Wednesday 1 June 2011

Allegations against Pancard club as fraud

To invest in the market is quite a risky affair considering the amount you are investing. Majority of us always look for schemes which are less risky and offer maximum returns but there are hardly any such schemes. As every economist says that there is an inversely proportional ration between risk and profit.
But there is always an exception to any laws and even this law has an exception. The exception is in the form of Pancard club Investment Scheme. The exception means that there is no risk in the investment and the returns on it better than any other such investment schemes. You might come across allegations or accusations against Pancard Club Investment scheme terming them as fraud or cheats. There are also many complaints posted by members in consumer complaints site which doesn’t support the facts.
Even their complaints lack many points which doubt of their genuineness. The fact is that no one likes competitor to grow faster than your company, so tackle it competitors do such unethical things which hampers the company’s brand. The same thing happened to Pancard clubs, often terming the scheme as a scam from Panoramic Universal Ltd. The company never thought that its competitors will tarnish its image in such a way. It’s not that Pancard Clubs is not growing any more but the growth rate has somewhat diminished coz of such issues.
Business should be done in an ethical way which not only increases healthy competition but also helps in getting the best product or service to the customers. You have to increase your productivity to earn revenue instead of targeting competitor’s productivity. This was one of the incidents which made us aware of the fact that the competitors use to promote their products. Your product should be an automatic option; it shouldn’t be an alternative option.