Yesterday I wrote about the mysterious business opportunity ‘PreLaunch Australia’.

Due to a complete lack of information provided on the PreLaunch Australia website, I did my best to review the opportunity with what little information was provided.

To cut a long story short, I suspected that the PreLaunch Australia opportunity would have something to do with marketing and advertising.

Paired with a ‘technology company’, it was also highly likely that in terms of PreLaunch Australia, you’d most likely be looking at some form of lead generation.

Turns out I wasn’t far from the mark. [Continue reading…]

The highest distributor payouts in the world.

A strategy designed not to leave anyone behind.

The potential to profit from everyone who joins after you.

Doubling your income every seven months with no extra effort at all.

The largest global prelaunch in history.

Don’t watch our global success happen, be apart of it.

-Prelaunch Australia July promotional video

The above are just some of the claims currently being used to promote the relatively new PreLaunch Australia MLM business opportunity.

Sounds dodgy? You betcha! So today I’m going to take a look at who PreLaunch Australia are, what their product is and who’s backing them.

Note that at this stage information about the company is scarce (a giant red flag in itself) but this is probably as close to a review as your going to find. Well, that is until whatever PreLaunch Australia are going to call themselves once they launch, actually launch. [Continue reading…]

As has been well documented, over the past two months numerous Indian regulatory authorities have been conducting investigations into Speak Asia.

Following the overturning of a restraining order filed by Speak Asia earlier in the week which allowed India’s Criminal Investigation Department (CID) to again freeze their accounts, news comes in today that Speak Asia’s Chief Operating Officer (COO) Tarak Bajpai has been detained.

In what was originally thought to be only detainment for questioning, Speak Asia themselves have confirmed that Bajpai has been arrested by India’s Economic Offenses Wing (EOW) of Mumbai and will be charged. [Continue reading…]

Back in November last year, Wealth Masters International made the announcement that they would be branching into both nutrition and finance. Under the branding Opes Partners and WMI ‘PURE’ respectively, both divisions were set to launch in 2011.

Opes Partners seems to have launched quietly in the first half of 2011, but has received minimal promotion or marketing from Wealth Masters themselves. All in all, Opes Partners is not marketed to new prospects nor is it featured prominently on their website – it’s thus far been pretty much a failure as far as being an asset to the MLM side of WMI goes.

PURE on the other hand, headed up by Deanna Latson was originally announced to launch in the first quarter of 2011, but this was later pushed back to September 2011.

In May, Latson accepted full responsibility for the delay;

The launch delay is 100% my responsibility as I am putting together the scientific board of advisors and it is taking much longer than anticipated. Most of the advisors are MD’s and it takes a lot of time and negotiation.

With a new launch date of September, things seemed to be progressing smoothly and on track.

Well, that was until last week Deanna Latson made the announcement that she’d not only resigned as CEO of PURE, but has gone one step further and severed all ties with Wealth Masters International. [Continue reading…]

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…]

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…]

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…]

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…]

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…]

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…]