Introduction
As we are developing digitally, we are being scammed in every way, but today’s scam is financial. In this blog, we will learn about two big scams – Reliance related controversies and QNET’s MLM scams. We will see what is the difference between these two, how to avoid these scams in future, and some important questions will also be answered. 
reliance scam vs QNet scam
Reliance Scams: Challenges of Corporate Governance
1. Anil Ambani and RHFL Scam
In August 2024, SEBI banned Anil Ambani from the securities market for 5 years and imposed a fine of ₹25 crore on him. He was accused of diverting funds worth ₹14,000 crore through Reliance Home Finance Ltd (RHFL), which was given to dubious borrowers. SEBI called it a “fraudulent scheme”.
2. Reliance Jio’s Cyber Fraud Alert
Reliance Jio has issued alerts to make its users aware of cyber frauds. He told that some people are sending fake emails and messages by misusing his name, in which personal information is being sought from people. Jio has advised users not to reply to any suspicious email or message and report them immediately.
3. Fake Emails and Phishing Attempts
Several cases of sending fake emails in the name of Reliance Industries have come to light. In these emails, personal details were being sought from people or they were being offered jobs. Reliance has clarified that it has no connection with these emails and has requested users to be cautious of these emails.
QNET Scams: MLM or Ponzi Scheme?
1. Business Model of QNET
QNET, formerly known as QUESTNET and GOLDQUEST, is a Hong Kong-based multi-level marketing (MLM) company. The company sells health products, watches, and travel packages. However, its business model has been seen as a chain scheme in many countries.
2. Actions against QNET in India
Several legal actions have been taken against QNET in India. In 2016, Bombay High Court said that QNET is a chain where a person is fooled and then others are used to cheat him.
3. Major arrests
In 2019, Cyberabad police arrested 70 people in connection with QNET scam. These included software engineers, unemployed youth, and homemakers. These people used to try to add new people to their group and even today many such cases are found.
Basic Difference between Reliance and QNET Scams
| Aspect | Reliance Scams | QNET Scams |
|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Important Question
Q1: Does Reliance Industries Ltd use fake email IDs?
No, Reliance Industries Ltd never uses fake email IDs. If you receive any suspicious email in their name, do not reply to it and report it immediately.
Q2: How has Reliance Jio warned its users about cyber frauds?
Reliance Jio has warned its users about cyber frauds through SMS and emails. They have informed that some people are asking for personal information from people by misusing their name.
Q3: Has Reliance Industries forged signatures on any letter?
There are no authentic reports that show that Reliance Industries has forged signatures on any letter. If you have information about such an incident, please report it to the concerned authorities.
Q4: Is Anil Ambani’s account fraud?
SEBI has fined Anil Ambani ₹25 crore and banned him from securities market for 5 years. He is accused of diverting funds through RHFL.
Q5: What is 401 Phone Number Scam?
The 401 phone number scam is a type of phone scam in which scammers call people and ask for personal information or money. These calls are often fake