Promise | : | Double your money in two months or less |
Reality | : | All schemes offering
high returns of double money within
two months or such short spans have no legal sanction. Nor are
they reliable |
Promise | : | Post dated cheques as a guarantee for this |
Reality | : | Postdated cheques are not a guaranteed payment device, as they could bounce when you finally present them |
Promise | : | Claim they do it by investing in some wonder projects or plantations |
Reality | : | There are no
projects, especially agriculture based, that can give you
returns in any time less than a year. In fact, tree plantations
take at least 10 years to mature |
Promise | : | Huge sums of money by being part of a gift chain i.e. you gift a certain amount of money to two people, and then find two people who will enter the chain by gifting you the sum. They in turn will get two more subscribers, and so on. |
Reality | : | Gift schemes and chains are an offence under the Prize Chits and Money Circulation Schemes (Banning) Act of 1978 |
Promise | : | As the scheme is run by a registered company, it is absolutely safe |
Reality | : | Even registered companies are not allowed to promote and run any such schemes |