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?
RRK says
@Chris
Thanks buddy.
Regards,
RRK.
RRK says
@Chris
Thanks buddy.
Regards,
RRK.
Chintan says
@ Chris … Hey congrats dude … hey I read you comment when you asked someone about the process of getting your order canceled .. I am glad it worked .. I guess even I should try the same as you are saying in 12 months the dispute can be raised … One more thing .. which BANK card you used … ??? Are you from Mumbai ?? If yes then I would require more details …
@ X-MAN … I said that Coin is not even of 17k .. and I was not trying to sell the Coin .. I dint even get it yet .. the coin was of my friend and the jeweler is my cousin (who is one of the biggest jeweler in Mumbai and one of the Biggest exporter from India … Want to know anything else ???) .. he is not even interested in buying 6k worth coin my friend … he deals in Millions ..
And as RAG said .. this is the system only making people do this unethical work … you are saying this is my teams fault … but my friends and I have been cheated by our upliners … and they have been trained by their upliners to do this … and so on … so you see … don’t say that I follow ethical business because this business itself is not ethical ..
Ok .. in your presentations do you tell that the coin (99.9% 24k gold coin .. which i have confirmed not true)of 30-32k Rs. is not more than 6k.. And wont get a single bid on ebay after 10yrs also (why cant I see any coins of QN which are 8-10 yrs old on ebay ??? Are they priceless like nobody can afford it!! or something else?? The company has been selling coins since 10yrs right !!! ) … Just accept it .. the coins have no numismatic value .. you guys are not selling the products but the business …
And how come Lotus-Marketing selling this patent product of QN which Bio-Disk ??? Can you please explain ???
Chintan says
@ Chris … Hey congrats dude … hey I read you comment when you asked someone about the process of getting your order canceled .. I am glad it worked .. I guess even I should try the same as you are saying in 12 months the dispute can be raised … One more thing .. which BANK card you used … ??? Are you from Mumbai ?? If yes then I would require more details …
@ X-MAN … I said that Coin is not even of 17k .. and I was not trying to sell the Coin .. I dint even get it yet .. the coin was of my friend and the jeweler is my cousin (who is one of the biggest jeweler in Mumbai and one of the Biggest exporter from India … Want to know anything else ???) .. he is not even interested in buying 6k worth coin my friend … he deals in Millions ..
And as RAG said .. this is the system only making people do this unethical work … you are saying this is my teams fault … but my friends and I have been cheated by our upliners … and they have been trained by their upliners to do this … and so on … so you see … don’t say that I follow ethical business because this business itself is not ethical ..
Ok .. in your presentations do you tell that the coin (99.9% 24k gold coin .. which i have confirmed not true)of 30-32k Rs. is not more than 6k.. And wont get a single bid on ebay after 10yrs also (why cant I see any coins of QN which are 8-10 yrs old on ebay ??? Are they priceless like nobody can afford it!! or something else?? The company has been selling coins since 10yrs right !!! ) … Just accept it .. the coins have no numismatic value .. you guys are not selling the products but the business …
And how come Lotus-Marketing selling this patent product of QN which Bio-Disk ??? Can you please explain ???
Chris says
It took around 35-45 days to resolve the dispute…Initially when i called bank they asked me to settle it directly with merchant(QN). I even tried contacting QN, called almost ALL offices in india and hardly anyone will pick up the phone. Nevertheless i had to push these bank guys to send me a dispute form. This process is called “Chargeback” unfortunately very few ppl are aware of this.
And i think upto 12 months you can dispute the transaction and not 60 days….
NOTE: When you call up the credit card bank clearly specify that you want to dispute against merchant and not bank, most of the bank executives get confused with it and they will immediately shrug off, better ask for “Chargeback”….
cheers….
Chris says
It took around 35-45 days to resolve the dispute…Initially when i called bank they asked me to settle it directly with merchant(QN). I even tried contacting QN, called almost ALL offices in india and hardly anyone will pick up the phone. Nevertheless i had to push these bank guys to send me a dispute form. This process is called “Chargeback” unfortunately very few ppl are aware of this.
And i think upto 12 months you can dispute the transaction and not 60 days….
NOTE: When you call up the credit card bank clearly specify that you want to dispute against merchant and not bank, most of the bank executives get confused with it and they will immediately shrug off, better ask for “Chargeback”….
cheers….
RRK says
@X-Men,
As far as I know its not in hands of Credit card banks. Merchant(QN) has to agree for reverting transaction. If it does happen, is it for all transactions where IR didnt get product(and commision) ?? Or only for transaction which happenned within 90 days?? Thanks a lot.
Regards,
RRK.
RRK says
@X-Men,
As far as I know its not in hands of Credit card banks. Merchant(QN) has to agree for reverting transaction. If it does happen, is it for all transactions where IR didnt get product(and commision) ?? Or only for transaction which happenned within 90 days?? Thanks a lot.
Regards,
RRK.
X-Men says
@RRK
It’s mentioned in Dispute form like
? Not received the goods / services expected by ______________________(dd/mm/yy)
As per I enquired with the customer care, they replied, “They will investigate about the transaction details that we had raised the dispute. If it matches with the resques, they will immediately revert the transaction.
RRK says
@X-Men
Is it true?? Is it has to be within 90 days??As RAG told credit card banks can’t revert transaction. It needs approval from mercahnt i.e. QN.
@Chris
When did you get cash back??
Regards,
RRK.
RRK says
@X-Men
Is it true?? Is it has to be within 90 days??As RAG told credit card banks can’t revert transaction. It needs approval from mercahnt i.e. QN.
@Chris
When did you get cash back??
Regards,
RRK.
X-Men says
This is the dispute form I got from Standard Chartered Bank. Like this I also got from HDFC bank also. While enquiring to customer care please don’t use the word reverse the transaction. Instead use the word Disputing the transacion……….
ANNEXURE 2
Dispute Declaration Form ATTN: _________________
FAX TO: __________________
Transaction Date Merchant Name Reference Number Amount(Rs)
I dispute the above mentioned transaction(s) for the following reason:
? I have not participated or authorised the above transaction. The card was in my possession at all times
? Duplicate Billing
? Unauthorized Internet / Mail Order transaction
? Cash not dispensed in the ATM / Did not use the Card to withdraw cash
? The Merchant did not process the credit / refund as agreed – ( Attach credit slip / refund note )
? Paid by other means (Attach cash bill / cheque / other credit card statement / any other proof)
? Cancelled Membership / Subscription / Booking (Attach cancellation letter / provide cancellation details)
? Not received the goods / services expected by ______________________(dd/mm/yy)
? The transaction amount was Rs.___________ but the merchant has debited for Rs._________
? Participated in only one transaction at the Merchant outlet but have been debited more than once(Provide details / copy of the accepted charge)
Others (Please explain in detail, if it is not mentioned above)
Declaration: I hereby confirm that the information mentioned above is true to the best of my knowledge
Card Number
Cardholder’s Name
Signature
Date
(The duly filled form should be returned within 4 days from date of receipt of the form)
1.1.1 Phone: _______________________, Mobile: ________________________, Fax: _______________________
PLEASE SEND THE CLEAR COPY OF THE FRONT & BACK OF THE CARD ALONG WITH THIS FORM
X-Men says
This is the dispute form I got from Standard Chartered Bank. Like this I also got from HDFC bank also. While enquiring to customer care please don’t use the word reverse the transaction. Instead use the word Disputing the transacion……….
ANNEXURE 2
Dispute Declaration Form ATTN: _________________
FAX TO: __________________
Transaction Date Merchant Name Reference Number Amount(Rs)
I dispute the above mentioned transaction(s) for the following reason:
? I have not participated or authorised the above transaction. The card was in my possession at all times
? Duplicate Billing
? Unauthorized Internet / Mail Order transaction
? Cash not dispensed in the ATM / Did not use the Card to withdraw cash
? The Merchant did not process the credit / refund as agreed – ( Attach credit slip / refund note )
? Paid by other means (Attach cash bill / cheque / other credit card statement / any other proof)
? Cancelled Membership / Subscription / Booking (Attach cancellation letter / provide cancellation details)
? Not received the goods / services expected by ______________________(dd/mm/yy)
? The transaction amount was Rs.___________ but the merchant has debited for Rs._________
? Participated in only one transaction at the Merchant outlet but have been debited more than once(Provide details / copy of the accepted charge)
Others (Please explain in detail, if it is not mentioned above)
Declaration: I hereby confirm that the information mentioned above is true to the best of my knowledge
Card Number
Cardholder’s Name
Signature
Date
(The duly filled form should be returned within 4 days from date of receipt of the form)
1.1.1 Phone: _______________________, Mobile: ________________________, Fax: _______________________
PLEASE SEND THE CLEAR COPY OF THE FRONT & BACK OF THE CARD ALONG WITH THIS FORM
RAG says
@ X-men..
I appreciate for your suggestion…
But are you pointing to Bank’s customer care in your point 1.
I have just called HDFC and ICICI both credit card cust care.(For me and my friends)..they are saying they can’t do any such reverse on anycase from their side. Only the other side ie. merchant can do the reverse transaction.
And as i told we are not getting response from company.
Can you please be little more elaborative on this process???
RAG says
@ X-men..
I appreciate for your suggestion…
But are you pointing to Bank’s customer care in your point 1.
I have just called HDFC and ICICI both credit card cust care.(For me and my friends)..they are saying they can’t do any such reverse on anycase from their side. Only the other side ie. merchant can do the reverse transaction.
And as i told we are not getting response from company.
Can you please be little more elaborative on this process???
X-Men says
@RAG
You correctly said RAG!! We are having all the training videos with us. But you are mentioning only about RULE 3. You can sign up any person for this business. At the same time you have to understood that “You can’t follow the same strategy to all the types of people”. It is very risky and dangerous to follow the same strategy. These are already mentioned in so many trainings. We watched closely 46 trainings (Video + live conference).
Each and every training teach us “How to do business with different kinds of people??”. If we follow the same strategy we will fail. Like chris said another way of getting your money back is
(Note: If you don’t receive the product as well as if you are not qualified for any comissions)
1) If suppose you had joined the business using credit card, Please call the customer care and raise a dispute.
2) They will send a dispute declaration form.
3) Mention the Transaction date, time, amount to be disputed, merchant name in those form. Tick the reason that “As per the company promised I didn’t receive the product on the delivery date”.
4) Attach the QuestNet receipt, Company P&P( mentioning produt delivery section) along with the dispute form and send it to the bank.
5) In the next bill the bank will revert the transaction.
(Note: Please do it immediately, This is applicable only for the people who joined the business using credit card for those who didn’t recive the product yet)
@Mohan
I am vey sure about the mother company and I already aware of all the news about Lotus markting buddy. But I mentioned some body has given wrong information like the site of the company is http://lotus-mktg.com/….. while googling it apart from “V” info, I am seeing only blogs.
X-Men says
@RAG
You correctly said RAG!! We are having all the training videos with us. But you are mentioning only about RULE 3. You can sign up any person for this business. At the same time you have to understood that “You can’t follow the same strategy to all the types of people”. It is very risky and dangerous to follow the same strategy. These are already mentioned in so many trainings. We watched closely 46 trainings (Video + live conference).
Each and every training teach us “How to do business with different kinds of people??”. If we follow the same strategy we will fail. Like chris said another way of getting your money back is
(Note: If you don’t receive the product as well as if you are not qualified for any comissions)
1) If suppose you had joined the business using credit card, Please call the customer care and raise a dispute.
2) They will send a dispute declaration form.
3) Mention the Transaction date, time, amount to be disputed, merchant name in those form. Tick the reason that “As per the company promised I didn’t receive the product on the delivery date”.
4) Attach the QuestNet receipt, Company P&P( mentioning produt delivery section) along with the dispute form and send it to the bank.
5) In the next bill the bank will revert the transaction.
(Note: Please do it immediately, This is applicable only for the people who joined the business using credit card for those who didn’t recive the product yet)
@Mohan
I am vey sure about the mother company and I already aware of all the news about Lotus markting buddy. But I mentioned some body has given wrong information like the site of the company is http://lotus-mktg.com/….. while googling it apart from “V” info, I am seeing only blogs.
RRK says
@RAG,
*You must have listebed to bloody V-team and Pathman’s so called motivational tapes and RULE 3.
Ans: Ya,I have watched dvd. Buddy, its clearly informed to all in my team not follow RULE 3 and ACT 48 which doesn’t suit to our society. It may work out in Malasia or UK whr people are much exposed to NM and business can still run between strangers, but it doesn’t work out in India.
See buddy, even OCEAN leaders have said “take a woth to change 10 people’s life before you die”. Why people wont follow it?? Its human psyche to point out -ves in everything. We are matured enough to judge whts right and no one is blindfoled.
I may not have earned much from QN. I just took +ves from it, its platform which has given me lots of freinds with entrepreneur skills. Its touch to get freinds who stand with you when your eyes are wetted wit tears.
Anyways, thanks buddy.
Regards,
RRK.
RRK says
@RAG,
*You must have listebed to bloody V-team and Pathman’s so called motivational tapes and RULE 3.
Ans: Ya,I have watched dvd. Buddy, its clearly informed to all in my team not follow RULE 3 and ACT 48 which doesn’t suit to our society. It may work out in Malasia or UK whr people are much exposed to NM and business can still run between strangers, but it doesn’t work out in India.
See buddy, even OCEAN leaders have said “take a woth to change 10 people’s life before you die”. Why people wont follow it?? Its human psyche to point out -ves in everything. We are matured enough to judge whts right and no one is blindfoled.
I may not have earned much from QN. I just took +ves from it, its platform which has given me lots of freinds with entrepreneur skills. Its touch to get freinds who stand with you when your eyes are wetted wit tears.
Anyways, thanks buddy.
Regards,
RRK.
Mohan says
@ X-Men,
This is my reply to your comment #181. Why do you google when you have all the info on your own +ve promoting sites like this – http://www.the-v.net/event/country.asp?monthme=10&id=16 So are we clear now on the fact that lotus mktg is/was launched by mother company?
Do you understand what it means? You want me to explain more? Now don’t tell me that the-v is also giving false information. You still have a long way to learn the actual facts about this company dude. Take your time. It is understandable that not every one can gain all the knowledge in the world at one shot.. Anyways.. there is no point in discussing with the people who know hardy any truth. All the best in your quest of cheating others money to make up for your loss.
Mohan says
@ X-Men,
This is my reply to your comment #181. Why do you google when you have all the info on your own +ve promoting sites like this – http://www.the-v.net/event/country.asp?monthme=10&id=16 So are we clear now on the fact that lotus mktg is/was launched by mother company?
Do you understand what it means? You want me to explain more? Now don’t tell me that the-v is also giving false information. You still have a long way to learn the actual facts about this company dude. Take your time. It is understandable that not every one can gain all the knowledge in the world at one shot.. Anyways.. there is no point in discussing with the people who know hardy any truth. All the best in your quest of cheating others money to make up for your loss.
RAG says
@X-Men
Sorry but the QN Motto comment was not for you, it was for Mohan.
As you are well aware of QN web portal..just go to register a new IR..See in drop down menu
for countries. Here you can choose Afganistan, SriLanka,Nepal, etc etc where this company
is BANNED (obviously QN/GQ was harming these countries otherwise which country will reject
a devloping company)….so you still can refer to these countries as yesrs before…now if
some will refer to these countries you will say it was his fault 🙂 …. company to doodh
ki dhuli hai….
You must have listebed to bloody V-team and Pathman’s so called motivational tapes.
In one tape they were promoting there RULE3…and during this they said: present your plan
to everybody you knows…your parents…family members…neighbours…friends…collegues..
.your taxi driver…your barber..your watchman…your gatekeeper…your liftman…your maid…your milkman…etc..etc..etc..
Now one can understand easily what actually they want !!!!!!!!!!!!!!!!
(If you have not that video write your email address..i will send that to you)…
I don’t think only peoples of chennai or whatever are responsible for the crisis…all
they are invoked for the same…. and this is very comman behaviour of these type of NM/MLM
companies ….
It’s just like cigerette company prints warning on their product :
………CIGARETTE SMOKING IS INJURIOUS TO HEALTH………
RAG says
@X-Men
Sorry but the QN Motto comment was not for you, it was for Mohan.
As you are well aware of QN web portal..just go to register a new IR..See in drop down menu
for countries. Here you can choose Afganistan, SriLanka,Nepal, etc etc where this company
is BANNED (obviously QN/GQ was harming these countries otherwise which country will reject
a devloping company)….so you still can refer to these countries as yesrs before…now if
some will refer to these countries you will say it was his fault 🙂 …. company to doodh
ki dhuli hai….
You must have listebed to bloody V-team and Pathman’s so called motivational tapes.
In one tape they were promoting there RULE3…and during this they said: present your plan
to everybody you knows…your parents…family members…neighbours…friends…collegues..
.your taxi driver…your barber..your watchman…your gatekeeper…your liftman…your maid…your milkman…etc..etc..etc..
Now one can understand easily what actually they want !!!!!!!!!!!!!!!!
(If you have not that video write your email address..i will send that to you)…
I don’t think only peoples of chennai or whatever are responsible for the crisis…all
they are invoked for the same…. and this is very comman behaviour of these type of NM/MLM
companies ….
It’s just like cigerette company prints warning on their product :
………CIGARETTE SMOKING IS INJURIOUS TO HEALTH………
Chris says
Hey guys…i was member of QN (greedness, hopes got me in :()…then i think Mohan or some else here suggested me to contact credit card company for cashback…i did raised dispute…and guess what i got my money back…Hurraay….i m outta it and NEVER NEVER going to go for such schemes again in my life…Mohan, thanks…..you are doing a awesome job…cheers….
Chris says
Hey guys…i was member of QN (greedness, hopes got me in :()…then i think Mohan or some else here suggested me to contact credit card company for cashback…i did raised dispute…and guess what i got my money back…Hurraay….i m outta it and NEVER NEVER going to go for such schemes again in my life…Mohan, thanks…..you are doing a awesome job…cheers….
X-Men says
Yep I am really following QN Motto. The informtions (+ve and -ve) and awareness about QuestNet is going to help here for those Questers who is reading the blog either to QUIT or Continue. Good to continue. Too good to quit.
Smiling is not the proof here buddy. I am asking the Proofs that whether the QuestNet is promoting these systems. Never ever buddy…Only people created own system like this………………..If you are saying about product delivery concerns, It’s acceptable, genuine and it’s Questnet’s head ache to solve this issue. After reading all the comments especially on complaints you can’t even seggregate which is genuine and not genunie……….:-) 🙂 :-). The unethical systems was promoted only through our own BULL SHIT friends. Why won’t we lodge complaint on our friends who followed unethical practises rather than complaint against the company??? Bcoz everybody bother about the personal relationship………..
X-Men says
Yep I am really following QN Motto. The informtions (+ve and -ve) and awareness about QuestNet is going to help here for those Questers who is reading the blog either to QUIT or Continue. Good to continue. Too good to quit.
Smiling is not the proof here buddy. I am asking the Proofs that whether the QuestNet is promoting these systems. Never ever buddy…Only people created own system like this………………..If you are saying about product delivery concerns, It’s acceptable, genuine and it’s Questnet’s head ache to solve this issue. After reading all the comments especially on complaints you can’t even seggregate which is genuine and not genunie……….:-) 🙂 :-). The unethical systems was promoted only through our own BULL SHIT friends. Why won’t we lodge complaint on our friends who followed unethical practises rather than complaint against the company??? Bcoz everybody bother about the personal relationship………..
RAG says
@X-Men
Being a customer of QN(i don’t want to call IR or independent representative of this fraud company) for more than a quarter we all know what are the answers of your question…..
Here is proof:
2003–> 50 Complains
2008–> 25000 Complains and it will be much more as fire is now about to spread in mumbai also
2009–> Guess ?????
2010–> 🙂 🙂
……
……
Its the system 🙂
I think mohan can also answer you very well.
Mohan please drop your inputs as well.
Really you only are following QN motto: Raised YourSelf To Help Mankind
RAG says
@X-Men
Being a customer of QN(i don’t want to call IR or independent representative of this fraud company) for more than a quarter we all know what are the answers of your question…..
Here is proof:
2003–> 50 Complains
2008–> 25000 Complains and it will be much more as fire is now about to spread in mumbai also
2009–> Guess ?????
2010–> 🙂 🙂
……
……
Its the system 🙂
I think mohan can also answer you very well.
Mohan please drop your inputs as well.
Really you only are following QN motto: Raised YourSelf To Help Mankind
X-Men says
@RAG
You will never realize that its the SYSTEM that creates such peoples!!!!!
Dear Friend
Is it the SYSTEM what defined in QuestNet??
1) “Go, tell lies and sign up the people”.
2) “Cheat your friend”.
3) “Go and follow Unethical practises”.
4) “Don’t learn anything, just promote the business blindly”.
5) “Be an IR, sit quiet, money will flow out in your bank”.
If so, show us the proof.
Company is not responsible if some peopl created Own system like this…..
Myself responsible for my money as well as my team member’s money. If I don’t have the sufficient research and concerns, I don’t have to share all the info about QuestNet here.
I had googled already about Lotus, Still I see only blogs about Lotus marketing…….. Same debates like this. Somebody non-quester has given false information about Lotus as well as the below site http://lotus-mktg.com/. Not even working.
As you said….. Don’t get brainwashed….Do your research…
Please don’t see the pages having -ves just blindly having only -ves in your mind. Read the +ve side also friend…………
X-Men says
@RAG
You will never realize that its the SYSTEM that creates such peoples!!!!!
Dear Friend
Is it the SYSTEM what defined in QuestNet??
1) “Go, tell lies and sign up the people”.
2) “Cheat your friend”.
3) “Go and follow Unethical practises”.
4) “Don’t learn anything, just promote the business blindly”.
5) “Be an IR, sit quiet, money will flow out in your bank”.
If so, show us the proof.
Company is not responsible if some peopl created Own system like this…..
Myself responsible for my money as well as my team member’s money. If I don’t have the sufficient research and concerns, I don’t have to share all the info about QuestNet here.
I had googled already about Lotus, Still I see only blogs about Lotus marketing…….. Same debates like this. Somebody non-quester has given false information about Lotus as well as the below site http://lotus-mktg.com/. Not even working.
As you said….. Don’t get brainwashed….Do your research…
Please don’t see the pages having -ves just blindly having only -ves in your mind. Read the +ve side also friend…………
RAG says
@X-Men
You may be a very good leader but at extremely wrong place…
How did you forgot my comments….as i told there are thousands of so called IRs in mumbai and other cities as well…Only chennai people are not facing this issue…And again again and again blaming people ONLY…
You will never realize that its the system that creates such peoples…
Company is not responding to our concerns….who will respond…you??…no you can’t bcoz you can’t…:-)…You should be shameful on calling yourself representative of such fraud company….
What your V-team do…only motivate or can be said do brain wash to do Sign-up,Sign-up,Sign-up,Sign-up and Sign-up…they have no interest in selling their products…The all business you are talking about is only illusionary words only and this fact is known by all IRs…
And left is lotus marketing…anybody..just do googling and u will found out the reality behind it …..no need to listen to anyone….Don’t get brainwashed….Do your research…
X-Men says
@Chintan
I am not avoiding to answer. The COIN is pure 24K. I am 1000% guarantee that the jewellery is taking advantage and trying to cheat you. I will prove it anywhere. Ok, I won’t go into the topic.
The IRs tell people not to go and check the purity of the coins !! That will affect the numismatic (which was / is / will never there) value of it !!!————> I am also an IR, Our team never promote like this. It’s not our mistake. May be it’s your team’s mistake!!!!!!
For your information before 2003 in “India” it was GoldQuest International Limited. They were selling only gold coins. Before 2003 they used to sell only coins for 45000 to 55000 for a 10g to 12g coin respectively. After 2003 they sell coins for 23000 to 33000 for a 3g to 6g Coin respectively.
After 2003 they changed the name to QuestNet Enterprises India Pvt.Ltd. Why is it Enterprises so??? In India they included products from subsidary companies like Jewellers & Watches (Qatana), Bikes (Quest Kine from Kinetic in 2005-2006), Vacations Packages (QVI) along with Coins (GQI), Bio-Disc (Amezcua Recently included). See also below some of the subsidaries not included only for Indian market still before and after 2003.
1) Bonvo.com (Flight travel packages)—> You can managege your UVs either L/R depends upon the distance you are travelling.
2) Quest Strategies—-> Mutual Funds and Insurance. UVs can be managed based upon premiums you are paying.
3) Caller Cards—–> Multi level commissions based upon the usage by your downlines.
4) Quest Technologies——> Networks and communication services with the products from Pireli mobiles and Cisco Systems.
So, all these susidaries grouped together as one Enterprises and whatever the marketing happens through http://www.quest.net are named as QuestNet. QuestNet is a subsidary of QI group of companies. Along with QuestNet The “V”(Event Management team) is also a subsidary of QI group.
Company didn’t change the name of Gold Quest International Limited. It’s your wrong interpretation. In chennai they are still operating Gold Quest International Limited and it’s gets sealed again for the present case.
—————————————————————————-Are you trying to say that in 2003 only 500 people were cheated ??? And if this time .. 25k people are complaining , you think all 25k people will get their money back ??? I don’t want to go past. Whatever the explanations I am going to give you won’t be satisfied and end with only debate. Taking 25K people now.
a) The case starts with complaints from 2 people.
b) The company got shut down by the police and published all the -ves about QuestNet in the media. Now what about the people who just started the business, the people who got the money back and not giving service to the downlines, the people who just put money and sitting quiet and lastly “THE PEOPLE WHO WERE CHEATED BY THEIR OWN FRIENDS AND ILLEGEL PROMOTION OF THE BUSINESS BY THE SELFFISH MOTIVE PEOPLE”.
c) If the company got shut down how can they deliver products to the people who just joined recently. Becoz all the products which are supposed to reach the customers are seized by the police. Out of 25K complaints most of the compalints are related to Product Delivery Concerns. The company promised once the case got over they will settle these issues.
d) The complaints from the people who were affected by un-ethical practises are acceptable. For that the company will definitely give the money back and in 2003 for those customers only the company return the money back.
e) Some complaints are from people who just taken the money back (Left the business for a long time) using friends as their downlines and now to hide their faces from the business they are just loggin the complaint like “This is a frusd company. I want my money and my friend’s money back”. These cases are published in newspapers in “Deccan Chronicle” and the Police clearly said they are not going to consider these cases.
f) Some complaints are from the people who had taken the business long back (6 months to one and a half year back) for the sake of friends, got the product also. Just for the satisfaction they are giving complaints to take the money back. Those cases are not going to consider by the police.
g) The investigation is going on only for the remaining cases (point d) that I metnioned lastly as “THE PEOPLE WHO WERE CHEATED BY THEIR OWN FRIENDS AND ILLEGEL PROMOTION OF THE BUSINESS BY THE SELFFISH MOTIVE PEOPLE”.
My friend In srilanka also the crisis happened in 2003 only. It’s not Rythm marketing It’s Lotus marketing. It’s recenlty launched few months back only by the “V”.!!! Please don’t give wrong infomations and don’t add too much negatives. Analyse in all the directions.
X-Men says
@Chintan
I am not avoiding to answer. The COIN is pure 24K. I am 1000% guarantee that the jewellery is taking advantage and trying to cheat you. I will prove it anywhere. Ok, I won’t go into the topic.
The IRs tell people not to go and check the purity of the coins !! That will affect the numismatic (which was / is / will never there) value of it !!!————> I am also an IR, Our team never promote like this. It’s not our mistake. May be it’s your team’s mistake!!!!!!
For your information before 2003 in “India” it was GoldQuest International Limited. They were selling only gold coins. Before 2003 they used to sell only coins for 45000 to 55000 for a 10g to 12g coin respectively. After 2003 they sell coins for 23000 to 33000 for a 3g to 6g Coin respectively.
After 2003 they changed the name to QuestNet Enterprises India Pvt.Ltd. Why is it Enterprises so??? In India they included products from subsidary companies like Jewellers & Watches (Qatana), Bikes (Quest Kine from Kinetic in 2005-2006), Vacations Packages (QVI) along with Coins (GQI), Bio-Disc (Amezcua Recently included). See also below some of the subsidaries not included only for Indian market still before and after 2003.
1) Bonvo.com (Flight travel packages)—> You can managege your UVs either L/R depends upon the distance you are travelling.
2) Quest Strategies—-> Mutual Funds and Insurance. UVs can be managed based upon premiums you are paying.
3) Caller Cards—–> Multi level commissions based upon the usage by your downlines.
4) Quest Technologies——> Networks and communication services with the products from Pireli mobiles and Cisco Systems.
So, all these susidaries grouped together as one Enterprises and whatever the marketing happens through http://www.quest.net are named as QuestNet. QuestNet is a subsidary of QI group of companies. Along with QuestNet The “V”(Event Management team) is also a subsidary of QI group.
Company didn’t change the name of Gold Quest International Limited. It’s your wrong interpretation. In chennai they are still operating Gold Quest International Limited and it’s gets sealed again for the present case.
—————————————————————————-Are you trying to say that in 2003 only 500 people were cheated ??? And if this time .. 25k people are complaining , you think all 25k people will get their money back ??? I don’t want to go past. Whatever the explanations I am going to give you won’t be satisfied and end with only debate. Taking 25K people now.
a) The case starts with complaints from 2 people.
b) The company got shut down by the police and published all the -ves about QuestNet in the media. Now what about the people who just started the business, the people who got the money back and not giving service to the downlines, the people who just put money and sitting quiet and lastly “THE PEOPLE WHO WERE CHEATED BY THEIR OWN FRIENDS AND ILLEGEL PROMOTION OF THE BUSINESS BY THE SELFFISH MOTIVE PEOPLE”.
c) If the company got shut down how can they deliver products to the people who just joined recently. Becoz all the products which are supposed to reach the customers are seized by the police. Out of 25K complaints most of the compalints are related to Product Delivery Concerns. The company promised once the case got over they will settle these issues.
d) The complaints from the people who were affected by un-ethical practises are acceptable. For that the company will definitely give the money back and in 2003 for those customers only the company return the money back.
e) Some complaints are from people who just taken the money back (Left the business for a long time) using friends as their downlines and now to hide their faces from the business they are just loggin the complaint like “This is a frusd company. I want my money and my friend’s money back”. These cases are published in newspapers in “Deccan Chronicle” and the Police clearly said they are not going to consider these cases.
f) Some complaints are from the people who had taken the business long back (6 months to one and a half year back) for the sake of friends, got the product also. Just for the satisfaction they are giving complaints to take the money back. Those cases are not going to consider by the police.
g) The investigation is going on only for the remaining cases (point d) that I metnioned lastly as “THE PEOPLE WHO WERE CHEATED BY THEIR OWN FRIENDS AND ILLEGEL PROMOTION OF THE BUSINESS BY THE SELFFISH MOTIVE PEOPLE”.
My friend In srilanka also the crisis happened in 2003 only. It’s not Rythm marketing It’s Lotus marketing. It’s recenlty launched few months back only by the “V”.!!! Please don’t give wrong infomations and don’t add too much negatives. Analyse in all the directions.
Chintan says
@ X-Man … You dint read my previous comment properly or just avoiding to answer .. I clearly mention that COIN is not of 17K … and please lets not get into the the topic whether the Jewelers are trustworthy or not, because its of my cousin only !!!
The IRs tell people not to go and check the purity of the coins !! That will affect the numismatic (which was / is / will never there) value of it !!!
And for your information I would like to tell you that … after the problems in 2003 only the company changed the name from Gold Quest to QI … please don’t give me that reason that it was a business decision. Are you trying to say that in 2003 only 500 people were cheated ??? And if this time .. 25k people are complaining , you think all 25k people will get their money back ??? My friend company would prefer to change the name again as they did in Sri Lanka as Rythm-Marketing !!! Please open your eyes and stop cheating people !!!
Chintan says
@ X-Man … You dint read my previous comment properly or just avoiding to answer .. I clearly mention that COIN is not of 17K … and please lets not get into the the topic whether the Jewelers are trustworthy or not, because its of my cousin only !!!
The IRs tell people not to go and check the purity of the coins !! That will affect the numismatic (which was / is / will never there) value of it !!!
And for your information I would like to tell you that … after the problems in 2003 only the company changed the name from Gold Quest to QI … please don’t give me that reason that it was a business decision. Are you trying to say that in 2003 only 500 people were cheated ??? And if this time .. 25k people are complaining , you think all 25k people will get their money back ??? My friend company would prefer to change the name again as they did in Sri Lanka as Rythm-Marketing !!! Please open your eyes and stop cheating people !!!
RAG says
I hope one can take advantage of this clause (From P&P) as well:
—————————
6.04 Adjustments to commissions and/or bonuses
Representatives receive commissions, bonuses and other benefits under the Compensation Plan based on the actual sales of products to Customers. When a product is returned to the Company for a refund or is repurchased by the Company or the transaction is in anyway not successfully completed, the commissions, bonuses and/or other benefits attributable to
the returned, repurchased product or the unsuccessful transaction will be deducted, in the commission period in which the refund or repurchase occurs, and continuing every commission period thereafter until the commissions, bonuses and/or other benefits is fully recovered from the Representatives who received commissions and/or bonuses on the sales of the
refunded or repurchased product.
—————————-
But unfortunately i didn’t think this company is going to refund that easily…As i already told me and my lot of freiends are getting NO response on their requests…anyways ALL THE BEST…
RAG says
I hope one can take advantage of this clause (From P&P) as well:
—————————
6.04 Adjustments to commissions and/or bonuses
Representatives receive commissions, bonuses and other benefits under the Compensation Plan based on the actual sales of products to Customers. When a product is returned to the Company for a refund or is repurchased by the Company or the transaction is in anyway not successfully completed, the commissions, bonuses and/or other benefits attributable to
the returned, repurchased product or the unsuccessful transaction will be deducted, in the commission period in which the refund or repurchase occurs, and continuing every commission period thereafter until the commissions, bonuses and/or other benefits is fully recovered from the Representatives who received commissions and/or bonuses on the sales of the
refunded or repurchased product.
—————————-
But unfortunately i didn’t think this company is going to refund that easily…As i already told me and my lot of freiends are getting NO response on their requests…anyways ALL THE BEST…
X-Men says
@Kaleel
Your cmment is entirely contradicting the biz plan.do u huv ny xperience in questNet???
@Chintan
Even in 2003 same crisis happened. The QI management returned the money back to more than 500 customers who were really cheated. Last month, the company already given the public awareness that they are ready to give the money to the customers who were really cheated (with their own legal cell) and they are ready to fully co-operative with the police. In south india some cut pieces of QN training was shown by media local news in mute mode. In each and every training it’s told it’s a tough business and we should do it ethically. The media is not showing those videos in unmute mode. YYYYYYYYY????? I am advising you don’t beleive the statements of media for getting ur money back. If ur joining date is within 100 days just follow the procedure of cancelling the order immediately by what mentioned in P&P and RAG….. The company given the money back to the people who were really cheated in other countries also. See,, it’s not company’s mistake to run the business in those countries but in whose period they ran it….. As i mentioned laws are different in countries…….
You are getting cheated by the Well Known Jewellers. Some of them are taking advantage of this crisis and trying to cheat you. Just 3 weeks back I sold my uncle’s product to the jewellers. They gave money what it’s showin in the market value……… IN QN, coin is pure 24K, Pendants range from 18K to 16K. r u telling about coin or pendant?? Saturation never happens………………………………..Every body is predicting saturation, good!! even me too……….But can you tell me the date, time,year……….. when the saturation will happen??? Still some people are ready to join under me in south india but i am holding them to get the case gets clear.
Chintan says
@ X-Men & RRK …
Ohh k … company is just too great … but just imagine if the court case is against QN and they are asked to pack their bag from the country, then what ???
You think that QN will give money to the downliners ?? I don’t think so. You will say no company is for charity !!! Ya right, that is what has happened in those countries where it is banned (Afghanistan & Sri Lanka) !!!
And ya as Khaleel said, you talk a lot in figures, like what amount IR will get after adding 9/9 or 18/18 etc .. etc .. but why don’t you tell the facts to your downliners that 88% people in the network are going to loose their money. You know why there are so many complains from south India ??? because that market has reached its Saturation. Now nobody is getting BAKRAs to join under them. My friends in Banglore & Chennai who are in this business are repenting. Don’t worry same will be the case in Mumbai in sometime. As me and my friends who joined QN are just waiting for 90 day to get over from the purchase of product. After that we are also making complain against QN. So please wish us luck so that we can get our money back. 😛
One last question ??? In the presentations they say that the gold coin they sell is 99.99% pure. But when confirmed from well known jewelers in Mumbai they are saying that this coin is not even 17 crt. Can you please explain. Because I haven’t got answer (obviously some unconvincing for just the sake of answering at least) to THIS question yet.
Chintan says
@ X-Men & RRK …
Ohh k … company is just too great … but just imagine if the court case is against QN and they are asked to pack their bag from the country, then what ???
You think that QN will give money to the downliners ?? I don’t think so. You will say no company is for charity !!! Ya right, that is what has happened in those countries where it is banned (Afghanistan & Sri Lanka) !!!
And ya as Khaleel said, you talk a lot in figures, like what amount IR will get after adding 9/9 or 18/18 etc .. etc .. but why don’t you tell the facts to your downliners that 88% people in the network are going to loose their money. You know why there are so many complains from south India ??? because that market has reached its Saturation. Now nobody is getting BAKRAs to join under them. My friends in Banglore & Chennai who are in this business are repenting. Don’t worry same will be the case in Mumbai in sometime. As me and my friends who joined QN are just waiting for 90 day to get over from the purchase of product. After that we are also making complain against QN. So please wish us luck so that we can get our money back. 😛
One last question ??? In the presentations they say that the gold coin they sell is 99.99% pure. But when confirmed from well known jewelers in Mumbai they are saying that this coin is not even 17 crt. Can you please explain. Because I haven’t got answer (obviously some unconvincing for just the sake of answering at least) to THIS question yet.
Khaleel says
X-Men and RRK : Read my reply in comment # 162. Why do you guys deviate away from topic and talk all non sense? lets talk numbers which is very much understandable and clear to all. Any answers?
Khaleel says
X-Men and RRK : Read my reply in comment # 162. Why do you guys deviate away from topic and talk all non sense? lets talk numbers which is very much understandable and clear to all. Any answers?
X-Men says
@RAG
If you are really conern go and talk to Pathman and V-team directly instead of getting analysis from part of the info available in the net….What u mean about bottom liners???? why are you using ** buddy??? Everybody knows it. No concern in typin too…..
Cool man since you had enquired sufficient abt Lotus then post the full info about it. It will be a good alarm for other questers who is doing unethical practises. The company with V-team is warning the people “Don’t do unethical practises”. The people are so adomant in doin so. Then who are Bakhras….
X-Men says
@RAG
If you are really conern go and talk to Pathman and V-team directly instead of getting analysis from part of the info available in the net….What u mean about bottom liners???? why are you using ** buddy??? Everybody knows it. No concern in typin too…..
Cool man since you had enquired sufficient abt Lotus then post the full info about it. It will be a good alarm for other questers who is doing unethical practises. The company with V-team is warning the people “Don’t do unethical practises”. The people are so adomant in doin so. Then who are Bakhras….
RAG says
@X-men
What i am saying is OUR experience with this B****** company……
Again blaming peoples…..it’s this system which create such people….then stop very first the biggest bas***d PATHMAN….and this company is operating in mumbai also and in several other cities also…the so called IRs are there also….Why not they feel shameful on saying themselves representative of this company which shouts at time of signups (this term is used by V-team and your PATHMAN also not to sell product)… and this time no COMMUNICATION…
I have done sufficient inquiry about “Lotus Marketing”..then i concluded how this scammer company is this..Anyone just google will find out info on that…again Qs was unanswerd what happened to BOTTOMLINERS of company when it get banned…
RAG says
@X-men
What i am saying is OUR experience with this B****** company……
Again blaming peoples…..it’s this system which create such people….then stop very first the biggest bas***d PATHMAN….and this company is operating in mumbai also and in several other cities also…the so called IRs are there also….Why not they feel shameful on saying themselves representative of this company which shouts at time of signups (this term is used by V-team and your PATHMAN also not to sell product)… and this time no COMMUNICATION…
I have done sufficient inquiry about “Lotus Marketing”..then i concluded how this scammer company is this..Anyone just google will find out info on that…again Qs was unanswerd what happened to BOTTOMLINERS of company when it get banned…
RRK says
@X- Men
Ya buddy, correctly said.
@RAG
OCEAN founder has warned in early december to all leaders not to promote un ethical business. We are told not to sign up lower middle class people last year itself. See buddy, what can you expect if you sign up un educated and fraud political people?? It bound to happen , its warning alarm to all to follow ethical business.
Even in IT sector, people have signed up giving false promises. Buddy, everyone knew its referral business, Why still they behave like un educated wimps??
Ya, I agree company had done very big mistake in late delivery of products, Apart from that its all bcoz of GREED GREED and GREED.
You have all answers in yourself.
Regards,
RRK
RRK says
@X- Men
Ya buddy, correctly said.
@RAG
OCEAN founder has warned in early december to all leaders not to promote un ethical business. We are told not to sign up lower middle class people last year itself. See buddy, what can you expect if you sign up un educated and fraud political people?? It bound to happen , its warning alarm to all to follow ethical business.
Even in IT sector, people have signed up giving false promises. Buddy, everyone knew its referral business, Why still they behave like un educated wimps??
Ya, I agree company had done very big mistake in late delivery of products, Apart from that its all bcoz of GREED GREED and GREED.
You have all answers in yourself.
Regards,
RRK
X-Men says
@RAG
You are completely away from track. You are already carried away with some answers that you are expecting. Since you don’t know the real hard situations of the business every delivered answers are waste. I don’t wanna convince you and even don’t have the rights. It’s upto you to HATE the company and it’s BLIND SUPPORTERS. But I am not a Blind supporter. For Each and every step that I am taking, I am torturing my TOP lines. You are 100% correct. STOP all the people who is promoting GREED GREED GREED GREED :-). STOP people who is following unethical practises. PUBLIC INTEREST ADVERTISEMENT already company done on the very next 2nd day of the crisis see The Hindu chennai Edition, Don’t know the exact date. Unless and until the case got over how they will deliver the product??? Becoz close to 50% of the complaints are related to product delivery. Harae bahiya… all the leading tamil newspapers (Politicians are running) already spoiled QN. So, no way in expecting some Public awareness through this newspapers. I have all the newspaper cut outs. And I will prove you, how the media (all the newspapers) is giving only false informations about QN.
I really appreciate your work in making awareness to all the people who will think to Join QN. But at the same time as an IR have you ever tried to understand what the business is all about??? You mentioned about Lotus Marketing just blindly…… First try to know what they are really selling and for what purpose they started. Don’t think that all the laws are same for all the countries. Dig more about it and know yourself. My downline got his money back and at the same time comission has also been deducted from my account and adjusted with the next commission.
—————————————————->
Just wait and watch. If u don’t wanna wait sorry dear My solution to you will never satisfy you, guarantee….