Suckered: 100% commissions with Kotak Smart Advantage plan
ULIP Advisors just do not know how to stop. Someone who harvested phone numbers from random sources calls me and says he’s from Kotak and selling me a plan that is (Hold your breath) NOT A ULIP....
View ArticleECS – Easy, Convenient, Stupid?
Or so said a reader of “Subramoney”: [ECS or Electronic Clearing Service is used to automatically remove money or put money into a bank account, with a mandate given by the customer. ECS Debit is used...
View ArticleAt Yahoo: Five Easy Ways To Get Suckered
My latest at Yahoo is a piece on how you should get conned in order to tell stories to your grandchildren: Five Easy Ways To Get Suckered (Reproduced in Entirety) It used to be fashionable for men to...
View ArticleCobraPost Exposes Wily Tricks of Bankers
Cobrapost has an “expose” on how employees of ICICI Bank, HDFC Bank and Axis Bank have been revealed as “blatantly running a huge Nation-Wide Money Laundering Racket”. They have a number of videos...
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If you want to do…
I have recently realized that what you see as a “press release” that sounds like it will make the company a juicy buy, might actually have more to say on the negative side than the positive. Let me cut...
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Zenith Sarafs Accused of Fraud, Asked to Produce $34 Million Bank Guarantee
SEBI has ordered the Saraf family of Zenith Infotech to produce bank guarantees of $33 million without using any funds of the company. SEBI has found evidence that could show that the promoters have...
View ArticleSuckered: Saradha Goes Bust and Frauds Depositors
One more sad story that emerged last week was a chit fund that went bust: The Saradha Group. Taking money from depositors all over the eastern states of Assam and West Bengal, particularly the North...
View ArticleThree Rookie Investing Tips For Making Truckloads of Money
When you read that headline, you’re thinking – Damn, Even Deepak’s into headline bait. Maybe I am. Maybe I’m not. But bear with me, this gets better. I write about markets and money. I celebrate short...
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Zylog Promoters Accused of Fraud by SEBI, Stock Down 90% Since Oct-2012
SEBI has found Zylog management potentially guilty of massive fraud, says SEBI, in an interim ex-parte order (party not present) that disallows them from trading in the stock market. Of interest was...
View ArticleNSEL Might Have “Dummy” Stocks in What Seems To Be a Financing Scheme
The NSEL problem gets more complicated. It’s now a case of borderline fraud, it seems. Remember the owner of the NSEL (National Spot Exchange), Financial Technologies, lost 65% in marketcap yesterday...
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Video: The “100% Risk Free” NSEL Investment Product
The Crisis of NSEL that has brought Financial Technologies crashing 80% is all because of a product that seems to have been actively advertised as a “safe” investment. Here’s a video from May 2012...
View ArticleNSEL Tells MoneyLife How They Wanted Us To Think It Works
NSEL had supposedly given an interview to Moneylife where they explain their operations. Now it appears some of this are a little awry. Here’s my take on some. Moneylife: The trend in prices on the...
View ArticleUsing Stocks To Launder Money
Avinash Celestine is on roll. In a long but very readable piece, he talks about how money is converted from Black to White using stocks. At the helm is the fact that long term capital gains in stocks...
View ArticleSuckered: 100% commissions with Kotak Smart Advantage plan
ULIP Advisors just do not know how to stop. Someone who harvested phone numbers from random sources calls me and says he’s from Kotak and selling me a plan that is (Hold your breath) NOT A ULIP....
View ArticleECS – Easy, Convenient, Stupid?
Or so said a reader of “Subramoney”: [ECS or Electronic Clearing Service is used to automatically remove money or put money into a bank account, with a mandate given by the customer. ECS Debit is used...
View ArticleAt Yahoo: Five Easy Ways To Get Suckered
My latest at Yahoo is a piece on how you should get conned in order to tell stories to your grandchildren: Five Easy Ways To Get Suckered (Reproduced in Entirety) It used to be fashionable for men to...
View ArticleSuckered: The Case of Gujarat NRE Coke and The We-Wont-Tell-You Edition of...
Gujarat NRE Coke is in an accounting mess. Businessworld writes that the company’s Australian subsidiary, Gujarat NRE Coking Coal, listed on the Australian Stock Exchange, is in serious trouble. Grant...
View ArticleBanks Give Loans to Multiple Persons Against Same Property
In a property called Shiv Kala Charms, buyers are hardly charmed as it turns out the builder has sold the property to multiple people and many of them have obtained loans against the property too!...
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Suckered: The Fraud SMS Pump and Dump Scheme
Reader and friend Haresh Nagpal writes on twitter about the proliferation of fake SMS’s that are pump and dump schemes. He mentions an SMS like this: And then, this happens: How They… (Read On...)
View ArticleFake Website Warning: RBI Doesn’t Have Online Banking
RBI has warned people about a fake website called “Rbi-in-online.org” which is a phishing site. It only collects information about you, and tries to hack into your bank accounts… (Read On...)
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