I just googled about this company, after a bit of changed keywords i found the marketing strategy of this company is really worse and
We can call this marketing strategy as MLM(Multi-Level-Marketing) or Pyramid Scheme.
These are all my findings over the net:
GoldQuest/ QuestNet operate under the name "QuestNet LTD" co. ref no. "993949-P".
Gold quest is proved to be using alleged money circulation market in India,
From The Hindu article ,(published on 2003)
But these guys have changed their name to QuestNet, ltd., and doing the same business... I hope this business will be shut down soon before it gets all the people inside this alleged market.CHENNAI AUG. 21. With the arrest of Goldquest officials in Chennai, where the company's India headquarters is located, police claimed to have exposed yet another alleged money circulation racket. Over 50 members have filed complaints stating that the company owed around Rs 12 lakhs to them.
Another article says Gold Quest banned in Sri-Lanka,
GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday.
From the another article Albania under the Shadow of the Pyramids,
Albania's fate seems tied to pyramids. Ismail Kadare, the famous Albanian contemporary writer and several-time nominee for the Nobel Prize, wrote a book called Piramida (The Pyramid). The story unfolds in ancient Egypt, where the pharaohs, much like their communist dictator-successors, use a totalitarian mechanism of myth creation. In Albania, after the death of the communist despot, Enver Hoxha, a pyramid-shaped building was built and dedicated to his memory. The people called it "the pyramid." But Albanians also learned about pyramids of the Ponzi-scheme variety (see box), as depositing money with the hope of reaping record interest rates became a national sport.If you read the article we can understand one country's fate can be changed to worse than previous through Pyramid schemes like QuestNet...
Currently Questnet targets well known IT employees as targets, Before think of the money please think 1000 times before invest in any of the MLM schemes. If at all the say it is not MLM but in reality it is... There is no exception for that...
BTW, while convincing people from questnet may say that Finance Minister's wife is Legal advisor for this shitty business as i can say.. These people also claim that Questnet is not like Amway..or something Like that...
You can see an article about Amway,
The largest MLM company, Amway/Quixtar, and hundreds of others, such as Nuskin, Herbalife, Melaleuca and Nikken, operate it in such a way that 99.9% of all people who invest will never earn a net profit.If you want to know more about QuestNet
I'm sure instead of making good friends Questnet guys gonna lose their friends too... I'm writing this because it is clearly understood that this company is full of
Conclusion: QuestNet is another MLM
Tags:
122 comments:
Good to know how you make your conclusions!!!
Thanks.. dude.. Still i have other proof with me.. will post it when needed..
Nothing to hurt you or your opinions, but you started the arguement in the right way. You landed up your decision in a wrong way..
By the way, have you visited the Sales tax office or Registrar of Companies or Income tax department to check on the credibility of the company.
Did you get a chance to meet anyone who has been successful in this business. Did you get a chance to get to someone who said that he never got his money or commision at all.
The case you said had been closed properly. Please visit this link, to clarify your claims...
http://www.hindu.com/2005/08/15/stories/2005081516580800.htm
Please clear yourself and give ur colleague an encouragement instead......
Dude.. Thanks for your response but as you know so many cases which is filed after the years.. witnesses.. settled by money... that too this much big companies I'm sure they must have settled so much of amount to witnesses to withdraw the cases..
If we take your claim is right.. then why was it banned in Sri-Lanka, Albania.. Before that read my next blog entry..http://jayaraj-m.blogspot.com/2006/11/whether-questnetgold-quest-is-legal.html
Why someone want to earn money from nothing...?
ah... this is the link...http://jayaraj-m.blogspot.com/2006/11/proof-for-questnet-and-gold-quest.html
Hello Jayaraj,
How do u call the referral scheme in IT firms? Do u mean to say they too cheat. Just by referring an experienced person for your company, they should not give the referral benefit? Is this at least legal according to you?
Shreedevi
http://www.the-week.com/
go to this link and check out "A million dreams". It tells how good Direct selling is. Some more info on Goldquest is, It is not a money rotation or chit company which is banned in India under Price Chits and Money Circulation Ban Act, 1978. All Direct selling companies dont come under this act.
Just from blogs written by people who dont know about the company , please dont conclude things wrongly. There are thousands of people who are making money from Direct selling. You are not sitting idle by investing in this company. You have to use your marketing skills to earn ur money.We are making money from this business. And that is the truth. We have got our coins also. We dont feel cheated. We are into this business and i am telling you that , i dint lose any money. I am making my profit in this. When you are not even in this business ,how can u say that all are losing money?
Shreedevi.
See.... the point here is that you all decided not to join. Some of our QuestNet friends like Shreedevi.. are answering. Even if give tons and tons of information, you will definitely NOT JOIN.
This company is legal very much. There is no doubt. Here are few evidences
Singapore is the toughest Anti-MLM-Pyramid-law country in the world. In Singapore this company successfully ruining and
The company registration authority is called Accounting & Corporate Regulatory Authority
https://www.psi.gov.sg/NASApp/tmf/TMFServlet?app=RCB-BIZFILE-BIZCODIR
Click this link for Questnet and you will find the status as live. Click this link with GoldQuest the status will be Live.
==================================================================
S/No. Reg. No. Business / Company / LLP Name Status on Register
1 F 05802Z QUESTNET LTD (BRANCH OFFICE SINGAPORE)
f.k.a GOLDQUEST INTERNATIONAL LTD Live
f.k.a means "formerly known as"
Accounting and Corporate Regulatory Authority of Singapore All Rights Reserved.
If we search for GoldQuest then the result will be
==================================================================
S/No. Reg. No. Business / Company / LLP Name Status on Register
1 F 05802Z GOLDQUEST INTERNATIONAL LTD
n.k.a QUESTNET LTD (BRANCH OFFICE SINGAPORE) Live
Notes:
1. n.k.a means "now known as"
2. f.k.a means "formerly known as"
==================================================================
Tell me one good reason why it is not banned there? I can tell n number of reasons what is going in Iran,Sirlanka etc...
GoldQuest/QuestNet will successfully will come out of the legal battle in all the countries very soon.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Friends, the FOURTH WAVE ECONOMY is more powerful than what we think. Pls always get the authenticated messages FROM GOVERNMENT SOURCES that I send like the above codes. I have more info. With my hard work i have gathered all the complete details[ allover the world ] and enjoying the benefits from QuestNet/GoldQuest/Qi-ltd.
Go to some private consulting company and pay some money and get a clean report. I paid ,got a full report, convinced and then I joined.
That is why many are making good profits in this business. This will be my last reply.sorry.
My Sincere request, never believe in opinions, mails and website. Get the government info and details and join QuestNet/GoldQuest - The revolution in 21st century.
To those who are not going to join : pls continue your discussions we love to read your –ve / +ve views.
To those who are already in QuestNet: pls continue your signups and enjoy your financial freedom.
Thanks for reading my value additions. cheers.....
Questnet is 100% legal brand.
Questnet is 100% legal brand.
Questnet is 100% legal brand.
Questnet is 100% legal brand.
Questnet is 100% legal brand.
Questnet is 100% legal brand.
Most welcome friends.. Thanks for all your comments.. in my next blog entry i'll explain you why am i saying it is scam again and again...
BTW.. i know there are people who already in Questnet..can not accept the truth.. since they already invested in scam.. they will try to convince people in so many ways.. this is another way..
Stay tuned for my next blog entry.. will explain more...
"what fools will do at the last, the wise will do it at first."
Join QuestNet first and start to make contacts...
Because of your blog i got a signup.
you are marketting for us with your blog.
Thanks to Peter Jayaraj.
Dear Jeyaraj,
Pls let me know the reasons for it is beeing illegal.Today i found a link like this.I am confussed.Not able to come to a conclusion.
one more link today
http://numesmatic-gold-coin-biz-opportunity.blogspot.com/2006/11/earn-3000-per-day-through-power-of.html
many cal me for meeting.But i am some how not not convinced/ partially convinced...
help me sir....
Dude... Itz another way of cheating people..(using god's idol, or some other popular personality's idol..etc.,).. I'm trying to make the people understand it is foolishness..
MLMs not only affecting you .. it affects whole country.. that is the reason why i am making article on this... i'll give full details in my next blog entry...
Mr. Jayaraj
If God, as per theories did not make a big MLM called Mankind, you would not have been born in this world. Adam and Eve would have been the only two living human beings... till now.
Everything in this world (including, plants, animals and human beings) would survive the generations, only by MLM or human chain or referral business.....
In that case, can i call your birth as a scam... ? Dont try to act smart by trying to burn your fingers with a very large MLM called Mankind......
The law of nature is for all living being to reproduce their own species and die.... similarly this business is to refer more people and enjoy the benefits till you are alive....
Also, we are just using the name / impression of the God Almighty or famous personalities for value-adding to the coins... I dont see anything bad out there...
Forget your believes and just try to think smart... Join and enjoy the benefit till you are alive.....
-A Good follower of QuestNet....from Alwarpet, Chennai, India
Hi , Please check out the-week site. Why no response on all teh positive info on web? how can direct selling marketing ruin the whole world Jeyaraj? According to foriegn trade policy any profit made in India, a percentage has to be invested in India. So the money is again put back in our country only. Where do u find the depletion. U get consumer goods for more than 10 times its manufatcuring cost and happily give it to distributors and retailers. Why dont u question for retail marketing? You dont question the distributors who make in crores! But when the customers make money directly why do u want to discourage them? I am in this business for just 1 month. I have already made my money. This itself is a proof that i am not in loss.....what else do u need? I am not making illegally. Even tax is deducted when i get the cheques. You can file ur form16 too. Then in what way is it illegal. There are so many direct selling companis in India like tupperware,amway,etc. They are a success and government hasnt banned them! Other than the blogs which dont have any proof and are 3 years old, there is no proof on wat u say. What is it you are trying to convey here? Tat we are making money illegally or the Indian government does not support this or wat is it ?
Shreedevi.
Hi shreedevi..as i said earlier.. wait for my next blog entry.. i think so many questions asked by your supporters..LOL
My next blog entry will give the answers for all of your questions.. BTW.. I have to do some office work also.. i'm not in bench..LOL
I'll answer for all of your queries to-night.. Post all your questions.. here.. I will give the answers with proof...
I think Peter Jayaraj is already in Questnet.By sending -ve messages like this he is trying to collect good evidences from us...thats what i guess..stop posting....
hey..whats wrong guys...
Good business...
Good company....
Good model...
Good peoples...
Good legal entry...
Good signups...
i am making good money..weekly Rs.1,00,000 [ 2500 US$ ].... i am so boored with this tiopic...
you guys have to understand one thing...you can not sell brown sugar/heroin/ganja legally in any country by regsitering a company.
you can sell only legal products...
so mny times i replied to many blogs..but result is the same....stop bloging liks this...rather focus on business and volume of signups...
improve global economy...
ssssssssssssssssshhhh..........!!!!!!
can anyone tell what is illegal in Questnet?
pls give the law section as per singapore law.
hope , no one will have answer......
I am with jeyaraj. it's a money sucking game....pls do not join
~James
http://www.microsoft.com/hk/SIA/search2.aspx?CaseID=218
Do not forget to caste your vote in my MLM/Pyramid poll no.1(look at my blog's sidebar...)
This will be useful site for our analysis
http://www.mouthshut.com/review/GoldQuest.com-54567-1.html
~ James
ok...party time starts...for arguments...no one going to emerge as a winner...
if you said that Questnet is illegal, you are right.
if you said that Questnet is legal, you are right.
Then why worry...let me go to make few signups...and many my future brighter...
see u guys...do not waste time with this blog...histroy and your future generations are waiting for you...make something meaningful.......
Please post something else other than blogs written by people who dont know the exact business......first of all plesae understand wat is the differnce between pyramidal marketing and referral marketing.
Shreedevi
Hi Jayaraj,
Ur are absolutely right. I can define this business as "business managed by money leeches, sucks money from the child nodes".
Everyone is thinking of the profit what they get from this business. If they start thinking of the final child nodes (i mean the terminated nodes) then they can come to conclusion how many 'll get affected.
i 'll submit how this 'll affect the terminated node in my next comment.
Ram
Hi Sreedevi,
Really we don't know the difference between pyramidal marketing and referral marketing.
could you tell me, pls?
Ram
In pyramidal marketing you get money accordin to ur level. In gldquest it is on performance basis. The downlines can earn more than their uplines unlike pyramidal marketing. Why cant u accept the fact when people make money by marketing? Please refer to the-week.com "Million dreams" how direct marketing has changed the life of many. You dont seem to question things on retail marketing...why is that? U get your coke for Rs10 when it is worth just 65paise. They are the ones who suck your money. The reaming goes to the distributors and advertisers. But why so much opposition when the customers make money instead of distributors! Why you dont oppose retial marketing ,but direct selling? Who has gone on a loss here? There are many of us who are making good profit. If 1 or 2 sit idle without doing anything , how will they make money?
Shreedevi
if u intro two persons u r getting a commision of rs.2300(not exactly)..but tht company is getting more profit i.e, more than 20,000 rs...what if ur chain stops..will u get money?? answer to this question sridevi....
mr.jayaraj our indians will beleive every1 and they can easily brainwash... those people who fell in this scam(pond)..dont tell ill about this questnet!!
bcos they will lose their profits/commission!!rite!!my mum is in this questnet!!i am against her! dont sucks low level peoples incomes u guys!
any money which came from cheating the ignorant people!!will not stand!!! wake up guys!!jay
So ultimately, you all people are becoming a retail seller. is that right? whats the product you are selling? any food product or essential product?
ok, if we get coke by pyramidal marketing, 'll you sell coke for 5 rupees (50% off) or 10 rupees?
you definitely sell for 10 rs. tell me the end customer benefit......
Ram
The end customer benefit is that the profit aprat from the profit margin is shared with people who promote business.
Shreedevi.
How can the chain stop? Will the number of youngsters moving out of college going to stop? Or will students joining colleges goign to stop? Whats wrong in teh company making profit? Even the customers earn money......whats wrong in that. If you promote their business they give you a commission. Whats wrong in it. If you are working in an IT firm, dont you get a commission if you refer some experienced skilled people? Tell me dont you get! Do you call that as cheating? The company gets a good resource , so they give you a commission. Even the referral scheme works in the same way.
How can the chain stop? Will the number of youngsters moving out of college going to stop? Or will students joining colleges goign to stop? Whats wrong in teh company making profit? Even the customers earn money......whats wrong in that. If you promote their business they give you a commission. Whats wrong in it. If you are working in an IT firm, dont you get a commission if you refer some experienced skilled people? Tell me dont you get! Do you call that as cheating? The company gets a good resource , so they give you a commission. Even the referral scheme works in the same way.
Shreedevi
What is Pyramid selling?.
Answer:
1. There is no product at all.
2. The top person will get 10% of next down line income + payment.
The flow will be like this
First person joins and pays Rs 10 ( binary 0 th level – 1 place)
Next 2 persons joins and pays Rs 20 each. ( binary 1st level – 2 place)
Next 4 pwrsons joins and pays Rs 40 each…( binary 2nd level – 4 place)
Next 8 persons joins and pays Rs 80 each. ( binary 3rd level – 8 place)
Next 16 persons joins and pays Rs 160 each. ( binary 4th level – 16 place)…..
Here everyone will buy the position so that they can pay minimum and get maximum as the positions are expected to grow.
All Governments are banning schemes like this only. Because the chain will stop at some time.
In India it is banned by the law called Price chits and money circulation scheme banning act 1978.
The important distinction between pyramid schemes and other organisation, however, is in the operational area. That is to say, does its operations follow a chain letter principle? In terms of income, do members of the organisation derive income from the mere act of recruiting? Are there actual sales to end consumers in the company's operations? To join the business, do participants have to pay a high entry fee? And if one wishes to opt out of the business, is there a provision for him to recover his money?
DIFFERENCES BETWEEN LEGITIMATE DIRECT SELLING COMPANIES COMPANIES AND PYRAMID SCHEMES
Legitimate Direct Selling Companies
Pyramid Schemes
1.
The start-up fee for all ethical multi-level selling companies is generally low, primarily to cover training materials, sales aids or demonstration kits.
Pyramid schemes often disguise high entry fees as part of the price charged for required purchases of training, product inventory etc. Pyramid schemes make virtually all their profits from recruiting.
2.
Such companies sell a wide range of quality products to the general public. The bulk of the sales are on repeat sales form satisfied customers. This is only possible because these companies spend millions on research and development to develop quality products.
Pyramid schemes are frequently disguised to appear as legitimate direct selling companies. Such schemes are not interested in marketing these products which are of dubious value. Instead, money is made in typical pyramid fashion, from recruiting, with new distributors being pushed to purchase high cost/large inventory when they sign up.
3.
Many companies have a 100 percent money-back guarantee. Dissatisfied users (and there are relatively few) could exchange the products back for money or for an equivalent amount in other products.
Pyramid schemes will not buy back unsold inventory. Such schemes will collapse very quickly if there is this condition for re-purchase of goods.
4.
These companies are interested in long-term business. In every country that they operate, this criterion is important because the companies have an obligation to their distributors who are small businessmen in their own rights.
Pyramid schemes are get-rich quick schemes. The nature of the pyramids, in which large numbers of people at the bottom of the pyramid pay money to a few people at the top, clearly explains why the scheme cannot sustain itself for long.
5.
Recognition of achievement is based on efforts. This means that a distributor's income is commensurate with the efforts he/she puts into the business.
Position could be purchased.
6.
Established companies depend on selling to customers quality products which offer value for money in order to establish a market.
Pyramid schemes are not concerned with repeat sales to users of the products. Profits are made on volume sales to new recruits who buy the products not because they are useful or attractively priced, but because they must buy them to participate in the scheme. As a result, new participants are stuck with products that are way below the market value in relation to the high entry fees paid by them. Should the pyramid scheme collapse, there is no way for the participants to recover their "investments".
7.
These companies build up networks of independent distributors to sell products.
Promoters of a pyramid scheme are engaging in fraud, knowingly deceiving participants in the schemes.
8.
They have strict Rules of Conduct which, among other things, forbids its distributors to load up on inventory.
Participants in a pyramid scheme have no choice but indulge in inventory loading/high fees to participate.
9.
Distributors sell products and or services.
Participation is essentially based on recruiting, not necessarily on the sale of products or services.
10.
Direct selling is a popular method of retailing which is recognised as a lawful and legitimate business in many countries including the U.S.
Pyramid schemes have been outlawed throughout the United States and many countries many countries around the world.
Shreedevi
sreedevi::u said::
How can the chain stop? Will the number of youngsters moving out of college going to stop? Or will students joining colleges goign to stop::
so here comes ur ultimate future plan (for money suckers)
so they all have 2 buy those useless gold coins!!
and u r living on other peoples blood..
in ur trainig book also::
u r having different tactics or brainwash for peoples in different strem like insurance agents,govt staffs,it guys,business men etc..
*****************************
if indian GOVT is going to ban this scam (QUESTNET)>will they make compensation to those ignorant people??
#############################
jagaraj::we can do this ::we shd tell to our president kalam about this issue.... ??
Every 2 out of 3 people who join this scheme are destined to loose their money. That's why it is a SCAM.
This scam can go on forever if every scamster scams only two people that too once in 50 years. That is valid for India whose population will double every 50 year at current rate of growth and so will the number of potential bakras. Some scamsters will make money in it, but for every one who makes money there will be atleast 2 more who will loose money. Thats why it is a SCAM.
I dont know where you guys got these definitions of Legitimate direct selling and pyramidal schemes.. how authentic are these information?
Are these differences you have projected, the ones which you want others to see, are we skipping more obvious similarities..
Well my turn with the direct selling definitions, does this goldquest thing of urs, fit with these..
Legitimate direct sales programs do not—
(1) recruit participants in an endless chain of
recruiters recruiting recruiters,
(2) specify advancement by recruitment, rather
than by appointment,
(3) require or use powerful incentives for ongoing
purchases in order to qualify for commissions and to
advance in the scheme,
(4) pay overrides on more levels of managers than
are functionally justified (most corporations have found
the entire country can be covered in four levels of sales
managers),
and (5) offer excessive incentive to recruit,
combined with inadequate incentive to sell products to
bona fide customers. In nearly all MLM’s, there are few
legitimate customers outside the network of
“distributors.”
... again i m no expert, found these things on the net.. jus curious to kno the truth..
We are getting blogs from people who earnin some money with these goldquest.. any losers in this game..r are we still early to have losers???
"...are we still early to have losers???..."
Well said...bro..
I Have asked more questions.. here..
http://jayaraj-m.blogspot.com/2006/11/shreedevians-other-members-could-you.html
I want to clear one question.. if you(questnet members) don't mind sucking others money... You must accept it is money sucking scheme.. and take your own decision.. if you feel it is not money sucking scheme.. i'm very eager to know how..
WELL SAID JEYARAJ...
THIS IS A MONEY SUCKING GAME..
WHERE PEOPLE WASTING THEIR TIME AND VALUABLE RESOURCES...
NO ON MAKES MONEY IN MLM...IT IS ALL FAKE....
CAN U SHOW ANYONE WHO REALLY MADE GOOD MONEY IN MLM...
ONLY BEFORE THE STAGE THEY WILL SAY THAT I MADE "US$XXXXXXX" ETC...
BUT I DO NOT KNOW HOW THESE GUYS ARE MAKING MONEY...
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
Do not join MLM
here we go dudes.. I have given the full calculation how money flows from many to one.. and everything..
I have explained the How Questnet business model works...
http://jayaraj-m.blogspot.com/2006/11/questnet-business-model-uncensored-with.html
hi peter:
i do not know how you tell about startegies which are not real and also you are not a quest net customer.
let me tell you something.a powerfull company like quest net has a training team which make leaders who support new users in every aspect of works even in their life.if you have passed these trainig courses and worked like so many users in the world you never said all you mentiond before.i promise you all who refuse to join once will do it soon.cause they will find all their friend who joint reached their life visions.we work in iran and growing so fast.hope to see you soon in one of our global offices.
Hi All,
Have you guys heard of Melaleuca?It is the latest CDM in Sinapore.Anyone interested in a business opportunity / to know more are welcome to call me, 93363302, Alex for more detail.
See you!
hi,
AMWAY is never a pyramid or a scheme. But GOLD QUEST ..........I doubt...........
You go to saree shop and buy some saree.. do you really know what is the real price of the saree.. what is real margin the shop get..
You go to jewellery shop and buy some jewels.. you may not know the jewels when this had been made..what is real price of the gold.. but still you intend to buy the jewels..
you r intend to buy something.. thats why you buy...
Business is also like same.. your intention to earn money legally, Indian Government recognise the business of Questnet.. if you feel that you can make money u can make.. otherwise donot join.. we are not cheating anybody.. we are giving the oppurtunity to people.. Whoever interested and have GUTS can join and win the race.. Whoever not interested please shut up & keep quiet.. By loosing some money in this business is not loosing your life.. ok.. The important thing I have learnt through the business is, selling skill, making presentations, making some money.. more importantly not cheating anybody. Nobody can earn money by investing something and sitting idle.. You must work hard to earn money.. Finally I conclude with this.."Questnet is a legal Business" and it doesn't spoil any one's life.
Devanathan G
hi Dev,
Great comments. People don't know the real potential of this business. We need to work hard to get success. people give up in their early stage and say it does not work.
We are putting our effort and i am sure we will have profits. let us have hopes on it and focus on our future...
Muruges
Hi All,
Nice to see people blogging and finally coming out with nothing..
I have a few questions..
Are you guys who are blogging about Network marketing know what Network marketing is???
Have u ever at least seen the meaning of it in a dictionary?
Then how do you feel u r eligible to write something about it???
Know one thing there is a Management degree offered in Illinois Institute Of Technology in Network Marketing!!!
I have read dozens of books, hundreds of articles and thousands of blogs before coming in to this business..
Each and every big company has a case on it!! Anyone can file a case against anyone..
That’s the reason all the companies have a legal advisor…
You people talk about money being sucked out to other countries???
Don’t you drink Coke?? Buy Lee jean?? Peter England shirt?? Honda car???
Where does the money go????
Aren’t the celebrities’ money suckers?? 30 sec commercial for crores!!!!
If you have the courage, join the business else for gods’ sake don’t..
You people want to conduct a opinion poll and want to decide by seeing others opinions… If you want to confirm everything and want to take a risk free decision, Then all the best, you are never going to make any useful decision in ur life…
Keep blogging and ask for others opinions and views..
Probably you can join after everyone or the majority of the world population joins this and tells you to join… which is never going to happen.. everyone cannot achieve success, if it happens then Success is meaningless… absolutely in any thing in this world not everybody can succeed…
You fear whether you can refer your friends?? You fear whether you can succeed!!!
TEAR YOUR FEAR ELSE YOUR FEAR WILL TEAR YOU!!!!!
I would be happy if atleast by seeing my blog no one takes others opinions(This blog excluding).. Common guys all of u are unique, think on ur own.. whatever it be...
Take care,
Jagan Mohan K B
All people who lack maturity, understanding of economics, and want to earn quick buck join MLM. They try to brain wash others by relating the scam with many examples which are delebrately linked to make a point. And finally, the world is full of people who can be brain washed easily, thats why world has suicide bombers who kill themselves for things they dont understand. Another MLM scam in hapenning, this time the company is eBiz.com Pvt. Ltd. No ... they are not related in any way with the www.ebiz.com domain at all. Thisis just to misguide. Their actual website is www.ebizel.com. An former member of the company has this wonderfull website describing the entire thing http://antiebizel.googlepages.com
Thanks. I will have to say NO to Questnet. I had a meeting with one of their representatives few hours ago. Its better to be safe than to be sorry. :)
hI jEYRAJ,
Nice man,i must appreciate you,but before that,do you know the rate of a irani chai in hyd,its 4 rs,which really costs 25 ps hardly,so he scams 3 rs,right?
Its not cheating or fraud,every business is for profit,every product is sold more than its worth,keep campaining for all the products,i am not quest member too,but i may soon,no body does service,all are after money,no body loots money,once you are confident you can do join,else never mind...tat's really cool and good.fine nice of you...u cant change the wholw world,i am not sure wat u do,but think..all products looks for profit,this is done with a chain,but all business is the same,this is better i can say...
There's no money to be made in this world the easy way. Work for it, work hard for it, and it comes your way. Forget about mlm's like goldquest, questnet etc and move on............. these are scams.
I met with the representatives yesterday. I have decided against joining this business. Thank you.
http://tryonce.blogspot.com/2007/02/gold-quest.html
http://users.openface.ca/~cobe/eth/quest.html
Good initiative bro! ..
:)
Thanks
If a man depends on his grandchildren is it wrong...Life is just depending no each other...
Here is something for you all.
a. Just because you find someone "famous" doesnt mean its legal. Ken Lay, if alive, would have been a living example.
b. The singapore address is a "shared office" or P.O Box number. Any legitimate company would not hide their address.
c. This defies logical thinking. If everyone is working to make 152,000 crores of whatever galaxy shattering amount they are promising, and assuming MOST get paid (since you are claiming it to be true) where does the money come from?
d. The value of this gold is 1/3 of the price you pay.
e. The numesmatic of these coins have been almost the same since 1984 when it first appeared in the asian continent.
f. You must be fcking stupid to think that you can make so much money so easily !!
g. I wish people like you invest more money so that you realise what you deserve.
h. Scams never die out. They just get reincarnated with new similar sounding names.
i. A scamming company has never lost anything till date. They keep the politicians well oiled to ensure they slip out.
Say what you may but this looks absoulutely clear scam for stupid suckers. There are million sites out there which has warning and even now if you insist this company is legal, I wish to remind you that a fool and money will part ways sooner than later.
All the best and think of earning money the good old way.
suckers !!!
Sometime back I saw Shahrukh Khan in Mayur Suitings & Shirtings Advertisement and now he comes in for Montblenc. What does that mean? Shahrukh Khan is also fraud. People buy cloths on his recommendation and then he recommends something else.So all you who are against Quest see that you start blogging against Shahrukh also. :-)
The owner of the company has been given highest rank of Malaysia i.e Dato. A famous person cannot hide and cheat everyone. Its easy to fool one person and not 2.5 million people. Those who are unsuccessfull always find problem in the system and in the company. They never say that they had not worked hard according to the system.
2007/05/07
Datuk wanted in RM308m fraud case
By : Alang Bendahara
KUALA LUMPUR: Businessman Datuk Vijayeswaran S. Vijayaratnam, who was arrested in Jakarta last week, is wanted in connection with a US$90 million (RM308m) fraud case in the Philippines.
Indonesian police are co-ordinating with their Filipino counterparts to extradite him to Quezon City where a warrant of arrest has been issued against him for a nine-year-old case.
The warrant is for fraud and conspiracy, according to the Interpol website.
The 46-year-old is the group managing director of QI Limited, which is based in Hong Kong with branches in 30 countries from Australia to Brazil. Its regional office in Malaysia is in Petaling Jaya.
According to sources close to Vijayeswaran, the businessman had ventured into a business deal in the Philippines in 1998, but it turned sour.
His Filipino partners allegedly filed a civil suit against him. This was eventually converted into a criminal case. It is learnt that there is no bail for the charges.
At press time, his lawyers and senior company officials, who are in Jakarta, were fighting moves to extradite him.
Vijayeswaran, who was awarded a Datukship from Pahang, was posted on Interpol’s wanted list on April 2 under the "red notice".
The "red notice" circulates the warrant worldwide with the request that the wanted person be arrested for the purpose of extradition.
On Thursday night, Vijayeswaran was picked up by police in Jakarta, along with three senior personnel of QI Limited, at a five-star hotel.
The three were identified as Joseph Bismark, Donna Marie Imson and Tagumpay Kintanar, all from the Philippines.
It is learnt that after his failed business bid in 1998, Vijayeswaran started QI Limited.
According to its website, QI Limited is a diversified organisation involved in varied business sectors, including retailing, travel and leisure, luxury products, interactive marketing, telecom and technology products, financial services, corporate investments, media, training, education and business consulting.
The company also made a name for itself as one of the world’s largest providers of limited-edition numismatics, fine gold and diamond jewellery, as well as "distinctive timepieces and stylish writing instruments".
As more QI subsidiaries have emerged, QuestNet was created to support the group’s burgeoning customer base.
Vijayeswaran ventured back to Malaysia by investing in several state and federal projects.
In 2000, however, his company here, GoldQuest International, had a run-in with the law.
The company’s country ma- nager, Tony Teoh Boon Sir, was charged with operating a direct selling company without a valid licence.
It is learnt that the charge, filed by the Domestic Trade and Consumer Affairs Ministry, was dropped several years later.
Last night, QI group director of finance Richard E. Zinkiewicz issued a statement on the arrest of Vijayeswaran and three others, saying that to date, there had not been any hearing in any court on the entire merits of the case against any of the individuals.
"The case is currently pending further determination before the Court of Appeal in the Philippines.
"We wish to reiterate that the case is in no way related to the business activities of any of the companies of the group."
He also claimed that the issues relating to the matters reported, including in respect of Indonesia and one of QI’s businesses, had been overstated and inaccurate.
"We are certain that in due course, the truth will unfold and all events will be presented in their correct perspective as opposed to the regrettable manner in which they have currently been stated."
Zinkiewicz also confirmed that the company and its representatives were co-operating fully with Interpol in Indonesia on the matter.
Source:New Straits Times, Malaysia
Link:http://www.nst.com.my/Current_News/NST/Monday/Frontpage/20070507072634/Article/index_html
Dear Friends,
It’s very simple. In any field either education or network marketing, people who fail will always say it won't work/its illegal/its scam all sort of nonsense and people who are successful/meritorious will say its very good/its legal. Eg. Its like when you fail in the exam you always accuse saying that this institute/college is not good/they don’t teach well. But at the same time some students get good marks and they come out with flying colors. What should be the reason for this? People who work sincerely will always be successful and people who don’t get failed. Hence be positive always. Don't be negative since only you will be the loser and left all alone in this wonderfull world. Rajan
Datuk to be extradited soon
By EDDIE CHUA
KUALA LUMPUR: The Malaysian Datuk and three Filipinos arrested by the Indonesian police in Jakarta in connection with a multi-level marketing scam will be extradited to the Philippines soon.
Philippine National Police spokesman Samuel Pagdilao Jr told The Star last night that they were co-ordinating with Indonesian police to take the four suspects to their country.
“We will deploy at least 10 officers to Jakarta soon to escort them,” he said.
Businessman Datuk Vijayeswaran S. Vijayaratnam, detained in Jakarta on Thursday with three Filipinos in connection with a US$90mil (RM308mil) fraud case in the Philippines, has blamed a fallout with business partners for his troubles.
The 46-year-old group managing director of QI Limited, which is based in Hong Kong with branches in 30 countries, has dismissed alleged criminal charges.
QI finance director Richard E. Zinkiewicz issued a statement here yesterday saying Vijayeswaran’s former associates had filed a suit against Vijayeswaran and others after the venture failed four years ago.
It was reported that Indonesian police were working with their Filipino counterparts to extradite Vijayeswaran to Quezon City where a warrant of arrest has been issued against him for a nine-year-old case.
It has also been reported that it was former Indonesian president Abdurrahman Wahid, known as Gus Dur, who led police to the arrest of Vijayeswaran.
Vijayeswaran and his partners were said to have met Gus Dur with an offer to print gold coins bearing the pictures of the Indonesian leader and his grandfather.
Source:http://thestar.com.my/news/story.asp?file=/2007/5/8/nation/17659583&sec=nation
I agree with Jayraj and many others who help people like me to get to know the negatives......I belive this is a game of people who can eaily push someone on the basis of personal influence or on the cost of friendship into MLM and then disappear.
I am one of them who are repenting on falling into this just for the sake of friendship....
frm Bangalore
Dear all
It is very intriguing that one Peter is trying to misguide everyone by putting absurd comments regarding Questnet. It very much genuine and any body who is willing to change his fortune by legal referrals. A host of mints are marketing their so called goldcoins at much higher prices and that's too without any earning opportunity. Mr Peter jayaraj is not capable of getting success. He his more interested in creating failures like him and thus using the revolution called INTERNET to misguide others. In every business rivals are there and at times due to persons like Mr Peter they get upperhand but remember all these things are only for time being. Ultimately only TRUTH prevails and QUESTNET opportunity is is TRUTHFUL opportunity where you get money by actual referrals. By unique balancing factor introduced by Questnet even a downline (down to more that 10 depth) can earn much higher than his active upline leader. Then How can this be MLM as blamed by Mr Peter and other.
I request all inviolved please don't carried away by personal views of a man of TOTAL FAILURE. Look to your dreams and Questnet is here to help yopu acheive you them succesfully. Some political or prejudicial activities can not prevent QI group from furthering its step to RYTHM - Raise Yourself To Help Mankind.
Brajesh
Hi
Whatever time is wasted is wasted. I know one thing a genuine plant of Grapes will only give grapes not mangos. May be Mr. Peter is a mentally retarded person who cannot see so many advantages and legalities with Quest Net Opportunity which is already seen by 231 Governments of this world who allowed this group to market Qi products in their teritory. At least I believe the world wide organizations like FAO of UN, IOC, IBF, FIFA, VATICAN CITY, Various Govts. and National International Authorities who have given Endorsements for QI Medallions, including that of Olympics and FIFA, are definitely beter brains and beter well wishers of us than Mr. Peter, world over. Can they be associated with an organization of fraudulent attitude? Definitely not. It is upto you wheather we will see our probable great future with QI or finally embrace failure with Mr. Peter.
Decission is yours bcoz time is yours.
Thanking You All
Satrughna
Monday, 18th June 2007
It is all horrible. I do not understand why Govt. of India is not taking any action against the company ? It is surprising to know that wife of our Finance Minister in the Centre Mr. Chidambaram is a legal adviser to this company. What our opposition party is doing ? or they are also the part of this big scam ?
Chandrashekhar Phadke
Why does all Questnet directors under arrested?
http://www.interpol.int/public/Data/Wanted/Notices/Data/2007/54/2007_13854.asp
http://www.interpol.int/public/Data/Wanted/Notices/Data/2007/56/2007_13856.asp
http://www.interpol.int/public/Data/Wanted/Notices/Data/2007/65/2007_13865.asp
http://www.interpol.int/public/Data/Wanted/Notices/Data/2007/58/2007_13858.asp
http://www.interpol.int/public/Data/Wanted/Notices/Data/2007/55/2007_13855.asp
Do you want to associate yourself with a company that all the founding directors are under wanted list by interpol under criminal
offences?
This is a scheme where 5% are earning from 95%. One person in a family may make 3-5 cheques but the whole family members of 20 people signups which total nett loss to the whole group. It can make ONE very rich BUT a THOUSAND sacrifices their hard earn money for ONE's happiness.
Don't forget, those money are from your beloved families and relatives and friends.
If you hunt back those who had joined Goldquest during pioneer stage, 8 - 9 years ago, HOW MANY PEOPLE CAN YOU FIND???
In a race, there is only a winner and a bunch of losers. Good luck.
i am sure that mr. peter is a mentally retarted person, and furstrated,unhappy with his own life hence he has nothing to do in life than pointing fingers on others and that too without knowing or gathering any positive information about the company...if the company is as he has described it..than i don't think it could have survived for 9 years...and for ur kind info mr.peter you are not the only one with brains, where u are trying to give advice to people, this way u are tellin people that they are dumb and u are the smart one...i belive everyone is intelligent to take their own decsion...
Hi all, thanks to Mr.jaya.i have decided to join quest after 3 years, just because of Mr.jay. All the people in this business please think ,this not mlm or networking. It is some thing yells. People who have brains please think. The answer is with me. Good luck. Any one willing to pick me in your team .dr.sudheer
Hi Peter..Dont feel offended..but you are a perfect example of a looser!!!!some people never do and dont achieve anything in life...they keep on wasting time in giving data to support their belief..you please continue with it.In Life things comes to those who wait and analyse ...but only things left by those who hustle.Cmmon man...R u a fool u cant see people earning in front of ur eyes..They will earn and u will always critize system.I am a very experienced Networker and only want to say....people who are at leaf nodes today will become parent nodes some day or not????I can assure u please make efforts for your commitments...leave this Network marketing...U need to work hard and show your achievements and it is thousand times better than big words .....
A very Wise decision Sudheer..!!
I shld really thank Mr. Jeyraj for quest net publicity.. ;-) I think Goldquest simply rocks !!!
Hey Sudheer u can get in touch with me @ sunojk@gmail.com
SunoJ
I read the full story.... I have not yet joined this. But really thinking to join. You pay 30000 so u think maximum risk is 30000. but when u get gold coin risk factor reduces to 22000. If i take help of my seniors in business i may get another 2300. so risk is reduced to 20000. i think i can try my luck with 20000.
Plz dont join Quest and quinch ur life.....its a company which deals with fraudlent activities and will close one day....
dont spoil thousand lifes to make ur one dream come true
One great saying " big promises are made but not kept"
Business king - chris
Your money..your decide. Just don't blame some one else if you wrong. Peter just sharing his knowledge...we don't have to offend him. When you offend other it's just make You become Fools in readers eyes. Who don't needs money? We all do..just don't let it make you stumble...If you find GoldQuest good then you must join, but if you think it's a scam than don't join it. Just that simple....
Hello,
First of all ,It would be nice Mr. Peter if instead of wasting your time here ,you learnt how to write good english. I am not against or in support of any particular point of view but it realy pisses my ass off to see bad english ,
Next point.
If the quest net business is illegal ,why does Govt of India cuts a TDS of 11.5 % on every check. A question to Mr. Peter (DO PEOPLE INVOLVED IN ILLEGAL BUSINESSES PAY TAX TO THE GOVT.)
One more.
Mr. Peter please do not subscribe to stale news , Govt of india has cleared its stand , on Direct Selling stating that , it DOES NOT come under the Prize chits and money ciculation Act.It would be wise if you start reading the latest newspapers.
for more clarification you can contact me at 84.vimal@gmail.com
Hi Peter.U r totally right.Quest is a completely illegal company.
Jst for my information could u name any other company which pays regular taxes to the government (there is a TDS cut on your income, which is a shared profit by the company).I am still in doubt whether the Indian Government too is a part of the scam or also the other governments in those countries where the business is a big hit.
Could u kindly clarify my doubt.
Yes I m a part of Questnet too and I m totally satisfied with my decision of being a part of the same.
A right decision I hv taken in my life.. I hv made a one time investment for my lifetime which will even tk care of my retired life..
Just visit this form and read the Mathematics behind. If u can understand mathematics. Also see who is in Interpol's most wanted list. The Founder of Quest Gold himself. He is arrested by Interpol. refer http://www.interpol.int/public/Data/Wanted/Notices/Data/2007/55/2007_13855.asp
Hi guys
Istead of going thro' the argument what is legal and illegal.
Just think on one point
only 5 % of yuor so called downlines will profit (if u really do well) and others will lose. When I say others they are after all your relatives, ur friends or people known to them...
Ultimately ur fellow country men.
If u say I damn a care on who loses. Then propably u are in the right MLM - u will be successful. Cheers.
For others u have a heart for ur fellow men - Please give it up.
I gave it up for the sake of my friends.. I dint want to cheat anyone any longer.
U know Vijay Easwaran has not turned up to India till now after the scam popped up in 2003 fearing arrest.
Take care
Jayraj,
I really feel sorry for you trying to explain this complex fraud concept to laymen(that is what it looks like going by the tone and language of posts)
and you've been pretty tolerant too..to allow all these comments,most of which are pure non sense,i think you should take an IQ test before allowing anyone to post,giving emphasis on math and analytical skills,that way you'll have intelligent audience with intelligent discussion...
Now let me get down to the real stuff,you must knowing this already but just to let the public understand..
Different people have different views...
some are saying its a total fraud and some other claim that they've earned real money,in fact both are right,this kind of scheme is called pyramid scheme,as you've already mentioned,i'll explain the significance of this...
people on top of the pyramid will earn hell lot of money,as you move down the pyramid the amount of money that can be earned decreases (and mind you,it decreases exponentially) and further down the pyramid people start losing money.
and what do i mean by top and moving down?
top - people who joined early and have got a big referral tree under them,
Down - people who've joined late and have got big tree above them.
Calculations show that in pyramid scheme only 12.5% people will actually benefit and rest 87.5% will lose money..so its basically an Early late game...
if you are early you benefit,if you are late you lose,as simple as that.
Scam or no scam i dont care,this company works on a mathematical model,understand this and play the game.
As for me,i am not going to join this one,i dont think its wise to invest in a business with 87.5% probability of failure...also its too late now.
Hi abdul
It is not a proper pyramid. It is a sort of binary tree. So the downlines can earn more than the uplines- since it is basd on right left compensations. That is were lies the secret code of the business. only 5 % can make money because of this R-L Comp system. Company will be stable. It will not collape becos of inability to pay off. But 95 % will lose money. That money is used to pay the other 5 %, the so called top earners.
You also have a flushing system, that disallows compensation for every week, which is the maximum earning potential. Company's model is a hi fi funda- with no flaws. But the people who earn from this business earn from the people who lost their money by buying a product.
So it is no question of company cheating u. But u cheat all your friends onbehalf of the company
Most intelligent way- u dont kill but you recruit someone to kill is the company's policy.
Watch out
You have a wonderfuol saying..
If going gets too easy.. watch out probably u are slipping downhill
Hi all,
I am earning 20K/month from this beautiful company QUESTNET. I joined 2 months back. Its a lovely company according to me. I joined this company to earn money, my frnz joined here for the same reason, n every1 joins for the same. Nobody is gonna wipe ur eyes n ask u 2 smuggle or something else... everyhing is clearly said. If u wish u join, else dont join. Why do u wanna accuse or blame the company??? Why do u wanna shout at it?? I m in that company... How can u know better than me abt that company???
To conclude: (To those who are poor) I m rich, You are poor, come with me, i will make you rich.
If u are already rich n dont wanna earn more.. don wanna join this company... jus stay wr u r n don feel for it later.
Its ur wish to join, no 1 is compelling u. Bye all.
Hi All,
I am seeing this blog for the first time and wonder if you people know what you are doing. Please remember In this world the only thing which you will get free and unlimmited is opinion. So people here are giving it free of cost but the question is who needs it. God created human being and made sure every organ is justified. For Gods sake people we have brains and lets start using it. One stupid idiot called Jayraj Peter started this and is absconding till date. He made big commitments of proving this business wrong and nothing happened post that. After few other stupids who do this business continued the arguement till date. I mean i dont care if you do this business or not but dont try to be our GURU's. if you are so concerned about people and our country try helping poor by paying taxes on time, educating poor, supporting orphans, respect elderly.
Just one question if giving opinions costed, would you have given it in the first place? grow up guys take your own decision. Always remember the following,
"IF YOU ARE BORN POOR ITS NOT YOUR FAULT BUT IF YOU DIE POOR ITS DEFINATELY IS YOUR FAULT". Work towards making your life successfull by using your senses and taking your own decisions.
i will pray to god that you people start using your senses rather than following others blindly.
Jayraj we are looking forawrd to a poll by you about your life partner. Tell us about her and we will poll whether she is compatible for you. sounds weird? do you have guts to do that? if not, stop being a guide as we dont need a coward like to tell us what to do.
Sreedevi and others if you are so confident about what you are doing i dont see any need for defending it. Stop clarifying and continue what you are doing.
I hope you people will stop being a follower and become leaders.
May GOD bless you
SanShe,PUNE
Nice research! No wonder those people in pyramid scheme do not encourage you to use Internet search engine. Your article will help others to understand MLM.
http://www.tipskey.com/consumer_alert/read_this_before_joining_mlm.htm
Sanshe remarks can be removed from this blog, jeyraj. This blog is for people who want to know the best and worst of qi. Why shd u include a sane person's remarks? He speaks of all gud virtues of a gud citizen but his remarks on you does not even reflect that of a gud human being.
Better to include only those comments that speak for and against qi, which is the ultimate objective of this post.
People like Sanshe are there everywhere.... they think and act more smart than what they really are...
This is a wonderful blog. u know it has saved eleven of my friends from investing in qi.
Thanks Jeyraj
Cheers
Your admirer
Hi QuestNET associates & anti questnet members
Well, I'm one of the proud ASSOCIATE of QuestNET Biz, I loved this thread,but unfortunately I clashed with the said thread just yerterday(better later than never), and after reading from the begining, I realised that this thread or blog what IT people call, is actually helping QuestNET to grow and especially the anti-questnet guysNgals are literally making the QuestNET go STRONG, thanks, you all anti questnet people.
The anti questnet people are indirectly helping the QuestNET associates to gain more info., wow! thanks guys. I, myself planing to use lot of stuff from this thread in my presentation, this info can be used as pointers to make the presentation more interactive and interting.
Few more points I need to share, instead of digging grave for the needy, why can't we backup the needy by supporting RYTHM charity foundation(Raise Yourself To Help Mankind).The Golden Pie team of India says '' Bring(ing) The Change Within''.
QuestNET need Biz ASSOCIATES, not members.
QuestNET is to help MANKIND and not to destroy them.
QuestNET is BUSINESS, not money making scheame.
QuestNET is a TEAM(Together We Achieve More), no indivual working.
QuestNET creates BOND,between 2 4 8 16 32 64 and so on and so forth.
QuestNET is a FAMILY, not a club for members.
QuestNET is for the people, to the people, by the people.
And mind you all, in this world nothing is FREE, if you get anything FREE, you won't even know when it has gone from your hand, so lets put on hard work to get what we deserve. Today's wise decision will be a huge reward tomorrow.
If you see/feel/find/ask/ positive you get POSITIVE, but if you are nagetive, you are blessed with nagetive gifts.
Please ignore stuff that offends anyone.
Bye for now. . . . . JCardozo, QuestNET Associate, GOAINDIA
Guys please do not join this business. reasons are
1)i have joined this business 8 months back, i gave my full committment but could not earn my monen back,mean time i lost my friens,my gal fren and most valuable my time.
2)now i have made up my mind to quit only because i do not want fool others n get my money back.
3)guys pleaseeeeeeeeeee do not join n those u already joined please stop this.do not care about your 30,000. think about future buddies who is going to loose 30k because of you.please spread this message.
Arre Yaar, teri jindagi mee problem kya hai.I think seriously you need to see a doctor. When the business is legal and everybody joining is getting the benifit, what is the problem with you.
Please give ur number we will help you to fund you
Hi All,
(For QI members)First i would like to tell u tell your peoples one thing, If peoples are opposing you dont try to fight with them. Your product is quality and genuie automatically peoples will join you. No need to compel any one. Plz dont try to target only IT guys.
Second, Dont intodue your dear friends on this. Friendship is important than money. If it is geniue no need to keep it as a secrect, before going for demo plz explain to ur buddies.
From Bangalore (IT Guy)
Hi,
I think all the negative and skeptive people here are the biggest losers of mankind.They are simply WORKERS of this community and will never become Rich.One thing u all must learn is that the world is changing very fast now.It changes every second.If u dont adapt u fail and die.
QUESTNET is about that change.The communication and connectivity today i far superior than 5 yrs back.And so these schemes will excel.U will crying and tearing ur hairs out after 5 yrs when ur neighbour would be preparing to take a flight to moon with the money earned from this scheme and u will still be thinking or Mercedes.
Get one thing right in ur brain.U cant make Wealth without Risk.Risk is the essence of every Business. And Questnet is Business.If u have ever done any business successfully then u would have taken some risk.So its good to take this risk and earn.
I have just joined Questnet Today and have already got back my invested money in a day.
How did i do it? Simply by networking?I called up a few friends and told them to invest their spare money.
If u have some money to spare then its worth taking this Risk.QUESTNET gurantees u ur money back with the product within 4 weeks.Isnt that enough of Risk reduced for u.
What do you think Orkut is?Its a networking site?Are they a Fraud cause they network?Dont they earn money...they do??
And those who said google doesnt support pyramid schemes...they should know that Orkut is a Networking site owned by Google and so they are already into the scheme.If orkut didnt spread the word about its networking through people then how would they earn money.They dont even share that money with u??
But here a truly magnificient company, QUESTNET... which sponsors that Brazil Football team...is it a joke to sponsor one of the most powerful football team in the world???
Well they are also sponsoring the Rugby team in Srilanka and V6 F1 racing.....the list is endless....if u still need some explaination...then better u wear bangles like ladies and sit in the house...u are not worth living in this cruel and fast world...
For others who want to change their life fast and believe in the Fast lane and want to be Successful...join Questnet....I will become one of the Greatest Questnet members soon...Hope to see some of you there...Take care all other bacha party...
http://goldquesttragedy.blogspot.com/
check dis out. A real story
Those who are thinking that joining QUESTNET (MLM) IS STARTING YOUR OWN BUSINESS, first of all try to understand that what business is.
In QuestNet, you are selling, marketing, promoting for QuestNet and getting commission for your referals, directly or indirectly by the number of sales going under your chain. It is simply working as a salesman for another company.
Whoever is taking in favour of questnet, I hope they are IRs of QuestNet.
Can ANY ONE of the IRs publish what is listed in Policies and Procedures of QuestNet in section 4.04, 5.06, 5.07, 10.03, and 11.01 ??
While publishing, please also publish in which country you joined in. Government rules changes country to country, but not company rules.
You can see double standards in QuestNet policies and procedures.
Dear Anonymous,
"How do u call the referral scheme in IT firms? " - you posted this.
Does any IT company impose an OBLIGATION to their employees that they must refer people to their company ?? From which planet do you come from?
Yeah! You misunderstood the concept of referring people in QuestNET. Where, in this blog it is drafted that, every referral is OBLIGED to join the Biz. It’s nothing the way you are thinking. In this Biz no one is OBLIGED to join, but everyone one has got freedom to hear(not to hear), to talk(not to talk), same way it’s up to you and me to accept the Biz. I don’t know which planet you are talking about, but the way you have used the work “OBLIGATION”, I don’t think you are part of this earth.
Bye for now. . . . . JCardozo, QuestNET Associate, GOAINDIA
Hi jay,
Really Thanks a lottttttttttttttttttt
I thought of deserting my business but after going through your excellent blog i have decided that here lies my future.
As you rightly said what if this company is banned.I am the person who will be in fight with any one who dreams of shutting my dreams.
Jay,really speaking i have become a fan of you.
Please, i would like to dine out with you.
You have really added fuel to my fire.
Please come with so many negative thoughts as i pray to GOD to give you good health,which would make me help others who are really in need of money.
Now,that after going through your blog i am making my friends to go through before coming to this business.
Friends,Here is our Lageraho Jaya Bhai.
Please send flowers and pray for him to get well soon.
Cheers MOIN
Its realy nice to see all comments about the GoldQuest.
some are +ve some are -ve, i think every one knows the law of reaction means if there are two side of a single coin. same as for people who thinknig that GoldQuest is fraud or scam bla bla...
there are lots of things in world which had +ve as well as -ve part
its depend on you what you see.
Ok and the part of GoldQuest so please once check out the link...
http://proofs-related-to-goldquest.blogspot.com/
I have a fren who said he will open a cosmetic shop,because he had heard that selling things earn profits.(we all know its true that selling things earns profit.
He got some money from the bank and opened the business.
since he was not the kind of person who would sit in his own shop and sell the things he thought he will hire two assistants.
The two assistants turned out to be useless and lazy.
soon his interest became more than his earnings.
He lost a lot of money.
His father had to make him come out of the loop.
I talked to him once.. he said.. MAN I HEARD THAT SELLING THINGS EARNS U PROFIT.
BUT I SAID,HAVE U PUT ENOUGH WORK TO SELL.. I ASKED... HAVE U REALLY SOLD ANYTHING.. ITS TRUE THAT PEOPLE WHO TELL THAT SELLING THINGS EARN U PROFITS DONT SCAM,THEY ACTUALLY SELL...
YOU WILL BE A LOOSER LIKE IN ANY BUSINESS IN QUESTNET ALSO BUT NOT IF U KNOW TO WORK HARD AND TO SELL..
people we talk about the agony of the last child who is goiung to join in this business.
well i tried to imagine to the largest of my imaginations but i couldn't see wat that childnode will look like or when that unlucky child is going to take birth.
Please if anyone through their sheer intelligence tell me when and how that last child going to arrive.
I dont think anyone would have an answer to this.
If we people are really that much concerened about the last child then instead of focussing our energy on referal marketings or on MLMs lets focuss our energy to stop using PETROL. I can see a child who would not have petrol to use.
LETS ALL NOT USE PETROL ANYMORE WE HAVE ALREADY USED OUR SHARE OF PETROL
ha.. the questnet or should i call it former goldquest only cheat foolish people..... one earn his prohit but what about the other six person..... he can earn that much because the other six have sacrificed their money( so stupid to pay three times more money to buy useless items....)
if u say questnet is good.... i hope u will like to buy as much products as u want.... ya good products...... if u have that much money...
Dear friends
some lazy people simply sitting and blameing others.may be one day the Earth will exploid.So we can'nt take any precuation now.Like that some people thinking 5o years after what happened in questnet or any other business.If you want any business take and earn money.Stop philosophy work hard make money
Dear All,
-If anybody calling quesnet is fraud and illegal , stock market is biggest culprint, why don't u ppl ask that to close down first, stock market is ripping people. questnet atleast paying people who are working and getting sales
- Overpricing - ha ah ha, what is not overpriced today, do u know coke u r drinking the cost of manufacturing, do u know lehar chips cost of manufacturing - why don't u complain on that !
- I think most of people here who are complaing here , who is lost their money in questnet because either they are lazy or do not know how to do this business of questnet, they cup is full dont want to learn
that is all from me
This jayaraj or whoever he is is such a loser in life......i can understand the extreme frustration that must have gone into the creation of this blog..........i think the retard had a quest account and he just sat on it thinking it will reap him rewards without moving his butts, thats why the sorrid disappointment.............buddy if you gave so much against people earning profits by doing respectable marketing why dont you target the cola guys.......because your are too punny to take them on you create a blog to mislead people about the ill effects of doing a perfectly legal business..........i request all visitors on this blog not to opat heed to a loser who has not worked enough to earn his living and is discouraging others who are on their way to financial fredon........i am a proud questnet rep and we are exposed to excellent training sessions to develop marketing skills which include presentations and sales techniques..........i think jayaraj should gey a life and understand the business model of questnet first before commrenting on it.................questnet people carry on the fine tradition of working with pride.....you are on your way to achieving your dreams..............let jayaraj and his future genrations be our slaves..........we need them to serve us
Hi, This is simply cheating and there is no doubt about it. The site claims that Q net has more than 2mn Enterprenuers. And they claim to grow at 100% month on month (it means everyone just needs to get one refferal in one month). So soon there will be one left on the earth to become a qnet member. What a joke.... Even poor, begger, all...all will be qnet member..otherwise the chain wil be stopped... so hey all.. please join qnet... and make everyone's dream successfull.....one thing can be guaranted.. that the organisation (who's director are running against interpol arrest order) and few people will make profit and millions will loose the same. All the best.
Hi All,
In stead of fighting, let us look at certain numbers. Out of 6000 MN people in the world only around 92 MN people have direct access to internet. If we consider 4 people in one family there are close to 23 MN people who will be able to become member of this community. Even if we consider another 23 MN people access computer at their work place or at cyber cafe this number is 46 MN. If 25% of this 46 MN wants to become questnet member then this site can have 11.5MN total members. They claim to have 2 MN members already. If everyone sells to two people they will become 6MN next month and then, oh my god they will start selling to people who does not have access to internet or after that to them, who has never heard of internet and slowly after that to those who leaves below the proverty line because their aim is to make everyone rich. Sooner or later everyone will sell it and no one to buy.
Companys like Questnet or GoldQuest what ever the bloody name is are just to fool innocent people and in return make quick money for them selves. Please do not get fooled by such quacks how have mastered in making fools.So be away from such people and their cheap games.Do not waste your valuable time and hard earned money for such silly and shit stuff.Be wise and careful my dear brothers.
Hi guys !!
I understand this war will never end coz people who have got benifited from the system will always speak in favour of Quest.net but the people who might have failed in any form of MLM will be against this concept. I am with questnet, Its a legal business and company is credible and it has been running successfully in india for more than 7 years now. Its just been 2 months i have been with quest and i am making an income of 11500 per week. This business is only for people who can think outof the box and not for people who dont believe in themselve. This business is all about buliding relation ship and making ur friends growth with, coz your growth depends upon your friends growth. So no one is a failure in this business.
The people who fail in this business are either not committed or they doubt the system or they haveno vision about what there goal is... This business is a best form of team work ... So guys relax - people who are already with us. just keep doing thegood work .. be commited and help your friends .. people who are not part of business.. keep doing what you are doing ....
hi frnz, these all comments are thrash. if u have guds if u have a zeal to earn money no one can stop u. if ur ready the just go on .
Amit Beta Tu To Phas gaya now do one thing make fool of others as some one has done to you and get back your money.Bye Happy fooling dear.
Helloo Salam Namasty All Friends here...?
Quest is a great busniss...I am a proud quester in Afghanistan.
Every busniss has success and defeat... It's belong's to the busnissman works... I am very happy from Questnet. and I think those people who don't know about questnet or they are not a good and failed quester telling negatives otherwise the questers are saying positives and their lives are positive.
I am ready to help everybody if they want more information.
Tanx
hi friends, please see a proper analysis of MLM...http://www.vandruff.com/mlm.html
I do agree with people who are making money out of this business. but try to see it in larger perspective...the sutainability of this concept. you work hard and you get new memberships and you get money...but see the negative impact on your time, relationships and other precious things that you are loosing by getting these easy money...
my dear friends, iam doing good with questnet india...
ask urself....do u need money....u r just selling a product...and generating leads and showing an opportunity to earn
there are ppl of differetn categories...so nothing to worry, its a GREAT business
Do not enter or join Questnet..i've been hit by it...you only lose your relationship with your friends and family...please do not get caught in this scam..you will become a leach and start sucking your near and dear ones..
Those who still blindly believe that QuestNet is legal, visit this link...
Do not join any of the MLM like this..
http://www.dailymirror.lk/2007/05/08/ft/07.asp
Satheesh.J
9945031654
Hi Jeyaraj
We were telling that this would happen one day. Now Goldquest is finished. Company sealed, bank accounts frozen, all top people in Chennai office including the all India Manager Pushpam behing bars. Let me see what the hard core supporters are to say now. Thanks Jeyaraj for this wonderful blog. U saved so many people from joining...Your ardent admirer
The entire plot is described in the most realistic way at http://goldquesttragedy.blogspot.com/
Many people have opened their heart at this blog.There are so many sufferers. It is a small endeavor to increase awareness amongst people and warn them to stay away from such easy money making techniques. These techniques just make your pocket lighter by 30 K. And if that is not a big amount for you, just go ahead and Join Goldquest.
If you have something positive or Negative about Goldquest, discuss it there.
Dear Jayaraj
I think so many people spoken aginst on your good cause. You have done a great job, you have saved so many people money and life.
I dont have any words to express my gratitude.
But I bet after one month again one more company will be openend and again our people start losing thier hard money to some XYZ.... God has to save us
Thanks jairaj.U saved lot of people life.I already said to many people "Questnet" is a cheating company.
One thing Friends.....
Money is not easy to earn....
So don't invest ur money in "Questnet".
Now world knows about "Questnet" business.....
So for GOLDQuest cheated to the tune of 500 crores in India.The chennai based Big Group Mr Ferroskhan with Mr Madhusudanan,Mr Murugesan, Mr Pongopalan eic who cheated Public in Salem Namakkal Atuur Rasipuram Erode Coimbatore were caught by police.Police must make over the cases to CBCID and accept grievences from affected people of Tamilnadu.
Mr DANIEL,CHENNAI
Tamilnadupolice must make over all Goldquest cases to CBCID wing of tamilnadu to study the length and breadth of this case.Chennai based Mr Ferroskhan group are till hiding their earnings inveted in real estates ,jewellary to the tune of 50 croes collected from many districts of Tamilnadu.Police must accept complaints from the affected people of tamilnadu through CBCID branches.GOLDQUEST a chain MNM bussiness comming under money circulation act to be banned in INdia.We have to appreciate the Mr Nanjilkumaran Head of Tamilnadu Police for the action taken to ban this organisation .We thank him once again.
Mrs Nagalakshmi
The BIG Bosses of GOLDQUEST chennai Mr Ferroskhan Group still out of POLICE vision.These peoples have so for collected more than 30 crores in the entire Tamilnadu Mlasiya Singapore etc.
what is the future of QuestNet?
How many are arrested?
Friends here is what I could find out about Questnet through research....
Beware of GoldQuest or QuestNet:
Recently I have been approached by some of my close friends to join GoldQuest(also known as Questnet). GoldQuest is yet another multi-level marketing scheme. GoldQuest/ QuestNet operate under the name “QuestNet LTD” co. . It 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 QuestNet :
According to the dictionary of Quest members world is divided into two types of people, one is Prospect and other is IR (Independent Representative).
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 Quest 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 quest 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 fraud quest 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 Quest. 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, its quest. 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 QuestNet.
• 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 and all (Actually Amway is competitor of QuestNet in this business). 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 Quest 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, they Quest members ask their friend “to join”. If the innocent friend says I would think, would ask mummy, would ask friends, etc., then these Quest 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 15-20k and then take 10-15 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 30k 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.
• My friends would never join : When we both have joined all others will also join. Its just a matter of how the things are explained to them. If I would have told you about the business in 10 mins, about 3 left 3 right 11.5k and 30k investment, you would have also not listened to me. But one should get the clear picture and then only, one would join. So its better that you don’t discuss the business before you get the do’s and dont’s session or else you would spoil your own business.
• 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.
CHENNAI AUG. 21. With the arrest of Goldquest officials in Chennai, where the company’s India headquarters is located, police claimed to have exposed yet another alleged money circulation racket. Over 50 members have filed complaints stating that the company owed around Rs 12 lakhs to them. The arrested persons include Pushpam, a Malaysian citizen of Indian origin and company managing director, Joseph Augustine, accounts executive, and Pushpendra Kumar Shukla, public relations officer.
Source :: http://www.hinduonnet.com/2003/08/22/stories/2003082210240300.htm for this reason they have changed their name to questnet.
Gold Quest is illegal in Srilanka . — GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday.
The Questnet’s MD and his associate have been issued a red alert notice by Interpol and have been arrested by Indonesian police.
If you try to see the details of quest.net domain name through viewwhois. There is no contact information, everything is encrypted. If this is honest company then why they are not showing their identity.
Read this article “Albania under the Shadow of the Pyramids” It is from World Bank official website.
There is a company called Gold Quest chain marketing. One of my friend took me to their office without giving any prior information. There 10 members put e in a closed room and forced to take thier product membership. For this I was asked to pay 30,000Rs. and 450Rs. registration charges. They claimed that if I can get 2 more members I will be paid some bonus amount and as the chain will grow I will be getting more bonus. When I refused to take the membership, they harrassed me for about 4 hours. I was able to escape from there anyhow.
Source:: IndiaComplaints.com.
TEHRAN, Oct. 26–Judiciary Spokesman Jamal Karimi-Rad said Wednesday the Hong Kong-based GoldQuest company has agreed to pay compensations to the government and the people, ISNA reported.
Karimi-Rad added that the company, which has representatives in Iran, has agreed to compensate following the measures of judiciary, which labeled their activities ‘fraudulent’.
Asked if any organization had authorized the company to print coins with Imam Khomeini’s picture on it, Karimi-Rad said the company has not received any authorization and the Center for Publishing Imam’s Works has filed a complaint.
The company offered gold coins and other valuable items via the net, promising the buyers hefty profits in a short period. The government announced that their activities were damaging the economy by causing an outflow of capital.
Subsequently, the judiciary launched an investigation into the case, saying their activities were illegal. Later, a group carrying coins into the country was arrested upon arrival and the coins were found to be counterfeit.
Source :: IranDaily.com
GoldQuest products are collectors items and will show rapid price appreciation.Or so they told their unfortunate victims, claiming 30% or more appreciation for their Princess Diana ??Coin?? The truth, as it is often happens, appears rather less palatable, as an advertisement on ebay testifies. ??Goldquest gentlemens numismatic watch / leather box. Worth P34,000.00. Will sacrifice sale for P23,000.00. Will ship in philippines??. The buyer was trying to sell it for 30% LESS than he paid for it. However, to be doubly certain of a sale, the starting price on the auction was set at P19,500, a little more than half its purchase price. The valuable ?numismatic watch? received no bids.
Source:: ebay
Now, he knows , its time to let you know about the actual game plan. He asks you, if you possess a credit card. If you have already, he advises you to apply for two more. (after all he is your friend and he would never want you to run after him for money). So once the deadline for one credit card approaches, simply transfer the amount to another card. Sounds so easy isnt it? So he already wants you to start cheating. At this point you cant think that even you are on the verge of being cheated.
He then tells you about the investment. He wants you to buy his product for Rs 32000/- . Which includes a Gold coin and a silver one too. . As said by him, “Once you make the payment, you become a member and you are ready to start your own business. And if you are not interested in the coin , you put a post on ebay, you can literally have an auction and the price you can get is upto Rs 40000/- .
You Pay the money!! and its over. You get the coins, now play with them. Try putting them up on ebay and find me one single man who paid more than Rs 8000/- for that.
Me and my friends have suffered from this. Just to warn you about that. the real picture is quite different than they actually present it in front of us.
I request you to learn to say No!! . Dont get pusshed out of the limits. Just say No!
Source:: http://goldquesttragedy.blogspot.com/
Once again I would like to reiterate
Quest.net OR Goldquest OR Questnet is a big Fraud and Scam. Please stay away from it. It will ruin you, your friends and your country. Thirty thousand or 800$ is not a big sum for me but the main point is that Shayam, Ravi, Ashmit and Deepak have lost their good friend. I will never trust these people in this life. Read this BBC report: http://news.bbc.co.uk/2/hi/business/3641100.stm
The report clearly mentions how the goldquest ruined Sri Lanka and their President had to issue a warning. The company is banned in Sri Lanka since then.
Big Finanical loss for the country :: Try to understand this, You pay 800 USD for a 200 USD coin. That means 600 USD goes out of your country . Now, you get commission for every new member. Which means for every new member, 600 USD goes out of your country. Assuming, there are say 100,000 members. Which means 600,00,000 USD go out of your country. This is what creates the economic problem for the country.
Don’t become a victim. Protect other innocent people from this fraud and scam. Please don’t ruin your family and friends. Don’t even attend the quest presentations and seminars.
Therefor I request all Indians not to join this company, this company is 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 !
I recently met with some of these guys. A very persistent acquaintance caught me off guard and I agreed to meet with them.
* It's definitely a very sophisticated pyramid scheme. They go to extraordinary lengths to avoid this word and point to Amway etc as legal MLM networks. (BTW, not many people actually ever make money from such schemes, they just piss off their friends and neighbours by trying to sell them stuff).
* They are currently pushing a stupid plastic disk called "Biodisc." This triggers all kinds of red flags - similar to homeopathy and other quackery. In case you need more information on how to detect quacks, go to quackwatch.org.
Lastly, all questnet defenders here are anonymous. I wonder why.
SC uphelds Madras HC's order of quashing detention of MD of QuestNet India
3/7/2009
The Supreme Court has upheld the Madras High Court order, quashing the detention of Pushpam Appalanaidu, Managing Director, QuestNet India under the Goondas Act.
A bench comprising Mr Justice B N Agrawal and Mr Justice G S Singhvi, upholding the High Court order, maintained that it did not have any ground to interfere with the impugned order.
After the High Court quashed the detention, the Tamil Nadu Police filed an appeal in the apex court, challenging the High Court order.
A division bench of High Court, comprising Mr Justice Elipe Dharma Rao and Mr Justice S Tamizhvaanan quashed the detention, holding that there was a delay in serving the grounds of detention as contemplated under section 8 (1) of the Goondas act.
It said the detention order was passed on May 24 and served on the same day. But the grounds of detention were served only on May 30.
Police arrested Pushpam and six other Questnet company officials under the ‘Ban of MLM and Prize Articles Act’ following complaints from the General public that the company tried to cheat them on the promise of giving them gold coins.
The City Police Commissioner, subsequently detained Pushpam under the Goondas Act.
UNI
http://www.indlawnews.com/NewsDisplay.aspx?B990735B-9E8D-4961-A5B4-0B9B25ECDD85
Post a Comment