MUMBAI: Money-doubling schemes have become so innovative and convincing that gullible investors often fall prey to them without questioning the veracity of the plans even once.
Mohan Patil from Wadala came up with a scheme where women who invested Rs 5,000 in the first month of pregnancy were promised Rs 46,000 on giving birth. In the second scheme, for an investment of Rs 4,000, Patil issued a ticket, that entitled them for a three- day-two-night stay at hotels in tourist spots. Patil transported them in his own buses and also arranged for lodging. After 120 days of the visit, the investors were promised Rs 12,000.
"The returns were directly proportionate to the investment," the police said. Patil was arrested by the EOW on Thursday.
Interestingly, when the police started sealing his offices, he came up with another idea. On Thursday, Patil, with his 'investors', took a morcha to Azad Maidan against the police. But this did not work out and soon after the protest got over, EOW arrested Patil, who has duped several people of Rs 3 crore.
Courtesy:
Ahmed Ali, TNN Feb 9, 2010, 01.49am IST
http://articles.timesofindia.indiatimes.com/2010-02-09/mumbai/28136977_1_gullible-investors-eow-scheme
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