These guys operate under different fake IDs...but that is irrelevant. Anyone saying that he will make huge returns and pay 10 % pm to the investors is a definite fraud....no need to check on his promises.It is as bogus as the fake guys who claim that they will double gold ornaments and dupe people...laws of physics tell us that such a thing is impossible but still even educated people get cheated with this trick.
Banks give personal loans and don’t ask the end use of the loan if our account is a green account without a single default .They even give you presanctioned loan of 15-30L.....banker should have confidence in the account after seeing few years operations....these days such calls are very common from even top private sector bank.
If you have that fellow's last known contact number and other details (like real name, place of residence, etc.) then look into filing a complaint with RBI Sachet as well. They have (hopefully) become more vigilant and proactive after the recent spate of financial frauds. If anything, you might be able to get a favourable order passed and perhaps alert them to his bank account & other financial dealings.
Friends, please keep away from fraudulent so called experts here on Traderji or any other forums. Never ever give your money to anyone; no matter how convincingly expert anyone appears in front of you.
I have been duped very badly by one senior member of Traderji whose id here is howardroark. I lost nearly 400,000 Indian Rupees ($6200) which I invested with him in a Pooled Account. I had been watching his activities on forum -traderji (and FF) and got influenced by kind of analysis he used to share.
He initially started training me but eventually he lured me into investing in a pooled account. It was my foolishness to fall for his bookish knowledge and ended up giving my money to him. He promised at least 10% return per month. But for some reasons or other, he kept lingering paying my return and always pressurised for getting my equity bigger by not withdrawing; for more return after some months. But he remained in contact with me and kept training me some bookish stuff. I being a newbie and foolish person, still wanted to have faith in him. So much faith that I got my one friend invested with him.
After couple of months, when I started demanding some return, he asked me to come Bangalore and meet him. I flew down there and met him. And then he told me the golden scheme. He asked me to get personal loan of $10,000 and invest with him. He would turn this into $100,000 in 10 months. Challenge of 10-10-10. Wow !!!!!
He said he would publicly advertise this challenge on traderji, FF & other forums and he had already arranged other investors for this challenge and in talks with Hantec also.
That bluff opened my eyes & I decided to get back my money. After some days, When I demanded my money back, he disappeared. Contact number not reachable and no Reply of emails. I tried to contact on his other numbers but he simply changed all his contacts later.
It all happened throughout year 2017. Now, I have already complained to the police and hopefully will get him arrested.
He came online last on Traderji on Jul 6,2017. I am sure he is here with another id and getting ready to lure next fish.
This forex world is full of scammers who sit online all day on youtube, forums and blogs preying on foolish newbie fishes like me. These fraud people will go to any length to extract money from you. They are immoral people and ruthless enough to get your house sold for their benefit.
My purpose of this post is to share my experience and warn everyone not to fall for such so called experts. There is no shortcut to wealth... Even in Forex. Anyone who boasts of such high return; will dupe you.
I hope my post remain alive here on traderji. It is for awareness of other people.
Mr. howardroark aka Aditya Kashyap aka Madhav S Shashtry, your karma would come back to you one day in unexpectedly worst form. You and your family would live a cursed life ahead.
Untold wealth is lost every year because innocent people buy into such traps. But I am that someone who is one of the most viewed participants on Traderji got conned this way. Greed gets in the way of reasoning at times, I guess. Anyways, FYI pooled investments are illegal to begin with. When I first tried to start a hedge fund, I had consulted with some of the best auditing & legal firms about this, and there's no way that a private limited company/LLP can pool investments of the general public. It's simply not possible. If anyone does, they will be in a soup sooner or later. I have a habit of following compliance to the dot and we hence, we avoided the idea altogether.
Forex platforms are modern day bucket shops! Stay as far away as you possibly can. They are casinos disguised as trading platforms. This is without a shadow of doubt. Anyways, thanks for sharing your experience so that other TJ members can learn from it.