speak asia scam
DESCRIPTION
TRANSCRIPT
PRESENTED BY:-
NIKHIL (03)BIJAL (04)
FORUM (06)
NIRAV (10)JEETENDRA (56)
CHARMI (44)
GLOBAL INTRODUCTION
•The largest integrated online survey group
•Speak Asia was launched in 2006 in Singapore
•The global CEO is Ms. Harendar Kaur
•Prior to name they were operating under:
HAREN VENTURES PTE. LTD.
• India - February 2010
•Half year company manages to join 13 lacs member .
•Mr. Manoj Kumar CEO-India.
DOMESTIC INTRODUCTION
•Speak Asia is not registered as a company in India as it is not a PE.
•Promoting through advertising, events, PR and other communications channels.
InvestRs. 11000 Weekly two survey
1 week Rs. 1000
1 month Rs. 4000
1 year Rs. 52000
ABOUT SPEAK ASIA
REGISTRATION
• Obtain the Sponsor “User Id” from the person Id who referred you to the Business.
• Keep the following details, handy– Valid Email Id– Active Mobile No– Address with Pin Code, Birth date
• Click on Register and fill in the required details carefully.
• After continuing, check for the correct Left or Right position
REGISTRATION
• Recheck your Email Id &Mobile No
• At this stage the Bank details can be skipped submit
CONGRATULATIONS!
SPEAK ASIA SCAM
The company name is: SpeakAsia Online Pte Ltd.formerly known as : Haren Technology Pte. Ltd.
SPEAK ASIA SCAM
Valves.Com Pte Ltd
SBS Consulting Pte. Ltd.
FRAUD ADDRESS
FRAUD PAYMENT
FRAUD PAYMENT
• Survey Monkey tool
• The Pyramid Scheme
• Ponzi scheme
MANIPULATIVE SCHEMES
• Popular survey tool .
• It has major market research companies as well as corporate across the globe as their clients.
• Old surveys could not be transferred.
SURVEY MONKEY TOOL
PYRAMID SCHEMES
Chain Marketing Mechanism
Unstability increases in the base of the pyramid forcing the company to quit.
Ponzi scheme pays returns to its investors from their own money.
PONZI SCHEMES
PEOPLE INVOLVED IN SCAM
•TARAK BAJPAI - Coo Speak Asia Management
•RAJEEV MEHROTRA - Technical Head Of The Portal
•SHAIKH RAIS LATIF - Assistant For Daily Portal Operations And In-charge Of Regular Pop-ups.
•RAVI JANAKRAJ KHANNE – Financial Accountant
PEOPLE ARRESTED
• Mr. Tarak Bajpai ( COO ) In India.•He is the face of Speak Asia's India operations.•He mainly handled training, communication with members •He was arrested on 29th July 2011 in Indore. •He has disappeared.
• Times of India: Another company goes to town with easy money scheme
• Hindustan times :
A Ponzi? Government,
police probe
Speak Asia
WHAT INDIAN MEDIA HAD TO SAY
• Registered in Singapore but not in India• Selling subscription of online newsletter(Ezine)• E-zines are just copy paste from some other sources• Why they are charging & not start as free• Criteria-people should be proficient in English or
know internet• 7.5 lakh panelists - want to take this to 1 Cr
SOME LOGICS
• If 1Cr - panelist will be sharing a revenue of Rs 52000 Cr
• one member is allowed extra panels at some fees• Interesting nos.: 3 lakh of members are from Utter
Pradesh • company has changed their name 3-4 times• registered address show details of 4-5 companies
SOME LOGICS
• There are No Shortcuts for Long Term Goals.
• Right now music is loud & party is going – let’s see when music stops but I think it should happen soon. (Some time it even runs long)
CONCLUSION
