Investment fraud

Name of Complainant Naseef
Date of ComplaintDecember 20, 2022
Name(s) of companies complained against
Category of complaint Internet Services
Permanent link of complaint Right click to copy link
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Text of Complaint by Naseef:

Recently I got into an investment business with an enterprise by the name AMAZON MERCHANT CENTRE. They assured that I could gain an amount of 5000-20000 everyday using their platform. The moment I registered to the platform, I was given INR 100. We were supposed to complete tasks. Top up a marked amount to each product and make a certain percent of profit from that. The profit percent progressed as 10, 15 and so on with each task. I was to make a sales of INR 300 to get a 10% commision and resulting in returns of INR 330. With the additional 100 INR they provided, I paid INR 200, and got a return of Rs. 330. With the gained money I invested an additional sum to add up to INR 600 for completing the next task. The second investment resulted in returns of INR 920. It was during the third set that I started smelling a scam. I dont know why AMAZON has not yet lodged a complaint against such an establishment dragging their name through the mud. This company- (AMAZON MERCHANT CENTRE) scammed numerous individuals. Most victims including myself were people desperately in need of money as well. I should have checked before investing in the first place. That was a mistake on my part. They started making me invest larger sums through their platform. I had to pay the prescribed amounts within 30minutes time to get successful results. For the third task, I was asked to invest INR 8900. When I informed about only having 6900 INR, and that they will cover for 15000 INR like they did previously with 2000 INR.. This is when the tabs in their platform which showed in the previous cases 100% completion followed by the possibility to withdraw the money, showed 45%. When I enquired about it they asked me to invest 27500 INR within the stipulated time to complete the investment and that they will cover 15000 INR. This time bound investment instruction was necessitated at that moment after investing a certain sum and in the spur of the moment I added on to the money invested. A total of 9000 INR was invested and they still asked me to add on INR 27500 to complete the task because of time delay. This is when I googled about the enterprise and found a number of results on scam complaints. They seemed very authentic for the first set of tasks. The handler gave her company ID details to create a sense of trust and the AMAZON tag added more to that trust.

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