Ponzi scheme of QNET (QI Group) - History of Network Marketing

 

Ponzi schemes are fraudulent investment schemes that generate rewards for earlier investors by taking money from later participants. Such scams have nothing to do with direct selling or multi-level marketing (MLM), a common method of expanding a direct selling distributor network. Just like QNet scam. This company has various knowing name i.e., QI Group, Vihaan Direct Selling.

Charles Ponzi created a worldwide mail return coupon programmed in the 1920s. You could send a letter to a foreign country without purchasing a postage stamp if you possessed an international postal reply coupon.

QNET (QI Group) - Long History of Allegations and the Truth Behind Them

As a result of an escalating civil dispute, Vijay Eswaran and his associates were arrested. Due to a disagreement between its original creators, the case was opened in the Philippines. The situation deteriorated through unscrupulous ways, and the Philippines government issued an Interpol arrest warrant for Eswaran and his present partner. Vijay and his crew were hosting a huge convention in Indonesia at the time. They were all apprehended by Interpol there. They were imprisoned for three months before being acquitted by an Indonesian court. The court stated that the Interpol alert was without merit. Shortly after, the Philippines' Department of Justice cleared them of all wrongdoing.

QI Group entered in India, 2017s

Michael Ferreira and Malcolm Desai, the Indian shareholders of Vihaan (QNET franchisee), were jailed following claims that QNET used a money-laundering scheme. The Supreme Court, on the other hand, found that the company's concept was not a money circulation scheme and hence did not fall under the ambit of the Prize Chits and Money Circulation (Banning) Act 1978. They recognized QNET and its franchisee, Vihaan, as legal direct selling platforms.

After losing millions of rupees on QNET purchases, a young IT worker committed suicide in 2019. However, their own source material refutes this charge. "This information is clearly false and without foundation. According to corporate documents, Aravind has been a distributor of QNET's products since 2014. He had not only purchased a variety of products from QNET during the previous five years, but he had also routinely earned commissions on product sales."

How QNET trap middle class individual and trap in this scam. Subscribe this YouTube Channel

Here is other social media handles. 

Instagram Click here..

Twitter Click here..

Facebook Click here..

 

Comments

Post a Comment

Popular posts from this blog

Cops are looking into Boman's son's involvement in the QNet scam.

Image
  Danesh Irani, Boman Irani's son, was recently accused of involvement in the infamous QNet fraud, which amounted to around Rs. 425 crore, following a complaint made against him by Gurpreet Singh Anand, a resident of suburban Mumbai. Anand had filed a complaint alleging that Danesh was actively participating in the spread of the fraud and had requested that the authorities look into the situation. To shed some light on the current situation, joint commissioner of police (crime) Himanshu Roy informed that Danesh's account is being investigated because it holds a staggering amount of Rs 18 and that they will bring him in to record a statement. However, he also stated that they were not only looking into his account, but the money trail in general, which connects numerous others. However, while defending his son, Boman reacted aggressively to the claims, claiming that his son was an agent in 2007-2008, just like any other collegian, but is now live in the United States for further...
Read more

"It is the process where an Individual become fool and train to make individuals fool - QNET Scam" Bombay HC Said.

Image
 The Bombay High Court noted that "the deceit and fraud is camouflaged under the banner of e-marketing and business" while rejecting the anticipatory bail requests of five suspects in the multi-crore QNET scam. According to the Court, this plan is undeniably a multi-level marketing (MLM) activity, and a pyramid structure of such a scheme is established so that members are guaranteed money on the purchase and sale of products. The company's motto, ‘sell more, earn more,' looks to be quite appealing and benign. This motto, although, is completely covered. The company's core premise is that people can be duped. As a result, the true motto is ‘sell more, earn more' through duping consumers. In reality, it is a chain reaction in which a person is duped and then coached to dupe others in order to make money. Workshops are held for this reason, when study and business content are mixed with a jumble of words, promises, and dreams. Thus, deception and fraud are hi...
Read more

QNET India: Congress leaders indulged in scam in QNET Business

Image
  Former Karnataka Chief Minister and senior Congress leader Siddaramaiah has had his fair share of controversies of QNET Scam . In the days leading up to the Karnataka Assembly elections, Sambit Patra of the Bharatiya Janata Party claimed that Siddaramaiah had gotten an expensive Hublot watch worth Rs. 70 lakhs from Vijay Eswaran of QNet . In the days leading up to the Karnataka Assembly elections, Sambit Patra of the Bharatiya Janata Party claimed that Siddaramaiah had gotten an expensive Hublot watch worth Rs. 70 lakhs from Vijay Eswaran of QNet Business . In India, the Bombay High Court made some harsh remarks about the case. While rejecting the anticipatory release of five suspects in the QNet Scam , Justice Mridula Bhatkar stated, "The motto of the company 'sell more, earn more' appears very seductive and innocuous. This motto, however, is completely concealed. The company's core premise is that people can be duped. As a result, the true motto is'sell more, e...
Read more