QNET, a global lifestyle and wellness company has revealed that it is fully cooperating with police investigations following reports of the arrest of some 487 individuals in Kumasi in alleged misrepresentation.
The Ghana Police Service yesterday, 2nd September 2024 announced that through an intelligence-led operation, it had arrested four hundred and eighty-seven (487) suspects who are members of the Ponzi scheme known as QNET in Kumasi in the Ashanti Region.
The post on the Service’s official X account added that “the suspects, consisting 257 females and 230 males, were arrested in a house located at Adwuman near Kenyasi, a suburb of Kumasi.”
However, QNET has strongly emphasized that it is a legitimate direct-selling business, not a Ponzi scheme, as reported.
The company noted in a statement that “unlike Ponzi schemes, QNET’s direct selling model allows individuals to become independent distributors of QNET products, earning commissions based on sales rather than recruitment. QNET’s business model is built on product promotion and sales, not on recruiting individuals. The company has invested in educating key stakeholders, including security agencies and the public, about its business practices.”
The statement went don’t to add “Additionally, QNET has recently launched “QNET Against Scams”, a comprehensive 360-degree brand awareness and anti-scam campaign to demonstrate its commitment to combating scams and addressing misrepresentation linked to the Ponzi scheme label.”
“Unlike ponzi schemes that typically collapse within a few months or years, QNET is 26 years old and our commitment to ethical standards remains unwavering, aligning with our mission to empower individuals through genuine opportunities and premium products. QNET is also actively involved in empowering communities through initiatives such as FinGreen, our signature financial literacy programme that has benefitted over 2,700 individuals in Ghana, Nigeria, and Turkey,” the statement added.
QNET has set up a dedicated hotline on WhatsApp (+233256630005) and email network.integrity@qnet.net to receive reports of suspicious activities in its name for prompt action.
About QNET
QNET is a prominent lifestyle and wellness company that uses a direct selling business model to offer a wide selection of exclusive products that enable individuals to embrace a healthier, more balanced life.
Since 1998, QNET’s innovative products and e-commerce-driven business model have helped build a global community of satisfied customers and microentrepreneurs, who are driven by the mission of RYTHM – Raise Yourself To Help Mankind. Popular product brands offered by QNET include the Bernhard H. Mayer range of luxury watches and jewellery, HomePure range of home care products, the Amezcua wellness range, Physio Radiance personal care range, and QVI branded holiday packages.
QNET proudly holds memberships in the Direct Selling Association in several countries, the Hong Kong Health Food Association, the Health Supplements Industry Association of Singapore, and more. QNET is also active in several global sports sponsorships including in its role as the official direct selling partner of the Manchester City Football Club and the Confederation of African Football (CAF), underscoring its commitment to excellence and global reach.
Source: Ghana/Starrfm.com.gh/103.5FM
