Startup Scam – QI Group is topping the list Fraudsters

qi group

There is a new fraud coming into limelight and the name is QI Group of companies

QI Group is fraud that plays with people’s emotions with the help of a scientifically proven script. If you get a call from your very close friend saying “Looking for a partner on profit sharing bases”, please hang up. It is this group’s first step to pulling your wealth at free of effort.

QI Group using your friend to scam you

Couple of months back I realized that I was being underpaid and decided to look into the market for new opportunities. In March 2016 I get a call from a very close friend saying “I am running an ecommerce company, doing pretty well. My partner and I are looking for a partner on profit sharing bases. Since you’re good at marketing, this would be a great opportunity for you. Get your updated resume and come to Starbucks at sharp 2pm on Sunday”

I was excited that someone is offering me partnership at no cost. I went to Starbucks (coffee shop, Banjara Hills) and saw a guy and girl sitting outside trying to hide their faces from me. I didn’t bother much and went into the coffee shop to meet my friend. I asked my friend for details and he told me that his mentor (supposedly he trained my friend) is coming down especially to meet me and take an interview.

He further tells me that some girl who is doing amazing in this business has come down from Bangalore to meet me.Now I get a shock! I was introduced to the same girl who was hiding her face outside the coffee shop. She made me talk about myself bla bla bla. She leaves and the mentor walks in. This was like a heart attack to me. He is the same guy who was hiding his face from me outside the coffee shop.  I knew this is something fishy, but out of respect to my friend I decided to listen to them.

The mentor does not see my resume, he uses it as a scratch paper and tell me story about how he quit his amazing job to join this billion dollar organization. Note- the company name was revealed yet. Now the mentor talks about how expensive it is to live in this world and expenses will only rise with time. Explains a story of “rich dad poor dad” and loads and loads of crap that will get you make you quit your present job to start a business. He also talks about Tatas and Ambanis and how they took risk and made billions. We are still stuck with a 9-5 job hoping to provide food, shelter and clothing to our family. After all this Gyan, he shows couple of images of sportsmen where the Jersey had symbol of QI group. This is how the image and name of the company was revealed to me. Further some videos about founder of QI group talking about products were shown.

4 Lakhs to 4 crores in 4 years

After the heated session the mentor tells that they require a onetime investment of RS 4 Lakhs for me to make 4 Crores in 4 years. My job was to get people registered on QI group website, and when people buy anything from there, I will get commission out of that. This strategy they were following to provide premium products to customers at a low cost by removing marketing expenses (since we will do direct marketing of the website).

All that looked nice and attractive, especially my good friend telling me that he will help me make 4 Crores and he is doing me a big favour by bring me onboard. I told them I have to talk to my wife before taking any decision and I walked out. When asked for my resume, they refused to give it back to me as they wrote confidential calculations on it. Their revenue model was based on Pryramid growth, something like how Amway does it.

I knew this was a fraud and told them I will not join them. I totally forgot about the company until recently, another close friend calls up and says “Looking for a partner on profit sharing bases”. I knew it is QI group. I tried to get more information from my friend on Facebook but was unsuccessful. I refused to meet him without a name and finally two days back he called and told me that it is QI group. Unfortunately I cannot share pictures or telephonic recordings of mine with my friend since I have promised him confidentiality.

QI group

FB chat with my friend

This is when I looked into QI group to find out that they are actively scamming people since 2010.I decided to come up with this post so that people like my friends don’t get scammed. Visit QI [email protected]  There is a special FB page for this [email protected] Read more about Startup Scam



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