Money Maker Financial — Fraud

Address:	Mumbai City, Maharashtra, 400001
Website:	www.moneymakerfinancial.com

All positive reviews you are seeing - not one will give you their phone number to verify and that too it l be a fake and impersonation - pretending to be a satisfied customer.

Bottomline - they are a fraud company and will loot you till the time you keep on upgrading your package and loose money like anything

Lets talk about their calls i.e. if you are lucky in case you do indeed get any service after paying. Worst calls with less than 1% movement and they'll claim target achieved.

Dont trust them and dont ignore these reviews. I have written them, tried calling them - they dont respond at all after tehy realize that the consumer has become aware of their fraud. Be warned of these individuals especially (who might change their name later - god knows) SWATI and SACHIN. I will share their numbers too - +91 [protected] [protected] +[protected]

I have also learnt they change their numbers every quarter . Which genuine company does that ?? Smell a fraud here

Below is the complaint i sent to which i got no response

Hi,
I have already shared my complaint with your call center and I would also like to lodge a complaint in writing here.

I believe some of your employees are engaged in mis-selling and misrepresentation, drawing huge sums of money from clients on false pretext and commitments. Below is the narrative of the incident that happened with me.

In 1st week of Nov-15, your company's representative who called himself Mr. Sachin (phone[protected] and[protected], kept on persistently calling me after i declined services from moneymaker. Later after multiple calls i agreed for a demo which he activated. Later he asked me to taste the services with an initial package of Rs. 5000 in Options (6th Nov 2015 - EBS Payment ID :[protected].

After activating the service he called me and said he would be providing premium calls on phone as well. He gave some calls which i ended up in huge loss, he then said why dont I upgrade to 'HNI Future' calls as i am a F&O trader and the service would help recover losses, to which is I signed and paid another 20000 on 18th Nov (EBS Payment ID :[protected] as per Sachin's request (total 25000 cost which he told me including 5k earlier paid). He then told me that all my losses will be recovered and i have a better chance to recover if i further update my 'file'. He then forwarded my 'file' to a certain Ms. Swati[protected]. However it was strange that I didn’t get any sms on HNI Futures activation, the sms that came said something else. So later I called Sachin to verify on this but he said he will take care of it, but nothing happened.

Later Swati gave 1-2 good calls on phone, however this seemed to be an attempt to further scoop the customer, as immediately after a few days she asked me that it can’t be continued till I pay more money and upgrade my file to 'Jobbers Package'. I paid another 25000 on 26th November (EBS Payment ID :[protected]. This time also I did not get any sms confirmation on Jobbers but some message on futures activation till march, so I thought it must be some technical glitch and I shared this also with Swati who said to not worry. She also said from now on trade on phone calls and ignore the messages from moneymaker as on call she would guide better. Then she gave a call on a script HeroMotocorp which led to losses in intraday which she said to take delivery on it which I took delivery basis her advice. Later she suddenly became un-contactable and her phone went unanswered.

By this time even Sachin stopped answering phone. Later when i kept trying and trying for days i got through Sachin who made some weird excuses for not answering phone, saying some company telephone lines were changed. I had to close HeroMotoCorp position as i didnt know what to do and ended up in huge loss. Swati was still untraceable, who called me one fine day and several days later making same excuses and said from now on we will give service. I told her I have lost trust and want refund. She assured me that she will recover the losses and not to worry. I told her that I will give her only 10 trading sessions to prove, and she accepted the condition. She gave one telephonic call on Century Textiles which ended up in a huge loss. After that she said we will trade in options to reduce loss risk and gave one option call on Asian paints which did not meet target intraday. Next day she did not bother to call me back and that position also ended up in loss.

In all this Sachin had gone missing and Swati also never bothered to call back ever. I felt completely cheated by these 2, as I have ended up in loss of excess 2 lac rupees and also 50 thousand paid to moneymaker. On the weekend, suddenly after so many days Sachin calls and tell me from now on I will get service. I was surprised that how come he is calling all of a sudden after going missing. Later I realized today that he now further wants me to pay more money to ‘continue’ the service. I was bewildered at his audacity to ask for more money for a service which he hasn’t delivered and now is asking for more. I said I won’t pay till I get promised service and what about his commitment that my loss will be recovered. He then came with weird proposals saying if today he is able to make me a profit 50% of that I should give it to him. I couldnt believe this guy and his guts. I said I will not upgrade any further till I I get my losses recovered. He tried to pressurize and I agreed that I will make partial payment of 5k if my profit is 10k as I am short on cash. And 20k later once my loss is recovered atleat by 1 lakh. He then gave me a call today on a script which I told him that I did not have the margin for and later another call which I traded because margin allowed me for that script. When the call was active and I took position I called him for updates and later he said I was irritiating him for calling many times. I only called after global market opened to know update on position and around 2:30 to ask if I should close intraday position before auto square off. He said ok to clear position for intraday for a profit of 4000. Later when he called back he said the position went further in profit, but I told him that I had called to ask to cut position which he had said ok. He then tried to force me to pay more. I asked him a simple question – what about the 50k I have already paid, what about the service promised for that. He had no satisfactory answer to that. After having duped me for 50k he wanted 5k more today and 20k later to finish the ‘update’ on my ‘file’. I have not earned a single penny out of so called promised service – only got losses and only got denial of service which was promised.

Whenever I call nobody answers the phone and only if I call lot of times consistently, practically blocking the line someone answers and many times somebody else whom I have never spoken. I also seem to realize that the service I have signed up for is not Jobbers package as both Sachin and Swati have dodged this question when asked about the confirmation sms. I would also like to add, whenever I ask for stop-loss for a trade I get told that there is no need for stoploss as we are there to see the market

I have no trust left on your firm and I will press charges on fraud and customer mis-selling in consumer court and SEBI if appropriate remedial measures are not taken by moneymaker which include but not limited to a full refund of the amount paid by me. The loss I suffered is another thing altogether but I want the refund amount for which I have paid and not got service also. After paying for 50, 000 all I got was a few calls far and in between which were not followed up properly too and resulted in huge loss. Besides no confirmation sms was sent for represented service and neither the promised telephonic service was delivered.

If further, no satisfactory action is taken; besides putting complaint to authorities I will write about this in social media. I belong to media industry and a lawyer family so rest assured I will spread awareness about mal-practices at your firm unless you fix them and compensate.

Please call me back on +91 [protected] if you wish to speak to me

Regards,
Kamlesh Ramchandani