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.
DOMESTIC INTRODUCTION• India - February 2010•Half year company manages to join 13 lacs member .•Mr. Manoj Kumar CEO-India.•Speak Asia is not registered as acompany in India as it is not a PE.•Promoting throughadvertising, events, PR and othercommunications channels.
ABOUT SPEAK ASIA Invest Rs. 11000 Weekly two survey1 week Rs. 10001 month Rs. 40001 year Rs. 52000
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
REGISTRATION• Click on Register and fill in the required details carefully.• After continuing, check for the correct Left or Right position• Recheck your Email Id &MobileNo• At this stage the Bank details canbe skipped submit CONGRATULATIONS!
SPEAK ASIA SCAMThe company name is: SpeakAsia Online Pte Ltd.formerly known as : Haren Technology Pte. Ltd.
SPEAK ASIA SCAM Valves.Com Pte SBS Consulting Ltd Pte. Ltd.
SURVEY MONKEY TOOL• 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.
PYRAMID SCHEMES Chain Marketing MechanismUnstability increases in the base of the pyramid forcing thecompany to quit.
PONZI SCHEMESPonzi scheme pays returns to its investors fromtheir own money.
PEOPLE INVOLVED IN SCAM•TARAK BAJPAI - Coo Speak Asia Management•RAJEEV MEHROTRA - Technical Head Of ThePortal•SHAIKH RAIS LATIF - Assistant For Daily PortalOperations And In-charge Of Regular Pop-ups.•RAVI JANAKRAJ KHANNE – FinancialAccountant
PEOPLE ARRESTED • Mr. Tarak Bajpai ( COO ) In India. •He is the face of Speak Asias India operations. •He mainly handled training, communication with members •He was arrested on 29th July 2011 in Indore. •He has disappeared.
WHAT INDIAN MEDIA HAD TO SAY• Times of India: Another company goes to town with easy money scheme• Hindustan times : A Ponzi? Government, police probe Speak Asia
SOME LOGICS• 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• 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
CONCLUSION• 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)