Speak Asia cry like babies over ongoing investigations
For what feels like forever now, Speak Asia Online have been stuck in somewhat of a limbo where they cannot pay their members.
As such, existing members, who need to recruit others to make any sizable income have had an increasingly hard time recruiting others on the promise of ‘they’ll get their payment clearance sorted out soon’, when soon appears to be a forever extended boundary just out of reach.
Naturally, as frustrations have mounted within the Speak Asia memberbase (there’s only so long you can survive on the promise of paid commissions ‘coming soon’), this has also no doubt weighted heavily on Harendar Kaur and the management of Speak Asia.
In a hilarious newsletter published on their website sometime over the last twenty four hours, it appears Speak Asia seem to have finally cracked.
Headlined ‘Delay is the deadliest form of denial’ the diatribe ridden newsletter lashes out at the Indian authorities who are hampering their efforts to conduct business.
In an attempt to appeal to the uneducated and stir up mob mentality, Speak Asia continue with their ‘us vs. them’ mentality and seem to be attempting to provoke their members into protesting against the government and as such getting them to cave in.
All in the meantime detracting away from Speak Asia’s recruitment driven business model which is really what got them into trouble in the first place.
Speak Asia accuse their critics and Indian government regulators as being the
product of misguided thinking, unbridled envy, and a desire to destroy what they cannot build.
They do what they do with a clear understanding that their victory lies in imposing impossible delays, so that the enthusiasm, the dedication and the morale of our team suffers.
They are a set of people with deadly intent. They seek nothing less than the destruction and permanent stoppage of our business.
Deadly intent? Although I strive to maintain a professional manner on BehindMLM, even I’m having a hard time taking Speak Asia’s overdose of injected drama seriously.
Note that none of the above goes into why Speak Asia are being investigated, all they do is merely speculate and invent reasons behind the delays.
Speak Asia ironically address these investigations early on in the newsletter;
They never say an outright NO. It is always a MAYBE, or let us consider in DUE COURSE.
Due course naturally being ‘after we’ve finished investigating the extent to which you operate within our country and how you do so.
Conceding for the first time that Speak Asia is currently riddled with problems (as opposed to the ‘everything is fine, keep recruiting those new members we’ll have it sorted out soon), Speak Asia acknowledge that;
- they are currently unable to issue payments to any of their members. The banks have frozen their business accounts and they are unable to move any money out of them. This apparently includes paying vendors who they are buying products from to stock their new ‘Yug’ shopping portal.
- various parties have begun legal action against Speak Asia online, which the company instantly dismisses as ‘harassment and denial‘.
- the company ‘has been brought to a situation where we are not able to move even one inch.’
Now this should have been clear back when Speak Asia’s assets and accounts were first frozen back at the end of May.
But oh no. Speak Asia had to go and continue to dig themselves into a hole by professing everything was normal and attempting to continue their business operations despite not being able to pay anyone.
Now whose fault is that?
Despite it being completely against logic, Speak Asia then also go on to claim that
We are sure that during their probe these agencies have realized that our Company is working strictly within the laws of the land in both letter and spirit and has been diligently complying with every law.
However, in this highly charged environment and constant pressures of various quarters most of these agencies would have found it difficult to give a “clean chit” in writing.
A ‘clean chit’ refers to clearance for Speak Asia to continue its business operations. Does it make any sense at all that regulators would simply refuse to give Speak Asia a ‘clean chit’ if they thought the business model was legit?
Blaming the fallacies of your pyramid scheme business model on a ‘highly charged environment with constant pressures‘ is just simply put, downright misleading. If Speak Asia were an individual, I’d even go so far as to say they were outright lying.
The rest of the newsletter continues in much of the same fashion and closes with
We shall Overcome. We shall emerge vindicated, We shall become victorious. We shall not close down our business in India.
Because no one can deny people an opportunity to earn an Honest Living.
We will deny the ultimate victory to the delayers.
Far be it from me to be a sore thumb but how exactly do you make an honest living when you’re participating in a blatant pyramid scheme?
As a writer, it’s been quite amusing to watch these newsletters play out over the past few months. With increasing desperation and outrageous claims it’s clear that whoever is writing them, despite having a good grasp of English, has no formal professional training in writing what are effectively press releases.
Infact given the personal frustration which shines through this latest newsletter, I’d even go so far as to say they’re being penned by Harender Kaur herself.
At the end of the day, the heart of Speak Asia’s business model is a recruitment driven pyramid scheme. As I’ve maintained, this and this alone has brought down the regulatory action and subsequent negative press currently crippling their business operations.
Rather then accept this and cut and run (which is what usually happens), instead Speak Asia have taken it upon themselves to fight for the legitimacy of pyramid schemes and engage in a very public meltdown.
Personally I’m enjoying the fireworks quite thoroughly and I look forward to many more supercharged newsletters from Kaur. With no resolution in sight (either someone is going to have to grow a pair and officially label Speak Asia as a pyramid scheme, or the company is going to have to change its business model) this is only going to end in tears.
You can read the hilarious newsletter in its entirety over at Speak Asia’s official website.
dear all,
first of all its our so called brilliant indian system this problem arises.Speakasia is not at all at the fault because it is the duty of the agencies that they investigate at the start of any company doing mlm business.
Its a new stunt of authorities to eat all money of speakasia as well as investors because hamari sarkar “ek am insaan ko amir hote nahi dekh sakti isliye ye sab kuch ho raha hai”.
Speakasia not deny even single time that they are not able to pay the panelist,But our so called bulshit agencies create a situation against speakasia i dont know why.pls think over it.agencies duty is to aware investors their dont have any right to stop the business at this situation.
How a common man can get his money back as speakasia will give a condition to quit and get the money back.What more else they do.Our agencies and the whole system is false.
Dear Oz,
Loved reading your views, one line i liked the most…
This line touched my heart after i read the comments of so called ‘proud to be speak asians’ on facebook : ‘Speak Asia Online – Local Business’ if a person with minimum logic goes on and read the comments posted by “proud speak asians” it will give them enough evidence to prove the correctness of your tag line .
“attempt to appeal to the uneducated” , i personally know few of the uneducated, who invested borrowed money in this certain run away MLM.
Yep Bro,
one most imp. addition. speak asia by themselves as an organization never said that they would be paying Rs.4000/- every month against a subscription of Rs.11thousand towards so-called magazine e-zine, it is this uneducated & proud speak asians who are still hoping for a monthly payment of Rs.4000/- towards their subscription or towards their filling senseless surveys.
Pity on “speak Asians”
But SpeakAsia does not claim to be a MLM business… at least, not any more. It’s either “e-zine publishing business” or “panelist provider business” depending on which exec you ask or which press release you read.
So if I understand you correctly, you are more distrustful of the government’s ability to give you your money than SpeakAsia’s ability. Is that correct?
So all the money released to Kaur from Singapore CANNOT be used to pay the members in India?
This sounds so stupid I am holding in my stomach.
It’s as if Kaur is trying to set the stage “Blame your government, not me” while she buys a ticket to South America and disappears with all the money.
With the launch of their refurbished website, I was shocked that I could not log into my Survey e-wallet and was getting some Error 404: “Sorry! The requested page could not be found.” Survey Income was visible. Panel e-wallet was visible. On putting up a support call I got the message “The company is earnestly working towards the issue raised by you. You will hear from us as soon as it is resolved . We deeply regret for the inconvenience caused.” Survey e-wallet was visible on July 19 but not July 20. I fear that they are going to forcibly transfer the accumulated RPs to Shopping e-wallet.
Via their popups they try to enlist sympathy from the public but to the panelists they intend to give a raw deal who they think can be held together through so called leaders/uplines who are being forced/unless they are brainwashed to speak what the COO states in his dance performances.
Did they not mention in a popup that SAOL had sent some TTs to panelists but because of RBI circular, the amount could not be credited to panelists accounts? I wondered from which bank account they sent it as panelists received emails from SAOL:
Poor leaders. They have shut their earlier professions or quit their jobs and got on the SAOL MLM/Pyramid scheme and most had reached the upper limit of their binary income of Rs20k per day (YES PER Day!) and suddenly all stopped in May 2011. They have got no other avenue to earn.
Go to http://www.speakindiaonline.com and attempt to put any questions or show opposition of SAOL and not only you will be greeted with profanity but be suspended on popular demand of leaders mentioned above who want to keep their flock together.
@jutamaro — They turned into a cult, in other words.
“The aura of Sacred Silence – Prohibiting any questioning of the basic dogma, the cult’s laws, regulations and rules are absolute and must be followed.”
“The Demand for Purity – The world is sharply divided between pure and impure with the group in the role of ultimate judge. ”
Cited from -> http://www.cultclinic.org/qa1.html
Time and again i hear SAO saying ” Speakasia is rocking” . Now I am truely convinced that it has hit the rocks …..RIP Speakasia
First of all, my regrets I did not pick up issue against speak asia after attending its very first conference, which assured me right away that it is a runaway scheme or product of a very excited marketer who believed and made it possible to fool a lot of people all the time.
I have been thinking of writing on this as a social issue but your writings basically took away the need for it.
Wondering if there is a Senior Congress Leader has his pockets deep into this scheme, because, even if the agencies are delaying they are not denying what is an outright burglary to Indian Forex – Rs 1200 crores at the last count.
@rajan
Of course it’s their fault. Regulators are reactionary in nature, they react to dodgy business models. That’s like saying the legal system is reponsible every time someone commits a crime because they should have investigated them first.
They didn’t create anything, those laws and regulations were already in place long before Speak Asia came along. Speak Asia just failed to operate within the boundaries of not being a blatant pyramid scheme and the end result is the situation they’re in now.
Nobody to blame but themselves.
Probably best to cut your losses now and find work elsewhere. I wouldn’t be banking on Speak Asia being given the all clear anytime soon, not at least unless they change their recruitment driven business model.