gwcindia.in - a large scale fraud through their whatsapps…
This review if of a large scale fraud being done by
gwcindia.in also knows as Goodwill Wealth Management Pvt Ltd, No: 9, 1st Floor, Masha Allah Building, Bheema Seena Garden St, Mylapore, Chennai - 600 004. Tel: 044-40205050
Here is how they dupe people and in this case me:
A person by the name of Roohi started whatsapping many high profit making screenshots to lure me. Then after signing up we are hurried into buying the stocks recommended by their team. If you do not pick call or say you want to think about it they even get abusive on call and emotionally blackmail.
Within 2 days all the money was lost. How?
The catch is their brokerage - they charge Rs 30 per unit (thats the catch per unit). So for future and options they select such options where there are large number of units (of low price each like Rs 2) bought together. Even if the future/options goes high (2 becomes 2.3), the brokerage would be so high that you can hardly make any profit. After first day itself their brokerage ran into 13000/= and despite positive trades it showed net loss. On realizing the customer is getting suspicious, on the second day itself they milked all the remaining money in brokerages alone.
Not sure how government is even allowing these people to operate freely.