Mohan Patil owner of Shree Samuha Vayudoot - Tourist Co. Investment Fraud

23rd feb 2011 : Recd. SMS from Mohan Patil as follows:
If you have not subm. bkg. details, this is last chance, submit it before 28.2.11 after that ill 1.11.11 new details will not be taken for consideration-MP - TD-VDI-MUM
Dear agents, We have recd only 1700 agents data which we have process already, statement forwarded for verification, submit before 28.2.11. Mohan Patil.
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23rd July 2010 - SMS recd.TD-VDI-MUM
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25th May 2010
Vayudoot name on cnbc. paste this link in browser.
http://www.moneycontrol.com/video/special-videos/exposed-the-multi-crore-city-limouzine-scam_441581.html

11-May-2010.
Mansacha ahankar mansala sanghatit houn det nahi. Ani asanghatit rahun adhogati nischit. Pragati havi aslyas ahankar tyagun "logo" pramane ek meakanche hat ghatt dhara, vatlyas majhya virodhat sanghatit jhalat tari chalel lavkar nyay milvayacha aslyas 15/5/2010 paryant form ani photo id bharun ale nahi tar mi mazha nirnay ghenyas mokla rahin. Adhik mahinyachya hardik shubhechchha.
Mohan Patil.(Sent through SMS)

12th March 2010.

He paha mala mahitiye pratekache vichar vegvegle asu shaktat
pan paisa mansala manus thevat nahi, Apan pahat aaha ki mohan vasant patil ha manus Apalyashi ge 1.5 warshe khote boltoy

to mhantoy ki mazya kade paisa aahe mi to tumhala dein pan tyala
Aadhi maze office ughadudya mag mi lokanche paise dein


pan maza prashna asa aahe ki geli 18 mahine Mohan Patlane office chalu thewale hote
mag tevha ka tyane paise dile nahit.

dusara prashna asa aahe ki
lokanna fasavnyache tantra tyala changle awagat aahe
mhanun tar lokanna jamwun to sangu icchito ki mazhya mage kiti lok aahe


evhade Sagle " JAN AANDOLAN" Tyane Evhadya mothya " AAZAD MAIDANAT" Kele
Pan Evhdya Maidanat Tyane jara tari Paishyavishee kay Sangitale Ka
Ki Maza Paisa Kuni Ghetlay ?

Mi Tumacha Paisa Ya Karnasathi Waparlay ?

Mi Samaj Seva Keli

Ti Samjseva Swathachya Khishatun keli ?
Aamacha Sawaal Aahe ki Patil Bhadyachya Kholit Rahto tar " AASHRAM SHAALA BANDHAYALA YACHYA KADE PAISE AALE KUTUN"


KRUPAYA JAPUN... RAHA
PATIL KHUP DHURT MANUS AAHE
TYANE SAGLYANNA DHANDHYALA LAWALE AAHE
Nishant Awade
========================
I had invest the money on july 2008 for 120day's but still I have not receiving any refund from company . My agent given me one PDC agains my investment but taken back and told me that he will arrange and send me On Oct 2009, But yet not receiving any responce from company.
Pls give me sugges what I do?
================

ShreeSamuha or Shree Samuha No Money return after investment

Received SMS from Shree Samuha as on 12th Jan 2010.

Kindly fill the form of confirmation from the customer those who have not received the bonus and also those who have received the cheque but not honoured

Submit it to your senior to start our actionimmediately and pass this message to all your downline and concern? Mohan Patil.

Shree Samuha's all offices are closed this company is cheating peoples since last 1 and half years. There are numerous no. of cheques have bounced. We need to take action.
There is no communication available to talk with Mohan Patil?

I had invest money in SHREE SAMHUA scheme Rs 3000/-, & agent promise to pay Rs 12600/- after 3 months. But I have not received single money from them. Every day I received only commitment from agent. I had invested money on 15th July 08. Now it’s almost one year & 3 months now. But I have not received any single cheque. Pls help me to get the principle amount because I had invest around 40,000 to 50,000 thousand which I suppose to received around Rs 2,00,000/- amount from SHREE SAMUHA. My humble request to new investor to do not invest money in this company. Pls help me to get back at least principle amount…

Fraud investment scheme festival in Mumbai

A Red Corner Notice has been issued against a white-collar criminal who along with his wife and four others duped over 3,000 gullible investors to the tune of over Rs 40 crore by offering them unbelievable returns. The notice seeks the arrest of the accused, Sandeep Kandalkar, who is believed to have left the country. Kandalkar, along with his wife Lina and four others, floated a scheme that promised investors over 100% returns and an Indigo car at the end of five years. Lina is still at large. One of the other accused Shantaram Naik was an employee of MTNL.

According to the Economic Offences Wing (EOW) of the city police, the fraudsters had distributed around Rs 13.5 lakh to the investors. The police have seized Rs 50 lakh, and attached several of their properties across the city. In his complaint, one of the investors, businessman Kailash Gonge, said he was lured into the scheme by a Sunil Mhatre who introduced him to Naik. The latter boasted about his clout and claimed to be a partner in four companies along with Kandalkar.

On an investment of Rs 1.6 lakh, they offered him a maximum return of Rs 25,000 every month for five years. On completion of one year of the investment, Gonge was promised that an Indigo car would be purchased in his name. He was told that the vehicle would be handed over to him at the end of five years.

Gonge and his wife invested Rs 6 lakh and spread the word. In fact, acting on his advice, Gonge's friends invested a total of Rs 54 lakh. For a few months, Gonge got his returns, but later the cheques began to bounce. The conmen initially covered their tracks and told Gonge that their funds, which were they were expecting, had "got stuck". One fine day, their offices were shut and investors were left in the lurch.

There have been numerous instances in the past where fly-by-night operators have been luring the public to invest in such schemes. "Despite exhorting people to refrain from investing in such companies, they continue to flourish," a police officer said. People do not realise that a business module offering such huge returns are not viable. "For instance, if a company offers a 50% interest as returns on investments, it should be earning 300% to offer such gains in the first place. People should use their common sense before falling prey to such schemes," said the police officer said.

The investors that prey on Mumbaikars include both the rich and the poor, and it's sheer greed that lures the public into such schemes. "If my earning is meagre and if these companies are offering me fantastic returns, I will certainly be interested. This is to ensure my family's future," said one investor. White-collar crime is the crime of the future, says joint commissioner of police, Rakesh Maria. "When we learn of such cases, we verify them and take action," he said.

In April 2009, the state had enacted the Maharashtra Protection of Interests of Depositors (in financial establishments) Act, when a plethora of plantation companies vanished after collecting money from public. The Bombay High Court, in September 2005, struck down the Act after several companies challenged the legislative competence of the state to enact it. One of the Act's salient features was that the properties could be auctioned off and the proceeds used to return the investments. The state has now approached the Supreme Court in an appeal and the matter is still pending. After the high court struck down the act in September 5 2005, all cheating cases went into a limbo as the HC had ordered a stay on the trial.

The RBI has also expressed its helplessness saying that these companies do not fall under the category of Non-banking Financial Companies, which they are empowered to regulate. The money collected by such companies cannot be termed as a deposit, thereby preventing the RBI from

intervening and taking action.



CONNED IN MUMBAI

An easy ride

In 2007, Aim Limouzines floated a car-rental investment scheme, where investors were asked to invest anywhere between

Rs 85,000 and Rs 3.2 lakh. They were told the money would be used to buy cars, which would be transferred in their names after a few years. During this period, the company promised monthly returns of Rs 6,000-12,000. Over 2,000 people across India invested in the company, which allegedly stopped payments to many of them. The Economic Offences Wing, Mumbai, has frozen 11 bank accounts, and the Hyderabad police recently arrested a company official



The Gandhi connection

Ejaz Ahmed Khan (29) conned eight people in Mumbra of Rs 40 lakh by claiming acquaintance to no less a person than the Father of the Nation, Mahatma Gandhi. Khan, now on bail, morphed a photograph showing Gandhi resting his hands on his shoulders before attending a meeting with a British general in 1945. The copies of this photograph were widely circulated in Mumbra and eight people fell prey to this smooth-talking conman. They lent him the money to set up a computer business



From Rs 3,000 to Rs 3L

In Thane, Shivaji Kamble, who ran a vada-paav stall, made off with Rs 18 crores that he was able to collect from over 32,000 people after promising them high returns. Kamble, who floated Maharashtra Marketing Golden Holidays, promised investors Rs 3 lakh at the end of one year on an investment of Rs 3,000. The matter is pending in the court



Double or nothing

Powai-based Kaustubh Choksi (31) and his six accomplices offered 1,100 investors a chance to double their investments in just 20 days. Choksi collected Rs 3.14 crore in a short period. He claimed to have used the money to revive his company, which had been hit by the economic downturn. The accused are currently in judicial custody



Two-hour investment

A 30-year-old college lecturer from Thane, Arvind Ojha, conned people by offering them returns of Rs 45,000 in 2 to 3 hours. He asked the public to register online after paying a nominal amount of Rs 500. Each member was provided a business kit and asked to enrol at least five others. The returns they got, he told them, would depend on the number of people they managed to rope in. Ojha is currently out on bail

Want easy money? See where you go

More often than not, schemes promising huge returns are Ponzi traps.

"Boy, I got vision, and the rest of the world wears bifocals." -- Paul Newman, as Butch Cassidy, in the all-time classic western Butch Cassidy and the Sundance Kid

I walked out of the airport and into the rain. She was there, waiting.

"Did you miss me?" she asked as I got closer.

"Must you know?" I replied.

"Ah, let it be. You know, I wanted to talk to you about an investment I wanted to make," she said.

"What investment?"

"This friend of mine wants me to invest in an investment scheme that promises to double my money in six months. Isn't that exciting? A 100% guaranteed return in a year."

"But where will they invest your money to be able to give you that kind of return?"

"Oh, let them invest where they please. All I am bothered about is my 100% return."
"I wish life were as simple, my dear. Let me tell you a story."

"A story? Go ahead."

"Double your money in 90 days! That's what Charles Ponzi, an Italian immigrant to the US, promised investors way back in 1919. In August 1919, in the process of issuing an export magazine, Ponzi spotted a huge arbitrage opportunity. He made an offer to a person in Spain, requesting him to subscribe to an export magazine he planned to launch. The subscriber sent Ponzi an international postal reply coupon, which could be exchanged at the local post office, for American stamps, needed to dispatch the magazine to Spain. In Spain, the coupon cost the equivalent of one cent in American currency. But when he exchanged the coupon in America, Ponzi got six cents worth of stamps. Sensing the arbitrage opportunity, he decided to float an investment scheme."

"But what's this got to with my investment," she interrupted.

"Have patience. Ponzi's scheme promised to double investors' money in 90 days. Money started pouring in. Once the money had been collected, Ponzi planned to convert American dollars into foreign currency, buy international postal reply coupons from various countries, convert them into American stamps and sell them for a huge profit. The idea was brilliant. But Ponzi had not taken into account the difficulties involved in dealing with various postal organisations around the world, along with other problems involved in transferring and converting currency. Nevertheless, the investors got attracted to the huge returns the scheme promised. At its peak, the scheme had 40,000 investors who had together invested around $15 million in it. Meanwhile, Ponzi had started living an extravagant life, blowing up the money investors brought in. On July 26, 1920, the Boston Post ran a story questioning the legitimacy of the scheme. Within a few hours, angry depositors lined up at Ponzi's door, demanding their money back.
Ponzi asked his staff to settle their obligations. The anger subsided, but not for long. On August 10, 1920, the scheme collapsed. The auditors, the newspapers and the banks declared that Ponzi was definitely bankrupt. It was revealed that only two stamps had been actually purchased. Money brought in by the new investors was being used to pay off old investors. Since then, this form of financial fraud came to be generically known as a Ponzi scheme."

"So?" she asked.

"Let us say I start a scheme promising to double money in six months. I can invest that money somewhere and hope it gives me enough returns in six months so I can redeem the amount I had promised the investors. But, generating 100% returns in six months is not easy and wasn't the idea in the first place. Taken in by the huge returns I am offering, people who invest in the scheme initially will go out there and tell other investors about it, so more investors will start investing in it. Six months later, when I need to pay off the initial lot of investors, enough new money would have come into the scheme to allow me to pay off the initial investors. And so the scheme keeps running."

"That's a dangerous game to play."

"So it is. It is important to note that in a Ponzi scheme no new wealth is created. Wealth gained by participants entering the scheme earlier is the wealth lost by those coming in later. Such a scheme can keep running only till the money entering the scheme is more than the money leaving the scheme. The moment the flow reverses, the scamster might vanish with whatever money he has left. Thus, the most vulnerable investors are those who come at the end."

"Are you saying my friend wants me to invest in a Ponzi scheme?"

"Without doubt. There is no other way to generate 100% returns in six months. If you have been reading the newspapers, there has been a spate of exposures of Ponzi schemes of late. Ashok Jadeja, a scamster, was caught for defrauding investors of around Rs 1,600-2,000 crore. If news reports are to be believed, he claimed he could triple investments in 15 days. In another case, in Delhi, Ranbir Singh Kharab, a former MLA, and one Subash Aggarwal, siphoned off Rs 3,200 crore from around 10,000 investors. "

"But how do these fraudsters pull it off?"

"Well, the most important part of a Ponzi scheme is assuring investors that their investment is safe. Early investors become the most important part of the scheme and meeting initial obligations is very important. Ironically, in many cases, it is the investors' own money that is being returned to them. Let us say someone invests Rs 100 in a scheme that promises a return of Rs 20 in 2 months. Now, even with no new money coming in, the scamster can keep returning the investor Rs 20 of his own money every two months, and keep the scheme running for ten months in the hope that the investor will go and tell others about the scheme and get them to invest in it."

"I must be a fool to have considered investing in such a scheme. But how come such schemes keep surfacing time and again?"

"The attraction of easy wealth is hard to beat. Ponzi Schemes offer huge returns in a short period of time vis-a-vis other investment options available in the market at that point of time. With good advertising and stories of previous investors who made a killing by investing in the scheme, investors get caught in the euphoria that is generated and hand over their hard earned money to such schemes going against their common sense. Greed also results when investors see people they know make money through the Ponzi scheme. As economist Charles Kindleberger famously wrote, "There is nothing so disturbing to one's well being and judgment as to see a friend get rich."

The example is hypothetical
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I had invest money in SHREE SAMHUA scheme Rs 3000/-, & agent promise to pay Rs 12600/- after 3 months. But I have not received single money from them. Every day I received only commitment from agent. I had invested money on 15th July 08. Now it’s almost one year & 3 months now. But I have not received any single cheque. Pls help me to get the principle amount because I had invest around 40,000 to 50,000 thousand which I suppose to received around Rs 2,00,000/- amount from SHREE SAMUHA. My humble request to new investor to do not invest money in this company. Pls help me to get back at least principle amount…

Shree Samuha Complaints
Shree Samuha Complaints

Fraud
my brother invested more than INR 50000/- (by lending money from my family and friends) in this scheme just because this company returns us 4 times the invested amount so i have invested it. once i got the money of 3000/- against INR 1000/- deposit. within eight months but after that i thought may it is taking time but its been more than a year and now company is saying that you will get only 1 and half part your money rest will be re deposited automatically. and is compulsory which no one informed us at the time of depositing money. i have tried and cleared all dues to my friends and colleagues on given word but i am worried that i have not got my moneyyet. as i have agreed to even take that much money but these peolpe are saying that it will take near about eight months time again. i would request you all kindlty help me getting my atleast invested money in one short and also one advice to all my Indian friends do not trust any agent or such company even they give 1000 times more money... its one my my very good experience that try and go for only earned money. never try for extra money in other way. DO NOT INVEST WITH THIS SHREE SAMUHA.

Thanks & Regards

vrushali vaidya

Please write your comment on..
Is Swapn navhe vistav or vastav????
Is Shree Samuha or vayudoot domestic & International Group is fraud or popular group, who gives money to people?



Anybody have recd. any cheque from Mohan Patil or Shree Samuh since last one year?

Get-rich-quick scheme leaves many poorer

The advertisement was too good to be true: invest Rs 3,000 today and get Rs 3 lakh after 12 months. For those more needy (or greedy), a fortune of Rs 33 lakh was to be deposited directly in their bank accounts after 12 months on an investment of just Rs 33,000.

H R Thackeray found the offer irresistible and invested Rs 3,000 in the Maharashtra Marketing Golden Holidays, a "finance company'' floated by Shivaji Kamble, in May 2008. A year later, Thackeray tops the list of 25 people who have filed a criminal complaint and cheating charges against Kamble at Thane Nagar police station for defaulting on his promises.

Kamble has vanished and so have the dreams of hundreds in Thane residents who invested in the get-rich-quick scheme by the conman. "We got carried away by the lure of easy money. On seeing the advertisement, I visited Kamble's office near Nagrik Stores and was impressed by the opulence,'' said D A Narayani, an employee with a pharma company at Shastri Nagar in Thane (W).

Kamble convinced Narayani and the likes of him by issuing a credit card of a private bank and assured that they could withdraw their lakhs after one year. "A year has passed and the investors haven't got their dues. Kamble is untraceable,'' said Narayani, among those who were duped. He added that Kamble had opened three office-in Thane, near Elphinstone station and in Diva.

Money still doesn’t grow on trees, but some enterprising businesses are promising just that. Well, almost. Investment schemes that sound World's top tax havens that hoard billions too good to be true are mushrooming, offering to more than double your money by investing it in the retail, car leasing, resorts and cruise segments.

This, when even top-rated fund managers struggle to eke out measly returns in markets ravaged by the financial meltdown, and investors the world over are coming to terms with the aftereffects of the Madoff scam, in which one of Wall Street’s top investment firms, Bernard L Madoff Investment Securities-was exposed as a giant Ponzi operation.

But Shree Om Sainath, City Group and Metro Cruise, three “investment companies” that ET had a close look at, seem unfazed. With Shree Om Sainath, you can place an order for a brand new Tata Indica car for just Rs 1.25 lakh. You will get your car only after five years, but until then the company will pay you Rs 3,435 every month. And for a deposit of Rs 1.39 lakh, the City group, will give you Rs 8,800 every month for the next five years.


Also Read → Madoff sentencing set for June 29 → Black money: Notice to 50 Indians with LGT a/cs → Some biggies on list of LGT Bank account holders → India has got black money details from Germany: Govt

The City group has a dozen or so businesses, including City Limouzines, City Realcom and City Hospitalities. Metro Cruise’s retail plan promises an even higher return: invest Rs 1.05 lakh, and collect Rs 12,517 every month for five years.

As part of its realty schemes, it is also promising to issue Metro Cruise preferential shares worth Rs 50,000 to Rs 95,000 depending upon the scheme. The marketing executive mentioned that it has about 10,000 customers and it offers 6% commission if somebody gets a new client to invest in their schemes.

As many of these schemes do not technically take public deposits, they escape the stringent guidelines of the Reserve Bank of India (RBI). But then, just how do these firms cook up such steaming returns out of nowhere? “We cannot give the recipe of our mutton curry to everybody,” says SM Masood, chairman of City group. His marketing executive claims that it has about one crore investors from across the country.

Market experts fear that many of these schemes promising super-sized returns may turn out to be Ponzi schemes, named after 20th century US fraudster Charles Ponzi, where cash from new customers is used to meet demand from existing customers.

And it’s not just the recipe, but the entire menu that needs to be closely monitored, they say. But experts are divided on who should be the one to overlook them. According to an RBI official, these companies do not fall under the central bank’s purview.

my agent fraud (Ms. Manisha Gaikwad) I invested 6,000 Rs dt. 18/082008

But no Any response to my agent (Manisha Gaikwad) she said to me company Audit is going on please wait some months i will give you cheque. But no any reply.

Please help me what is the procedure about this policy & give your any contat mumber to my personal e-mail id.

Please take quick action on this matter, its very critical issue.

I would like the Goverment and the law body to take strick action against such frauds and help us return at least the capital invested amount which is Rs 6,000 /- .

MLM based Network marketing company never success in the market, dream for earning lot of money is way for loss the life.
MEHANAT KAR KE DIMAK LAGAO KHUD KA KAAM CHALU KARO.
I hate vayudoot, if Mohan Patil is having lot of money then how the public money increased with this scheme.
what about the poor people who had seen dream. If this scheme was for poor people, then why poor people crying now. Why they would like to sacrifise their life, is this way to live in this world for poor people.
Mohan patil have to sale their property for giving return atlist 50 % principal amount for the poor people.
All collegues & agent have to think for the poor people who had join for this.
Pollitical people have to support to the people & have to stopped fully this types of companies without taking any commisson from them.

Mansacha ahankar mansala sanghatit houn det nahi. Ani asanghatit rahun adhogati nischit. Pragati havi aslyas ahankar tyagun "logo" pramane ek meakanche hat ghatt dhara, vatlyas majhya virodhat sanghatit jhalat tari chalel lavkar nyay milvayacha aslyas 15/5/2010 paryant form ani photo id bharun ale nahi tar mi mazha nirnay ghenyas mokla rahin. Adhik mahinyachya hardik shubhechchha. (Yewhad Bolun Lokancye Ghetlele Paise Parat Milat Nahit Aadhi Lokanche Paise Dya Mag Baghu Vishwas Thewayacha Ki Nahi )