QNET, a global lifestyle and wellness company, has responded to recent media reports following the arrest of 487 individuals in Kumasi.
In a statement, the company confirmed its full cooperation with law enforcement in investigations related to potential cases of misrepresentation.
However, QNET firmly denied allegations of operating as a Ponzi scheme, a claim made by some reports.
The company clarified that its business model is based on direct selling, where individuals become independent distributors of QNET products. Unlike Ponzi schemes, earnings are derived from product sales, not recruitment.
QNET emphasized that its focus is on promoting and selling products, not on recruiting participants, as is the case with fraudulent schemes.
The company also highlighted its efforts to educate the public and key stakeholders, including security agencies, about the legitimacy of its operations. To reinforce this, QNET recently launched the “QNET Against Scams” campaign, aimed at tackling misrepresentation and raising brand awareness.
QNET pointed out its 26-year history of stable operations, contrasting it with Ponzi schemes, which typically collapse within months or years. The company reiterated its commitment to ethical business practices and its mission to empower individuals through genuine opportunities.
Beyond its business activities, QNET is actively engaged in community development. Its financial literacy initiative, FinGreen, has positively impacted over 2,700 people in Ghana, Nigeria, and Turkey, demonstrating the company’s dedication to improving lives and supporting local communities.
QNET reaffirmed its commitment to ethical standards and providing individuals with meaningful opportunities through its products and initiatives.
Source: Adomonline
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