had blown the whistle in a corruption case in the National Highways Authority of India’s Golden Quadrilateral project.[6]

    Two years later, an Indian Oil Corporation officer, Shanmughan Manjunath, was murdered for sealing a petrol pump that was selling adulterated fuel.[7][8]

    A Karnataka official SP Mahantesh, said to be a whistle-blower in controversial land allotments by societies was murdered in May 2012. Mahantesh was working as Deputy Director of the audit wing in the state’s Cooperative department and had reported irregularities in different societies involving some officials and political figures.[9]

    A senior police officer alleged that Mayawati's government was corrupt and had embezzled large amounts of money. Shortly thereafter, he was sent to a psychiatric hospital.[10]

    Activists are seeking a quick passage of the Whistleblowers Protection Bill in Parliament. The demands are that a law should be framed to protect whistleblowers, facilitate the disclosure of information and uncover corruption in government organisations.[5]

    The fight for passing of whistle blower protection act, Judicial Accountability Bill and other laws will continue...

    https://soundcloud.com/hashiya/aye-bhagat-singh-tu-zinda-hai

    https://soundcloud.com/hashiya/isliye-raah-sangharsh-ki-hum-chunen

    Jai Jai Matram
    Gurupreet

    gurupreet

    6 years ago

    Hello Friends,

    Is this the first time..that whistle blowers have been targeted by lodging false and bogus cases against them?

    Even the court saw that no wonder i got BAIL within minutes.

    The last time a young guy stood against QUESTNET in chennai he was put behind bar for approx 72 days...

    Parents of One guy in North India were threatened that if his son did not keep quiet he would be arrested in false case filed by his ex-GF..

    This was bound to happen and i was anticipating something like this..but the fight will continue..

    Now i have been threatened saying false case of rape/molestation will be filed against me soon..

    I am going to expose the corruption in oshiwara police station soon by sitting on a dharna in front of the police station..

    Vande Matram
    Gurupreet

    gurupreet

    6 years ago

    Hello Friends,

    There is a news story floating around regarding a BOGUS and FALSE complaint filed against me by some of my family members.

    Before i answer those allegations (though this is not the correct forum) but since it has been posted here and is being spread by QNET Cronies..I need to answer them.

    Ironically when the whole battle started this was expected..lee me tell you why...

    1. When one guy like me had stood up against QUESTNET in Chennai 4-5 years back he was put behind bars for 72 days on various false and bogus charges..but he continued

    to fight and as a result QUESTNET WAS CHARGE SHEETED.

    2. I have a LONG standing property dispute in my family (as is common in all joint families in India) and at that time police/goondas/mla/MP (who was also the Union Law Minister) at that time went behind me BIG time. It was during this fight that i un-covered the Amnesty Scheme SCAM, Stamp paper SCAM etc by filing RTI applications...When i did not succumb to all this pressure..BOGUS and FORGED documents were prepared by my Sister and Brother in

    Law and property worth more then 20 Crore was grabbed and transferred which rightfully belonged to me.

    3. When i reported all these offences to Oshiwara Police Station, They refused to take any action and because of that me,my wife and my children had to sit at DHARNA several times outside oshiwara police station.

    4. Since last 5 years this fight against injustice continued and i lost my well established business to the corrupt system and that is the time me and my wife became active with India Against Corruption organisation and did what ever we could in the fight to get the Lok Pal Bill passed.

    5. After courts intervention Oshiwara Police station had to file a FIR against my these same family members and they were all arrested and the forged documents were send for forensic reports. The FSL reports stated clearly that all these documents were forged and bogus and hence a charge sheet was filed against My Sister (Treasurer of the society where i stay in), Brother in Law (Who claims to be suffering from several lfe threatening sexual disease and terminally ILL),Father (Managing
    Commitee Member of the society where i stay in), The Secretary of the society (Who had prepared all these BOGUS documents) and the Chairman of the society (With whom my father and sister are friends and have commercial Transactions).

    6. All these people connived and transferred my property which i had earned through hard work since last 20 years and handed it over to my sister and brother in law.

    7. Since all this it was a natural thing that these people were looking for a chance to attack me.

    8. I was threatened several times by the ex senior inspector of oshiwara Mr. Dileep Rupwate that he will get me implicated in false and bogus cases(Of which i have

    evidence).

    9. After the registration of my FIR against QNET at oshiwara police station many officers were behind me "To settle" the QNET matter but i refused and these senior officers were having a GRUDGE against me for giving up such a strong fight to QNET every where.

    10. Here let me tell you about my self, my age is 40 Years born and brought up here in Mumbai. Till date i have had no criminal cases against me.

    11. About the incident, oh yea..my father a old man having one of the most controversial life times happened to slip on the bath room stairs one morning (because of his health issues) and i like any good citizen went ahead to help him get up and he started abusing me. Then he saw that he had a minor cut on his fore head and saw this as a chance to get me caught some where and he called up on 100 and reported a false statement saying that "My SOn has hurt me". On hearing this i went to the police station my self and reported everything to the police and they told me not to worry as they knew everything about my dispute with my father, i sat there for 2 hours and then left for my work.

    12. After some time i started staying with one of my friend who has paralysis as i was getting constant threats from oshiwara police station people telling me to keep quite and settle the QNET thing to which i refused and there after they registered a FALSE AND BOGUS FIR against me.In whose pressure and money/political power this
    was done can be understood by easily. Commom guys i am fighting QNET the GIANT, would they spare a opportunity to get me stuck?

    13. Here it is interesting to note that since that time every day i go to attend court matters/EOW regarding the QNET matter at around 8 AM in the morning and come back at around 12 in the night and been staying just a few meters away from the Oshiwara Police Station. If they really wanted to arrest me they could have had done so easily in last 60-70 days.

    14. Many people were i stay in Lokhandwala are members of QNET and also friends with my sister and these people started keeping a track of me, my wife and children daily due to which i had to stop meeting them also. Professional spy/detective agencies have been recruited who keep a track of my whole family.

    15. Why was arrested on the 23 of January 2014? Yes that is the story...On 23 rd of January, two crucial matters for de-freezing of bank accounts of shell companies of QNET were listed, One in Bombay High Court and the Other in Killa court with a total value of approx 100 crores. In the Killa Court matter 23rd was fixed as the date for final hearing on my intervention application. The motive was also to stop me from reaching Killa Court and also bangalore, where QNET has filed a case of injunction against me and my wife.

    16. Officers of Oshiwara Police station acting on behalf of QNET picked me up from chruchgate area outside Bombay High Court with the only objective being to stop my appearance in the Killa Court and with out any arrest warrant or anything pushed me into a taxi and abducted me to oshiwara police station. Why pick me up from outside Bombay High Court...when every night i am in Lokhandwala a stones throw away from Oshiwara Police Station?

    17. I messaged several of my friends and they reached Oshiwara Police Station before me and after seeing that they have been caught on the wrong foot the officers of oshiwara police station took me to andheri court and here i was granted bail immediately.

    18. As you know i had restarted my own restaurants 3 years back and had to close them after registering of my case against QNET as police aided and abetted the forced closure of my restaurant and since then me and my family including my wife and two children (one who is a special child) have been suffering heavily financially and what ever life savings i had i used it in my fight against QNET.

    19. Because of financial constraints and technical problems the bail surety could not be furnished on time, hence i had to spend some time in lock up till the bail surety was put on record.I am not ashamed of it as Mahatma Gandhi said, "One should go to jail once in a life time", and if i went to jail to stop the QNET SCAM FROM BLEEDING MY NATION i am proud of it.

    20. This was expected, i have had given so many slaps to QNET and it was expected they will use thier money power to get me stuck in false and bogus cases, Here i would mention that this might happen in future also and more BOGUS cases may be filed against me, BUT THE FIGHT WILL CONTINUE.

    21. It is also interesting to point out the three media companies that took interest into this small and petty case of 324/IPC. One of them glorifies QNET indirectly by
    calling QNET as a "Direct marketing agency", the other channel which never carried QNET covergage till date (I am aware of the resons) and the other news paper whose journalists went to malaysia on a paid trip (This news paper also SAT on the michael feriera angle for more then one month and did not give me the original complaint back so that no one else could also print it and also tried to KILL the MF story). But where there is WILL, there is a WAY and it all got exposed

    22. It is really surprising that the QNET advocates took such a special interest in a small time case of 324/IPC registered against me and the best part is that EOW and higher officers were all aware of it but did not intervene or try to help me or my family. It is obvious that there is a tremendous political pressure on the mumbai police to stop correct investigation and just do a name sake investigation.The only reason i kept quite about what was going on with me and my family was that i did not want to wash my private linen at a public forum and also i did not want any victims of QNET to feel de-motivated. That is the reason in spite of suffering so much i always talked positively to whom so ever who called me and tried to help them as much as i could.

    22. I say that i will continue this FIGHT AGAINST QNET SCAM TILL THE LAST BREATH OF MY LIFE.

    23. There is a eminent danger to the well being of my immediate family. I say that there is a HIGH chance that i will be killed very soon.

    This is a short statement from me and i am filing a detailed complaint with the CP-Mumbai (I know no action will be taken though because political/money pressure as set in on Mumbai police), never the less...the fight will continue..till i can..hope they kill me soon :)

    REPLY

    jitu moni

    In Reply to gurupreet 6 years ago

    Go Guru Go...All, ex-IRs, are with you all the way.Just imagine, you have managed to make all the Grand Uplines scared and worried,in India and Dubai,even Chief Pathman is frowning in his video.The company falls foul of the direct selling legislation in India and IDSA have rightly denied membership to Qnet.

    SCAM BUSTER

    6 years ago

    Goodbye Qnet!RIP!

    Mohit Kalra

    6 years ago

    In any complaint what is most important are the facts behind the complaint, motivation of the complainant and then of course the credibility /mental state of the complainant.
    For months now Gurupreet Singh Anand has claimed to be the saviour of the nation and is promoting himself as the vigilante trying to save the nation from foreign forces of capitalism (sic). And now what has happened yesterday clearly demonstrates the mental state /credibility of this person. He was arrested yesterday by the Mumbai Police for beating up his own father with an iron rod and then leaving him lying on the ground while his old father was bleeding profusely. Someone who beats his own old parents is in my opinion, lower than the scum of the earth and deserves the worst. This man is obviously sick in the head and needs urgent medical help, but that should happen after the police are through with him. Please note that the complaint against him was filed by his own father, who went with his daughter who is Gurupreet’s own sister to file the complaint with the Police. Imagine the level of their helplessness that they took the drastic step of filing a police complaint against their own son and brother in a country where parents have been known to defend their children for practically everything. Obviously it was not triggered by this one incident but was a result of years of depravation and craziness that they have faced at his hands. For Gurupreet there has been a long history of such incidents including many years of drug abuse. And this is the person who on this site, media and otherwise has been taking the high ground on morality and right vs wrong (sic sic).

    This incident also begs the question to be asked that under what circumstances and pressure would his wife have been forced by him to re-file the complaint against QNet that she had withdrawn months earlier. We truly feel sorry for his family for what they have been going through for so many years.

    And this incident would obviously force his backers who are using him as a front to revaluate their poster boy because they obviously missed their mark in choosing this Singh as the front for their attack on QNet. Guess, its time for them to find a new face who is willing to openly lie and construe imaginary tales on their behalf to malign and try and harm a great company. What say Madam… have you already had that emergency call with your backers for whom you are leading this front? Yes even Madam is a front! And of course now all the “insiders” and opportunists are also running and hiding and ditching the ship as they backed the wrong person.

    Some hard questions my dear QNet detractors.... Time to run... Your so called Captain is not only a nut case but also can beat you up with an iron rod tomorrow... Get a life guys.... Seriously.... The party's over.... Today is Saturday, enjoy the weekend and get back to your serious jobs (if you have any) on Monday morning.... Desh hum bachaa lenge......

    jitu moni

    6 years ago

    http://www.business-standard.com/article...
    The Economic Offence Wing of the Mumbai police today grilled actor Boman Irani's son Danesh in connection with the Rs 425-crore QNet case.

    "We questioned Danesh and his statement was recorded," an officer from EOW said.

    Complainant Gurupreet Singh Anand, who had filed an FIR against the QNet in August last year, had earlier approached Mumbai Police's Economic Offences Wing (EOW) with a two-page complaint giving the details of alleged links of Danesh with the scheme.

    In the written complaint, he had alleged that Danesh promoted and propagated the scheme along with his father Boman, though according to police the actor is not the member in the scheme.

    Mumbai police has also frozen Danesh's bank account, blocking his Rs 25 lakh.

    The EOW has so far arrested nine team leaders of QNet for allegedly duping investors by offering to sell products like magnetic disks, herbal products and holiday schemes through fraudulent practices.

    QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors.

    The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.

    jitu moni

    6 years ago

    http://indianexpress.com/article/enterta...
    Mumbai Police issued summons to Bollywood actor Boman Irani’s son in connection with a case involving multi-level marketing firm QNet. Danesh Irani, associated with the Malaysia-based direct selling firm accused of duping investors, has been told to appear before investigators on Friday for questioning.

    “We have summoned Danesh to appear before us on January 24,” Rajvardhan Sinha, Additional Commissioner of Police (EOW), told PTI.

    Recently, EOW froze Danesh’s bank account, which had Rs 25 lakh. A scrutiny of Danesh’s bank account has revealed that about Rs 40 lakh had been received by him from QNet in 2013, police said.

    Police wants to ascertain his role in QNet’s marketing schemes and commissions paid to him, among other things.

    One Gurupreet Singh Anand, who filed an FIR against QNet in August last year, recently approached EOW with a two-page complaint giving details about Danesh’s suspected role in the case. Gurupreet has also alleged that Boman and former world billiards champion Michael Ferreira had participated in the company’s promotional events.

    EOW has already issued a look out notice against Ferreira (75), QNET founder Vijay Eswaran and his three business associates after they failed to turn up for questioning despite being summoned.

    EOW has arrested nine team leaders of QNet so far for allegedly duping investors by selling products like magnetic disks, herbal products and holiday schemes through fraudulent practises. QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors.

    The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978. QNet has denied any wrongdoing.

    SCAM BUSTER

    6 years ago

    http://ibnlive.in.com/news/mumbai-court-...

    Mumbai Court orders Ferreira to return to India, join QNet scam probe

    Mumbai: A Mumbai Court on Wednesday ordered former World Billiards Champion Michael Ferreira to return to India by January 27 and join the investigation in the Rs 425 crore QNet scam.
    Ferreira has been granted interim relief till January 31 and asked to appear before the Economic Offences Wing (EOW) which is probing the case.
    ALSO SEE Mumbai Police issues lookout notice against Michael Ferreira in Qnet sccam
    He has also been asked to surrender his passport and not leave the country without the court's permission. Ferreira had applied for anticipatory bail.
    Mumbai Court orders Ferreira to return to India, join QNet scam probe
    QNet has been accused of using the banned binary-pyramid business model for their multi-level marketing schemes to attract investors.

    The Mumbai Police Economic Offences (EoW) Wing had issued a look out notice earlier this month after Ferreira failed to turn up for questioning despite repeated summons.
    QNet has been accused of using the banned binary-pyramid business model for their multi-level marketing schemes to attract investors. The company operated in India through its official franchisee Vihaan Direct Selling Private Limited.
    Over 12 lakh investors in India are believed to have been duped by the multiple companies that have used Michael Ferreira's name.

    jitu moni

    6 years ago

    Read the blog of another normal soul turned Qnet Guru preaching this illogical, illegal and unethical business
    http://thesolutionbaba.wordpress.com/

    gurupreet

    6 years ago

    Cheap Pathman SameShit-Raja had in videos messages spoken about more "Media Focus" since nothing came forward from Qnet...here is a little bit of more contribution from our side...

    Enjoy Q ;)

    Bank accounts of Danesh Irani son of Boman Irani FROZEN for indulging and promoting the illegal money circulation scheme of QNET.

    It is a message to the remaining active IR,s of QNET, tomorrow your homes, cars and assets will be frozen...give up the SCAM NOW !!

    http://timesofindia.indiatimes.com/india...

    http://www.dnaindia.com/mumbai/report-qn...

    http://freepressjournal.in/daneshs-accou...

    http://indianexpress.com/article/india/i...

    http://indianexpress.com/article/cities/...

    http://www.deccanherald.com/content/3803...

    http://www.financialexpress.com/news/rs-...

    http://news.outlookindia.com/items.aspx?...

    http://timesofindia.indiatimes.com/india...

    http://articles.timesofindia.indiatimes....

    gurupreet

    6 years ago

    QNet scam: Cops freeze Danesh Irani's bank account

    MUMBAI: Mumbai Police, probing the alleged role of Danesh Irani, son of actor Boman Irani, in the Rs 425-crore scam allegedly spearheaded by a multilevel marketing firm QNet, has frozen his bank account, blocking his Rs 25 lakh, a senior police officer on Monday.

    The bank account of Danesh has been frozen, the officer told PTI adding that, "Two fixed deposits were linked to his bank account. Cash and FDs collectively valued at Rs 25 lakh were found in the account."

    The scrutiny of Danesh's bank account revealed that about Rs 40 lakh had been received from QNet (over a period of time) in 2013, the officer added.

    "We are verifying to ascertain as to what sort of job he had performed, for which the QNet paid him about Rs 40 lakh," the officer said adding that Danesh would be summoned soon.

    Complainant Gurupreet Singh Anand, who had filed an FIR against the QNet in August last year, has recently approached the probing agency, Mumbai Police's economic offences wing (EOW), with a two-page complaint giving the details of alleged links of Danesh.

    Gurupreet has also alleged that Boman Irani and former world billiards champion Michael Ferreira had participated in the promotional events.

    Gurupteet had claimed that he shared Danesh Irani's QNet membership details with the investigators and his account had shown that he carried out Rs 18 crore worth transactions and because of which he received substantial amount of commission.

    The EOW has already issued a look out notice against Ferreira (75), QNET founder Vijay Eswaran and his three business associates after they did not turn up for questioning despite the summons served to them.

    The EOW has arrested nine team leaders of QNet so far for allegedly duping investors by selling products like magnetic disks, herbal products and holiday schemes through fraudulent practises.

    QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors.

    The accused were charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.

    The Malaysia-based MLM firm has denied any wrongdoing. The lookout notice is a circular issued against a person when he/she is wanted by police either for questioning or for the purpose of arrest in any case.

    It is circulated at all immigration checks at international borders (like airports/sea ports) and as soon as the person is spotted, the authorities concerned are notified.

    http://timesofindia.indiatimes.com/india...

    gurupreet

    6 years ago

    Actor Boman Irani's son to be summoned in QNet case

    MUMBAI: The city economic offences wing (EOW) officials said that actor Boman Irani's son, Danesh, received commission from QNet, a private firm, and that they would summon him for interrogation soon.

    The EOW is probing a cheating case against QNet, a multi-level marketing firm. Last week, Gurupreet Singh Anand, the complainant in the case, filed an application with Rajvardhan Sinha, additional commissioner of police (EOW), urging the police to probe the role of Danesh and his father.

    "Danesh has been active in QNet since 2006-07," said an investigator. The police have frozen the firm's independent representatives' (IRs) bank accou- nts that contain more than Rs 120 crore. Sinha said his officers were collecting more information about the other accused.

    The police last week issued look-out circular against several persons in the case, including Michael Ferreira, winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, Vijay Eshwaran, Dev Wadhvani, Sachin Gupta and Srinivasrao Vanka.

    QNet's public relations firm did not respond to TOI's queries.

    Ferreira (75), a shareholder in the Indian franchisee for QNet-Vihaan Direct Selling (VDS), through an email communication to his PR company, said, "I have been in Malaysia for a few tests and medical treatment to address some of my long-standing ailments and health issues. I have spent most of my life building my reputation and serving India on various platforms, including sports and public service, so I find it ridiculous that anyone would say that I am trying to avoid or run away from my responsibilities and from cooperating with the EOW." He did not mention any date for his return. The email said Dev and Sachin never received summons; they are IRs of QNet in Hong Kong and Dubai.

    http://timesofindia.indiatimes.com/city/...

    Comment: EOW should also follow up and investigate Boman Irani including other influential people for promoting this illegal money circulation scheme. I know there is immense pressure on the EOW but still this is the time to stand up and support our nation then to fall into these pressure tactics of traitors of India.

    jitu moni

    6 years ago

    Complaints are pouring in, a fact accepted even by ACP Mumbai Police. Read his interview and a dashing filmi blowup of Guru :-) http://www.mid-day.com/news/2014/jan/030...

    The Kingslayer

    6 years ago

    To anyone who wants to defend QNet. What do you have to say about this?

    "In the next 5 years all you have to do is YOU NEED TO BUILD A NETWORK of 12,000 people on the left and 12,000 people on the right and you make USD ONE MILLION."
    -Sathi Senathirajah, V Partner.

    http://youtu.be/Uopi-wf09LM?t=1m51s

    This clearly illustrates that recruiting people is the goal.

    SCAM BUSTER

    6 years ago

    Boman Irani in Qnet scam

    http://m.youtube.com/watch?v=9bWdIt1XXNY...

    SCAM BUSTER

    6 years ago

    Mumbai Police EOW get complaint against Boman Irani son in Qnet scam

    http://daily.bhaskar.com/article/MAH-MUM...

    gurupreet

    6 years ago

    There are seven types, colour-coded by their function: red, blue, green, yellow, black, orange, and purple. The most well-known notice is the Red Notice which is "the closest instrument to an international arrest warrant in use today."[2][3]

    An Interpol notice is an international alert used by police to communicate information about crimes, criminals and threats to their counterparts around the world. They are circulated by Interpol to all member states at the request of a member or an authorised international entity. The information disseminated via notices concerns individuals wanted for serious crimes, missing persons, unidentified bodies, possible threats, prison escapes and criminals’ modi operandi.[1]

    Source: http://en.wikipedia.org/wiki/Interpol_no...

    gurupreet

    6 years ago

    Mumbai cops move court to issue red-corner notice against Michael Ferreira in land-grab case

    Matters seem to be getting worse for former world billiards champion Michael Ferriera, with the Gorai police moving the Borivli metropolitan magistrate court to issue a red-corner notice against him. This type of notice is issued by international authorities like the Interpol.

    A case of alleged land grabbing has been registered against Ferriera and a few others at the Gorai police station. Earlier this week, the Economic Offences Wing (EOW) of Mumbai police issued a Lookout Circular (LOC) against Ferriera after he failed to appear before them for questioning in the Rs425-crore QNET scam.

    According to the police, in June 2013, the Gorai police received a complaint against seven people, including Ferriera. “The complainant has alleged that Ferriera had reportedly prepared a fake power of attorney for a plot of land (belonging to the complainant) in Gorai in 2000. In 2011, Ferriera reportedly sold the plot of land to a builder for a mere Rs11 lakh, even though its market price then was close to Rs2.5 crore,” said investigating officer Gokul Patil of Gorai police station.

    After preliminary investigations, the police concluded there was a prima facie case made out. “Following this, we registered a case of cheating, forgery and land grabbing against seven suspects. So far, we have arrested two people in the case. Out of the remaining five suspects, one is dead and we are on the lookout for four others, including Ferriera,” Patil said. The Gorai police registered an FIR in the case on November 25, 2013.

    Patil further said that despite sending summons, Ferriera failed to appear before the police for questioning. “During investigation, we found out that Ferriera had left the country in August 2013 and hasn’t returned since,” Patil added.

    Fearing that Ferriera is deliberately not returning to the country in an attempt to scuttle investigations, the Gorai police moved the Borivli metropolitan magistrate’s court in the last week of December for the issuance of a red-corner notice against him.

    In a span of a few days, there have been two notices invoked against Ferriera. “An LOC is issued by Indian authorities. However, a red-corner notice is issued by international authorities like Interpol,” said senior criminal advocate Sayaji Nangre.

    “We are awaiting orders from the Borivli court. Then, we will move the higher authorities,” Patil said.

    The complaint
    According to the police, Cyril Henriques, a resident of Gorai, had alleged that his mother, Shera Mary Henriques, had bought the property in Kulwem village from Ferreira’s grandfather for Rs450 in 1935. The land was surrendered in 1953 to the complainant’s mother as per government records. Also, Ferreira’s father had given a no-objection letter regarding the same to the tehshildar in 1985.

    Read the complete story here: http://www.dnaindia.com/india/report-mum...

    jitu moni

    6 years ago

    Well Qnet is in direct selling business...so sell products nah..chuck your daily plans...like it or not..Rajasthan has come out with the legal guidelines for MLM
    http://rajind.rajasthan.gov.in/MLM_Notif...

    gurupreet

    6 years ago

    Hello Friends,

    After Vihaan and Vanamala...

    Transview office shut down...sources reporting a "To Let" board outside the Transview office..

    This is FUN...

    Happy New Yea Q..

    Regards
    Guru

    REPLY

    jitu moni

    In Reply to gurupreet 6 years ago

    Even their blog kyunqnet.com has been running cold since last september after a lot of hot outburst against Guru..

    jitu moni

    6 years ago

    Running away like a ferrari..Read folks.http://indiatoday.intoday.in/story/qnet-...

    gurupreet

    6 years ago

    Dear Friends,

    It is HIGH time we all used the power of Social Media to further this fight and take it to its LOGICAL END.

    I have formed a group on Facebook for the same, all are requested to join on this face book group and help us..the link is below...

    https://http://www.facebook.com/groups/595539437159058/

    After joining you all are requested to share the articles already posted there and also invite your friends to join this group,so we can provide some help to the victims and prevent others from falling into this SCAM..

    Do Join in :)

    Jai Jai Matram
    Guru

    gurupreet

    6 years ago

    http://www.mid-day.com/news/2014/jan/040...

    After QNet fraud, Michael Ferreira embroiled in Gorai land scam..

    An 87-year-old Bandra resident filed an FIR against him in November, for allegedly forging documents to sell off a plot that belongs to the complainant

    Padma Shri and Padma Bhushan winner Michael Joseph Ferreira has been booked by Gorai police in Malad for allegedly forging land documents. Nicknamed ‘The Bombay Tiger’, the former three-time World Amateur Billiards Champion is also busy dodging a lookout notice issued by Mumbai police’s economic offences wing (EOW) in the QNet scam case.

    On November 25, 2013 Cyril Edmond Henriques (87), filed an FIR (copy available with MiD DAY) against Michael Ferreira, Peter Herrence Ferreira, Peter Dominic Ferreira, Josh George, Mark Ferreira, Manish Babu Agrawal and Sanjay Satyanarayan Agrawal under sections 419 (cheating by personation), 420 (cheating and dishonestly inducing delivery of property), 465 (forgery), 467 (forgery of valuable security), 471 (using as genuine a forged document), 474 (knowing it to be forged and intending to use it as genuine), 447 (criminal trespass) and 120 (B) (criminal conspiracy) of IPC. Ferreira has also been accused of selling a piece of land for Rs 11 lakh, though it’s then market value was Rs 2.44 crore.

    “We have booked Ferreira in a documents forgery matter. He is wanted. Since registering the FIR, our team has visited his residence thrice, but he is not traceable,” said Deepak Bagawe, senior inspector, Gorai police station. Police sources say Ferreira could be in Mauritius.

    A retired officer from Larsen & Toubro, Henriques is a resident of Hill Road, Bandra (West). His father Elias Cosmos Henriques had bought a one-acre or 30 guntha plot (survey no 95, corresponding CTS company 110, 111, 112, 116, 117 and 3192) from Ferreira’s father in Gorai, Malad in the year 1935. Elias had purchased the property in the name of his wife, Shera Merry Henriques, for Rs 450 only. He died on May 24, 1940 and Shera on October 1, 1985.

    In 1995, Cyril Henriques discovered that someone had started illegal construction on the land. He complained to Brihanmumbai Municipal Council (BMC), and the structures were demolished. Later, Henriques came to know that Ferreira had sold the land, pretending to be its owner. Following his complaint, police started an investigation and found that Ferreira had forged the documents.

    Even on February 8, 2000, during preparing the “irrevocable power of attorney” Ferreira had shown that his brother Peter Dominic was present, and had signed on the paper. On that day, Peter was in Canada. On the basis of the alleged phony documents, Ferreira sold the plot to Manish Agrawal and Sanjay Agrawal for Rs 11,00,000, though the land’s market value then has been estimated to be Rs 2,43,60,100.

    Read the complete story here...

    http://www.mid-day.com/news/2014/jan/040...

    gurupreet

    6 years ago

    Hello Friends,

    QNET,s Cheap Pathman SameShitRajah had promised more visibility for QNET in coming days in his video messages to India 15 days back.

    We waited all these days for Cheap Pathman SameShitRajah to HIT BACK and MANAGE THE MEDIA, nothing came up...so we thought we might just as well lighten up the mood a little bit...Happy New Year Q.

    Posted below are the press releases of the Look Out Notices issued against Absconding Accused Vijay Easwaran, Michael ferreira, Dev Wadhwani, Sachin Gupta and others...

    This news should serve as a lesson to the few active IR,s that are still ACTIVE and how they have been cheated by QNET by telling them that INVESTIGATION IS LIMITED ONLY TO MUMBAI.

    No Matter which part of India you all are if you are promoting this illegal money circulation scheme then you are part of the crime de-facto.

    Your GRAND uplines have absconded abroad, second level up lines have fled and changed cities...dont fall and become a victim of this fraud..Wake up and smell the SHIT...

    http://timesofindia.indiatimes.com/india...

    http://www.livemint.com/Politics/D6JaDQC...

    http://www.business-standard.com/article...

    http://zeenews.india.com/sports/others/l...

    http://ibnlive.in.com/news/mumbai-police...

    http://www.firstpost.com/sports/rs-425-c...

    http://www.firstpost.com/sports/rs-425-c...

    http://www.moneylife.in/article/qnet-mum...

    http://www.moneylife.in/article/qnet-mum...

    http://www.saharasamay.com/sports-news/6...

    http://www.financialexpress.com/news/loo...

    http://www.niticentral.com/2014/01/02/lo...

    http://www.telegraphindia.com/1140102/js...

    http://news.oneindia.in/india/lookout-no...

    http://www.thehindu.com/news/national/lo...

    http://www.ptinews.com/news/4283934_QNet...

    http://news.outlookindia.com/items.aspx?...

    http://ibnlive.in.com/news/mumbai-police...

    http://www.thehindubusinessline.com/news...

    Lets finish this FINANCIAL TERRORISM FROM OUR MOTHER LAND...

    VANDE MATRAM
    Gurupreet

    REPLY

    jitu moni

    In Reply to gurupreet 6 years ago

    Only one Leader is needed to cleanse away evil. Common People always join in. One Mahatma One Kejriwal One Gurupreet... On the other side Whole British Govt, 60 year old ruling party and 15 yr Scam Company

    Saminder

    6 years ago

    It appears to be valid only for Mumbai and Chennai. For rest of india, it is shown as a genuine business opportunity by the IRs

    Saminder

    6 years ago

    What about so many persons who have left the jobs and just following persons like Sachin or Dev?

    and

    What about persons like me who have lost money by believing close friends and/or relatives?

    REPLY

    jitu moni

    In Reply to Saminder 6 years ago

    Turn Approver. Teach them a lesson! Let their BMWs be seized which is bought out of illegal money circulation scheme

    SCAM BUSTER

    In Reply to Saminder 6 years ago

    If you have lost money with QNET or have been duped by any QNET IR, you may be able to recover some or part of the money in the EOW case. If you are serious about collecting your money or becoming part of the money that will get distributed after they have seized the accounts and properties of QNET kingpins, please file a complaint in person or via Registered Post with Acknowledgement Card with EOW, Mumbai Police

    If you are filing a Complaint it is best to do it in Person and take an acknowledgement or Send a Registered Post - AD (with acknowledgement card). You can Send your Complaint to the EOW or visit their office at the following Address:

    Additional Commissioner of Police
    Economic Offences Wing
    Crime Branch, Mumbai Police
    Police Commissioner's Office
    Opposite Crawford Market
    D N Road, Fort
    Mumbai 400 001

    Send another original of your complaint to the Investigating Officer of the FIR filed against QNET. Send this also via Registered Post with Acknowledgement Card (Acknowledgement Cards are critical when these cases move to court)

    Mr.Kapase – Investigating officer (QNET)
    Economic Offences Wing -3
    Crime Branch, Mumbai Police
    Police Commissioner's Office
    Opposite Crawford Market
    D N Road, Fort
    Mumbai 400 001

    gurupreet

    6 years ago

    http://timesofindia.indiatimes.com/india...

    MUMBAI: Mumbai Police on Thursday issued a lookout notice against former world Billiards champion Michael Ferreira after he failed to appear before them in connection with the Rs 425-crore scam allegedly committed by a multi-level marketing firm QNet, in which he claimed to hold shares.

    "The look out notice was issued against Ferreira in connection with QNet case. We had summoned him for questioning three weeks ago but he did not turn up," a senior police officer told .

    In the second week of December, the Economic Offences Wing (EOW) of the city police, probing the QNet scam, had served summons to 75-year-old Ferreira, directing him to appear before them to quiz him about his association with the scam-hit company.

    The EOW has arrested nine team leaders of the QNet so far for allegedly duping investors by offering to sell products like magnetic disks, herbal products and holiday schemes through fraudulent practices. QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors.

    The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978. The lookout notice is a circular issued against a person when he/she is wanted by police either for questioning or for the purpose of arrest in any case.

    It is circulated at all immigration checks at international borders (like International airports or sea ports) and as soon as the person is spotted, the authorities concerned are notified.

    Ferreira, who was abroad on December 17, had said he would appear before the investigators as soon as he returns to India. He had also defended the controversial company.

    Police today said they did not know if the Padma Bhushan awardee was back in Mumbai or still abroad.

    The winner of the World Amateur Billiards Championship had also described as "outrageous, malicious and untruthful" the allegations against him of defrauding people through QNet.

    SCAM BUSTER

    6 years ago

    If you have lost money with QNET or have been duped by any QNET IR, you may be able to recover some or part of the money in the EOW case. If you are serious about collecting your money or becoming part of the money that will get distributed after they have seized the accounts and properties of QNET kingpins, please file a complaint in person or via Registered Post with Acknowledgement Card with EOW, Mumbai Police

    If you are filing a Complaint it is best to do it in Person and take an acknowledgement or Send a Registered Post - AD (with acknowledgement card). You can Send your Complaint to the EOW or visit their office at the following Address:

    Additional Commissioner of Police
    Economic Offences Wing
    Crime Branch, Mumbai Police
    Police Commissioner's Office
    Opposite Crawford Market
    D N Road, Fort
    Mumbai 400 001

    Send another original of your complaint to the Investigating Officer of the FIR filed against QNET. Send this also via Registered Post with Acknowledgement Card (Acknowledgement Cards are critical when these cases move to court)

    Mr.Kapase – Investigating officer (QNET)
    Economic Offences Wing -3
    Crime Branch, Mumbai Police
    Police Commissioner's Office
    Opposite Crawford Market
    D N Road, Fort
    Mumbai 400 001

    gurupreet

    6 years ago

    They are shifting all operations out of Mumbai to some other state...we are keeping a track...they can run but not hide

    REPLY

    Saminder

    In Reply to gurupreet 6 years ago

    What is going on now. Is the case cleared or what

    SCAM BUSTER

    In Reply to Saminder 6 years ago

    No Criminal Case is ever cleared before 5-10 years. Whether you have been arrested or arrested and released, you will be visiting the Police for the next few years and spending several days in Criminal Courts on the dates given. So any QNET IR who has been arrested or has secured bail will be appearing either daily or weekly or at any time EOW wants and they will do for for years to come

    gurupreet

    In Reply to SCAM BUSTER 6 years ago

    :) SC plsu if they are caught repeating the offence then deep trouble

    karam

    6 years ago

    ROTFL - http://www.vanamala-india.com/

    This site wont open ... what is the problem now ??? Thoda thoda bhaaga bhaaga sa !!

    REPLY

    Saminder

    In Reply to karam 6 years ago

    Both Anti and Pro groups are silent these days. Is there some deal happening between both?

    gurupreet

    In Reply to Saminder 6 years ago

    The last time there was complete silence...and then Eight TOP IR,s got arrested..isint it?

    Saminder

    In Reply to gurupreet 6 years ago

    Got your point. silently you fire. news is everywhere but don't know what is the end. These IRs say that this is only investigation and not proved to be illegal thing.

    George

    In Reply to Saminder 6 years ago

    Yes - the deal seems to have happened between gurpreet, media police and qnet.... Who would want to kill chicken laying golden eggs??? ;) --

    gurupreet

    In Reply to George 6 years ago

    A chicken that lays golden eggs? Well QNET isint that, it is a parasite that sucks blood and shall be dealt with accordingly

    jitu moni

    In Reply to George 6 years ago

    Please read clause 4 and clause 5 of the link
    http://www.fdsaindia.org/pdf/Ministry-of...

    gurupreet

    6 years ago

    Last week one of my friend came to convince me about QNet. Here is some fact finding..

    1) Before QNet there was Gold Quest from same company which is resulted into big scam. Your friend will say that it was not company's fault. I got two reasons from two friends both looked unconvincing. I read Gold Quest cheated approx 2,65,000 people for Rs.30,000 each. Imagine this much money is gone outside our country I will do math for you
    2,65,000 x 30,000 = Rs.7950000000. Heck I can not read this figure. India has lot of money.

    2) QNet is Pyramid Scheme which they will not agree. Pyramid Scheme is not good for country. It pumps money out of country. Some country's have gone bankrupt due to these schemes.

    3) They are providing Service to you, like Hotel package which you may use in your future. That is the risk taken by company. Most of Individual Representatives hardly use this service.

    4) Come on how can you trust a company which sells products like Amazecua Bio Disc. I hope you do not buy healing pendants or najar surakha kawach from teleshopping. This is same product. Their explanation includes jargons like science and nano technology. Come On...

    5) And one more thing, your friend is trying to sell high cost holiday package though they have low cost packages as well. It is minimu Rs.30,000 to become QNet representative. They sell higher priced packages because they get money out of it. I heard you do not need to pay single rupee to become a member. It does not hamper your ability to earn money from chain below. You need to sell higher priced products to get more money.

    6) Such schemes are banned in US and Europe, though they tell some representatives are working there as well.

    7) Definitely you can make money out of it if you are social person. But these schemes are banned after some time, there are always people who will burn their a**. And number multiplies with each level. You will be responsible for people's suffering due to ban as you grown this tree under you. If you start making member they you are starting a crime which will multiply with each level.

    8) You must have heard Ganguly's, Tendulkar's, Richard Branson's name. Come on these people are already great and super capable performers, why do they need such schemes to secure their future? Come On...

    9) QNet is banned in Nepal and Shri Lanka as well. In Shri Lanka QNet started it's operation with another name Lotus.

    10) Pyramid schemes are illegal in many countries including Albania, Australia, Austria, Brazil, Canada, China, Colombia, Denmark, the Dominican Republic, Estonia, France, Germany, Hungary, Iceland, Iran, Italy, Japan, Malaysia, Mexico, Nepal, the Netherlands, New Zealand, Norway, the Philippines, Poland, Portugal, Romania, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom, and the United States.

    India is not in this list. Neighboring countries like Nepal and Sri-Lanka have done this but not in India.

    Interesting reads...
    1)Qnet - Wikipedia, the free encyclopedia
    2)Pyramid scheme - Wikipedia, the free encyclopedia


    My friend is mad behind this scheme. I never trusted these schemes. I did this research to take out him from this. But you attend their session which is filled of bigger than life Glamor, then brainwash is sure. I feel really pity who fall to this prey. I could not help my friend but..

    REPLY

    gurupreet

    In Reply to gurupreet 6 years ago

    source http://www.team-bhp.com/forum/shifting-g...

    gurupreet

    6 years ago

    Hello Friends,

    I personally got the VanaMala news story verified. They have fled Mumbai like low life thief on the last Saturday and closed their office/call center in Mumbai located at BKC...

    Well as i said before YOU CAN RUN, BUT YOU CAN NOT HIDE..

    If QNET is legal and have nothing to hide, why are they running away like this?

    The TOP grand up line is all absconding...

    Vihaan office closed...

    Now VanaMala office closed...

    Common Guys...what more evidence you all need?

    gurupreet

    6 years ago

    Hello Friends,

    This is my immediate response to the press release posted online by one Mr.Zaheer Merchant, who i would like to call as Mr.Zaher (Poison) Merchant..

    After we exposed Suresh Thimri and Michael Ferreira, Now it is the turn of Mr.Zaher (Poison) Merchant to get EXPOSED.
    Well you asked for it, so BE IT- KUN FAYAKŪN.

    “QNET operates to HIGHEST STANDARDS and these Standards, Policies and Procedures are reinforced by training.”

    YES Of course, how could we MISS the great training sessions of “Cheap Pathman”. Let me list a FEW of the great trainings here.
    1. Find 2 –
    2. Rule 3
    3. Acr 48
    4. Shut up Listen and DO.
    5. QInfinite 101
    And many more…

    All these GREAT trainings are with the SOLE purpose of training gullible citizens all over the world into cheating their relatives and friends into signing up into QNET without even disclosing the “Business Model”. All these HOT market sign ups are done on pure relations, believes and close bonding that exists in developing nations like India and it is a SHAME that companies like QNET/QUESTNET take advantage of this close bonding that exists in our nation.
    It is evident from that FACT as CHEAP PATHMAN said in one of the video “WHOLE OF QNET IS A HOT MARKET”.

    We will be exposing all these trainings, policies and procedures with hard core evidence very soon.

    If any rules or laws are broken it is the job of the system to initiate action as per law and this is exactly what is happening in this case, The Process of LAW is taking its course, Right ? Or QNET wants their own SHAM enquiry to prevail over the laws of India?
    “Orchestrated sustained attack on the company to undermine our reputation and prevent us from competing fairly and openly in India” oh yea What a SHAM statement,

    Habitual Criminals crying foul after their “Repeat SCAM” got exposed? How easy it is to “forget” your past record?

    Come on QNETERS the whole business is already charge sheeted in India and those who are still indulging in it become part of the criminal gang automatically. The copy of the whole charge sheet can be downloaded at the link given below, Please read it and know the FACTS about QUESTNET now renamed as QNET.

    http://d01.megashares.com/dl/lNtw4xO/Qne...

    “unmerited claim of fraud, which itself has not and cannot be substantiated, has been used to arrest staff, freeze assets and threaten criminal proceedings does not bear up to scrutiny. “
    Well the Additional Commissioner of police and also Commissioner of Police have gone on record in interviews given to TV channels that this is a repeat SCAM, Mr.Zaheer Merchant you are going to take “appropriate action´ against these officers and others in EOW also?
    ” will pursue the parties for damages wherever we find due cause."

    Ha ha ha what stupidity, at one hand you claim to be making rapid progress in your “independent investigations” and later statement of yours says “wherever”… groping in the dark QNET? The whole affair is nothing but a “Process of LAW set into Motion by a common man” You guys always thought no individual could stand upto right? Wait and see where this will go now :)

    Regarding the Facts of my case…well there you go again, caught on the wrong foot, Thank you so much for this press release Mr.Zaher Merchant, it has helped my case and now more sections of IPC can be added in my FIR against you all. Thank you from the BOTTOM of my heart Mr.Zaher Merchant you have been no better then those stupid lawyers of QNET and those people out here in Mumbai who are trying to “Manage EOW and media”.

    Wether a Bio Disc was sold in the first place or a online education course is a matter of investigation now and it does not make any difference to the whole case because any ways all your products are a cover to run the “Money Circulation Scheme”. Apart from that I would desist to disclose more facts here because I am not a fool like your over zealous junior advocates to disclose my strategy in advance…I hope you know what I mean…kyun qnet yaad hai na?

    The three representatives have applied for anticipatory bail which has been strongly opposed by the Mumbai police and will get eventually arrested.
    Complaint was “withdrawn” oh yea? Why don’t you publish the complaint given by my wife and show “where and how it was withdrawn?”

    “Product was Delivered” oh really …come on show it :)
    “Independent legal review confirms there is no evidence of any crime.” So your independent reviewers are above EOW and the Commissioner of Police who say the crime is a REPEAT SCAM?

    Offices were raided on 16th of August or 22nd?

    Seniors officers and Michael Ferreira, They are facing the process of law for the “white collared crimes” they have committed in my country and I will see to it that it is EXPOSED.

    And your last paragraph oh my my, Threatening me..Well BRING IT ON, don’t just BARK. Your Lawyers have been threatening me in courts and your GOONS are threatening me in real/online world, I take this as one more threat from you… who care…and this is what I have to say about the THREATS from your side to me and my family..

    Hum To Ghar Se Nikle Hi The Bandh Kar Sar Pe Kafan
    Jaan Hatheli Par Liye Lo Badh Chale Hain Ye Kadam
    Zindagi To Apni Mehman Maut Ki Mehfil Me Hai
    Sarfaroshi Ki Tamanna , Ab Hamare Dil Me Hai !!!

    The BEST you can do Mr.Zaher Merchant is to sit along with CHEAP PATHMAN and that ABSCONDING ACCUSED VIJAY EASWARAN and find out how to “MANAGE authorities and Media” as already portrayed in CHEAP Pathmans videos titled as “Message to India”…that’s the best you can do, BUY out people.

    As said before this is a immediate response, The team of common people is already now working on a detailed response to this stupid and ridiculous press release posted online, We will expose your lies with hard core evidence Mr.Zaher Merchant

    Vande Matram
    Gurupreet


    Pls Read: http://qnetexposed.com/how-michael-ferre...

    gurupreet

    6 years ago

    Hello Freinds,

    Recently Vihaan (Qnet) office was deserted and all files computers etc were shifted out to a un-disclosed location.

    Now it is time for Vanamala to be on the run. There are rumors that even Vanamala has run away from Mumbai, though the official reasons being cited are that of "Maintenance".

    Please be careful and keep a watch.

    Regards
    Guru

    gurupreet

    6 years ago

    आम आदमी सोता हुआ शेर था, अब जगाया है तो चिर फाड़ देगा............

    MUMBAI: Former world amateur billiards champion Michael Ferreira has resigned as president of the Billiards and Snooker Association of Maharashtra, the association said in a media release today.

    "The BSAM Managing Committee, in its meeting held on 14th December 2013, unanimously accepted the resignation received from the President Mr Michael Ferreira," the release said.

    Thanking Ferreira for his outstanding service over the years, BSAM said vice president Rajan Khinvasara w ..

    Read more at:
    http://economictimes.indiatimes.com/arti...

    आम आदमी सोता हुआ शेर था, अब जगाया है तो चिर फाड़ देगा............

    The Kingslayer

    6 years ago

    HOW MICHAEL FERREIRA BLATANTLY LIED ABOUT HIS QNET ASSOCIATION ON NATIONAL TELEVISION

    A rebuttal of the false claims made by Team Faith's "Lead Bird".

    “I’m abroad taking medical treatment for a longstanding problem that I have.”
    “As soon as I am cleared to travel, I will appear before the EOW.”

    • What is this longstanding problem that requires medical treatment?
    • Where are you getting yourself this treatment from?
    • Couldn’t you get medical treatment for it in India?
    • Does that mean that neither the Bio Disc nor Chi Pendant could keep you healthy or treat your ailment?

    More Lies of him EXPOSED..

    Read the complete story here...
    http://qnetexposed.com/how-michael-ferre...

    gurupreet

    6 years ago

    Hi,

    Should i go after the whole international ring of shell companies of QNET or just focus in India?

    Regards
    Guru

    SCAM BUSTER

    6 years ago

    MICHAEL FERREIRA FAILS TO APPEAR BEFORE EOW, MUMBAI POLICE

    http://www.youtube.com/watch?v=m8uQ1KyZa...

    REPLY

    HALPING HANDS

    In Reply to SCAM BUSTER 5 months ago

    https://youtu.be/VouUPhGSvqM

    Qnet Scammer Radh Krishna Gandi Sittri (Aurangababd/Nagpur)

    SCAM BUSTER

    6 years ago

    MICHAEL FERREIRA (80% SHAREHOLDER IN VIHAAN) & HIS DIRECT CONNECTION TO VIJAY EASWARAN IN HIS OWN WORDS FROM THE "FORBES" BLOG BELOW (AND ALSO THE REPLY POSTED BY MALCOMN DESAI THE OTHER 20% SHAREHOLDER BELOW

    http://www.forbes.com/sites/donaldfrazie...

    MICHAEL FERREIRA SAYS

    At th8e age of 67, I had achieved all I set out to do and was considered eminently successful by the usual parameters – beautiful home, a wonderful family, the mandatory gold Rolex with diamonds, several cars, a great farm house, no dearth of money et al. Then the opportunity offered by Dato Vijay Easwaran’s remarkable organisation came my way. It was as if I was struck by a thunderbolt. It was, as they say, a game changer for me. I jumped in with all guns blazing and in a relatively short time, thorough hard work, passion and commitment to the cause, I was able not only to enlarge my own options in life, but also to be the instrument of change for literally hundreds of thousands orf ordinary – and not so ordinary – folk. All I can say is thank the Lord that a man of the vision, calibre, character, and compassion of Dato Vijay has walked this earth.

    MALCOLM DESAI SAYS IN THE SAME BLOG

    As technology evolves commerce changes, and Dato Vijay Eswaran has done in a relatively short span of time what few would have taken a lifetime to achieve. He has not only revolutionized the way business is conducted but also has made it easier for the common man, with the correct effort, to earn from an additional source of income. Reading the article, I recall that it is not easy to grow without challenges, every great personality sometimes in their lives have faced them and ofcourse ‘when elephants walk, dogs will bark’.
    Once in while, there comes a person who believes not only in himself but in all, and he changes not only the way we conduct business but makes us better than what we are and challenges us to become our best and beyond with utmost gratitude. He epitomizes goodness and sacrifice and shares that to help ourselves is through helping others. This man is Dato’ Vijay Eswaran.

    gurupreet

    6 years ago

    Mark Feriera and his team deleted their Facebook and other profiles...but did you all forget I have a experience of more then 20 years in IT, We have a backup of you all...All your JANAMKUNDLIS are with us...so the max you can RUN but you can not HIDE..

    The writing is clear on the wall for some people who still think that QNET will survive this..

    A message to the pondas and pradhans...You all been threatening me of contempt proceedings etc..well that's the max you all can do, create hurdles for whistle blowers and protect while collared criminals by submitting blatant lies to various courts...

    It is a shame that there are individuals in India..who can betray their own mother land for bundles of ill gotten money derived out of criminal activities...

    Good News coming soon :)

    SCAM BUSTER

    6 years ago

    QNET SCAM - TIMES NOW REPORT ON MUMBAI POLICE COMMISSIONER COMMENTING ON MICHAEL FERREIRA AND DUPED INVESTORS SPEAKING OUT

    http://www.timesnow.tv/SPORTS/Michael-Fe...

    gurupreet

    6 years ago

    Ferreira fails to appear before Mumbai EOW in Rs 450 cr Qnet scam...

    News Coverage on CNN IBN...

    http://ibnlive.in.com/news/ferreira-fail...

    Please view the video and share with every one...

    gurupreet

    6 years ago

    The News Story that has shocked the nation...

    Recent News in print and TV channels regarding Michael Ferreira has created a STIR...

    I am posting below the original post by our TEAM which started it all...

    Please have a look and share it with every one you know, including media people :)

    Michael Ferreira, the “Granddaddy” behind the QNET Pyramid Scheme in India

    http://qnetexposed.com/michael-ferreira-...

    Jai Hind
    Gurupreet

    gurupreet

    6 years ago

    hello friends,

    If you have lost money in QNET SCAM, Please call me on 07498063701, If i am not able to take your call, please SMS me your details.

    Active members of this BLOG are requested to pass on this information to other BLOGS and social media sites like Facebook and twitter, lets finish this cancer from our country NOW

    Regards
    Gurupreet

    SCAM BUSTER

    6 years ago

    QNET SCAM AND MICHAEL FERREIRA'S ROLE ON TIMES NOW

    http://www.timesnow.tv/SPORTS/QNET-scam-...

    gurupreet

    6 years ago

    Investigation by the common man uncovers the connection between Michael Ferreira, a former world billiard champion as well as a Padma Bushan award winner and the QNET PYRAMID SCHEME.

    For the complete story with complete Documentary Evidence, Video and photographs please visit

    http://qnetexposed.com/michael-ferreira-...

    Please pass this information to any media people you all know and help us eradicate this SCAM from our nation.

    Jai Hind...
    Gurupreet

    SCAM BUSTER

    6 years ago

    MICHAEL FERREIRA, FAITH SOLUTIONS (EX WORLD BILLIARDS CHAMPION, PADMA BHUSHAN) CALLED BY EOW FOR QUESTIONING ON QNET

    http://www.dnaindia.com/mumbai/report-qn...

    http://daily.bhaskar.com/article/MAH-MUM...

    http://news.outlookindia.com/items.aspx?...

    http://www.business-standard.com/article...

    gurupreet

    6 years ago

    Hello Friends,

    Many of you emailed me asking me why i am not seen "online" now days, please rest assured even if i am not online it means i am working on the qnet case and putting nails in the qnet coffin.

    I cant be online all the time as i have a very simple phone with no camera or internet access and finding cyber cafes is a head ache.

    The update is this QNET/Vihaan have shifted all computers and important files from their Bangalore office...I thank the Vihaan Insider for this information.

    When the ship is about the SINK the rats are the first to run away and desert the ship..the same is happening now...

    Else where the support blog of QNET India has been shut down as the request for refunds outnumbers the actual business that is being generated.

    I was waiting for this day, i knew these "hot signups" to keep the chain from collapsing will be the very reason for the collapse of the Giant.

    Pasted below is the result what you get when you visit http://www.getsatisfaction.com/qnet/

    Sorry, the community that you’re looking for has been retired and is no longer available. If you need help, please contact the company you're looking for directly.

    The END is near :)

    Vande Matram
    Gurupreet

    SCAM BUSTER

    6 years ago

    QNET IS NOW OFF THE AIR ON “GET SATISFACTION” – TOO MANY CANCELLATIONS/REFUNDS TO HANDLE

    http://retired.getsatisfaction.com/

    Sorry, the community that you’re looking for has been retired and is no longer available. If you need help, please contact the company you're looking for directly.

    SCAM BUSTER

    6 years ago

    http://www.consumerforums.in/forced-to-p...

    FORCED TO PURCHASE UNETHICALLY By Mandar Pardhiye On 11 June 2013 In Hospitality Companies, Others
    Location/place: mumbai

    Name of company/service: qnet india

    Dear sir,
    my name is Mandar Pardhiye. I am an independent property consultant living in Mumbai. I belong to a very conservative middle class family. Recently one of my close friend called me just to say hi hello and he seemed very excited over the phone. I asked him out of curiosity what is the reason for his excitement? he replied ” mil phir bata hoon” ( will disclose once we meet). He called me to meet him on one sunday afternoon at cafe coffee day bandra linking rd, he insisted that I should come along with my wife to meet him as he also was coming along with his wife. Since we were meeting after a very long time I thought it was okay to take my betterhalf along too. After some normal discussions he started asking me questions related to materialistic dreams which every one these days love to dream about. Then he told me that he is working with a group who are already enjoying these dreams and are making huge money. I asked him what is it, he said” nothing yaar we are associated with a company called Qnet India and the company sends mass mails to our contacts regarding their products and if the contact buys anything online then we get paid for it”. I asked him is this any kind of any MLM, he said “NO”. He said if you trust me then just purchase the product that too of he will decide what to buy and then he will tell me how the system works. I did not had money that point of time so I refused but he said that he will arrange for the money for the time being and you pay later once you have arranged, i said ok.
    After the purchase was made I came to know that the product was a holiday package from “vanmala”, i got a mail from the company regarding the same. Then next day onwards my training started regarding the company and its products. More than the training it was a brain washing sessions. After few days I realised that there is no business of what I was told but the modus operandy was to get your freinds and family to make purchase by telling them the same bullshit that its a big money making opportunity and keep talking about their dreams. I was not feeling it right to force someone to purchase which was not necessary . I refused to work with them and asked for my money and he started laughing that you have purchased a product and not invested so better use the product instead.
    Please tell me how do I get out of this. The amount purchased is 129000/- and its too huge to forget. I did this in a hope that I might earn more money ethically and get rid of my loans but now this has added agony to my sufferings. I spoke to their help line but they straight away refused to help me on this issue.
    WHAT DO I DO NOW. Please help me.

    regards
    Mandar Pardhiye

    SCAM BUSTER

    6 years ago

    MORE TV COVERAGE OF QNET IR ARRESTS

    http://www.youtube.com/watch?v=BCl8vgGh8...

    http://www.youtube.com/watch?v=d-LtoJLm0...

    gurupreet

    6 years ago

    haha what crap...qnet people try to hack into my gmail account using social engineering... oh my my...did i forgot to mention that i have a 21 year experience in IT field...oh grow up..

    SCAM BUSTER

    6 years ago

    QNET CASE - ADDITIONAL COMMISSIONER OF POLICE, EOW, CRIME BRANCH, MUMBAI POLICE ON QNET ON BLOOMBERG TV - DECEMBER 6, 2013

    http://www.yourmoneysite.com/videos/watc...

    NOTE: PLEASE WATCH FULL VIDEO...QNET COMES UP IN THE LATER PART OF THE INTERVIEW

    gurupreet

    6 years ago

    Hello Friends,

    The TOP leaders of QNET Mumbai to spend this week end also in ARTHUR ROAD JAIL as the decision on their bail application has yet not been decided yet.

    The argument put up by the state was that since these people are in full knowledge that QUESTNET business was illegal and charge sheeted but still they continued doing the same business and also promoted it they have indulged KNOWINGLY in the act of MONEY CIRCULATION SCHEME.

    This should send a STRONG MESSAGE to active IR,s all over INDIA to refrain from this illegal act of MONEY CIRCULATION SCHEME run by QNET and stop it immediately.

    On the other front non of the accounts frozen by EOW have been defreezed, while QNET was spreading the false propaganda that by diwali every thing will be over, it is just a mirage shown to the IR,s so that they remain CALM.

    The fight continues and there is no hope left for QNET now, which is evident from the body language of the HI-FI advocates of QNET who are finding it difficult to face a common man in courts.

    There will be a very good news soon, lets all pray so that this SCAM comes to and end for ever in our nation.

    Vande Matram
    Guru

    gurupreet

    6 years ago

    Good News soon... :)

    REPLY

    sachin

    In Reply to gurupreet 6 years ago

    Hi bro,

    I have sent mail now. Very important info.

    Good news :)

    gurupreet

    6 years ago

    Hello Friends,

    All eight arrested IR,s in Mumbai have moved for Bail in Killa court. The matter is kept for hearing on the 5th of December, so technically they will remain in ARTHUR ROAD JAIL till 5th that means they will come out (if they do) only after completing 14 days in jail.

    This should serve as a message to the still active IR,s to shun this illegal business in India and disown it NOW.

    Mean while more arrests are likely soon as per Rajvardhan Sinha, additional commissioner, EOW.

    Please think NOW, max-out, financial freedom all that CRAP is just a MIRAGE which will never happen, GET OUT OF THIS BUSINESS BEFORE POLICE COMES AFTER YOU.

    Please see the coverage of speak asia scam person arrested yesterday, you all also want your photographs to appear in news papers and TV channels like this?

    What effect will it have on your children, friends and relatives?

    QNET aka QUESTNET aka GOLDQUEST has had been lying and cheating for too long in India to you all, Have a respectfull life then to fall into the trap of F2 F2 F2 AND RULE 3 ETC...

    Now is the time join the investigation of EOW Mumbai as a "witness" better be safe then sorry....

    Regards
    Gurupreet

    REPLY

    karam

    In Reply to gurupreet 6 years ago

    Raise the bar higher friends !!! Report more people to the EOW .... It is time we put an end to this report scam....Time to shut Vanamaala's money laundering operations too....

    Folks come forward and report more IR's to the EOW ... be rest assured that we have been tracking you ... if not a billion or a million ... we will touch over a few thousand IR's for sure ...

    Let us jointly stop thisrepeat scam ...

    ramila

    In Reply to gurupreet 6 years ago

    great going !

    SCAM BUSTER

    In Reply to ramila 6 years ago

    Yes. The law of the land prevailed. That is what is important!

    ramila

    In Reply to ramila 6 years ago

    gr8 going,but feedback from qnet guys is quite positive,they believe its just a speed breaker,n an event which they recovered in 1998 as well.so nothing new..
    infact they are upbeat saying,news mein aaya hai to more popular ho jaayenge..dhandha badhega..etc..
    .....must be planning a big welcome for guys who shall come out on bail...soon..

    SCAM BUSTER

    In Reply to ramila 6 years ago

    Wow! Thats a new way of remaining positive! Go to jail. Get bad press! And you will get more business!

    I don't think so "Ramila". The reality is that anyone who is anyone in this organization is on the run or trying to wipe out their trails

    What you have been told or are saying is just a great "coverup" for what is really happing

    In any case, what is really going to happen will be clear soon

    SCAM BUSTER

    In Reply to ramila 6 years ago

    Wow! "must be planning a big welcome for guys who shall come out on bail...soon." You really do have the inside scoop to the workings of "QNet" . Could you share with us who these "QNet guys" are. Since most of their known management denies they have anything to do with "QNet", you could shed some light on who is throwing this welcome on this forum

    SCAM BUSTER

    In Reply to ramila 6 years ago

    So India's Criminal Laws are just a "speed breaker"? Sounds dangerously close to the mafia of yesteryears whoever these people giving you the feedback are!

    ramila

    In Reply to ramila 6 years ago

    you may be right,they might be bluffing to keep morale up of all members..but that confidence also stems from their uprising post 1998 ban

    ramila

    In Reply to gurupreet 6 years ago

    gr8

    M Hussain Shaikh

    6 years ago

    Hi Gurupreet,

    Congrats to you bro for initiating the fire. I with my brother have lost 60k buying bio-discs. Till date I was trying to fool myself accepting it as a miracle disc. Deep inside, I myself was not convinced. But what to do...60 K daal chuka tha...apne aapko bewafuq kaise saabit hone deta...above all was renewing my IRship for the fear of expiry of my account. What bullshit I was into ?? Really...I wish I could grab those and put them behind bars who started them...ab apno ko to kuch keh bhi nahi sakte as khud mere dost, kareebi isme involved they...wo bhi to meri hi tarah bewakoof bane honge....

    Anyways...We all are with you...Please dont lose it now.

    All the best.

    M.Hussain Shaikh
    Gujarat.

    REPLY

    SCAM BUSTER

    In Reply to M Hussain Shaikh 6 years ago

    Gurupreet has posted many Fatwas against this kind of business from India, Egypt etc. I am wondering how you got into this business

    M Hussain Shaikh

    In Reply to SCAM BUSTER 6 years ago

    Yes you are right. But it was too late. I joined it in the year 2008 and since then I was renewing and renewing my IRship online. Anyway, der aaye durust aaye..Have lost my hard earned 60K..But have learnt a lesson for life.

    karam

    In Reply to M Hussain Shaikh 6 years ago

    The least that you could do is at least report the people you are aware of engaged in this money laundering business - not necessarily your near and dear ones ... but the others ... their uplines ... grand uplines .... grand grand uplines etc....

    SCAM BUSTER

    6 years ago

    QNET CASE - TIMES OF INDIA, TUESDAY, DECEMBER 3, 2013 - MORE ARRESTS LIKELY

    http://timesofindia.indiatimes.com/city/...

    MUMBAI: The city economic offences wing (EOW) said multi-level marketing firm QNet had collected over Rs 425 crore from its investors. QNet is accused of using the banned binary-pyramid business model for their multi-level marketing scheme to entice investors. The bank accounts of the firm, its independent representatives and associates have been frozen. There is reportedly a total of Rs 110 crore in these accounts.

    An EOW source said the company continued its schemes in the name of Quest Net by floating a firm, Vanmala Hotel Travel and Tourism Services Pvt Ltd, even after cases were registered against it in Chennai, Andhra Pradesh, Maharashtra and Karnataka.

    "In April 2012, QNet Ltd formed Trans View Enterprises and Vihaan Direct Selling Pvt Ltd and continued their schemes. Through its website, qnetindia.in, the firm gathered its employees who had worked for it a decade ago. From April last year to August this year, the firm collected over Rs 425 crore from 90,000 people," said an officer. "We are speeding up the investigation and more arrests are likely soon," said Rajvardhan Sinha, additional commissioner, EOW.

    The company lured investors with various schemes with an investment between Rs 30,000 and Rs seven lakh. "The firm posed as a marketing firm which would sell bio-disc, watches, chiPendants, gold coins, herbal products, E-education packages, holiday packages etc. They even claimed that by using the bio disc one can cure cancer and brain related diseases," said an officer.

    "Some money has been transferred to Malayasia, Singapore and Hong Kong too. The exact figure is not known. We are probing the money trail." So far nine persons, including two women, have been held for cheating, forgery and under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. The accused received commission ranging from Rs 40 lakh to Rs 2.5 crore in the binary pyramid scheme, which is banned in India, said the police. "There are more than two dozen cheating FIRs filed against the company. In Mumbai, an Andheri resident Gurpreet Anand lodged an FIR and named Vijay Eswaran, director of Vihaan Direct Selling (India) Private Limited, as the main accused," said an officer.

    gurupreet

    6 years ago

    A message to TOP ir,s active with vanka and thimri.

    Dear take this as a advise from me and STOP the cash transactions you all are entering into by collecting money in different bank accounts and transferring the same to accounts not related to Vihaan.

    We are fully aware of what is happening, the bank accounts in Indian overseas bank and syndicate bank...Please take note what you all are indulging into is this...

    Collectiing money for a money circulation scheme in CASH and transferring that money to accounts not connected directly to qnet/vihaan.

    This money is then being send out of India...

    It is pure hawala and money laundering case...and it will be exposed soon...

    While the Thimri,s and Vanka,s will get away spending the same money, you all IR,s will be left behind to face the police and other authorities..

    I hope you take my ADVISE SERIOUSLY AND STOP THIS ANTI-NATIONAL ACTIVITY A.S.A.P.

    Regards
    Guru

    REPLY

    karam

    In Reply to gurupreet 6 years ago

    Where does this money trail lead ? Serious interrogation of IR's arrested so far is required ? More of the top guys who are connected to Qnet need to be arrested and interrogated .... this is now turning into a real money circulation racket... imagine a cash purchase of a QVI Silver holiday package for 2 lacs ?

    By the way the top IR's of QNet with commission earnings of greater than 10 lacs per annum are liable to pay Service tax for Business Auxillary services for providing word of mouth promotion - as customer /distributors - anyone from Central Excise and Customs reading this would understand ....

    gurupreet

    6 years ago

    http://www.youtube.com/watch?v=lNk-z01IL...

    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre meina
    Har ek lahu ke katre mein
    Inquilab ke naare mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    Tu yeh to tab hi bola tha
    Yeh azadi nahi dhokha hain
    Yeh pure mukti nahi hain, yaaro
    Goro ke sang saoda hain
    Is jhute jashan ki rounak mein
    Phanse huye kishano mein
    Roye huye jawano mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    Itihas mein bhi hum bhukhe the
    Aur aaj bhi thokar khate hain
    Jis Khadi par rakkha bharosa
    Who aaj bhi dhokha dete hain
    Koi Ramnam Bol Har pukare
    Aaj bhi janey lete hain
    Ab yaad hain Bhagta teri aati
    Aag lagi hain sine mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    Andhero ka yeh takht humey
    Taquat se ab thukrana hain
    Har saans jaha legi udan
    Us lal subah ko lana hain
    Shaheedo ki raha par mar mitne ki
    Krantikaree umidon mein
    Aye Bhagat Singh tu zinda hain
    Har ek lahu ke katre mein

    http://www.youtube.com/watch?v=lNk-z01IL...

    SCAM BUSTER

    6 years ago

    DNA - SATURDAY, NOVEMBER 30, 2013

    http://www.dnaindia.com/mumbai/report-mo...

    gurupreet

    6 years ago

    Maharashtra govt launches ad campaign against ponzi schemes
    Says many have been duped, asks people not to invest in such schemes...

    http://www.business-standard.com/article...

    I am posting the link as published in Business Standard as many people asked for it...

    REPLY

    sachin

    In Reply to gurupreet 6 years ago

    Hi Mr. Guru,
    Great going...I dont have much guts like you..to come forward and fight...but I want to shake hands with you to give few info on qnet scam. How can I ?

    gurupreet

    In Reply to sachin 6 years ago

    Hello Brother,
    The fact that you care shows your courage, you can email me on [email protected]

    sachin

    In Reply to gurupreet 6 years ago

    Hi Bro,

    Sent mail, pls check and revert.

    Regards
    Sachin

    gurupreet

    6 years ago

    Maharashtra govt launches ad campaign against ponzi schemes
    Says many have been duped, asks people not to invest in such schemes.

    The Maharashtra government has launched an advertisement campaign to alert people to be careful while making investments in schemes by ponzi companies and multi-level marketing firms.

    The advertisement, issued by the home department, said many investors have been duped. It urged investors not to get carried away by the tall claims made by such companies and cross-check the veracity of the schemes before investing in them.
    If cheated, investors should immediately file a complaint with the local police. People must also inform police if they notice similar incidents involving others, the advertisement noted.

    The home department said the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 offers relief to depositors duped by non-banking financial institutions.

    A senior official told Business Standard the home department's advertisement is in the wake of the recent arrests made by the economic offences wing (EOW) of Mumbai Police.
    The EOW has registered a cheating and criminal conspiracy case against MMM India for allegedly duping more than 70,000 people of Rs 2,000 crore. The company had allegedly promised unrealistic returns to investors.

    Mumbai Police’s EOW has also registered a case against QNet, a Hong Kong-based multi-level marketing operator, for allegedly conning thousands of investors by selling them plastic and glass products terming them “miraculous” objects that can cure severe diseases including cancer. QNet was accused of collecting money under the garb of selling products. The EOW has arrested QNet's eight agents and froze the bank accounts of these people.

    The investigation wing has also been probing another scam involving Singapore-registered Speak Asia Pte for allegedly raising money from a large number of people under the garb of running an online survey company. The firm operators have reportedly duped about 2.4 million investors of Rs 2,276 crore.

    Way to go, lets spread this to other parts of the country also.

    Vande Matram
    Gurupreet

    SCAM BUSTER

    6 years ago

    MR MICHAEL FIRRERA HAS NOTHING TO DO WITH QNET - SO WHAT IS "FAITH INDIA" AND "FAITH EGYPT" ALL ABOUT....READ ALL ABOUT IT IN THE LINKS...THE TEAM ALSO INCLUDES ONE OF THE PERSONS WHO WAS ARRESTED BY THE MUMBAI EOW

    http://www.faithegypt.com/index.pl/faith...

    SCAM BUSTER

    6 years ago

    TV COVERAGE OF ARREST OF 8 QNET IRs IN MUMBAI

    http://www.youtube.com/watch?v=q7QEFIaYu...

    SCAM BUSTER

    6 years ago

    Hi,

    If you have lost any money with QI/Qnet or have been scammed (or know someone who has), you can file a complaint with the Economic Offences Wing of the Mumbai Police. They have filed an FIR against QNet/Frozen bank accounts/arrested IR. They may get your money back or atleast save others from getting trapped in this scam. Their address is:

    Additional Commissioner of Police
    Economic Offences Wing
    Crime Branch, Mumbai Police
    Police Commissioner's Office
    Opposite Crawford Market
    D N Road, Fort
    Mumbai 400 001

    Rgds

    REPLY

    Prashant

    In Reply to SCAM BUSTER 6 years ago

    Hi

    Where can I complaint in Delhi. Is any option to file online complaint against QNET.

    Regards
    Prashant

    SCAM BUSTER

    In Reply to Prashant 6 years ago

    YOU CAN FILE A COMPLAINT WITH THE MUMBAI EOW VIA REGISTERED POST EVEN IF YOU LIVE IN DELHI. THEY WILL INCLUDE IT AS PART OF THE INVESTIGATION

    YOU CAN ALSO SEND ANOTHER COMPLAINT BY REGISTERED POST REFERRING TO THE FIR WITH MUMBAI EOW AND YOUR COMPLAINT TO

    Joint CP/E.O.W.
    Email: [email protected] Phone: 23746610 23361990
    Address:
    OFFICE OF THE JOINT COMMISSIONER OF POLICE - EOW
    ECONOMIC OFFENCES WING
    DELHI POLICE
    Mandir Marg
    Delhi - 110001, India

    gurupreet

    6 years ago

    Press Statement from QNET regarding the “Mumbai Challenge”

    Friends,

    QNET send this press release to all media houses all over India for clarification, since NO ONE cared to print it, I am releasing it with my comments added at end of each para which debunk this ridiculous press release…

    23 November 2013

    This statement is in response to various media reports within the last 24 hours wherein various aspects about the ongoing investigation on QNET in India have been incorrectly reported.

    QNET expressly through this PRESS STATEMENT clarifies the following:
    1. It has been alleged that QNET operates a “binary” compensation plan. This is not correct. QNET operates a “hybrid” compensation plan.
    “Oh yea…HYBRID what??? One more mythological term like the non-existent HYDROUS WATER”

    2. It has been alleged that the “binary” compensation plan is banned in India. This is not correct. There is no law that currently legislates this industry as-of-now. Furthermore there is no legislation banning the “binary” or any other compensation plan.
    “Oh this is the best so QNET does not operate a BINARY plan in India..well what you been teaching your IR,s all these years then….crap like F2, F2 F2, F2 F2, F2…really QNET FAKE IT TILL YOU MAKE IT…aur kitna Fakenogey merey bhai:

    3. It is alleged that 8 company executives have been arrested. This is not correct. The arrested individuals are QNET ‘Distributors’ or ‘Independent Representatives’ (IR’s - as they are referred to in QNET).
    “yea yea DISOWN your own Grand Up Lines….this way QNET will try to get away by putting all blame on the IE,s…Come on QNETERS see how the company is disowning its own IR,s”

    4. It has been alleged that the 8 arrested QNET IR’s have earned their commissions through “referrals” or “recruitment” pointing the business to be a ‘Pyramid Scheme’. This is not correct. QNET pays commissions on ‘SALE’ of products only. Numerous supporting documents have been already provided to the Mumbai EOW confirming this.
    “If this is true then why has EOW arrested the TOP IR,s? If QNET is true why does it not initiate action against EOW..why has QUESTNET/QNET not challenged the chargesheet filed by Chennai CB CID”

    5. It has been alleged that QNET draws “investment” from members. This is not correct. QNET is not in the business of "investments" but only conducts sales of products for which commissions are earned.
    “One sting operation was aired by Bloomberg exposing how QNET is pitched as a investment scheme..more sting operations will be aired soon. exposing the ugly under belly of QNET and exposing all the TOP IR,s in India….come on guys join the investigation as a witness or you all will also be in police net or you will have to abscond from India like Dev Wadhwani,Arti Dighe and the grand father of all MICHAEL FERIERA.”

    6. It has been alleged that only the IR’s on top make money. This is not correct. QNET provides equal opportunity to everybody to earn commissions.
    “oh yea yea…only 0.03 % of QNETERS actually made some money worth mention. While more then 99% lost their initial money invested.”

    I Hope QNETERS will at least wake up now and join the investigation and help the Government like other IR,s have done in Mumbai. It is your choice you want to be on the side of the law or against it. Regarding MONEY oh well you wont be making any of
    it any ways because the company is shutting down 

    Vande Matram
    Gurupreet

    REPLY

    karam

    In Reply to gurupreet 6 years ago

    Forget it !! Let us chase more IR's instead... time to get more IR's arrested ...once arrested let them and EOW figure what to do next ....

    An appeal to QNET folks around the country ... if you wish to get your money back ... turn approvers and approach the EOW ... you still have time ...else in pursuit of recovering your investment you may get reported ...

    SCAM BUSTER

    6 years ago

    TV NEWS COVERAGE OF QNET ARRESTS

    http://www.youtube.com/watch?v=q7QEFIaYu...

    SCAM BUSTER

    6 years ago

    LIST OF QNET TOP TIER IRS

    http://www.the-v.net/default.aspx?Page=i...

    PROFILES OF IRS WITH THEIR UPLINE DETAILS

    CLICK ON "KNOW YOUR ISB COMRADE"

    SCAM BUSTER

    6 years ago

    MICHAEL FIRREIRA, YOU KNOW NOTHING ABOUT QNET ACTIVITIES? - WHAT IS YOUR SON MARK FERRIRA DOING IN QNET THEN?

    http://www.the-v.net/isb-comrade-vc-mark...

    Coming from a wealthy family, V Council (VC) Mark Ferreira had almost everything he could ask for. But, behind all the material things that money could buy him, his life then was sad and destination less, “I had a great life, money wise, but was arrogant and need[ed] to learn life’s lessons. “ VC Mark added.

    One day, his father VC Michael Ferreira introduced him to the wonderful world of Network Marketing and showed him the best plan in the industry, and that plan was from QNet. “Initially [I] was very skeptical and was closed [minded]. Told him I would see [the] plan and when I saw the plan, my perception of the whole idea changed. I apologized to him [Michael] and began full time since Day 1.”

    And as a full time International Representative for QNet, Mark has embraced the InService Brotherhood. The brotherhood has taught him the things he was lacking in order for him to live his best life, ever. And that was humility. “All [processes] are special in their own way. For me though, the “click clack” surpasses all and helps me focus and also confrontation without conflict. I use this daily.” Mark confesses.

    When asked what his motto in life was, he had three things to say “1.Winning is a habit. 2. Live out of the glory of your imagination not your memory. 3. Live as though it is the last day of your life, but learn as if you are going to live forever.”

    A true champion that he is, Mark used to be a Tennis ace competing around the world. Today, Mark has brought that characteristic with him, all thanks to his mentor, his tennis coach, Charles “Chuck” Boyle, “He was my hero and guide in my life who taught me life’s values from an early age. I pay tribute to his memory by living what he taught me 30 years ago, NOW. The values of Disciplined Though, Disciplined Action leads to Disciplined result through RAF. Responsibility, Accountability within a Framework.”

    With his unparalleled spirit and drive, VC Mark Ferreira is surely taking this industry by storm and we have no doubt that he has his eyes set on the prize.

    karam

    6 years ago

    Where is Dev Wadwani, Malkom Desai, Manish Rawat, Pooja Gwalani, Manish Gwalani, Pallavi Walia Raj aka Infinity PAllavi, Bimal Raj, Amar Gutta, Biplob Bora, Shweta Bora ... list is endless ... just take a look at Dev Wadhwani's freind's list on facebook .... 3000 plus IR's to chase ... lot of work to do ...

    Great job Gurupreet !!!!

    gurupreet

    6 years ago

    Hello Friends, since i got my FIR registered in the month of August, it has been three months QNET has failed to re-start the "SYSTEM" In mumbai. First they had to cancel their grand celebration planned to be held at "Holy Spirit Hospital" Hall in andheri-east.

    Later these QNETERS tried to do a "system" in Islam Gymkhana and had to cancel that also.

    It is said that the third time these people placed advertisements in newspapers of mumbai to invite people into investing into a "Business Opportunity" and were holding that meeting in hall in dadar-west.

    It is being said that today morning crime branch officials raided several residential places of QNET leaders all over mumbai and the following were detained/arrested.

    Vivek Kumar Singh

    Shashi Bushanrameshwar Pandey

    Namrata Pandey

    Sabina Mathews

    Vijay Mathews

    Jagdev Singh Parmar

    Rohit Chandra

    Mahesh Bhansali

    All the above people have shared the "proceeds of crime" and huge amounts of money had been transferred into their bank accounts under the guise of "commissions paid". Sources say these huge amounts of money has been raised by running a money circulation scheme in India under the guise of "ecommerce" by QNET India.

    It is now upto the rest of QNET IR,s to decide whether they want to continue to be part of this crime of "money circulation scheme" or they want to join the investigation and help the police and become "Government Aprovers".

    It is your choice you want to become a accused in this crime, because some day some one will surely report you, it is better to give up this "white collared crime" now itself, then land into trouble later.

    I appeal to you all IR,s to give this anti national activity once again, Please do not forget this is not happening the first time. Previously also in chennai assets,properties,cars, bank accounts etc of all TOP IR,s and team leaders were sealed by chennai CID.

    gurupreet

    6 years ago

    First they ignore you,
    then they laugh at you,
    then they fight you,
    then you win.

    Mahatma Gandhi

    My fight is at stage three now, they are "fighting" me after having ignored & ridiculed me...

    Good Luck "Q"...

    gurupreet

    6 years ago

    *****Breaking News*****

    COUPLE WITH DIFFICULTY CONCEIVING…. HAVE BABY AFTER USING BIO DISC...

    Earlier today, a couple from Mumbai, with much love and anticipation, welcomed a healthy little bundle of joy into the world.

    Theirs is a story of ups and downs, having tried for the last 15 years to conceive a baby of their own. They had given up all hope and were about to call it quits, both in the bedroom as well as in the relationship, when out of the blue the husband received a phone call from an old childhood buddy of his who was in town, visiting.

    Please read the complete story on http://qnetexposed.com/couple-with-diffi...

    Hope you will like it :)

    Indian

    6 years ago

    Definitely its a scam the company gives you commision based on the amount of money you have collected from other people and not on the product you are selling. Even if you see the list of products all of them are unused and very expensive compared to other top brands. Now it is also clear that the swiss company wathces are made in Delhi and China.
    Thanks Gurupreet.

    gurupreet

    6 years ago

    TOP leaders of QNET INDIA start quitting QNET business stating family problems after bank accounts are being frozen.Most of them are in DUBAI (Yes we got details), but how will that help?

    For the record when the "chennai challenge" took place chennai police not only sealed bank accounts but also homes, property, cars etc bought using "money from crime proceeds" i.e money earned as "commission in QUESTNET BUSINESS"

    History will repeat it self..law will takes it course...next assets purchased out of commission earned will be sealed?

    Uff....kya mai bhi

    gurupreet

    6 years ago

    Hello Friends,
    EXPOSING one more SHAM product of QNET called QVI holidays package. Whenever you join QVI there appears terms and conditions page, please read it carefully and you will understand how it is a SHAM and BOGUS product which more than 90% of people joining will never be able to use. We have made a small interpretation of what we think about the terms and conditions in this blog, Please see and comment.

    http://qnetexposed.com/a-look-at-qvis-te...
    Please help us and spread the word of this SCAM all over.

    Some other interesting NEWS articles to read.

    MID DAY news paper Article on QNET, Money Laundering and victims speak.
    http://www.mid-day.com/news/2013/sep/030...

    Times of India News article on arrest of TOP IR of QNET in Mumbai.
    http://articles.timesofindia.indiatimes....

    Times of India News article on registration of police case FIR against QNET.
    http://timesofindia.indiatimes.com/busin...

    Times of India News article on registration of police case FIR against QNET.
    http://articles.timesofindia.indiatimes....

    Times of India News article on registration of police case FIR against QNET.
    http://articles.timesofindia.indiatimes....

    Business Standard news paper article on BENAMI share holders of QNET/Vihaan
    http://www.business-standard.com/article...

    Business Standard news papers Article on EOW/Mumbai Police action against QNET.
    http://www.business-standard.com/article...

    Business Standard news papers Article “Curios case of QNET”
    http://smartinvestor.business-standard.c...

    Article on Links of Mr.Suresh Thimri,s company Transview with Vihaan
    http://www.moneylife.in/article/qnet-the...

    Money Life news article how so called CEO of QNET INDIA denied his relations QNET and others.
    http://www.moneylife.in/article/qnet-whe...

    Money Life news article on registeration of police case FIR against QNET
    http://www.moneylife.in/article/qnet-mum...

    Money Life news article on FREEZING of bank accounts of QNET and other allied companies.
    http://www.moneylife.in/article/qnet-six...

    Money Life news article on FREEZING of bank accounts of QNET and other allied companies.
    http://www.moneylife.in/article/qnet-eow...

    Very interesting ONLINE article regarding the business model of QNET
    http://www.quora.com/What-is-the-Busines...
    http://www.quora.com/Multi-Level-Marketi...

    REPLY

    Ravindra

    In Reply to gurupreet 6 years ago

    Dear Gurupreet,

    Keep it up. Fight to the maximum. We are with you. I have my relatives engaged in this fraud scheme.

    Ravindra

    gurupreet

    In Reply to Ravindra 6 years ago

    thanks a lot, welcome aboard join the fight to throw these scamsters and white collared criminals out of our country

    gurupreet

    6 years ago

    Dear All,

    Below is the list of HARAM FATWAS issued against QNET/QUESTNET in India by the islamic scholars of Darul Uloom Deoband in India. I Hope the scamsters and cronies of QNET/Questnet now SHUT UP and STOP cheating the people of INDIA of their HARD EARNED MONEY.

    Question: 1664 India
    As-salaam alaikum My brother is doing net working business with a concept of e-commerce named Quest net .((http://www.questnet-india.com ) I wanted to know is this halal business It starts with A makes the investment of 30,000 by buying numismatic coins. Then A should make 2 members under him B & C ( each has to invest 30,000 ).Then B & C have to make 2 member under them 1, 2, 3, 4, , making the chain of 6 people. Once 6 members are done A will get Rs. 11,500/ once. As the group of 6 people is formed A keep getting 11,500 / for each group only once. The Company explains their business as below Here , all are customers of Quest, and buy directly from the company, not from a dealer/stockiest or distributor like in our traditional business and MLM company. When R buys a nokia phone from Quest with M?s reference, M gets a commission of Rs. 2000.When V buys a nokia phone from Quest with R?s reference, M & R both get a commission of Rs. 2000. When T buys a nokia phone from Quest with V?s reference, M, R & V all get a commission of Rs.2000. When A buys a nokia phone from Quest with T?s reference, M, R, V, T all get a commission of Rs. 2000. So on???.. . HERE WE HAVE THE SAME COMMISSION FOR ALL LEVELS. The numismatic coin is just an entry point into the business. Respected brothers I am very sorry to write such explainatory fatwa, Please mail the fatwa as soon as possible. Was salam
    Answer: 1664 Nov 11,2007
    (Fatwa: 1366/1218=B)


    According to the detail provided by you about the nature of the questnet, it is not a halal (permissible) business; it is haram (impermissible) by many ways.
    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,
    Darul Uloom Deoband
    http://darulifta-deoband.org/showuservie...

    Question: 20938 Saudi Arabia
    I want to know about one business. Which is as following. Sir the business name is network marketing. The process is that I buy one product which is truely HALAL.e.g wathces, Jewellery etc. Aftre buying the product the company from where I bought the products asked me whether you want to become our business parter If I said Yes. Then I become the business partern of that company. And the money I paid to buy the product is my investment. Now if some more persons come to buy the product from this company through my refrece. Then company will give me commission let say 3% to 6% of each product. and the products are truely HALAL. And there is no cheating also. If I make the marketing of this company and asked the people to buy more product from this company then my i will get profit. If i stop then i will not getting anything. Please let me know whether this business is HALAL or not ... i shall be very thankfull to you if you email me this answer.
    Answer: 20938 Mar 28,2010
    (Fatwa: 548/L=186/tl=1431)

    Network marketing involves cheating and invalid condition. Also, it involves earning profit by unlawful means; hence this business is unlawful according to Islam. It is not lawful to become a member of the company and receive profit.
    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,
    Darul Uloom Deoband
    http://darulifta-deoband.org/showuservie...

    Question: 7573 United Arab Emirates
    Dear Mufti, Asalamualaikum, I want to ask is network marketing is allowed in islam? Is it permisable to take the commission from the pepoles works whos is working below you?
    Answer: 7573 Oct 23,2008
    (Fatwa: 1152/993=L/1429)

    Network marketing is neither based on partnership nor Muzarba (investment by one partner and work by other), rather it consists of many invalid conditions, and it is similar to lottery and gambling. Also, there is so much deception that in the greed of wealth it can trap the entire population in financial crisis. Therefore, it is Islamically unlawful to become its member or to take commission from the work of the persons below you while you do not have a share in their work.
    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,
    Darul Uloom Deoband
    http://darulifta-deoband.org/showuservie...

    Question: 385 India
    As-salaam alaikum

    Right now I m doing business named RCM business it is MLM (Multi level Marketing) in this business we have to make twwo more distributor not more than that it is textile industry but now it also produces FMCG (Daily commodity goods) in this business the company gives us commission on the sale and on the purchasing goods from the company the concept of this business is that instead of giving money to the advertisers it gives commision to the distributor. As the business volume i.e. sales increases the percentile increses.But here it gives the commission from the sales.for eg if we buy a tooth paste for 32 rupees we get back 20% also as compared to other market product it is cheap. My question is that can we do this business.

    Answer: 385 May 23,2007
    (Fatwa: 118=117/D)

    It is allowed to become member of RCM and take commission on that. Likewise, it will be allowed to sell items purchased thereof and receive benefit. But, participating in the network marketing system which requires adding two members in the network and getting benefit on the purchasing of these members, is unlawful. Also, there are some more evils in this scheme that involve interest and Bai-e-Fasid (transaction having any major falult). Therefore, it will not be allowed to participate it.
    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,
    Darul Uloom Deoband
    http://darulifta-deoband.org/showuservie...

    Question: 31769 India
    There are companies who asking online opinion in terms of survey and giving Rs 500 on each survey. For example: do u aware about samsung computers? r u using it? quality is good or not? etc... speakasia company wants 11000 initially then you will get 2 sureys in a week. Total 8 surveys in a month till 11 months. 4000 for one month, excluding taxes.. They are asking 11000 because there is a new way of advertisment called Network marketing also called multilevel marketing. If I bring Two new person to join speakasia company they will give me 1000 Rs on one pair and if they 2 of them bring another 2 and 2 persons then I will get 2000 as 2 pairs now that 4 persons bring 2-2 persons then as per 4 pair I will get 4000 and so on. dis makes pple to advertise abt d company. hence every person advertising it. which makes company to attract more and more person. company uses 11000 to rotate it to public in the form of advertising. Is this allwoed or only survey allowed?
    Answer: 31769 May 02,2011
    (Fatwa: 796/277/TL=1432)

    Setting the condition of paying eleven thousand to get survey of the company is invalid condition, thus it is unlawful; therefore it is unlawful to join the companies and do surveys.
    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,
    Darul Uloom Deoband
    http://darulifta-deoband.org/showuservie...

    Question: 43912 Egypt
    I am willing to invest money with a company called star capital finance Ltd. which basically does the following: The company is based in New Zealand. The investor (myself) creates an account and debits an amount of money to invest with (for example $10000), the company invests these funds in daily transactions and gives back the profits on daily basis in my account. There is no guaranteed amount for profit or loss (this is variable hence the funds are added to my account after each transaction (daily) and I can withdraw my funds totally anytime with no restrictions. The company uses the funds to invest in 3 categories: (1) Gold. (2) Real Estate. (3) Foreign Exchange. Is participating in this Shariah compliant or not?
    Answer: 43912 Feb 04,2013
    (Fatwa: 373/274/D=1434)

    You wrote where the company invests but you did not write what is the method of its business? In the case when company gives you profit on daily basis, if it is the method of network marketing then it is not lawful as the business item is sold ahead without taking it into possession which is not lawful as per hadith. Rather sometime there is no existence of business item and only verbal sale takes place and profit and loss is also done which is not lawful. Hence it is not lawful to invest in it. If the method of the company is something else then you should write it in detail.
    Allah (Subhana Wa Ta'ala) knows Best



    Darul Ifta,
    Darul Uloom Deoband
    http://darulifta-deoband.org/showuservie...

    I Hope the scamsters and cronies of QNET/Questnet now SHUT UP and STOP cheating the people of INDIA of their HARD EARNED MONEY.

    gurupreet

    6 years ago

    Top 5 things I hate about Qnet:

    I actually wrote this post while listening to a Qnet presentation to one of my colleagues at work … I hope non of the Qnet people will take it personal as many of them do

    1. How materialistic it transforms people . with Qnet you only care about the $$$

    2. No one really cares about the products they are selling .. even the guy who was doing the presentation next to me, he didn’t really know much about the products. the guy allocated around 10% of the time talking about the products and the rest talking about gaining amazing profit from qnet with all the financial independence it provides

    3. Mind trick games the IRs play during the presentations ( am doing this for you not for me , i only invite people who are willing to work not anyone ,.....)

    4. After you enter Qnet .. you see everyone(Family, Friend , someone u barely know) as a potential customer or victim

    5. Trying to associate Qnet to any big organization or event … before that there was Microsoft which didn’t go any further than installing their web servers then they stopped mentioning it .. today I heard the guy saying that they are the official sponsor of "Formula 1" !!! … I googled it and it turned out they are sponsors for the Virgin racing Team ... it just shows how desperately they seek some credibility

    Qnet or any other "network marketing" thing (because it is not a job) is made for the losers in life. With all dissrespect, anybody who joins any of those crap company's is a lame loser. Those presenters just throw big "emotion driving" words like: Faith, Believe, Success, Dream...and use quotes from people who are REALY difference makers in the world (none of which are Qneters of course!) And they use those quotes or words to manipulate the crowd.

    I am really sad the world has become so materialistic and all people care about is money....or what u can achieve with paper (that is money)!

    Fulfill your dreams by joining Qnet! How can people live with themselves by selling "nothing" to people and claim that it will change ur life? That's just wrong! Don't be a slave to money! Use ur brain and don't take the "seemingly easy" way to achieve ur pathetic dreams!
    Work hard, study hard, train hard, dream of doing something that will help u, ur community and humanity! Don't dream of making X amount of money!

    At the end of the day, its ur choice. U choose if u want to live ur life being a slave for money, always look for the easy way out, don't have any humane values in life and stop using ur brain for the rest of ur life just to achieve ur "materialistic" dreams, then that's ur choice....use ur brain, don't let people use/abuse yours.

    I hope this thing collapses soon. Its nothing but mind games for laundering your money away. For losers who are part of Qnet I despise you and hope you realize what an idiot you have been after Qnet collapses.

    http://betello.blogspot.in/2011/06/top-5...

    karam

    6 years ago

    http://qnetexposed.com/wp-content/upload...

    See this folks ... this is great ! Gurupreet well done once again !

    SCAM BUSTER

    6 years ago

    Someone seems to be impersonating as "Gurupreet". While it may seem funny to the person to use Mr Gurupreet's name and I have no idea what action the real Gurupreet may take, Impersonating as Gurupreet is a Crime under Section 419 of the Indian Penal Code. Kindly don't compound your problems by taking to impersonation

    karam

    6 years ago

    https://getsatisfaction.com/qnet/products/qnet_qnet_india

    https://getsatisfaction.com/qnet/topics


    Cancellations ... cancellations and more cancellations ... keep them going ....Good job ...

    SCAM BUSTER

    6 years ago

    http://www.scribd.com/doc/124633110/Vija...

    REPLY

    karam

    In Reply to SCAM BUSTER 6 years ago

    Fato Sri is a fund raiser for terrorists in India ? If we go by the link shared on scribd ? Down with Fato Shri !!!! ROTFL !!!

    By the way Fato Shri cannot pull out of India with the money of IR's ... no easy way out .... Also what happened to the QNET Fodder, QNET school project in Karnataka ... ?

    gurupreet

    6 years ago

    Now Absconding Accused Vijay Easwaran disowns "QNET INDIA"

    These are experts taken from the interview of Absconding Accused Vijay Easwaran

    “QNET operates in India through a Franchise company hence Absconding Accused Vijay Easwaran has no involvement in it, he is neither a director nor a shareholder of Qnet India.

    He further threatened to seriously think of Pulling out of INDIA.”

    BOSS, you are talking of pulling out? YOU and YOUR SCAM will be KICKED out of my nation INDIA wait and see and this will not be the FIRST TIME that you are KICKED at your FAT A$$ and thrown out, will follow your SHAM company and expose it till you call it QUITS, the sooner you PULL OUT the better warna you know that saying “Badey Beaabroo ho kar terey dar sae nikley”

    So Mr. Absconding Accused Vijay Easwaran if you have a BRAIN to think of new new SCAMS there are people who can work together to EXPOSE your SCAMS...r u ready for it now….hahaha

    gurupreet

    6 years ago

    Suresh Thimri the WHITE COLLARED CRIMINAL and brain behind restarting the SCAM of ABSCONDING ACCUSED VIJAY EASWARAN, has been trying to evade the law enforcement agencies and cheating various courts including Bombay High Court by making statements on oath that "He has no relations with Vihaan, QNET or Vijay Easwaran" he further said "We have only a buyer-seller agreement with VIHAAN and nothing else" but he forgot one thing a criminal no matter how SMART he thinks he is will always leave a clue and a trail behind and this case is a open shut case of cheating and money laundering and we just need to point it out to the courts and that’s what i am doing.

    Friends below is the list of applications made by "Tansview enterprises India pvt ltd" for registering the Wordmark "QNET" in India under which Vihaan does the business of money circulation. We also have a official reply now got through RTI.

    This List exposes who is the real owner of the wordmark "QNET" in India under which VIHAAN is operating is the money circulation scheme...as they say...YOU CAN RUN BUT...YOU CAN NOT HIDE...
    App No Class Mark Journ Proprietor

    1961038 1 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961039 2 Q N E T 1460 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961040 3 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961041 4 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961042 5 Q N E T --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961043 6 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961044 7 Q N E T 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961045 8 Q N E T 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961046 9 Q N E T --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961047 10 Q N E T 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961048 11 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961049 12 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961050 13 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961051 14 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961052 15 Q N E T 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961053 16 Q N E T --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961054 17 Q N E T 1460 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961055 18 Q N E T 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961056 19 Q N E T --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    961057 20 Q N E T 1545 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961058 21 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961059 22 Q N E T 1460 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961060 23 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961061 24 QNET 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961062 25 Q N E T --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961063 26 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961064 27 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961065 28 Q N E T 1460 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961066 29 Q N E T 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961067 30 Q N E T 1461 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961068 31 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961069 32 Q N E T 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961070 33 QNET 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961071 34 QNET 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961072 35 QNET --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961073 36 QNET 1460 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961074 37 QNET --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961075 38 QNET --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961076 39 QNET 1458 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961077 40 QNET 1459 TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961078 41 QNET --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.
    1961079 42 QNET --- TRANSVIEW ENTERPRISES INDIA PVT.LTD.

    Vande Matram
    Gurupreet

    gurupreet

    6 years ago

    Hello Friends,

    If you have been cheated and lost money in QNET please conact by email on [email protected] and [email protected]

    Yyou can also call/sms Gurupreet on 09029060492. In case no answer on call, please SMS us.

    You can also send in your complaints in writing or visit personally and meet Mr.Kapase – Investigating Officer regarding QNET SCAM.

    Please write to:-

    Mr.Kapase – Investigating officer (QNET),
    Economic Offences Wing -3,
    Crime Branch, Mumbai Police,
    Police Commissioner’s Office,
    Opposite Crawford Market,
    D N Road, Fort,
    Mumbai 400 001.

    Friends please stand up for the cause and kick this SCAM out of our country again. Lets get this shut for the third time. Be The CHANGE…STOP the SCAM.

    Regards,
    Gurupreet.

    gurupreet

    6 years ago

    The State bank account of Vihaan aka QNET frozen...

    Account Name: Vihaan Direct Selling India Pvt Ltd,
    Bank Name: State Bank of India
    Branch: Horamavu
    Address: NO.2A Munireddy Layout,Horamavu Main Road, Banaswadi, Bangalore – 560043.
    Account No: 32322965489
    IFSC Code: SBIN0013397

    Happy Diwali Q...next is what?

    Hehe more to come ;)

    REPLY

    karam

    In Reply to gurupreet 6 years ago

    Step by step .... let us get these cheats and not allow a repeat scam ...

    Try catching the Vanamaala folks next ... many skeletons will tumble out of the closet ...

    gurupreet

    In Reply to karam 6 years ago

    vanamaala is already in the net do not worry :)

    Sandeep Patel

    6 years ago

    The Chairos watch - one of the most expensive watches sold by QNET is made in a bylane in Delhi, Mumbai and Bangalore ??? Unbelievable !!! Cheats !!

    REPLY

    SCAM BUSTER

    In Reply to Sandeep Patel 6 years ago

    Hi,













    If you have lost any money with QI/Qnet or have been scammed (or know someone who has), you can file a complaint with the Economic Offences Wing of the Mumbai Police. They have filed an FIR against QNet/Frozen bank accounts/arrested IR. They may get your money back or atleast save others from getting trapped in this scam. Their address is:





    Additional Commissioner of Police

    Economic Offences Wing

    Crime Branch, Mumbai Police

    Police Commissioner's Office

    Opposite Crawford Market

    D N Road, Fort

    Mumbai 400 001



    Rgds

    ARTICLES ON FIR AGAINST QNET BY MUMBAI POLICE/FROZEN BANK ACCOUNTS/ARRESTS:



    http://articles.timesofindia.indiatimes....




    http://timesofindia.indiatimes.com/busin...

    http://articles.timesofindia.indiatimes....

    http://articles.timesofindia.indiatimes....

    http://www.business-standard.com/article...

    http://www.moneylife.in/article/qnet-whe...

    http://articles.economictimes.indiatimes...

    http://www.moneylife.in/article/qnet-mum...

    http://www.moneylife.in/article/qnet-six...

    http://www.moneylife.in/article/qnet-eow...

    http://www.mid-day.com/news/2013/sep/030...

    http://www.business-standard.com/article...

    http://smartinvestor.business-standard.c...

    http://www.business-standard.com/article...

    SCAM BUSTER

    6 years ago

    Fatwa from the Standing Committee on the “Business and “Hibbat al-Jazeerah” companies and pyramid marketing schemes

    The Standing Committee for Academic Research and Issuing Fatwas has received many questions about pyramid marketing companies such as the “Business” and “Hibbat al-Jazeerah” companies, whose work may be summed up as being the attempt to convince a person to buy a product on the basis that he will also convince others to buy; they in turn will convince others, and so on. The more levels of participants there are, the more the first person will gain in commission, reaching thousands of riyals. Every participant convinces others to join in return for a large commission, if he is successful in getting new customers to join his list of members. This is what is called pyramid marketing or network marketing.

    Praise be to Allaah.

    The Committee replied: This kind of dealing is haraam, because the purpose of this dealing is to earn commission, not to buy the product. The commission may reach tens of thousands, whilst the product is not worth more than a few hundred. Any smart person who is offered a choice between the two will choose the commission. Hence these companies rely on marketing and advertising of their product which emphasizes the size of the large commission which the participant can earn, and offers the incentive of a large profit in return for a small sum, which is the price of the product. The product marketed by such companies is merely a screen or a means of earning these commissions and profits. Because this commission is really the point of the transaction, it is haraam according to sharee’ah for several reasons:

    1 – It involves riba of two types, riba al-fadl (involving exchange of goods of the same type but of different quantity) and riba al-nasi’ah (involving deferred payment of a larger amount than would be paid if it were paid immediately). The participant pays a small amount of money in order to gain a lot of money, in other words he pays cash for cash of a different amount and with deferred payment. This is the kind of riba that is forbidden according to the texts and to scholarly consensus. The product which the company sells to the agent is simply a screen for this transaction; it is not what the participant is seeking and it makes no difference to the ruling.

    2 – It is a kind of gharar (ambiguous transaction) that is forbidden in sharee’ah, because the participant does not know whether he will be successful in finding the number of purchasers (participants) required or not. No matter how long pyramid or network marketing lasts, it must inevitably reach an end, and when a person joins the pyramid he does not know whether he will be in a higher level and thus make a profit, or in the lower levels and thus make a loss. The fact of the matter is that most of the members of the pyramid lose out, except for the few at the top. So what usually happens is loss, which is the case of all ambiguous transactions. One of two things may happen, and it is usually the one that is most feared. The Prophet (peace and blessings of Allaah be upon him) forbade ambiguous transactions, as was narrated by Muslim in his Saheeh.

    3 – These transactions involve consuming people’s wealth unlawfully, because these contracts benefit no one but the companies and some participants whom the company encourages with the aim of tricking others. This is what is forbidden in the Qur’aan, where Allaah says (interpretation of the meaning):

    “O you who believe! Eat not up your property among yourselves unjustly” [al-Nisa’ 4:29]

    4 – This transaction involves cheating, deceiving and tricking people, by showing the product as if that is the purpose of this transaction, when that is not the case, and by enticing them with the idea of large commission which people do not usually earn. This is the kind of deceit that is forbidden in sharee’ah. The Prophet (peace and blessings of Allaah be upon him) said: “Whoever deceives us is not one of us.” Narrated by Muslim in his Saheeh. And the Prophet (peace and blessings of Allaah be upon him) said: “The two parties to a transaction have the choice, so long as they have not parted. If they are sincere and open in their dealings, the transaction will be blessed for them, but if they lie and conceal anything, the blessing of their transaction will be erased.” Agreed upon.

    With regard to the view that this transaction is a kind of brokerage, this is not true. Brokerage is a transaction whereby the broker receives payment in return for selling the product, whereas in network marketing the participant pays a fee in order to market the product. Brokerage means marketing the product in a real sense, unlike network marketing where the real aim is to market the transaction, not the product, so the participant markets to others who will market to others who will market to others and so on, unlike brokerage in which the broker markets the product to those who really want the product. The difference between the two is quite clear.

    With regard to the view that the transaction is a kind of gift, this is also not true. Even if we accept that, not every gift is permissible according to sharee’ah. A gift given in return for a loan is riba. Hence ‘Abd-Allaah ibn Salaam said to Abu Burdah (may Allaah be pleased with them both): “You are in a land where riba is widespread among them. If you have some right over a man and he gives you a load of straw or a load of barley or a load of fodder, this is riba.” Narrated by al-Bukhaari in his Saheeh.

    Gifts are subject to the rulings on the reason for which they are given. Hence the Prophet (peace and blessings of Allaah be upon him) said, concerning the zakaat-collector who came and said: “This is for you and this is what was given to me as a gift”: “Why don’t you sit in the house of your father and mother and see whether you are given any gifts or not?” Agreed upon.

    These commissions are only paid for the purpose of joining the network marketing scheme, no matter what names are given to them, whether they are called gifts or anything else. That does not change their nature or the ruling on them in the slightest.

    It is worth mentioning that there are companies that have appeared in the market which follow the practices of network marketing or pyramid marketing, such as “Smartest Way”, “Gold Quest” and “Seven Diamonds”. The ruling on these companies is no different from the ruling on the companies mentioned above, even though the products they offer may vary.

    And Allah is the Source of strength. May Allaah send blessings and peace upon our Prophet Muhammad and his family and companions.

    Standing Committee for Academic Research and Issuing Fatwas. Fatwa no. 22935, dated 14/3/1425 AH

    SCAM BUSTER

    6 years ago

    r. Yahya Al-Bahith, a columnist at the Saudi Gazette, has branded the practice of multi-level marketing (“MLM”) as non-halal and therefore ‘haram’, i.e. forbidden. The Saudi Gazette is the leading English-language newspaper in the Kingdom of Saudi Arabia, with daily print and online editions. In a Q&A format, Dr. Al-Bahith anchors a regular section in the newspaper, answering questions on Muslim-related religious and day-to-day matters.

    MLM: A Common Sales Model

    To appreciate the reasons for Dr. Al-Bahith’s objection to MLM, one must first understand what MLM entails. Also known as network, referral or pyramid marketing, MLM is a distribution structure for primarily consumer products. In this business model, a salesperson earns commissions not only on sales that he makes, but also on the revenue generated by other salespersons that he recruits. In turn, these lower-tier salespersons recruit their own sales forces, and the process goes on. As such, the model creates a hierarchy of distribution channels and, with it, multiple compensation levels. In order to become distributors, salespersons usually have to first pay an MLM company a fee and/or purchase its products.

    MLM originates from the U.S. Not surprisingly, the leading practitioners of this sales/marketing model are American corporations. Among these are the Amway Corp (health, beauty and homecare products) and the Herbalife group (nutrition and skincare products).

    Reasons For Forbidding MLM

    To back up his position against MLM, Dr. Al-Bahith cites a fatwa (number 22935) that was previously issued in Saudi Arabia. The fatwa alludes to MLM companies promoting their products to the marketers/ distributors by focusing on the huge commission they could potentially earn. Such an approach is objectionable on several grounds:

    Firstly, MLM involves a type of ‘Gharar’ activity, i.e. ambiguous transaction that is disallowed under Sharia law. After paying the MLM company a sum of money to join its marketing network, a distributor does not know whether he will find sufficient customers to sell to, and/or whether he can recruit enough lower-tier marketers in order to benefit from the sales that they make. Thus, MLM preys on profit ambition that could have dire financial outcome if unrealized.
    Secondly, MLM involves unlawful consumption of wealth under Sharia law. This is because people are enticed into parting with their money and becoming distributors by the prospect of huge profit that may not crystalize. Such a business model is un-Islamic, as it is has said in the Quran that Muslims should not unjustly eat up properties that are among themselves.
    Thirdly, MLM involves trickery. Ostensibly, a MLM company is selling its products as if they are the purpose of its business. However, ‘customers’ often buy these products not to meet their consumption needs, but in order to become distributors. In turn, they lure others to become their distributors by promises of large commission income. This is downright deception, which Prophet Mohammad had warned against by declaring that “(w)hoever deceives us is not one of us”.

    karam

    6 years ago

    We need to ensure that the repeat scam is not allowed to progress further !! Great job !!

    Please keep exposing the murky side of the Malaysian money launderer and his cronies from Mumbai and Bangalore !!

    gurupreet

    6 years ago

    cheaters and scamsters is all i can say...they do not have the GUTS to even own up their own business/companies...spineless creatures

    REPLY

    sachin hadap

    In Reply to gurupreet 6 years ago

    want to know if only comments will be passed on q net business or some serious steps will be taken by the authorities to stop this scam once n forever n help victims of this scam.gurpreet well done.three cheers!!!.
    anonymous

    karam

    In Reply to sachin hadap 6 years ago

    pls post your comments at the top for all to read.... it took some time to search your comments...anyways ... welcome on-board...

    Home Web Profit: Another online scam attempts to lure people with the promise of riches for basic typing work done from home

    Why would anyone offer Rs15,500 ($256) a day to do basic typing work? Well, it appears to be a straight scam, without even pretending to run a business or create a pyramid.  It simply asks people to register FREE, seeks credit card details, ostensibly as age-proof and begins by siphoning off money from members’ accounts.

     

    An email scam called ‘Web Profits From Home’ has apparently managed to ensnare hundreds of Indians with the promise of extraordinary returns form some simple typing work. In fact, it offers a whopping $257(Rs15,500) per day for typing work. The catch is that although it offers a free registration on its website homewebprofit.com as a limited period offer which would otherwise cost $99 (approximately Rs6,200 today). However, it requires potential members to provide credit card details, ostensibly for age-proof and there are innumerable complaints that the company has immediately deducted anywhere between $99 to $119(Rs7,000) on these credit cards.


    The online company homewebprofit.com is based in the US and claims to provide basic typing work to be done online. It further lures people by saying that the work does not require any special technical skills, intelligence and mastery and is persons across the world who are looking for easy income opportunities by working from home.
     

    Apart from the extraordinary returns, another give-away for even slightly sensible investors should be the hard-selling tone of typical MLM’s & Get-Rich-Quick Schemes -- “Try it today, be your own boss, set your own hours!  Join the thousands who already made Money using this system! Don’t miss the opportunity”. Had it indeed been such a mega opportunity, the company would have been flooded with more applicants than it could ever handle.

     

    Naturally complaints are already piling up from Indians. These include young, unemployed and retired persons and housewives.  The website scambook.com (http://www.scambook.com/search?search=home+web+profit&sort=date) shows 379 complaints filed so far, claiming  losses of $1,36,382(Rs84,50,000) caused by homewebprofit.com
     

    Balvinder shared how she got trapped by homewebprofit.com saying, “I received an email message to make Rs3,87,000 to Rs4,40,000 a month from home. I click on it and there is a pop up showing that it is free of cost. But the webisite asked my credit card details saying these were only required for age proof. When I filled details they deducted Rs1,254 from my account on 26 September 2013. I mailed them my complaint. Their site shows invalid numbers. On 29 September 2013, I got shocked after receiving message on my cell that Rs6,189 has been deducted by same company with different name Anchorage at Applied Training Online. I have no idea why this happened with me. I am very poor widow and the earning hand in my family”
     

    Another member complains that $119 was deducted from his account although the company claims not to have deducted the money.
     

    Interestingly, US based website is taking care not to dupe citizens of US and Canada. The website clearly states that “Sorry this offer is not available in US or Canada” . Yet, the website touts big American media names in a gimmicky fashion – it claims to have advertised on CNN, USAToday, ABC & MSNBC in order fool the very gullible.
     

    It also has an Indian site ‘newsonlineweekly.com’ which published “success stories” to entrap people to join this site. One such story is about an Indian mother who reportedly managed to earn Rs4,09,386 per month after joining this site. The story has an image of the lady and her daughter with their first cheque of Rs8,795. Tellingly, it does not allow comment and the section is closed with a message: “Comments have been closed due to spam. Please check back later” . This website follows the same gimmick of touting its own advertisements on Lokmat, Dainik jagran as a credibility booster.
     


    Moneylife has frequently warned that "If it looks too good to be true, it usually is."  This is clearly another in the same category. To know more about such online scams read our other articles:
     

    Great Money Lab”, another survey and email fraud, spreading wings
     

    Automated Paydays India: Work from home business, is it real or a scam?

     

    Another online survey company luring people

     

    Competition heats up in online survey space with the entry of domestic MLM companies

     

    Fanbox mail scam: Watch out for automatic debit from your bank, PayPal account

     

    Fanbox spam scam: Don’t fall prey to the earnings mailer

     

    SpeakAsia still can’t show valid, legal documents

     

    Infotech company selling ‘home-based jobs’ and UID kits for easy money

     

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    User

    COMMENTS

    Jenn Soto

    6 years ago

    Work Online Academy | Online Work
    It's so true the typing from home doesn't work. We've found just basic blogging on a really good blogging platform to be the best way to earn money online. Just drive traffic to it, capture leads with a capture page, and work on converting those leads into sales. It cost too much money to keep trying things that don't sound like they will work.

    Dr Anantha K Ramdas

    6 years ago

    This is yet another scam almost similar to the millions of dollars and pounds that the recipient of the message gets about being a "lucky" cell number or email addressee!

    We have to simply delete these messages, and not even open them!

    In fact, when we get emails from any unknown person, best is to delete without curiously looking up what is in the message!

    I have been a victim myself when a message, purported to be from Yahoo verification centre came, and, most methodically, I detailed the information sought for! and the result? My account was hijacked, and hundreds of friends received frantic message from "me", saying that I was stranded, penniless in Spain and asking for financial assistance! It took me days to get back to my account and notify all friends in my file that my account was breached.

    We should not fall for such tricks!

    Economy & Nation   Exclusive
    QNet: When India CEO Suresh Thimiri denies relations with the company

    QNet India’s CEO Suresh Thimiri, in his anticipatory bail application has denied any relations with the MLM company and its representatives!

    The case of QNet, the Hong Kong-based controversial multi-level marketing (MLM) operator is taking various twists every day; but this one will shock its tens of thousands zealous subscribers and distributors as well.  Suresh Thimiri, QNet India's chief executive, in his anticipatory bail application has denied any relationship with QNet or any of its representatives.

     

    Thimiri, in his anticipatory bail application filed on 19 August 2013, before additional session Judge DA Dholkia has said, "The applicant (Thimiri) does not hold any sort of relation neither with the Company (QNet) nor its representative (including Eswaran) against whom the Complaint has been lodged by the respondents (Gurupreet Singh Anand) in Oshiwara Police Station." (See image below)

     


    Interestingly, the same Thimiri is often seen hobnobbing with QNet's 'sales force' or independent representatives (IRs) as well as celebrities like Sri Lankan cricketer Muttiah Muralitharan as recently as in April 2013. One simple question, to the legendary cricketer. Why he is not promoting QNet in his home country? Is this because, Sri Lanka has particularly banned QNet in its previous avatar? (See image below)

     


    Even, Thimiri's profile on LinkedIn shows him as chief executive of Transview Enterprises (QNet) (). Transview Enterprises Pvt Ltd is an associate company of Vihaan Direct Selling India Pvt Ltd that handles QNet's MLM operations in India since 14 April 2012. Before that QNet's Indian operations were controlled by QuestNet Enterprises (India) Pvt Ltd a company registered at Chennai. QuestNet Enterprises was operating QNEI eStore, a platform from where IRs, which is how the investor-dealers of QNet are described, could place orders or buy products and also enrol new recruits. After launching Vihaan, the company asked all its old IRs to mandatorily register under the new business name in order to receive their commissions. Vihaan is a direct selling agent of QNet and had done large financial transactions with Thimiri's company Transview.

     

    Coming back to Thimiri’s submission in the Sessions Court, this may appear strange for those who do not have much knowledge of a typical MLM company and its operations. Most MLM companies tell distributors or IRs not to make claims for the products except for those found in company literature. (That way the company can deny responsibility for what distributors do.) However, many companies, including QNet and Amway hold sales meetings at which people are encouraged to tell their story to the others in attendance.

     

    Last year, senior Amway representatives Richard N Holwill and Rajat Banerjee, who met us, admitted that although some distributors tend to go overboard in pitching the scheme, income from being a distributor of Amway can, at best, be a source of additional income or pocket money for most people. It is not the pathway to riches as MLM companies make it out to be.

     

    Another modus operandi that is used by the top guns of MLMs is either they deny any association with the company and claim that they themselves are victims of this fraud! Reportedly, few years back police registered a complaint against a female IR (who has now become diamond in QNet) for fraud and cheating. The lady walked away from the case by claiming that she herself was a victim of this fraud. One wonders, why then the lady did not file similar complaint against the company? But this is how these MLMers operate.

     

    In case you are still wondering why Thimiri is not filing a complaint against QNet for using his name as CEO, here is an eye opener from the Hong Kong High Court. Hong Kong-based Kurt George Rocco Rinck, who was one of the founder-director of QI group, the parent of QNet, GoldQuest and QuestNet had filed the case. Although his case was dismissed on ground that he had signed a trust agreement and thus was liable to pay money to QuestNet, here is what Justice John Saunders had stated… 
     

    2.  The particular business run by QuestNet made it necessary for various of QuestNet’s directors to establish in their personal names, to be used as what were described as “buffer accounts”, bank accounts in which funds were held, to be available to QuestNet, to avoid potential problems which may arise should QuestNet’s own bank accounts be frozen.
     

    3.  In order to establish one of these buffer accounts, on 18 November 2003, Mr Rinck made a declaration of trust in favour of QuestNet in which he declared that he held all moneys in certain accounts with Citibank in Hong Kong, namely accounts numbered 12330345, 12330353, 82346968, 19356439, 39052036 and 29342899, (the Citibank accounts), which accounts were in his personal name, and that he held:
     

    “all money which may be accrued to or deposited into the aforesaid account from time to time on trust for the absolute benefit of (QuestNet) until such time as those money are withdrawn, transfer or in whatever way he taken out from the aforesaid account according to the instruction of (QuestNet).” (sic)
     

    4.  By a subsequent similar declaration of trust, dated 13 December 2005, Mr Rinck reiterated the declaration of trust that he had made in relation to the Citibank accounts, and further declared that he held all money in account number 800777 (under Identification #800777 SAWTSCHENKO) with Dominick Co Bank in Zurich, Switzerland upon trust for the absolute benefit of QuestNet.  In these proceedings the funds in the various accounts, as at 30 June 2006, have been referred to as the Trust Funds.
     

    5.  A dispute arose between Mr Rinck and QuestNet around late June or early July 2006, as a result of which QuestNet took steps to remove Mr Rinck from his positions as an employee and director of the company.  Mr Rinck disputes that those steps have been effective.
     

    Coming back to Thimiri, the Sessions Court has granted him interim bail on execution of personal recognizance (PR) Bond of Rs25,000 with one or two sureties of the same amount, while directing him to be present before the investigating officer as and when required.

     

    We sent an email to the PR agency of QNet India. The agency told us over phone, that QNet India does not want to provide any information, including names and designations of its top executives at this stage and may issue a statement once the investigations get over.

     

    You may also want to read…

    QNet: Six bank accounts frozen, more arrests soon, says EOW

     

    QNet: EOW freezes Rs45 crore in two bank accounts of the MLM

     

    QNet: Mumbai police register fraud case against the MLM
     

    QNet, the MLM has resurfaced in India; will people be duped again?

     

    QNet, the MLM company, has no answers to Moneylife’s simple questions

     

    QNet: The “money game” played by MLMs to lure the gullible

     

    Forbes magazine's strange activism on behalf of the shady MLM QNet

     

    MMM India, QNet ‘cult’ growing. Why government is dragging its feet in tackling this MLM menace?

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    User

    COMMENTS

    gurupreet

    1 year ago

    Hello Friends,
    We have been receiving hundreds of enquiries from QNET VICTIMS across India asking on how to join the FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India. You can contact us on WHATSAPP on 9137721819 .

    Congratulations to all FFVWA on our major mile stone and success in Supreme Court of India.

    Before proceeding further I would like to mention that we are contactable on WHATSAPP on 9137721819 and victims can contact me on Whatsapp on this number only as my two phones were stolen in Delhi and my main number 7498053701 could not be recovered.

    A brief summary on the need for forming the FFVWA is summarised in the two news stories below:

    https://www.mid-day.com/articles/qnet-forms-financial-fraud-victims-forum-scam-gurupreet-singh-anand/17659179

    https://www.mid-day.com/articles/victims-of-fraud-unite-to-catch-qnet-scamsters/19309192

    As you are aware we have successfully fought the best criminal lawyers appearing for QNET SCAM till date including lawyers like Kapil Sibbal, Salman Kurshid, Mahesh Jhetmalani, Abaad Ponda…the list is long. The fight is being fought on LEGAL GROUNDS with good FACTS and DATA. The fight has not been easy and but each and every court that I have appeared and argued my case In-Person I have won inspite of BIG MONEY POWER/PRESSURES etc from the QNET SCAM supporters.

    You can become part of our organisation FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India by downloading the membership form from

    DropBox at

    https://www.dropbox.com/s/2piy8eudhlz3oj6/FFVWA%20Membership%20Form.pdf?dl=0

    and filing it properly and sending it across by courier to:
    Anuja Kotecha (Joint Secretary)
    Flat no 701, Nazreth Niketan,
    Charath Singh Colony, Behind Dragon Fly Hotel,
    Andheri-east, Mumbai: 400093
    After having completed the form please take snapshots of the same and whatsapp to us on 9137721819.

    Please beware there are no short cuts to refund, stay away from individuals who promise you refunds illegally using various tactics. Stay united and fight for your rights LEGALLY.

    Regards
    Gurupreet Singh Anand
    Anuja Kotecha & FFVWA

    gurupreet

    3 years ago

    💥📣 HYDERABAD QNETSCAM victims meeting update 📣💥
    Dont REGRET later if you miss this meeting, for which we are taking special efforts.

    Please gather tomorrow i.e Sunday 23rd of July 2017 sharp 11AM at Sudarshan 35MM, RTC Cross Road, CHIKKADPALLI, HYDERABAD..
    For answers to your questions

    Ever since you lost your hard earned money in QNET SCAM, you all have multiple questions and facing multiple issues like:

    1. Where and whom to approach for recovering your hard earned money?

    2. How to help fight and stop this QNET SCAM?

    3. How to teach your CHEATER UPLINES a lesson?

    4. Issues regarding the “so called” “REFUND POLICY”.

    5. Are you eligible for “Compensations”?

    6. Issues regarding action by police authorities.

    7. What is the status of the court cases etc

    These are an example of just a few issues and concerns you are facing, but there is GOOD NEWS for you all. We have been working overtime to try and bring an end to these woes and issues faced by Victims of Financial Frauds like this QNETSCAM.

    So guys and girls coming Sunday i.e 23rd of July 2017 is the BIG DAY finally , Please do join us at 11AM at the above mentioned address and the location is also attached here with.

    Please do come and also inform other victims of the QNETSCAM in Hyderabad, Telangana and Andra Pradesh.

    For details WhatsApp me on 7498063701 or call on +918978700018 and speak to Mr. Raghav.

    Please pass this important message on all WhatsApp groups, Facebook and Twitter etc so all victims of QNETSCAM in Hyderabad and around can attend.

    Those who are attending please confirm in advance as we have limited capacity only🙏

    Jai Hind

    jitu moni

    3 years ago

    http://www.mid-day.com/articles/qnet-case-scam-mumbai-news-mumbai-airport-arrest-eow-aditi-mitra/18084164
    The Economic Offences Wing (EOW) of the city police arrested a woman in her early 30s on Thursday for her active involvement in the multi-crore QNet scam. The total number of arrested accused has now reached 47, which includes Billiards champion and Padma Bhushan recipient Michael Ferreira.
    In the Rs 1,000-crore scam of Hong Kong-based company QNet, nearly 5 lakh investors across the country were duped. QNet has been accused of using the banned binary pyramid business model for its multi-level marketing schemes to lure investors.

    QNet posed as a marketing firm selling bio-discs, watches, herbal products, holiday packages, etc. It also claimed that by using the bio-disc, one could cure cancer and brain diseases, the police said.
    Too much baggage
    Accused Aditi Mitra was intercepted at the Chhatrapati Shivaji International Airport, and subsequently, arrested based on the lookout circular that had been issued against her.

    Assistant commissioner of police Arun Jadhav confirmed her arrest said she was sent to police custody till March 23.
    Mitra was allegedly trying to flee to Dubai for good. She was carrying eight big bags and two handbags. Of the eight, two contained her belongings; she refused to say what was in the other six, sources said.

    Mitra, an independent representative associated with QNet, had been getting hefty commissions in return. She has multiple bank accounts, with one alone having Rs 25 lakh, as EOW officials found, adding that all her bank accounts have been frozen.

    Active player
    Investigators found that on the instructions of the other accused, Mitra was actively involved in the scam. She had brainwashed victims in order to induce them to invest in the scheme,” said special public prosecutor Pradip Gharat.

    A victim, Sewri resident Arpita Majarekar, said, “She would conduct welcome sessions in malls and trap people with her sweet talk.

    She had promised me and many others that if we invested in the scheme, we would get double the amount in three years.” Majarekar, who works in a private firm in Andheri, had invested nearly Rs 12.5 lakh in the scheme through Mitra.

    She has been booked under relevant sections of the Maharashtra Protection of Interest of Depositors in Financial Establishments Act, Prize, Chits and Money Circulation Schemes (Banning) Act, and the Indian Penal Code.

    gurupreet

    3 years ago

    GOOD NEWS...QNET VICTIMS IN MUMBAI...DEDICATED QUESTIONS & ANSWERS SESSION FOR QNET VICTIMS on Sunday 18th September 2016.

    Ever since you lost your hard earned money in QNET SCAM, you all have multiple questions and facing multiple issues like :

    1. Where and whom to approach for recovering your hard earned money?

    2. How to help fight and stop this QNET SCAM?

    3. How to teach your CHEATER UPLINES a lesson?

    4. Issues regarding the “so called” “REFUND POLICY”.

    5. Are you eligible for “Compensations”?

    6. Issues regarding action buy police authorities.

    7. What is the status of the court cases etc.

    These are an example of just a few issues and concerns you are facing, but there is GOOD NEWS for you all. We have been working overtime to try and bring an end to these woes and issues faced by Victims of Financial Frauds like this QNETSCAM.

    So guys and girls tomorrow is the BIG DAY finally , Please do join us tomorrow (Sunday) afternoon at 1.30 PM sharp at Andheri east, outside Sarangi Restaurant (Just 1 minute from the Andheri station on the east side).

    Please do come and also inform other victims of the QNETSCAM.
    Tomorrow (Sunday) afternoon sharp 1.30 PM, outside Sarangi Restaurant , Andheri-east, Mumbai.

    Please note we have limited seats, first come first served basis allotment..so make sure to reach in time __/\__ . You can contact on 7498063701 in case of difficulty in locating us :)

    Jai Hind.

    jitu moni

    3 years ago

    http://timesofindia.indiatimes.com/city/hyderabad/4-persons-associated-with-MLM-company-arrested/articleshowprint/54204335.cms?null
    Four persons, who were associated with Hong Kong-based QNET, a multi-level marketing (MLM) company, and duped 200 persons by promising them jobs, were arrested by Central Crime Station (CCS) officials on Thursday. However, the MD and directors of QNET and its sister company Vihaan Direct Selling are still at large.


    Deputy commissioner of police (CCS) Avinash Mohanty said Sreenath Konda, Prasanna Kumar Reddy, V Kanchana, B Dhan Raj were arrested from different locations in the city for cheating people.


    Police said the accused had been enrolling gullible people as agents by collecting Rs 10 lakh from a group of 10 persons.


    Each person would be given status of promoter, direct them to attract a group (i.e., 10 persons) and make them join QNET by paying Rs 10 lakh, for which the promoter would be assured commission.

    jitu moni

    3 years ago

    http://zeenews.india.com/news/maharashtra/qnet-case-sc-directs-maharashtra-govt-to-file-latest-probe-report_1924693.html
    Mumbai: The Supreme Court on Thursday directed the Maharashtra Government to file the latest status report regarding investigation so far on the anticipatory bail plea of World Billiards champion Michael Ferreira and four others, who are facing charges of money laundering in the multi-crore QNet case.

    The next hearing in the matter will take place on September 14.

    Besides Ferreira, the others whose anticipatory bail plea were rejected were Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt. Ltd, and Suresh Themiri, director of Transview Enterprises.
    They are facing charges under Sections 420 (mischief), 468 (forgery), 471 (using forged document knowing it is not genuine) of the Indian Penal Code (IPC).

    Justice Mridula Bhatkar of the Bombay High Court, who took on record the statement of public prosecutor Pradeep Gharat that investigations were still on, had in May rejected their anticipatory bail pleas.

    Ferreira had started the operations of QNet, a multi-level marketing company, in India via his firm Vihaan Enteprises.

    The QNet cheating case began with a complaint by Gurpreet Singh Anand, who raised his voice after losing Rs. 30,000.

    According to the police, the money involved has crossed Rs. 1,000 crores in the alleged scam with more than five lakh investors allegedly losing their money in the case against QNet which is being probed by the Economic Offences Wing.
    ANI

    jitu moni

    4 years ago

    http://www.newsambit.com/eow-of-delhi-police-registered-case-against-qnet-india-and-its-irs/
    NewsAmbit, New Delhi
    Delhi Police Economic Offence Wing(EOW) has registered an FIR against QNET India/Vihaan Direct selling India Private Limited and its three independent representatives on the allegations of cheating and fraudulently operating the multi level marketing, which is illegal in India. Police have initiated the investigation and suspecting huge scam, which is estimated in crores.
    A senior Police officer of EOW said that we received a combined complaint against QNET India and its three independent representatives from more than dozen of people in the month of March this year. As per the allegations of main complainant Anuj Jain alleged that his friend Himashu Aggarwal approached him for an business opportunity. He said that he is an independent representative(IR) of an e-commerce based company. He said that he can arrange an meeting with the other IR’s who will tell you about the business and if they find you suitable you will get chance to be a part of the company. After few days Himanshu called Anuj Jain to come with a CV at a café situated in Nehru Place area on 29 November 2015. Anuj reached there, where he met with Himanshu and his to associates Anita Jaggi and Kanika. Trio told him about the business profile and also assured that this is not a networking marketing company. They demanded Rs 6.5 lakh to be a member of the company. They also said that company has millions of customers. IR of the company is treated as a partner and also got the profit share for each sale. After three four days Anuj gave them 6.5 lakh rupees but after some time he got to know that this is a multi level marketing company and fraudulently cheating innocent persons by roping them in it’s banned business with the help of IRs.
    Police said that Anuj is not the only complainant so many more complainants also approached to EOW. After which a preliminary enquiry had conducted. It was found that some persons who are termed as IR contact their friends and close persons to join a new e-commerce business. They don’t tell the name of the company or complete business module at the beginning. After alluring them they set various amounts from the victim. Independent Representatives(IR) get training during the joining and talk to make further members. These kinds of IRs of the company are operated from different cafes and food courts situated in Delhi and NCR.
    Those who join the company get user id etc and products like ravel packages, some other items etc are shown purchase from their money. The delivery address given in the portal is also found of overseas area most of the time and mostly that address is too fake type location only which shows that no products are being sold and it is a completely a money circulation scheme. Two websites were found involved in the namely www.unetindia.in and www.cmetindia.net were found mated to Vihaan Direct selling (India) Pvt ltd which is stated Indian Franchisee of Hong Kong based net company. Investigations are on. Police are trying to unearth the whole network of the IRs on which this company is running its business unlawfully in Delhi. A case has been registered u/s 420/120B/34 IPC and 4/5/6 of Prize Chits and money circulation Schemes(Banning) Act,1978 .

    Profiles of IRs
    Himashu works with Samsung
    Anita Jaggi works with RBS

    jitu moni

    4 years ago


    Bluru QNet agent who earned 50L a yr as commission held
    Mumbai: The Economic Offences Wing (EOW) has arrested Ram Singh, an accused in the Rs 1,000 crore QNet case, for earning Rs 50 lakh or more as commission each year from proceeds of the crime.

    Singh, a Bengaluru resident, was arrested last week after the imigration authorities at Bangalore airport detained him over a look out circular notice (LOC) issued by the Mumbai police. "We are going through all his bank account details and trying to ascertain the source of money to his account," said DCP Pravin Padwal of the EOW.

    Singh's name had cropped up during the initial investigation in 2013 but the police could not locate him then. In January 2015, a police team visited his Bengaluru residence but did not find him there. The house was locked. He is the 19th accused to be arrested in this case so far.

    "We are working to arrest all the culprits in this case. A special investigation team has been formed to nab the othe accused invovled," said Dhananjay Kamalakar, joint police commissioner, EOW. Singh, said police sources, has been sending money to his daughter who is studying in Canada. "We have to know his source of income. He has sent a major chunk of money to Canada. We suspect this money was gained from QNet. Moreover, he was looking after the QNet business in Dubai and has been shuttling between Dubai and India. We got his passport number late. Soon after getting it, we issued an LOC notice and he was detained," said an officer.

    A special MPIDA court in February this year rejected the anticipatory bail plea of Michael Ferreira (77) winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others, Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt Ltd and Suresh Themiri, director Transview Enterprises. They all have approached the high court now in the QNet case.

    "They posed as a marketing firm which would sell bio-discs, watches, herbal products, holiday packages, etc. They even claimed that by using the bio-disc, one can cure cancer and brain diseases," cops said. Some money has been transferred to Malayasia, Singapore and Hong Kong, too, cops added.

    jitu moni

    4 years ago


    http://timesofindia.indiatimes.com/city/mumbai/EOW-to-now-probe-celebs-role-in-QNet/articleshow/52333087.cms
    Mumbai: The city's economic offences wing (EOW) is now looking into allegations that several Bollywood celebrities campaigned for the cheat firm, QNet, through advetisements or by promoting the schemes of the self-proclaimed marketing firm.

    Gurupreet Singh Anand, complainant in the Rs 1,000-crore QNet cheating case, on Wednesday said at least four Bollywood actors promoted the Ponzi schemes at different times in the QNet's promotional programs in United Kingdom and Malaysia. He has submitted a 23-page letter wherein he has attached the celebrities' pictures promoting the programs.

    "I have submitted letter and all the relevant information to the EOW on May 12. I am hoping some action soon," Anand told TOI. He alleged that the money was laundered from India to Hong Kong and Malaysia.

    Anand was speaking at a press conference where suddenly a group of QNet sympathisers appeared with "I trust QNet" placards.. They were later asked to leave the conference room.

    jitu moni

    4 years ago


    http://timesofindia.indiatimes.com/city/mumbai/EOW-to-now-probe-celebs-role-in-QNet/articleshow/52333087.cms
    Mumbai: The city's economic offences wing (EOW) is now looking into allegations that several Bollywood celebrities campaigned for the cheat firm, QNet, through advetisements or by promoting the schemes of the self-proclaimed marketing firm.

    Gurupreet Singh Anand, complainant in the Rs 1,000-crore QNet cheating case, on Wednesday said at least four Bollywood actors promoted the Ponzi schemes at different times in the QNet's promotional programs in United Kingdom and Malaysia. He has submitted a 23-page letter wherein he has attached the celebrities' pictures promoting the programs.

    "I have submitted letter and all the relevant information to the EOW on May 12. I am hoping some action soon," Anand told TOI. He alleged that the money was laundered from India to Hong Kong and Malaysia.

    Anand was speaking at a press conference where suddenly a group of QNet sympathisers appeared with "I trust QNet" placards.. They were later asked to leave the conference room.

    jitu moni

    4 years ago

    QNet: Secret SFIO report says MLM, Ponzi schemes a threat to national security
    Read article http://www.moneylife.in//article/qnet-secret-sfio-report-says-mlm-ponzi-schemes-and-lsquo-a-threat-to-national-security-and-rsquo/46817.html

    jitu moni

    4 years ago

    Hello Everyone

    The company Qnet is celebrating VCon from 3-7 May. As a present,yesterday late night, I posted lot of comments on numerous pics uploaded on Instagram. I also posted on VChief Pathmans account. Unfortunately, they kept deleting my posts and had to ultimately block me. If each one of us, Indians, takes to instagram and starts posting messages like me, then they would have to either block us or abandon their account, which is their money making tool. You can start with Qnetofficial,TheV, Pathmans account, etc with phrases like Pyramid Scheme, Qnetscam, Franchise Fraud, Police arrests, court cases,Cheating, etc. They cannot stop us if we all work as one unit.

    Hope we all teach them a lesson and save other fellow Indians.

    Jai Hind

    jitu moni

    4 years ago

    http://www.asianage.com/mumbai/cm-devend...
    CM Devendra Fadnavis has assured detailed inquiry into QNet: BJP
    Chief minister Devendra Fadnavis has promised to make a detailed inquiry of the alleged irregularities by the QNet multilevel marketing company and take action against the offenders, said BJP spokesperson Madhav Bhandari on Saturday. Former union minister P. Chidambaram’s wife was a legal counsellor with the company.

    The QNet company, which was earlier known as Goldquest, has cheated 12 lakh people to the tune of thousands of crores of rupees. The court has rejected anticipatory bail to the accused in this case. When the CM was contacted about this, he promised to make a detailed inquiry and take action. If necessary, he said that the CBI’s help would also be taken, said Mr Bhandari.

    The party spokesperson demanded that the role of former Union minister P. Chidambaram and his wife needs to be probed in this case. “Mr Chidambaram’s wife was a legal counsellor of the concerned company. Taking note of complaint registered by a lawyer from Chennai, the Central Vigilance Department handed over the case to the CBI. The complaint also has a mention of former Union minister Shashi Tharoor. However, the CBI did not investigate the matter during the tenure of Congress government at the Centre,” he alleged.

    In Maharashtra, the wife of Gurpreet Singh Anand had in 2013 filed a complaint of fraud against the company. However, there was not much inquiry during the Congress-NCP regime. But since the court has denied anticipatory bail to other accused, including sportsman Michael Ferreira, the investigation can be expedited. Many sensational things are expected to come out in the investigation as the CM has promised to carry out a detailed probe in the case, said Mr Bhandari.

    REPLY

    Scott Johnson

    In Reply to jitu moni 4 years ago

    Any idea how long these investigations normally take? Qnet operates similar to Amway, the largest MLM scam on the planet: http://www.StopTheAmwayToolScam.wordpres...

    Amway has 2 major problems, as do most MLMs:
    1. The products are overpriced, which makes them almost impossible to sell to customers and results in Amway being an illegal pyramid, according to the FTC and SEC websites and previous court decisions, and
    2. The Tool Scam is hidden profit for the top level distributors only, and the vast majority of distributors operate at a net loss as a result. This is RICO fraud.
    Read about these and much more at http://www.StopTheAmwayToolScam.wordpres... and email
    [email protected]
    if you want to help shut down Amway and other MLM scams.

    jitu moni

    4 years ago

    Mumbai police seeks Zee business help in probe of QNet
    https://http://www.youtube.com/watch?v=RabPkRNutwU

    jitu moni

    4 years ago

    http://timesofindia.indiatimes.com/city/...
    A group of investors in the QNet multi-level market case on Sunday gathered near Holy Family Church and marched as a protest and public awarness against ponzi schemes. The protesetors reached at the house of accused Padma Bhushan Michael feriera in the QNet cheating case. The protesters were holding placards that read, Michel Ferriera Shame Shame! and Ban QNet".

    "We chose Bandra for protest since most of the accused in this scam reside here. We had informed the police in advance and stated that the peaceful march will be for awareness about such fraud schemes and protest against such ponzi schemes," said Gurpreet Singh Anand, the first complainant in the QNet cheating case. He added that thgough it was his birthday but he did not spend time at home and was busy in the awareness drive.
    Similar protests were held in New Delhi, Bangalore and Hyderabad on Sunday. Last month a special MPIDA court rejected the anticipatory bail plea of Michael Ferreira, winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others in the QNet case. They have approached the Bombay High Court for anticipatory bail. Ferreira, 77, and others had applied for anticipatory bail in 2014.

    jitu moni

    4 years ago

    http://timesofindia.indiatimes.com/city/...
    The economic offences wing of Mumbai police, probing the multicrore Qnet scam, has issued notices to Indian Super League (ISL) officials to gather details about taking sponsorship from the tainted company.
    Qnet had made celebratory association as the official direct selling partner of Goa Football Club (FC Goa) throughout the Indian Super League 2015 season, from October to December. FC Goa is a part of the ISL football league tournament. Sources said the police are trying to find out the how the proceeds of crime of a company under serious investigation, have been used to sponsor the team. Police are also baffled as how the Qnet managed to generate money when its accounts have been seized. "We have sum moned ISL officials to understand the amount and flow of money in their sponsorship from the Qnet company which had defrauded several investors," said an official.

    jitu moni

    4 years ago

    The fight against the Qnet scam wheré more than 7000 crores of rupees has been laundered out to foreign shores from India has just got bigger.

    The Saradha Scam which started mainly in Bengal looks relatively smaller compared to the Qnet scam which had defrauded people across various cities like Mumbai,Delhi,Bangalore,Hyderabad etc for over a period of 10 years.

    To unite and protest against this MLM scam plaguing India, all victims,activists, are requested that they gather outside Holy Family church,Hill Road,Bandra West at 10.30 A.M. tomorrow 24th April,2016.

    Various press and media agencies will be present to cover the event meet and address grievances to authorities.

    The current government has taken note of the Qnet scam and matter will be taken up at upcoming Parliament session.

    All Indians are cordially invited to support the cause and join in the protest. We need to end the scam by spreading awareness and recover the money taken away by the scamsters.

    A request to all to please forward this message on Facebook, twitter and WhatsApp groups... Jai Hind

    Dev

    4 years ago


    http://timesofindia.indiatimes.com/city/...

    GURGAON: A city-based businessman was allegedly cheated out of Rs 4.5 lakh by seven persons on the pretext of helping start his e-commerce business. An FIR was lodged against them on Saturday for cheating and fraud.
    According to police, businessman Sumit Kumar, a resident of Sector 15, had filed a complaint against seven accused identified as Sameer Suman, Aditya Birla, Sumeet Goyal, Deepak Aggarwal, Mayur Maidh, Vajinder Pal and Anubhav Bhatia alleging that he had paid them a fee of Rs 4.5 lakh for setting up his business through multilevel marketing. However, the business never took off.
    Latest Comment

    Please be aware of this (money sucking)Scam. Please do not forget to share this and save your friends and country financ... Read More
    Atul Gupta
    SEE ALL COMMENTSADD COMMENT
    Kumar told the cops they had contacted him around November 2014, pretending to work for an e-commerce company based in Bangalore. "They told me if I agree to get into a venture with them, then I can start earning well within a few months. I met them in a hotel in Connaught Place in Delhi on December 18, 2014. I handed them a demand draft for Rs 4.5 lakh in the name of Vihan Direct Selling India Limited. It was cashed on January 31, 2015. A few days later they stopped all communication," he said.
    The case was assigned to the cybercrime cell and after a yearlong investigation the allegations were found to be true. Subsequently, the FIR was lodged under sections 420 (cheating), 409 (criminal breach of trust by banker or agent), 120B (criminal conspiracy) of IPC, sections 3, 4, 5 of prize chit and mone cir schemer act and sections 3, 4, 16 of Haryana protection of interest of deposits Act under sections 420 (cheating), 409 (criminal breach of trust by banker or agent), 120B (criminal conspiracy) of IPC, sections 3, 4, 5 of prize chit and mone cir schemer act, 58-B of RBI ACT and sections 3, 4, 16 of Haryana protection of interest of deposits act, said inspector Naresh Kumar.

    Agyat Vyakti

    4 years ago

    Off the topic. This is just for awareness.. Qnet and MLM are using friends and relatives to dupe you... You may like to read Qnet modus operandi with screen shots and facts and how to avoid them here ... Please share for public interest.. Qnet Scam in delhi by Ashwin Baluja and Prithvi Raj Grover http://qnetindiascam.blogspot.in/

    jitu moni

    4 years ago

    http://www.moneylife.in/article/qnet-mpi...
    The special court has rejected anticipatory bail applications of two directors of Vihaan, Suresh Thimiri of Transview as well as Malcolm Desai and Michael Ferreira, the stakeholders of Vihaan that handles QNet's MLM operations in India

    The special Maharashtra Protection of Interest of Depositors (MPID) Court on Tuesday rejected anticipatory bail applications of five accused in the multi-crore QNet scam. This includes, Srinivas Rao Vanka and Magaral Veervalli Balaji, both directors of Vihaan Direct selling (India) Pvt Ltd, Suresh Thimiri, director of Transview Enterprises India Pvt Ltd, Malcolm Nozer Desai, who is 20% stakeholder in Vihaan and Michael Joseph Ferreira, former world champion of billiards and 80% stakeholder in Vihaan.
    The Economic Offences Wing (EOW) of Mumbai Police, which is probing the case, had invoked the stringent MPID Act against controversial multi-level marketing (MLM) company QNet, which has denied any wrongdoing on its part.

    Transview Enterprises is an associate company of Vihaan Direct Selling Pvt Ltd that handles QNet's multi-level marketing (MLM) operations in India since 14 April 2012. Vihaan Direct Selling, in which Michael Ferreira, the former world billiards champion, owns 80% stake, is a direct selling agent of QNet and had done large financial transactions with Thimiri's company Transview.

    The EOW had booked several accused including the former world champion of billiards and five companies related with QNet, under the MPID Act. This means all the cases against QNet, Vihaan and all those involved in the MLM scam would be heard before the special MPID Court. Until now, the accused were being investigated for cheating and forgery under the Prize, Chits and Money Circulation Schemes (Banning) Act 1978, and for money laundering by the Enforcement Directorate (ED).

    In February 2014, the ED registered a case under the prevention of money laundering act (PMLA) against QNet, Vihaan Direct Selling, Ferreira and QNet founder Vijay Eswaran and three other independent representatives (IRs) of the MLM operator.
    Gurupreet Singh Anand, a computer consultant from Lokhandawala, Andheri in his first information report (FIR) stated that his wife was duped for Rs30,000 by some people who had introduced themselves as the independent representatives (IRs) of QNet. Anand told the police, “They (IRs) had said that one of the bio-products my wife bought could be used to treat my 12-year-old son's brain-related diseases.”

    REPLY

    Scott Johnson

    In Reply to jitu moni 4 years ago

    Have you heard anything about the legal status of Amway? As you probably know, the Amway India CEO was in jail in 2013 and for 2 months in 2014.

    gurupreet

    In Reply to Scott Johnson 4 years ago

    they made submissions that amway has changed thier business model in India

    jitu moni

    4 years ago

    http://timesofindia.indiatimes.com/city/...
    MUMBAI: Investors who lost their money in major scams and multi-level marketing's cheating cases can heave a sigh of relief now. The state government has appointed 49 new competent authorities (CAs) to take decision in as many as 101 cases regisered under the strinent law, The Maharashtra Protection of Interest of Depositors (MPID) Act. This will help to dispose of as much as Rs 10,000 crore of investors that is stuck in over a hundred cheating cases' legal battle.

    Earlier, the city economic offences wing (EOW) had only two competent authorities. "CAs will proceed with the procedure of disposal of properties and realisation of money for repayment to the investors. It will expedite the process of recovery and will help the victims who have been cheated to get their money back," said Dhananajay Kamalamakr, joint commissioner of police and EOW chief.

    The big cases where these CAs will focus first include the cheating cases incluidng National Spot Exchange Limited (NSEL), QNet, SpeakAsia, fixed deposit scam led by Sheesha lounge owner Mohammed Fasih and the Mumbai District Cooperative Bank. SpeakAsia alone has over 24 lakh investors. The money lost in this case is over Rs 2,276 crore while investors' over Rs 6,000 crore is stuck in the NSEL case.
    TOI had on October 11, 2015 reported about that as many as 62 cases under the MPID act were pending in a city court due to non-appointment of a competent authority. While seized properties of the accused in all the above cases await disbursement among the victims, the city police has sent a proposal to the state for several amendments including the appointment of CA for a speedy return of public money, said police sources. More than Rs 10,000 crore public money is stuck in MPID cases in the city alone, they said.

    "Earlier, non-appointment of competent authority defeated the objective of the enactment of the MPID Act," said an EOW officer. While an investigating officer probes the criminal part of a case, the civil aspects such as the attachment of properties, sale-realization of properties, and disbursement of sale proceeds to the victims are exclusively in the domain of the competent authority who is a revenue officer of deputy collector rank.

    "It is observed that competent authority has been appointed in 23 cases in the city MPID cases earlier, notification of the properties in the official gazette is yet to be published. Hence, it would be better to have CAs with independent portfolio for MPID cases," said a senior IPS officer.

    Major cases where the appointment of competent authority will give relief to investors:

    · NSEL Rs 6,000 crore
    · SpeakAsia Rs 2,276 crore
    · QNet Rs 425 crore
    · FD scam Rs 325 crore
    · Mumbai District Cooperative Bank Rs 119 crore

    jitu moni

    4 years ago

    http://www.asianage.com/mumbai/bombay-hc...

    In a setback to voiceover artist Tarun Ratnani, the Bombay high court turned down his application seeking waiving of trial court order asking him to furnish a bank guarantee of Rs 35 lakh failing which the investigating officer would sell his BMW car and deposit the amount with bank registry as security in the Rs 800 crore QNet scam.

    The prosecution’s case is that Ratnani is one of the main accused in the scam and during the course of investigation, it was revealed to the investigation agency that the appellant has purchased the said vehicle by using the proceeds from the aforesaid crime.

    Considering this, the police had seized the BMW that belonged to Ratnani; however on his appeal, the special MPID judge issued a direction to release the said vehicle subject to the appellant furnishing bank guarantee of Rs 35 lakh and indemnity bond of the same amount within a month, failing which the investigating officer was directed to sell the said vehicle and to deposit the sale proceeds in the name of registrar of sessions court for an initial period of five years pending the trial.

    Ratnani, through his lawyer, had requested the court to give back his car on indemnity bond without a bank guarantee of Rs 35 lakh. He had contended that he had sold his old car and used Rs 4 lakh from the profits earned from QNet investments and the remaining was paid through loans so it cannot be said that the car was bought from money earned from QNet and hence the car should be handed over to him on bond. He also assured the court that if investigating agency comes to the conclusion that the car was bought entirely from the proceeds of the alleged crime then he would reimburse that amount.

    However, the division bench of acting chief Justice V. K. Tahilramani and Justice A.S. Gadkari rejected his application and held that the trial court has not committed any mistake in passing the impugned order.

    KK Blr

    4 years ago

    Dear Team,

    Please find latest activities about Qnet in Bangalore.This is MLM company and work on Pyramid marketing. I have encounter these activity recently in Bangalore.I came to know through Internet and Moneylife that there are lots of arrests and cases releated to Qnet in AP and Mumbai as well as in Bangalore.
    I learnt that Qnet is MLM company which worked on pyramid scheme which is banned in India i thought i inform to the respective department of "MoneyLife" I appreciate that Moneylife is following Qnet and wanted to stop his operations in public interest.

    I request to investigate and cover this news again. Qnet is mushrooming in Bangalore in big way. I have seen lots of people promoting in different coffee shop in Bnaglaore. Thy have full-fledged office where thy seat together in weekend and plan to trap innocent people. thy conduct seminar in Bangalore on monthly basis where delegates comes from other places where thy fool people by convenience innocent people to become millionaire.
    Latest interview of Mr Rajvardhan Sinha, Additional commissioner-EOW, Mumbai Police confirmed lots of arrests. So i am writing mails. Please find below link for his interview

    https://http://www.youtube.com/watch?v=RCthyAIc_...
    http://www.moneylife.in/article/qnet-eow....

    Master Mind of Bangalore operations are Shailendra Madrawarkar, Ram Singh, Sanjeev

    Mahrotra and Sunil Ganju. These people are taking care Bnagalore operation and minting crores

    of money by fooling innocent people who is having ambition to earn money. These are good mind

    washer who know the week point of innocent people and then mind wash them collectively. Every

    month they conduct seminar/meeting in Bangalore and convince lots of people.

    I urge and request to moneylife to cover this news again focusing Bangalore to alarm lots of people who might get trapped in this web and loose there hard earned money.

    Scott Johnson

    5 years ago

    That's good news, but like the U.S., it's taking a very long time to shut these scams down completely. For more details about how most MLMs like Qnet work, they are very similar to Amway, the largest MLM scam on the planet: http://www.StopTheAmwayToolScam.wordpress.com

    jitu moni

    5 years ago

    http://timesofindia.indiatimes.com/city/...

    VIJAYAWADA: Yet another multi-level marketing (MLM) company Vihaan Direct Selling Ltd was sealed by police and its representatives were paraded before mediapersons here on Tuesday. Police will soon serve a notice on its promoters -- Vasudeva Reddy and Ch Gangadhar - who are currently in Dubai and alert the Interpol to help nab the duo.

    Addressing a press conference here on Tuesday, commissioner of police A B Venkateswara Rao said that 134 people in the city have fallen prey to the company. "Vihaan Direct collected Rs 1.16 crore and deposited Rs 65 lakh in the account of Vihaan Direct Selling Ltd, which is based in Mumbai. Another Rs 10 lakh was deposited in the account of VR 1 Training Centre, which is based in Bangalore. Rest of the funds have been misappropriated," he said.

    Acting on a complaint from a depositor Prathipathi Lakshmi Ganesh, Krishna Lanka police led by circle inspector S V V S Murthy arrested four representatives of the firm- Gourang Desai, Y Babul Reddy, D Nagaraju and Ch Manikanta -- on June 22 and recovered Rs 15 lakh in cash and four mobile phones.

    It was on January 5 this year Mumbai-based Vasudeva Reddy, a notorious MLM agent, opened Vihaan Direct as a franchise of Hong Kong-based Q-Net near Prasanthi Hospital in Labbipet. He also ran a training centre called VR 1. City-lad Desai, who met Vasudeva in Mumbai, was nominated as in-charge of the training centre. Gangadhar, a close aide of Vasudava, was nominated to run the direct selling firm.

    Gangadhar recruited Babul, Nagaraju and Manikanta as independent representatives (IRs) to carry out the fraudulent MLM operations. Their modus operandi was typical of a binary tree structure- each IR has to recruit more members. IRs will receive commission based on the number of referrals and sales volume of other IRs in their team.

    The police commissioner said that Vijay Eswaran, who runs Q-Net, is the brain behind the MLM firms. "From 2002-08, he ran a firm in Chennai that swindled Rs 1,100 crore. Between 2010-14, he ran another MLM firm with Vasudeva Reddy, which swindled Rs 425 crore from depositors," he added.

    jitu moni

    5 years ago

    QNET multi-level marketing scam busted in Vijayawada - Tv9

    https://http://www.youtube.com/watch?v=Plsdlh0FBkU

    jitu moni

    5 years ago

    http://www.business-standard.com/article...
    Four persons have been held today for their alleged involvement in the multi-level marketing 'Qnet' case, police said.

    The four persons, identified as V Bal Reddy, Gautam Desai, Dasari Nagaraju and Cheemakurti Manikanta, were arrested today and Rs 15 lakh, deposited in different bank accounts, were seized from them, district Police Commissioner A

    B Venkateswara Rao said.

    The accused were nabbed by Economic Offences wing of the Commissionarate and the key person involved in the alleged fraud, Gangadhar from Vijayawada, is absconding and is currently said to be in Dubai, the senior officer said.

    The five persons were associated with multi-level international marketing firm Qnet, a company founded by one Vijay Eswaran, a Malaysian citizen based in Hong Kong, in 1998, where the company agents extracted huge money from people by offering them lucrative incentives, he said.

    The company also operated in India with other names like 'Qen' and 'Quest, police said.

    Eswaran had appointed one Vihan Direct Selling, owned by Gangadhar, as the sole selling company in India, where the firm had assigned some agents to recruit salesmen under the direct selling system.

    According to police, the agents had appointed 134 first level salesmen by collecting Rs 1,16,55,000 and another 13,400 second level salesmen were joined by the 134 sales persons.

    In the meantime, one of the salesmen suspected company's activities and lodged a complaint with the police and the four accused were arrested after investigations.

    Rao said if necessary, a red corner notice will be issued against Gangadhar.

    He said Qnet is facing many charges in the country and some of the cases against the company are pending in courts.

    A decade back, the company was involved in a Rs 11 crore case of alleged fraud in Chennai. It has also been facing some cases in Mumbai, the officer said.

    jitu moni

    5 years ago

    http://www.business-standard.com/article...

    A Mumbai resident today approached the Economic Offences Wing of police seeking inquiry into QNet, a multi-level marketing company facing allegations of duping investors, being one of the sponsors of onoging International Indian Film Academy Awards, 2015.

    The EOW of Mumbai police is probing the Hong Kong-based Qnet for an alleged Rs 425-crore fraud.

    Gurpreet Singh Anand, who is one of the original complainants against the firm, contends in the fresh complaint that the "purpose of sponsoring IIFA awards is to further the Qnet scam in India and create an image that it is a respectable brand".

    IIFA website lists Qnet as one of the 'official direct selling partners'.

    While Singh has demanded probe into "why they (organisers) have appointed this company as sponsor", IIFA officials were unavailable for comment. Its legal cell informed PTI that senior officials were busy in Malaysia where the awards ceremony is taking place.

    The EOW has so far arrested 17 persons for allegedly duping investors by selling Qnet products including magnetic disks, herbal products and holiday schemes through allegedly fraudulent means.

    It has been accused of using the banned 'binary pyramid business model', and a case has been registered under the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.

    Scott Johnson

    5 years ago

    I guess the Amway India CEO isn't the only scam artist on the radar. Most MLMs operate similar to Amway, the largest MLM scam on the planet: http://www.StopTheAmwayToolScam.wordpress.com

    jitu moni

    5 years ago

    Lets spread it friends

    http://www.business-standard.com/article...

    Two top representatives of QNet, a Hong Kong-based multi-level marketing company allegedly involved in a Rs 425-crore fraud here, were arrested today after being picked up from Delhi international airport, police said.

    The controversial company's senior independent representatives, identified as Sandeep Kalra and Hitesh Miglani, were intercepted by immigration authorities at the Indira Gandhi International Airport at Delhi last night, said an officer with Mumbai Police Economic Offence Wing (EOW).

    The duo, who arrived from Dubai in separate flights, was stopped at the airport as Look Out Circulars (LOC) were issued against them by the EOW probing the case.

    The two suspects, who were suspected to have had pocketed lakhs of rupees through the scheme and organised several training camps to lure investors, have been subsequently brought to the metropolis and placed under arrest this evening, police said.

    The LOCs have been issued against those whose statements have been necessitated in the probe but did not appear before the investigators despite summons.

    Kalra hails from Delhi while Miglani is from Bangalore, police said adding that this is the first arrest of those against whom LOCs had been issued.

    The EOW had earlier arrested 15 persons for allegedly duping investors by selling QNet products, including magnetic disks, herbal products and holiday schemes, through allegedly fraudulent means.

    The EOW has invoked the stringent Maharashtra Protection of Interest of Depositors (MPID) against the company which has denied any wrongdoing on its part.

    QNet has also been accused of using the banned binary pyramid business model. An FIR in the case was registered in August in 2013.

    The accused had been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.

    Buddy

    5 years ago

    Click on below link to see Qnet related documents which they use to fool people and onboard innocent people.

    http://1drv.ms/1I8iIOk

    Buddy

    5 years ago

    Click on this link for QNET related documents for fooling innocent people.

    http://1drv.ms/1I8iIOk

    Tex

    5 years ago

    Some good news regarding MLM in India, see http://indianexpress.com/article/india/i..., which states, in part, “…the Intelligence Bureau reported in 2012 that “fresh” illegal financial activities of chit fund companies were cheating lower middle class and poor people, especially in rural and semi urban areas. The proposed changes, prepared by Department of Financial Services (DFS), also drags in “pyramid marketing schemes” within the act with some safeguards to exclude selling of goods and services, but not those sales where there is no economic activity or addition of economic value save for creating a chain of new participants and distribution of economic benefits to the existing ones. The department has also turned down request of Indian Direct Selling Association (IDSA) – comprising biggies like Amway, Tupperware and Hindustan Unilever Network – to include direct selling schemes as an exempted category under Section 11 of the Act.”

    gurupreet

    5 years ago

    Representative of PR company summoned in QNet case

    MUMBAI: The EOW summoned the representative of a PR firm and sought details about the services it has been providing to QNet, a marketing firm involved in an alleged Rs 425 crore cheating case. Meanwhile, the police have written to a bank in Fort to freeze the PR firm's account.

    The police said they will also summon other PR companies that worked for QNet in the past.

    An EOW source said the representative has said that the PR firm had entered into a contract with QNet in January to act as a coordinator between the media and the marketing company. "We have asked the PR firm to furnish the contract copy, details of QNet officials who had approached it and bank payment details," said an officer. But, the officer added, the EOW is not satisfied and has summoned the representative again.

    The cops have written to the bank under section 91 and 102 of CrPC and Section 4 of the Bankers Books Evidence Act, 1891, to freeze the account belonging to the PR firm. "We suspect the money used to pay the PR firm was earned by QNet through the proceeds of crime. Till date, 10 people have been arrested in this case," said Rajvardhan Sinha, additional commissioner.

    The PR firm, in its statement to TOI, said, "Our relationship with QNet is purely that of a client and a consultancy. Like any PR constancy, we are just doing our professional job to coordinate flow of information from the company to the media and attending media queries on QNet. As part of their investigation, the police inquired with us on the nature of our association with QNet and we informed them of the same."

    http://timesofindia.indiatimes.com/city/...

    REPLY

    sunil

    In Reply to gurupreet 5 years ago

    Congrats

    SCAMI BUSTER

    5 years ago

    MICHAEL FERRIRA’S EX DAUGHTER IN LAW ARRESTED BY EOW IN QNET SCAM – POLICE CUSTODY EXTENDED

    http://zeenews.india.com/news/maharashtr...

    http://www.outlookindia.com/news/article...

    http://indianexpress.com/article/india/i...

    http://www.financialexpress.com/news/qne...
    http://www.dnaindia.com/mumbai/report-mi...

    http://naidunia.jagran.com/state/maharas...

    REPLY

    sunil

    In Reply to SCAMI BUSTER 5 years ago

    very good

    gurupreet

    5 years ago

    Mumbai: The police custody of ex-world billiard champion Michael Ferreira's former daughter-in-law, who was held in connection with the QNET scam, was on Tuesday extended till September 22 with investigators seeking to examine her earnings and investments she made using the illicit money.

    Read full story here: http://zeenews.india.com/news/maharashtr...

    REPLY

    sunil

    In Reply to gurupreet 5 years ago

    very good

    gurupreet

    5 years ago

    The EOW had arrested Susan Chatterjee, former daughter-in-law of Michael Ferreira in the Rs425 crore QNet scam. While Ferreira owns 80% stake in QNet's official franchisee in India, his son, wife and close relatives are also reportedly under the scanner

    With the arrest of Susan Nikhil Chatterjee, former wife of Mark Ferreira, the focus of the investigators is now back again on the family of former world billion champion Michael Ferreira. The Economic Offences Wing (EOW) of Mumbai police last week arrested Susan in the Rs425 crore QNet scam.

    Read the full story here...and please add your comments...

    http://www.moneylife.in/article/qnet-mic...

    REPLY

    sunil

    In Reply to gurupreet 5 years ago

    thats great!!!!!

    Tex

    5 years ago

    You should also report losses from Amway, the largest MLM scam on the planet and the MLM that all other MLMs are based on. For more information about Amway, see http://www.stoptheamwaytoolscam.wordpress.com

    REPLY

    sunil

    In Reply to Tex 5 years ago

    You do it. We will support you.

    Tex

    In Reply to sunil 5 years ago

    If you have contacts within any India authorities, I would be happy to contact, educate, and work with them.

    Tex

    In Reply to sunil 5 years ago

    I'm not in India. I've done more than anybody collecting and reporting losses to USA regulators, law enforcement, and legislative representatives. What I am saying is fixing Qnet only fixes a small part of the overall MLM scam companies. It needs to be done, but many other MLM scams need to be reported as well, and Amway is the largest and most abusive of them.

    sunil

    In Reply to Tex 5 years ago

    I will discuss with my friends and come back to you in two three days.

    SCAMI BUSTER

    5 years ago

    IF YOU HAVE LOST MONEY WITH QNET, PLEASE CONTACT THE ECONOMIC OFFENCES WING(EOW) OF THE CRIME BRANCH OF MUMBAI POLICE AT THE FOLLOWING ADDRESS. THEY HAVE ALREADY REGISTERED FIRs AGAINST QNET/ITS PROMOTERS/IRs, MADE ARRESTS AND FROZEN BANK ACCOUNTS. IT MAY ENABLE YOU TO RECOVER YOUR MONEY, FREEZE ASSETS OF IRs WHO TOOK THE MONEY FROM YOU AND HELP OTHER HAPLESS VICTIMS FROM FALLING INTO GIVING THEIR HARD EARNED MONEY TO QNET IRs

    PLEASE VISIT THE EOW PERSONALLY AND RECEIVE A STAMPED ACKNOWLEDGEMENT OF YOUR COMPLAINT OR SEND IT VIA REGISTERED POST(WITH ACKNOWLEDGEMENT CARD) SO THAT YOU HAVE PROOF OF YOUR MAILING. PLEASE PROVIDE YOUR MOBILE/EMAIL IN YOUR COMPLAINT SO THAT THEY CAN CONTACT YOU FOR FURTHER INFORMATION IF ANY

    ADDITIONAL COMMISSIONER OF POLICE
    ECONOMIC OFFENCES WING(EOW)
    CRIME BRANCH, MUMBAI POLICE
    OFFICE OF THE COMMISSIONER OF POLICE
    OPP CRAWFORD MARKET
    MUMBAI 400 001

    NOTE: YOU CAN FILE YOUR COMPLAINT WHETHER YOU HAVE BEEN CHEATED IN MUMBAI OR ANYWHERE IN MAHARASHTRA OR ANYWHERE IN INDIA. EOW CAN EITHER INVESTIGATE IT OR SEND IT TO THE APPROPRIATE AUTHORITY LIKE ENFORCEMENT DIRECTORATE/SEBI OR LOCAL POLICE FOR FURTHER INVESTIGATION AND ACTION

    SCAMI BUSTER

    5 years ago

    MICHAEL FERREIRA’S EX DAUGHTER IN LAW ARRESTED BY EOW IN QNET SCAM. MICHAEL FERREIRA ALSO HEADED “FAITH SOLUTIONS” UNDER WHICH GARB PEOPLE WERE TAKEN FOR “QNET” AND INCLUDED HIS SON “MARK FERREIRA”, “MANJUNATH HEGDE” (WHO WAS ARRESTED WAS IN POLICE JUDICAL CUSTODY FOR OVER A MONTH), LATA HEGDE AMONG OTHERS

    http://indianexpress.com/article/india/i...

    http://www.financialexpress.com/news/qne...

    http://www.dnaindia.com/mumbai/report-mi...

    sunil

    5 years ago

    sarika is the forerunner for qnet in nanded.

    sunil

    5 years ago

    sarika is the forerunner for qnet in nanded.

    jitu moni

    5 years ago

    MUI Riau: QNET Business Indicated Haram
    June 18, 2014 by the Indo Howmoney

    QNET_logo_indonesia Of Riau, Chairman of the Fatwa Commission of the Indonesian Ulema Council (MUI) in Riau Province Ustadz Abdurrahman present the results of studies related institutions will report QNET business community on Tuesday (06.17.14). MUI Riau concluded, that QNET MLM business founded by Malaysian businessman Vijay Eswaran, there MLM qualified as defined MUI halal center.

    "We received complaints from the public related QNET MLM and after assessment, we conclude that QNET MLM strongly indicated forbidden," he told riauterkinicom.

    Presented Ustadz Abdurrahman, from contract documents or statements QNET MLM participants were studied and the products are used as evidence, developed QNET MLM system containing elements of fraud, is potentially causing loss of one of the parties and obscurity.

    For example, each participant must purchase a product in the form of Chakra, a round clear glass plates by hand or Chi Pendant, a round slab logal for long Rp100 coins shaped pendant, worth Rp 8 million. Goods that, according to the QNET, expensive as it is a matter of health therapy.

    During this QNET promotes itself as an online business. But in fact the ministry of the QNET greetings and the bucket is very slow, far from being a good online business. "The payment must be in cash, but the new goods are handed over to the buyer many months later. In fact, there are up to five months to get the new, "he said.

    See also: What is QNET it?

    In addition to pay in cash, but did not immediately get the items purchased, the price Chakra or Chi Pendant is believed to be very expensive compared to the actual value.

    "We (masyarakat.red) may be asked to purchase the item (Chakra or Chi Pendant. Red) fifty thousand also may not want to," he said.

    Ustadz Abdurrahman Furthermore, in addition to having to pay 8 million for goods that are considered not worth the QNET MLM participants are required to invite six new members to transact with each value of 8 million, the new bonus Rp3.5 million. Departing from non-halalan conclusion QNET MLM system, Ustadz Wahid appealed to the people of Riau, especially Muslims to avoid the business.

    Meanwhile, Fery Wibowo, one of the leaders of PT Amoeba international, licensees QNET Indonesia, Riau riauterkini.com when found in one of the alleys in Jalan Bukitbarisan Pekanbaru, mentions that the legal and lawful business.

    "We have an official license and also had a halal certificate from NU South Jakarta," he said.

    Although not representative of the management company QNET, Fery Wibowo threatened to penalize parties who accused QNET business activities based in Hong Kong, an element of fraud.

    "If anyone dared mention QNET is a fraud, I guarantee within a few hours in question would be the status of a suspect," he threatened as it.

    Then one year in Banyuwangi

    Even so, exactly one year ago, in June 2013, about 200 members of QNET came to the police station and reported the fraud Banyuwangi by PT QNET Indonesia with an indication of the loss of the member reaches 1.6 billion. Rudi is Suprapto, 50, Blokagung villagers, village Karangdoro representing several residents reported the case.

    "I can only once a commission of 726 thousand," said Rudi Suprapto KabarBanyuwangi.info quoted as saying. While he argues, the QNET promising a salary of Rp 2.5 million per week. "The amount (bonus) depending on the product to be purchased," he said. Obtaining explanations that every member QNET should purchase products with prices starting at Rp 7 million, USD 9.6 million to $ 10.8 million. He felt cheated because after a year to join in the QNET he did not get any bonus as promised by its leader.

    In the promotion, he explained, all of the products that are considered to have the power. "Bio Disc is drenched with water, he was able to cure all diseases pe. If you wear a necklace, she was able to lift heavy loads, "he said.

    Not long ago, the police respond to the report and hold Syamsuri and Bambang. Both are QNET MLM leaders in East Java.

    http://howmoneyindonesia.com/2014/06/18/...

    gurupreet

    5 years ago

    Today QNET advocates scored a second self goal in court :)

    Ever Since my fight started against QNET SCAM I have faced the following lawyers in court by appearing in person:

    1. Nitin Pradhan
    2. Mahesh Jhetmalani
    3. Abad Ponda
    4. Haresh Mohan Jagtiani
    5. Divya Bahl
    6. Rajendra Mokashi
    7. Kuldip Patil
    8. Sandeep Karnik
    9. Sudatta Patil etc…

    All these are senior advocates with teams of juniors below them but till date QNET did not get any single favorable order from any court.

    The FIGHT enters a “new phase” now….Ganpati Bappa Morya :)

    jitu moni

    5 years ago

    Kavali Gold Quest Scheme Fraud: Accused Arrested

    HYDERABAD: The Crime Investigation Department arrested two most-wanted persons in different cases on Thursday. While one was detained at the Rajiv Gandhi International Airport at Shamshabad, the other was detained at the airport in Chennai.

    Additional DGP (CID) T Krishna Prasad said that one of them, Raavi Ramesh Babu, is an accused in a cheating case registered at the Kavali II Town (T) police station in Nellore district.

    In this case, several people of Kavali town were lured by local promoters of Gold Quest scheme run by Questnet Enterprises. Believing the promises of the accused, several people joined the scheme by paying `33,000 or `66,000 but were cheated. One of the outside promoters of the Gold Quest scheme is Raavi Ramesh Babu. He is one of the main accused and had been absconding ever since the case was registered. As his activities are clandestine, the economic offences wing of the CID opened a look-out circular (LOC) against him. Ramesh Babu was arrested by the immigration authorities at the Rajiv Gandhi International Airport.

    On the information given by the immigration authorities, a CID team went to the airport and took the accused into custody to produce him before the magistrate concerned.

    In another case, police arrested Swaminathan Sivanandan at the Chennai airport. Sivanandan is an accused in a dowry harassment case registered at the Pet Basheerabad police station here. At the request of the Cyberabad police commissioner, a look-out circular was opened against Sivanandan. The trial court issued an arrest warrant against him as he was not attending the court. He had gone to Doha in Qatar to escape arrest.

    http://www.newindianexpress.com/cities/h...

    SCAMI BUSTER

    5 years ago

    FIRs have been registered against QNET with the Economic Offences Wing, Crime Branch, Mumbai Police and several arrests have been made of IRs and bank accounts frozen of QNET and IRs. There are also several criminal cases in courts. Please type QNET in "google" and "google news" and you will see that their sites have been blocked by court and the number of arrests and account freezings

    If you have not received your Refund or QNET or its IRs have cheated you, you can register an FIR against them with EOW Mumbai (at address given below) even if you don't live in Mumbai. You may be able to get your money back and/or save your friends and relatives from this

    NOTE: PLEASE VISIT PERSONALLY OR SEND BY REGISTERED AD ONLY FOR YOUR COMPLAINT TO BE NOTED

    Rajvardhan Sinha
    Additional Commissioner of Police
    Economic Offences Wing (EOW), Crime Branch
    Office of the Commissioner of Police
    Opposite Crawford Market
    Dr D N Road, Fort
    Mumbai 400 001

    ALSO MEET/SEND A COPY OF YOUR COMPLAINT VIA REGISTERED POST TO MR KAPASE, INVESTIGATING OFFICER & SENIOR INSPECTOR, EOW AT THE SAME ADDRESS ABOVE

    gurupreet

    5 years ago

    QNet accused submitted fake papers to procure anticipatory bail: Police

    MUMBAI: Around half a dozen accused in the Rs 425 crore QNet cheating case submitted fake documents before the court for procuring anticipatory bail, Pradip Gharat, special public prosecutor told the court. Later, a police officer filed an affidavit before the court that the statement and the signatures of him were actually bogus and that he was never involved in the investigation of this case at the initial stage.

    Read the full story here: http://timesofindia.indiatimes.com/city/...

    QNet: Ferriera, six others misled court by submitting 'fake' document, says EOW

    Have QNet team leaders misled the Mumbai Sessions Court by submitting a fake document along with their bail application? The Economic Offences Wing has made this sensational disclosure. The police official, whose signature is on
    the document has also denied having prepared or signed it

    Read the whole story here: http://www.moneylife.in/article/qnet-fer...


    REPLY

    Tex

    In Reply to gurupreet 5 years ago

    These scam artists will only stop when they are put out of business and into prison.

    gurupreet

    In Reply to Tex 5 years ago

    http://www.facebook.com/photo.php?fbid=82434243...

    gurupreet

    In Reply to Tex 5 years ago

    https://http://www.facebook.com/photo.php?fbid=82434243...

    gurupreet

    In Reply to Tex 5 years ago

    They stop automatically when recruitment STOPS :) They have stopped paying commissions in India now. No money is being paid, only e-coupons are being given as commissions, people can not encash them but only use for new sign ups

    The image shows how effective we have been in bringing down the recruitment figures of QNET :) Hope you like it

    https://http://www.facebook.com/photo.php?fbid=82434243...

    Tex

    In Reply to gurupreet 5 years ago

    I can't get the link to work. Can you break it up into a couple of pieces, and I'll put them back together again on my browser?

    sunil

    In Reply to gurupreet 5 years ago

    they r a group of cheaters. v can't expect anything else from them.

    sunil

    In Reply to gurupreet 5 years ago

    they r a group of cheaters. v can't expect anything else from them.

    gurupreet

    5 years ago

    Finally its done :) Loved this message.

    Rest of QNET domains go down too..wwww.qnet-india.com and http://www.qnetindia.net take a hit..what next Q?

    The server at qnet-india.com can't be found, because the DNS lookup failed. DNS is the network service that translates a website's name to its Internet address. This error is most often caused by having no connection to the Internet or a misconfigured network. It can also be caused by an unresponsive DNS server or a firewall preventing Google Chrome from accessing the network.
    Access a cached copy of http://qnet-india.com/

    REPLY

    sunil

    In Reply to gurupreet 5 years ago

    http://www.qnetindia.net/- still opening

    Tex

    In Reply to gurupreet 5 years ago

    What is the story behind the websites going down? Could it be a technical problem? A name change?

    gurupreet

    In Reply to Tex 5 years ago

    Follow ups with CERT India :)

    Tex

    In Reply to gurupreet 5 years ago

    What is CERT India?

    gurupreet

    In Reply to Tex 5 years ago

    Computer Emergency Response Team :)

    Tex

    In Reply to gurupreet 5 years ago

    How did they get involved?

    gurupreet

    5 years ago

    देह शिवा बर मोहे ईहे, शुभ कर्मन ते कभुं न टरूं
    न डरौं अरि सौं जब जाय लड़ौं, निश्चय कर अपनी जीत करौं,
    अरु सिख हों आपने ही मन कौ इह लालच हउ गुन तउ उचरों,
    जब आव की अउध निदान बनै अति ही रन मै तब जूझ मरों ॥२३१॥

    Translation: The first rwo lines are contentious; the direct translation is as follows:

    O Siva, grant me the boon of spiritual and physical strength that I may ovecome fear and conduct myself to commit myself to justice and good deeds

    Here the word "Shiva" may be taken to mean Lord Shiva by Hindus and Anti Dasam Sikhs but this is incorrect. In Sikh tradition uses the terms Shiva, Hari, Rama etc. in a nirguna sense to mean the one Lord Almighty.

    The physical body (deh) is analogous to Siva's (Akal Purakh )superpowers, therefore I should not fear when committing myself to good deeds.
    That I shall not fear when I go into combat. And with determination I will be victorious.
    That I may teach myself this creed alone, to speak only of Thy (allmighty lord Waheguru) praises.
    And when the last days of my life come, I may die in the might of the battlefield.||231||
    -- Guru Gobind Singh

    jitu moni

    5 years ago

    http://www.wfmynews2.com/story/news/loca...

    First Payouts Approved For Zeek Reward Victims
    HIGH POINT, N.C.-- A federal judge has approved the first payouts for victims of the Zeek Rewards pyramid scheme. The High Point Enterprise reported that the attorney supervising efforts to return members to the victims said a judge on Thursday approved the payments.

    Kenneth Bell said the first payments should be handed out late next month. Bell indicated earlier this year that the first payments could be for about 40 percent of what victims lost in the scheme. The U.S. Securities and Exchange Commission shut down and seized the assets of Zeek Rewards in August 2012.

    Bell estimates that from January 2011 until August 2012, more than 700,000 people lost more than $700 million. Zeek Rewards had said it was a multi-level marketing business operating in Lexington.

    jitu moni

    5 years ago

    100 pull out of Chinese millionaire's MLM scheme in Malaysia

    Major Chinese dailies reported that more than 100 people had cancelled their membership in the controversial multi-level marketing scheme YSLM, established by self-proclaimed Chinese millionaire Zhang Jian.

    They were required to sign a letter which stated that their reason for quitting was due to the impact from a Facebook page calling on netizens to combat pyramid schemes, and that they were grateful to Zhang Jian for allowing them to terminate their membership unconditionally.

    On Wednesday, the company announced that members who had failed to introduce new members to the company were entitled to a full refund of RM300 (S$115) if they quit the scheme.

    Zhang made headlines recently when giant billboards of him appeared in Penang proclaiming him as the "future richest man in the world".

    http://news.asiaone.com/news/malaysia/10...

    REPLY

    Tex

    In Reply to jitu moni 5 years ago

    100 is a drop in the bucket. He's trying to buy a good reputation, but a good reputation can't be bought, it has to be earned.

    gurupreet

    5 years ago

    The troubles grows manifolds...how i wish these QTARDS would not have had poked their nose in my family issues...but they did it..who will they protect now..the TOP ones or the three musketeers at the bottom? Food for thought...i meant food for "rice"...or whatever stupid arguments

    REPLY

    Tex

    In Reply to gurupreet 5 years ago

    Huh?

    gurupreet

    In Reply to Tex 5 years ago

    hi i am online on google hangout :)

    Tex

    5 years ago

    Speaking of crooks, they let the India Amway CEO out of jail on bond a couple of days ago. It appears he has to stay in India to be at the future trial(s).

    REPLY

    gurupreet

    In Reply to Tex 5 years ago

    amway is illegal in India :)

    Tex

    In Reply to gurupreet 5 years ago

    In some parts of India, it appears.

    jitu moni

    5 years ago

    'World's richest man' offers refunds to MLM investors

    KUALA LUMPUR: Members of a controversial multi-level marketing business started by self-proclaimed Chinese millionaire Zhang Jian are entitled to a refund if they quit the scheme, said senior distributor Jessy Lai.

    “They have until Aug 14 to cancel the membership,” she said.

    “Just bring your identity card, let us take your picture and a video clip stating the reasons you wish to quit, and we will give you the refund on the spot,” Lai told a press conference yesterday.

    However, she said the refund would only be given to those who had not introduced any new member to the group.

    Zhang made the news recently when billboards of him appeared in Penang, proclaiming himself as the “future richest man in the world”.

    Subsequently, reports emerged accusing his company, known as YSLM, of being linked to a get-rich-quick scam.

    YSLM has refuted all the allegations, stressing that it was a legal business.

    Yesterday, Lai also refuted media reports that at least 100 people had turned up at the company’s office here to cancel their membership since news about the refund offer was circulated on the Internet before the official announcement.

    “We have not received any applications as of now,” she said.

    She stressed that the refund process could only be done at the office.

    On the whereabouts of YSLM founder, Lai said he had been travelling in and out of the country, exploring overseas markets.

    Asked whether Zhang would show up to explain his business, Lai said he would appear for official matters and not just to answer accusations against him.

    She also explained why the refund would not be offered to those who had introduced other people to the scheme.

    Those who had brought in two members would have received a commission of RM300 – equivalent to the membership fee.

    Thus, no money would be returned to them, she said.

    http://www.thestar.com.my/News/Nation/20...

    Tex

    5 years ago

    FitzPatrick is a joke. Some of his ideas are okay, but a lot of them are nuts.

    sunil

    5 years ago

    yahan pe sab shanti shanti hai

    jitu moni

    6 years ago

    Illegality in MLMs and recommendations for law enforcement
    An open letter from MLM expert Robert L FitzPatrick of Pyramid Scheme Alert to the US FTC exposes illegality of multi-level marketing (MLM) schemes and how law enforcement agencies can curb it. The same applies for India where thousands of pyramid or network marketing schemes are duping gullible savers everyday and also lobbying for legitimacy

    In an 'open letter' to the US Federal Trade Commission (FTC), pyramid scheme expert Robert L FitzPatrick, co-author of the book, 'False Profits', president of Pyramid Scheme Alert and co-founder of the International Coalition of Consumer Advocates, has provided a set of recommendations to the FTC on how to identify illegal multi-level marketing (MLM) schemes and to enforce consumer protection laws on pyramids disguised as 'direct selling'. The paper was sent following a conference call with officials of the FTC Consumer Protection Bureau in which an invitation for suggestions and recommendations was made by FTC officials.

    The FTC recently prosecuted one of the larger MLMs, Fortune High Tech Marketing, but only after it had scammed more than 300,000 households and operated openly for nearly 12 years. Currently, the FTC is investigating one of the largest of all MLMs, Herbalife that has operated for more than 30 years.

    Bright Lines of Illegality:

    The paper submitted by FitzPatrick, entitled, Identifying 'Bright Lines' for Determining Illegality of Any Multi-Level Marketing Company under Section 5 of the FTC Act, lists telltale signs of illegality (unfair and deceptive trade practices):

    1. Endless Chain Structure - The sales management chain has no sector of sales people that is focused directly and only on end-users. The sales chain expansion is without limit and without geographic restriction. All new participants, upon payment, are awarded the right and offered financial incentives to recruit more salespeople and extend the chain to multiple levels, usually six to infinity. This reward plan and structure indicate the use of the inherently deceptive“endless chain”, infinity factor” and “unlimited” income claim to induce purchases and fees.

    2. Pay-to-Play – Despite providing no territorial protection or even historical saturation data provided to new salespeople, sales/ purchase quotas are imposed with specific dollar volumes of product purchases (either by the distributor personally or his/her recruitment chain). In some cases, there are structural recruiting requirements also imposed in order to maintain a position in the endless chain payment plan. These volume and recruiting quotas are signs of “pay-to-play” factors that operate in tandem with an endless chain structure and recruiting-based rewards to drive purchases and fee payments.

    3. Money Transfer - The MLM employs a reward formula that overwhelmingly rewards chain extension activity that is recruiting-based over personal retail sales activity that is market-based. Evidence includes formulas that allocate higher aggregate rewards, per transaction, to those at the upper end of the chain, over those at the base and allocate total commission payout to recruiters in excess of total verified retail profits. Special bonuses and rates on total “group” volume are based on position on the endless chain. They money transfer formulas directly result in an extreme concentration of payments – 50% to 80% – of total payouts to those at the extreme upper end of the recruiting chain. As an example, the report referenced hard data on Nu Skin’s payment of 82% of all its commissions to the top 1.29% of its “active” sales force, which is 0.5% of the entire sales network.

    4. Recruitment-Driven - The actual activity of the business is characterised by relentless recruiting, churning and transferring funds from later participants to earlier ones.

    5. Little Evidence of Market-based Retail Selling - Little evidence, gained from an examination of marketing materials, website, and reports from participants or researchers, of market-based retail sales, per salesperson, and little evidence of retail profit gains among the sales force.

    6. No Income Opportunity for Nearly All Participants - Large-scale losses are evident in the sales force, even among those in the upper one-third of sales chain.

    Law Enforcement Guidelines
    For law enforcement, the report offered specific reforms that would put any MLM on the legal side.

    1. Limit the number of levels that any individual salesperson can personally recruit and gain override commissions to one or several. In combination with other reforms, this measure would eliminate the infinity factor.

    2. Require that commissions be awarded only on consummated retail sales, that is to persons who are not signers of the company’s sales contract and are not eligible for recruiting-based rewards.

    3. Allow no commissions to be paid on any purchases made by other salespeople or on the salesperson’s own account. This reform eliminates a major incentive for recruiting and for making personal purchases. It would also clearly indicate that all purchases made by the sales force are market-based.

    4. Eliminate all purchase/ sales volume or recruiting requirements in order to maintain sales and recruiting authorization. With no geographic limitations or protections placed on MLM salespeople, and no information available on market saturation factors, volume and recruiting requirements serve no other purpose than as recruiting inducements.

    5. Establish limited territories for distributors who want to develop sales teams with authorisation based upon management selection. The current practice of open-ended, even global territories and escalation on the sales chain being based purely on volume/ recruiting performance is a telltale indicator of the “endless chain” inducement and the lack of a real-world market basis for sales.

    Principles of FTC Law Enforcement and Consumer Protection from Illegal MLMs

    1. The establishment of an understandable and consistent “bright line” requires that the FTC take a clearly stated legal stand against the groundless and nonsensical claim of MLM promoters that purchasing products by the participants in multi-level marketing exempts the enterprise from an illegal pyramid definition. The bogus identity of “direct selling” by pyramid selling schemes and the claim of exemption from a pyramid scheme definition based on product purchases have confused and misled millions of consumers (“If the MLM sells a product, it’s can’t be a pyramid!”).

    MLM lobbyists have claimed that pyramid scheme definitions must exempt enterprises in which rewards are gained through product sales “to participants.” They have lobbied for this “product exemption” in state laws and tried to get a federal law passed in 2003. In fact, in case after case of MLMs prosecuted by the FTC, the selling products was the disguise of choice, and “direct selling” turned out to be a false identity.

    2. FTC must establish and publish a set of recognizable actors indicative of the use of the endless chain as a marketing device, once the endless structure is identified as part of that MLM’s business model.

    The evidence of the use of endless chain marketing to induce purchases and fee payments is found in the MLM’s pay formula and in the statement of policies and procedures, both of which are generally published.

    Additional evidence can be found in income disclosure documents, website, webinars and in SEC filings.

    Evidence of the use of the endless chain is manifested in verifiable loss and churn rates and absence of profitable retail selling. Referencing these classic elements of a pyramid disguised as a sales company can be done in a matter of hours or days. Pyramid fraud is frequently in plain sight.

    Mandate for Action Now

    By offering bright lines and recommendations for law enforcement, the “Open Letter” supports the message of urgency that the International Coalition of Consumer Advocates delivered to the FTC in October, 2013 with it White Paper and petitions.

    Currently, the FTC lacks a consistent or understandable standard for determining illegality of any MLM, rendering effective FTC prosecution and law enforcement in MLM sector essentially impossible and, indeed, virtually non-existent.

    By any standard, this position for a law enforcement agency is intolerable. It leaves millions of people in America and around the world without any means of distinguishing legitimate direct selling opportunities from pyramid swindles. In recent years, these schemes have begun targeting the most vulnerable sectors of the public, students and immigrants. The FTC’s untenable position has also generated a dangerous uncertainty in the securities markets, putting pension funds at risk that are invested in MLM enterprises that are being openly challenged for operating illegally.

    The scenario in India

    Coming back to home, Moneylife has been continuously writing about the inaction by government and regulators regarding MLM companies, money circulation schemes, pyramid-marketing schemes and other similar companies that swindle the unwary public by offering them misleading inducements and depriving them of their hard-earned savings.

    In April 2013, after the collapse of Saradha group, the ministry of corporate affairs (MCA) in a face saving measure has decided to hand over probe of such chit-fund, MLM, Ponzi and pyramid scheme operators to a Special Task Force under the Serious Fraud Investigations Office (SFIO). The ministry said the probe has been ordered in view of a larger public interest involved in the issues, although the state governments are the appropriate authorities for regulation of such chit fund companies and schemes under the Chit Fund Act, 1982.

    Here are some of the important stories written and representations made by Moneylife over the years…

    Moneylife Foundation’s representation to PM, FM and RBI on MLM schemes

    In May 2011, following the exposé by Moneylife on Speak Asia Online Pte Ltd and its MLM scheme, Moneylife Foundation sent a representation to prime minister Dr Manmohan Singh, (the then) finance minister Pranab Mukherjee, finance secretary Sushama Nath and Reserve Bank of India (RBI) governor D Subbarao urging them to ban all MLM companies and their schemes in the country, or to bring all MLM companies under the regulation of either the RBI or the Securities and Exchange Board of India (SEBI), to stop them ensnaring gullible people.

    West Bengal’s ‘chit fund’ mess and inaction of MCA

    The massive money, which is raised surely shows somewhere on the balance sheet of the company, filed regularly with the MCA. The primary recipient of the information about these companies is the MCA, and surprisingly the MCA is the least proactive in the entire process of bringing these perpetrators to regulatory focus, sooner before tonnes of money vanish.

    Chain Game

    Dubious pyramid schemes or money-circulation schemes are looting Indians across economic strata, finds Sucheta Dalal. This will continue since Central and state governments seem unconcerned.

    Pyramid schemes: Daylight robbery

    Pyramid marketing companies are looting the public easily, while the government watches. Many countries have banned them outright.

    Ponzi Scheme: Is RBI Passing the Buck?

    A strange deposit scheme that is proliferating in the states of Orissa, Chhattisgarh, Karnataka and Maharashtra has already collected almost Rs1,000 crore and is expanding virtually unchecked. The scam has elements of money-laundering and possibly the use of fake and forged currency as well; however, the banking regulator would like to pass off the investigation to the respective state governments for investigation under the antiquated Prize Chits and Money Circulation Schemes (Banning) Act.

    Coin Game

    An international network marketing scheme hawking expensive limited edition coins is attracting a huge following. Sucheta Dalal examines this strange quest.

    Ponzi schemes: Free for all

    Moneylife readers know how MLM schemes ensnare lakhs of people by promising extraordinary returns. We learn from the ministry of consumer affairs that the government is now waking up to the need for better regulation of MLMs and ponzis. At the same time, the powerful Direct Selling Association of the US is lobbying hard for an amendment.

    ‘Beware of deception by pyramid schemes, MLMs trying to lure people with promise of high returns’

    Pyramids are pure fraud. Their business is unsustainable-they promise payment for goods or services of dubious value. The hallmark of these schemes is the promise of sky-high returns in a short period of time, for doing nothing other than simply handing over your money to them, and getting others to do the same.

    Ponzi schemes: The fraudulent art of chain game

    Even as India bans pyramid schemes under a statute called the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, the country continues to be a happy hunting ground for pyramids because our legislation is deliberately unworkable.

    Dubious Ponzi & MLM Schemes

    Investors losing money, or falling for dubious Ponzi schemes, is not a recent phenomenon; this has been happening for decades and it is not restricted only to India. Why is it that people repeatedly fall prey to such schemes in spite of being aware of the frauds perpetrated by conmen under different guises?

    Set up inter-departmental group to curb MLMs

    EAS Sarma, former power and finance secretary, said the ministry of finance, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the investigating agencies should collectively tackle this problem without any delay, as every day of procrastination will only result in thousands of hapless families cheated by the promoters of these schemes.

    How MLMs wave an annulled letter to claim legitimacy of their operations and con people

    Spokespersons and dealers of multi-level marketing (MLM) schemes or network marketing schemes respond to questions about their legitimacy by brandishing a 2003 letter issued by the then secretary, ministry of corporate affairs (MCA). What they omit to mention is that the letter was subsequently annulled following complaints about its misuse. This means, the letter used by these scamsters is no more valid.

    Pyramid and MLM schemes are scourge on people

    While there are existing laws such as Indian Penal Code (IPC), the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (PCMCS Act) and others under which concerned agencies could prosecute the culprits, there is no effective mechanism in place to ensure a coordinated approach to identify the fraudulent operators in advance and book them well before they destroy the livelihoods of thousands of households and launder the ill-gotten funds to unknown destinations.

    MLMs now want to ‘invest’ money in India, really?

    A set of powerful MLMs, which are part of an exclusive closed club, called the Indian Direct Selling Association or IDSA (on the lines of the Direct Selling Association of the US) has been lobbying hard to make a distinction between their operations and those of others, who they call, fly-by-night operators such as SpeakAsia and Ad Magnet.

    QNet, the MLM company, has no answers to Moneylife’s simple questions

    QNet, the controversial Hong Kong-based multi-level marketing (MLM) operator with multiple names (GoldQuest, QuestNet, QNet, QI Ltd and QI group are the better known names) refused to answer simple questions like how much money their independent representative (IR) earns on an average every month and why their products are priced so highly. Instead, it sent us a threatening and defamatory mail that raises more questions as to their real motive.

    2011: A year dedicated to MLM and Ponzi scheme frauds

    If 2010 was the year of great Indian scams, 2011 was rather of ponzi and multi-level marketing (MLM) frauds. SpeakAsia managed to top the chart, but soon many others joined the bandwagon, duping gullible investors for several thousand crores.

    How to avoid 'get-rich-quick' schemes and scams

    Nothing comes free in this world, especially money. The universal truth is you need to earn your money by hard labour all the time and there are no shortcuts to double it in the shortest span of time. Therefore, even if your near and dear ones tell you he/she will double, triple, quadruple your money within a few days/months, politely reply to them that it is not possible and what they are advocating is a pure 'get-rich-quick' type of scam.

    Herbalife is a pyramid scheme worth zero dollars: Bill Ackman

    Herbalife, a global MLM scheme also prevalent in India, is believed to be worthless according to hedge fund manager Bill Ackman, who made a detailed presentation on why consumers should avoid buying the company’s products and stay away from the MLM.

    http://www.moneylife.in/article/illegali...

    jitu moni

    6 years ago

    http://amwayscheme.blogspot.in/2014_07_0...
    The Amway Job
    Amway IBOs like to call themselves "Independent Business Owners". But when you sit down and think about this for a minute, I believe that the Amway opportunity is more like a job. As an IBO, you are basically acting as a commissioned salesperson without any benefits coming from the Amway corporation. It's great for Amway as they only pay you for products that are moved. If you work very hard but sell little or nothing, Amway pays you little or nothing. Even if you work hard but move less than 100 PV, Amway pays you nothing.

    The Amway corporation can sit back, and simply issue bonuses to downline IBOs. It is the IBOs themselves who recruit others, train others and move the products. Many IBOs are fiercely loyal to Amway products even when they could get the exact same product or a similar product, in many cases, at a fraction of the cost at a big box retailer, or even a local retailer. Take a look at Amway's flagship vitamin (double x). Do you really need to pay $75 or more for a one month supply of multi vitamins? That isn't t say Amway has no products of value, but overall, you can get much more product at less cost by shopping at a retail outlet. Amway must add the cost of IBO bonuses to their prices, therefore their prices are abound to be higher than competing products.

    Uplines get you to see the world differently. That you do not equate an hourly wage with your business. But if IBOs did think of their earnings that way, they would easily see that they are working to lose money or to make pennies an hour. For the larger majority of IBOs, working minimum wage would be far more lucrative than spending countless hours and money chasing an Amway dream that is very unlikely to materialize. Uplines also get you to think you are "investing" in your business by purchasing tools, but in reality, you are just a customer of your upline's tool business. Some of you upline might me making most of their income selling cds and function tickets. Tool profits are higher than the profits on Amway so the math is simlpe.

    You dedicate yourself to attending meetings, working the phones, meeting with uplines and downlines. You drive a lot of miles. But what many IBOs do not notice is that the priority in building a business should be a focus on getting more customers and expanding sales. But because Amway products can be hard to sell, most IBOs are focused on expanding their business by recruiting others. An endless chain of recruitment, which is why many people think of Amway as a pyramid scheme. Whether it's legal or not as is, is not my call.

    But the bottom line in my view, is that Amway is more like a job than an independent business. Call it what you will, but in either case, business or job, it doesn't pay well (or at all) for most.

    Amway Will Set You Free?
    When I was an IBO, I often saw my upline diamond driving around town dressed in a business suit. I used to wonder why he keeps working if he can "walk away" and collect residual income? My sponsor told me that the diamond only works because he cares about his downline and wants to help them. So there are two possible scenarios, the diamond is working to help his downline out of a genuine concern for them, or possibly he is working because he has to! The only difference now is that the diamond works the nite and/or graveyard shift, because many IBOs are building the business after the complete their day jobs. This is probably why diamonds sleep until the "crack of noon", because they are working all night!

    Now Amway has stated that the average diamond earns about $147,000 a year. That is a decent income, but after taxes and paying for basic expenses such as medical and dental insurance, the average diamond probably lives a very middle class lifestyle. Keep in mind that a large portion of a diamond's income comes in the form of an annual bonus, thus a diamond's monthly income may be quite small. Yes, diamonds may have other sources of income such as speaking engagements and income from standing orders and functions. But this income depends on the diamond's continued appearances and efforts.

    So is it likely that a diamond is "free"? I would have to conclude that a diamond is not free, and may actually have to spend more time maintaining his group than if the diamond simply had a 9-5 job. For one thing, a diamond needs to maintain a personal group to keep qualifying for bonuses. With a poor retention rate in Amway, I am fairly sure that a diamond spends much time recruiting personally sponsored IBOs to maintain this group. Additionally, a diamond must help his six or more groups of downline platinums to maintain their businesses or face the possibility of falling out of qualification. My former diamond dropped down to the emerald level but has since re-qualified at diamond. A diamond must also dedicate time to reward up and coming movers and shakers, to keep them motivated. I got to spend time with my upline diamond when I was considered a promising up and coming pin.

    In order to continue to receive tools income, a diamond must also travel to numerous functions and speaking engagements. Although the tools income allegedly doubles a diamond's income, it also adds a lot of expenses, especially if the diamond and his family travel first class to show off the diamond lifestyle, and stays in 5 star hotels. It is probably why diamonds need free transportation to and from the airport and why they stay with friends when traveling as much as possible.

    After breaking down projected income and considering projected expenses, I can only conclude that a diamond probably lives a middle to upper middle class lifestyle, and probably works as much as a man with a 9-5 job, except that a diamond works nites and weekends. A good portrait of this is shown in Ruth Carter's book (Amway Motivational Organizations: Behind The Smoke and Mirrors). In the book, the diamond had a net income of over $300,000, but lived in debt, could barely pay his mortgage, and was always on the run from one function to the next. It is very expensive and time consuming to travel from city to city showing off your freedom and diamond lifestyle.

    Is this the freedom you are seeking?

    jitu moni

    6 years ago

    http://amwayscheme.blogspot.in/2014_07_0...
    The Amway Job
    Amway IBOs like to call themselves "Independent Business Owners". But when you sit down and think about this for a minute, I believe that the Amway opportunity is more like a job. As an IBO, you are basically acting as a commissioned salesperson without any benefits coming from the Amway corporation. It's great for Amway as they only pay you for products that are moved. If you work very hard but sell little or nothing, Amway pays you little or nothing. Even if you work hard but move less than 100 PV, Amway pays you nothing.

    The Amway corporation can sit back, and simply issue bonuses to downline IBOs. It is the IBOs themselves who recruit others, train others and move the products. Many IBOs are fiercely loyal to Amway products even when they could get the exact same product or a similar product, in many cases, at a fraction of the cost at a big box retailer, or even a local retailer. Take a look at Amway's flagship vitamin (double x). Do you really need to pay $75 or more for a one month supply of multi vitamins? That isn't t say Amway has no products of value, but overall, you can get much more product at less cost by shopping at a retail outlet. Amway must add the cost of IBO bonuses to their prices, therefore their prices are abound to be higher than competing products.

    Uplines get you to see the world differently. That you do not equate an hourly wage with your business. But if IBOs did think of their earnings that way, they would easily see that they are working to lose money or to make pennies an hour. For the larger majority of IBOs, working minimum wage would be far more lucrative than spending countless hours and money chasing an Amway dream that is very unlikely to materialize. Uplines also get you to think you are "investing" in your business by purchasing tools, but in reality, you are just a customer of your upline's tool business. Some of you upline might me making most of their income selling cds and function tickets. Tool profits are higher than the profits on Amway so the math is simlpe.

    You dedicate yourself to attending meetings, working the phones, meeting with uplines and downlines. You drive a lot of miles. But what many IBOs do not notice is that the priority in building a business should be a focus on getting more customers and expanding sales. But because Amway products can be hard to sell, most IBOs are focused on expanding their business by recruiting others. An endless chain of recruitment, which is why many people think of Amway as a pyramid scheme. Whether it's legal or not as is, is not my call.

    But the bottom line in my view, is that Amway is more like a job than an independent business. Call it what you will, but in either case, business or job, it doesn't pay well (or at all) for most.

    Amway Will Set You Free?
    When I was an IBO, I often saw my upline diamond driving around town dressed in a business suit. I used to wonder why he keeps working if he can "walk away" and collect residual income? My sponsor told me that the diamond only works because he cares about his downline and wants to help them. So there are two possible scenarios, the diamond is working to help his downline out of a genuine concern for them, or possibly he is working because he has to! The only difference now is that the diamond works the nite and/or graveyard shift, because many IBOs are building the business after the complete their day jobs. This is probably why diamonds sleep until the "crack of noon", because they are working all night!

    Now Amway has stated that the average diamond earns about $147,000 a year. That is a decent income, but after taxes and paying for basic expenses such as medical and dental insurance, the average diamond probably lives a very middle class lifestyle. Keep in mind that a large portion of a diamond's income comes in the form of an annual bonus, thus a diamond's monthly income may be quite small. Yes, diamonds may have other sources of income such as speaking engagements and income from standing orders and functions. But this income depends on the diamond's continued appearances and efforts.

    So is it likely that a diamond is "free"? I would have to conclude that a diamond is not free, and may actually have to spend more time maintaining his group than if the diamond simply had a 9-5 job. For one thing, a diamond needs to maintain a personal group to keep qualifying for bonuses. With a poor retention rate in Amway, I am fairly sure that a diamond spends much time recruiting personally sponsored IBOs to maintain this group. Additionally, a diamond must help his six or more groups of downline platinums to maintain their businesses or face the possibility of falling out of qualification. My former diamond dropped down to the emerald level but has since re-qualified at diamond. A diamond must also dedicate time to reward up and coming movers and shakers, to keep them motivated. I got to spend time with my upline diamond when I was considered a promising up and coming pin.

    In order to continue to receive tools income, a diamond must also travel to numerous functions and speaking engagements. Although the tools income allegedly doubles a diamond's income, it also adds a lot of expenses, especially if the diamond and his family travel first class to show off the diamond lifestyle, and stays in 5 star hotels. It is probably why diamonds need free transportation to and from the airport and why they stay with friends when traveling as much as possible.

    After breaking down projected income and considering projected expenses, I can only conclude that a diamond probably lives a middle to upper middle class lifestyle, and probably works as much as a man with a 9-5 job, except that a diamond works nites and weekends. A good portrait of this is shown in Ruth Carter's book (Amway Motivational Organizations: Behind The Smoke and Mirrors). In the book, the diamond had a net income of over $300,000, but lived in debt, could barely pay his mortgage, and was always on the run from one function to the next. It is very expensive and time consuming to travel from city to city showing off your freedom and diamond lifestyle.

    Is this the freedom you are seeking?

    gurupreet

    6 years ago

    Hi All,

    People from all over India keep calling and messaging me asking for why nothing is happening in the QNET case. Well friends many things keep on happening all the time but i have not been able to post on blogs recently.

    Just a Update...

    QNET has started firing many lawyers out of their cases, but i wonder how that will HELP? How stupid it has been for copy paste lawyers to have filed those stupid ABA,s in the first place and now junior advocates are becoming the fall-guys.

    Many cases were lodged against me and the EOW in various courts including Bombay High Court, Sessions Court-Mumbai, Esplanade court etc.

    I have faced many seniors advocates and counsels like Nitin Pradhan, Abad Ponda, Haresh Mohan Jagtiani etc who have been defending various QNET companies. I have appeared in-person in all these courts i.e without any advocate and till date no QNET company has been able to get any favorable order in any of the several cases filed by them.

    After the QNET websites were blocked by an order of the court these scamsters were again conducting the online scam by forming different sub-domains of the main web site for eg, http://www.qbuzz.qnet.net , and used to post these links using URL shortening services on Facebook etc to show case to new users that see our web sites are functioning and there are no issues. I think even this backdoor has been fixed now.

    Also the links https://portal.qnetindia.in/
    https://portal.qnet.net/eStore4/verifyreferrer.aspx?language=EN
    were working and these links were the portal logins thru which new sign ups used to take place. These links were working as again they were hosted on sub-domains i am sure even that has been fixed and these links are not resolving now.

    My request to every one is you please call/contact me only if you want to fight this menace in our country and i am ready to help any one for that, but i am not in a position to argue or make clarifications regarding the SCAM.

    This fight will go one never the less. People say why there is so silence..but in the past also "There has always been silence before the STORM".

    Regards
    Guru

    REPLY

    sunil

    In Reply to gurupreet 6 years ago

    I always like to hear from you. Your one-liners will do but post daily.

    Tex

    In Reply to sunil 6 years ago

    Have you offered to help him?

    gurupreet

    In Reply to Tex 6 years ago

    Chirian te mein baaz tudaun,
    Gidran to mein sher banaun,
    Sawa lakh se ek ladaun,
    Tabe Gobind Singh Naam Kahaun.

    gurupreet

    In Reply to gurupreet 6 years ago

    Here is the translation for tex..

    Only after I make the eagle run from the sparrow,
    Turn the goat into a lion,
    And make one Sikh fight a million,
    Only then will I call myself "Gobind Singh."

    https://http://www.youtube.com/watch?v=y58yUQHRZvQ

    Tex

    In Reply to gurupreet 6 years ago

    Interesting, but not sure of what message you are sending.

    gurupreet

    In Reply to Tex 6 years ago

    I am a sikh by religion and sikhs are born soldiers, when i began this fight i had made the resolve within that I will have to do this alone...and not expect help from any one :)

    Tex

    6 years ago

    I missed the news about the Amway CEO not getting out of jail because he wouldn't give up his passport. THANKS!

    sunil

    6 years ago

    Anuprita Purohit,
    Hema Rampal, Kedar Shahane,
    from bavdhan pune.

    REPLY

    karam

    In Reply to sunil 6 years ago

    Bang on ... you missed an important link though ... Jayant Kelkar ...

    sunil

    In Reply to sunil 6 years ago

    qnet stalwarts from pune.

    sunil

    In Reply to sunil 6 years ago

    Anuprita Purohit,
    Hema Rampal, Kedar Shahane,
    from bavdhan pune.
    qnet stalwarts from pune.

    jitu moni

    6 years ago

    Cops tracking ‘Diamonds’ of Amway
    Hyderabad: The top police officials of the two States of Andhra Pradesh and Telangana have launched a massive hunt to track down the ‘Diamonds’ and other members of Amway India Enterprises to make sure their role in the multilevel marketing scam of the US-based company.

    According to informed sources, the police of both the states are even sharing information regarding the list of upline members in the hierarchy of Amway India Enterprises, who share commissions on purchase of products by the downline members. The sources said that in the business model of Amway, the upline members who enroll new members into the scheme of purchasing products received sizable income which was nothing but easy and quick money. “Once the list of the ‘Diamonds’ is prepared and their income on commissions is confirmed, we go ahead with arresting them also,” the source said.

    Meanwhile, the police on Monday arrested the MD and CEO of Amway, William S Pinckney, who is presently in Charlapalli Jail and presented him in the judicial court which sent him to remand for 14 days. The MD was sent back to Charlapalli Jail. It is learnt that the police would file a petition in the court seeking custody of Pinckney for interrogation to take the criminal case against him to a logical conclusion.

    A police official said that the law would take its own course and charge sheets would be filed soon in the criminal cases against Amway India. In another twist to the criminal case against the MD of Amway, the High Court did not issue any orders on the petition filed by Amway India to exempt its managing director Pinckney from surrendering the passport to the police department. However, the passport surrender order issue has become an impediment for the release of Pinckney on bail.
    http://apthenewstate.in/2014/07/cops-tra...

    jitu moni

    6 years ago

    Cops tracking ‘Diamonds’ of Amway
    Hyderabad: The top police officials of the two States of Andhra Pradesh and Telangana have launched a massive hunt to track down the ‘Diamonds’ and other members of Amway India Enterprises to make sure their role in the multilevel marketing scam of the US-based company.

    According to informed sources, the police of both the states are even sharing information regarding the list of upline members in the hierarchy of Amway India Enterprises, who share commissions on purchase of products by the downline members. The sources said that in the business model of Amway, the upline members who enroll new members into the scheme of purchasing products received sizable income which was nothing but easy and quick money. “Once the list of the ‘Diamonds’ is prepared and their income on commissions is confirmed, we go ahead with arresting them also,” the source said.

    Meanwhile, the police on Monday arrested the MD and CEO of Amway, William S Pinckney, who is presently in Charlapalli Jail and presented him in the judicial court which sent him to remand for 14 days. The MD was sent back to Charlapalli Jail. It is learnt that the police would file a petition in the court seeking custody of Pinckney for interrogation to take the criminal case against him to a logical conclusion.

    A police official said that the law would take its own course and charge sheets would be filed soon in the criminal cases against Amway India. In another twist to the criminal case against the MD of Amway, the High Court did not issue any orders on the petition filed by Amway India to exempt its managing director Pinckney from surrendering the passport to the police department. However, the passport surrender order issue has become an impediment for the release of Pinckney on bail.
    http://apthenewstate.in/2014/07/cops-tra...

    jitu moni

    6 years ago

    http://www.consumercomplaints.in/bycompa...

    parul.goel on Jun 21, 2014

    there is a team of people operating in chandigarh, panchkula mohali. selling fake dreams and conning people of their money. Its a mlm scam. They will tell you its a great business opportunity it will make you crores and they have already brought bmws. its all lies. Fake it till you make it. The cons are mostly found sitting in ccds in sector 14 panchkula. The names of the people in this scams operating in chandigarh panchkula mohali are. 1. Gunjan Nagpal- https://http://www.facebook.com/gunjan.nagpal.75 she owns aura by gunjan. 2 Deepshikha Mahajan- https://http://www.facebook.com/deepshikha.mahajan.3 she owns agadh design studio. 3 sahil nagpal- https://http://www.facebook.com/Thesahilnagpal he sells meat by nagpal foods 4 rashi arora- https://http://www.facebook.com/rashi.arora.3367 5 amit soni who comes from mumbai. Many of the higher ups have landed in jail. These people are trying to con people every day beaware of them

    abhishekpy

    6 years ago

    Qnet IR so far avoided sharing any business cards, but now they have come up with something like this. This is just an extension of their fake promises. A Business card without any information about organization and contact details

    http://imgur.com/xeoDs9J

    REPLY

    jitu moni

    In Reply to abhishekpy 6 years ago

    The Infiniti team has readymade business cards made long back to be given to cold zone i.e. strangers on bus, metro, etc. However only top earning IRs were allowed such cards with their names on it. As you had mentioned, nothing definite is mentioned on the cards, only info is about Lifestyle product n the industries like vacation etc.

    jitu moni

    6 years ago

    7 Point Charter

    If you are a victim of Qnet and have lost money or know someone who has lost/invested money by believing false claims of their friends and relatives.
    Then follow these steps
    1.Emailed complaint to [email protected]

    2.Send a formal written complaint letter along with product purchase receipt etc as evidence through registered post to the address below:
    Mr. Kapase Investigating Officer Qnet Economic Offenses Wing-3 Crime Branch Mumbai Police, Police Commissioner's Office,Opposite Crawford Market, D N Road, Fort Mumbai 400001.

    3.Keep proof of letter of posting and a xerox copy of complaint.

    4.Email [email protected] and [email protected] demanding refund.Save your emails.

    5.Call/sms FIR complainant Gurupreet Singh Anand on 07498063701 for any query regarding all India FIRs, police complaints, ongoing court cases etc.

    6.Follow developments on Moneylife Qnet (comments section) and join our Facebook group 'Anti Qnet India', where we are all exposing this MLM company along with others in a big way.

    7.Spread the word and this message if you can, as it will be a big help.

    sunil

    6 years ago

    this link still works

    Tex

    6 years ago

    Be sure to make comments on the Amway CEO being in jail, let Amway know what you think of the Amway scam on these YouTube videos: https://http://www.youtube.com/watch?v=1-qLdQzU2Xw and https://http://www.youtube.com/watch?v=eScRBtRc2d0&feat...

    jitu moni

    6 years ago


    QNet Multi Level Marketing in India – Review
    Posted on 3 June, 2014 by consumer — No Comments ↓

    My friend Natraj Korgaonkar suddenly called me after 1 year, regarding a business meet. When he met me he started to enquire about my financial status, so I shared that it was not that good. He told me that he was running a business for which he left his job & is making more than the salary offered by the job. That sounded good so I fixed a meet. He told me that, it is 4 to 5 years project in which we will meet the VP (Vice Presidents) from different companies in the whole world. He assured that in this business I will be able to make rupees 4 to 5 crore in next 5 years. He asked me that if i would like to join him. I asked for a bit of details from him. He took me to his senior partner, named Mikhil Samel. Mikhil told me that they have very less positions for partners, which was valid only for that day hence i have to book the position immediately without delay, otherwise they will sign up some one else for their business project.

    For this I was suppose to pay Rs. 3 lakhs to start the business, I did not have the arrangement for that sum so I said no to it. Then they said you can pay the booking amount approximately $595 (INR 45,000) and block the position. So I did the same. Then he insisted to make my husband join under me. I said will have to try first & then will put more money in the business, they then assured me the they will manage the business for me and were reluctant to share what exactly the business idea was. Since Natraj Korgaonkar was a trusted friend & used to work with me I believed it & also enrolled my husband for the same amount $595 (INR 45,000). When i asked about the business, they mentioned that “it is an e commerce business. Hence by paying money, i will be buying 3 shares of the company named Q.Net and i will be a partner”. They said ” I will get a IR code, which i can circulate amongst my friend & relatives circle and whenever they will shop, i will get the 10% to 14% of the total amount. They told me that projected profit per partner is 4.81 crore in 4 to 5 years. So, it’s not at all tough business.” When i was asking about company & business more, he never answered. He said its not our “standard operating procedure” SOP and you will know it gradually. As they were pressurizing me for money to close the position. I applied for loan, and i made an online purchase on the website using my credit card for both the transactions. We were not given options as to what we can buy & were forced to buy the holiday package (Explore 1 for 7nights & 8 Days).

    Before enrolling said that this is very easy, he had promised me that I had to put in 2 to 3 hours daily from home, where few days later as after enrolling & making the payment he said I have to work at any time of the day & only as per his availability & meet at the place feasible to him. Most of the time when I called him he was busy during the day time & could not provide enough support. He used to come home at late night to explain the further procedures. I was not comfortable but had no option as I had payed already. I was shocked to see, that the destination for the Holiday package will decided by the company as per hotel & room availability & I had to suggest 3 options for the destination also that I will have to pay a sum of INR 6500 to book the date of my holiday which was not explained earlier. He showed me financial’s of the company and while seeing financials i came to know that it is “Network Marketing”, and I have to make 6 partners to start making money. than i realised that something wrong has happened with me. After Financials he took me to Mc Donalds, Hub Mall Goregaon, Mumbai for some Welcome session, In which they were talking about “Dreams”. They told me to write down minimum 20 Dreams that i would like to fulfill, than he told to make a name list of people whom i know. minimum 500 names. He explained that our name list should exceed by 10% every month, means we have to make new friend to make business partners. etc. The very next day after this session, he took me to a conference that these people call it as “System”. Where their Senior Partners (they call them Uplines) come and address the audience by showing off money & their experience. Still I was not clear that what is this all going on? What I have to do in business? and Natraj was not answering me regarding anything. Whenever i questioned him, he roudly replied that “just do as i am saying, dont dare to run your own brain in this work. No Questions, Just do as i say”. He gave a set of books and DVD’s to study before i start this business for which I had to pay additional INR 1000. I read the books & watched the DVD’s they were all about how to do network marketing. I was amazed to see, that I have got trapped by the tactics shown in the DVD’s & Books. Next time when he met me, he told me about Hot, Warm & Cold Zones. Hot Zones – Means the people who are very close to you and trust you a lot like your parents, best friends and relatives. Warm Zones – Means your normal friends Cold means – the people whom you dont know at all. These zones were the targets for them.

    Natraj told me to make name list of all 500 contacts on my social networking websites. I was doing it than he told me to call up my near dear ones and tell them ” Bada acha business hath laga hai, send me money of minimum Rs.1 lakh immediately to my account. Agar profit nai mila toh, i will give you double amount in 3 years that no bank will give” He told me show urgency by saying ” I have only 1 position and i have to close it immediately, send me money jaldi se” . he told me not to answer any questions of anyone and keep the call. I felt very strange about all these things. According to me, this is not a right or ethical thing that was happening with me. Whatever they were teaching me, was not at all convincing for me. My ethics doesn’t allow me to do anything wrong and lie anyone for money. Hence after seeing all this, i started asking more questions from Natraj and he started getting more & more rude with me. I have been cheated because i saw that, they are teaching me ways to make people fool and get the money from your own friends & relatives. i found it completely unethical. The people who are called Up Lines, listen to every call. They listen to calls to know what are we talking about, as we are not supposed to say a single word without their permission. They want me to get people on the table to see this business plan, and immediately pay them money. I felt my money has been wasted unnecessarily and still i have to pay INR 6500 for the holiday package. I was never informed about the return policy or else I would have changed my decision to pay for this scam. On sheer trust i gave money and now i am paying EMI’s because i can’t lie or break anyone’s trust. Hence I didn’t even made a single partner in this business. I would like to get my money back, so that I can pay my loan back and can live my life peacefully.

    Regards
    [email protected]

    http://www.complaintbox.in/qnet-multi-le...

    Abhishek Patil

    6 years ago

    In one of my family community on FB , one Qnet IR posted this, i am going to have fun with him, #lickingMyFingers

    =============================

    It’s not a Job; It’s an Adventure!!!

    There is a Wonderful Opportunity for an individual who is very Ambitious, Hardworking, Money-Motivated and would be excited about having More Free Time for Family & Personal Development. Best part is that he/she can EARN MORE than his/her CURRENT INCOME, without disturbing his/her current profile.

    In case you are looking out for such a wonderful opportunity, contact me on below number. Or if you come across anyone who fits in above requirements, please ask him/her to contact me.

    ABC XYZ : Prosperity Consultant

    REPLY

    sunil

    In Reply to Abhishek Patil 6 years ago

    Can i get his contact details. even i want some fun.

    sunil

    6 years ago

    Government should compensate him properly as he is fighting common mans case- http://www.dnaindia.com/mumbai/report-un...

    Tex

    6 years ago

    Who are your question marks directed towards, and why?

    REPLY

    sunil

    In Reply to Tex 6 years ago

    I daily visit the page for updates. but when i find no updates i become restless. There is no more news about qnetters and their activities?
    Those who went to malasia are back and still continuing with qnet. thats my worry, more n more ppl are still getting trapped in their net.

    sunil

    6 years ago

    ???

    Tex

    6 years ago

    Anyone who has the false belief that the American press is doing their job should visit my blog, and check out the 5/29/2014 story here: http://stoptheamwaytoolscam.wordpress.co...

    jitu moni

    6 years ago

    Beware Folks!! Another promo circulated "Start Living" 24th May - 4th July (early bird period too)with Indians mostly,(see facebook comments) promising to Pathman for achieving their targets (read family and friends)in the hope of so called "max out"

    https://http://www.facebook.com/pages/V-Managing-Direct...

    REPLY

    Tex

    In Reply to jitu moni 6 years ago

    Your facebook link didn't work for me.

    sunil

    In Reply to Tex 6 years ago

    it seems that the page is removed

    Tex

    In Reply to sunil 6 years ago

    That was fast! LOL

    jitu moni

    In Reply to Tex 6 years ago

    My Bad
    https://http://www.facebook.com/pages/V-Managing-Direct...

    jitu moni

    In Reply to sunil 6 years ago

    Search for pathman facebook

    jitu moni

    6 years ago

    QNET files appeal against Magistrate's order blocking websites
    Press Trust of India | Mumbai
    May 29, 2014 Last Updated at 18:38 IST
    Hong Kong-based multi-level marketing company QNET, allegedly involved in Rs 425-crore financial fraud, today filed an appeal in a sessions court here challenging a lower court order which had blocked its websites.

    The appeal would come up for hearing by May 31, court sources said.

    On a plea made by Economic Offences Wing (EOW) of Mumbai police, a city Magistrate had on May 3 issued an order asking Indian Computer Emergency Response Team (CERT) of Information and Technology Department of the Union Government to block the websites/servers of the company.

    Accordingly, the CERT blocked these websites which were allegedly indulging in online illegal money circulation schemes. Being aggrieved, QNET filed an appeal in the sessions court.

    The EOW had alleged that the websites of QNET induced the people to jump into money circulation scheme and thus they got cheated by way of selling various products.

    The EOW had arrested nine team leaders of QNET for allegedly duping investors by offering to sell products like magnetic disks, herbal products and holiday schemes through fraudulent practices. However, they were released on bail later.

    QNET has also been accused of using the banned binary pyramid business model for their multi-level marketing schemes to entice investors. The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.

    QNET contended in the appeal that it used its websites -- http://www.Qnet.Net, http://www.Questnet.Net and http://www.Qnetindia.In -- as their "e-commerce" platform to sell various products.

    The company said that without hearing them or giving them an opportunity to plead its case, the Magistrate passed the impugned order asking the authorities to block websites.

    QNET argued that it was engaged in e-commerce and hence its websites is their blood line. The EOW want to block their website to stop the blood line and bring the company business to collapse before proving the allegations levelled against them in the FIR registered in August last year.
    http://www.business-standard.com/article...

    jitu moni

    6 years ago

    Amway Chief Executive Pinckney in Khammam Police Custody
    Press Trust of India | Updated On: May 28, 2014 23:53 (IST)
    Hyderabad:

    The Khammam police in Andhra Pradesh took Amway India chief executive William Scott Pinckney into custody on Wednesday following registration of a case against the direct selling company.

    Amway is facing nine criminal cases at various places in Andhra Pradesh.

    A court in Kurnool district also rejected Mr Pinckney's bail petition and granted his five-day remand to Kurnool police while the Punjagutta police registered yet another case against him.

    However, before Kurnool police could take his custody, the Khammam Police obtained a production warrant from a court in Khammam and furnished it to the Kadapa jail authorities on Wednesday evening. A complaint has been filed against Amway by one G Rama Rao in Khammam.

    "We have taken him (Pinckney) into custody from Kadapa prison....He will be produced before a court in Khammam district," a senior police official told PTI on Wednesday evening.

    Kurnool Superintendent of Police (SP) Raghurami Reddy said they will seek Mr Pinckney's custody from Khammam police by producing the Kurnool court's order. "We may lose one day (of custodial interrogation period) in this process," he said.

    "The police were permitted to take him (Pinckney) into five-day custody from tomorrow (by Kurnool court). It (the Amway business) is going on for the past several years. We need to find out the details about the company's revenues and mode of operations," the police official told PTI over phone from Kurnool.

    Responding to a complaint alleging financial irregularities in Amway's operations, Mr Pinckney was arrested in Gurgaon by the Kurnool Police. He was produced before a court on Tuesday which sent him to Kadapa district jail on a judicial remand.

    Meanwhile, a complaint of cheating was registered against Amway in Punjagutta police station in Hyderabad by a local organisation on Wednesday, said Deputy Commissioner of Police (West Zone) V Satyanarayana.

    "The matter has been forwarded to the legal cell seeking its opinion as no victim has come forward with regard to the complaint....the victim has to come forward and tell about the alleged wrongful loss caused by the multi-marketing business run by the company," he said.

    Amway faces criminal complaints in Guntur, Vijayawada, Prakasam, Khammam, Warangal and Medak. In addition, there are three cases in Hyderabad.

    According to police, the CID had registered a criminal case against Amway in 2006. The company approached High Court seeking a declaration that its marketing scheme does not fall under the provisions of 'The Prize Chits and Money Circulation Schemes (Banning) Act, 1978'.

    But the HC held that the scheme is an illegal 'Money Circulation Scheme' and falls within the definition of mischief as described in the Act. The company got no relief from the Supreme Court either, as per the police.

    Terming the FIRs as "frivolous and misleading", Amway in a late night statement said Mr Pinckney has been denied bail and the company will move higher court.

    It also said the police started moving Pinckney from Kadapa jail to Khammam jail even before the outcome of the bail hearing in Kurnool. This movement was based on another "frivolous" FIR lodged in Khammam some days ago, it added.

    "Subsequently, in the evening, the bail application of William Pinckney was denied by the Kurnool court. We will now approach the sessions court."

    "We maintain that the allegations mentioned in the FIRs are frivolous and give a misleading impression about our business. We had no prior information about the FIR which was filed way back in December 2013," it said.

    The developments highlight the need to amend the Prize Chits and Money Circulation Schemes (Banning) Act 1978 (PCMCS) under which the complaints have been filed against Amway and its CEO, the statement said.

    "Frivolous or motivated complaints filed against a legitimate direct selling company like Amway have been misinterpreted and booked under the PCMCS Act. As pointed out by the Secretary General of FICCI yesterday, such instances can potentially damage the country's reputation as an investment destination," it said.

    The company ask the authorities to take note of the challenges faced by the direct selling industry and provide guidelines to recognise legitimate direct selling companies. The direct selling industry generates an annual revenue of more than Rs. 7,100 crore, it said.

    Amway operates its business through the direct selling model in markets with very stringent direct selling and consumer protection regulations like the USA, UK, China, Malaysia, Singapore, Vietnam without challenge or inhibition maintaining the highest levels of probity, integrity, corporate governance and consumer protection standards, it said.
    http://profit.ndtv.com/news/corporates/a...

    gurupreet

    6 years ago

    Amway is illegal in india :)

    REPLY

    Tex

    In Reply to gurupreet 6 years ago

    Not yet. It appears parts of India are "harassing" Amway, but I've seen no widespread ban.

    Tex

    6 years ago

    This is what I call a good start: http://www.business-standard.com/article... LOL

    Tex

    6 years ago

    What does Vanamala have to do with Qnet? Also, how long has the below message been on the Vanamala site?

    ABOUT US MANAGING DIRECTOR'S MESSAGE FAQs

    Dear Members,

    Due to service disruptions on our current hotlines, please refer to the following number should you have any queries, email us at [email protected]

    We apologise for any inconvenience.

    Important Announcement regarding Payment Gateway - INR Payments
    Dear members,

    We are experiencing problems with our Payment Gateway system. As such, please refrain from using it with immediate effect.

    To know the alternate modes of payment you can use, please contact our Customer Experience Ambassadors at
    +603 7949 8288 and they will assist you accordingly. Thank you.

    REPLY

    sunil

    In Reply to Tex 6 years ago

    It is part of qnetindia. they do the hotel bookings etc.

    Tex

    In Reply to sunil 6 years ago

    Okay, thanks.

    sunil

    6 years ago

    This site is not yet blocked- http://www.vanamala-india.com/en/

    REPLY

    gurupreet

    In Reply to sunil 6 years ago

    Vanmalaa bank accounts frozen..payment gateways deactivated...office in mumbai sealed..web site err....wait and see...

    gurupreet

    6 years ago

    Message to the SICK QTARDS (Qnet Retards).

    Welcome back from the WE-Con.

    Your leaders made claims and were posting many things like we are back "Stronger and We will make it grow BIGGER", I hope you all like this pleasant surprise of all your web sites being blocked now.

    Well You all white collared criminals had been cheating innocent people even after my FIR was registered and action by the EOW by making statements that "TILL DATE NO COURT HAS ORDERED ANYTHING AGAINST US"

    So Dear QTARDS how do u all feel to know that a competent court has ordered for blocking of all known web sites running this SICK QNET SCAM ONLINE.

    This is the site i been waiting to see since long...here is the image

    http://imageupper.com/i/?S0200010100011B...

    For non-techies it means no web services are responding of the qnet web sites.

    With the premier agencies having started investigations into this decade old SCAM, i am sure the flight details and flight manifests of all you sick QTARDS is under radar and all those QTARDS who have taken innocent people to Malaysia this year for the WE-CON will be arrested soon...

    Jai Hind
    Guru

    REPLY

    sunil

    In Reply to gurupreet 6 years ago

    This site is not yet blocked- http://www.vanamala-india.com/en/

    sunil

    In Reply to gurupreet 6 years ago

    I like it.
    I salute you.

    Tex

    In Reply to gurupreet 6 years ago

    This is great news, but the qnetindia.in site works for me, is that because I'm not in India?

    Think of all the money spent on airplane tickets and the meeting, and now they can't access their website! LOL

    gurupreet

    In Reply to Tex 6 years ago

    Hey TeX..its all blocked from india..i m online on Google hang out now

    Tex

    In Reply to gurupreet 6 years ago

    Thanks, I am heading off to the local courthouse. There is a former Amway Diamond whose fate is now in the hands of the jury, for operating a separate gas and oil related Ponzi scheme. Guess where he learned that "skill?" For the details, see http://kellygrogers.blogspot.com/

    Tex

    6 years ago

    Looks like there is much to do: http://www.businessforhome.org/2014/05/q...

    gurupreet

    6 years ago

    sabra ka fal meetha hota hai sunil bhai :)

    REPLY

    sunil

    In Reply to gurupreet 6 years ago

    ok.

    Tex

    In Reply to gurupreet 6 years ago

    English?

    sunil

    6 years ago

    no more updates?

    jitu moni

    6 years ago

    http://www.forbes.com/sites/peterjreilly...
    4/28/2014 @ 9:58AM |2,476 views

    Tax Court Denies Amway Losses - Again
    It’s been a while since I’ve seen a Tax Court decision about Amway losses. Several years ago I did a study of all Amway cases. The taxpayers almost always lost and generally for the same reasons. The case of Samer and Mariana Mikhail, decided this month, does not break any new ground. The taxpayers were representing themselves and the stakes were fairly low – deficiency of $8,286 for the year 2009.

    What is Amway all about?

    I attended an Amway presentation many years ago. Apparently things have not changed that much. Amway markets a variety of consumer products through a direct marketing system. The participants are referred to as IBOs (Independent Business Owners). According to its website, Amway has paid out over $40 billion in bonuses and incentives to IBOs since 1959. The key to success as an Amway IBO is not so much selling the product yourself as it is recruiting other people (your down-line), who recruit other people and so on. You get a piece of the action for everybody down line to you just as your upline gets a piece of the action from the sales you generate.
    Video: Amway's Global Growth Strategy Jennifer Rooney Jennifer Rooney Forbes Staff
    Drag Racing And Horse Breeding In The Same Case - At Least They Didn't Try Amway Peter J Reilly Peter J Reilly Contributor
    Track Star Ryan Bailey's Coach Beats IRS In Tax Court Peter J Reilly Peter J Reilly Contributor
    Horse Breeders Win in Tax Court Peter J Reilly Peter J Reilly Contributor

    The Tax Court explains it this way.

    Amway’s compensation system for distributors results in a pyramidlike network of distributors. Under this system an “upline” or “sponsor” distributor is encouraged to recruit new “downline” distributors to become part of his or her organization. “Downline” distributors likewise are encouraged to recruit new distributors who in turn become “legs” of the original “upline” distributor’s organization. “Downline” distributors recruited by the same “upline” distributor are referred to as “crossline” distributors. An “upline” distributor receives bonus payments from Amway based on the volume of sales (as opposed to profits) generated by the “downline” distributors who are part of his or her organization.

    How did it work for the Mikhails?

    Dr. Samar Mikhail is a physician employed by the US Department of Veterans Affairs. In 2007, the final year of his residency, he earned about $64,000. From 2008 to 2011, his earnings went from about $145,000 to about $165,000. Mrs. Mikhail has had some short-term part-time jobs but has mainly been a homemaker.

    Dr. Mikhail was recruited in 2004 by his dentist. He did some research and concluded that the negative assessments you will read about Amway are attributable to individuals “who did not follow the system”. Apparently the Mikhails decided that they would “follow the system”.

    Petitioners conducted their Amway activities in accordance with instructions from their “upline” distributors, educational materials obtained from an Amway-related educational system known as Leadership Team Development (LTD), and information obtained while attending Amway seminars, workshops, and conferences. Petitioners did not seek advice from disinterested professionals, develop a business plan, prepare profit projections, or undertake any type of market analysis.

    Petitioners attended weekly and monthly Amway meetings held locally and elsewhere in Florida. During 2009 they attended five national Amway.

    The part I highlighted is a tip-off that the case is not going to go well for the Mikhails. Tax Court judges are big believers in business plans.

    Dr. Mikhail testified that the time he devotes to Amway activities is largely directed at recruiting new distributors. He further testified that he usually spends his lunch hour, as well as an hour or two after work, and approximately three hours every weekend on Amway activities and that Amway is always “at the forefront” of his mind. Dr. Mikhail spent more time on Amway activities than Mrs. Mikhail.

    Mrs. Mikhail testified that she is responsible for bookkeeping, business management, and organization of Amway parties and events. During 2009 she maintained records of the couple’s Amway-related expenses including a mileage log, a spreadsheet listing monthly expenses, and credit card statements. Petitioners did not use their Amway records to prepare a formal budget or conduct a break-even analysis.

    Petitioners initially attempted to recruit family members and friends as “downline” distributors but found that most of them were unable to “overcome their life circumstances and continue to build Amway with us”. Petitioners later altered their recruitment strategy by frequenting upscale restaurants and shopping areas and striking up conversations with people they encountered with the aim of identifying what they termed “learners”. Petitioners purchased books and CDs from LTD and gave them to potential recruits.

    The Mikhails posted losses in every year from 2005 through 2011. All in, there was less than $30,000 in revenue and a total net loss of $192,427

    The Decision

    The Court starts off with the classic nine factors.

    These factors are: (1) the manner in which the taxpayer carries on the activity; (2) the expertise of the taxpayer or his advisers; (3) the time and effort expended by the taxpayer in carrying on the activity; (4) the expectation that the assets used in the activity may appreciate in value; (5) the taxpayer’s success in carrying on other similar or 4 dissimilar activities; (6) the taxpayer’s history of income or losses with respect to the activity; (7) the amount of occasional profits, if any, which are earned; (8) the financial status of the taxpayer; and (9) any elements indicating personal pleasure or recreation.

    They pretty much went 0 for 9.

    Although petitioners kept records of their Amway expenses, they did not use those records to analyze their business performance or to prepare profit projections, a break-even analysis, or a formal budget.

    Petitioners obtained advice only from “upline” distributors—persons who had a direct financial interest in the maximization of petitioners’ sales volume, without regard to whether they would realize a profit.

    Under the circumstances, we conclude petitioners did not spend a significant amount of time on the Amway activity.

    Petitioners had no prior experience engaging in a direct marketing distributorship or managing a small business of any sort.

    Although petitioners testified that they believe the Amway activity will eventually generate profits, we cannot discern on this record any definitive trend to the upside for petitioners, and there certainly is no indication that they are on their way to the level of profitability that would allow them to recoup the substantial cumulative losses they have incurred to date.

    The record shows that petitioners used their Amway distributorship as a means to generate deductions for essentially personal expenditures and to enjoy discounts on items they purchased for personal consumption. The availability of consumer product discounts for personal use merchandise is a factor supporting the conclusion that petitioners lacked a profit objective.

    We also note that petitioners (1) traveled together to attend Amway seminars and conferences in various cities, (2) took trips to New York and Texas to discuss Amway with family and friends, and (3) hosted meetings that had a social component. All things considered, we conclude that petitioners derived personal benefits and pleasure from the Amway activity. This factor weighs against petitioners.

    About Being An Amway IBO

    It is not hard to find a lot of criticism of the Amway IBO experience. According to the critics most people don’t make any money and the big earners make most of their money from selling motivational tools to the wannabees. Then you will find critics of the critics. I have determined to remain agnostic on that issue. The record in Tax Court is somewhat supportive of the critics, but of course there is a sampling problem. Successful Amway IBOs will not end up in Tax Court defending year after year losses.

    The most colorful critic is probably the author of Married To An Ambot. Of course there are those who question her sincerity. I have decided not to have a dog in that fight, but to stick with what I read in original tax documents, which allows me to formulate some advice that is sound regardless of what the “truth about Amway” is. It boils down to two suggestions.

    My Suggestions.

    My first suggestion is that if you want to have a side business to make personal expenses deductible (which is something that you should not do at all, by the way), Amway is about the worst thing to pick. People with persistent Amway losses do not do well in Tax Court. The other is that if you expect that a side activity will ultimately be profitable, you might want to consider suspending the losses under Code Section 469. Although, in principle, this does not immunize you from being attacked under Section 183, as a practical matter it does since you are not getting a current benefit. You will get the benefit when the activity becomes profitable or you abandon it.

    You can follow me on twitter @peterreillycpa.

    Note

    The case has not attracted much notice. Joe Kristan wrote

    I avoid multi-level marketing clients because their “profit” so often comes from putting personal expenses on Schedule C. It sure seems that way here.

    The Tax Court declined to impose penalties, citing taxpayer maintenance of good records and reliance on a CPA to prepare their returns. Considering that the Tax Court has upheld penalties for taxpayers who are more sympathetic than a doctor deducting his car, it’s somewhat surprising. It shows that even if you can’t show a profit motive, using good records and a preparer can at least help avoid penalties.

    jitu moni

    6 years ago

    Amway's Claims Are Malarkey, Distributors Say
    By MATT REYNOLDS

    ShareThis

    LOS ANGELES (CN) - The world's largest Amway distributors expanded their business from Taiwan into Chinese communities in the United States, defrauding their new clients with promises of "enormous profits," nine Amway sellers claim in court.
    Lead plaintiff Longsheng Lei and eight other of the self-described "most successful distributors in the entire Amway organization" sued Amway and husband-and-wife Amway distributors Barry Chi and Holly Chen in Superior Court. They allege breach of contract, fraud, false advertising, unfair competition, unjust enrichment, conversion and negligent misrepresentation.
    "Defendants, husband and wife Barry Chi and Holly Chen are the single largest Amway distributors in the world," the lawsuit states. "Barry and Holly's network has spread from her base in Taiwan to Chinese communities in United States, including the Southern California region."
    Chi and Chen persuaded the plaintiffs to attend their seminars and become "independent business owners" through Amway's pyramid selling structure, Lei says.
    According to the 14-page lawsuit, the husband and wife made "false promises of enormous profit" and Chen told seminar attendees that she has so much money she "doesn't even know how much she makes."
    Lei claims that although the defendants promised she could make hundreds of thousands of dollars or even millions in commissions, the reality is that Amway knows its business owners make closer to $200 a month.
    She claims that Amway and Chen and Chi, like other high-level distributors, make most of their money through the sale of "non-Amway" motivational books, tapes and seminars.
    Lei claims that after she became an independent business owner in 2011, Amway falsely accused her of using other Amway sellers to send products to an Army base in Texas.
    Another distributor, plaintiff Hui Cao, was accused, with scant evidence, of selling Amway products through Amazon storefront, Platinum Wire, according to the lawsuit.
    Amway suspended Lei's registrations and withheld Cao's commissions even though Amway represents to distributors that they work for themselves and are not "bound one to the other in any other relationship other than that of an independent arm's length business relationship," the lawsuit states.
    The plaintiffs seek punitive damages and costs and are represented by Long Liu of San Gabriel.
    Amway did not immediately respond to a request for comment.
    http://www.courthousenews.com/2014/04/29...

    sunil

    6 years ago

    Qnetters- beware- Modi is coming

    REPLY

    Tex

    In Reply to sunil 6 years ago

    What is Modi?

    sunil

    In Reply to Tex 6 years ago

    He is India's would be Prime Minister.
    He has a good image.
    He is not corrupt like earlier government

    Tex

    In Reply to sunil 6 years ago

    Let's hope so, I've heard the same said about a LOT of politicians, only to be disappointed.

    sunil

    6 years ago

    They are back from Malaysia.

    sunil

    6 years ago

    Malaysian trip 6th May to 14th May

    REPLY

    karam

    In Reply to sunil 6 years ago

    The feel good factor is that the IR's are no longer posting in public on social networking sites regarding their visit to V Con ... this restricts the basic concept of networking for propagating a binary pyramid scheme ... as they remain restricted within their current circles ... and reduces the pace of growth ...

    sunil

    In Reply to karam 6 years ago

    But still they are making lots of money.

    V Con team is returning back on 14th May-14 at Chennai airport.

    Tex

    In Reply to sunil 6 years ago

    I agree, they may not be as visible, but are still running scams under the radar. They probably avoid public posts and stay with private networks within Facebook and other social networking sites.

    sunil

    6 years ago

    Malaysian trip 6th May to 14th May.

    jitu moni

    6 years ago

    All that glitters is not gold in network marketing
    CNN-IBN
    Feb 26, 2008 at 11:35am IST

    Software professional A V S Satyanarayana changed gears to become an Amway distributor only to realise he could not steer his life anymore. “What they publicise and talk inside are completely different. It is very much illegal. You can’t force your consumer to buy certain things and you can't force another consumer to utilise these things,” says Satyanarayana.

    When his family life started to come apart Satyanarayana opted out but not before filing a FIR against Amway India Enterprises with the CID in Hyderabad. “I expressed my unwillingness to continue in the scheme and inability to enroll other member. They approached my family members and office subordinates and started to harass them to join in the scheme on my behalf,” says Satyanarayana.

    “Amway confuses distributor as consumer, consumer as distributor. If consumer raises his voice and says this product is costly and suddenly they say you are a distributor you can't talk and if you go as a distributor say you need low prices,” Satyanarayana.

    Loss or gain

    A CNN-IBN investigation sought to find out the truth about multi-level marketing. It met a couple whose children sank their retirement benefits into network marketing. Dr Umamaheshwar Rao, a retired scientist, and his wife were initially supportive of their children's venture.

    “For over five or six years they were into the business. I went along with them supported them in every way financially, physically and morally, but in the end it was found to be a losing game by themselves,” says Rao.

    The expenditure was guaranteed but not the income. “The net result is a loss. The sales were less and the money spent in the game was more.” The family lost several lakh rupees even as their children drifted away.

    PAGE_BREAK

    “It ruined our inter-personal relationships. People were cult controlled in immeasurable ways,” says Rao, who has filed a public interest litigation (PIL) for action against Amway.

    In Percherla village, in Andhra Pradesh's Guntur district, the CNN-IBN investigation met more families who accuse network marketing companies of exploiting their ignorance and illiteracy.

    Anasuya is a tailor. She has been dealing with angry neighbours ever since she got them to join the network-marketing scheme of Pearls Agrotech Corporation. “They told me pay Rs 1,365 per annum and after five and half year you will get Rs 10,900,” says Anasuya.

    “The agent pursued me and said if I get 10 members I will be paid more commission. They were even promised plots of land as payment. They gave bonds in which there is no money but a plot I don't know where this plot is,” alleges Anasuya.

    People from Percherla have been duped into shelling out almost Rs 20 lakh for land that only exists on paper. In Ramadevi's case after this dud investment, her husband just walked out on her.

    “The money I paid was without the consent of my husband that led to problems. My husband left home,” says Ramadevi.

    When contacted Pearls Agrotech refused to comment.

    The recipe for success

    Like Indian companies, Amway has also found its way into the villages of Andhra Pradesh. Brammiah Addanki wanted to do better in life, and was told that by joining Amway he could achieve his dream of owning a concrete house.

    Brahmiah and his wife earned just Rs 4,000 a month and they poured all of that to become Amway distributors. “They promised my wife air tickets. She was told to enroll more persons to earn her commission. We were also told these products would earn us a lot of money,” says Brahmiah.

    They spent thousands on enrolling members and stockpiling products… including items they didn't even need. Till they realised that buying was easier than selling.

    “Out of Rs 20,000 I only recovered Rs 5,000. We had to consume most of it ourselves because these items are too expensive for others in the village. We put our savings into this. We borrowed money, now we are in debt,” says Brammiah.

    PAGE_BREAK

    Gajulapeta in Ibrahimpatnam is full of families who have lost money chasing the promises held out by network marketing firms.

    Baali, a daily labourer earning Rs 50 a day, mortgaged her house hoping to become a successful Amway Business Owner. “When they met me, they said it's a great opportunity to earn money. I didn't have spare money then, so I raised it by mortgaging my house,” says Baali.

    “First I paid Rs 5,000, then Rs 2000 and then Rs 2000 again. Like this I paid Rs 50,000 borrowing on interest,” says Baali.

    “Companies create a rosy picture saying you should become a member of multi-level marketing and you will get many things. They say you will get health as well as wealth,” says Divakar Babu, of the Consumer Guidance Society.

    Baali, like most women in Gajulapeta, got none. She curses herself for not being able to look beyond the gloss. CNN-IBN then approached the woman who introduced Amway and roped in all her neighbors to do network marketing in this small village.

    B Lakshmi didn’t know about the risks of network marketing and enthusiastically made a down line of 30 people. “They said it depends upon the number of people I can convince to join. I was told I could earn up to Rs 50,000 a month. I would start with Rs 5000 and by the end of one year it would be Rs 50,000,” says Lakshmi

    To sail the seven seas, she even borrowed from micro finance schemes. Lakshmi and her husband's story will never make it to these brochures her husband is livid and the neighbors unforgiving…

    When asked how they chose their distributors, in a written response, Amway admitted that no minimum educational qualifications were required. Self-belief and a strong desire to succeed in the long term was needed in the business, the company said.

    Amway Response:

    "The Direct Selling Industry does not "impose" any minimum desirable educational qualification"

    "For distributors, self belief and a strong desire to succeed with a long term business perspective is needed"

    http://ibnlive.in.com/news/all-that-glit...

    jitu moni

    6 years ago

    Investor Alert: Beware of Pyramid Schemes Posing as Multi-Level Marketing Programs

    The SEC's Office of Investor Education and Advocacy is issuing this Investor Alert to warn individual investors about pyramid schemes, a type of investment scam that fraudsters often pitch as a legitimate business opportunity in the form of multi-level marketing programs.

    Have you ever been tempted by an advertisement or offer to make "easy money" or "online income" out of your own home? Multi-level marketing ("MLM") programs are promoted through Internet advertising, company websites, social media, presentations, group meetings, conference calls, and brochures. In an MLM program, you typically get paid for products or services that you and the distributors in your "downline" (i.e., participants you recruit and their recruits) sell to others. However, some MLM programs are actually pyramid schemes -- a type of fraud in which participants profit almost exclusively through recruiting other people to participate in the program.

    Pyramid schemes masquerading as MLM programs often violate the federal securities laws, such as laws prohibiting fraud and requiring the registration of securities offerings and broker-dealers. In a pyramid scheme, money from new participants is used to pay recruiting commissions (that may take any form, including the form of securities) to earlier participants just like how, in classic Ponzi schemes, money from new investors is used to pay fake "profits" to earlier investors. Recently, the SEC has sued the alleged operators of large-scale pyramid schemes for violating the federal securities laws through the guise of MLM programs.

    When considering joining an MLM program, beware of these hallmarks of a pyramid scheme:

    No genuine product or service. MLM programs involve selling a genuine product or service to people who are not in the program. Exercise caution if there is no underlying product or service being sold to others, or if what is being sold is speculative or appears inappropriately priced.
    Promises of high returns in a short time period. Be leery of pitches for exponential returns and "get rich quick" claims. High returns and fast cash in an MLM program may suggest that commissions are being paid out of money from new recruits rather than revenue generated by product sales.
    Easy money or passive income. Be wary if you are offered compensation in exchange for little work such as making payments, recruiting others, and placing advertisements.
    No demonstrated revenue from retail sales. Ask to see documents, such as financial statements audited by a certified public accountant (CPA), showing that the MLM company generates revenue from selling its products or services to people outside the program.
    Buy-in required. The goal of an MLM program is to sell products. Be careful if you are required to pay a buy-in to participate in the program, even if the buy-in is a nominal one-time or recurring fee (e.g., $10 or $10/month).
    Complex commission structure. Be concerned unless commissions are based on products or services that you or your recruits sell to people outside the program. If you do not understand how you will be compensated, be cautious.
    Emphasis on recruiting. If a program primarily focuses on recruiting others to join the program for a fee, it is likely a pyramid scheme. Be skeptical if you will receive more compensation for recruiting others than for product sales.

    The SEC has taken emergency enforcement action to stop alleged pyramid schemes that violate the federal securities laws, including schemes disguised as MLM programs.

    For example, in a recently filed litigation, SEC v. CKB168, the SEC filed charges to stop an alleged pyramid scheme perpetrated under the façade of an MLM program for online children's courses. The promoters of the scheme allegedly solicited investors worldwide, including targeting members of Asian-American communities in New York and California. The SEC alleges that these promoters misrepresented CKB as a legitimate and profitable MLM company that sells web-based children's educational courses when, in fact, CKB has little or no retail consumer sales and no apparent source of revenue other than money received from new investors.

    In an adjudicated settled action, SEC v. Rex Venture Group, the SEC shut down a $600 million fraud that duped approximately one million Internet customers through a complex investment scam involving a Ponzi scheme promoted as a daily profit-share pool and a pyramid scheme pitched as an MLM program for Zeekrewards.com, the self-described affiliate advertising division for zeekler.com, a penny auction website. The SEC alleged that, for the pyramid scheme component of the scam, the defendants promised bonuses and commissions to customers for enrolling in a monthly subscription plan and recruiting others to join the plan. However, according to the SEC's complaint, new customers' funds were pooled and used to pay recruiting bonuses to existing customers because there was no substantial legitimate revenue from product sales.

    Pyramid schemes cannot be sustained and always collapse eventually. Protect yourself and your money by steering clear of any "opportunity" bearing warning signs of a pyramid scheme.

    http://www.sec.gov/investor/alerts/ia_py...

    jitu moni

    6 years ago

    meghpol.nic.in/alert/Alert_MLM.pdf

    REPLY

    Tex

    In Reply to jitu moni 6 years ago

    I don't understand. If MLM is considered a scam in India, why is it still there?

    jitu moni

    6 years ago

    I. Money Circulation/Multi-Level Marketing (MLM)/ Ponzi Schemes/ Unincorporated Bodies (UIBs)

    45. What are money circulation/Ponzi/multi-level marketing schemes?

    Money circulation, multi level marketing / Chain Marketing or Ponzi schemes are schemes promising easy or quick money upon enrollment of members. Income under Multi level marketing or pyramid structured schemes do not come from the sale of products they offer as much as from enrolling more and more members from whom hefty subscription fees are taken. It is incumbent upon all members to enroll more members, as a portion of the subscription amounts so collected are distributed among the members at the top of the pyramid. Any break in the chain leads to the collapse of the pyramid, and the members lower in the pyramid are the ones that are affected the most. Ponzi schemes are those schemes that collect money from the public on promises of high returns. As there is no asset creation, money collected from one depositor is paid as returns to the other. Since there is no other activity generating returns, the scheme becomes unviable and impossible for the people running the scheme to meet the promised return or even return the principal amounts collected. The scheme inevitably fails and the perpetrators disappear with the money.

    46. Is acceptance of money under Money Circulation/Multi-level Marketing/Pyramid structured schemes allowed?

    No. Acceptance of money under Money Circulation/Multi-level Marketing/Pyramid structured schemes and Ponzi schemes is not allowed as acceptance of money under those schemes is a cognizable offence under the Prize Chit and Money Circulation (Banning) Act 1978.

    47. Does RBI regulate Money Circulation/Multi-level Marketing/Pyramid structured scheme?

    No. Prize Chits and Money Circulation Schemes are banned under the Prize Chits and Money Circulation Schemes (Banning) Act of 1978. The Reserve Bank has no role in implementation of this Act, except advising and assisting the Central Government in framing the Rules under this Act.

    48. Then who regulates entities that run such schemes?

    Money Circulation/Multi-level Marketing /Pyramid structured schemes are an offence under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. The Act prohibits any person or individual to promote or conduct any prize chit or money circulation scheme or enrol as member to its schemes or anyone to participate in it by either receiving or remitting any money in pursuance of such chit or scheme. Contravention of the provisions of this Act, is monitored and dealt with by the State Governments.

    49. What if someone operates such a scheme?

    Any information/grievance relating to such schemes should be given to the police / Economic Offence Wing (EOW) of the concerned State Government or the Ministry of Corporate Affairs. If brought to RBI notice – we will inform the same to the concerned State Government authorities.

    50. Who can the Depositor/Investor turn to in case of grievances?

    The two Charts given at Annex I and II depict the activities and the regulators overseeing the same. Complaints may hence be addressed to the concerned regulator. If the activity is a banned activity, the aggrieved person can approach the State Police/Economic Offences Wing of the State Police and lodge a suitable complaint.

    51. Who has the power to take action against Unincorporated Bodies (UIBs) accepting deposits?

    As per Section 45T of RBI Act, both the RBI and State Governments have been given concurrent powers. Nonetheless, in order to take immediate action against the offender, the information should immediately be passed on to the State Police or the Economic Offences Wing of the concerned State who can take prompt and appropriate action. Since the State Government machinery is widespread and the State Government is also empowered to take action under the provisions of RBI Act, 1934, any information on such entities accepting deposits may be provided immediately to the respective State Government’s Police Department/EOW.

    Many of the State Governments have enacted the State Protection of Interests of Depositors Act in Financial Establishments, which empowers the State Government to take appropriate and timely action.

    Section 45S of the RBI Act 1934 specifically prohibits unincorporated bodies like individuals, firms and unincorporated association of individuals from accepting deposits from the public if they are carrying on financial activity or are accepting deposits as their principal business. The Act makes acceptance of deposits by such UIBs punishable with imprisonment or fine or both.

    The RBI Act, 1934, gives concurrent powers to the Reserve Bank and the State Government to obtain a search warrant from the Court to investigate the acceptance of deposits by such UIBs.

    An Authorized Officer of the Reserve Bank or the State Government can file a complaint in a court of law against the unincorporated bodies and the individuals concerned for the offence.

    http://www.rbi.org.in/scripts/FAQView.as...

    jitu moni

    6 years ago

    State government notifies public against MLM network scams
    Imphal Free Press
    By Imphal Free Press May 17, 2011 21:00

    IMPHAL May 17: In the aftermath of the financial devastation caused by certain networks namely Visarev, Unipay, Forex ,Global Index Daily which had swindled crores from scores of investors from the state, the government has finally addressed the issue.

    A notification of the Finance department signed by V K Dewangan, commissioner has informs the public that Prize chits or benefit schemes only give advantage to the promoters and do not serve any social purpose.

    Thus, the so called Multi Level Marketing (MLM), though called by very attractive names squarely falls within the definition of `Money Circulation Scheme` under the act and hence prohibited by the Prize Chits and Money Circulation Schemes (Banning) (Manipur) Rules, 1978.

    The notification says that the general public should avoid and not enroll themselves into these schemes as they not only destroy the economic fabric of the state but also the fiscal system of the country.

    Further, it also informed that MLM schemes destroy the knitted social fabric of our society and therefore, the public should not associate themselves with such companies. Citing previous cases of the Supreme Court and various other courts issuing judgments against the MLM`™s which are camouflaged illegal money circulation schemes, it mentions cases of Amway vs State of Andhra Pradesh, FMCG vs State of Tamil Nadu etc and in these cases, the judgments`™ passed clearly states that these types of schemes are prejudicial to public interest and also adversely affects the efficacy of fiscal and monetary policy as siphoning of crores take place without accountability.

    In this regard, the department of Financial Services, ministry of Finance, government of India has directed the Directorate of Enforcement and Central Economic Intelligence Bureau for taking up appropriate action against these major financial scams. The Central Economic Intelligence Bureau, in turn has directed state governments for taking up appropriate action.

    Further, it states that the general public, government officials and others concerned that the specific provisions under Prize Chit and Money Circulation Schemes (Banning) (Manipur) RULES, 1978 and relevant sections under section 420 of the Indian Penal Code are available to be invoked and effectively check and prevent progress of such dubious floated companies.

    The notice further mentioned that Section 3 of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 bans such schemes or participation in such schemes. Section 4 and 5 are penal provisions and prescribe punishment. Section 6 deals with offences committed by such companies. Section 7 authorizes police officers not below the rank of OC to exercise power to enter and search premises and to seize things used for such schemes. Section 8 provides for forfeiture of newspaper and publication containing money circulation schemes. The Preamble of 1978 Act declares that it has been enacted `to ban the promotion or conduct of prize chits and money circulation schemes and for matters connected therewith and incidental thereto`, it added.

    The notice mentions that the easy prey is the middle class and loses all their savings even at the cost of their blood relations, with their kith and kin also being victimized. The worst sufferers in such schemes are often unemployed youths who lose their time, health, wealth in the wild goose chase. Such schemes have ultimately destroyed a number of families and friendships, it said.

    http://kanglaonline.com/2011/05/state-go...

    jitu moni

    6 years ago

    M/S. Transview Enterprise India ... vs Union Of India on 31 October, 2013
    .....
    3. Briefly stated the facts are: that the petitioner had imported "Amezcua Chi Pendant" said to be artificial jewellery from its supplier M/s. QNET Ltd., Hong Kong. Value of the goods was declared to be `4,47,45,092/- by the petitioner. Self assessment was made and system appraisal through Risk Management System and the petitioner paid duty of `97,46,340/- on 14.12.2012. The Bill of Entry was taken up for investigation by the Special Intelligence and Investigation Branch (SIIB) on information that the goods were misclassified and under valued. The goods were examined on 27.12.2012 at the warehouse, Customs Freight Station. It was found that the goods were 'Glass Pendant' and not artificial jewellery as stated in the Bill of Entry. It was also stated that they were "Made in Germany" and its country of origin was not Malaysia as stated by the petitioner. The 5

    respondent-Department found that the classification was improperly made by the petitioner and that a higher rate of customs duty was applicable to the goods. On further investigation, the Department found that price of the goods were under valued by the importer and that there were several other deficiencies in the import.

    4. The second respondent prima facie found that there was a mis-declaration on the part of the importer on the following grounds: a) Description

    b) Country of origin

    c) Classification

    d) Existence of relationship with the supplier e) True transaction value

    5. Under these circumstances, goods were seized by mahazar drawn on 11.01.2013. Thereafter, the petitioner sought release of the goods by its letter dated 01.02.2013. In the meanwhile, 6

    WP No.19402/2013 had been preferred before this Court. Since the case required adjudication on the aforesaid aspects, the second respondent passed an Order under Section 110(2) of the Customs Act, 1962 extending the detention of the goods by further period of six months upto 10.01.2014.
    http://www.indiankanoon.org/doc/14448451...

    jitu moni

    6 years ago

    William Scott Pinckney vs Ut Chandigarh on 17 June, 2013
    Learned counsel for the petitioner submits that the petitioner is an American national. He is Chief Executive Officer and Managing Director of M/s Amway India Enterprises Pvt. Ltd. incorporated under the Companies Act. The said Company has a turnover of Rs.2000 Crore per annum in India. The FIR was registered in the year 2002 and thereafter, the untraced report was prepared but due to variety of reasons all of a sudden, the CRM-M No.19553 of 2013 Investigating agency presented the charge sheet in the year 2012.
    Petitioner William Scott Pinckney son of Bernard Ross Pinckney is permitted to leave India in accordance with the norms from 22.6.2013 to 29.6.2013 subject to his furnishing security by two Indian Directors of M/s Amway India Enterprises Pvt. Ltd. in the sum of ` 5 lacs each by way of bank guarantee/fixed deposit receipts to the satisfaction of the learned trial Court/Duty Magistrate, Chandigarh.
    http://indiankanoon.org/doc/49506765/

    jitu moni

    6 years ago

    Prithvi Raj Bijlani vs Ut Chandigarh on 17 June, 2013

    Prayer in this petition is for grant of permission to petitioner Prithvi Raj Bijlani to leave India and visit abroad. The petitioner has been booked for the offence punishable under Section 420, IPC and Sections 3 & 4 of the Prize Chits and Money Circulation Schemes Banning Act, 1978 in three separate cases arising out of the one and same FIR.
    The petitioner is permitted to leave India from 21.6.2013 to 2.7.2013 subject to his furnishing indemnity bonds in the sum of ` 2 lacs with two local sureties to the satisfaction of the learned trial Court/Duty Magistrate, Chandigarh.
    http://indiankanoon.org/doc/166252796/

    jitu moni

    6 years ago

    Amway India Enterprises, vs Union Of India (Uoi), 19 July, 2007
    ...34. It is, thus, evident that the whole scheme is so ingeniously conceived that the inducement for aggressive enrollment of new members to earn more and more commission is inherent in the scheme. By holding out attractive commission on the business turned out by the downline members, the scheme provides for sufficient inducements for its members to chase for the new members in their hot pursuit to make quick/easy money. On the part of the promoter by pushing each member to achieve the minimum sales worth Rs. 2,000/- per month, (this sale includes enrollment of new members) he is assured of about Rs. 1000 crores per annum. All this squarely satisfy the description of quick/easy money. In addition to this, it is an admitted fact that each person in order to continue to be the distributor, shall pay renewal subscription fee of Rs. 995/- per annum. In para-11(b) of the counter affidavit on the admitted number of distributors of 4,50,000 this amount is calculated at about Rs. 45 crores per annum. These figures are not denied by the first petitioner in it