A Familiar Pattern: The Founders of QBN Built Their Reputation on a String of Collapsed Schemes
A company promising weekly returns of up to 50% annually has quietly launched with the same playbook that tanked four previous ventures. Quintessential Business Network, or QBN, operates without disclosing who owns or runs it—a deliberate omission that should alarm anyone considering involvement.
The company claims operations across Dubai, the British Virgin Islands, and the UK. Those three locations form a well-worn trail in financial fraud. Dubai hosts some of the world's most aggressive MLM operations. The British Virgin Islands functions as a tax haven with minimal securities oversight. The UK makes shell company registration trivial. QBN plants itself squarely in the middle of this regulatory vacuum.
Behind QBN stand four named founders: Anwaar Qureshi as CEO, Farid Ladhani as managing director, Maher Awad as CFO, and Tariq Ausaf as COO. Every single one previously made serious money at BizzTrade, a Ponzi scheme that has already collapsed.
The trail goes deeper. BizzTrade itself was a reboot of BizzTrek, an Amazon knockoff pyramid scheme run by brothers Rehan and Rizwan Gohar alongside Gurpreet Dhaliwal. When BizzTrek imploded by the end of 2019, the Gohars simply rebranded as BizzTrade. First it promised forex returns. By mid-2020, forex became crypto. When BizzCoin crashed in late 2021, they launched BizzTrade Pro in early 2022. That lasted months before collapsing. NextGen Academy followed in April 2022 and ran for roughly a year. My Car Club spun off in early 2023 and appears dead already.
Dhaliwal, the original pyramid architect, now serves as QBN's Chief Advisory Officer.
QBN registered its domain on July 4th, 2022—shortly after BizzTrade Pro crumbled. The timing suggests the founders were already pivoting away.
What's notable by its absence: the United States. Despite the four co-founders holding apparent Texas ties, QBN avoids any public US association. Whether they remain stateside or fled to Dubai is unknown. Yet SimilarWeb data shows QBN pulls 71% of its web traffic from the Netherlands, 20% from the US, and 6% from India.
The mechanism is straightforward. Members buy in using Tether (USDT) and convert it to QBN tokens at a 1-to-1 ratio. That token exists nowhere except inside QBN. Once locked in, members pay annual fees ranging from 25 to 100 USDT for promised returns of 15% to 50% yearly. Money supposedly comes from "weekly passive rewards."
The company has no actual products. No services. Affiliates market only the membership itself—the classic MLM structure. Income comes from recruiting other investors into the token scheme, not from selling anything of real value.
This is not a startup experiment. This is a proven operational template run by people who've already stolen from thousands. The missing ownership details. The offshore bases. The parade of previous schemes. The promise of outsized returns. The absence of any real product.
QBN is showing you exactly what it is. The question is whether you're paying attention.
🤖 Quick Answer
What is Quintessential Business Network (QBN) and how does it operate?QBN is a financial platform claiming to offer weekly returns up to 50% annually through staking mechanisms. The company operates across Dubai, British Virgin Islands, and UK jurisdictions while maintaining undisclosed ownership structures and management teams, raising regulatory concerns about transparency and accountability.
What are the primary red flags associated with QBN's operational model?
QBN exhibits characteristics typical of high-risk financial schemes: unrealistic return promises, anonymous ownership, utilization of jurisdictions known for weak securities oversight, and reported connections to founders' previously collapsed ventures, indicating potential systematic fraud patterns.
How do the geographic locations chosen by QBN relate to financial regulation concerns?
QBN's three-jurisdiction strategy—Dubai, British Virgin Islands, and UK—exploits regulatory gaps. Dubai hosts aggressive MLM operations, BVI provides minimal securities
🔗 Related Articles
- Sosana Review: Crypto manipulation securities fraud
- Swiss Gold Global Review v2.0: Securities and recruitment
- SEC file $23.5M Wings Network Ponzi scheme lawsuit
- AWS Mining Review: Cloud mining unregistered securities Ponzi
- Local City Places launches $99 “units” securities fraud