# data[].attributes.body
•The largest integrated online survey group

•Speak Asia was launched in 2006 in Singapore

•The global CEO is Ms. Harendar Kaur •Prior to name they were operating under: HAREN VENTURES PTE. LTD

•India - February 2010

•Within 6 months company manages to join 13 lacs member.

•Mr. Manoj Kumar CEO - India.

•Speak Asia is not registered as a company in India as it is not a PE.

•Promoting through advertising, events, PR and other communications channels.

# data[].attributes.body
STEP 1 :- SpeakAsia was set up in 2010 as an online survey
company

STEP 2 :- Soon after, it started roping in investors (called ‘panellists’) who paid an annual fee of Rs 11,000

STEP 3 :- Each investor needed to complete two
surveys a week

STEP 4 :- On successful completion of the surveys, the investor was to receive Rs 52,000 a year

STEP 5 :- If the investor roped in two more members, an additional Rs 2,000 was to be paid in commission

STEP 6 :- If the sub-members roped in more members, the original investors got another additional commission

STEP 7 :- Initially, the company paid its investors, but it eventually wound up its business, duping people of hundreds of crores

# data[].attributes.body
In the month of April, the company’s business in India got boomi. The company had hired Lowe Lintas for their TV campaigns during the IPL season, they published public notices to prevent people from spreading ‘rumors’, newspapers were flooded with costly half-page ads  and more importantly, Speak Asia even increased their rates.

All this hype and publicity finally caught mainstream media’s attention and the tables have finally turned.

# data[].attributes.body
Any individual /group/corporate can either subscribe as a premium or standard panelist , standard panelist has to pay $120 against training, support and fortnightly e-bulletin (26 issues) where as premium panelist has $ 220 against training, support and weekly e-bulletin(52 issues) an individual is to maintain maximum 03 panel centers.each panel center can further add up to 9 sub- panel center.

Each panel center can be purchased by adding $200 on a panel center adding sub-panel is similar to topping up your mobile by adding your value.

Individual/group/corporate can also associate with speak asia as panel support center and earn additional bonus for supporting panelists. A panel support center has to maintain minimum $20000 as buffer stock at any point of time.

Panelist trainer is an individual authorized by company to train, guide and monitor the panelists. all individuals who desire to become trainer have to undergo through a special training provided by the company trainers will be paid additional incentives.

# data[].attributes.attachment_link.title
Speak Asia another chain marketing scam _ CNN IBN Live

# data[].attributes.body
2,276 cr

The value of the Ponzi scheme fraud committed by SpeakAsia

24 lakh

The number of investors in SpeakAsia schemes

5000

Number of pages in the chargesheet filed against 13 executives of SpeakAsia and eight other firms that aided in the fraud

87

Number of companies against whom the government received complaints of suspected Ponzi or illegal multi-level marketing schemes across the country, as of March 14, 2013

# data[].attributes.body
All corporates causes have social impacts. Corporations rely on the contribution of a wide set of stakeholders in society, not just shareholders. It being the responsibility of the companies to give back to the society.
A company should ethically follow carol's four part model of corporate social responsibility. It refers to economic, legal, ethical and philanthropic responsibility. Transparency of a company is a very important  moral decision and should be made considering the right and consequences of the customers.

# data[].attributes.body
ADITI TALWAR
AMISHA RATHOD
JAY VASANI
PUSHTI RUPAREL
YASH JAIN