Another Ponzi Scam
Department of Consumer Affairs,
Govt. of India,
Sub: Another Pyramid Marketing Scam of Rs. 7000 Crores – gross violation of Prize chits & Money Circulation Schemes Act, 1978.
This is bring to notice that one Harish Sondhi plus four other criminals have opened a Pyramid Marketing Company (Ponzi) & has enrolled around 5000000 members in Delhi & other states. They are Head Quartered at A-3/24, Janakpuri, New Delhi-58.
There online link can be seen at http://securedlivesonline.blogspot.in.
It is further submitted that they are selling consumer goods worth Rs.14000/- to each member in this chain scheme. That makes it Rs.7000 Crores of sales. If it is worth noting that none of the branded product they are selling is genuine. They have never paid any VAT or Service Tax till date. They have been operating since 2002 from the same address, it is very important to check them at the earliest so that other innocent people get trapped or cheated.
They started with a website called Easybizz.com the shifted to safeandsecureonlinemarking.com, & now it is running as www.safeshopindia.com. They fool the common man using one letter issued by your Deptt.’s Deputy Secretary, Shri Surendra Singh.
This is going to be a bigger scan than Noida Ponzi, if is not stopped immediately. The local SHO VATO and Income Tax Inspector regularly collect protection money. This is kind public scam brings a lot of disgrace to the Govt. it is requested that Delhi Police be asked to get into the bottom of the affair. They have number of cases registered in Bihar, U.P., Orissa, Rajasthan, Punjab and other states. They always get away by pleading that their online business has nothing to do with multichain marketing. It is not so. You look in to their corporate structure and bank accounts.
I request you to order for a complete scan of this scam. They are not paying any VAT or service tax since beginning. Their bank accounts speaks of their scam (Janakpuri IDBI and HDFC) etc.
Please get this matter investigated at the earliest before it blow out of proportion.
Yours faithfully, more