Quest Net
6
8/8/2019 Quest Net http://slidepdf.com/reader/full/quest-net 1/6 24/09/09 4:16 PM :: Ask Agent :: Page 1 of 6 http://www.askagent.com/member/index.cfm?r=showTip&topicid=1065&tid=179693 You're logged in as [email protected] Home Ask It Answer It Our Technology How it Works We've served 79,858,272 unique users Current crowd size: 385,485 members Ask a Question | Answers I've Received > Details My Account Profile | Logout From: Anonymous, United States, 09/22/09 Question: Hello, I'm interesting in specific information about a group called Questnet -- specifically the countries where Questnet has been forbidden to trade? Why it's been forbidden? What policy was made to keep it from trading, etc. Thank you! Rated by 13 council members [-] less... If you close your query now, you will receive a refund of Rs. temp unavailable. (How does this work?) submit? Response From: Council Rating: Add to Report: Firstly, I would like to clarify that I am not going to say if Questnet is an illegal company or not. Firstly, Multi Level Marketing is considered illegal in India. http://www.hindu.com/2005/01/26/stories/2005012612250800.htm This is the law: http://www.commonlii.org/in/legis/num_act/pcamcsa1978460/ Look at the Lawyers club of India forum for all the discussions about this. http://74.125.153.132/search?q=cache:p9T-R8e- OxkJ:www.lawyersclubindia.com/forum/message_display.asp%3Fgroup_id%3D1577+questnet+albania&cd=10&hl=en&ct=clnk&gl=nz (Search on Google for questnet Albania and this is the tenth link, click on ‘cached’ for the article) Questnet International claims to be in many fields like luxury, etc. But looking at their website you can tell it is all bad – they should at least hire someone who can write well and hide the truth and be ambiguous. Their portfolio comprises the following luxury brands, it says. “Qatana is the luxury and collectibles division of QI Ltd and includes several premium brands in its portfolio.” But you know what? The company Quantana is just a collectibles selling shop!! It just sells items from well known companies – so does this make it a Luxury and collectible division? Source: http://www.qi-ltd.com/bussiness_line/luxury_and_collectible_products/ After reading that would you call this good copyrighting or clever marketing? Anyways, coming back to the question: Questions: 1. Why are the business practices of this company called into question so often, if they are perfectly legal – could it be a question of the ethics involved? Of the way the representatives are driven to meet the goal/achieve targets? 2. Why is a company banned in at least six countries so far and in legal problems elsewhere? 3. Why does a company feel the need to use so many names in different countries – Gold Quest, Quest Internation, Quest Net, Questnet, etc? Most multinational companies attach a Pvt limited etc at the end of their name to indicate that their local branch in any country is jointly operated with someone or is a limited entity by itself. 4. Why are some personnel associated with this company held in custody because of their working on behalf of the company? 5. (Rated by 4 Council Members) Rate Responses Report
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Home Ask It Answer It Our Technology How it WorksWeve served 79858272 unique usersCurrent crowd size 385485 members
Ask a Question | Answers Ive Received gt Details My Account Profile | Logout
From Anonymous United States 092209
Question Hello Im interesting in specific information about a group called Questnet -- specifically the countries
where Questnet has been forbidden to trade Why its been forbidden What policy was made to keep
it from trading etc Thank you
Rated by 13 council members
[-] less
If you close your query now you will receive a refund of Rs temp unavailable (How does this work) submit
Response FromCouncil
Rating
Add to
Report
Firstly I would like to clarify that I am not going to say if Questnet is an illegal company or not
Firstly Multi Level Marketing is considered illegal in India
httpwwwhinducom20050126stories2005012612250800htm
This is the law
httpwwwcommonliiorginlegisnum_actpcamcsa1978460
Look at the Lawyers club of India forum for all the discussions about this
http74125153132searchq=cachep9T-R8e-OxkJwwwlawyersclubindiacomforummessage_displayasp3Fgroup_id3D1577+questnet+albaniaampcd=10amphl=enampct=clnkampgl=nz
(Search on Google for questnet Albania and this is the tenth link click on lsquocachedrsquo for the article)
Questnet International claims to be in many fields like luxury etc But looking at their website you can tell it is all bad ndash they shouldat least hire someone who can write well and hide the truth and be ambiguous Their portfolio comprises the following luxury brandsit says
ldquoQatana is the luxury and collectibles division of QI Ltd and includes several premium brands in its portfoliordquo
But you know what The company Quantana is just a collectibles selling shop It just sells items from well known companies ndash sodoes this make it a Luxury and collectible division
Source httpwwwqi-ltdcombussiness_lineluxury_and_collectible_products
After reading that would you call this good copyrighting or clever marketing
Anyways coming back to the question
Questions
1
Why are the business practices of this company called into question so often if they are perfectly legal ndash could it be a question of theethics involved Of the way the representatives are driven to meet the goalachieve targets
2
Why is a company banned in at least six countries so far and in legal problems elsewhere
3
Why does a company feel the need to use so many names in different countries ndash Gold Quest Quest Internation Quest NetQuestnet etc Most multinational companies attach a Pvt limited etc at the end of their name to indicate that their local branch inany country is jointly operated with someone or is a limited entity by itself
4
Why are some personnel associated with this company held in custody because of their working on behalf of the company
5
(Rated by4 CouncilMembers)
Rate Responses Report
882019 Quest Net
httpslidepdfcomreaderfullquest-net 26
240909 416 PM Ask Agent
Page 2 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
Why is the owner of QI (Quest International) Vijaeswaran arrested and later wanted by Philippines
Anyways my research into legal archives has thrown quite a few surprises Read on for the list along with relevant links Mostinteresting is the fact that even Securities Exchange Commission of USA has filed a case against them and the proceedings arelisted in a link I have attached
SEC Stops Multi-Million Dollar Fictitious Currency Trading Program
httpwwwsecgovnewspress20082008-80htm
GQI has been put in receivership and the related court documents are here
httpgqireceivercomfilingsasp
The main problem seems to be that this company opens a branch in any country using strange titles like Goldquest hydraulics andthen diversifies into MLM practices ndash though from investors statements it seems more a Ponzi than MLM scheme(Again for allstatements made here I have attached the references) ndash The thing with this company is they vigorously pursue anyone who makes anegative comment about them ndash so I just want to be a bit careful
QuestNet is not legal in ETHIOPIAVIETNAM IRAN SRI LANKA RWANDA and until recently NEPAL (IN NEPAL IT IS NOWLEGAL) This is because of the out-dated laws in the country which have not been kept up with the times ie Laws relating to E -Commerce
Banned in SriLanka
httpwwwlankabusinessonlinecomfullstoryphpnewsID=1594030582ampno_view=1ampSEARCH_TERM=11httpwwwthesundayleaderlk20090517spotlighthtm
Banned in Afghanistan
httpwwwafghanbizcomnewsactivities-of-quest-net-banned-in-afghanistanhttpmarketplacepublicradioorgdisplayweb20080229pyramid_scheme_offers_false_hope_to_afghans
Banned in Nepal
httpwwwaccessmylibrarycomcoms2summary_0286-22442763_ITM
Banned in Iran
httpwwwdailystarcomlbarticleaspedition_id=10ampcateg_id=3amparticle_id=19789
Banned in Rwanda
httpwwwnewtimescorwindexphpissue=13977amparticle=18298
Problems for Questnet owner QI
Source New Straits Times Date 05-07-2007
httpwwwhighbeamcomdoc1P1-139058513html
Businessman Datuk Vijayeswaran S Vijayaratnam who was arrested in Jakarta last week is wanted in connection with a US$90million (RM308m) fraud case in the Philippines
Chennai Police Seek Arrest Warrant For Malaysian Datuk
httpwwwbernamacombernamav5newsindexphpid=331362
Gold Quest chief surrenders passport
httpwwwhinducom20030921stories2003092109260300htm
Questnet plans to open offices in east Africa
httpwwwnewstincomgo-to-link142261715httpallafricacomstories200909010696html
The executive is listed as Donna Imson ndash was once arrested
For more info please read this
httpwwwindusladiescomforumsindian-women-entrepreneurs19791-quest-nethtml
For the problems faced by Questnet in India please see these links
httpwwwconsumercomplaintsincomplaintsgrievances-against-questnet-business-c23928html
httptimesofindiaindiatimescomnewscitychennaiGold-Quest-trial-delayed-as-court-grapples-with-voluminous-chargesheetarticleshow5011780cms
httpwwwsecgovlitigationcomplaintscomp17616htm
[+] less
Hi The website httpwwwquestnet-scamcom has the following to say
It is a multi-level marketing company that according to the website offers everyone a life-changing opportunity to build a hassle-free and legitimate business The way it works is that upon joining the company as an Independant Representative (IR) you aregiven a personal online store to distribute QuestNets range of products - from jewellery and watches to collectible coins to holidayand wellness products You then get a commission for every sale and also from the sales of your downline
(Rated by
8 CouncilMembers)
882019 Quest Net
httpslidepdfcomreaderfullquest-net 36
240909 416 PM Ask Agent
Page 3 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
Like most other MLM companies there have been people who called QuestNet a scam or a fraud Some were real IRs while therewere others who automatically considered the company a fraud just because of QuestNets business model - thanks to the generalnegative perception of the MLM industry Reports in the newspapers about company employees being arrested and of politicalconspiracies only added fuel to the fire
Is QuestNet Really A Scam If you only listened to one side of the story (ie the negative ones) you will definitely have a biasedopinion about QuestNet and very likely miss the golden opportunity to be a successful entrepreneur So do both QuestNet andyourself a favour - read this QampA with JR Mayer MD of QuestNet before making your conclusions
1 Why do people always consider MLM companies as scammers First and foremost MLM is not illegal and MLM companies arenot automatically scammers The industry has just been tainted by some black sheeps and the misconception that MLM equalspyramid selling A pyramid scheme is definitely illegal because it involves the exchange of money without any product or servicebeing delivered On the other hand MLM is an efficient distribution model based on relationship selling and is used by even biginsurance companies like Prudential and AIG So instead of QuestNet setting up an office in every city around the world and runningcostly advertising campaigns we engage IRs to distribute our high quality products and pay them commissions - everybody wins
2 Why have some people called QuestNet a fraud Some IRs join QuestNet thinking that they can make a lot of moneyautomatically without doing anything Unfortunately our company does not run a get-rich-quick scheme and the IRs are expected toput in a fair bit of effort at least at the initial stage if they want to be successful - there is no free lunch in this world Our salesproposition was never about making an obscene amount of money doing nothing but to help budding entrepreneurs achievefinancial independence with a low capital outlay So if youre looking to get rich without lifting a finger please look elsewherebecause QuestNet is for honest hard-working entrepreneurs
Were also aware that some IRs tend to mislead their prospects because they are eager to sign-up new downlines QuestNet doesnot condone such practice and we have infact published an Ethical Marketing Guideline and strict Code Of Ethics for all our IRs toabide by We view the matter seriously and take immediate action against errant IRs who flout these basic rules Unfortunately itsnot always easy because we have more than 2 million members in over 160 countries
3 What about those bad press about QuestNet We dont deny the reports in the newspapers We get considerable attention from
them and the articles are sometimes sensationalized because we are a significant player in the industry The now famous case of our founder being arrested was a result of disgruntled ex-partners wielding their political clout because they wanted a share of thecompanys success The bottom line is Mr Vijay Eswaran was trialed and acquitted in the court of law because there was no caseagainst him - something the newspapers didnt report because it probably doesnt sell as much as negative news
4 So is QuestNet a scam Definely not And if youre still not convinced consider these facts - QuestNet has been around since1998 - Our network consist of over 25 million IRs worldwide - The company is part of a global MNC which has interests intelecoms radio stations etc - We have the licenses from governmentsauthorities and a presence in 160 countries worldwide
It is banned in India Iran Sri Lanja and other countries I just googled about this company after a bit of changed keywords i foundthe marketing strategy of this company is really worse and illegal Let me help you guys understand what is it all about
We can call this marketing strategy as MLM(Multi-Level-Marketing) or Pyramid Scheme
These are all my findings over the net
GoldQuest QuestNet operate under the name QuestNet LTD co ref no 993949-P
Gold quest is proved to be using alleged money circulation market in India
From The Hindu article (published on 2003)
CHENNAI AUG 21 With the arrest of Goldquest officials in Chennai where the companys India headquarters is located policeclaimed to have exposed yet another alleged money circulation racket Over 50 members have filed complaints stating that thecompany owed around Rs 12 lakhs to them
But these guys have changed their name to QuestNet ltd and doing the same business I hope this business will be shut downsoon before it gets all the people inside this alleged market
Another article says Gold Quest banned in Sri-Lanka
GoldQuest the controversial network marketing scheme is now illegal in Sri Lanka after its scam drained US$ 15 million in foreignexchange from the country
we can understand one countrys fate can be changed to worse than previous through Pyramid schemes like QuestNet
Currently Questnet targets well known IT employees as targets Before think of the money please think 1000 times before invest inany of the MLM schemes
[+] less
Friend Hhere is what I could find out about Questnet through research Recently I have been approached by some of my closefriends to join GoldQuest(also known as Questnet) GoldQuest is yet another multi-level marketing scheme GoldQuest QuestNetoperate under the name ldquoQuestNet LTDrdquo co It works on the principle of Pyramid Scheme A pyramid scheme is a non-sustainablebusiness model that involves the exchange of money primarily for enrolling other people into the scheme Pyramid schemes areillegal in many countries including the United States Great Britain France Canada Malaysia Norway Australia New ZealandNepal Sri Lanka and Iran Normally 9999 of the people lost their money in any MLM or pyramid scheme
First see the dictionary of QuestNet According to the dictionary of Quest members world is divided into two types of people one isProspect and other is IR (Independent Representative) CAP stands for Contacts Appointments and Presentations This will serveas ldquotrackerrdquo when they start in the business and treat each day as a business day They keep with them a list of all the names thatthey will call or contact all the schedules appointments for the day and planned business presentations held during the day For weekend they have some special plans that is called weekend plan Inviting is the first and one of the most important skills you will
need to master in order to be successful in this business Master the art if inviting with this following techniques a) curiosity is the keyto inviting create one and not satisfy it (DO) b) Itrsquos a major no-no to present the business over the phone (DONrsquoT) c) The membersalways review the names in their memory builder (DO) d) When contacting the prospects they behave as if they are not soliciting butoffering an opportunity to discover a business idea that could literally change the life of the prospect (DO)
(Rated by9 CouncilMembers)
882019 Quest Net
httpslidepdfcomreaderfullquest-net 46
882019 Quest Net
httpslidepdfcomreaderfullquest-net 56
240909 416 PM Ask Agent
Page 5 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
QuestNetrsquos coin and medallion brand JR Mayer Collectionsreg was soon joined by the Bernhard H Mayerreg brand of watches and jewellery that has today developed into a world-class brand representing quality exclusivity and value The acquisition of a Swisswatch manufacturer in Zurich Switzerland by QuestNetrsquos parent company QI Ltd further solidified the watch range to allowcomplete in-house design and manufacturing of Bernhard H Mayerreg watches
In 2005 QI Ltd acquired a UK-based independent telecommunications provider with a strong background in providing advancedtelecommunications solutions and technology in the United Kingdom This investment has become responsible for QuestNetrsquos world-class technologies provided through our In-Voice telecommunications brand which offers mobile phones and economical Internet-based communications
The further expansion of our product range witnessed the inclusion of vacation packages through QVI Club In 2006 as a result of amultimillion investment by QI Ltd in a resort in Koh Samui Thailand Prana Resorts amp Spa was exclusively added to the QVI Club listof Home Resorts Prana is the first resort in what is set to be a chain of completely vegetarian wellness resorts
By 2006 we introduced our wellness line branded as Amezcua which has proven to be among the most popular product line sold bythe company Since then two more revolutionary energy brands have been introduced -- the Himalayan Crystal Collectiontrade andVeloci-Ti titanium jewellery Both take the concept of wellness and energy a step further by combining innovative wellness aspectswith fine jewellery designs
Our exclusive luxury brands are available for online purchase through the QuestNet advanced online eStore
To date QuestNet has expanded its product portfolio with a new range of consumable products including dietary and nutritionalsupplements skin care and personal care This new range of consumable products is offered through a retail-focussed e-commerceplatform called QShoppe
[+] less
Question IS QESTNET A SCAM
Answer Questnet is certainly not a scam
Why
The 3 biggest problem that Questnet faces are
1) the misconception that MLM = pyramid scheme
2) the generalization that all MLMs are scams
3) certain Questnet members who sell it as a get-rich-quick scheme
Of the three the biggest problem is with (3) because you cannot control what every member does - especially if you have 3 millionmembers spread over 160 countries
Some of these members (aka Independant Representatives) sell Questnet as being an autopilot and get-rich-quick scheme inorder to quickly grow their downlines As a result the new members later learn that you actually need to put in a reasonable amountof effort thus calling the whole company a scam
The good news is Questnet is not sitting down quietly and has infact came up with a strict code of conduct and warning aboutunscrupulous members The company also encourages the public to report such members so that action may be taken against them
Now here are some facts about Questnet
1) the company has been around since 1998
2) the company is part of an MNC with interests from telecoms to hotels and more
3) Questnet is licensed and has local presence in 160 countries
4) There are over 3 million members and growing
To learn more including what actual Questnet members and customers have to say I found this website
httpwwwquestnet-scamcom
[+] less
(Rated by
5 CouncilMembers)
Hai
It is a multi-level marketing company that according to the website offers everyone a life-changing opportunity to build a hassle-free and legitimate business The way it works is that upon joining the company as an Independant Representative (IR) you aregiven a personal online store to distribute QuestNets range of products - from jewellery and watches to collectible coins to holidayand wellness products You then get a commission for every sale and also from the sales of your downline
They have the licenses from governmentsauthorities and a presence in 160 countries worldwide
[+] less
(Rated by3 CouncilMembers)
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882019 Quest Net
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Why is the owner of QI (Quest International) Vijaeswaran arrested and later wanted by Philippines
Anyways my research into legal archives has thrown quite a few surprises Read on for the list along with relevant links Mostinteresting is the fact that even Securities Exchange Commission of USA has filed a case against them and the proceedings arelisted in a link I have attached
SEC Stops Multi-Million Dollar Fictitious Currency Trading Program
httpwwwsecgovnewspress20082008-80htm
GQI has been put in receivership and the related court documents are here
httpgqireceivercomfilingsasp
The main problem seems to be that this company opens a branch in any country using strange titles like Goldquest hydraulics andthen diversifies into MLM practices ndash though from investors statements it seems more a Ponzi than MLM scheme(Again for allstatements made here I have attached the references) ndash The thing with this company is they vigorously pursue anyone who makes anegative comment about them ndash so I just want to be a bit careful
QuestNet is not legal in ETHIOPIAVIETNAM IRAN SRI LANKA RWANDA and until recently NEPAL (IN NEPAL IT IS NOWLEGAL) This is because of the out-dated laws in the country which have not been kept up with the times ie Laws relating to E -Commerce
Banned in SriLanka
httpwwwlankabusinessonlinecomfullstoryphpnewsID=1594030582ampno_view=1ampSEARCH_TERM=11httpwwwthesundayleaderlk20090517spotlighthtm
Banned in Afghanistan
httpwwwafghanbizcomnewsactivities-of-quest-net-banned-in-afghanistanhttpmarketplacepublicradioorgdisplayweb20080229pyramid_scheme_offers_false_hope_to_afghans
Banned in Nepal
httpwwwaccessmylibrarycomcoms2summary_0286-22442763_ITM
Banned in Iran
httpwwwdailystarcomlbarticleaspedition_id=10ampcateg_id=3amparticle_id=19789
Banned in Rwanda
httpwwwnewtimescorwindexphpissue=13977amparticle=18298
Problems for Questnet owner QI
Source New Straits Times Date 05-07-2007
httpwwwhighbeamcomdoc1P1-139058513html
Businessman Datuk Vijayeswaran S Vijayaratnam who was arrested in Jakarta last week is wanted in connection with a US$90million (RM308m) fraud case in the Philippines
Chennai Police Seek Arrest Warrant For Malaysian Datuk
httpwwwbernamacombernamav5newsindexphpid=331362
Gold Quest chief surrenders passport
httpwwwhinducom20030921stories2003092109260300htm
Questnet plans to open offices in east Africa
httpwwwnewstincomgo-to-link142261715httpallafricacomstories200909010696html
The executive is listed as Donna Imson ndash was once arrested
For more info please read this
httpwwwindusladiescomforumsindian-women-entrepreneurs19791-quest-nethtml
For the problems faced by Questnet in India please see these links
httpwwwconsumercomplaintsincomplaintsgrievances-against-questnet-business-c23928html
httptimesofindiaindiatimescomnewscitychennaiGold-Quest-trial-delayed-as-court-grapples-with-voluminous-chargesheetarticleshow5011780cms
httpwwwsecgovlitigationcomplaintscomp17616htm
[+] less
Hi The website httpwwwquestnet-scamcom has the following to say
It is a multi-level marketing company that according to the website offers everyone a life-changing opportunity to build a hassle-free and legitimate business The way it works is that upon joining the company as an Independant Representative (IR) you aregiven a personal online store to distribute QuestNets range of products - from jewellery and watches to collectible coins to holidayand wellness products You then get a commission for every sale and also from the sales of your downline
(Rated by
8 CouncilMembers)
882019 Quest Net
httpslidepdfcomreaderfullquest-net 36
240909 416 PM Ask Agent
Page 3 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
Like most other MLM companies there have been people who called QuestNet a scam or a fraud Some were real IRs while therewere others who automatically considered the company a fraud just because of QuestNets business model - thanks to the generalnegative perception of the MLM industry Reports in the newspapers about company employees being arrested and of politicalconspiracies only added fuel to the fire
Is QuestNet Really A Scam If you only listened to one side of the story (ie the negative ones) you will definitely have a biasedopinion about QuestNet and very likely miss the golden opportunity to be a successful entrepreneur So do both QuestNet andyourself a favour - read this QampA with JR Mayer MD of QuestNet before making your conclusions
1 Why do people always consider MLM companies as scammers First and foremost MLM is not illegal and MLM companies arenot automatically scammers The industry has just been tainted by some black sheeps and the misconception that MLM equalspyramid selling A pyramid scheme is definitely illegal because it involves the exchange of money without any product or servicebeing delivered On the other hand MLM is an efficient distribution model based on relationship selling and is used by even biginsurance companies like Prudential and AIG So instead of QuestNet setting up an office in every city around the world and runningcostly advertising campaigns we engage IRs to distribute our high quality products and pay them commissions - everybody wins
2 Why have some people called QuestNet a fraud Some IRs join QuestNet thinking that they can make a lot of moneyautomatically without doing anything Unfortunately our company does not run a get-rich-quick scheme and the IRs are expected toput in a fair bit of effort at least at the initial stage if they want to be successful - there is no free lunch in this world Our salesproposition was never about making an obscene amount of money doing nothing but to help budding entrepreneurs achievefinancial independence with a low capital outlay So if youre looking to get rich without lifting a finger please look elsewherebecause QuestNet is for honest hard-working entrepreneurs
Were also aware that some IRs tend to mislead their prospects because they are eager to sign-up new downlines QuestNet doesnot condone such practice and we have infact published an Ethical Marketing Guideline and strict Code Of Ethics for all our IRs toabide by We view the matter seriously and take immediate action against errant IRs who flout these basic rules Unfortunately itsnot always easy because we have more than 2 million members in over 160 countries
3 What about those bad press about QuestNet We dont deny the reports in the newspapers We get considerable attention from
them and the articles are sometimes sensationalized because we are a significant player in the industry The now famous case of our founder being arrested was a result of disgruntled ex-partners wielding their political clout because they wanted a share of thecompanys success The bottom line is Mr Vijay Eswaran was trialed and acquitted in the court of law because there was no caseagainst him - something the newspapers didnt report because it probably doesnt sell as much as negative news
4 So is QuestNet a scam Definely not And if youre still not convinced consider these facts - QuestNet has been around since1998 - Our network consist of over 25 million IRs worldwide - The company is part of a global MNC which has interests intelecoms radio stations etc - We have the licenses from governmentsauthorities and a presence in 160 countries worldwide
It is banned in India Iran Sri Lanja and other countries I just googled about this company after a bit of changed keywords i foundthe marketing strategy of this company is really worse and illegal Let me help you guys understand what is it all about
We can call this marketing strategy as MLM(Multi-Level-Marketing) or Pyramid Scheme
These are all my findings over the net
GoldQuest QuestNet operate under the name QuestNet LTD co ref no 993949-P
Gold quest is proved to be using alleged money circulation market in India
From The Hindu article (published on 2003)
CHENNAI AUG 21 With the arrest of Goldquest officials in Chennai where the companys India headquarters is located policeclaimed to have exposed yet another alleged money circulation racket Over 50 members have filed complaints stating that thecompany owed around Rs 12 lakhs to them
But these guys have changed their name to QuestNet ltd and doing the same business I hope this business will be shut downsoon before it gets all the people inside this alleged market
Another article says Gold Quest banned in Sri-Lanka
GoldQuest the controversial network marketing scheme is now illegal in Sri Lanka after its scam drained US$ 15 million in foreignexchange from the country
we can understand one countrys fate can be changed to worse than previous through Pyramid schemes like QuestNet
Currently Questnet targets well known IT employees as targets Before think of the money please think 1000 times before invest inany of the MLM schemes
[+] less
Friend Hhere is what I could find out about Questnet through research Recently I have been approached by some of my closefriends to join GoldQuest(also known as Questnet) GoldQuest is yet another multi-level marketing scheme GoldQuest QuestNetoperate under the name ldquoQuestNet LTDrdquo co It works on the principle of Pyramid Scheme A pyramid scheme is a non-sustainablebusiness model that involves the exchange of money primarily for enrolling other people into the scheme Pyramid schemes areillegal in many countries including the United States Great Britain France Canada Malaysia Norway Australia New ZealandNepal Sri Lanka and Iran Normally 9999 of the people lost their money in any MLM or pyramid scheme
First see the dictionary of QuestNet According to the dictionary of Quest members world is divided into two types of people one isProspect and other is IR (Independent Representative) CAP stands for Contacts Appointments and Presentations This will serveas ldquotrackerrdquo when they start in the business and treat each day as a business day They keep with them a list of all the names thatthey will call or contact all the schedules appointments for the day and planned business presentations held during the day For weekend they have some special plans that is called weekend plan Inviting is the first and one of the most important skills you will
need to master in order to be successful in this business Master the art if inviting with this following techniques a) curiosity is the keyto inviting create one and not satisfy it (DO) b) Itrsquos a major no-no to present the business over the phone (DONrsquoT) c) The membersalways review the names in their memory builder (DO) d) When contacting the prospects they behave as if they are not soliciting butoffering an opportunity to discover a business idea that could literally change the life of the prospect (DO)
(Rated by9 CouncilMembers)
882019 Quest Net
httpslidepdfcomreaderfullquest-net 46
882019 Quest Net
httpslidepdfcomreaderfullquest-net 56
240909 416 PM Ask Agent
Page 5 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
QuestNetrsquos coin and medallion brand JR Mayer Collectionsreg was soon joined by the Bernhard H Mayerreg brand of watches and jewellery that has today developed into a world-class brand representing quality exclusivity and value The acquisition of a Swisswatch manufacturer in Zurich Switzerland by QuestNetrsquos parent company QI Ltd further solidified the watch range to allowcomplete in-house design and manufacturing of Bernhard H Mayerreg watches
In 2005 QI Ltd acquired a UK-based independent telecommunications provider with a strong background in providing advancedtelecommunications solutions and technology in the United Kingdom This investment has become responsible for QuestNetrsquos world-class technologies provided through our In-Voice telecommunications brand which offers mobile phones and economical Internet-based communications
The further expansion of our product range witnessed the inclusion of vacation packages through QVI Club In 2006 as a result of amultimillion investment by QI Ltd in a resort in Koh Samui Thailand Prana Resorts amp Spa was exclusively added to the QVI Club listof Home Resorts Prana is the first resort in what is set to be a chain of completely vegetarian wellness resorts
By 2006 we introduced our wellness line branded as Amezcua which has proven to be among the most popular product line sold bythe company Since then two more revolutionary energy brands have been introduced -- the Himalayan Crystal Collectiontrade andVeloci-Ti titanium jewellery Both take the concept of wellness and energy a step further by combining innovative wellness aspectswith fine jewellery designs
Our exclusive luxury brands are available for online purchase through the QuestNet advanced online eStore
To date QuestNet has expanded its product portfolio with a new range of consumable products including dietary and nutritionalsupplements skin care and personal care This new range of consumable products is offered through a retail-focussed e-commerceplatform called QShoppe
[+] less
Question IS QESTNET A SCAM
Answer Questnet is certainly not a scam
Why
The 3 biggest problem that Questnet faces are
1) the misconception that MLM = pyramid scheme
2) the generalization that all MLMs are scams
3) certain Questnet members who sell it as a get-rich-quick scheme
Of the three the biggest problem is with (3) because you cannot control what every member does - especially if you have 3 millionmembers spread over 160 countries
Some of these members (aka Independant Representatives) sell Questnet as being an autopilot and get-rich-quick scheme inorder to quickly grow their downlines As a result the new members later learn that you actually need to put in a reasonable amountof effort thus calling the whole company a scam
The good news is Questnet is not sitting down quietly and has infact came up with a strict code of conduct and warning aboutunscrupulous members The company also encourages the public to report such members so that action may be taken against them
Now here are some facts about Questnet
1) the company has been around since 1998
2) the company is part of an MNC with interests from telecoms to hotels and more
3) Questnet is licensed and has local presence in 160 countries
4) There are over 3 million members and growing
To learn more including what actual Questnet members and customers have to say I found this website
httpwwwquestnet-scamcom
[+] less
(Rated by
5 CouncilMembers)
Hai
It is a multi-level marketing company that according to the website offers everyone a life-changing opportunity to build a hassle-free and legitimate business The way it works is that upon joining the company as an Independant Representative (IR) you aregiven a personal online store to distribute QuestNets range of products - from jewellery and watches to collectible coins to holidayand wellness products You then get a commission for every sale and also from the sales of your downline
They have the licenses from governmentsauthorities and a presence in 160 countries worldwide
[+] less
(Rated by3 CouncilMembers)
PROFESSIONAL PDF REPORT
Click here to receive the professionally typeset report of theselected responses in PDF format ($1000 will be deducted from
your account)Get report
882019 Quest Net
httpslidepdfcomreaderfullquest-net 66
240909 416 PM Ask Agent
Page 6 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
copy 1998 - 2009 Ask Agent Ltd About Us | Contact Us | Terms of Service | Privacy Policy | View my answers | Login as Advisor | Become an Affiliate
882019 Quest Net
httpslidepdfcomreaderfullquest-net 36
240909 416 PM Ask Agent
Page 3 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
Like most other MLM companies there have been people who called QuestNet a scam or a fraud Some were real IRs while therewere others who automatically considered the company a fraud just because of QuestNets business model - thanks to the generalnegative perception of the MLM industry Reports in the newspapers about company employees being arrested and of politicalconspiracies only added fuel to the fire
Is QuestNet Really A Scam If you only listened to one side of the story (ie the negative ones) you will definitely have a biasedopinion about QuestNet and very likely miss the golden opportunity to be a successful entrepreneur So do both QuestNet andyourself a favour - read this QampA with JR Mayer MD of QuestNet before making your conclusions
1 Why do people always consider MLM companies as scammers First and foremost MLM is not illegal and MLM companies arenot automatically scammers The industry has just been tainted by some black sheeps and the misconception that MLM equalspyramid selling A pyramid scheme is definitely illegal because it involves the exchange of money without any product or servicebeing delivered On the other hand MLM is an efficient distribution model based on relationship selling and is used by even biginsurance companies like Prudential and AIG So instead of QuestNet setting up an office in every city around the world and runningcostly advertising campaigns we engage IRs to distribute our high quality products and pay them commissions - everybody wins
2 Why have some people called QuestNet a fraud Some IRs join QuestNet thinking that they can make a lot of moneyautomatically without doing anything Unfortunately our company does not run a get-rich-quick scheme and the IRs are expected toput in a fair bit of effort at least at the initial stage if they want to be successful - there is no free lunch in this world Our salesproposition was never about making an obscene amount of money doing nothing but to help budding entrepreneurs achievefinancial independence with a low capital outlay So if youre looking to get rich without lifting a finger please look elsewherebecause QuestNet is for honest hard-working entrepreneurs
Were also aware that some IRs tend to mislead their prospects because they are eager to sign-up new downlines QuestNet doesnot condone such practice and we have infact published an Ethical Marketing Guideline and strict Code Of Ethics for all our IRs toabide by We view the matter seriously and take immediate action against errant IRs who flout these basic rules Unfortunately itsnot always easy because we have more than 2 million members in over 160 countries
3 What about those bad press about QuestNet We dont deny the reports in the newspapers We get considerable attention from
them and the articles are sometimes sensationalized because we are a significant player in the industry The now famous case of our founder being arrested was a result of disgruntled ex-partners wielding their political clout because they wanted a share of thecompanys success The bottom line is Mr Vijay Eswaran was trialed and acquitted in the court of law because there was no caseagainst him - something the newspapers didnt report because it probably doesnt sell as much as negative news
4 So is QuestNet a scam Definely not And if youre still not convinced consider these facts - QuestNet has been around since1998 - Our network consist of over 25 million IRs worldwide - The company is part of a global MNC which has interests intelecoms radio stations etc - We have the licenses from governmentsauthorities and a presence in 160 countries worldwide
It is banned in India Iran Sri Lanja and other countries I just googled about this company after a bit of changed keywords i foundthe marketing strategy of this company is really worse and illegal Let me help you guys understand what is it all about
We can call this marketing strategy as MLM(Multi-Level-Marketing) or Pyramid Scheme
These are all my findings over the net
GoldQuest QuestNet operate under the name QuestNet LTD co ref no 993949-P
Gold quest is proved to be using alleged money circulation market in India
From The Hindu article (published on 2003)
CHENNAI AUG 21 With the arrest of Goldquest officials in Chennai where the companys India headquarters is located policeclaimed to have exposed yet another alleged money circulation racket Over 50 members have filed complaints stating that thecompany owed around Rs 12 lakhs to them
But these guys have changed their name to QuestNet ltd and doing the same business I hope this business will be shut downsoon before it gets all the people inside this alleged market
Another article says Gold Quest banned in Sri-Lanka
GoldQuest the controversial network marketing scheme is now illegal in Sri Lanka after its scam drained US$ 15 million in foreignexchange from the country
we can understand one countrys fate can be changed to worse than previous through Pyramid schemes like QuestNet
Currently Questnet targets well known IT employees as targets Before think of the money please think 1000 times before invest inany of the MLM schemes
[+] less
Friend Hhere is what I could find out about Questnet through research Recently I have been approached by some of my closefriends to join GoldQuest(also known as Questnet) GoldQuest is yet another multi-level marketing scheme GoldQuest QuestNetoperate under the name ldquoQuestNet LTDrdquo co It works on the principle of Pyramid Scheme A pyramid scheme is a non-sustainablebusiness model that involves the exchange of money primarily for enrolling other people into the scheme Pyramid schemes areillegal in many countries including the United States Great Britain France Canada Malaysia Norway Australia New ZealandNepal Sri Lanka and Iran Normally 9999 of the people lost their money in any MLM or pyramid scheme
First see the dictionary of QuestNet According to the dictionary of Quest members world is divided into two types of people one isProspect and other is IR (Independent Representative) CAP stands for Contacts Appointments and Presentations This will serveas ldquotrackerrdquo when they start in the business and treat each day as a business day They keep with them a list of all the names thatthey will call or contact all the schedules appointments for the day and planned business presentations held during the day For weekend they have some special plans that is called weekend plan Inviting is the first and one of the most important skills you will
need to master in order to be successful in this business Master the art if inviting with this following techniques a) curiosity is the keyto inviting create one and not satisfy it (DO) b) Itrsquos a major no-no to present the business over the phone (DONrsquoT) c) The membersalways review the names in their memory builder (DO) d) When contacting the prospects they behave as if they are not soliciting butoffering an opportunity to discover a business idea that could literally change the life of the prospect (DO)
(Rated by9 CouncilMembers)
882019 Quest Net
httpslidepdfcomreaderfullquest-net 46
882019 Quest Net
httpslidepdfcomreaderfullquest-net 56
240909 416 PM Ask Agent
Page 5 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
QuestNetrsquos coin and medallion brand JR Mayer Collectionsreg was soon joined by the Bernhard H Mayerreg brand of watches and jewellery that has today developed into a world-class brand representing quality exclusivity and value The acquisition of a Swisswatch manufacturer in Zurich Switzerland by QuestNetrsquos parent company QI Ltd further solidified the watch range to allowcomplete in-house design and manufacturing of Bernhard H Mayerreg watches
In 2005 QI Ltd acquired a UK-based independent telecommunications provider with a strong background in providing advancedtelecommunications solutions and technology in the United Kingdom This investment has become responsible for QuestNetrsquos world-class technologies provided through our In-Voice telecommunications brand which offers mobile phones and economical Internet-based communications
The further expansion of our product range witnessed the inclusion of vacation packages through QVI Club In 2006 as a result of amultimillion investment by QI Ltd in a resort in Koh Samui Thailand Prana Resorts amp Spa was exclusively added to the QVI Club listof Home Resorts Prana is the first resort in what is set to be a chain of completely vegetarian wellness resorts
By 2006 we introduced our wellness line branded as Amezcua which has proven to be among the most popular product line sold bythe company Since then two more revolutionary energy brands have been introduced -- the Himalayan Crystal Collectiontrade andVeloci-Ti titanium jewellery Both take the concept of wellness and energy a step further by combining innovative wellness aspectswith fine jewellery designs
Our exclusive luxury brands are available for online purchase through the QuestNet advanced online eStore
To date QuestNet has expanded its product portfolio with a new range of consumable products including dietary and nutritionalsupplements skin care and personal care This new range of consumable products is offered through a retail-focussed e-commerceplatform called QShoppe
[+] less
Question IS QESTNET A SCAM
Answer Questnet is certainly not a scam
Why
The 3 biggest problem that Questnet faces are
1) the misconception that MLM = pyramid scheme
2) the generalization that all MLMs are scams
3) certain Questnet members who sell it as a get-rich-quick scheme
Of the three the biggest problem is with (3) because you cannot control what every member does - especially if you have 3 millionmembers spread over 160 countries
Some of these members (aka Independant Representatives) sell Questnet as being an autopilot and get-rich-quick scheme inorder to quickly grow their downlines As a result the new members later learn that you actually need to put in a reasonable amountof effort thus calling the whole company a scam
The good news is Questnet is not sitting down quietly and has infact came up with a strict code of conduct and warning aboutunscrupulous members The company also encourages the public to report such members so that action may be taken against them
Now here are some facts about Questnet
1) the company has been around since 1998
2) the company is part of an MNC with interests from telecoms to hotels and more
3) Questnet is licensed and has local presence in 160 countries
4) There are over 3 million members and growing
To learn more including what actual Questnet members and customers have to say I found this website
httpwwwquestnet-scamcom
[+] less
(Rated by
5 CouncilMembers)
Hai
It is a multi-level marketing company that according to the website offers everyone a life-changing opportunity to build a hassle-free and legitimate business The way it works is that upon joining the company as an Independant Representative (IR) you aregiven a personal online store to distribute QuestNets range of products - from jewellery and watches to collectible coins to holidayand wellness products You then get a commission for every sale and also from the sales of your downline
They have the licenses from governmentsauthorities and a presence in 160 countries worldwide
[+] less
(Rated by3 CouncilMembers)
PROFESSIONAL PDF REPORT
Click here to receive the professionally typeset report of theselected responses in PDF format ($1000 will be deducted from
your account)Get report
882019 Quest Net
httpslidepdfcomreaderfullquest-net 66
240909 416 PM Ask Agent
Page 6 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
copy 1998 - 2009 Ask Agent Ltd About Us | Contact Us | Terms of Service | Privacy Policy | View my answers | Login as Advisor | Become an Affiliate
882019 Quest Net
httpslidepdfcomreaderfullquest-net 46
882019 Quest Net
httpslidepdfcomreaderfullquest-net 56
240909 416 PM Ask Agent
Page 5 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
QuestNetrsquos coin and medallion brand JR Mayer Collectionsreg was soon joined by the Bernhard H Mayerreg brand of watches and jewellery that has today developed into a world-class brand representing quality exclusivity and value The acquisition of a Swisswatch manufacturer in Zurich Switzerland by QuestNetrsquos parent company QI Ltd further solidified the watch range to allowcomplete in-house design and manufacturing of Bernhard H Mayerreg watches
In 2005 QI Ltd acquired a UK-based independent telecommunications provider with a strong background in providing advancedtelecommunications solutions and technology in the United Kingdom This investment has become responsible for QuestNetrsquos world-class technologies provided through our In-Voice telecommunications brand which offers mobile phones and economical Internet-based communications
The further expansion of our product range witnessed the inclusion of vacation packages through QVI Club In 2006 as a result of amultimillion investment by QI Ltd in a resort in Koh Samui Thailand Prana Resorts amp Spa was exclusively added to the QVI Club listof Home Resorts Prana is the first resort in what is set to be a chain of completely vegetarian wellness resorts
By 2006 we introduced our wellness line branded as Amezcua which has proven to be among the most popular product line sold bythe company Since then two more revolutionary energy brands have been introduced -- the Himalayan Crystal Collectiontrade andVeloci-Ti titanium jewellery Both take the concept of wellness and energy a step further by combining innovative wellness aspectswith fine jewellery designs
Our exclusive luxury brands are available for online purchase through the QuestNet advanced online eStore
To date QuestNet has expanded its product portfolio with a new range of consumable products including dietary and nutritionalsupplements skin care and personal care This new range of consumable products is offered through a retail-focussed e-commerceplatform called QShoppe
[+] less
Question IS QESTNET A SCAM
Answer Questnet is certainly not a scam
Why
The 3 biggest problem that Questnet faces are
1) the misconception that MLM = pyramid scheme
2) the generalization that all MLMs are scams
3) certain Questnet members who sell it as a get-rich-quick scheme
Of the three the biggest problem is with (3) because you cannot control what every member does - especially if you have 3 millionmembers spread over 160 countries
Some of these members (aka Independant Representatives) sell Questnet as being an autopilot and get-rich-quick scheme inorder to quickly grow their downlines As a result the new members later learn that you actually need to put in a reasonable amountof effort thus calling the whole company a scam
The good news is Questnet is not sitting down quietly and has infact came up with a strict code of conduct and warning aboutunscrupulous members The company also encourages the public to report such members so that action may be taken against them
Now here are some facts about Questnet
1) the company has been around since 1998
2) the company is part of an MNC with interests from telecoms to hotels and more
3) Questnet is licensed and has local presence in 160 countries
4) There are over 3 million members and growing
To learn more including what actual Questnet members and customers have to say I found this website
httpwwwquestnet-scamcom
[+] less
(Rated by
5 CouncilMembers)
Hai
It is a multi-level marketing company that according to the website offers everyone a life-changing opportunity to build a hassle-free and legitimate business The way it works is that upon joining the company as an Independant Representative (IR) you aregiven a personal online store to distribute QuestNets range of products - from jewellery and watches to collectible coins to holidayand wellness products You then get a commission for every sale and also from the sales of your downline
They have the licenses from governmentsauthorities and a presence in 160 countries worldwide
[+] less
(Rated by3 CouncilMembers)
PROFESSIONAL PDF REPORT
Click here to receive the professionally typeset report of theselected responses in PDF format ($1000 will be deducted from
your account)Get report
882019 Quest Net
httpslidepdfcomreaderfullquest-net 66
240909 416 PM Ask Agent
Page 6 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
copy 1998 - 2009 Ask Agent Ltd About Us | Contact Us | Terms of Service | Privacy Policy | View my answers | Login as Advisor | Become an Affiliate
882019 Quest Net
httpslidepdfcomreaderfullquest-net 56
240909 416 PM Ask Agent
Page 5 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
QuestNetrsquos coin and medallion brand JR Mayer Collectionsreg was soon joined by the Bernhard H Mayerreg brand of watches and jewellery that has today developed into a world-class brand representing quality exclusivity and value The acquisition of a Swisswatch manufacturer in Zurich Switzerland by QuestNetrsquos parent company QI Ltd further solidified the watch range to allowcomplete in-house design and manufacturing of Bernhard H Mayerreg watches
In 2005 QI Ltd acquired a UK-based independent telecommunications provider with a strong background in providing advancedtelecommunications solutions and technology in the United Kingdom This investment has become responsible for QuestNetrsquos world-class technologies provided through our In-Voice telecommunications brand which offers mobile phones and economical Internet-based communications
The further expansion of our product range witnessed the inclusion of vacation packages through QVI Club In 2006 as a result of amultimillion investment by QI Ltd in a resort in Koh Samui Thailand Prana Resorts amp Spa was exclusively added to the QVI Club listof Home Resorts Prana is the first resort in what is set to be a chain of completely vegetarian wellness resorts
By 2006 we introduced our wellness line branded as Amezcua which has proven to be among the most popular product line sold bythe company Since then two more revolutionary energy brands have been introduced -- the Himalayan Crystal Collectiontrade andVeloci-Ti titanium jewellery Both take the concept of wellness and energy a step further by combining innovative wellness aspectswith fine jewellery designs
Our exclusive luxury brands are available for online purchase through the QuestNet advanced online eStore
To date QuestNet has expanded its product portfolio with a new range of consumable products including dietary and nutritionalsupplements skin care and personal care This new range of consumable products is offered through a retail-focussed e-commerceplatform called QShoppe
[+] less
Question IS QESTNET A SCAM
Answer Questnet is certainly not a scam
Why
The 3 biggest problem that Questnet faces are
1) the misconception that MLM = pyramid scheme
2) the generalization that all MLMs are scams
3) certain Questnet members who sell it as a get-rich-quick scheme
Of the three the biggest problem is with (3) because you cannot control what every member does - especially if you have 3 millionmembers spread over 160 countries
Some of these members (aka Independant Representatives) sell Questnet as being an autopilot and get-rich-quick scheme inorder to quickly grow their downlines As a result the new members later learn that you actually need to put in a reasonable amountof effort thus calling the whole company a scam
The good news is Questnet is not sitting down quietly and has infact came up with a strict code of conduct and warning aboutunscrupulous members The company also encourages the public to report such members so that action may be taken against them
Now here are some facts about Questnet
1) the company has been around since 1998
2) the company is part of an MNC with interests from telecoms to hotels and more
3) Questnet is licensed and has local presence in 160 countries
4) There are over 3 million members and growing
To learn more including what actual Questnet members and customers have to say I found this website
httpwwwquestnet-scamcom
[+] less
(Rated by
5 CouncilMembers)
Hai
It is a multi-level marketing company that according to the website offers everyone a life-changing opportunity to build a hassle-free and legitimate business The way it works is that upon joining the company as an Independant Representative (IR) you aregiven a personal online store to distribute QuestNets range of products - from jewellery and watches to collectible coins to holidayand wellness products You then get a commission for every sale and also from the sales of your downline
They have the licenses from governmentsauthorities and a presence in 160 countries worldwide
[+] less
(Rated by3 CouncilMembers)
PROFESSIONAL PDF REPORT
Click here to receive the professionally typeset report of theselected responses in PDF format ($1000 will be deducted from
your account)Get report
882019 Quest Net
httpslidepdfcomreaderfullquest-net 66
240909 416 PM Ask Agent
Page 6 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
copy 1998 - 2009 Ask Agent Ltd About Us | Contact Us | Terms of Service | Privacy Policy | View my answers | Login as Advisor | Become an Affiliate
882019 Quest Net
httpslidepdfcomreaderfullquest-net 66
240909 416 PM Ask Agent
Page 6 of 6httpwwwaskagentcommemberindexcfmr=showTipamptopicid=1065amptid=179693
copy 1998 - 2009 Ask Agent Ltd About Us | Contact Us | Terms of Service | Privacy Policy | View my answers | Login as Advisor | Become an Affiliate
