QNET, a global lifestyle and wellness company, has denied allegations that it operates a Ponzi scheme, emphasizing that it is a legitimate direct selling business.
In a statement, QNET acknowledged media reports regarding the arrest of 487 individuals in Kumasi, stating that it is “fully cooperating with the police investigation to unravel elements of misrepresentation.”
“We strongly emphasize that QNET is a legitimate direct selling business, not a Ponzi scheme, as falsely reported,” the statement said.
According to QNET, its direct selling model allows individuals to become independent distributors of QNET products, earning commissions based on sales rather than recruitment.
“QNET’s business model is built on product promotion and sales, not on recruiting individuals,” the company added.
QNET also highlighted its commitment to ethical standards, noting that it has invested in educating key stakeholders about its business practices.
The company has also launched “QNET Against Scams”, a comprehensive campaign to combat scams and address misrepresentation linked to the Ponzi scheme label.
Unlike Ponzi schemes that typically collapse within a few months or years, QNET said it is 26 years old and its commitment to ethical standards remains unwavering.
“Our mission is to empower individuals through genuine opportunities and premium products,” the company said.
QNET also cited its FinGreen financial literacy program, which has benefitted over 2,700 individuals in Ghana, Nigeria, and Turkey, as an example of its commitment to empowering communities.
The company has set up a dedicated hotline and email to receive reports of suspicious activities in its name for prompt action.
