Interpol had issued a red notice on the operators, on a warrant issued in a fraud case in the Philippines in 2006, but they were only apprehended earlier this month.
Extradition Request
Jakarta Metropolitan police spokesman Ketut Untung Yoga told the Malaysian newspaper New Straits Times (NST), that the extradition request was now being processed in an Indonesian court.
Vijayeswaran is a Malaysian national. The other three are Filipinos.
NST also quoted Philippines National Bureau of Investigation’s criminal intelligence division chief Ricardo Diaz as saying the only thing they could do now was wait.
"We did what was accorded in the extradition treaty and we are free to use diplomatic channels," he told NST.
"The fact is, he was properly charged without bail and he must come back [to the Philippines] for trial," he said.
NST said Jakarta Police declined to comment on a separate case where Indonesian nationals have complained against the QI leaders, saying investigations were still ongoing.
Multilevel Chain
Quest International runs a multi-level marketing (MLM) scheme where 'customers' have to find others to join the scheme to sell their main product, high priced gold medals which are labelled as 'coins'.
Eventually they are promised 'total financial freedom' if they can get others to join the scheme.
In Sri Lanka tens of thousands lost money when the scheme, then known as 'Goldquest', swept through the country. The name was later changed to Questnet.
The scheme first starts with the richer sections of society and filters down to the poorer sections, with money flowing up the 'chain' or 'upline'.
Goldquest has a binary compensation scheme which expands in a double pyramid style and requires at least ten victims (in the downline) for the most immediate member in the upline to make money.
Such pyramid shaped schemes, also known as endless chains, collapse when a country runs out of new recruits leaving the 'downline' who outnumber the upline by ten to one or more with heavy losses.
In 2004 the scheme collapsed in Sri Lanka, leaving thousands penniless. The Central Bank estimated that 15 million dollars were siphoned out of the country illegally by Goldquest operators in 2004.
Global Operations
In 2005 the Iranian government cracked down on the organization and Tehran customs seized several consignments of Goldquest products, according to the Iran Daily.
In Sri Lanka where the firm's agents were also charged with customs fraud, a customs official who had seized several consignments of gold coins and resisted pressure from above to release them barely escaped an assassination attempt.
Newsreports said people in Somalia and Ethiopia have also lost money by joining Goldquest schemes.
One of the arrested in Jakarta, Donna Marie Imson, was earlier arrested in Nepal as the scheme collapsed in that country.
The scheme had also been banned in Bhutan.
The true colors are amply exhibited in all situation around the world. There many other businesses which can earn money rightfully and with more peace of mind.
If you suscribe to Saeed and destroy your relationships with friends and relatives by hoodwinking them into this, you will end up being very lonely and suicidal. Believe me do not get caught to there jokers.
These guys know all about the scam and wrap it differently... gold coins, network marketing etc.
MNC's sell, even Triumph and Swiss cosmtics sell through MLM. But seee they do not sell something that does not have a Value. And the value is neither over valued.
Where as in Pyramiding, you would have bought a dud coin with gilt coating paying thoudand times its real value. That's wher the fraud comes in.
Even banks sell credit cards through such sceme, but there at least some REAL value is invloved-(or the reward is a cheap good for nothing trinkets given for recruiting say 5 members to the credit card. Had the bank had to employ a person to do that it would have had to pay several times the value of those trinkets-well that is entirely a different issue)
But stil the credit card has a real Value attached to it and generally the sale stops there.
You children you should also read this book
False Profits - Seeking Financial and Spiritual Deliverance in Multi-Level Marketing and Pyramid Schemes by Robert L. Fitzpatrick and Joyce Reynolds.
Read that and come back and write comment. That way you would know both sides of the issue. Then maybe someone will listen to you. I am told that a fool is born every minute.
This forum not a recruitment meeting, where you are surrounded by a group of brainwashed 'true believers' who are prepared to believe anything the guy making the presentation tells you.
I have been to a MLM meetings.
By the time the speaker comes to 'Max Out' you are so completely immersed in greed and avarice that you are willing to scam anyone (even you own brother or mother or cousin and best friend and break any law) to make get the money and gain 'financial freedom'.
Pl read book "Who stole the Americal dreams " You will get some idead about it. And dont forget to read Business School " Newyork times bestseller. Pl read it and them comment !!
Owl's point is perfect - once the snowball stops, the pyramid crashes
If you cannot understand my question then you are excused for maintaining your delusions.
Go and see a psychiatrist as soon as possible or the rest of your life will soon be a mess if it is not already.
But if the writers of the articles about QuestNet had written 1 line about the industry (which is a 80 bilion dollar industry worldwide) they wouldn;t had written such things. I'm sure.
About Iran's problem with QuestNet, I have to tell that I'm an Iranian Networker and I know all the aspects. this is not the way you wrote.
the Iranian supressive regime is trying to close all the doors to the world and QuestNet is way that people can connect the world and earn money.
the government is afraid of team works that we have in this business. It's afraid that people can get together and help each other to grow and it makes them united. however many iranians are tired of being dictated what to do, what not to do.
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