Download - Speak Asia Scam
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PRESENTED BY:-
NIKHIL (03)BIJAL (04)
FORUM (06)
NIRAV (10)JEETENDRA (56)
CHARMI (44)
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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.
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• 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.
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InvestRs. 11000 Weekly two survey
1 week Rs. 1000
1 month Rs. 4000
1 year Rs. 52000
ABOUT SPEAK ASIA
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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
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• 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!
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SPEAK ASIA SCAM
The company name is: SpeakAsia Online Pte Ltd.formerly known as : Haren Technology Pte. Ltd.
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SPEAK ASIA SCAM
Valves.Com Pte Ltd
SBS Consulting Pte. Ltd.
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FRAUD ADDRESS
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FRAUD PAYMENT
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FRAUD PAYMENT
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• Survey Monkey tool
• The Pyramid Scheme
• Ponzi scheme
MANIPULATIVE SCHEMES
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• 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
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PYRAMID SCHEMES
Chain Marketing Mechanism
Unstability increases in the base of the pyramid forcing the company to quit.
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Ponzi scheme pays returns to its investors from their own money.
PONZI SCHEMES
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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
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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.
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• 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
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• 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
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• 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
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• 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