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The headquarters of thecompany is Hong Kong and it has many registered offices in many countries likeIndia, Egypt, Taiwan and Australia. Questnet boasts of a wide ranging productportfolio. The company deals with different kinds of luxury products andcollectibles. It also sells tour and holiday packages, jewelry, nutritionproducts, health and wellness products, energy products and cosmetic products.This company has adopted a multi-level-marketing strategy combined with thecommerce business model in some countries. Questnet trains and then recruitsIndependent Representatives and provides them with a virtual office which theyhave to utilize to promote the company and its products. Their compensationwill depend on their individual sales volume as well as the sales volume oftheir entire team which functions on the binary model. Questnet is also one ofthe members of the Direct Selling Association of Singapore and Malaysia. Itsoffices can be found in different places like Taiwan, Philippines and Indonesiaand it also operates in Saudi Arabia and Egypt. In the recent times, there hasbeen much maligning of the companys name and reputation. Scores of articleshave been published online about the Qnetscam. While many are aware of the Qnet con, not everyone clearly knowswhether the news is genuine or whether these are just malicious rumors beingspread to tarnish the companys image. The Qnet scam articles that have beenpublished on various websites online take of the company operating Ponzischemes.
The firm is accused of operating a fake,product oriented pyramid scheme which is typical of all multi-level-marketingcompanies. In Indonesia and Iran, many of these accusations against the companyforced the founders to shut down the firm after the government officialsstarted arresting the key employees of the company. There is one another aspectof the Qnet scam which had to do with thename of the company. GoldQuest International Corp, a USA based firm founditself in the spotlight due to the negative rumors surrounding Questnet Limitedwhich was earlier known as Goldquest. Questnet was termed by the US Securities& Exchange Commission as a ponzi and pyramid scheme. Often, the Alberta Securities & ExchangeCommission is also mistaken for Qnet Limited. However, the USA based companyhad no whatsoever connection with Goldquest which was later renamed asQuestnet.
Questnet was launched between the period 1998and 2000 and at the time of its launch, it was named GoldQuest. In the year2003, it diversified its operations and extended to wide ranging productportfolio along with different services. The company also went marketingstrategy overhaul and came to be known as QuestNet. GoldQuest, as the name ofthe company was discontinued in the year 2003. The company has not conductedany business under the GoldQuest since 2003. Several reports that have beenpublished online about the scam are largely groundless and the firm claims tobe a registered member of Direct Selling Association of Malaysia and Singapore.Qnetscam is nothing but a manufactured story created by competitors who hadvested interests in bringing the firm down.