How Indian company frauds and easy money scams like Speak Asia Online have duped over 2,400,000 Indians, most of which weren't even from well to do families, with Indian Rupees 227600,000,000 (USD $3670967741), most of which is still uncovered or un-traced.
Social media and digital marketing have actually harmed Indian people, as they are not aware of such opportunities which look genuine and are promoted by people with good standing.
Indian blogs can help to make India safe, by using there power to spread the word in a positive way.
Indian Company Frauds - Speak Asia Online - Easy Money Scam
5/16/2015 About India's Today: Speak Asia Online Scam or opportunity
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About India's Today
India is today struggling to get things right and every Indian has a key role to play. India nee
support of all Indians and from people who believe in India and its philosophy of human values.
Speak Asia Online Scam or opportunity Enter Er
Speak Asia Online is a Singapore based company
ASIA (Soeakasia Online Pte. Ltd. ) which offers Su
“= °“*-*E'š~ 'JUR *? F'u<”í>'* opportunity to make money from paid online surveys.
There offer seems to be legitimate opportunity for Delivered
anyone who wants to make money from home with a Feed
computer and internet connection.
Today it has spread its wings across India at large and other SAARC
countries namely Bangladesh and Nepal, as a number of people are its member
and they make money when somebody joins SpeakAsiaOnline using there Goog1e+
referral, these members do not want to listen anything against this company
or its opportunity and are trying to promote it as a honest money maker and P°”"""P°“s
some of them are also promoting it by spreading that its a legitimate
well, I don't consider SpeakAsiaOnline to be a legitimate or honest Onlme 15
. . „ . . based c0m¡
opportunity due to a number of reasons, some of which I m writing Speakasia
down. Please note that I personally don't have to say anything Ltd_ )Wh_
against anyone but its my duty to disclose my opinion when a number opportuni'
of Indians are fooling themselves and others, for something which may morleš/ fro'
SUI' . . .
or may not exist in future and most of them are not making much money
from Surveys alone but by recruiting others as member panelists.
Basic Information About SpeakAsiaOnline Am<
5peakAsi`a0nli`ne. Com on internet is nothing but a domain name owned and Imha
registered by someone for a private limited company registered in Singapore, Llvlng CO:
. . . . . has been 4
this domain name itself was registered on 21st January 2010 and is only rising al'
registered for 3 years right now i. e. upto 21st January 2013 today. Its cost of b„~
official address is: amenities
also an in
' l I
Speak Asia Online Pte. Ltd. rapld y C
70 Ubi Crescent, #07-68, Ubi Techpark, Sy'
Singapore 408564 In.
RCB Number: 2006788090 Un
Phone: 0065-63430887 / 0065-67493743 _ m'
mtpi/ abomindiatodayblogspotirw/ Zm1/Ozlspeakasiaoriirxe-Iegítimate-scam-onhtml 1/7
5116/2015 About India's Today: Speak Asia Online Scam or Opponuily
Fax: 0065-67422877 graphical
Daily Readųpercent) Percent ofglobal Internet users who Dollar
speausiaonlinocom vlsiispeakaslaonlinecom: but now II
°~°*' 'H' " "' " ' "' r” ' ma emme Currency
0.03 Yesterday 003000 +50%e OW" ldent'
, m 7day 003110 0%! „om“ GO
1momh 002070 +555“ Wmmylnl In.
3monlh 001920 +530?” MP se'
Sep Oct Nov Dec Jan Feb -
Trängßcnoníhsv Mercury ä"
On the li;
SpeakAsiaOnline is most popular in India, Bangladesh and Nepal, all of which Polltßíal
are developing countries with a number of poor educated/ semi-educated ? :;: r:: t::
youth, who are always looking for easy ways to make money without much India It
efforts and a number of opportunities targeting this segment of market are been notia
frequently floated in various forms by many companies and people in the
Membership of this company Speak Asia Online from India has skyrocketed in
last three months as its based on a MLM (Network Marketing) concept and Pride of j
people who are already a member are luring others to join due to a number of It iS a W'
reasons. that a pl'
worth a tl
SpeakasiaonIine. com's Worldwide
„am na“ and a Vidu
Country (MD”*F%ZDI1) Rank Wel-
. Bangladesh 43
= lndla 320 In'
R Nepal 472 Bu'
Traffic Ranking of Speak Asia Online mil
11 in Ind.
You can see its latest Worldwide Traffic Ranking, it is ranking high in E: ;šü: T:n_
these three countries Bangladesh India and Nepal which are still developing budget wa,
countries with a major part of population living below poverty line.
Please note that paid online surveys cannot uplift the economy of any
country, these are only conducted by market research companies who
pay participators who contribute there views about various products ggššížsT:
and services and help market research companies to know more about Will be w
there customers mindset. common per
Is It A Scam or An Opportunity Ežtšâästa'
well it is not a real legitimate opportunity, its just an opportunity for Her-e 15 a
scammers and those who only want to make money without considering its list Of Pi
source and purpose, it is a good opportunity for people who can recruit Constltue'
others as member, just like common MLM opportunities, spread across market. Ešvßltíšmz:
Here are few facts that may be considered: aVaílable
mtpJIabouindiatodaybIogspotin/ Zm llozspeakasiaodine-Iegitimate-scam-orlíml 2/7
About lndia's Today: Speak Asia Online Scam or Oppomnily
1. SpeakAsia0nline. c0m is a web based business and its domain name was
registered in year 2010 only. Anyone can register a domain name, even right
now and then get a website designed by someone and if it works as per the
plans, then one can extend registration for more years.
therefore is beyond the jurisdiction of Indian Laws. In India we don't know
2. SpeakAsiaOnline is registered as a Pvt. Company in Singapore and
about the basic requirements of getting a company registered in Singapore,
conditions on which it can work, its responsibilities etc. etc. Even here in
India we can get our own private limited company registered if we are ready
to invest few thousand rupees.
3. SpeakAsiaOnline is a membership based site i. e., one must invest in its
membership before, he/ she can participate in its weekly surveys and make
money, the membership fee is $10O i. e, INR11,000 per annum, which has to be
paid each year.
Please note no survey company in the world asks for money from participants
to take surveys. Surveys are conducted for market research and are therefore
useful and even important for companies to understand market before
launching a product or service or just to plan there business strategies,
anyone can join some companies
without paying anything like Global Test
(which pays in Indian Rupees via Cheque and do not deduct any
which conduct online surveys globally.
Companies or some people who maintain a database of such companies do ask
for money to give access to there list of Paid Online Survey companies.
None of these companies charge a recurring annual fee.
4. SpeakAsiaOnline is paying 10 points (1 point equals 1 USD) which is too
much for a country like India, Nepal or Bangladesh. I don't think that even
companies that conduct surveys in USA/ UK pay this much for a similar survey
satisfy this are only allowed to take survey (cause there are limited number
5. Every good survey company preliminary survey of every
participant before allowing him/ her real survey and those who
of participants allowed for a specific profile).
If you have already joined or are willing to join then please do read this
httpJIabouindiatodayblogspotin/ Zm llozspeakasiaodine-Iegitímate-scam-orlml
Are we sa
in US Auc
was hot. "
lot of pn
in 2009 (
About India's Today: Speak Asia Online Scam or opportunity
post when its completed and share your views via commenting here. I'm quiet
sure that there is
something wrong with SpeakAsiaOnline Opportunity in
You can read more at Yahoo Answers India answers to a question on "what is
Speak Asia 0n1ine? ". You can see that almost all people who replied (except
one) are members of this MLM company (Speak Asia) and trying to recruit
other members under there own downline.
Speak Asia Online Compensation Plan Video - Youtube
Speak Asia Online opportunity and as the
it seems a number of Indians have already invested there money in
income from weekly surveys is
limited, they are trying to recruit as many people as they can using various
(today I offline) and
means see more marketing propaganda online and
I n' hink ei h r h m n r i m m r ho l worr ou hi r
1. . . . 1: Š Š . .
is also the case with legislative assemblies, a number of scams and
corruption cases are being surfaced and more are taking place and yet to be
discovered. In-spite of all these facts and our familiarity with these
issues and people we recruit/ elect same people again and again after some
time and they reach parliament and assemblies again to make India proud? ??
why, because we are Indians & Indians are known to be aware of there rights
and duties. Read more in Facts About India Today.
SPEAK ASIA VIDEO BY STAR NEWS INDIA
If you are using a fast internet connection and have
enough data download limit then watch this video on
Speak Asia Online by Star News India
mtpJIabotIindiatodayblogspotin/ Zol lim/ speakasiaodine-Iegitímate-scam-oixríml
hum ko ma
About India's Today: Speak Asia Online Scam or Opportunity
Latest Speak Asia Online Trafüc Explosion Stats
as on 29/03/2011
Global Traffic Ranking is now 2,473 (courtesy, Indian Population)
Traffic Ranking in India now 125
Traffic Ranking in Bangladesh now 44 (decreased by 1 place)
Speak Asia Online on 21/04/2011 Global Rank 1935, India 107
SPEAK ASIA ONLINE CONTINUES TO PULL MORE TRAFFIC
Pw-. ~n| n1'; Inli:1l
visit : peal 32130!
'tamm 1.07*. . Im
Daily Reach (percent)
spea-. asiaor : necom
Yesterday 017100 +11°/ ›-. r
1 month 011580 oI7°/ o c:
O 07670 07.11% L.
Mai Apr May
'izihng 3 'rooms . I
TRAFFIC FROM INDIA CONTINUES TO EXPLODE SPEAK ASIA WEBSITE
AS on 16 May 2011
SPEAK ASIA REACHES NEW TRAFFIC RANKS IN INDIA &
. ai i -54 104
c ' c ' a I'l' ' ~ u
Speak Asla Oulu-e Reaohes New Helgi! ! II` IL: Indian L Global Ranking mis on lo õ 201*
Thanks to Indian Population & Opportunity Seekers Speak Asia is Now Ranked
1268 Globally & 54th in India
Speakasiaonline. com has a three-month global
traffic rank of 1,268. The fraction of visits to
site referred bv search engines is roughlv 11%.
India, where it is ranked #54, it is also popular
httpi/ abottíndiatodayialogspotirvzm llozspeakasiaorline-Iegítimate-scam-ochtml
of visitors to this site come from
indo us c
indo us c
indo us m
lack of c
made in i
About India's Today: Speak Mia Online Scam or Opportuily
Bangladesh, where it is ranked #46. Visitors to
Speakasiaonline. com view an average of 16.4 unique pages
per day. Relative to the overall population of internet
users, the site's users are disproportionately male, and
they are disproportionately low-income, childless people
under the age of 25 who browse from home and school.
This post was initially published on 1st February 2011 to
help people to take informed decision but unfortunately, most
of its members and people who are joining do not actually know
how to operate a computer or browse the web. So, this has not
helped to the extent it was intended, except drawing attention
of some real Indians and media.
Gi: i:ia1Ran« `
. - 88,826
COJTU Carter: on' zur:
¡` v; 5 '. ~` s : ors : y County' 89 911:
SpeakAsia Online Fraud of INR 2,276 Crores: Duped Around 24,00,000 Indian Investors
Speak Asia Online Fraud duped over 24 lakh investors various
Indian states as well as neighbouring countries. According to
reports published in media the amount of scam went up to INR
According 'CO sources, money landed in UAE in the bank account of Haren
Ventures- owned by Harvinder Kaur.
in Singapore and from there to Dubai, Italy and UK. Interestingly, the money
came back from UK again to UAE (Dubai), " an investigating Officer in
"The money was sent from India to banks
A Serious Fraud Investigation Office (SFIO) has completed its
"The case of only one entity conducting online activities
without getting registered under the Companies Act, namely,
SpeakAsia, which came to the notice of this Ministry, was
referred to the SFIO. The investigation report of the SFIO has
been received, " finance minister Arun Jaitley has said in
So, things are still not clear as funds collected by this
fraud are still untraceable, but what about the youngster, who
not only lost money but also a hope, just because they were
hnpJ/ abouíndíatodayblogspotin/ Zm 1lo2lspeakasiaonline-legitimate-soam-otliml
mp for 3
work in L
About India's Today: Speak Asia Online Scam or Opportuily
targeted and targeted using a well planned trap, digital
marketing and a modern approach to fraud.
You can read more at
1. http: //indiatoday. intoday. in/ story/ speakasia-fraud-case-
2. http / /www. dnaindia. com/ india/ report-speak-asia-country-
3. http: //timesofindia. indiatimes. com/ business/ india-
Today I've just discovered another serious online/ offline
digital marketing cum obscene branding taking place in India,
with the help of some modern looking, illogical thinking
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