Mumbai : Speak Asia Financial advisor, Sanjeev Dandona confessed that Speak Asia was indeed running a ponzi Scheme. and the plan was based on a ponzi scheme. Sanjeev Dandona was financial advisor to Speak Asia and he was the main man behind the transfer of money from India to Singapore. (more…)
Author: Ak Sharma
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Don’t let Pyramid Schemes loot your money…
Seminar details: Every year, tens of thousands of “Double-your-money” schemes which offer instant riches are eating into the savings of people. These schemes (also called Ponzi or pyramid marketing schemes) are banned in many countries. But in India, they fly below the radar because of ineffective legislation and burn a big hole into the savings of Indians across the economic spectrum. There are schemes that are aimed at the poorest of people, by dazzling them with the hope of quick money and there are schemes aimed at the gullible but wealthy. Ms Sucheta Dalal explains how exactly these schemes lure and con so many people.
Date: Tuesday, 11 October 2011.
Registration timing: 3:00pm
Session Time: 3:30pm–5:30pm followed by TeaVenue:
Moneylife Knowledge Centre, 305, 3rd Floor,
Hind Service Industries Premises, Off Veer Savarkar Marg,
Shivaji Park, Dadar, Mumbai 400028.
Landmark:Chaityabhoomi Lane.Admission: FREE
No Entry without Prior Registration.Contact details:
Call Judith/Seraphina on 022-24441058-60,
or email us at [email protected] or log on to www.mlfoundation.inSpeaker: Ms Sucheta Dalal, Trustee of Moneylife Foundation and Managing Editor of Moneylife Magazine.
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Speak Asia Surveys were Fake
Mumbai – Mumbai police during the on going investigation on Speak Asia came to know that Speak Asia surveys were fake. All the surveys were outsourced and copied either from Wikipedia and other online websites. This finding by Mumbai police has established that these surveys were never done for any client from abroad.
The EOW of Mumbai police arrested Nayan Khandor, 25, owner of Brand Saloon Inc, a web based firm allegedly responsible for making fake surveys for Speak Asia. His office is located at Dadar. During the search, police confiscated material from his office which clearly indicates the relationship with Speak Asia Online.
EOW Officail said “We are in possession of Khandor’s electronic communication with Speak Asia’s Manoj Sharma, the bills Speak Asia paid for, and the unsent surveys he did for Speak Asia”.
Khandor during the investigation revealed that he was aware that he was creating surveys for Speak Asia and for the same he was paid between Rs 30,000 to Rs 1.5 lakh on each survey and he has done nothing wrong.
Khandor said that all the topics were given to him in advance by Seven Rings India, a Speak Asia concern. Topics such as power saving, scooters, talcum powder, deodorants, washing machines etc and after the approval from the top management of Tusliantek company. The surveys were uploaded to Singapore based server and then it was further sent to panelist in India to respond.
Khandor will be produced in court on Saturday and EOW authorities said they will seek his police custody for further interrogation.
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RMP Infotech Under Police Investigation at Chennai
Chennai: RMP Infotech Under Police Investigation at Chennai. The whole issue is being probed by the police of Chennai. Police is already collecting evidences against the accused.
During the investigation police arrested there persons from Guntur and Vijayawada under Prize Chits & Money Prevention (Gambling) Act, 1978. (more…)
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CID taking Interpol help on Speak Asia Alleged Scam
New Delhi (mlmnewsblog) – Speak Asia panelist are worried and there is no immediate help from the Speak Asia management and neither from the courts. Now the Crime Investigation Department discovered that all money collected by Speak Asia was routed out of Singapore. On this issue CID has sought help from Interpol, investigations also revealed that Speak Asia used the ‘Seven Rings‘ company to route the money in the form of investments from Singapore. (more…)
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Kerala First Indian State to Set Guidelines For MLM firms
New Delhi (mlmnewsblog): Kerala Became first Indian state to set guidelines for MLM firms. All this came after series of MLM scams happened in Kerala. Gullible people lost to the tune of thousands of crore in MLM investment schemes. In one such MLM scam, a company called Tycoon Empire International scammed is said to be around around Rs.1000 crore. After such scams, Kerala Chief Secretary led a committee and probed the activities of multilevel marketing agencies. (more…)
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A Message For All Indians
* * * * * Glory to Mother India * * * * * We are with you * * * * *
Tough law against corruption and corruption of entire country’s should be brought under Janlokpal. We must support Anna Hazare in this movement .
Anna Hazare’s key ally on the issue, Arvind Kejriwal has posted a message. Kejriwal said that the government will use every ploy to crush our movement. We must save India from corruption and make this movement a successful one at any cost, for that every citizen of this country must participate actively. If Government bill becomes law, then it will be like a gift to your country robbers.
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How to Become an Attractive Network Marketer
Becoming an attractive salesperson has never been easy, but after an economic recession marked by dropping demand for lots of consumer products, making buyers come to you can seem like a tougher battle than ever. Luckily, attracting customers to your product or recruits to your business isn’t too different from attracting people to you in general. You can draw others in by using social networking, drawing positive attention to yourself, building relationships, and being confident.
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One more arrested in connection with Speak Asia scam
Mumbai (mlmnewsblog) – Mumbai city police arrested one more person connected with Speak Asia, the name of this person is Rahul Shah, vice president of Tulsient Information System Pvt Ltd, a Business Process Outsourcing (BPO) unit that looked after Speak Asia’s financial affairs. Now the total figure has reached to 6.
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Live The Dream Event
Google+ hangout of the year
Date: Wednesday, August 10, 2011Time: 4:00 PM PST / 5:00 PM MST / 6:00 PM CST / 7:00 PM EST
For more time zones, please see the Time Zone Converter.
That’s right! Mark your calendars for this
Wednesday, August 10th at 7 PM EST!