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Speak Asia Scam
Speak Asia Scam
INTRODUCTION
HOW IT WORKS:
Continued
STRATEGIES
IN TERMS OF LAW
CONTINUED.
CONTINUED.
REASONS:
Scam
money in movies:
PAPER RELEASE
PAPER RELEASE
PAPER RELEASE:
Speak Asia advisor finally confesses the company was running a Ponzi scheme
"He (Mr. Dandona) has 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 by the EOW on
29th September, after 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
18-month-old case
For more than 18 months now, the
EOW has been probing the scam, which
involved a fraudulent marketing
scheme. Some of the top bosses of Speak
Asia are absconding, including Ram
Niwas Pal and his brother.
Yadav, known mostly for his comic
roles, was summoned to the EOWs
office at the police commissioners
chambers. Additional Police
Commissioner (EOW) Rajvardhan
confirmed that investigators had
questioned the actor and recorded his
statement.
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 a sham.
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 is being 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, where Indian government can't touch.
Speak Asia's COO was arrested along with others for financial irregularities and forgery.