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Promises
- Double
your money in two months or less.
- Post
dated cheques as a guarantee for this.
- Claim
they do it by investing in some wonder projects or
plantations.
- Huge
sums of money by being part of a gift chain i.e. you
gift a certain amount of money to two people, then
find two people who will enter the chain by gifting
you the sum. They in turn will get two more subscribers,
and so on.
- As
the scheme is run by a registered company, it is absolutely
safe.
Reality
- All
schemes offering high returns of double money within
two months or such short spans have no legal sanction.
Nor are they reliable.
- Postdated cheques are not a guaranteed payment device, as they
could bounce when you finally present them.
- There
are no projects, especially agriculture based, that
can give you returns in any time less than a year.
In fact, tree plantations take at least 10 years to
mature.
- Gift
schemes and chains are an offence under the prize
chits and Money Circulation Schemes (Banning) Act
of 1978.
- Even
registered companies are not allowed to promote and
run any such schemes.
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