Lure of Instant Riches

GoldQuest has been hounded by the Chennai police but all other agencies seem to be hell- bent on passing the buck

Since 2006, I have received several letters, complaints and inquiries about GoldQuest (also known as QuestNet), a chain-marketing scheme (they call it network marketing) that sells limited edition gold coins, figurines or watches for Rs30,000–Rs35,000. The big draw, however, is...

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Bad Bets to Bad Debts

Investors must simply learn to be more careful before parting with their hard-earned savings

We, at MoneyLIFE, try to help people to resolve their grievances. And, indeed, many people have benefited from our intervention. However, it is impossible to help anyone who has made a disastrous, foolish or careless investment.
Many companies are simply out to run away with your money. Others are...

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Deal with the Loopholes

While acting swiftly on policy changes, SEBI must also ensure strict enforcement

The many layers of lies, intrigue, falsification of accounts and political machinations behind the Satyam scandal are unravelling everyday like the peeling of an onion. Yet, it is also evident that the government is in no hurry to get at the truth behind what is billed as India’s biggest corporate scandal ever....

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