Wednesday, 28 December 2016

Qnet scam: Rs144 crore recovered so far

Jayprakash S Naidu
Jayprakash S Naidu 
Hindustan Times
Highlight Story

Former billiards champion Micheal Ferreira is one of the prime accused in the Qnet scam. (HT Photo )

The Economic Offences Wing (EOW) of the Mumbai Police, probing the money trail in the QNet case, has so far recovered Rs144 crore by freezing several bank accounts of the accused.
The EOW has appealed to investors to come forward and file complaints against the accused, so that their money can be returned.
An EOW official said five lakh investors were affected and that the scam runs into Rs1,000 crore. The Rs144 crore was recovered by freezing bank accounts of the accused and those bank accounts where the money was transferred. A lot of money has been sent out of the country, the official said. The official added that so far, they have received written complaints from only 400 victims from across India and have hence appealed to other investors to come forward.
In all, 30 people have been arrested. The official said Srinivas Rao Vanka, the director of Vihaan Direct Selling India Pvt. Ltd and Michael Joseph Ferreira, former world billiard champion, are among the key accused.

Tuesday, 27 December 2016

'MLM' Pitchman, Donald Trump, Picks 'MLM' Racketeer, Betsy DeVos, as Education Secretary.

Donald Trump,Betsy DeVos 

Earlier today my Blog was swamped with visits to 'Amway' pages. I then discovered that Donald Trump has named Betsy DeVos as Education Secretary.

As Donald Trump gets set to take over as the next US President, media attention has again suddenly focused on what he will do with his business and whether his largely-opaque money making activities represent a conflict of interest prohibited by the US Constitution.

During the campaign,Trump never stopped boasting of his tremendous wealth and business skills. He now claims he will hand complete control of his business to his three eldest children - Donald Jr, Ivanka and Eric. However, this move has done nothing to allay fears that Trump will exploit the presidency to his own financial advantage and to that of his associates.

To date, only a few journalists have delved into Trump's 'MLM' racketeering activities, but perhaps the appointment of Betsy DeVos will change this situation.

For decades, the Utopian 'MLM income opportunity'  lie has been used to bedazzle, blame and steal billions of dollars from, millions of constantly-churning victims around the world. 

See original image

See original image 

The appointment Ms. DeVos to an influential position of government in itself represents a huge conflict of interest. For a start, she is a prominent member of one of the original 'Amway' cultic crime families, whilst her brother, Erik Prince (the instigator of 'Blackwater'), has been one of the most-controversial figures in the USA in recent years.

David Brear (copyright 2016)