QNet Ltd , formerly known as QuestNet , GoldQuest , and QI Limited , is a Hong Kong-based multichomponent of marketing level (MLM) company owned by QI Group. The company markets a variety of products including energy, weight management, nutrition, personal care, home care, and fashion accessories on an e-commerce platform. It operates legally in some countries, but has also been charged with Ponzi schemes and multi level marketing in countries like India.
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QNet was founded in 1998 in Hong Kong by Malaysian businessman, Vijay Eswaran. Despite being born and raised in Malaysia, Eswaran underwent higher education in England where he learned how multi-level marketing schemes work. He then worked in the Philippines at a multi-level marketing company before setting up his own MLM company he called QNet.
This then continues to change the name and emerge at least 76 companies (according to the orders of the Bombay High Court in May 2016), often under the pretext of selling lesser-known products produced by small companies, but always using multi-level marketing and direct model sales. Ordinary people (called IRs in QNet) are taught to sell these products (often through workshops), on which they will receive a commission for each new seller/buyer brought into the fold. Since it was first introduced in 1998, Qnet (doing business at the time of Questnet) promotes gold and silver coins with an MLM system. But the coin-collecting business is touted as a game of money and is declared illegal in some countries. Although registered in Hong Kong, the company has never actually conducted operations in Hong Kong or China, and its majority customer base remains in India and some African countries. A few years later, Questnet came up with a new name, Qnet and offered a variety of other products through its MLM system. It promotes its products on its website using a claim "that will not qualify officially in most parts of the world." While claiming to be an e-commerce-based business, regular retail customers can make purchases of products from websites only if they have a referral ID from an independent QNet representative. Qnet uses the website/server that is, www.qnetindia.in, www.qnetindia.net, www.qnet.net, www.questnet.net, to run its business blocked by the Indian Computer emergency response team (CERT) after a court order. Other websites such as portal.qnetindia.net, are being investigated by the government and further action on the website has been promised once details are collected.
Despite complaints, the company continues to operate in a number of countries including India, and sells its products using a multi-level marketing model, where independent representatives refer products to consumers and receive compensation based on their referral sales volumes and sales volume of other independent representatives in their team in binary mode.
In accordance with its website, the company operates in more than 30 countries and has offices in Indonesia, Malaysia, Hong Kong, Philippines, United Arab Emirates, Thailand, Taiwan, Vietnam, Saudi Arabia, Egypt, CÃÆ'Â'te d'Ivoire and Rwanda with a franchise company in India. Singapore and Turkey. He was sued by Egypt, Rwanda, and Sri Lanka for allegedly operating a product-based pyramid scheme. The company and the Vihaan franchise are also being investigated in India. The Bombay High Court rejected the anticipatory guarantees of all directors of Vihaan Direct Selling Pvt Ltd., the QNet franchise, which includes world amateur billiard champion Michael Ferreira after being rejected by Sessions Court. They face allegations of cheating and forgery. The court observed that "fraud and deception are disguised under the name of e-marketing and business". The Delhi High Court also called it a multi-victim fraud and refused to cancel the FIR against India's franchise director Qnet, Vihaan Direct Selling Private Limited. The Serious Fraud Investigation Office, in its report on GoldQuest and QuestNet India, calls a multi-level marketing (MLM) scheme run by overseas operators as a "potential threat to national security". The Government of India ordered the Serious Fraud Investigation Office to file a prosecution against GoldQuest International and QuestNet Enterprise under the Company Law and Indian Criminal Code. A brief executive summary of the SFIO report is now available in the public domain. The company has denied the allegations.
QNet operations tend to franchise to local companies, allowing headquarters to earn revenue while freeing them from responsibility and responsibility of local and national fraud cases.
Maps Qnet
History
QNet, a major subsidiary of QI Group of Companies, was founded by Vijay Eswaran and Joseph Bismark in Hong Kong in 1998. The company, first known as GoldQuest and QuestNet, created commemorative commemorative coins and then started selling jewelry and watches. In 2000, QNet was the official distributor of the Sydney Olympic coin and was a distributor at the 2004 Athens Olympics and the 2008 Beijing Olympics.
In 1999, QNet expanded its operations to Malaysia and Singapore and started a partnership with B.H. Mayer's Mint, a mint coin facility based in Germany. The company expanded its operations into Dubai, India, Indonesia and Thailand during 2001. QNet began diversifying its products in 2002 into travel and leisure by partnering with QVI Club brand holidays. During this time, the company also announced that it was the official coin distributor for the 2002 FIFA World Cup and expansion to Europe, Australia and Sri Lanka.
QNet became a licensed distributor for FIFA in 89 countries with its commemorative coin program in July 2004. In 2005, QNet acquired QI Comm, a British telecommunications company. The Company announced that it has more than 1 million independent distributors during the introduction of aspire magazine. In 2006, QNet began marketing energy, health, and nutritional products. In the same year, QNet acquired Prana Resorts and Spa, a vegetarian holiday resort in Koh Samui. QNet also acquired Swiss watchmaker Cimier. In 2007, QI Group acquired Down To Earth (DTE), a network of organic vegetarian health stores in Hawaii.
The company announced initial sponsorship for Team Meritus, Malaysia's motor racing team, and sponsored the Commonwealth Leadership Business Leadership Forum in 2007. From 2007 and 2012, QNet's direct sales increased by 70%.
From 2009 to 2012, QNet is the official sponsor of the Asian Football Confederation during the AFC Champions League. In 2010, the company started a partnership with Virgin Racing. QNet receives TRUSTe Privacy Certification by the end of 2012. In 2013, Qnet announced its intention to transfer its manufacturing operations to India and open an office in Russia. QI Tower company in Malaysia received the Green Mark Gold Award 2013 Building and Construction Authority (BCA). In 2014, Qnet started a three-year partnership with Manchester City football club to become an official direct selling partner of the club.
Business model
The company uses a multi-level marketing model in which a group of independent representatives refer their products to consumers and receive compensation based on their referral sales volume and the volume of sales of other independent representatives in their team set up in binary mode.
Questnet uses multi-level marketing to sell its products and services. Customers can choose to be an "independent representative" (IR) of the company paying $ 10 for starter kits and online offices. IR received a $ 250 commission after they introduced the product to six people, placed three people on their left and three on their right, described as two 'legs'. In a complex addition, when IR introduces a new customer, who then becomes IR himself and promotes the product, the original IR can benefit from the success of their recruiting. But these bonus points can only build one leg of the original IR, which then has to look for recruits for the other foot to receive commissions.
Many government entities have described the QNet business model as a simple pyramid scheme: early arrivals earning money, and as the number of Independent Representatives (IRs) increases, finding more IRs to join becomes difficult or impossible; The IRs that joined late did not get enough to cover their first expenses and the model collapsed. The Indian government has declared Goldquest and Questnet a Ponzi scheme company.
The compensation plan operates with customer recruitment by an existing IR. In accordance with the official spokesperson, although there is no registration fee, a purchase may be required. This may be in the form of eligible product sales for retail customers or by new representatives who make eligible purchases to validate the Tracking Center or slot on the Qnet computer system.
Products
The company markets a wide range of unbranded products including air purifiers, cosmetics, soaps and detergents and commemorative coins. To do this, and to deal with the allegations against him, the company often changed its name and brought up many companies like "Vihaan" under its umbrella. Initially the company sold gold warning coins under the name GoldQuest and QuestNet. Qnet expanded its products to include holiday travel and holidays in 2002. In 2006, Qnet has turned to the marketing and selling of "aspirational products", which claim to boost energy, health, and nutrition for buyers. According to Eswaran, this type of product covers 30% of Qnet's sales through its business model. The company has also introduced "life-enhancing products" such as portable water filtration systems and air purifiers, which Qnet claims can improve pollution problems in homes.
It also sells products based on beliefs such as Amezcua Bio Disc (also spelled BioDisc and BioDisk). According to Quest Net, there is no guarantee of advertising, discs create an energy field 'affect water' that 'helps reduce stress, improve sleep'. It is said to be a product of Germany, invented by 'Dr Ian Lyons' but the antecedents and publications of his research are unknown. Schott AG is the only industrial glass producer certifying the production of Biodisc but does not confirm the effect of Qnet advertising as 'creating a crash energy field'. The Amezcua Bio Disc has been evaluated by research facilities in Germany, India and Japan. This product has been highlighted by various scientists, media commentators and supervisors.
The company partnered with former professional tennis player Martina Hingis in September 2015 and announced it as a Brand Ambassador for QNet products and brand representatives in India.
Controversy
QNet has been at the center of various controversies over the past two decades. GoldQuest peddles gold coins with a 100 percent premium on what it should cost. The President of the Madras Coin Society warns that Goldquest coins are neither period coins nor from authorized bodies. Australian politician Cameron Thompson, Nepal's Ministry of Home Affairs, Sri Lanka's Central Bank, and the Government of Iran have described GoldQuest as a pyramid scheme. In 2002, the Australian Consumer and Business Affairs Office listed the company as one of 61 suspected pyramid schemes. The Fatwa Council in Dar al-Ifta al-Misriyyah stated that the binary form of transactions adopted by Qnet is prohibited under Sharia law.
2003 (India, Philippines, Cambodia and Nepal)
Nepal's Home Ministry banned the company from operating in Nepal in 2003, and Bahadur Manandhar, head of the foreign exchange department of Bank Rastra Nepal, said GoldQuest was "a hundred percent fraud." The Sri Lankan government banned GoldQuest in 2005, claiming that the company had caused 15 million dollars to leave the country. In 2005, the Iranian government also banned GoldQuest, after prosecutors found that the company's activities had "caused half of a billion dollars from Iran."
2007 (English)
In 2007, APLI, the Direct Selling Association of Indonesia, called the GoldQuest pyramid scheme, and Interpol arrested Vijay Eswaran and other company officials for fraud. QNet replied that the allegations were unfounded. After three weeks, the Indonesian court acquitted Vijay Eswaran and immediately canceled the indictment. QNet continues to operate in Indonesia.
2008 (Afghanistan)
In 2008, some 3,000 people marched in the presidential palace in Kabul to demonstrate against the government's temporary withdrawal of the QuestNet license to operate in Afghanistan. The business started in Afghanistan with about 600 IRs in 2006 and has grown to 21,000 when the government revoked the license to allow it to write operational laws.
2009 (Rwanda, Sudan)
The Rwanda Government Finance Ministry banned QuestNet in 2009 for breach of corporate and tax law after The National Bank of Rwanda described the company as a pyramid scheme. Questnet appealed and was granted on condition that it follows the laws of the country in the future.
Also in 2009, the Sudanese government banned QNet after allegations were made regarding poor product quality and unacceptable products. In the same year, the Syrian Economy Ministry closed QuestNet for violating its commercial registration, stating that the company has operated a pyramid scheme in Syria and attracted billions of Syrian pounds from the country, while also paying some taxes. Shutdown also applies to other agencies of the company.
2010 (Turkey)
In 2010, Questnet opened in Turkey with 150 distributors; 80 of whom were detained by police in an investigation demanding 42 with unfair advantage. In 2011, the Turkish Trade Ministry investigated QNet after complaints that it was a change of name from Questnet. The Minister of Industry stated that Questnet had changed the company's name to Qnet and warned citizens against such structures. Quest Net is described as a non-moral pyramid scheme in which 96 percent of members suffer losses and only 4 percent make a profit. About 20 million dollars were collected from the public. 75 people were taken into custody working in the Qnet office opened by Hong Kong-based Quest Company. The Directorate Team Against Financial Crimes acts to improve fraud reports. The arrested people reach unemployed young people and promise that they will not talk to anyone but members of the network. Those who accept to be members pay $ 570- $ 1750 depending on their financial situation. There is an additional charge for each new member obtained from the network starting from 250 USD. Moreover, it is said that redeemed members will get a share of new members and sales to be made. They are required to sell Chinese goods such as watches, necklaces etc. brought from Hong Kong for fees paid for new members. In 2011, QI Group resumed operations in Turkey with the acquisition of DÃÆ'¶gan Hotel in Antalya. Eleven people were arrested and taken into custody for interrogation by the Directorate General of Security (Turkey) in Istanbul who is a member of Qnet's 'chain of happiness'. The Mardin Security Directorate arrested 12 people including a leader from Iran who worked for a criminal network known as the Titan Happiness chain that promises to make people rich with the systems they build through the internet. About 110 thousand pounds of cash were reportedly confiscated. They resumed their activities by changing their name from Questnet to the name Qnet after being suspended by the Ministry of Industry. Police found that the suspects lied to people as if they were rich in a short time, in a structured pyramid scheme of 53 people who worked for Questnet detained in Ankara, ÃÆ'â € â„¢ orum, Antalya and Istanbul, during operations conducted by Ankara Anti -Smuggling and Organized Crime Branch. Investigations began against Vijay Eswaran Malaysia who founded the company in 1998.30 thousand members of the Ponzi Scheme were deceived and fraud by 50 million dollars was realized when the foot network in Turkey collapsed. A report prepared by experts appointed by the Ministry of Industry and Trade reports that the chain of happiness is created by fraudulent formations. Each member is promised to earn lots of money as long as they find new members. Members are confident that if they get members in the system in the number of rings specified below them, they will start receiving money every month. The bottom of the ring, in general, can not find new members, the money deposited is burned. It was reported that National wealth was actually taken by collecting and transferring it to the center in Hong Kong and the Far East countries. Members have to pay between $ 600 to $ 900 for inclusion in the system. The gang members involved in the Ponzi Scheme provide a $ 5 product like a 'healing stone' and watch the thousands of pounds received from members, and try to show that they are selling legally. Many empty membership forms, invitations, invoices, bank account books were confiscated during the raids. Gang members should be referred to the court. The system is banned by official authorities in the United States, Singapore, Albania, Iran, Sri Lanka, Malaysia, Indonesia and Afghanistan.
2010 -2012 (Egypt, Saudi Arabia, Indonesia, India, and Iran)
The governments of Egypt, Saudi Arabia, Indonesia, and India have accused QNet of operating a product-based pyramid scheme. Dar al-Ifta published QNet a Fatw? in 2012 which says its business in Egypt is haram (prohibited under Islamic law) and can endanger the country's economy. In 2010 the Saudi Arabian Ministry of Commerce and Industry banned Qnet, accused the company of theft, forgery, and failure to register, and warned residents to avoid involvement in fraudulent schemes, citing QNet specifically.
Qnet founder in Papua New Guinea, the son of a former politician, denied the claim that it was a product-based pyramid scheme. He says that he has no ulterior motive rather than helping people set up their own companies and make money.
In 2010, Iran's Ministry of Intelligence announced the arrest of 30 members of Goldquest on charges of deceiving people over 5 trillion. Goldquest, believed to be involved in one of the largest economic corruption cases in Iran's history, was banned in the country in 2005. Thirteen members of the Qnet pyramid company in Tehran were arrested, and cases for further investigation were granted to the judicial authorities. GoldQuest denies Iran's findings, claiming that their Iranian operations are not a pyramid scheme, but network marketing.
Sri Lanka
Sri Lanka closed the Goldquest and QI replication schemes, with a new anti-pyramid law. Although the Goldquest pyramid scheme appears to have collapsed in Lanka, the Central Bank says that the new pyramid 'network marketing firm' under the name Global Lifestyle Lanka Ltd, operates across the country and misleads public authorities. The Financial Crimes Investigation Division is investigating the company after the President alleges that he is implementing a pyramid-like scheme prohibited by the Central Bank. Police have received complaints, some of which were heard in court. Managing Director Selvarajan Wijayaratnam, brother of wife Vijay Eswaran, several members of the council have been called to record a statement. A former official at the defense ministry is being questioned for allegedly receiving money to prevent the arrest of a puppeteer. Police have received information about this. fraud occurred under the main pyramid scheme under Vijay Eswaran. In Jaffna, thousands protested against the refund of the Global Lifestyle Lanka pyramid company previously banned by the Government. A judicial court in Jaffna issued a temporary order to Global Lifestyle Lanka Ltd. to bring a pyramid type business in the region. The judge also ordered to publicize a public awareness campaign in a local newspaper and instructed Gram Sevakas to conduct an awareness meeting on a dubious investment scheme.
2013 (Egypt, Indonesia, India, Kazakhstan)
In May 2013, Salma Sabahi, daughter of Egyptian politician and candidate Hamdeen Sabahi surrendered to authorities after being accused of fraud over her involvement with Global Ad Mart's network marketing fraud. For the past two years he has doubled the size of his pyramid. networks, selling excessive counterfeit watches and energy bracelets on behalf of the Hong Kong-based Qnet company operating in Egypt despite being banned in eight countries.
In August 2013, the Economic Violation Wing (EOW) of the Central Bureau of Investigation of India made its first arrest in a case that began in India in 2008. Company members were arrested for fraud and returned to police custody till August 22 MAY send the team to Bangalore and Chennai for investigating the fraud associated with Vijay Eswaran, who is considered the main defendant in the QNet case. Six of Qnet bank accounts were frozen as part of the case. A money laundering case was registered against QNet, a Vihaan Direct Selling franchise, and several others by the Directorate of Enforcement.
About 200 members of multi-level marketing company PT Qnet Indonesia reported the alleged fraud by the company to Banyuwangi Police. The loss calculated from the registration fee of Qnet members is between Rp 7 million - Rp 10 million per person. Each member is required to ask six people to join the business.
Head of the Department of Economic and Financial Crimes of the Agency for Combating Economic Crime and Corruption in Kazakhstan said that the law against the financial pyramid will ban the activities of Qnet in the country. He declared that it was a scheme of a covert pyramid scheme, because his earnings were obtained not through investment of goods, but by attracting investors and new money.
Qnet officially announced the liquidation of its offices in Tajikistan on March 18, 2015, resumed its activities through a local company amid accusations from residents who cheated them and created a pyramid network scheme.
2014-15 (India, Mali, Russia)
Three independent representatives of Qnet were arrested by police in January 2015 and produced before the court. In March 2015, My Economic Violations arrested two senior Qnet Independent Representatives after a circular observer was issued. Four people associated with Qnet's multi-level marketing company are held by the Economic Offenses Wing in Vijayawada. Fifteen lakhs stored in various bank accounts were confiscated from them as informed by the District Police Commissioner. In July 2015 the Mumbai Police Economy Violence Wing initiated an investigation into alleged agreement between Wizcraft International Entertainment Pvt. Ltd. who organized the International India Film Academy Awards or the IIFA Awards 2015 and Qnet.
In Mali it is reported that many people are in debt to join the Qnet network after they are made believe that their lives will change and they will become rich, but that never happens. That's because after making a purchase, unfortunate customers fail to get others to join their network.
In the Russian market, Quest International (Qnet) has an annual turnover of 1.65 billion pounds. Making money at Qnet works by buying 60,000 rubles worth of company products, called joining a business and then bringing two more people to a company that has to buy the same amount of goods. The people then introduce two more people. This pyramid can grow to infinity. For every two people introduced, the person who introduced them receives $ 250 (160 Pounds). Only 14% of those in the pyramid can get their 60,000 rubles back and that is the last person to join, level with most members, who receive the least benefit.
2016 (India, Azerbaijan, Moldova, Burkina Faso)
In June 2016, the Delhi Economic Offenses Wing (EOW) also filed a First Information Report in 2016 against QNet, Vihaan Direct Selling, and three independent representatives of the company for alleged fraud and fraud running MLM schemes. In September 2016, four people linked to QNet who promised 200 people to hire them were arrested by police in Hyderabad on charges of cheating them on rupees. Police said they were looking for QNet Managing Director and Director. Mumbai Police Mumbai Police Violations investigating the Qnet case recovered 144 crore by freezing several bank accounts where the money was transferred. The criminal is Vijay Eswaran, a Malaysian citizen and sought by The Economic Offenses Wing of Mumbai Police, after a three-year investigation, filed 55,000 pages on the waiting list against directors, shareholders of Vihaan Direct Selling Private Limited which is QNet's main franchise in India. The Securities and Exchange Board of India in a message of public interest to investors advised victims and investors to file their complaints and complaints with the state and local police. The Direct Sales Association Federation rejected the application of Vihaan Direct Selling Pvt. Ltd., the franchisee of Qnet company in India. In his letter, it is said that Vihaan is in the recruiting business rather than retail, enabling independent representatives to open as many as 21 business centers under one ID. It further says that the company's revenue share from sales of ID activation and retail sales clearly shows that the new recruitment is one only business in focus, not retail. Rejection letters also state the practice of IR as a veiled money circulation.
In April 2014, the Baku City Center Police Department's Investigative Department Azerbaijan opened a criminal case of giving money from citizens fraudulently, by the Questnet Company after receiving a complaint. In 2012 and 2013, Questnet employees have taken money totaling more than 27 thousand Azerbaijan manat from 16 residents. The Chairman of the Free Consumer Union speaks to the media about the Azerbaijan Qnet complaint, citing it as a financial pyramid, which attracts customers or potential victims by offering them the opportunity to start their own business with an initial capital of at least five thousand or more dollars and promising a big future income. In December 2016, two Questnet employees were accused of fraud by the Grave Criminal Court, and sentenced to eight years in prison. They were arrested in the courtroom. Employees cheated about 15 residents over $ 65,000.
In Moldova, the wife of a police officer was found to be the nation's largest fraud organizer. The QNet case, which was closed by prosecution for lack of evidence again, began with a new investigation after receiving numerous complaints from deceived people. Hundreds of Moldovans, who wanted to become rich overnight, became bankrupt after being attracted by friends and relatives into the QNet financial pyramid, claiming to be a direct selling company. They are promised thousands of Euro per week but must first buy at least $ 2,000 goods from the company. Newcomers must convince two more people to buy $ 2000 from Qnet to earn a commission of $ 250. The commission will increase depending on the number of people interested.
High Commissioner Boulkiemde, a province in Burkina Faso, Africa calls Qnet a network of criminals, who use fraudulent practices to convince young people to join their association. He was in a speech to all municipal mayors of his province, rejecting the negative effects associated with Qnet's independent representative practice. The Independent Representative at DÃÆ' Â © dougou is prosecuted by the court for fraud with a sum of 3.90.000 CFA West African francs equivalent to membership fees. The National Gendarmerie (Burkina Faso) has received hundreds of complaints from Qnet victims. The victim must pay 4,50,000 CFAs as a member fee to the company that has promised the moon. Project officials were arrested and detained in the Ziniare Prison and Prison Center.
The Ministry of Commerce and Industry, has warned Saudi citizens, about banned network marketing in their country, after receiving complaints about companies such as Tvi, Qnet who rely on network marketing. An official spokesman from the Ministry in response to questions about Qnet's legitimacy said it was a misleading activity and advised citizens not to participate with the company.
Many Syrian youths in Turkey have been the victims of fraud by pyramid marketing companies under the guise of e-marketing and prominent among them is Qnet or Questnet. Young people in Damascus, approached through friends, who are already associated with the company, to register and pay a certain amount. No information such as details of company name or type of work being shared. A secret meeting with others is corrected that convinces new people that a large amount of earnings are guaranteed in a short time and give it a special product. New people are taught how to bring people and persuade them. People who bring people receive a certain amount of about $ 200. Meetings are held in public places and through this meeting more people are brought in.
2017 (Georgia, Indonesia, Nepal, Algeria, India, Iran, Guinea)
Many people living in Georgia who have taken credit from commercial banks to buy products ranging from 500-3000 US dollars are involved in Qnet Network Marketing company and believe they have been betrayed because they believe the company is built on the principle of a financial pyramid.
The OJK Financial Services Authority (Indonesia) in January 2017 released a list of fake companies where the company Qnet International Ltd is listed. Pekanbaru police arrested four people, who were members of Qnet MLM, for the murder of a Go car driver. Police continue to explore if there is an investment business relationship with the murder. The police chief said that the killers only joined Qnet and not employees. Qnet in a statement said that the company is not related to the actions of partners who are called Independent Representatives.
Nepal's Central Bureau of Investigation in June 2017, arrested 102 members of the Qnet Network Marketing company and filed a case for fraud. The QI Group was banned in Nepal by the Ministry of Interior in 2003. The group aims to build a business within a pyramidal structure in which members are required to register more members under the scheme and be paid a commission for the assignment. Some of them have registered some members of their own families paying as much as Rs 1 million.
In Jijel province, Algeria, Gendarmerie Nationale dismantles a network of young people working for Qnet Network Marketing company that lure victims of profits, overseas trips, especially Malaysia in return for huge sums of money. 15 women allegedly belonging to Qnet were arrested by the Annaba State Police Department of Justice in Algeria. Network members mislead the victim and avoid answering questions about the details of the company's activities. Mostaganem Security Service captures three people who are members of the Qnet company network for fraud via e-marketing.
In July 2017, at least 19 teenage victims from Qnet's multi-level marketing company were evacuated from a shelter led by the District Chief and police officer at Simo Boyolali Indonesia and sent back to their parents. They claim to have joined Qnet because they are tempted by promised sweet promises. The teenagers were recruited as members of Qnet. Police explain to teenagers that they have been brainwashed because their work is only to invite people to buy expensive products such as Chakra worth Rp 8 million that its efficacy and its use is doubtful and unreasonable. Similar cases of alleged fraud with the lure of work also occur in Sambi District. They are required to purchase products worth Rp8.5 million, including registration fee. After that they are asked to look for other target customers to get the honorarium as promised. Police stormed a rented house located in Gentan, Tray Indonesia district, revealing 20 men 4 women suspected of being victims of Qnet fraud. Two of their leaders were questioned by police who were found to offer fake jobs to each member. Jambi City Police with Jambi City Social Service secured 48 QNet members from a rented plot to harass residents. Dozens of youths were deceived by multi level marketing of MLM Qnet in Kartosuro Sukoharjo regency. They have paid USD 8.5 million to become members of Qnet and asked to search for new members.
Protection of Maharashtra Interest from Depositors Court says that MLM activities are invalid. In February 2017, the Delhi High Court rejected a petition for canceling the First Information Report describing Qnet as a multi-victim fraud and a recognizable offense against the fraud committed by victims against the company and its independent representatives. In March 2017, the Economy Violence Wing arrested 47 defendants in the Qnet fraud case and several bank accounts were frozen. In April 2017 the Temporary Enforcement Directorate attached a property worth more than 150 crore under the Prevention of Money Laundering Prevention, GoldQuest International Pvt. Ltd., Chennai in the business case of money circulation and cheating the public. In May 2017, the Mumbai Economic Violence Wing announced that a separate refund unit would be set up to return investors from the Ponzi Scheme after the court passed the order. Ernakulam police in Kerala arrested five people who joined the Qnet Marine Training Solutions on charges of deceiving people by running a banned binary pyramid scheme. The 10 defendants, including Padma and his son Chetan, fled and investigations have begun with the help of Cyber ​​Cells. Ten members of MLM company owned by Tim Ocean were arrested for allegedly attacking three people who had approached the company requesting a refund of their investment. Meerut police in India arrested two independent representatives of Qnet for having an affair. After the arrest, the head of the gang, who is also a doctor with a profession fled. The city of Kochi police arrested two people in connection with Qnet's money chain fraud case. During follow-up police also confiscated the luxury car used by the defendant. Another victim filed a fraud complaint at a police station in Hyderabad. Some cases have been registered in Madhapur and other police stations in the city. Complaints have been filed by Moneylife magazine founded by Sucheta Dalal with Mumbai's police cybercrime division against Qnet's digital team for using a dubious strategy to remove their articles.
Alborz Police in the Iranian city of Fardis arrested eight members of the Qnet company pyramid for forgery and fraud.
France 24 in their investigation reminds people of Questnet a type of pyramid scam that is disguised as a revolutionary sales system. The company sells very expensive products such as Bio Disc and Chi Pendant which is touted as a miracle cure. People should get rich by earning a commission if they recruit two people to sell the product. This system allows the first vendor to earn money by leveraging the credibility of their family. But once the number of sellers becomes too large and there are not enough buyers to recruit to get their return on investment, the pyramid collapses. Fraud is involved in the destruction of family fabrics because of friends and family sellers trying to recruit resellers and often put their families in debt. Questnet transferred his profits quickly abroad before the number of sellers became too large and the scandal broke.
More than 100 young Togolese were taken hostage by a mafia network under the banner of Qnet in CÃÆ'Â'te d'Ivoire.
Four QNET representatives were arrested for allegedly camping 580 youths in the recruitment business in Kumasi Ghana. The recruits were asked to pay 3,100 Ghanaian Cedi. Regional Minister Ashanti interrogates the men. Police have moved the group to further investigation and treat them as a security threat.
Three pyramid schemes including Global Lifestyle Lanka Ltd are under investigation by the Central Bank and Criminal Investigation Department. The Chavakachcheri Magistrate Court in Jaffna district ordered the company to stop its activities.
2018 (Mali, Indonesia, India, Saudi Arabia, Guinea, Turkey, Cote d'Ivoire, Georgia)
After a violent protest against the population, 10 QNET agents were arrested for fraud. Amadou Thiam Member of Mali Parliament is believed to be the main instigator of QNET's large-scale fraud network that spread first out of Bamako. Although many victims among the poor there was no reaction from the government about fraud in which members were persuaded to pay a deposit fee of 400 to 6000,000 CFA in the form of registration, non-refundable and then requested to seek at any cost, 4 others accepted to pay same amount before claiming compensation. Mali's spiritual adviser, ChÃÆ'Â © rif Ousmane Madani HaÃÆ'¯dara admitted using Qnet products about ten years ago but clearly stated that none of their products, magnetic pots purchased in France by an acquaintance for medical care purposes, had the slightest effect to him. He denies any involvement or any form of support for Qnet's activities.
The alleged Qnet multi-level marketing fraud in Boyolali has not receded yet. After going on in Simo, Banyudono, Mojosongo, Andong, and Ngemplak, it happened in the Terrace District. They claimed to have spent money on appointments. However, after spending their money abandoned. Teenagers are enamored with job offers by Qnet through brochures and online media. They are used to brainwash them through seminars. These victims felt that they were not deceived and also bound by agreement. Three victims were reported to Lamongan police for a loss of Rp 76 million to an investment company called Pt Amoeba International with the Qnet logo. He added that he was promised an additional salary of Rp 3 million per person if he could invite 9 people to participate in an investment company. The police confirmed a false report under the investment business and the process is under investigation.
In February 2018, in Chennai, the Settlement Commission led by Judge S. Jagadeesan appealed to the victims to file a petition for any claim from Questnet, a multi-level marketing company whose property worth 192 crore has been attached. Economic Violations Nagpur police wing captured five people representing the Qnet company for cheating a number of investors who promised to give them five crore in five years. Defendants are produced before a court that returns them to police custody. The Wings Economic Violation Team in the Qnet fraud case of 1.5 crore has raided offices in Mumbai and three towns in Vidharba. But the two puppeteers are still at large. 12 cases have been registered against Qnet in Maharashtra. Maharashtra Chief Minister informed that 6 cases against the Q-Net company were filed in the state and bills against 30 defendants were brought to the Special MPID Court. Victims in Mumbai who lost money to Qnet Scam formed an association registered with a charity commission to recover their money. Additional Police Commissioners say that over a hundred complaints have been filed by victims in Karnataka against Qnet and Vihaan Direct Selling Pvt. Ltd. on fraud charges. Some of the victims allegedly came together and staged a protest at Freedom Park. The senior police officer confirmed that the cases would be transferred to the CID. Nine people were arrested by city police in connection with financial fraud by Qnet. Bharatiya Janata Party accused the Chief Minister of Karnataka of receiving expensive Hublot assistance to facilitate the QI Group of companies, especially QNET, led by industrialist violator Vijay Eswaran who allegedly deceived some investors in a multi-level marketing scheme.
Four QNET leaders were charged for fraud, forgery and fraud by 32 customers at a trial in Labe Guinea. In another incident, seven suspected fraudsters of Qnet were arrested and brought before the prosecutor to be tried in a Dixinn court. After being released by the court, Qnet victims were asked to report and register with the special services department in the fight against drugs and organized crime.
Ministry of Commerce and Investment, Saudi Arabia has warned the public against pyramid marketing firms such as Qnet which sells goods at high prices with the illusion of profit from the sales commission. 12 Qnet company members were arrested during a raid at a coffee shop coordinating with the Ministry of Trade and Commerce and Criminal Investigation on charges of harming the interests of Saudis.
The Ivory Coast Ministry of Economy and Finance has initiated an investigation into network marketing companies such as Qnet after skeptics about their operations based on pyramid models. Five members of the network marketing company QNET were arrested in San-PÃÆ' Â dro, Côte d'Ivoire by anti-crime police. They are accused of extorting money, lying about the nature of activities and the identity of their structures.
Turkish Customs and Trade Department after the audit has registered Qnet Promotion Marketing and Tourism Ltd as one of 19 companies that use pyramid sales system after the complaint was made.
According to information published by the International Consortium of Investigative Journalists, Qnet's office in Georgia is managed by members of Eka Beselia's family of MPs. The office itself is owned by Eka Beselia. As stated, Qnet is involved in network marketing based on pyramid principle. Economists say that companies with pyramid models use fraud schemes to make a profit. Thousands of people have joined the QNET network in Georgia and lost their money invested in the company.
src: i.ytimg.com
See also
- QNet Open - A women-sponsored tennis tournament
src: www.qbuzz.qnet.net
References
Source of the article : Wikipedia
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