The biggest stakeholders/investors, who have thousands of people under them in this chain, and therefore have earned hundreds of thousands of rupees by now, have come up with a website (The All India SpeakAsia Panelist Association) on which they update all the “Speakasians” about the latest on the court-case hearings and keep alive the promise that the gains are on their way to them. As for the small fish, the poor Speakasian (who invested small amounts...though nothing was small I tell you), this is nothing more than a method to borrow time, evade a strong counter-action while they slog on with Plan B, which is to somehow make the SpeakAsia business into a legal one in India by converting it to something other than market surveys; after all now they have the capital to start something legal.
I spent many a sleepless night after the bubble burst but my buddy couldn’t care less about losing his money, which belonged to his rich dad anyway. SpeakAsia has 19 lakh (almost two million) subscribers in India. I wouldn’t get down to calculating the amount of money these that Speakasia has gathered from India.
Now let me get back to the 26-year-old guy I was talking about in the beginning. This guy took Rs. 8 lakhs (~15,000 USD) from his sister's locker to which he had access, spent Rs. 3 lakhs to buy a Ford Figo, and invested the remaining 5 lakhs (~9,500 USD) in SpeakAsia Online thinking he’d get rich quick, return the paltry sum to the locker, and pocket the huge gains. When he realized that the money was gone for good, he fabricated the story to save his skin and appear a victim of armed robbery rather than of foolishness and greed. We, now christened "Speakasians" by no choice of ours, sit and wait for the courts to decide something that will bring our money back.
You know it is such an old adage, yet we do not take it seriously: “If something is too good to be true, it normally is.”