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Report: #388017

Complaint Review: QYAO Qyao -

  • Submitted:
  • Updated:
  • Reported By: Magna Utah
  • Author Confirmed What's this?
  • Why?
  • QYAO Qyao U.S.A.

QYAO Qyao is a scam promising an ROI to members who upgrade monthly. They are making thousands and no one single member is getting anything in return! Chicago Illinois

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The Qyao company has been promising a ROI on a ten dollar monthly investment as well as a 15 Dollar Sign up Bonus!
qyao.com

"Advertising Account (AA) increases automatically for Elite Members by Index 3 daily and Regular Members by Index 1 daily. Funds in AA can be used for transfer to another Elite AA, for Investments in Units and certain services. Elite referral's reward is automatically deposited in AA each first of the month, $1.00 for each Elite referral at each level "

I have chatted with hundreds of members and no one has been paid once. I've complained to the ADMINS asked intelligent questions with no answers forthcoming.
Many members are also being threatened when trying to find out some answers to simple questions.

I've done a charge backs and also filed with the FTC..

They are literally making thousands of dollars from the thousands of members and no body is getting paid besides what seems the the ADMINS (ring leaders)

Please do some investigation and let me know if you can come up with some answers since the admins were not able to do so.

Sincerely,

Cory
Magna, Utah
U.S.A.

This report was posted on Ripoff Report on 11/04/2008 05:04 PM and is a permanent record located here: https://www.ripoffreport.com/reports/qyao-qyao/qyao-qyao-is-a-scam-promising-an-roi-to-members-who-upgrade-monthly-they-are-making-thous-388017. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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