QNET Scam: Debunking the Rumors

There have been several rumours circulating about QNET, a multi-level marketing company, being a scam. However, QNET has denied these claims and attributes any negativity to unfair distributors. Let’s take a look at the facts about QNET and see if it is really a scam.

Presence in the US, Canada, Australia & India

QNET has a presence in four countries: the United States of America, Canada, Australia and India. No companies with scams have their headquarters located in these regions. Furthermore, QNET is listed on the Australian Stock Exchange (symbol QNET). This alone debunks all rumours about the QNET scam.

Australian Securities and Investment Commission (ASIC)

QNET is listed on the Australian Stock Exchange (symbol QNET). This alone debunks all rumours about QNET being a scam. Most importantly, in 2010, when many MLM companies were reported to be scams, ASIC took immediate action against these companies and shut them down. However, even after a thorough investigation by ASIC, no report was found about the QNET scam.

State Government of Victoria

In 2013, the state government of Victoria in Australia conducted an investigation against QNET. After thorough scrutiny from the investigators, it was revealed that there was not enough evidence to come to a conclusion about the QNET scam. In 2014, ASIC conducted another investigation and came up with similar results.

All India Direct Selling Association (AIDSA)

The All India Direct Selling Association (AIDSA) is the only self-regulatory association for direct selling companies in India. AIDSA inspects all direct selling companies regularly to ensure that they follow the rules and regulations. QNET was inspected by AIDSA and was following the rules and regulations. Therefore, QNET is not a scam company.

QNET’s Legal Team

At present, there is no law in any country which prohibits direct selling companies from operating or carrying out their business activities. It is stated on QNET’s website that it follows all the applicable laws and regulations. Moreover, QNET has a legal team that assists the company in any legal matter that may crop up from time to time.

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