Adviser Street — share market advisory service

Address:	Indore, Madhya Pradesh, 452011
Website:	www.adviserstreet.com/contact.php

The adviser street is a company / firm dealing in share market securities. It provides consultancy service for the buying and selling of shares and charge fee for the same.

I got a call from their executive mr. Sanjay by mobile no. [protected] on 5th day of march 2018, the executive asked me to pay only nominal amount of rs.2000/- in starting, out rs.25000/- service charges for one year, so that he will be able to provide me calls (I. E. Buying and selling calls) and i will have to pay balance after earning 40000 to 45000 profit.

I paid rs.2000/- on[protected] by my credit card via payumoney payment portal (Attached herewith the statement of credit card for your reference).
Just after payment of rs.2000/-, i again got a call from accounts department of adviser street and asked for rs.3000/- more payment otherwise rs.2000/- will be waste.

Thereafter, i received a call from mr. Sanjay, accepted his mistake and said for paying rs.3000/- more otherwise my earlier payment rs.2000/- will be waste. He again promise me for providing call for recovery of about 40-45 thousands. Hence, i paid rs.3000/- though above said mode of payment. (Total amount paid till now rs.5000/-).

Thereafter, i received another call from accounts department that i got win a coupon and i will have to pay only rs.10, 000/- instead of 20, 000/- balance, for subscribing one year service. Moreover, i will also received 4 welcome calls on which i can earn high profits. When i denied to pay any amount they keep fighting with me on phone and bullied for stopping existing service also. Again i received a call from their senior and mr. Sanjay promised for recovery of my loss occurred due to their wrong calls and asked for payment of 5000/- more and said that no one from his company will ask for a single penny now. (Total amount paid till now rs.10, 000).

After payment of 5000/-, i again received a call from accounts department for balance 5000/-. And finally again i received call from mr. Sanjay for his apology and regretted for his wrong communication and hence i paid rs.5000/- (Total amount paid till now rs.15000/-).

After payment of complete amount of one year service, they provided me loss making calls for two days, and then ask for paying rs.7000/- more for generating risk profile (I. E. To purchase their another product) otherwise i will keep occurring loss like that. When i asked that these terms were not clear at the starting, they start fighting with me and bullied to stop existing service also, if i will not buy second service.

Meanwhile received a call from their senior and promised for taking action against their staff and provide me good services, if i will take my compliant back.

After above calls, all the communications has been stopped from the adviser street. Moreover, for few days they stopped sending their regular messages but when i warned them for initiating criminal proceeding against owner as it was clear cut case of cyber fraud. They sent a apology message and restarted the service.

Now my concerns are:

1. They have taken money from me by doing fraudulent promises i. E. Rs.15, 000/-. Hence, i want my money back.

2. All the promise they did are in recorded conversation, hence these all promises are binding on the adviser street under section 9 of indian contract act, 1872. Therefore, they shall pay a compensation for breach of contract of rs.2, 00, 000/- for the following promises:
A. That i will have good profit out of calls they will provide me.
B. That i will received 4 welcome call where i can book good profit.
C. That they will not ask any single penny after above said payment of rs.15000/- still asked for more payment of rs.7000/- for buying an additional services.

3. I have occurred loss about rs.10, 000/- (Approx) due to their fraudulent marketing strategies. Hence, compensation of such loss shall be provided by adviser street.

4. I am a middle class person & ca-final student, and having exam due from 1st may 2018 but not giving exam as i was expecting to take 2 subject coaching recently added in my curriculum, but the money is snatched by adviser street fraudulently. Hence, i am having to leave exams and need compensation of harassment of rs.3, 00, 000/-.

5. As i belongs to finance field, i was interested to know about share market, hence framed by these fraudsters and broken my belief of humanity and market activates. Moreover, they made my productive time wastefully by their stupid acts of fighting with me in office hours. Hence i need compensation of rs.1, 00, 000/- for the above un-ethical behavior and miscommunication.
Total amount of claim: rs.6, 25, 000/-

Request to statutory authorities:

Kindly take strict action against these fraudsters to safeguard small investor of the market not having good knowledge of these frauds.

I have call recoding of each and every conversation with adviser street, hence please provide me address to send the audio clips of such recoding.