yes, you are right prateek sir, this company is fake, and can cheet with his million of clients, i have found after talking many people, and visiting many websites, that speakassiaonline.com is doing scam and it can runaway at anytime i have saw it's survay because some of my friends had thinking to join that company, so i have found many million things about the company that this company might be a fake!
On 5/15/11, m.chandrashekar <chandru...@gmail.com> wrote: > hello dear prateek, thank you for your brief explanation about speakasia, 1 > thing I wish to know that, what kind of survey they are going to conduct in > india? whether it is helpful to our country, or harmful to our country? we > should not think only earning money easily, but we should also think how the > company is benifited through this survey? our government of india is doing > survey known as n s s o that is: national sample survey of organisation. how > that speakasia is different from n s s o? what they are going to do with > collected survey data? > with best regards > m.chandru > ----- Original Message ----- > From: "prateek aggarwal" <prateekagarwa...@gmail.com> > To: "accessindia" <accessindia@accessindia.org.in> > Sent: Saturday, May 14, 2011 9:02 AM > Subject: [AI] attention please, about speak asia > > > Hi folks, > Because I’ve been noticing a number of access Indians investing and > using the online survey company speak asia, I thought to write you > this mail to inform that you may be trapped, hence you’re required to > stay cautious before investing anymore. > There are clear evidences to demonstrate that the company is > conducting a scam with more then a million customers in India now, > and because I’m suspecting some of our friends here may also get > affected, i thought to write you this mail to convey a friendly advise > of not using this company anymore. > In this email, I’ve written my foundings after a bit of research that > I’ve conducted about this company, because a few of my friends have > been asking me to do the same. > All those who are associated with speak asia or planning to get > associated are requested to please read this mail till the end before > you decide anything further. > Please, read this mail before getting purple on me, and even in that > case, i’m posting what I’ve observed, and it should be undoubtedly > clear that I have no direct or indirect connection or rivalry with > this company. Its only a sincere attempt to advise my friends on this > list that they are required to stay careful before dribbling away > their hard money. > > Also, this mail may get a bit long, so if you believe this is not of > your interest, please get away. > > > Imagine if there were an online business where you could earn a very > handsome and recurring income simply by spending 10-15 minutes per > week. To qualify, > all you need is a computer with an Internet connection and some basic > knowledge of the English language. Many of my friends here in VI > community too are opted or wanting to opt the scheme. > > The exact plan is something like this. You give me $200 as an > enrollment fee and in return, I will pay you $40 per month for the > next 12 months. You make > a neat profit of $280 with no effort but there’s something more. If > you can convince some of your friends to join the program, you get a > commission on > their earnings as well and so on. > > The company in question is Speak Asia Online – they’re running an > online survey business In India on a similar model and have been > massively successful > in their mission so far. > > I’ve been receiving emails from the company from a few months asking > me to join their survey business, but i’ve never took attention at > that time. It was only last month, after talking to some people, did I > realize how popular they have become among households in India mostly > through word-of-marketing. > > One of Speak Asia’s franchisee suggested on phone that they have more > than a million members in India, that’s 1% of India’s total Internet > population, and > the above > > the advertisement and marketing campaign of the company is on its > rise, and you can notice the words about speak asia in different news > papers, TV channels, social media websites and other mediums. > > So, is the company a true player? Is it a legit or scam? > Because some people have been sending me emails and asking about it, I > thought to do a bit of research on this, and following is what I found > out: > > > Number 1: > The company’s website – speakasiaonline.com – suggests that they are > based in Singapore and the contact address listed on the website seems > to match > with the Whois information of their website domain. They claim to have a > certificate from ACRA > (Singapore’s compliance authority) but a quick search > suggests the company is no longer eligible for receiving the > “Certificate of Compliance.” > > The records, publicly available at > acra.gov.sg, > also suggest that the company “SPEAKASIA ONLINE PTE. LTD.” was > previously known as “HAREN TECHNOLOGY PTE. LTD.” and “PAN AUTOMOTIVES > PTE. LTD.” but little > do we know about their past operations. > > #2.: > The company says their revenues will exceed $115m this year but if > you Google the names of their top executives – Harendar Kaur (CEO) and > Tarak Bajpai > (India head) – there’s absolutely no information. That’s very > surprising especially when these people are handling a successful and > global business of > this scale. > > #3.: > In order to become a member of Speak Asia Online, all you need is a > bank account and the company will directly transfer monthly revenues > to your bank > account from United Overseas Bank (UOB) Singapore. They require no > documentation or proofs even when we have such strict banking rules in > India around > foreign transactions. > > #4.: > The USD:INR currency exchange rate fluctuates around the INR 45 mark > but Speak Asia makes all payments at INR 50. That’s 10% above the > market price > and no sensible for-profit company in the world would be willing to > lose money like that. > > #5.: > Speak Asia representatives told me over phone that they are > distributing millions of dollars every week to their Indian > subscribers, still the company has > no office in India, there’s no support center to assist customers and > above all, Speak Asia Online is not even a registered business in > India. > > Number 6.: > The background of the company looks really interesting for this matter. > Company Background: – Speak Asia Online Pte Ltd. > > Formerly named: – Haren Technology. > > Formerly named: -PAN Automotives. > > Formerly named: – HAREN VENTURES. > > Formerly named: – HAREN AUTO PARTS. (F.K.A.) > > Formerly named: – HAREN MULTICONSULT TRADE SERVICES. (F.K.A.) > > The point is, Why they’ve been keep changing companies? > > Number7: > Speak Asia mentions their Singapore contact address as “10 Ubi > Crescent, #07-68, Ubi Techpark, Singapore 408564.” A quick search on > Google suggests > that several companies in Singapore are sharing that office space. > My simple google search has brought the following companies who are > using the same address for their office as speak asia: > Valves.Com > SBS Consulting. > > this likely means that the address is used by a third party to > register companies to, and no real business operates there. > > Number 8: > The company has a franchisee model so at the face of it you are not > paying anything directly to the company “Speak Asia” and it goes in > the name of the > franchise (bank account) and who further pass that money to someone in > Mumbai and all get to keep a certain % out of it. If its such a big > company they > should provide an option to pay online through credit card directly to > them instead of making so many layers of people accepting payments on > companies > behalf and would have helped them with instant signups. > > Number 9: > They claim they are established in Singapore / Malaysia / Indonesia > but after doing a lot of research I didnt find enough evidence that > proves that they > are getting enough traffic from any of these countries to prove their > claim. They are mainly in India and Bangladesh only. > > Number 10: > They claim that bharti airtell, ICICI bank, bata, etc are amongst > their clients but according to star news report at > http://www.youtube.com/watch?v=93VMHoiEa90 > > its just a lie, and bharti as well as ICICI already confirmed that > they have no association with this company. > > So if you are part of Speak Asia or newly invested 11000/- so, for > the first three month it is actually just paying out your own money > back. So for the > company there is always a buffer time of 3 months for the people to > even realize how they have been gamed / duped. To keep the ship > sailing they need to > double their signups every quarter which is luckily happening for > them, So that they can pay the earlier and current customers from that > money and keep > some money for advertisement to maintain their signup targets. > > So what will happen once the company falls short of their target of > adding more people to its subscribers list? > > The first thing will be that there will be a rate cut in the surveys. > Secondly we see less frequent surveys and at the end there will be > hardly any surveys. > The company is liable to pay only when you participate and fill the > survey and as an user you can’t sue the company as they are not liable > to pay anything > to you in the event there are no surveys. The initial 11,000 (which is > soon going to be 15000) is towards the E-Zine so you continue to get > that E-Zine. > > What happens when the company stops Surveys or doesn’t pay? > > Well nothing can be done due to the following reasons: > > • The main company is registered in Singapore so to recover 11000 > hardly anyone will travel to Singapore to file a case against them in > Singapore Court. > • The company is selling you E-Zine and you have paid 11000 towards > that and not towards the Survey. Your payment of Rs.1000 / 2 surveys > is toward the Surveys > you fill. So on that ground too the company is safe. > • Let’s assume something goes wrong and the Indian authorities goes > after this whole scheme and in that case the company can easily bail > themselves out > saying they have not received any money from them cause none of the > payments is made in their name rather it’s in the name of the > Franchisee who are paid > a certain % to forward that to the main distributor and who further > pass it to someone else. So the person you can only catch is the > person to whom you > made the payment. But sadly the problem is that even that person is > the victim of this whole scheme. Unhappy > > So how can someone run such a huge thing without anyone noticing it? > > This is India and anything is possible. We easily believe in such > schemes and are really fond of such online money making schemes. > All of us want to earn a quick money, and this is exactly what these > companies use in filling their accounts and robbing ours. > > A little more of my search to google has given some results where > people are openly discussing their ideas and opinions about this site: > > http://www.suchetadalal.com/?id=a60a3ffc-a8bd-0368-492e822e450e&base=sub_sections_content&f&t=Home+Trade%27s+%27starry%27+gameplan > > http://blog.investraction.com/2011/04/speak-asia-scam-or-for-real.html > http://www.suchetadalal.com/?id=90890ade-4fcf-f284-4da58466269d&base=sections&f > http://www.aboutindiatoday.gen.in/2011_02_01_archive.html > http://www.moneylife.in/article/speakasia-still-cant-show-valid-legal-documents/15551.html > > till the date everyone is getting paid from SpeakAsiaonline.com but no > one who care what the actual reality behind it. You may be duped > anytime, so as a well wisher and friend, I advise you to keep yourself > away for such scam businesses. There’s nothing like simple and quick > money in the world, and noone has right to fish your tough money that > you’ve earned after a lot of efforts and hard work. > > There have been many such examples of people who got robbed by > companies like these, so please, for god sake, stay careful. > The choice is yours, I just wanted to share what I have observed and fount > out. > Regards, > Prateek agarwal. > Director, > Daedal technovations pvt. Ltd. > www.daedaltechnovations.com > We bring the change we wish to see! > > Website: > www.prateekagarwal.webs.com > | > www.prateekagarwal.tk > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. 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