GONE: Speak Asia pull $104 million USD out of India
There’s been a lot of questions directed at Indian authorities over their thus far complete inaction over Speak Asia and its business operations in India.
After Speak Asia’s bank accounts were frozen in late May, the company has been on a non-stop propaganda push to convince its members that they are the ‘good guys’ and that the government and their critics are acting out of maliciousness and conspiracy, rather than within the boundaries of Indian law.
After months of inaction (despite announcements from four government agencies that investigations had been launched) it was only just last week that Indian police finally filed a ‘First Information Report’ (FIR). This FIR finally acknowledged that members of the public had been complaining about Speak Asia and a police investigation was now forthcoming.
As of yet nothing seems to have publicly materialized from the FIR. In a related story however, the overall inaction of the authorities against Speak Asia was made slightly clearer.
Around May I believe, the Criminal Investigation Department (CID) of India launched their own case against Speak Asia. As a part of the case, CID moved to freeze the financial assets and bank accounts of Speak Asia and its associates.
This application was successful but was then challenged by Speak Asia who asked for a ‘restraining order’ against CID, preventing them from freezing Speak Asia’s accounts.
This restraining order was granted and, despite launching an appeal against the decision, CID had to sit with their hands tied whilst Speak Asia, through Haren Ventures and other associate companies were given access to their bank accounts.
At this time Speak Asia could have paid its members the outstanding money owed to them, which by this time had grown considerably large (affecting the payments of nearly two million members), but instead the company decided to transfer a staggering 462 crore (4620 million INR or $104 million USD) off to Singapore. [Continue reading…]
Speak Asia lose the plot: Bollywood meets MLM?!
Back in late May, Speak Asia had their bank accounts frozen and since then, they’ve been unable to pay their members for recruiting others to Speak Asia doing surveys.
As we near almost two months without Speak Asia having paid a single member and with no end in sight to the regulatory problems plaguing the company, one can’t help but question the mindset of those who are still with it.
Those who, despite the obvious recruitment driven pyramid scheme nature of Speak Asia’s compensation plan, refuse to believe the company has done anything wrong, or is deserving of the regulatory and media attention that has been directed its way.
I could label them idiots, simpletons, crooks themselves or the uneducated – but thanks to Speak Asia themselves, I don’t have to.
Speak Asia themselves continue to prove that they believe the majority of their memberbase are complete morons. [Continue reading…]
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. [Continue reading…]
Polaris Global to cut costs with BFE University
In an age of the internet, smart phones, e-book readers, netbooks, tablet pc’s, mp3 players and an every incerasing army of portable gadgets designed to give you information on the go, it’s a little strange to find that most MLM companies still opt for the traditional books and CD/DVDs package to distribute their products.
I guess on one level I can understand it from an an accessibility point of view. I mean, I imagine there aren’t too many people alive today who don’t know how to operate a DVD player and less still who can’t work out how to read a book. That said, with most MLM businesses practically requiring you to have an internet presence, gone are the days you can stay competitive and still maintain that you ‘have no idea what all this internets stuff is about’.
Finally it seems one company is taking a step forward and offering their proprietary home course in an easy to use USB stick package. [Continue reading…]
Indian police file FIR report on Speak Asia Online
Just days after SpeakAsia launched their new Yug branded shopping portal website, Indian police have announced that they are going to lodge a ‘First Information Report’ (FIR) against the company.
Amazingly, despite the number of complaints received by the Indian police department (the exact number has not been disclosed), the police have stalled any criminal proceedings against Speak Asia claiming that ‘the complainants do not have any substantial document as proof to back their complaints‘.
Notably I imagine most of these complaints go along the lines of ‘waaaah I invested money in Speak Asia and lost it HELP ME!’, but shouldn’t that in itself be enough to kickstart an investigation into the business model of SpeakAsia? [Continue reading…]
Speak Asia launches new website: So what’s ‘Yug’?
Despite missing three self imposed deadlines, as promised Speak Asia launched its revamped website sometime last night.
Looking much the same as their previous website, the main addition to the new website is a shopping portal.
Within this portal Speak Asia members are encouraged to purchase electronics using rewards points they get for completing surveys.
Here are the main changes I’ve noted along with the introduction of SpeakAsia’s new website. [Continue reading…]
Polaris Global & Scientology at cause. Are you?
KRC is an acronym used in Scientology that stands for Knowledge, Responsibility and Control.
To the degree that a person has all three of these things present with regard to a given area, endeavor, situation or subject, that person will have an increased ability to remain at cause over the situation
When one or more of these elements is missing or deficient, a person will have a decreased ability to remain at cause and will tend instead to find him or herself in the position of being the adverse effect of the situation.
This concept of being ‘at cause’ vs being ‘at effect’ is a core principle within Scientology.
-Scientology Wiki
At its most basic, to be ‘at cause or effect’ in life is not a new idea. In essence, we’re all either in control (the cause of), or a result of (effect) of our environment, economic, social and all the other components that make up our lives.
The terminology ‘at cause or effect’ and rather the heightened importance of the concept however, originated in Scientology. Make no mistake, when someone talks about being at cause or effect, they are referencing one of the ‘core principles‘ of Scientology.
Nowhere else but in Scientology doctrine does the terminology to be ‘at cause’ or ‘at effect’ present itself.
Considering the lengths then that Polaris Global’s members and the company itself has gone through to distance itself from Scientology, despite Polaris Global CEO Shane Krider being a self-admitted Scientologist himself, is it any wonder then that this terminology pops up frequently in relation to Polaris Global? [Continue reading…]
Guardian International Travel CEO charged on fraud
When considering the legality of MLM scams and pyramid schemes, even when it’s blatantly obvious by the business model itself that something dodgy is going on, people are often quick to cite the apparent lack of interest shown by the relevant authorities.
Often this lack of action is seen as proof that the particular MLM in question is legal. I mean if it wasn’t, then why haven’t the authorities busted down the doors right?
Wrong.
A recent case in Louisville, Kentucky in the US illustrates how, even after six years have passed since the company opened its doors, and despite just under three years of operation, it is possible that the law can and will eventually catch up to those running blatant money games. [Continue reading…]
The MPB Today Review: Direct sales without sales
Founded by Gary Calhoun, My Premiere Business (MPB) Today is, to use the company’s official description from their website, a ‘direct sales’ company ‘affiliated with online grocery delivery company SouthEastern Delivery.
Pairing groceries with a MLM business model seems to be a no brainer. You’ve got plenty of repeat consumables products and a product line that everybody, and I do mean everybody is already purchasing.
Whether it be a daily, weekly or even monthly purchase, everybody on the planet has to purchase groceries one way or another.
Unfortunately when it comes to the MPB Today business opportunity however, there is less focus on this natural product based retail relationship and instead emphasis on recruiting others to join MPB and encouraging them to do the same.
Well, that’s actually understating it a bit – if you look closely at the MPB Today business opportunity, it’s blatantly apparent that it has nothing at all to do with retail product sales. [Continue reading…]
The MPB Today Compensation Plan Review
MPB Today is an MLM company that has affiliated itself with US based grocery delivery company ‘Southeastern Delivery’.
In doing so, MPB offers their members access to a matrix based compensation plan along with several additional revenue streams.
Today we’re going to have a closer look at the MPB Today compensation plan. [Continue reading…]