Wednesday, June 1, 2011

Speak Asia Scam

Apparently a Ponzi scheme called Speak Asia that has become extremely popular in India is coming under fire as many of their claims are being proven false. It's a online survey scam where they get you to give them money which you get payed back and earn a profit the more you work for them. You also get more money by getting other people to fall for it. However, now the Indian government is investigating Speak Asia's financial activities. The company is not based in Singapore as they claim, but in the British Virgin Isles.

 I think it's terrible that such a large scale scam has made so much money and ran unchecked for so long without the Indian government investigating. I hope that the people that got their money stolen get reimbursed.

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