Monday, April 22, 2013

Fast One Way may move from Affiliation marketing to Product Base Network Marketing Company

It may be a bad news for the most of the readers that the "Fast One India Corporation Pvt Ltd" will change there business module and will move from affiliation marketing to product base networking marketing plan. According to one of the director as per the market conditions and after the failure of well known company "ALL HIT DEALS" they will not be able to give the Rs.3000 per month or just view the advertisement and very hard to survived in the market. After analyzing the market situation management has decided that they will change the business module and move to product base company and will do the official announcement very soon. Product range mostly will be below Rs.2000 and that will of daily need items.
What i understand is that the management is guanine and trying their best to run the company. I think they fail to understand the compliance policy and publishers terms & conditions. Without generating average sell it is impossible to earn from affiliation marketing. But i have little much faith that they will come out that and run the company succefully. Just wait for couple of days for official announcement and take decision. 

Saturday, April 20, 2013

Robert Kiyosaki supports Network Marketing

Govt drafting law on direct selling to protect consumers

The Centre on Wednesday said it is drafting a policy on the direct selling industry to address the concerns of consumers and strengthen the credibility of the sector that is providing huge employment opportunity.
The industry sells various consumer products directly to customers rather than via retail shops. “We support the Direct Selling Industry. At the present moment, we are drafting a new consumer policy that would encompass new market practices,” Consumer Affairs Secretary Pankaj Agarwala said at a FICCI event here.
New market practices like money back guarantee, cooling off period and return policies would be incorporated in the policy to strengthen the credibility of this market, he said. Agarwala said it was necessary to adapt best marketing practices in the integrated global market.
Indian Direct Selling Association (ISDA) Chairman Amarnath Sengupta said direct selling has moved beyond cosmetics to include technology products, herbal medicine to garments.
He sought a separate regulation to govern this fast growing industry as it has the potential to grow Rs 10,844 crore by 2015, from Rs 6,385 crore currently.
ISDA said there is a need to give definitional and operational clarity to this industry. That apart, it also sought removal of the industry from the ambit of Prize Chits and Money Circulation Scheme (Banning) Act 1978.

Friday, April 19, 2013

India struggles to officially define “genuine MLM”

It’s no secret that India has become an MLM legitimacy warzone over the past decade or so. Legitimate MLM companies fight for market share in an industry space increasingly dominated by recruitment scams and dodgy investment schemes.
Whereas five or ten years ago these scams were low-key startups that usually had the rug pulled from under them before they gained any traction, as the market evolved these scams became increasingly sophisticated and widespread.
       I frequently receive requests from Indian readers wanting me to look into the multitude of scams running in their area. Unfortunately most of these are either not in English or don’t have a significant online presence for me to conduct any research into them.
They’re designed for a local Indian consumption, primarily targeting those who are in all likelihood ignorant of the main types of scams those following the MLM industry see around today.
Today the biggest Indian MLM scams involve hundreds of millions of dollars and swallow up ever-increasing numbers of the Indian general public. Figures that haven’t escaped the attention of the government.
The proliferation of scams in India operating within the MLM industry is the overall lack of enforcement and applicable laws to deal with large-scale scams. Currently any scam in India using an MLM compensation plan falls under the “Prize, Chits and Money Circulation Scheme (Banning) Act”.
The problem?
The Act was passed into law way back in 1978 and is woefully ill-equipped to deal with today’s scams.
For evidence of this one only needs to look at the ongoing aftermath saga surrounding the biggest scam in Indian history, Speak Asia.
Speak Asia was a survey based pyramid/Ponzi scheme hybrid that required affiliates to pay a fee to join and then guaranteed a weekly ROI.
Despite being shut down just under two years ago, to date the owners and key management of the scheme have not been brought to justice and top affiliates within the scheme still believe the company will restart operations at some point.
Low-level arrests have been made in the case but pending further developments, investigations appear to have cooled for now. Hampering said investigations, primarily that of the Economic Offences Wing (EOW), has been the scam-proceed funded legal games Speak Asia management have conducted from their offshore hidey-holes, spearheaded by local management and top affiliates in the scheme,  who they also covertly fund.
After two years of investigation it’s hard not to conclude that Indian authorities simply aren’t able to quickly and decisively deal with scams as big as Speak Asia, primarily due to the outdated legal framework they have to work within.
In response to the growing number of complaints from the public about scams the government is seemingly powerless to combat, India’s Department of Consumer Affairs established a committee in July of last year.
This committee was charged with determining once and for all ‘what exactly constitutes a genuine multi-level marketing (MLM)‘, with a conclusion deadline set for early 2013.
That deadline however “recently” came and went, yet the committee has still not managed to define what makes a genuine MLM company.
Due to ‘draft guidelines formulated by the department of financial services not entirely (resolving) the issue’, a new deadline has been set for April 30th.
“As the issue remained unresolved, the committee’s tenure has been extended with a clear mandate to define MLMs and guidelines as to what distinguishes network, MLM and direct selling companies from those indulging in just money circulation,” a government official said
During this time the government hopes that the committee will “take a fresh look at the matter” and
lay down clear guidelines on what distinguishes these companies from those indulging in money circulation activities and unlawful activities.
Possibly adding to the confusion is the overseeing of the committee by the Department of Financial Services, who have issued guidelines stating that a legitimate MLM company should ‘not have any start-up cost‘.
Right idea with the committee but if that’s what they’re going off then they might very well be heading down the wrong track.
Personally I believe the issue of legitimacy in the MLM industry is clear-cut. If your affiliate-base is not selling the majority of your products to retail customers, thus meaning a company’s revenue is primarily generated via retail customers, then something fishy is going on.
Affiliate costs are fine, as is self-consumption but it should not be the primary source of revenue. Trying to claim self-consumption as retail sales is also a red flag (many MLM company try to claim affiliate purchases as retail sales), with the actual source of the revenue the only factor that should be taken into consideration.
Work a legal framework around those simple guidelines, empower Indian authorities to act on them, launch a public awareness campaign and hopefully we might start to see some change in India.
And of course all the better for the legitimate MLM industry there who, after such changes are implemented and enforced, will find it much easier to distance themselves from the “MLM stigma” scams and the scammers launching them have established.

Wednesday, April 17, 2013

999 asia

Aha another mmm and another income opportunities. Early birds can earn early so why not join with me.
GIVE DONATION OF 1000-50000 & GET 2000-1,06,000 WITHIN ONE MONTH,

Team AISPA Update on Speak Asia

Team AISPA Update: 17th April, 2013
Dear Speakasians,
We once again bring to you the current situation in the Speakasia matter as below:
SLP (cri) 3130/2013 in the Hon’ble Supreme Court of India arising out of the Disposal of ABA 1083/2012 In the Hon’ble Bombay High Court:
The Anticipatory Bail Application of our secretary Mr. Ashok Bahirwani was heard on 19th March, 2013. The ABA has been dismissed and the detailed order was uploaded on 4th April, 2013 and is available for view on the website of the Hon’ble Bombay High Court:
Mr. Bahirwani however had been provided an opportunity to approach the Supreme Court. The undertaking given by the Special Public Prosecutor that Mr. Bahirwani will not be arrested to continue till 12th April, 2013.
Consequently an SLP (Criminal) was preferred in the Hon’ble SC and the same was heard on 12th April, 2013 and it was ordered that the “Interim protection is granted, till further orders”.
The said order can be viewed on the website of the Hon’ble Supreme Court:
Pertinent to note here is that under an order dated 7th December, 2012 of the Hon’ble High court the company was served a notice to come before the Hon’ble court and explain the business model, pursuant to which the company submitted an exhaustive affidavit running into hundreds of pages.
We wish to reproduce some paragraphs from the said Affidavit as under:
“Speakasia at all times, despite various criminal cases having been registered against them maintained the stand that they are ready and willing to make payments to those who have opted for exit option. Such an endeavor could be seen from i) various correspondences written to all central and state government authorities ii) various correspondences written to Reserve bank of India iii) submissions before the Hon’ble Justice R C Lahoti iv) deposit of 10 Million US Dollars with the Supreme Court of India;
Above all, the Company is still ready and willing to fulfill its obligations towards the Panelists who have opted for exit option
The complainant in the present C.R. No. 60 of 2011 dated July 28, 2011 i.e. Navnit Khosla, as understood by us, have received his entire dues and also has filed an Affidavit before this Hon’ble High Court that he does not want to pursue his complaint any further;
In any event, strictly without prejudice to the above, there is no question of Speakasia and/or its officials having committed cheating or criminal breach of trust particularly when they are still ready and willing to cooperate with the authorities and fulfill its obligations under the Exit Option; and
It is only due to inappropriate and unfitting actions taken by various authorities arbitrarily and in haste without granting any opportunity to Speakasia, just keeping in mind negative media campaign, the present situation has arisen where Lacs of Panelists are not even able to receive the money which is due and payable to them “
ABA 174/2013 In the Sessions Court, Mumbai: This is the Anticipatory Bail Application of Mr. Aman Azad aka Vivek Roopchand Sharma.
This Application will now be heard on 18th April, 2013.
The involving of Mr. Ashok Bahirwani and Mr. Aman Azad by the EOW as accused persons and the arrest of Mr. Melwyn Crasto in November 2011 clearly exposes the EOW’s intention of harassing the panelists connected and working actively for AISPA.
This act of the EOW against AISPA is an absolute high handed behaviour on the part of the authorities whose only objective in this could be to stifle the voice of the panelists and to harm the unity of us Speakasians.
What we cannot understand is why the authorities would want to harm us the Panelists as we are only fighting for our monies to be refunded back to us. In fact the authorities like the EOW should also be interested in this as this is the only larger PUBLIC INTEREST to ensure that the monies of the small and marginal investor is safeguarded and returned to them.

EXIT PAYOUTS: We at AISPA had uploaded some EXIT PAYMENT proofs on our website, the EOW is claiming that these payment proofs put up on our website are false. We place on record with full responsibility after having done a recheck that all the proofs put up on our website are 100% genuine, clearly indicating that the EXIT PAYMENT are being effected to the bank accounts of our constituents the panelists of SAOL.
We once again urge all the Panelists who have received the payouts in the bank accounts to upload the same so that this information percolates down to the entire panel base.
We receive loads of phone calls from panelists around the country asking if the company will announce a fresh round of EXIT OPTION for the panelists who for various reasons could not opt for the first EXIT OPTION.
We at AISPA through an update of 2nd February, 2013 had urged the company as follows:
“We also wish to urge the Company that many of our members have not been able to opt for the EXIT PAYMENTS in the first phase which ended on 31st March, 2012. As such it would be only fair and proper for the company to have one more round of EXIT OPTION for all those members who wish to EXIT OUT from the business model”.
We will continue to relentlessly follow up with the company to ensure that a second round of EXIT OPTION is announced by the company for the Panelists who have missed out from the first phase.
AISPA INITIATIVE/PROTEST: In our interaction with Panelists spread across the country and on following the emotions of many Panelists on various social networking sites and other forums we have come to realize that the general mood of the panelists is that we should undertake some sort of a public demonstration on an ALL INDIA basis to highlight the excesses against us Speakasians and to bring to light before the various government and semi government authorities the inordinate delay in refunding of the EXIT PAYMENTS.
Towards this end we wish to request all Speakasians to start activating your teams and be prepared and ready to stand united together once we formalise and announce such an ALL INDIA movement to protest the delay in receiving our legitimate return of payments from the Company.
Team AISPA has created an E mail:, Speakasians are requested to send in their suggestions, opinions and their consent for working towards making this envisaged protest a huge success.
As we enter this new financial year 2013-14, the accounts of AISPA have been handed over to our Auditors for final auditing. The next AGM of the Society will be held sometime in the month of June, 2013. All members who have paid their annual membership fees for the financial year 2012-13 are hereby called upon to pay their membership fees for the financial year 2013-14 before 15th June, 2013 to be eligible for attending the AGM and to avoid discontinuation of their membership of the Society.
AISPA will update the modalities and procedure to send in your Annual Membership Fees within a few days.
Next Dates in the matters filed by the Company are as follows:
WP/3210 & 3211/2011 in the Bombay High Court: This matter is now posted for 22nd April, 2013.
WP/1127/2013 in the Bombay High Court: This is a new writ filed by the company in the Hon’ble Bombay High Court. The Matter is now listed for 22ndApril, 2013.
Stay tuned for updates in the Speakasia Matter.
Warm Regards

Monday, April 1, 2013

Speak Asia Latest Official Update

In our ongoing effort to execute the Exit policy announced by the company earlier, we had sent out two test batches of payments to a few randomly selected panelists. While the first test batch experienced some glitches, the second test batch was executed with relatively lesser number of obstacles. This has given us the courage to undertake the payment to all the applicants of the exit policy of the company.
As the company servers and database are still in the possession EOW, Mumbai, the company has decided to approach the Honourable Mumbai High court and to this end the company has filed a WRIT in the Mumbai high court with reference number WP/1127/2013 with the hearing dated expected on April 5, 2013. The company via this WRIT is requesting the Honourable court to direct the Mumbai EOW to hand over the database of the panelist so that we can execute the exit option at the earliest.

Warm Regards,
SpeakAsia Corporate Marketing Team

Speak Asia Latest Update

To claim that the aftermath of India’s Speak Asia scam has been long and arduous would be an understatement.
Back in mid 2011 the company had their primary bank accounts frozen and was effectively shut down. It was later revealed however that, amidst multiple investigations into the company, Speak Asia convinced a judge to unfreeze some of these accounts thus allowing Speak Asia to transfer over a hundred million dollars offshore to Singapore.
A few weeks India’s Crime Investigation Department (CID) managed to get the decision reversed and the accounts frozen again, but by then it was too late. The money was gone.
After much grandstanding between Speak Asia, Indian authorities and die-hard supporters of the company (mostly early investors who made lots of money or those who couldn’t afford to lose what they did and feel they have no choice but to continue to support Speak Asia in the hope the company will pay them back) in India’s legal system, today much of the focus is on the local management of the company, operating under the guise of organising and running panelist’s associations.
With a lack of updates on the status of a chargesheet being filed by the Economic Offenses Wing (despite promising to file a “watertight” case a year and a half ago now), observers and panelists both have been left to wonder what has become of the EOW’s investigation.
The fact that no chargesheet has been filed in so long has naturally been a focal point of Speak Asia supporters to assert the legitimacy of the scheme, despite it being a blatant survey-based Ponzi/pyramid hybrid.
Finally breaking months of silence on the investigative front, the Times of India reports today that
The economic offenses wing (EOW), probing the multi-crore SpeakAsia fraud, is now investigating another 150 bank accounts over suspicion of funds being transferred in the scam.
The police have, so far, already frozen over 210 bank accounts containing over Rs 142 crore.
Over Rs 750 crore was laundered across various countries. The money was sent from India to banks in Singapore and from there to Dubai before it reached Italy and the UK. It was then sent again to the UAE from the UK.
“We are conducting a thorough probe. Hence it is taking time for us to file the first chargesheet. We may file a supplementary charge sheet later,” he added.
Tracking down this money and attempting to recover it and apprehend those involved has, not surprisingly, appears to have been and continue to be a vastly time-consuming and difficult task. Not surprising however when you consider Speak Asia is the biggest scam in Indian history to date.
With its CEO Manoj Kumar still in hiding and seemingly laundered much of the proceeds of the scheme between various Seven Rings International interest around the world, I don’t envy the EOW and their task of recovering what they can and bringing those responsible to justice.
In the wake of continued misinformation being spread by Indian based ringleader panelists seeking to dangle refund carrots infront of those they accepted money from for as long as possible, naturally regular updates on the status of the investigation would be welcomed.
Unfortunately though given the scope of the Speak Asia scam, this brings with it the problem of revealing the EOW’s investigation scope, possibly tipping off those they are after.
For now I suppose we’ll just have to be content with the knowledge that at least things are still progressing behind the scenes. With Speak Asia’s CEO Manoj Kumar still hiding out in Dubai and front-woman Harendar Kaur in Singapore, it remains to be seen if India can hold them responsible and ultimately bring them to justice.

Speak Asia Latest Update

there are only three cases3210, 3211 and new case 1127 for conclusion of which we are waiting for.
All these cases are in same bench, in which 3210-11 are already clubbed. so practically there are only two conclusion to come now.
In my opinion, as the 3210-11 is on the FINAL hearing stage, verdict of all three cases may come before vacation.
But before that, detail order of ABA 1083 is about to come. In this order, many things may get cleared, and out of that one can easily smell the actual future of SAOL matter with which we all are most concerned.

According to final output of all these 3 case, company has to follow the direction given by Hon'ble high court 

Speak Asia Update

Here begins a new week which will witness the hearing of WP 3210/ 3211 and also WP 1127 in Bombay High Court. Also in Sessions Court ABA of Aman and Mr. Tejas Bhatt will be heard.
Let us pray with folded hands and crossed fingers that the direction these cases take will be in course to our basic destination . Let us welcome each development, however small as an advancement in our journey and at the same treat every debacle, however large just as a stumbling block.
We have to go together a great distance and that should be paramount in our vision. The relief being sought by the Company has to come from Judiciary which however blind it may be is judiciously right in the end. As a Chinese proverb says and I quote " Do not be afraid of moving slow but be afraid of standing still " . The progress how so ever minisicule needs to be applauded and not lamented, and this itself is our motto .

I will not be available very regularly this week as I have some familial preoccupations but I am confident that you will get authentic and fast updates as always in past 
So friends I urge you to channelize all positivity towards our end goal and that is early resumption of our company.

By Mr. Anand