Author Avatar

editor

0

Share post:

Bhutan has issued a pyramid scheme fraud alert to QNet.

based on the warning issued by the Office of Consumer Protection on August 26;

A pyramid promotional plan called QNET is run in Bhutan by Vihaan Direct Selling Pvt. Ltd., India.

This plan places a strong emphasis on the ongoing recruiting of new downline members using false information, and commissions are paid out depending more on the recruitment of members than the actual sale of goods.

Furthermore, Bhutan does not provide any significant items outside of certain dubious ones that are sold online.

These unsustainable scams will ultimately fail, and participants won’t get their promised bonuses or even be able to get their money back.

This is consistent with BehindMLM’s evaluation of QNet from December 2017.

Pyramid schemes like QNet are forbidden by Bhutanese legislation.

The Office of Consumer Protection orders all current QNET members and promoters to stop promoting the scheme and adding new downline members right now.

Additionally, the general public is cautioned not to take part in this program.

Bhutanese authorities have already taken action against QNet twice.

The Royal Monetary Authority of Bhutan discovered GoldQuest, QNet’s precursor, to be a pyramid scam back in 2003.

Vijay Eswaran oversees QNet from Malaysia (right). Eswaran conceals QNet’s activities by using front businesses set up in Hong Kong.

Regulations prohibiting QNet have been enforced outside of Bhutan in Afghanistan, Cote d’Ivoire, and India.

The worrying practice of recruiting hostages across Africa is also connected to QNet.

QNet promoters kidnap victims and compel them to find new QNet associates as hostages in hostage recruitment. The act is strongly related to people trafficking and immigration fraud.

The main countries where QNet hostage recruiting has been a problem are Ghana and Liberia.

Ghanaian local authorities have been fighting QNet hostage recruiting for a long time. However, because QNet is supported by the local government, it is challenging to regulate the pyramid scheme.

Locals in Ghana have responded by enforcing the law on their own.

According to SimilarWeb, the top countries sending visitors to QNet’s website right now are India (25%), Vietnam (14%), Turkey (13%), and Australia (9%).

Although QNet has been defrauding customers for years, Eswaran has escaped punishment from authorities in south-east Asia.

NewAge Review - Is a Fraud
EminiFX Review Part 6 - Is a Fraud

Leave a Comment

Your email address will not be published. Required fields are marked *