Documente Academic
Documente Profesional
Documente Cultură
INTRODUCTION
HOW IT WORKS:
PAPER RELEASE
PAPER RELEASE
PAPER RELEASE:
Speak Asia advisor finally confesses the company was running a Ponzi scheme
"He (Mr. Dandona) had confessed that the
company was running a Ponzi scheme," an
official close with the investigation of Speak
Asia, which had duped people on the pretext
of promising income for merely filling esurveys, told Money life.
Mr. Dandona was arrested after which it was
learnt that he was the proxy owner of Kritanj.
Management & Allied Services and is linked
with Speak Asia. Kritanj Management is the
master distributor of Singapore-based Haren
Ventures Pte Ltd (HVP) for e-zines in India.
Mr Dandona is also alleged to be advising
HVP and Tulsient Tech Pvt Ltd and also
transferring funds collected by Speak Asia
agents to Singapore.
of India: SFIO
Conclusion
Speak Asia's compensation package is a pyramid scheme disguised by a token disguise of
surveys.
Speak Asia's corporate structure was revealed to be a fraud held by shell company on the
other side of the globe.
Speak Asia's headquarters in Singapore was revealed to be bogus.
Speak Asia CEO admitted that their clients do not exist, and any claim of large income are
misunderstandings.
Speak Asia claimed to be either a survey company or a market research company, then
denied being either. Its lawyer claimed it is a magazine publisher. However, its business
registration shows it to be none of the above.
Speak Asia was investigated by multiple government agencies.
Speak Asia used cult techniques to whip up support for itself
Speak Asia delayed the Indian government from freezing its assets, resulting in 104
MILLION USD transferred out of India, which Indian government could not touch.
Speak Asia's COO was arrested along with others for financial irregularities and forgery.