[Resolved]  Indianmoney.com — Miss Selling , Fraud

Hi i am an IFA dealing with mutual Fund This is around a month back i was approached by one of India money employees to start an association with Their company, And so i did with a nominal amount of Rs 1500, i Got 15 leads out of which non materialized, probably due to client was not reachable or the amount to be invested by the client was very little to cover my traveling cost. whatever experience i got was my own risk. but i must say the leads were given to me on prompt basis. This Actual thing that happened was a month later, When I received a call from one of IM's lady employee named Priya. Initially I told her that I would not be interested, as it would not generate any revenue for me. But only when she told me the following I got convinced to upgrade my services.. 1) " Sir you were put in a general category where the leads are of people who earn 2 lc per anum" 2) " If you take a package of 100 leads then you would be uplifted to a corporate category where in the leads provided to you would be of people having a annual income of 10lc or more" 3) "i currently have a lead in your area who is willing to invest 14lc in mutual fund" 4) " i will make sure you recover your invested amount in first call" and probably this all would be recorded in their backup system as she called from a land line no [protected] her name was priya at 12.27 pm on 10th march 2015 . I Did the payment of 22k to IM's company account the same day, only to realize that the same employee and so called my RM had stopped receiving my call. I was taken aback and did some research online to find many other associates facing a similar problem. Then i tried calling Mr Avinash ( Manager ceo Office) from whom i learnt that there are no grads in which the associates are divided, and i would continue to get the same old leads which do not fetch me anything. After a lot of Trouble i was able to extract one lead which they said was the best lead and will definately generate a investment of 1 lc . What i later found out was that the client is a young boy who has just started working . montly salary of 15 k paying a loan of 8 k and balance amount used in house hold activities. When i asked the client how much he wanted to invest, he told me that he has no plans to invest any amount for near future. Thus my trip, my effort and energy all down the drain, thx to india money Its a great agony to see a Company miss selling, whose base started to stop miss selling.. Going through a legal way would not help either o[censored]s, As we have signed a MOU and we have agreed their terms and condition on welcome call. Which states that they will just generate leads, Quality of leads are not guaranteed . The percentage of conversation is not guaranteed . It is unfortunate o[censored]s that we have learnt the lesson the hard way. The company is not fraud but the commitments given verbally are wrong . if at all any one wishes to collaborate with this company kindly demand everything in writing before the payment is processed Contact people here in this company Priya :-[protected] Avinash :-[protected] ( Manager CEO's Office) CS Sudheer :- [protected] ( MD Indiamoney.com)