[Resolved]  Ascendfund.com — Non payment of interest

From : S.Subramaniam,
S/o.Subburatnam,
257 Saranga Nagar,
Jothipuram (Post),
Coimbatore – 641047
Tamilnadu State,
India

To : The CFO,
Ascend Fund Inc.,
Queens Bridge Street,
Melbourne, Vic 3000,
Australia.
Reference : A/c Name S.Subramaniam, D/B 15/06/1933
User I.D : Vijayagiriar, Password : Vijaya
Date Commenced : 26/04/2009 accounted on 27/04/2009
Amount of Investment $400 USD

You promised to pay interest at 1% on my investment daily upto 345 days. I received the interest from 27/04/2009 to 27/09/2009 only. From 28th Sep. 2009 upto and inclusive of today (11/02/2010) nothing has been received from the Ascend fund investment company.
Mr.P.K.Padmanabhan informed that interest as noted about as not been received by Maruthi, Balamurugan, Kumara1, Sarathy and Sarathy 1.
Every month they are eagerly waiting anxiously for the money but disappointed and worried much whether the company would continue to give as per agreed days 345. I would like have your reply immediately and urgently make as the payment as agreed. Immediate and urgent reply is needed.

Thanking you & Regards
Yours truly
S.Subramaniam
11/02/2010
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Aug 14, 2020
Complaint marked as Resolved 
 
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* Weekly Capping INR 70000
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* Day of payout Monday
* Trimming will be applicable
* 2 Direct is necessary to Get Holiday Trip


2.Inactive table:
Those associates unable to sale any package after 90 days they can get position in Inactive Table by giving one request mail. Company will raised fund Rs 100 per sale on monthly basis whatever fund will raised company will divide equally those who are in inactive table. Inactive associates will get up to Rs 8995 in future. this table depend upon total company growth and its time being process. Company will not liable to pay return joining amount because you paid for holiday package. After getting into company table following membership will be treated as dead ID.
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I invested 2000usd in ascendfund.info on march 27th 2009, i received profit as per profit sharing system, i got my invested amt back, nw i taking my profit, acc to me this is an excellent plan and i am refering this also.
I had invested 200 US$, since two months, when will i get my pay out
Shaliniaccording to my knowledge many people invested in Ascendfund and they are getting their interests through Western Money Transfer. Did you give instruction to the company to send your money through Western Money. Every month when you withdraw interest, you have to instruct for transfer with your address. Otherwise you can ask your friend who reffered you into this business, how to get your money transfered. I never heard there is any problem in transfering money from Ascendfund. please replay me . [protected]
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