QNET, a global lifestyle and wellness company, has addressed recent media reports following the arrest of 487 individuals in Kumasi.
In a statement, the company acknowledged its full cooperation with the police to assist in investigations concerning elements of misrepresentation.
However, QNET strongly refuted claims that it operates as a Ponzi scheme, which some reports have suggested.
The company emphasised that its business model is based on direct selling, which allows individuals to become independent distributors of QNET’s products.
Earnings are based on product sales rather than recruitment, a key distinction from Ponzi schemes. QNET stressed that its operations are centered on promoting and selling products, not merely recruiting new participants, as in the case of fraudulent schemes.
QNET highlighted its ongoing efforts to educate the public and key stakeholders, including security agencies, about the legitimacy of its operations. Recently, the company launched a “QNET Against Scams” campaign, a comprehensive initiative aimed at addressing misrepresentation and strengthening brand awareness.
As a testament to its stability, QNET noted that it has been in operation for 26 years, a far cry from Ponzi schemes, which typically collapse within a few months or years. The company reiterated its commitment to ethical business practices and empowering individuals through genuine opportunities.
In addition to its commercial operations, QNET is actively involved in community development. Its financial literacy program, FinGreen, has benefited over 2,700 people in Ghana, Nigeria, and Turkey, further showcasing the company’s dedication to improving lives and supporting local communities.
QNET concluded by reaffirming its mission to uphold ethical standards while providing individuals with opportunities to succeed through its products and initiatives.
Latest Stories
-
Privatisation of ECG will be an admission of failure – PURC
28 mins -
Bawumia promises mini harbour, sea defense for Sege
36 mins -
Constant venue change negatively affects Ghana Premier League – Prosper Ogum
40 mins -
We’ll defy injunction orders and protest – Baker-Vormawor
1 hour -
Police secures injunction against Democracy Hub planned protest
1 hour -
MTN launches 4-In-One internet solution for SME operators
2 hours -
Bawumia storms MTN office in Ada in street campaign
2 hours -
The hypocrisy of Ghana’s delegation to COPs: A call to action
2 hours -
Government’s health infrastructure projects yielding positive results – Okoe-Boye
2 hours -
Africa faces rising hunger, stakeholders call for multi-sector collaboration to combat micronutrient deficiency
2 hours -
Cholera continues to claim 115 lives per hour across Africa – Report
2 hours -
Guru wins University of Ghana SRC election
3 hours -
ECG to undertake emergency maintenance of MBH servers
3 hours -
Kow Essuman: Bawumia’s vision for the youth, jobs, and modern economy
3 hours -
Climate change exposed 2 billion to more than 30 days of health-threatening temperatures
3 hours