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Beware of Insurance and Loan frauds in India

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mkrishna100

Active member
Dear Members

Lot of people in India are now being fooled by Fake Financial and Insurance Companies by the name of Future finance India , Bachat India etc . This a form of Indian version of the Nigerian Scam . These people call you over the phone and be willing to offer money as loan with very low interest or no interest to be repaid in 10-15 years and will ask you to first pay an advance security deposit and then will ask you to pay for the TDS and then runaway with the money and will not answer any of your Phone calls . If you google "Future finance india fraud " you can see the list of complaints made by many . Today I came to know of this after reading an article on the same that I got by email and I am sharing that article here :


The following artilce is a very detailed one describing the modus operandi of some of the Insurance related scams in India and how many jobless youths are getting trapped in this as agents without knowing their are part of a big racket and how many retail customers get fooled in the same .
Read it and pass it on to others so that others may not fall for this Insurance scams . The article describes other aspects of India ( which is lack of joblessness and the dangerous consequences of the same ) which is a differnt story but key here is not to fall in to such Insurance traps .
http://www.foundingfuel.com/article/a-day-in-the-life-of-india/
 
Fraudster / cheaters find novel and innovative methods every now and then and capable of tempting even the intellectuals to fall a prey to their trick.
 
Promising low interst loans is the new racket and even many educated people fall a prey to it as many educated people are struggling in managing their home expenses especially in this highly consumerist environment . The problem is many fearing ridicule from their friends and neighbours do not reveal that they have been fooled and keep quiet and this proves very convenient for the scamsters to continue their activity more freely .
 
Promising low interst loans is the new racket and even many educated people fall a prey to it as many educated people are struggling in managing their home expenses especially in this highly consumerist environment . The problem is many fearing ridicule from their friends and neighbours do not reveal that they have been fooled and keep quiet and this proves very convenient for the scamsters to continue their activity more freely .

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The fraudsters targets are..... educated and the so called intellectuals.
After getting cheated these type will not....open their mouth,complain to police, tell even to kith and kin....................out of shame of getting cheated.
 
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The fraudsters targets are..... educated and the so called intellectuals.
After getting cheated these type will not....open their mouth,complain to police, tell even to kith and kin....................out of shame of getting cheated.
hi

many pensioners too....easy getting more interest.....
 
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