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47%
1.27 

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Frontline Grandeur, 14, Walton Road, Bangaluru 560001, KA

+91-80-43676869

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Got cheated of my savings
Aug 14, 2010 06:10 AM 8471 Views

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I have been cheated of my investments and regret the day I opened a demat account with this company (way2wealth brokers pvt ltd) in jayanagar 3rd block bangalore branch.


I am deepak. my customer id is ..


On the day of last transaction with amit(person handling my account from way2wealth-w2w) told me to sell nifty futures 300 shares at 5469 market rate and partly recover the loss as he felt the market was going down now according to his cues. contact 9632219076.. 08026547272.next day morning he called me and said that the market was going up in stead of going down and it was 5474 market rate and I will be at huge loss if I don't buy back now.


I had heard this from him over and over again many times and was fed up and angry with him and told to buy it back and had to book a loss of rs5500/-.


It was so easy for him to give wrong advice that he never hesitated and even thought for a second that it is our hard earned money. All this just for a little transaction fee out of which he gets a cut.THEY ALL FEEL THAT CUSTOMERS ARE SCAPE GOATS AND THEY CAN SACRIFICE US FOR THEIR LITTLE PROFIT.


It all started with the first transaction in 18/jan/2010 where he made me buy share worth 1.5 lakh where I ended up loosing rs10000/-. After that he assured that he would advice me to pick stocks form which I could recover my losses. my bad days had started from that day on words..


ne after the other transactions I started becoming poorer by the day. He assured me every time and I hoped that I will recover my losses.. until now over a period of 8 months I ended up having a loss of up to 4 lakhs!!! 4 lakhs of my savings over many years is gone..


I was not able to use this money for my children or my parents who r still paying many loans or for my family future.. this is what happened to the money with which my family trusted me..


I am burning inside thinking of that everyday and of such a wrong decision I made to invest money in way2 wealth brokers pvt ltd to get more returns from my investments..


I want to know how I can get justice for all that has happened to me and would warn everybody not to fall in a trap like that..weaker persons would end up committing suicide. My family has lost trust in me but is still supporting me..


Everyday I burn inside thinking of how I lost my savings to such frauds.. everyday..


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