Fraudulent MLM Scheme QNET Busted By Cyberabad Police
The QNET/Vihaan business model is a simple pyramid scheme in which the early entrants earn money and as the number of independent representatives (IR) increases, finding more IRs (New Comers) to join becomes difficult or impossible. IRs that joins late do not earn enough to cover their first outlay and the model collapses. It works as a binary scheme. Down the line the number of persons to join becomes difficult or impossible. The scheme collapses at some point in time. There is a huge amount of money going out of India in the name of a money circulation scheme in the disguise of Direct Selling.
QNET lured customers promising high returns if they became a part of its businesses including but not limited to cost-optimization, health and wellness, watches and jewellery, personal care and beauty, tour and education. Once a new member joins the chain through a promoter, he becomes an independent representative and gets complimentary items. The promoter, in return, gets a commission. While top-level members get good returns, new members are left with nothing. – Source newindianexpress.com
The sleuths of Cyberabad have arrested the Director of Vihaan Direct Selling Pvt. Ltd. Company- A sub franchisee of QI Group in India marketing under the brand name of QNET by Dilip Raj Pukkela s/o Late P.D. Thirmala Rao, age 44 years, occ: Director of Vihaan Director selling Pvt Ltd., R/o Flat No.F3, Block-F2, V.G.N. Minerva, Nolumber, Chennai. N/o Nolumbur, Chennai. N/o Plot No.198, PR Garden, Vishakapatnam in Cr.no:04/2019 of P.S Miyapur. Cases are registered in various parts of Telangana, Andhra Pradesh, Bengaluru and Delhi.
Dilip Raj Pukkela has working as the Director to Vihaan Direct Selling Pvt. Ltd. For the past Two years, formerly known as Gold Quest, Quest Net, is a Hong Kong-based multi-level marketing (MLM) company owned by the QI Group. The company invokes many Ponzi schemes and Binary Schemes, Product based, Vacation Packages etc., business tactics which are illegal. Now it operates in a number of countries like India, Philippines, Cambodia, Nepal, Indonesia, Turkey, Saudi Arabia, Russia and etc. In India, QNET has appointed Vihaan Direct Selling Pvt. Ltd. as its sub franchisee and made Dilipraj Pokkella and Md. Imthiyaz as directors of Vihaan Direct Selling Pvt. Ltd. by QNET.
Also the Cyberabd police arrested the folowing promoters: Chandan Kumar Choudary S/o Dinesh Kumar Choudary, Age: 26yrs, Occ; Software employee, R/o Flat.NO. 303, Sahi Teja Residency, Near Vikram Hospital, Madhapur N/o Golmuri village & P.S, Jamshedpur city, Jharkhand state. and Athul Kumar S/o Ashok Kumar Singh, Age: 28yrs, Occ; Business, R/o Flat. No. 303, Sahi Teja Residency, Near Vikram Hospital, Madhapur N/o Tarwan village, Parsa Bazar PS, Patna dist, Bihar state. In Cr.no:957/2018 of P.S madhapur.
– Source Cyberabad Police
QNET Scam Conclusion
In my opinion, QNET is another recruiting scam. Ridiculous claims about their products and the income you can make are used to bring new people into the scam. You will find hundreds of complaints about this company and their representatives. “Fake it until you make it” is the foundation of the claims made by QNET representatives. Each person who profits with QNET does so primarily from the payments of others who are themselves making payments in order to obtain their own profit. Retail sales information is not available for new distributors. I would avoid the QNET scam.