Beware of a possible scam

We give below the email which is self explanatory and its reply. All are warned against this fraud.

An email from Pinaki Ghosh to the Police Commissioner of Kolkata

From: Pinaki Ghosh
Date: Friday, December 11, 2009 3:01 pm
Subject: Suspected financial scam waiting to be exposed, thousands stepping into trap
To: Shri G M Chakrabarti, IPS

Respected Commissioner,

I am the author of the popular book ‘Save Yourself From Cyber Scam’. Recently an organization by the name of Accresent Way Marketing (AWM India) [web: accresentwayindia.com] has been approaching people to invest Rs 6000 or multiples of Rs 6000 in life insurance, and are promising a whopping Rs 2 lakhs payout in 12 months, and Rs 4 lakhs payout in 13 months; on an investment of Rs 6000. By no logic of sensible mathematics can such high returns be justified. Yesterday I have been approached by an agent of this organization. This is a suspected PONZI (type ‘ponzi’ in Google) organization, who are accumulating money from the market (from mostly poor middle class people) and will vanish suddenly. Hundreds of people are investing in temptation of high returns, in their Bangur Avenue office. They have a very short history. This is their Kolkata office address: Corporate Office : AWM Life, Triveni Apartments, Ground Floor, Block C 12 Bangur Avenue, Kolkata 55. I appeal to you to take necessary actions to stop a huge scam from happening.
Regards,

Pinaki Ghosh

Police Commissioner’s reply

From: Shri G M Chakrabarti, IPS
Date: Thu, Dec 17, 2009 at 12:41 PM
Subject: Re: Suspected financial scam waiting to be exposed, thousands stepping into trap
To: Pinaki Ghosh
Dear Mr. Ghosh,

Please refer to your e-mail dated 11.12.09. The Deputy Commissioner of Pollice, Detective Department (II), Kolkata has been advised to look into the matter.

Yours faithfully,
Commissioner of Police,
Kolkata.
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4 Responses to “Beware of a possible scam”

  1. jatadanaubha 3 January 2010 at 8:20 pm #

    amader office-e o erakom oneke koreche bolche eta Reliance-er scheme. 6000 taka dile 13 mase 4 lakh debe. eta sampurna obastab and it is cheating . please veryfy karun o eta bandho karun.- my request to police.

  2. sguchait 6 January 2010 at 9:23 pm #

    Well Pinaki Ghosh , i respect your concern ,
    I just have one Question to you . Please be honest and answer.

    Did you Calculate before you commented this to be a possible Ponzi Scheme ?

    If YES : Please go through it once again
    If NO : Please Educate yourself first before Commenting.

    Thanks

  3. bob 9 January 2010 at 6:39 pm #

    sguchait
    that’s no way to debate, if you have an objection, you must state it, not simply alude to it and insult your opponent. Where do you believe Pinakis calculation went wrong?

  4. pinakighosh 11 January 2010 at 1:50 pm #

    For the western readers; they may not be familiar with the terms 2 lacks or 4 lakhs. 2 lakhs mean 200,000 and 4 lakhs mean 400,000.

    This organization was promising a return of Rs 400,000 on an investment of just Rs 6,000 in merely 13 months (Rs 200,000 in 12 months).

    Already this organization’s website has been blanked out for the last 14 days.


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