Beware! and ‘Tremendous like’ Are Ponzi Schemes; Promoters Not Traceable

Beware! and ‘Tremendous like’ Are Ponzi Schemes; Promoters Not Traceable

Regardless of repeated warnings from the regulator in addition to from Moneylife, the gullible investor continues to fall prey to get-rich-quick frauds. The newest to hitch the long-long record of such Ponzi or cash circulation schemes is, promoted by one Omnicom group that operates its scheme beneath the title of ‘Tremendous like’. That is the brand new, modified avatar of an outdated rip-off known as SpeakAsia, uncovered by Moneylife approach again in 2010. (Learn: One other MLM rip-off within the occurring, this time beneath the pretext of a web-based survey


Nevertheless, what separates Oksome from SpeakAsia is full anonymity of its promoters. In SpeakAsia, there have been a minimum of some folks, who got here out within the open after our publicity, solely to fade afterwards. Within the case of Oksome, there merely is not any info out there concerning the folks behind it, besides some financial institution accounts operated (to gather cash) by the digital mode. These folks had been additionally very a lot lively on Telegram with a number of teams named like Tremendous Like 22, Tremendous Like 66 Or Tremendous Like 22. 



Some folks, who invested on this scheme say Oksome has stopped funds beneath one or the opposite pretext. A message shared by one Steve in Tremendous Like 33 Telegram group talks about change within the companion financial institution and asks all members to ‘deposit 50% (of membership price) to confirm the authenticity of the member’! “On the identical time, the financial institution may even set up a safety fund system. In case your funds are embezzled by others, the financial institution can pay compensation,” it says. 


Funnily, this message mentions the title of their financial institution as Nationwide Financial institution of India, which is non-existent. 


Oksome collects cash from folks beneath the pretext of liking movies and messages posted on YouTube, Fb, and Instagram by ‘numerous web celebrities’. It claims, “…they may spend cash on the platform to extend their recognition recurrently each month, so we don’t want to fret about what to do if we don’t have a activity. The platform implements the membership system for the long-term stability of a bunch of customers to assist full the platform duties, and the enterprise companions who cooperate with us are additionally assured of inserting commercials on our platform.”


Apparently one deal with on Fb, Namaste London, shares some ‘self-made’ sort certificates to indicate affiliation of this MLM (multi-level advertising and marketing) scheme with YouTube, Fb and social media. Do examine the pictures under. 




It asks folks to take a position Rs10,000 to Rs30,000 to purchase VIP passes for conducing duties (to love movies or messages) and earn Rs2 lakh to Rs6 lakh as earnings. For instance, for VIP Three cross, the fee paid is 15% (activity quantity as they name it) per activity and the member-investor is assigned 17 duties daily. So, the member can earn 17×15=Rs255 per day or Rs7,650 in a month or Rs91,800 in a 12 months. Equally, a VIP 5 member can earn a month-to-month earnings of Rs43,200 (20% per activity and 72 duties a day) or Rs5.18 lakh in a 12 months!



Oksome appears to grasp that this ‘bonanza’ might not be adequate for some buyers to place their hard-earned cash into it. For such buyers, they provide registration of a number of accounts in addition to referral earnings, which is utilized in each Ponzi or MLM schemes.



Below the referral of inviting buddies reward scheme, Oksome assures three-level distribution reward starting from 15% to three%. It says, “In the event you suggest a consumer to improve membership, you will get a 15% advice reward for consumer A. If consumer A recommends consumer B to improve membership, you will get 5% advice for consumer B. If use B recommends consumer C to improve, you will get 3% advice reward for consumer C.”



It additionally guarantees rewards for ranges decrease than you finishing their duties. “3% of straight decrease degree 1 reward duties, direct decrease 2 rewards 2% and direct decrease degree Three rewards 1%,” it says.


The web site of is just not functioning. Nevertheless, there are a number of movies uploaded by many describing schemes supplied by the MLM. Additional, a few of its teams in Telegram are very a lot lively and proceed to lure gullible buyers. 



In accordance to feedback posted on () by somebody who was a member of Oksome, “this firm don’t have any id additionally they don’t have any assist line quantity which exhibits firm can resolve any situation or firm operating from the place. They are saying firm is owned by Omni group however in Omni group you by no means see they’ve firm name Tremendous Like or Oksome. If any downside comes firm say to contact your direct agent and people brokers solely work on WhatsApp and don’t have any working quantity, which exhibits who owns that quantity all numbers are switched off mode so you can’t speak with them (unedited).”


This member additionally claims that Oksome have stopped all funds and is imposing freeze on member accounts beneath the pretext of violation. He says, “…the rationale what they’re giving to complete staff is ‘somebody out of your staff violated guidelines and made multi accounts so firm is freezing complete staff’. The answer, which they’re giving (to unfreeze account) is to improve all multi-account to VIP degree to five and above or say your staff to improve there degree above the VIP5 (unedited).” 


Briefly, keep away from Oksome or Tremendous Like for investing your hard-earned cash. In case you will have already invested cash, then attain your nearest police station and file a grievance in opposition to the corporate and your entire higher strains who bought you concerned on this. 


So far as SpeakAsia On-line Pte Ltd, the Singapore-based MLM firm, is anxious, the investigations and litigations are nonetheless on. SpeakAsia used to ask new prospects or subscribers to pay $120 (normal) or $220 (premium) for changing into a panellist for one 12 months. Nevertheless, it says the price is for its e-bulletin for one 12 months. It was promising Rs500 every week for simply submitting on-line surveys. 


In February 2015, the Mumbai Police had arrested six individuals together with the nation head (gross sales) of the accused agency, SpeakAsia, within the Rs2,276 crore dishonest case. The arrested people included Hemant Suryavanshi, Hemant Chavan, Sudhanshu Tripathy, Virendra Singh and Hasmukh Patel. Suryavanshi, Chavan, Tripathy and Singh had been SpeakAsia’s franchise holders whereas Patel, arrested from Ahmedabad, ran Patel Communication franchise. It was a Chhattisgarh resident, a Singh, with whom Navneet Khosla, the complainant, had deposited his cash as funding. 


In July 2011, Mr Khosla, a Mumbai resident, had filed a police grievance stating that the agency had promised a return of Rs52,000 on his funding of Rs11,000.


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