[Resolved]  VPRofIT — CHEATING PUBLIC BY SENDING FALSE MESSAGES

M/s VPROFIT, CALAIMS TO RPOVIDE "DOUBLE CONFIRMED, NO LOSS, PROFIT ONLY" TIPS FOR TRADING IN STOCK MARKET, SUBSCRFIPTION OF Rs.24000/- PER MONTH. THEY ALSO CLAIM THAT MINIMUM PFOFIT PER DAY WILL BE Rs.10000. AS AGREED OVER TELEPHONE THEY COLLECTED 12000 AS ADVANCE ON THE CONDITION THAT BALANCE 12000 WILL BE PAID OUT OF PROFIT OF THE FIRST WEEK. DURING THE FIRST WEEK THE TOTAL PFOFIT ON TRADING AS PER THEIR TIPS WAS LESS THAN Rs.4000. THEY ALSO SEND FALSE /MISLEADING MESSAGES TO (APPARENTLY TO NON-CUSTOMERS). AN EXAMPLE IS: ON 6.10.10,MORNING THEY SEND TIPS TO THEIR CUSTO0MERS TO SELL DRREDDY LAB IN FUTURE AT CMP(1519.5). A FEW MINUTES LATER WHEN DRREDDY LAB WAS TRADING AT 1518.5(SELLER,S RATE), THEY SENT MASSAGES (APPARENTLY TO PROSPECTIVE CUSTOMERS OR NON-CUSTOMERS) READING"OUR SELL CALL IN DR REDDY LAB IN HUGE PROFIT. A PERSON WHO DO NOT HAVE THEIR SELL CALL WOULD HAVE THOUGHT THAT THE SELL CALL WOULD HAVE BEEN AT ABOUT 1534( THE HIGH BEFORE THEIR MEWSSAGE) AND AT CMP 1518.5, THE CALL WOULD HAVE GIVEN PROFIT OF ABOUT Rs.4000/- WHEREAS ACTUALLY THE TADE WAS IN LOSS TAKING INTO ACCOUNT THE BROKERAGE. UTIMATELY THE TRADE RESULTED IN LOSS AS THE STOP LOSS HAD HIT.THE MESSAGE "OUR SELL CALL ...." IS MISLEADING AND FALSE CLAIM.