CheckMLM

Michael Ferreira gets bail in Rs 1,000-cr QNet scam: Here's how the Padma awardee got into trouble

28 March 2017·Firstpost

Firstpost reports that Michael Ferreira has received bail in connection with a Rs 1,000-crore QNet scam, detailing how a Padma awardee became involved in the scheme. The case illustrates how individuals of prominence can be implicated in major fraud operations. Malaysian consumers should conduct thorough due diligence on any direct-selling company regardless of its public profile or endorsements.

This summary is based on reporting from Firstpost. Read the original article for full context.

Read full article on Firstpost

Related news

Scam Alert17/04/2026

Vietnamese woman jailed for selling 18 people to Thailand, Myanmar scam compounds

VnExpress International reports that a Vietnamese woman has been jailed for trafficking 18 people to scam compounds in Thailand and Myanmar. Malaysian consumers should verify the legitimacy of any direct-selling opportunity and check that companies operating locally hold valid KPDN licenses.

Scam Alert24/03/2026

Hyderabad MLM Scam Busted: How The Promise To ‘Earn Crores’ Targets Middle Class

An MLM scam in Hyderabad has been exposed, revealing how promises of earning large sums target middle-class individuals.

Scam Alert24/03/2026

QNet Scam: Hyderabad Police Arrest 32 in Multi-state MLM Racket

Moneylife reports that Hyderabad Police have arrested 32 individuals involved in a multi-state QNet MLM racket. Malaysian consumers should verify that any direct-selling company they engage with holds a valid KPDN license and operates transparently.

Scam Alert23/03/2026

‘Second income’ trap: How QNet scam targeted techies and cost them crores

The QNet scam targeted technology professionals with promises of second income, resulting in significant financial losses.

Scam Alert23/03/2026

32 arrested in massive QNet MLM scam crackdown across three states

Daijiworld reports that 32 arrests have been made in a major QNet MLM scam crackdown spanning three states. Before joining any direct-selling venture, Malaysian consumers should verify the company's KPDN license and check for any regulatory warnings.

Scam Alert11/03/2026

Check scam targets direct-sales agents

The News-Enterprise reports that direct-sales agents are being targeted by check scams, highlighting fraud risks in the sector.