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A Local High Profit Method Scam Story

Discussion in 'BlackHat Lounge' started by mrxinbollywood, Jul 24, 2012.

  1. mrxinbollywood

    mrxinbollywood Elite Member

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    In my area, one year ago 3-4 persons came and they posted advertisements in newspaper, distribute pamphlets, give advertisement in local cable network daily basis.

    That people have to invest Rs.5000 to Rs.300000 in their investment schemes. And they will give you 4% interest per month for their invest money. Minimum time of investment is 3 years and maximum time is 10 years.

    Then obviously few people goes and inquiry about them self. And some people invest money their. Then after 1 month, those people received 4% interest for their investment. So they told this scheme about their friends and their circle. With that a lot of new people everyday comes to inquiry about their scheme as everyday they heard and seen in newspaper, pamphlets and local cable network.

    In this way they continue their investment scheme, soon from all over India a lot of people started invest in their scheme. In the end of year they have 1 million investors and Total 4 billion US$ invested. And in the next year , first day, that company goes vanish with all money. and Police, CBI of India are not able to trace anything about those peoples who running this scheme.


    SO MORAL OF THE STORY IS


    When return in unbelievable , do not invest their. Some times people paid you to gain trust, but later they will definitely goes to scam.
     
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  2. phatzilla

    phatzilla Supreme Member

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    yeah, its called a ponzi scheme. lol

    this is just dumb people expecting something for nothing. darwanism at its finest
     
  3. mrxinbollywood

    mrxinbollywood Elite Member

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    due to think 1 million investors are dumb???
     
  4. IMwizard

    IMwizard BANNED BANNED

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    Dont you remember about speak asia scam?
     
  5. krishnaverma

    krishnaverma Power Member

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    There are hundreds of scams like Speak Asia in India. I also feel sorry for the middle class and poor people here who are ready to spend their hard earned money in this schemes so as to double or triple their money in short time.
     
  6. nothingnothing

    nothingnothing Jr. VIP Jr. VIP Premium Member

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    Yes...
     
  7. refjaf55

    refjaf55 Regular Member

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    Classic ponzi scheme. If your investment advisor "guarantees" that you will get a certain return, then you NEED to leave that advisor because they can't guarantee crap. Nobody can do that. I'm surprised people still fall for this stuff even after the Bernie madoff scandal, but I guess people in India weren't as exposed to that story as we were in the U.S.
     
  8. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    Hell yes!
    Anyone who invests in those BS ponzi schemes is dumb...
     
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  9. virtual.indiano

    virtual.indiano Regular Member

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    These kinds of scams are everywhere. In this desperate times people can do anything to make more money. Remember Ram Survey, Italian Ad Matrix etc etc They all were scams like Speak Asia.
     
  10. wpbacklinks

    wpbacklinks Jr. VIP Jr. VIP Premium Member

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    Another, Yes...!
     
  11. zx123

    zx123 Senior Member

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    another YES YES and YES
     
  12. ShadeDream

    ShadeDream Elite Member

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    That's just a kind explanation used to avoid calling them dumb.