Thursday 23 May 2013

Abhaya Gold bubble burst, BUT

Finally, the Abhaya Gold bubble burst. Police arrested the managing director of Abhaya Gold Koganti Srinivasa Rao who has been evading the arrest for quite sometime. It is yet to be ascertained how much money he has actually collected and how much money he has paid to the brokers aka agents.
These brokers are the real culprits who induce their friends and relatives to put their hard-earned money into these fraudulent blade companies.
Since Peerless, Sahara, Golden Forest and today's Akshaya Gold, Abhaya Gold, AgriGold, these companies have been duping millions in spite of the warnings by the right-thinking people not to fall prey to such fraudulent schemes.
Corporate Frauds Watch has been warning people for the last six years not to lose their money in these schemes.
Some of these companies collect monies in the name of real estate while some companies defraud people in the name of products and services.
Whatever be the scheme, people are the losers.
Unfortunately, they never learn from the past mistakes. Moreover, these fraudulent elements preach them the 'truth' to look for money where you lost. That is why these people keep on looking for money in some other scheme all the time.
THERE IS NOTHING LIKE EASY AND QUICK MONEY. IF YOU WORK HARD AND SAVE MONEY. THEN ONLY YOU WOULD BE HAPPY IN YOUR LIFE.

1 comment:

Anonymous said...

little correction, he is not Koganti Srinivasa rao....he is Kukatla Srinivasa rao.