Tuesday 11 May 2010

ATCR is indulging in money circulation scheme fraud

One of our readers Mr Jagdish Deshmukh wants to know whether ATCR is a fraud or not. The main problem is the gullible people like Mr Jagdish. Though it is open and could see, they still believe that these crooks are nice and honest people. They are carried away by the propaganda of the company and the sweet talk of the sales people. They find it hard to believe that they are going to be cheated sooner than later.
People should watch for two main ingredients. If you are asked to become a member by paying some amount for purchasing some product or service, you should suspect their intention. If you are told that you would earn a lot of money if you enroll more members into the scheme, then it is certainly a money circulation scheme.
These companies including the mother of all scams, Amway, would not survive without enrolling new members. That is why these crooks keep on looking for new 'bakras' (lambs) to join the scheme though almost all of them get disillusioned soon.
ATCR is also doing just the same. In the name of selling tourism packages and club resort time-sharing plans, it is just indulging in money circulation scheme. It is high time, people who come across such fraudulent companies should directly go to the police if they live in India and lodge a complaint under the provisions of the Prize Chits & Money Circulation Schemes (Banning) Act, 1978.

2 comments:

Tex said...

People should watch for two main ingredients. ---> Yes, if 1. Shyam or 2. Brear wrote the post, it's probably full of shit. LOL

If you are asked to become a member by paying some amount for purchasing some product or service, you should suspect their intention. ---> Anytime you buy something at a store you are asked to pay for a product or service! Everything is a SCAM! LOL Except the store probably doesn't give you membership! LOL

If you are told that you would earn a lot of money if you enroll more members into the scheme, then it is certainly a money circulation scheme. ---> How is this different than a store owner increasing traffic and making more money? Again, the WHOLE WORLD is a scam!!! Where do I get off? LOL

Shyam Sundar said...

Tex, the stupid, you said that you are not visiting this blog. Then what made you post the comments. You are not least bothered that many people are reading your stupid comments. Actually people are laughing at your stupidity. Anyway serious blogs like Corporate Frauds Watch need court jesters like Tex, the stupid, to provide some comic relief.