The QuestNet Scam: QuestNet In Malaysia Chain Mail Entitled "Top 17 Scams"

QuestNet Malaysia Responds to a malicious chain mail entitled "Top 17 Scams".

Dear Recipient,

How many times have you received a chain mail, and hit the FORWARD button without questioning the credibility of the information, or the reliability of your source? Six months ago, QuestNet officials tracked a chain mail titled ‘Top 17 scams in Malaysia’ to a Malaysian website which had put up the information to discredit the business of the company, by referring to it as a pyramid scheme. The defamatory statements made about the company are as follows:
GoldQuest - This Company that claimed to be HK-based started with some non-value gold-plated coins that are sold for over RM2,000 have several names and changed products several times. QuestVacation, QuestNet, etc. They have several offices in Amcorp Mall, PJ and their key person(in fact, the owner), a Malaysian Indian was arrested last year in Indonesia for having involved in a very big Phillipines scam. Most of their overseas offices are closed or inactive but their Malaysia business is still hot, with some “energy” products.

The QuestNet Scam: Donna Marie Glenn Imson

If you've been told that MLM is a get-rich-quick scheme or go into it hoping to become a millionaire overnight, well, think again! Even QuestNet's co-founder, Donna Marie Imson, disagrees...

Watch Donna Marie Glenn Imson, QuestNet's co-founder and current Executive Chairperson, in the video below where she talks about her early experience with network marketing.

This was what she said beginning from the 8:35 marker:
"In my first 5 years as a network marketer, I didn't become a millionaire ...I didn't get to buy a car ...I didn't get to do really much."

"Whatever I made from my network marketing business was just enough to make sure we had a good roof over our head ...I could send my children to good schools. Life was good and that was it."

Still in this particular case, the 24 year old single mother of three went on to carve a name for herself in the network marketing industry because of her tireless efforts, passion and dedication.

The QuestNet Scam: A Case of Mistaken Identity

It has come to our attention that a Nevada, USA based company known as GoldQuest International Corp, which has been classified as a “ponzi and pyramid scheme” by the US Securities & Exchange Commission (SEC) and the Alberta SEC (Canada) is sometimes mistaken for QuestNet Ltd, an established 11 year old Asian based company (formerly known as GoldQuest). We hereby state that there is no connection between our company and this Nevada based company.

Some of you may be aware that QuestNet was formerly known as GoldQuest at the time of its inception in 1998, and when in 2003 it diversified and expanded into a wide range of products and services, we conducted a business re-structure into becoming QuestNet entirely. GoldQuest as a business brand name ceased to exist as of 2003. We have not been known as or have conducted any business as, GoldQuest since 2003. Crucially, QuestNet or GoldQuest have never ever been incorporated in the USA for any such association to be made or even considered.

Any association being drawn to us with their business is false and is a direct case in point of wholly mistaken identity.

QuestNet is also not in the investment or trading of securities business, and has no such dealings. We hope this helps clear any misconception that has been created, and this clarification directly shows our willingness to deal with the issue openly in clearing our name from any such wrongful association.

Is questnet or goldquest a scam??

Have you heard of QuestNet? It is a multi-level marketing company that, according to the website, offers everyone a "...life-changing opportunity to build a hassle-free and legitimate business". The way it works is that upon joining the company as an Independant Representative (IR), you are given a personal online store to distribute QuestNet's range of products - from jewellery and watches to collectible coins to holiday and wellness products. You then get a commission for every sale and also from the sales of your downline.

Read more

http://questnet-scam.com/

Madras HC Orders Notice On Gold Quest Scam

Madras HC Orders Notice On Gold Quest Scam Dated:17-02-2009 Source: UNI CHENNAI: Madras High Court ordered notice on a petition alleging the investigating officers of CB-CID were colluding with the accused in the famous multi-crore Gold Quest Case for monetary benefits and seeking transfer to the CBI the investigation in the multi-level marketing scam in which gullible public were cheated to the tune of several crores. While admitting the petition filed by R Ramesh Kumar of Chennai through his advocate B Rabu Manohar, a Division Bench comprising Justice P K Misra and Justice K Chandru directed the State Chief Secretary, Home Secretary, Director General of Police (DGP), Additional Director General of Police(ADGP) CB-CID and Mr Thukkaiaandi, Inspector General of Police(IGP), Directorate of Vigilance and Anti Corruption (DVAC) and Formerly IGP of CB-CID to file reply in three weeks. Ramesh Kumar submitted that the cases against Gold Quest were transferred to CB-CID and IG Thukkaiaandi was in-charge of the investigation. Inspector Sundareswarapandian directly negotiated with the accused and showed namesake arrest. Mr Thukkaiaandi did not evince interest but was keen on letting out the main accused who had therefore came out on bail within a short time. It was not known whether the previous history of the accused was disclosed before the court to oppose the bail. It was reliably learnt that one of the accused, Feroze Khan, was taken into illegal custody and to let him go off the hook without showing arrest, a sum of Rs 1.50 crore was sought by Mr Thukkaiaandi. A sum of Rs one crore was paid by one Farooq, relative of Feroze. Mr Thukkaiaandi had negotiated the deal. He received Rs 40 lakh, Sundareswarapandian Rs 40 lakh and Sub-Inspector Sivasubramaniam and Constable Ramanujam received the balance, the petitioner alleged. The Officers of CB-CID would not be the appropriate authority to investigate in entirety the grave and vast offences committed not only in Tamil Nadu but also throughout India and that too, with international nexus. Hence the investigation should be transferred to the CBI, he added. The Bench adjourned the case to March nine for further hearing. UNI

Source : UNI, http://www.lawyersclubindia.com/news/Madras-HC-Orders-Notice-On-Gold-Quest-Scam/2960/

GoldQuest case takes turn

Chennai, March 12 2010: The Supreme Court has ordered the Tamil Nadu CB-CID to hand over the list of 32,000 odd complaints to the GoldQuest India so that the company is allowed to compound the legitimate claims, said the company’s counsel on Friday.

It may be noted the Supreme Court had initially asked the maintain status quo on the order of Madras high court allowing compounding, when the CB-CID approached the apex court.

According to N. Chandrasekaran, legal representative of GoldQuest, it is extremely strange that CB-CID is trying to get stay order considering the high court order actually benefits the people who have legitimate complaints. It shows that CB-CID is willing to go to any length to harass the company and officials.

“The company has been asking for the list of aggrieved customers from the police by filing applications in the courts for the last two years and the police has been resisting our attempts to get the list for settling their claims.”said Mr Chandrasekaran.

“The CB-CID is also going out of its way to release statements in the media that are inaccurate to further damage the reputation of the company. This harassment should stop,” he added.

http://www.deccanchronicle.com/chennai/goldquest-case-takes-turn-611