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