Monday, November 25, 2013

Multi-level mktg firm QNet used various names

Mumbai: The EOW of Mumbai police probing a case against QNet, accused of using the banned binary-pyramid business model for their multi-level marketing scheme to entice investors, also targeted people in Chennai, Bangalore, Sangli and different parts of Andhra Pradesh, albeit under
different company names.

A source said the Hong Kong-based firm has been in existence since 2000. It started as GoldQuest, then QuestNet and lately QNet. The eight QNet team leaders who have been arrested were on Saturday and remanded in police custody till November 26. TNN

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