GoldQuest aka QuestNet gold scheme (some call it a scam) is the buzz that is taking rounds in Bangalore nowadays. Not that it hasn’t been around, but sounds like it has caught up once again. Last week one of my friend pulled me over for one such meeting where the talented marketers tried to convince me to enroll for this questnet business. I made an attempt to understand this is all about and how it works. After analyzing it thoroughly, it made me wonder how the so called ‘intelligent IT’ folks are falling prey for a vulnerable business model in which QuestNet is operating.
Let me write here on what I mean by vulnerable business model. To become a QuestNet ‘partner’ (business term), one needs to pay about INR 33k. By paying so, you become the privileged owner of a ‘Gold Coin’ of about 6 grams – this costs about INR 6k. They claim to have numismatic value for all the coins that they are giving away. I need to reiterate the actual meaning for numismatic here, refer to wikipedia for more information. Usually, gold coins get high value over a period of time – probably not in the life span of one generation. Also, I did a bit of search on EBay and other internet sites to figure out how much value these questnet coins can fetch. To my surprise, there were neither bidders nor any proof of a successful selling of such a coin. Now the net loss for an individual by becoming ‘business partner’ is INR 27k. Now they propose a multi level marketing (MLM) plan to make up your lost money. This goes something like this – Introduce a couple of people as partners and you attract a commission Rs 1916/- per head. Let us assume you introduced A & B. Now to reclaim your money in the form of commission, ask those 2 folks to introduce another 2 each – say A introduces A1, A2 and B gets in B1, B2. This sequence goes on to get your already paid partnership money in the form of a “Interest free commission”. There is a catch again, one need to keep introducing new people in the counts of 3, 6, 9, 12, 15…. in a group. If anyone fails on either side of the binary tree, progress halts. In turn this cuts short the money you have already paid. Now, let me put it in mathematical form.
This diagram (thanks to Wikipedia) represents what i have explained all this while. It is mathematically proved that the Number of nodes with two children is always less than half the total number of nodes – Well known as ‘Binary Tree Fact’. All the people who enter such a business model at the very early stages are the lucky ones. They will get to spread and introduce new ‘Partners’ to the chain. However, over a period of time this will reach the saturation level. This is very well shown in the diagram. If you observe the Blue circles, they are the one who joined in the early stages. They represent 11.8% percent of overall population while the circles indicated in Red counts to 88.1%. Hence the top 12% gets benefited from this kind of business model while the alarming 88% will be on the losing side. Think twice before you get in to this kind of businesses.
It is up to you to decide on whether you belong to profitable 12% or loss making 88% depending on how you take it to the next level. Why to become a fool by depositing your hard earned money with someone and they try to get it back by putting others in a fix? If you want to lose your friends and start looking at everyone including friends, relatives, co-workers etc., as targets, then this business is for you. Is this justified trap others to get back your own money in the form of commission? It will kill your good relationship with everyone around you, value of which cannot be quantified. No matter how much you make, you need people and time to enjoy in the society. Even in this material world, money is not everything. There is always life beyond making money, at least not at the cost of making others fools too. Think again.. do you really want to get in?
RAG says
Mohan,
Can you please restore the time tag also with comments instead of date only…
Thanks in advance to responding my request.
Kumar says
Dear X-men,
Thanks for your replies. However, the very basic way you are defending itself shows how bad the company is how terribly culled culture this scam company is promoting. Let me write on one point at a time.
1. Why wouldn’t a company make mass announcement? instead it chooses to limit its interaction with an IR. – This too i am assuming since no one has ever claimed that he/she got a response from company. Why doesn’t questnet want to make a transparent communication with public? This avoids lot of confusion to PROSPECTS as well as police would keep away.
2. It pro-actively closed in other parts? Why would a healthy and genuine organization would close? They would keep the doors open to resolve the issues. Instead questnet chooses to SHUTDOWN! wow…
3. Your point 3 and 6 contradict each other. That is another indicator towards a bad business method. again read my point 2 here. why would a legitimate company talk to a group of 20 when complaints are getting filed in thousands?
4. Why would people deviate from strict policies and procedures if it is not greed promoting? why to blame people when the company itself is full of flaws in unethical manners? Why don’t they lay down do’s and dont’s guide on their site to avoid all confusion? Are there any rule for those who promote wrongly to be sentensed?
5. Sorry, don’t simply make claims.. proof is what people look for.
6. dream on… and explore better ways to cheat people.
Seriously, you should be ashamed to come in favor of such a greed promoting business.
Kumar says
Dear X-men,
Thanks for your replies. However, the very basic way you are defending itself shows how bad the company is how terribly culled culture this scam company is promoting. Let me write on one point at a time.
1. Why wouldn’t a company make mass announcement? instead it chooses to limit its interaction with an IR. – This too i am assuming since no one has ever claimed that he/she got a response from company. Why doesn’t questnet want to make a transparent communication with public? This avoids lot of confusion to PROSPECTS as well as police would keep away.
2. It pro-actively closed in other parts? Why would a healthy and genuine organization would close? They would keep the doors open to resolve the issues. Instead questnet chooses to SHUTDOWN! wow…
3. Your point 3 and 6 contradict each other. That is another indicator towards a bad business method. again read my point 2 here. why would a legitimate company talk to a group of 20 when complaints are getting filed in thousands?
4. Why would people deviate from strict policies and procedures if it is not greed promoting? why to blame people when the company itself is full of flaws in unethical manners? Why don’t they lay down do’s and dont’s guide on their site to avoid all confusion? Are there any rule for those who promote wrongly to be sentensed?
5. Sorry, don’t simply make claims.. proof is what people look for.
6. dream on… and explore better ways to cheat people.
Seriously, you should be ashamed to come in favor of such a greed promoting business.
RAG says
@ X-MEN
Sorry to say X-MEN, but i didn’t get any mail from Questnet neither any of my 24-25 friends who were in this business…i am saying “were” because all have decided to QUIT from this bullshit company.
We have called a lot of times to HongKong and singapore office..but all in vain…no one is responding correctly..only transfering phone to one place to another…
You didn’t stated why Andheri office in mumbai is closed? Here was not any problem?
Business : I think business should be termed as Product delivery or cheque delivery…not anyone is doing presentations or whatever…
Can you Explain hot to get encash money from the Q-Account in INR?
Now don’t say buy e-voucher and buy some very cheaper products from the company website.:-)
Ya this company is not un-ethical…but its making peoples unethical like some years before
in some states lottery was banned…Now you will catch the word “Lottery” and will start giving speech that this is not similar to lottery…:-)
RAG says
@ X-MEN
Sorry to say X-MEN, but i didn’t get any mail from Questnet neither any of my 24-25 friends who were in this business…i am saying “were” because all have decided to QUIT from this bullshit company.
We have called a lot of times to HongKong and singapore office..but all in vain…no one is responding correctly..only transfering phone to one place to another…
You didn’t stated why Andheri office in mumbai is closed? Here was not any problem?
Business : I think business should be termed as Product delivery or cheque delivery…not anyone is doing presentations or whatever…
Can you Explain hot to get encash money from the Q-Account in INR?
Now don’t say buy e-voucher and buy some very cheaper products from the company website.:-)
Ya this company is not un-ethical…but its making peoples unethical like some years before
in some states lottery was banned…Now you will catch the word “Lottery” and will start giving speech that this is not similar to lottery…:-)
X-Men says
@ Kumar
1) If this company were to be so genuine, why is it not issuing public interest statements to gain confindence?
The company is sending mails Via e-mail(given while logging) to all the customers IRs about the present issue to gain confidence.
2) Why is that the offices in other parts of India are also closed when only chennai office is raided?
The problem was not only in tamil nadu but also in Karnataka (In febrauary), Kerala, AP. Only in South India there is a problem. QuestNet itself planned to close the office in other parts of South India upto the issue gets resolved.
3) why is that no top leader comes to the rescue of its IRs?
The top leaders are also the IRS and also like other customers. Ya they are helping us by calling in conference with a batch of 20 to 25 people. We are facing only 10% of the pressure of what the top leaders are facing. they are really helping us.
4) If it weren’t a fraud company, why is it not back in business even after 40 days from raid date?
The people and the IRs are still doing the business and we just getting the reference of other customers but not doing any logins & registrations by giving false promises. Even some people are ready to join but we hold them upto the issue gets resolved. The people who are ready and grudge to take any risk factor are still joining.
5) Why is that the gold coins are in Chennai office which were supposed to reach customers directly from Germany?
See my previous scraps…….
6) Why is the scam company not giving away cheques from Head Office in Hong Kong since chennai is closed?
My IRs are getting their money through Q-Accounts. Probably by 15 days of now they are going to receive their comissions through a common point. Yet to get instructions from the top level Management (Company).
@ RAG
Don’t worry you will get the product. The current news is, they released 6 out of 7 people. They had asked 300 questions to MD Pushpam about the presnet issue. Some of the answers are very irrelavant to the cases they had filed. Most of the cases are due to the people (IRS) who followed un ethical practises to lure their own friends. Those friends who wants to hold their relationship instead of filing case against them, they filed case against the company. It seems to be one of My college Friend was lured by his collegue using my name un-ethically and my friend is paying his loan. I approached the same friend some times back but he told “If you put guys under me I will join”. But I neglected. But my same friend was approached by un ethical way through his collegue like “I will put people under you”. But not happened. Most of the cases are similar to like this. For this questNet is not responsible. Only our friends must take the responsibilty. ——————-> All the products are under CBCID custody it seems. May be your product will be under them. Once the issue gets resolved definitely you will get the product. Hope so you are getting regular mails from QN customer care about the present situation.
@ Rajan
This is not the Un-ethical Scheme. The scheme is not teaching “Tell lies to friend”. You have to accept ” It’s un-ethical Friendship……”
@Kalpana
Very truthful fact you had written. I don’t know you and anybody scrappin over here. Last week i completed my 2 yrs of journey in QuestNet. Not earned much but since I followed only ethical way of practise I didn’t trap into problem. But even under me some people followed un-ethical practises eventhough I had given so many instructions. In front of me they are just accepting my leadership for just Name shake. But at the back scence “Who is that bloody idiot who is following only ethical practise, let’s try to do some unethical way.” Why is it happening??? The leader knows the consequences what will happen if we follow unethical practises. But if the followers failed to do so, consequences are bigger and those followers show the hands to Top level people. I can’t come to debate about Building Relationship with you. You had mentioned about 2 leader names. I worked with them continously for the past days. My way of assumption and your way is entirely different.
My leaders never initiate me to leave my current job. My leader asked me “Do you cleared all your debts”, “Do you have atleast 25 lakhs bank balance.”, “Do you have any assets”. Fro all the questions my answer is No. Then why the bloody hell we have to loose our job. “We should not forget where we cam from before.”
Hey, the top level are really responding. They founders of the team has to face nearly 2.75 lakh customers under them. Even handling 3000 customers problem is vry challenging for me. Please go in a proper channel. But don’t expect the committment like before. It will take some time to respond from top people. Torture your upline daily.
X-Men says
@ Kumar
1) If this company were to be so genuine, why is it not issuing public interest statements to gain confindence?
The company is sending mails Via e-mail(given while logging) to all the customers IRs about the present issue to gain confidence.
2) Why is that the offices in other parts of India are also closed when only chennai office is raided?
The problem was not only in tamil nadu but also in Karnataka (In febrauary), Kerala, AP. Only in South India there is a problem. QuestNet itself planned to close the office in other parts of South India upto the issue gets resolved.
3) why is that no top leader comes to the rescue of its IRs?
The top leaders are also the IRS and also like other customers. Ya they are helping us by calling in conference with a batch of 20 to 25 people. We are facing only 10% of the pressure of what the top leaders are facing. they are really helping us.
4) If it weren’t a fraud company, why is it not back in business even after 40 days from raid date?
The people and the IRs are still doing the business and we just getting the reference of other customers but not doing any logins & registrations by giving false promises. Even some people are ready to join but we hold them upto the issue gets resolved. The people who are ready and grudge to take any risk factor are still joining.
5) Why is that the gold coins are in Chennai office which were supposed to reach customers directly from Germany?
See my previous scraps…….
6) Why is the scam company not giving away cheques from Head Office in Hong Kong since chennai is closed?
My IRs are getting their money through Q-Accounts. Probably by 15 days of now they are going to receive their comissions through a common point. Yet to get instructions from the top level Management (Company).
@ RAG
Don’t worry you will get the product. The current news is, they released 6 out of 7 people. They had asked 300 questions to MD Pushpam about the presnet issue. Some of the answers are very irrelavant to the cases they had filed. Most of the cases are due to the people (IRS) who followed un ethical practises to lure their own friends. Those friends who wants to hold their relationship instead of filing case against them, they filed case against the company. It seems to be one of My college Friend was lured by his collegue using my name un-ethically and my friend is paying his loan. I approached the same friend some times back but he told “If you put guys under me I will join”. But I neglected. But my same friend was approached by un ethical way through his collegue like “I will put people under you”. But not happened. Most of the cases are similar to like this. For this questNet is not responsible. Only our friends must take the responsibilty. ——————-> All the products are under CBCID custody it seems. May be your product will be under them. Once the issue gets resolved definitely you will get the product. Hope so you are getting regular mails from QN customer care about the present situation.
@ Rajan
This is not the Un-ethical Scheme. The scheme is not teaching “Tell lies to friend”. You have to accept ” It’s un-ethical Friendship……”
@Kalpana
Very truthful fact you had written. I don’t know you and anybody scrappin over here. Last week i completed my 2 yrs of journey in QuestNet. Not earned much but since I followed only ethical way of practise I didn’t trap into problem. But even under me some people followed un-ethical practises eventhough I had given so many instructions. In front of me they are just accepting my leadership for just Name shake. But at the back scence “Who is that bloody idiot who is following only ethical practise, let’s try to do some unethical way.” Why is it happening??? The leader knows the consequences what will happen if we follow unethical practises. But if the followers failed to do so, consequences are bigger and those followers show the hands to Top level people. I can’t come to debate about Building Relationship with you. You had mentioned about 2 leader names. I worked with them continously for the past days. My way of assumption and your way is entirely different.
My leaders never initiate me to leave my current job. My leader asked me “Do you cleared all your debts”, “Do you have atleast 25 lakhs bank balance.”, “Do you have any assets”. Fro all the questions my answer is No. Then why the bloody hell we have to loose our job. “We should not forget where we cam from before.”
Hey, the top level are really responding. They founders of the team has to face nearly 2.75 lakh customers under them. Even handling 3000 customers problem is vry challenging for me. Please go in a proper channel. But don’t expect the committment like before. It will take some time to respond from top people. Torture your upline daily.
AD says
@Mohan
U ve done a good job Mohan!! I actually saved myself and my friends from falling into it!! My friends are all IT proffessionals and they were actually thinking of joining this business!! Thanks Mohan!! God bless!!
AD says
@Mohan
U ve done a good job Mohan!! I actually saved myself and my friends from falling into it!! My friends are all IT proffessionals and they were actually thinking of joining this business!! Thanks Mohan!! God bless!!
Sadananda says
I agree with rajan. One of my friend too had plans of cheating me the same way. Even he had not joined but was looking for his downliners before joining. Thanks to this blog – helped me to take the right decision at appropriate time.
This business is one kind of friendship and relationship crucifying scam. Better you all be aware of such scammmers and keep away from them.
Sadananda says
I agree with rajan. One of my friend too had plans of cheating me the same way. Even he had not joined but was looking for his downliners before joining. Thanks to this blog – helped me to take the right decision at appropriate time.
This business is one kind of friendship and relationship crucifying scam. Better you all be aware of such scammmers and keep away from them.
kalpana says
networking is not easy money. it is the most difficult profession. any one having a misconception that it is get rich quick scheme, pls go and find out the work schedule of a networker they work 24/7 what a normal employee earns in 10 years a networker can earn in 2 to 3 years the days are condensed not the efforts.
any profession the same rule applied, all the top actors are encashing their youth. once old no market. the same with cricketers before the world cup any stupid ad you will find cricketers, because they know if they dont win world cup no body is going to hire them for ads. so everyone wants to take their share when things look fine. the same with networking when you are young and energetic you can work day and night and have your youth to enjoy with money and time in hand.
Networking looks very easy but it is the most toughest profession and very challanging industry. when the driver is driving the vehicle passangers feels it is very easy but when you start only then you will get to know the difficulties of this industry. networking demands lot of sacrifice.
people who complain networking are the cunning fox mentality ones who say “GRAPES ARE SOUR”
for the last 18 months i have been associated with questnet, i have slogged here like hell for the money what i made. all said and done, business is ethical and company is not fly by night operator. during the crisis, the company should take quick action to resolve the issues. first and foremost mistake quest has committed is when there is no refund clause, why they had to refund to only few. to my knowledge it is only the refunds which has made the situation out of control. in networking, company’s will always face challanges knowing all that only company comes into existense if there is no proper crisis management the customers who trusted and carried the business forward will have the face the odds. do anyone even know what kind of pressure and problems the people at the floor level are facing. initial movers have definitely made huge money and the let the people like me in the front run to face. the called leaders are absconding. with great difficulty, when try to reach the founders of the so called ocean team bloody buggers they dont respond, when we were giving sales they were coming for motivational talks and now hiding in rat holes.
if quest has to again establish itself, first has to settle all the dissatisfied customers and make their compensation plan more lucrative and the entry cost should come down to 1/3rd. otherwise joo bhi bache kuche people also will quit this business.
there are very very good motivational speakers, they have to earn their living by selling their motiviational skills and not by doing quest business.
the concept of flat commission need to be removed
the top earners of india say we should be still sticking onto quest network even when there is zero income. buggers they were giving big big lectures about relationship it is all fake only money making was their business using the name of building relationship. it is simple emotional blackmail. all wrong practices were duplicated and unknown innocent were pulled into the business. when the sales were happening nobody bothered to mention about quality people. when the grass root level leaders were reporting their so called idiotic mentors, they never gave a ear to control they were busy encashing. all the bloody top leaders were luring people to quit their jobs and many have become the scape goats. many people who trusted their mentors advise are in such pathetic condition. they can neither get their quit jobs are do any other networking. even if one or two have taken up any other networking the top leaders humiliate them. everyone has the right to choose and no body should be roped in by force. they talk about loyalty. if that is the case, he (munnawar) should not have ditched his first wife and remarry another gal, here loyality does not play a role. he gives 101 reasons for the divorce and the same holds good for any one everywhere as long as everything is going fine, any one would like to continue the association, when the situation turns hostile and not favaourable only fools will stick and the loyalty program still running minded people will be hanging. the top earner of quest also has left her husband because she did not find the man compatible and she has the freedom to do that. but when it comes to networking the same people talk about loyalty etc which they themselves do not practise.
Each to preach than practice. we bakras use to get highly influenced and motivated by their speeches, now we feel like idiots were being used by these nasty creepy mentality bastards. these people are no less than bhaashan dena wala politicians. talk very sweetly and ditch the people who trusted and believed them.
i have no complaints against quest though there are many loop holes that is the company’s headache to sort it out, but for the leadership. many people join the business on trust, faith and belief
who ever were doing quest are dreading networking. i solely blame the leadership.
kalpana says
networking is not easy money. it is the most difficult profession. any one having a misconception that it is get rich quick scheme, pls go and find out the work schedule of a networker they work 24/7 what a normal employee earns in 10 years a networker can earn in 2 to 3 years the days are condensed not the efforts.
any profession the same rule applied, all the top actors are encashing their youth. once old no market. the same with cricketers before the world cup any stupid ad you will find cricketers, because they know if they dont win world cup no body is going to hire them for ads. so everyone wants to take their share when things look fine. the same with networking when you are young and energetic you can work day and night and have your youth to enjoy with money and time in hand.
Networking looks very easy but it is the most toughest profession and very challanging industry. when the driver is driving the vehicle passangers feels it is very easy but when you start only then you will get to know the difficulties of this industry. networking demands lot of sacrifice.
people who complain networking are the cunning fox mentality ones who say “GRAPES ARE SOUR”
for the last 18 months i have been associated with questnet, i have slogged here like hell for the money what i made. all said and done, business is ethical and company is not fly by night operator. during the crisis, the company should take quick action to resolve the issues. first and foremost mistake quest has committed is when there is no refund clause, why they had to refund to only few. to my knowledge it is only the refunds which has made the situation out of control. in networking, company’s will always face challanges knowing all that only company comes into existense if there is no proper crisis management the customers who trusted and carried the business forward will have the face the odds. do anyone even know what kind of pressure and problems the people at the floor level are facing. initial movers have definitely made huge money and the let the people like me in the front run to face. the called leaders are absconding. with great difficulty, when try to reach the founders of the so called ocean team bloody buggers they dont respond, when we were giving sales they were coming for motivational talks and now hiding in rat holes.
if quest has to again establish itself, first has to settle all the dissatisfied customers and make their compensation plan more lucrative and the entry cost should come down to 1/3rd. otherwise joo bhi bache kuche people also will quit this business.
there are very very good motivational speakers, they have to earn their living by selling their motiviational skills and not by doing quest business.
the concept of flat commission need to be removed
the top earners of india say we should be still sticking onto quest network even when there is zero income. buggers they were giving big big lectures about relationship it is all fake only money making was their business using the name of building relationship. it is simple emotional blackmail. all wrong practices were duplicated and unknown innocent were pulled into the business. when the sales were happening nobody bothered to mention about quality people. when the grass root level leaders were reporting their so called idiotic mentors, they never gave a ear to control they were busy encashing. all the bloody top leaders were luring people to quit their jobs and many have become the scape goats. many people who trusted their mentors advise are in such pathetic condition. they can neither get their quit jobs are do any other networking. even if one or two have taken up any other networking the top leaders humiliate them. everyone has the right to choose and no body should be roped in by force. they talk about loyalty. if that is the case, he (munnawar) should not have ditched his first wife and remarry another gal, here loyality does not play a role. he gives 101 reasons for the divorce and the same holds good for any one everywhere as long as everything is going fine, any one would like to continue the association, when the situation turns hostile and not favaourable only fools will stick and the loyalty program still running minded people will be hanging. the top earner of quest also has left her husband because she did not find the man compatible and she has the freedom to do that. but when it comes to networking the same people talk about loyalty etc which they themselves do not practise.
Each to preach than practice. we bakras use to get highly influenced and motivated by their speeches, now we feel like idiots were being used by these nasty creepy mentality bastards. these people are no less than bhaashan dena wala politicians. talk very sweetly and ditch the people who trusted and believed them.
i have no complaints against quest though there are many loop holes that is the company’s headache to sort it out, but for the leadership. many people join the business on trust, faith and belief
who ever were doing quest are dreading networking. i solely blame the leadership.
Rajan Nair says
this is just the beginning… there is a lot more to come out in many of the cities in india.
one of my good old friend had invited me to join this scheme sometime back and I had rejected his offer to join. last week, i called him back to check how he was doing in the business… this is what he had to say
“I didn’t joined Quest Net (I just told that I joined, so that u will join under me.”
This just shows how unethical and worst kind of scheme it is. This is meant for ruining the relations.
Rajan Nair says
this is just the beginning… there is a lot more to come out in many of the cities in india.
one of my good old friend had invited me to join this scheme sometime back and I had rejected his offer to join. last week, i called him back to check how he was doing in the business… this is what he had to say
“I didn’t joined Quest Net (I just told that I joined, so that u will join under me.”
This just shows how unethical and worst kind of scheme it is. This is meant for ruining the relations.
Rajan Nair says
this is just the beginning… there is a lot more to come out in many of the cities in india.
one of my good old friend had invited me to join this scheme sometime back and I had rejected his offer to join. last week, i called him back to check how he was doing in the business… this is what he had to say
“I didn’t joined Quest Net (I just told that I joined, so that u will join under me.”
This just shows how unethical and worst kind of scheme it is. This is meant for ruining the relations.
Vikram says
@ QAZI ZEESHAN AALI
For ur information those Quest.net Indian representatives are all back to their home cities.
They visit Dubai for around 10-12 days at a stretch, fool people der, make them pay and are back to India.
I belive the next program is scheduled in August, tht will the appropriate time to take the some action …
Vikram says
@ QAZI ZEESHAN AALI
For ur information those Quest.net Indian representatives are all back to their home cities.
They visit Dubai for around 10-12 days at a stretch, fool people der, make them pay and are back to India.
I belive the next program is scheduled in August, tht will the appropriate time to take the some action …
QAZI ZEESHAN AALI says
Hi There! I Want To Open The Eyes and Ears Of The People Who Are Nowdays Victims Of The Quest Net’s So Called Binary Business. Now Days These people are Fooling The Public Of Dubai. There Is A group Of People From India. I Really regret to tell this fact that Our Indians Are Doing This. One Person Named ‘Sunil Saathey’ Is Been Presented In Front Of The Public That He Is Earning $3000 Per Day And he is a champ of dubai nowdays. Some Other People Who Are His Sub Ordinates [Children Of The Tree].
I Can Remember two people’s Names who are hosts of their dirty ass presentations in DOW PALACE HOTEL BURDUBAI.
Ms. Shalini and
Mr. Nikhil
ANY BODY FROM DUBAI OR U.A.E. PLEASE CONCENTRATE. I AM NOW GOING TO FORWARD THEIR SMART BUSINESS TO THE DUBAI POLICE AND THE LAW WILL TAKE CARE OF THEM BUT IF ANYBODY IS BEING BRAIN WASHED NOW, PLEASE STAY BACK FROM THESE GUYS.
AND SPREAD THIS MESSAGE AS FAR AS YOU CAN JUST LIKE THEY ARE DOIN.
QAZI ZEESHAN AALI says
Hi There! I Want To Open The Eyes and Ears Of The People Who Are Nowdays Victims Of The Quest Net’s So Called Binary Business. Now Days These people are Fooling The Public Of Dubai. There Is A group Of People From India. I Really regret to tell this fact that Our Indians Are Doing This. One Person Named ‘Sunil Saathey’ Is Been Presented In Front Of The Public That He Is Earning $3000 Per Day And he is a champ of dubai nowdays. Some Other People Who Are His Sub Ordinates [Children Of The Tree].
I Can Remember two people’s Names who are hosts of their dirty ass presentations in DOW PALACE HOTEL BURDUBAI.
Ms. Shalini and
Mr. Nikhil
ANY BODY FROM DUBAI OR U.A.E. PLEASE CONCENTRATE. I AM NOW GOING TO FORWARD THEIR SMART BUSINESS TO THE DUBAI POLICE AND THE LAW WILL TAKE CARE OF THEM BUT IF ANYBODY IS BEING BRAIN WASHED NOW, PLEASE STAY BACK FROM THESE GUYS.
AND SPREAD THIS MESSAGE AS FAR AS YOU CAN JUST LIKE THEY ARE DOIN.
RAG says
Can anybody tell us what is the update on the case registered against Questnet?
Will we get at least the product? 🙁
RAG says
Can anybody tell us what is the update on the case registered against Questnet?
Will we get at least the product? 🙁
dinesh says
all this things are nonsense.i already trapped in this fraud business so i appeal all other person that do not spend your valuable money into this fraud firm.already 3 months over and i didnot get any coin also.
dinesh says
all this things are nonsense.i already trapped in this fraud business so i appeal all other person that do not spend your valuable money into this fraud firm.already 3 months over and i didnot get any coin also.
Kumar says
Yeah.. that just shows how people are blind folded and using respectable individuals name to promote a scam. Come on wake up guys.
If this company were to be so genuine, why is it not issuing public interest statements to gain confindence?
Why is that the offices in other parts of India are also closed when only chennai office is raided?
why is that no top leader comes to the rescue of its IRs?
If it weren’t a fraud company, why is it not back in business even after 40 days from raid date?
Why is that the gold coins are in Chennai office which were supposed to reach customers directly from Germany?
Why is the scam company not giving away cheques from Head Office in Hong Kong since chennai is closed?
Wake up. stop dreaming about greedy money. Work ethically and earn.
Kumar says
Yeah.. that just shows how people are blind folded and using respectable individuals name to promote a scam. Come on wake up guys.
If this company were to be so genuine, why is it not issuing public interest statements to gain confindence?
Why is that the offices in other parts of India are also closed when only chennai office is raided?
why is that no top leader comes to the rescue of its IRs?
If it weren’t a fraud company, why is it not back in business even after 40 days from raid date?
Why is that the gold coins are in Chennai office which were supposed to reach customers directly from Germany?
Why is the scam company not giving away cheques from Head Office in Hong Kong since chennai is closed?
Wake up. stop dreaming about greedy money. Work ethically and earn.
X-Men says
@ hjp
I am one of the member of QI for the past 2 years. M/s chidambaram is not the legal advisor of the company. But she was once the legal advisor before 2003. This company has also faced the similar issue in 2003 but the plan is entirly different. After that they had changed the plan. Without proper knowledge don’t join the business. She has been once invited for the function for releasing a Medallion for Sivaji prabhu charity Trust. They are just using the photograph and telling she is the legal advisor. That’s not true. For using her name, some of the customers IRs of the company are facing legal problems. Ask you people who invited you not to use her name. Don’t join if you feel un ethical.
X-Men says
@ hjp
I am one of the member of QI for the past 2 years. M/s chidambaram is not the legal advisor of the company. But she was once the legal advisor before 2003. This company has also faced the similar issue in 2003 but the plan is entirly different. After that they had changed the plan. Without proper knowledge don’t join the business. She has been once invited for the function for releasing a Medallion for Sivaji prabhu charity Trust. They are just using the photograph and telling she is the legal advisor. That’s not true. For using her name, some of the customers IRs of the company are facing legal problems. Ask you people who invited you not to use her name. Don’t join if you feel un ethical.
RAG says
@ X_Men
IF QN will be banned in INDIA IRs will do refer in other countries……WHAT NONSENSE……THINK litle practical
Mohan, you are absolutely correct…when these guys have no valid points to talk about after a certain amount of time. They tend to compare themselves with irrelevant examples and nonsense comments…..a height of stupidity…..
RAG says
@ X_Men
IF QN will be banned in INDIA IRs will do refer in other countries……WHAT NONSENSE……THINK litle practical
Mohan, you are absolutely correct…when these guys have no valid points to talk about after a certain amount of time. They tend to compare themselves with irrelevant examples and nonsense comments…..a height of stupidity…..
Chintan says
Hi Mohan,
Very true what you said, why you not posting ant more, there is no point in arguing with QN IRs. And yes your Bolg has indeed helped 100s of people to take the decision (of not joining or quiting).
hjp says
Its really sad to understand the problems faced by people dealing with questnet. I was recently approached by my neighbour to indulge in it, but I am very reluctant to put my hard earned money into such schemes which offer to double or triple the money without much efforts. This is seriously unethical. I was also told that the legal advisor for this company is the great Adv. Mrs. Chidambaram, our finance minister’s better half as put to me. How a lady of this status can support such organisations then ? this remains a BIG QUESTION for me. Or it could be that, this lady may not really be wife of Mr. Chidambaram as been marketed. God save the prospective members of this net. I AM DEFINITLY SEEKING A ANSWER IF ITS REALLY MRS CHIDAMBARAM WHO IS A LEGAL ADVISOR TO THIS CHAIN. CAN ANYBODY ANSWER ???
hjp says
Its really sad to understand the problems faced by people dealing with questnet. I was recently approached by my neighbour to indulge in it, but I am very reluctant to put my hard earned money into such schemes which offer to double or triple the money without much efforts. This is seriously unethical. I was also told that the legal advisor for this company is the great Adv. Mrs. Chidambaram, our finance minister’s better half as put to me. How a lady of this status can support such organisations then ? this remains a BIG QUESTION for me. Or it could be that, this lady may not really be wife of Mr. Chidambaram as been marketed. God save the prospective members of this net. I AM DEFINITLY SEEKING A ANSWER IF ITS REALLY MRS CHIDAMBARAM WHO IS A LEGAL ADVISOR TO THIS CHAIN. CAN ANYBODY ANSWER ???
Ramesh says
Ethical Marketing is required from QuestNet- India
Dear Friend,
Not to say, It is Ethical and Better to deliver the product within a week or latest to the maximum of a fortnight to gain confidence of New IR/ Customer. In my case product has not reached to me even after 6 months still I am doing the business on good faith that it will come some day.
Can any body help me?
The information provided by In Service,(Network Support of Quest.net) often is misleading. They should provide correct information about product delivery to end Customer/ IR rather they inform delivery to chennai office. I enquired with Overnite Express and DHL but the AWB bill no. provided is not correct.thus of no use.
This is very important that the Product delivery should be very fast / ASAP to complete first level of Business transaction with the valued IR/ Customer and to win the confidence back of the company lost due to recent incident and avoid problem.
An ISO certified company should not delay in providing service- ISO Certfication gives most Importance to Customer Satisfaction.
Lets do business with very High Level of Professional Ethics…..
kamal says
hi Mohan u r very right they start deviating away from the topic and in turn start back firing irrelevant questions.
but really want people not to join this . and i know more and people are getting enlightened even big players are upset they are just trying to show a brave face no sign ups nowdays ………no rocking mails come only enzine magzines and all bla bla that e business is picking up. delhi rocksters r fuuuuuuuss. nobody goes for trainings or PMs thand hai aajkal good good want a this only
I request u all plz shoooooooooo the questers offffffff and save your friends and dear ones donot discuss anything with them just donot listen to them some top so called rockstars r paid emloyes of company they r employed to mislead u all thats why they all say to thier IRs that bring ur prospect to system …………so noooooooooooo dont take them to the system save them bas donot do this biz that will be an actual rythm sacrifce ur money if u have reaal y put in and do not let any one join this
kamal says
hi Mohan u r very right they start deviating away from the topic and in turn start back firing irrelevant questions.
but really want people not to join this . and i know more and people are getting enlightened even big players are upset they are just trying to show a brave face no sign ups nowdays ………no rocking mails come only enzine magzines and all bla bla that e business is picking up. delhi rocksters r fuuuuuuuss. nobody goes for trainings or PMs thand hai aajkal good good want a this only
I request u all plz shoooooooooo the questers offffffff and save your friends and dear ones donot discuss anything with them just donot listen to them some top so called rockstars r paid emloyes of company they r employed to mislead u all thats why they all say to thier IRs that bring ur prospect to system …………so noooooooooooo dont take them to the system save them bas donot do this biz that will be an actual rythm sacrifce ur money if u have reaal y put in and do not let any one join this
Mohan says
@RAG
Good question. I haven’t joined questnet and I will NEVER! I had also blogged the reason why I removed some of the posts from my blog, more info @ https://mohanbn.com/important-update/
My intent was to provide people with some good understanding of the business before they join hands with such schemes. Hope I was/am successful in achieving so. The learning I got by this experiment is that
1. There is no point in arguing with people when they are deeply buried into it.
2. They have no valid points to talk about after a certain amount of time. They tend to compare themselves with irrelevant examples.
3. Even if you try to bring them back on to the track, they again start deviating away from the topic and in turn start back firing irrelevant questions.
Hence, there is no point in arguing with them, we simply kill our own time.
Mohan says
@RAG
Good question. I haven’t joined questnet and I will NEVER! I had also blogged the reason why I removed some of the posts from my blog, more info @ https://mohanbn.com/important-update/
My intent was to provide people with some good understanding of the business before they join hands with such schemes. Hope I was/am successful in achieving so. The learning I got by this experiment is that
1. There is no point in arguing with people when they are deeply buried into it.
2. They have no valid points to talk about after a certain amount of time. They tend to compare themselves with irrelevant examples.
3. Even if you try to bring them back on to the track, they again start deviating away from the topic and in turn start back firing irrelevant questions.
Hence, there is no point in arguing with them, we simply kill our own time.
X-Men says
@ Rag
I already mentioned in X-Men | June 16th, 2008 at 11:12 am discussion about customer service. Ya… As you concerned it’s not bad, It’s very very bad by considering only for the gold products and not for other products. We had already put up the issue to higher authorities. Once the chennai case gets solved everything will be solved. Ya!! you are very correct about customer satisfaction. QN growth is very unimaginable in the last 2 years. If you take chennai for customer care, only 5 people are there. Do you think 5 people can hold all the cutomer’s satisfaction?…No. If I gone with one request it is taking 5 hrs of time. This what i mean bad customer service. QN (Head office) is finding the solution for it………. Sudden growth will always leads to some crisis…..
Reg Q-Account ————-> For few days money out is terrible becoz of chennai issue. hope you will understand the situation. Once the issue gets resolved it’s very easy.
X-Men says
@ Rag
I already mentioned in X-Men | June 16th, 2008 at 11:12 am discussion about customer service. Ya… As you concerned it’s not bad, It’s very very bad by considering only for the gold products and not for other products. We had already put up the issue to higher authorities. Once the chennai case gets solved everything will be solved. Ya!! you are very correct about customer satisfaction. QN growth is very unimaginable in the last 2 years. If you take chennai for customer care, only 5 people are there. Do you think 5 people can hold all the cutomer’s satisfaction?…No. If I gone with one request it is taking 5 hrs of time. This what i mean bad customer service. QN (Head office) is finding the solution for it………. Sudden growth will always leads to some crisis…..
Reg Q-Account ————-> For few days money out is terrible becoz of chennai issue. hope you will understand the situation. Once the issue gets resolved it’s very easy.
RAG says
@ MOHAN
Hey dear, Have you also joined QN ?? 🙂 🙂
Now we are not seeing any comments on this from you. Also you have removed all posts related to QN/GQ from your blog???
Surprised !!!!!!!!!!!!!
RAG says
@ MOHAN
Hey dear, Have you also joined QN ?? 🙂 🙂
Now we are not seeing any comments on this from you. Also you have removed all posts related to QN/GQ from your blog???
Surprised !!!!!!!!!!!!!
RAG says
@ X-Men
The whole statement of yours strengthen my statement that
its ONLY A MONEY DRIVEN MLM scheme not PRODUCT driven.
And as i said A MONEY DRIVEN MLM SCHEME can’t withstand a long.
DELL Computers also sell their products via online shopping and they promise to deliver
the product to your doorstep in 21 Working days.Where i live i got the product(DELL Laptop) on 22nd day.
I thing 1 week tolerance could be acceptable.But tolerance of 2 months ??????
Company say 30 days and you are saying 90days ?????
Although people don’t get in 90days also!!!!!
For your information DELL products are also manufactured/assembeled at malaysia after getting
ordered only and then it is shipped to BANGLORE and then to customers.
So a multi billion dollar company shouldn’t have any commitment to their words??????????
Whatever type of marketing companies there should be customer satisfaction…and before being an IR we are customer
of the company…and a customer will satisfy if s/he get his/her product from the company at very right time…
——————————
And about the Quest account: again money IN is very easy…but OUT is terrible
X-Men says
@Harsh Bajaj
I value ur thoughts. QI not comes under pyrmaid scheme. I looks to be pyramid while xplaining the concept. It’s a normal kinda MLM like amway where we can open N muber of legs but with certain norms and conditions. For your information coins are different from Medallions. whatever you had mentioned are Medallions and not come under coins. For every medallions there will be certificate of authenticity you can see inside the box.
About Banning ——> Even India has the rights to ban QN in India but still we can run the business. As an indian you are not permitted to do in India but you can have the referral customer under you as an Australian, USAian, Pakistanian, Srilankan, Iranian… Yes…possible. Bcoz it’s a global business. There is no boundry for you. You can still run the business outside India which is purly legal if you Pay TAX for your income. All the MLM are banned in srilanka becoz of LTTE problem. It’s happened in Iran and Iraq bcoz the Govt thought that it’s a gold selling business. I think you know there is a restrictions in those countries about gold business. Nepal and Bhutan becoz it’s below poverty line. Even if you see at the back side of Credit/Debit card it’s written like “Not authorised to use in Bhutan and Nepal”.
Lastly we can’t run any business without other’s investment either in terms of money, time or efforts. This is purly business. Simple difference in business like selling coke, pepsi the company is taking the risk. For Business like MLM every cutomers are taking the Risk as an enterpreneaur.
X-Men says
@Harsh Bajaj
I value ur thoughts. QI not comes under pyrmaid scheme. I looks to be pyramid while xplaining the concept. It’s a normal kinda MLM like amway where we can open N muber of legs but with certain norms and conditions. For your information coins are different from Medallions. whatever you had mentioned are Medallions and not come under coins. For every medallions there will be certificate of authenticity you can see inside the box.
About Banning ——> Even India has the rights to ban QN in India but still we can run the business. As an indian you are not permitted to do in India but you can have the referral customer under you as an Australian, USAian, Pakistanian, Srilankan, Iranian… Yes…possible. Bcoz it’s a global business. There is no boundry for you. You can still run the business outside India which is purly legal if you Pay TAX for your income. All the MLM are banned in srilanka becoz of LTTE problem. It’s happened in Iran and Iraq bcoz the Govt thought that it’s a gold selling business. I think you know there is a restrictions in those countries about gold business. Nepal and Bhutan becoz it’s below poverty line. Even if you see at the back side of Credit/Debit card it’s written like “Not authorised to use in Bhutan and Nepal”.
Lastly we can’t run any business without other’s investment either in terms of money, time or efforts. This is purly business. Simple difference in business like selling coke, pepsi the company is taking the risk. For Business like MLM every cutomers are taking the Risk as an enterpreneaur.
Harsh Bajaj says
There is a very thin line differentiating a Pyramid Scam and Referral marketing. In my opinion, GQ is a clevrly disguissed Pyramid principle using Referral marketing as disguise.
Pyramid principle is also banned in many countries because only the top layer earns money and the lowest layer always claims to be duped or duped. GQ has disguised both using the concept of products like Numismatics, Vacations etc. But the disguise can be identified by the value for money this products are. I am not sure a product with value of 6K be sold for 35 K. Secondly, import tax of Gold being not paid as mentioned in Times of India article for the reason show cause notices have been issues to ICICI bank. Thirdly, the concept of Numismatic does not hold value as Certificate of authencity (Eg: Hallmark) is not attached to the same. I am still not able to understand, how can 9999 numbers of Mata Vaishno Devi coins, which are also given by Mata Vaishno trust during your visit to Mata’s darbar become Numismatic, without certificate of authenticity.
The business plan mentions about the Financial Independence figure, but I am not able to find any relevant study regarding the same or how the figure is reached.
GQ is banned in Iran, Sri Lanka, Nepal. If somehow, it gets banned in India, then does the company has any plans or policies to refund the money for the lowest level of investors. if so, then the company is a great company to work with, if not, then beware. Because, those lowest level of investors would ask those person who has enrolled them to give the money back. Please refer to few articles in Mouthshut.com regarding the plight of those people, who have enrolled others before GQ was banned in Iran. Network marketing is a very dangerous business because you are referring those people, who have easy access to you and are your near and dear ones.You are simple playing with their trust on you. Take the example of Japan Life. Whatever, the company is doing, but I have not seen any robust plan of action in form of press releases or litigation supporting their method of business except for a few comments in Bernama News. If you give the example of Amway, then please refer to the articles in Newyork times in defence of Amway released by Amway, during the whole proceeding in court or with authorities.
Lastly, you are playing with others money. If you make loss in business or stock market, you yourself is accountable and its your money. Here its other people’s money..
Harsh Bajaj says
There is a very thin line differentiating a Pyramid Scam and Referral marketing. In my opinion, GQ is a clevrly disguissed Pyramid principle using Referral marketing as disguise.
Pyramid principle is also banned in many countries because only the top layer earns money and the lowest layer always claims to be duped or duped. GQ has disguised both using the concept of products like Numismatics, Vacations etc. But the disguise can be identified by the value for money this products are. I am not sure a product with value of 6K be sold for 35 K. Secondly, import tax of Gold being not paid as mentioned in Times of India article for the reason show cause notices have been issues to ICICI bank. Thirdly, the concept of Numismatic does not hold value as Certificate of authencity (Eg: Hallmark) is not attached to the same. I am still not able to understand, how can 9999 numbers of Mata Vaishno Devi coins, which are also given by Mata Vaishno trust during your visit to Mata’s darbar become Numismatic, without certificate of authenticity.
The business plan mentions about the Financial Independence figure, but I am not able to find any relevant study regarding the same or how the figure is reached.
GQ is banned in Iran, Sri Lanka, Nepal. If somehow, it gets banned in India, then does the company has any plans or policies to refund the money for the lowest level of investors. if so, then the company is a great company to work with, if not, then beware. Because, those lowest level of investors would ask those person who has enrolled them to give the money back. Please refer to few articles in Mouthshut.com regarding the plight of those people, who have enrolled others before GQ was banned in Iran. Network marketing is a very dangerous business because you are referring those people, who have easy access to you and are your near and dear ones.You are simple playing with their trust on you. Take the example of Japan Life. Whatever, the company is doing, but I have not seen any robust plan of action in form of press releases or litigation supporting their method of business except for a few comments in Bernama News. If you give the example of Amway, then please refer to the articles in Newyork times in defence of Amway released by Amway, during the whole proceeding in court or with authorities.
Lastly, you are playing with others money. If you make loss in business or stock market, you yourself is accountable and its your money. Here its other people’s money..
X-Men says
@ RAG
From My side I am not giving any false promises.
1) I will put members under you.
2) I will put money for you.
3) Leave you current job, your life will change here.
The above points are only some kinds of false promises.
Why we telling these promise it will take 3 months while product delivery is that…. What happened if there is any problem in flight while the product has been shipped??? What happened if the local courier Blue Dart will get delayed in delivering the product?? Also Blue Dart has the option to deliver the product only to the places where they can deliver. For other places they will deliver through some other couriers. These are some exceptional cases too. For these exceptional case company can’t be responsible. Considering all these we used to tell like atleast 3 months it will take to deliver the product.
As a customer we also know the pain of other cusomters too. We already given all those requests through our higher authorities too. As a token of that, they had announced the Hand Pick up delivery immediately also for one of the Product (Bio-Disc).
Only for Coins, Medallions, Watches and Jewelleries It’s taking too much time.
Reg Q-Accounts——–> Actually this must be the default one every IRS must have but only for India is is not fuunctioning for the past days. This account have only PIN number (Password) and it holds all your commission amount counts, like a normal bank account. As long as you keep your commission will be there, the company must pay interest to you like normal bank accounts.
Two options are there…
1) Using that PIN code you can retrieve those commission amount in the form of commission cheques. As it is default for India there is no need of PIN code, we received cheques directly. after chennai media issue they are now implementing for India also. (For few days it’s not possible because of chennai media issue).
2) Or In the form of E-Cards which can be used for login for new customers. Getting the money from new customers and use your e-cards for them to login. This option is some what dangerous becoz we are getting hard cash. So to make it more legal, We need QN registration form and must be filled by new customer, ID proof dully signed, Agreement letter in favour of you like, it should not lead a problem to you where all the risk (in the sense giving hard cash and he is agreeing to use your e-cards) is taken by new customer and he must sign it. Have one copy with you for the proof.
X-Men says
@ RAG
From My side I am not giving any false promises.
1) I will put members under you.
2) I will put money for you.
3) Leave you current job, your life will change here.
The above points are only some kinds of false promises.
Why we telling these promise it will take 3 months while product delivery is that…. What happened if there is any problem in flight while the product has been shipped??? What happened if the local courier Blue Dart will get delayed in delivering the product?? Also Blue Dart has the option to deliver the product only to the places where they can deliver. For other places they will deliver through some other couriers. These are some exceptional cases too. For these exceptional case company can’t be responsible. Considering all these we used to tell like atleast 3 months it will take to deliver the product.
As a customer we also know the pain of other cusomters too. We already given all those requests through our higher authorities too. As a token of that, they had announced the Hand Pick up delivery immediately also for one of the Product (Bio-Disc).
Only for Coins, Medallions, Watches and Jewelleries It’s taking too much time.
Reg Q-Accounts——–> Actually this must be the default one every IRS must have but only for India is is not fuunctioning for the past days. This account have only PIN number (Password) and it holds all your commission amount counts, like a normal bank account. As long as you keep your commission will be there, the company must pay interest to you like normal bank accounts.
Two options are there…
1) Using that PIN code you can retrieve those commission amount in the form of commission cheques. As it is default for India there is no need of PIN code, we received cheques directly. after chennai media issue they are now implementing for India also. (For few days it’s not possible because of chennai media issue).
2) Or In the form of E-Cards which can be used for login for new customers. Getting the money from new customers and use your e-cards for them to login. This option is some what dangerous becoz we are getting hard cash. So to make it more legal, We need QN registration form and must be filled by new customer, ID proof dully signed, Agreement letter in favour of you like, it should not lead a problem to you where all the risk (in the sense giving hard cash and he is agreeing to use your e-cards) is taken by new customer and he must sign it. Have one copy with you for the proof.
RAG says
@X-MEN
Here are some lines from the P&P :
“. Nothing said by any sales person on our behalf or any person should be understood as variation of these terms and conditions or as an authorized representation about the nature or quality of any products offered for sale by us. Save for fraud or fraudulent misrepresentation, we shall have no liability for any such representation being untrue or misleading.”
So Mr X-men Don’t you are giving false promises?
I know why? bcoz company also knows the cheques will close the voices of IRs….as i said earlies A MONEY DRIVEN MLM SCHEME will never be succeeded over a long time….
Also i am totally not convienced about your clarification about “Cheque Delivery at Right time why not product Delivery????????”
why all the IRs tell only ghisi piti lines?
ok you are talking about Quest account?can we transfer money from this account in our account as easily they get from IRs customer’s creditcard.again buy gif voucher which are so much highly priced that….anyway you know that in well….