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 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 some of them are also promoting it by spreading that its a legitimate investment opportunity.
Well, I don't consider SpeakAsiaOnline to be a legitimate or honest opportunity due to a number of reasons, some of which I'm writing down. Please note that I personally don't have to say anything against anyone but its my duty to disclose my opinion when a number of Indians are fooling themselves and others, for something which may 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
SpeakAsiaOnline.Com on internet is nothing but a domain name owned and registered by someone for a private limited company registered in Singapore, this domain name itself was registered on 21st January 2010 and is only registered for 3 years right now i.e. upto 21st January 2013 today. Its official address is:
Speak Asia Online Pte. Ltd.
10 Ubi Crescent, #07-68, Ubi Techpark,
Singapore 408564
RCB Number: 200618809D
Phone: 0065-63430887 / 0065-67493743
Fax: 0065-67422877
SpeakAsiaOnline is most popular in India, Bangladesh and Nepal, all of which are developing countries with a number of poor educated/semi-educated youth, who are always looking for easy ways to make money without much efforts and a number of opportunities targeting this segment of market are frequently floated in various forms by many companies and people in the region.
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 people who are already a member are luring others to join due to a number of reasons.
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 people who are already a member are luring others to join due to a number of reasons.
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| Traffic Ranking of Speak Asia Online |
You can see its latest Worldwide Traffic Ranking, it is ranking high in these three countries Bangladesh, India and Nepal which are still developing 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 and services and help market research companies to know more about there customers mindset.
Is It A Scam or An Opportunity
Well it is not a real legitimate opportunity, its just an opportunity for scammers and those who only want to make money without considering its source and purpose, it is a good opportunity for people who can recruit others as member, just like common MLM opportunities, spread across market.
Here are few facts that may be considered:
1. SpeakAsiaOnline.com 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.
2. SpeakAsiaOnline is registered as a Pvt. Ltd. Company in Singapore and therefore is beyond the jurisdiction of Indian Laws. In India we don't know 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 $100 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 Market (which pays in Indian Rupees via Cheque and do not deduct any redemption charges) which conducts online surveys globally.
Companies or some people who maintain a database of such companies do ask for money to give access to their 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 regularly.
5. Every good survey company conducts a preliminary survey of every participant before allowing him/her to take real survey and those who satisfy this are only allowed to take survey (cause there are limited number of participants allowed for a specific profile).
If you have already joined or are willing to join then please do read this post when its completed and share your views via commenting here. I'm quiet sure that there is something wrong with SpeakAsiaOnline Opportunity in India.
You can read more at Yahoo Answers India answers to a question on "What is Speak Asia Online?". You can see that almost all persons who replied (except one) are members of this MLM company (Speak Asia) and trying to recruit other members under their own downline.
Well, it seems a number of Indians have already invested their money in Speak Asia Online Opportunity and as the income from weekly surveys is limited, they are trying to recruit as many people as they can using various means (today I see more marketing propaganda online and offline) and personal resources.
I don't think either the company or its members should worry about this, our parliament in India is itself a house for a number of tainted MPs, and this 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???
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 2,276 crore.
According to sources, money landed in UAE in the bank account of Haren Ventures- owned by Harvinder Kaur. "The money was sent from India to banks 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 2013.
A Serious Fraud Investigation Office (SFIO) has completed its probe (2015).
"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 February 2015.
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 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-eow-team-speakasia-online-enforcement-directorate-indian-investors/1/326057.html
2. http://www.dnaindia.com/india/report-speak-asia-country-head-5-others-held-in-multi-crore-scam-2057425
3. http://timesofindia.indiatimes.com/business/india-business/Prosecution-in-Rs-700cr-SpeakAsia-scam-soon-FM/articleshow/46403609.cms
You can read more at Yahoo Answers India answers to a question on "What is Speak Asia Online?". You can see that almost all persons who replied (except one) are members of this MLM company (Speak Asia) and trying to recruit other members under their own downline.
Speak Asia Online Compensation Plan Video - Youtube
Well, it seems a number of Indians have already invested their money in Speak Asia Online Opportunity and as the income from weekly surveys is limited, they are trying to recruit as many people as they can using various means (today I see more marketing propaganda online and offline) and personal resources.
I don't think either the company or its members should worry about this, our parliament in India is itself a house for a number of tainted MPs, and this 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
Latest Speak Asia Online Traffic 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)
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| Speak Asia Online on 21/04/2011 Global Rank 1935, India 107 |
SPEAK ASIA ONLINE CONTINUES TO PULL MORE TRAFFIC EACH DAY
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| TRAFFIC FROM INDIA CONTINUES TO EXPLODE SPEAK ASIA WEBSITE |
SPEAK ASIA REACHES NEW TRAFFIC RANKS IN INDIA & GLOBALLY
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| Thanks to Indian Population & Opportunity Seekers Speak Asia is Now Ranked 1268 Globally & 54th in India |
Speakasiaonline.com has a three-month global Alexa traffic rank of 1,268. The fraction of visits to the site referred by search engines is roughly 11%. While approximately 92% of visitors to this site come from India, where it is ranked #54, it is also popular in 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.
****
SPEAK ASIA FRAUD
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| SpeakAsia Online Fraud of INR 2,276 Crores: Duped Around 24,00,000 Indian Investors |
According to sources, money landed in UAE in the bank account of Haren Ventures- owned by Harvinder Kaur. "The money was sent from India to banks 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 2013.
A Serious Fraud Investigation Office (SFIO) has completed its probe (2015).
"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 February 2015.
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 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-eow-team-speakasia-online-enforcement-directorate-indian-investors/1/326057.html
2. http://www.dnaindia.com/india/report-speak-asia-country-head-5-others-held-in-multi-crore-scam-2057425
3. http://timesofindia.indiatimes.com/business/india-business/Prosecution-in-Rs-700cr-SpeakAsia-scam-soon-FM/articleshow/46403609.cms
4. https://timesofindia.indiatimes.com/india/speak-asia-promoter-held-for-rs-2200-crore-scam/articleshow/26434497.cms
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 Indians.
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 Indians.
