Case of City Limousine

Recently in my Article, City Limousine Investment Scheme, I have disclosed that How the owners of the Company have cheated literally hundreds of thousands of people by lucrative Ponzi schemes. According to the Economic Times, Mumbai Police has unmask this scheme and now the case is running under the court.

Recently after reading my Article one person has called me. He told me that, City Limousine is a good scheme and he has invested Rs.10 Lakhs in the scheme since last few years and up to now, everything was alright and he was getting good returns.

But since last couple of months, there is some problem with the scheme and according to the owners of the Company, some Income Tax case is running in the court. And within next couple of months, it will be solved and he will again start getting returns.

I tried to convince him that, the case is not about Income Tax but it is about fraud. But he did not want to listen to me.

So Finally I gave him an advise that, Please take out your money from that scheme if possible. And if it is not possible to withdraw money than please don’t invest more money hoping that the case will be resolved one day and you will start getting returns.

This is the psychology of most of the people. When it comes to investing, they don’t want to believe anything. They don’t want to to accept the fact that such types of high returns are not possible. They simply don’t want to believe that their money is lost in a ponzi scheme.

There are several people like this, who have invested their whole life hard earned money behind such types of ponzi schemes and now they will spend 5-10 more years to get back this money.

In my opinion, if your money is stuck in such types of schemes than simply forget that money. Don’t waste your time behind recovering that money. Instead of that, use and focus that time behind developing your own Business or Investments…!!!