Over the previous few days eighteen QNet scammers have been arrested in India.
On October twenty first police arrested seventeen individuals in Jaipur for selling QNet.
Quoting Rashi Dudi of DCP (North), the Time of India experiences;
Police had obtained details about an organization named QNet Vihaan, which is already banned, and its associates duping individuals by promoting their merchandise.
Vinod Saharan, a resident of Hanumangarh, was working the racket.
Luxurious vehicles and promotional materials had been additionally seized.
This was adopted up by one other arrest on October twenty second of Madhvi Padvekar, once more in Jaipur.
Town police mentioned that they’ve frozen 20 financial institution accounts related to the rip-off and arrested 18 individuals to date.
Jaipur Police had been purportedly tipped off after the QNet scammers recruited two authorities officers.
QNet is formally banned in India for being a pyramid scheme. This has prompted a protracted checklist of assorted shell corporations the rip-off continues to be marketed beneath.
Following the arrest of three QNet executives beneath Vihaan Direct Promoting India again in Could, QNet is now going by “QNet Vihaan”.
As a substitute of addressing the tens of millions Indian authorities have seized from the corporate and ongoing arrests, QNet is busy paying off Ted Nuyten’s BusinessForHome for spam.
In what’s assumed to be a contractual obligation between BusinessForHome and QNet, each time there’s an arrest or enforcement motion towards the rip-off, BusinessForHome publishes a advertising fluff piece.
Above is a BFH article revealed by Nicole Dunkley on October twenty second, reporting on QNet shopping for itself a pointless enterprise award.
As per the aforementioned contractual obligation, BusinessForHome by no means experiences on QNet arrests of enforcement actions. In different phrases, the publication is paid to cowl up fraud.
That is an ongoing downside however, with respect to QNet, is of specific concern. QNet turns a blind eye to human trafficking in Africa and unlawful operations in India.
QNet is run by Malaysian nationwide Vijay Eswaran (proper).
Eswaran is a Malaysian nationwide who Malaysian authorities, so long as QNet isn’t promoted in Malaysia, do nothing about.
SimilarWeb tracked slightly below half one million visits to QNet’s web site in September 2023. Prime sources of visitors are India (34%, down 30% month on month), the UK (9%, down 17% month on month), Brazil (8%, down 13% month on month) and Russia (7%, up 40% month on month).
The Central Financial institution of Russia issued a QNet pyramid scheme fraud warning in October 2022.
One other nation QNet is rising in is India’s neighbor, Pakistan. Pakistan was the fifth largest supply of visitors to QNet’s web site for September 2023, coming in at 6% (up 29% month on month).