Apr 02, 2008 05:04 PM
7418 Views
(Updated Aug 27, 2008 02:21 PM)
Quest Net(aka Gold Quest) is yet another network marketing company which sells overpriced products to members and encourages these members to bring more members to buy its products and gives commission to member when new member signs up under him and buys the product. A binary pyramid kind of compensation plan where in one gets his money back only if he makes around a dozen of his friends/relatives sign up under him, a system wherein only few percentage of people at the very top of the pyramid reap huge benefits while almost everyone else(around 98%) lose their money to their up liners while pursuing a nonexistent dream of financial freedom and instant richness.
Simply put, this is akin to MLM scam and QN is banned in several countries- US, Srilanka, Afghanistan, Iran and many more because this kind of scheme loots people of their hard earned money and drains millions of dollars of money out of the country. They are operational in India, Singapore and several other countries, for the sole reason that there’re no stringent laws which brand their operation illegal. More about QN in other reviews in MS. We can go on discussing pros and cons of network marketing and keep arguing if QuestNet is legal or illegal. Internet is full of anti QN reviews explaining how almost everyone loses money in QN and you can find them with a simple search. Let me not reinvent the wheel and focus on a special issue here.
QN was banned in Sri Lanka recently after it drained millions of dollars of foreign exchange out of the country, severely affecting nation’s economy.