Epic Research
- Fraud Stock Advisory Company Open
Shashank Kulshrestha filed this complaint against Epic Research on Jul 26, 2019
Resolution Demanded:
Refund
Varsha from Epic Research called me and started telling me about their business, clients, quality of calls, SEBI registrations, and later plans. So, here I saw an intraday cash plan which is of ₹*,*** per month. I decided to go with it. Varsha said that “Sir, start with it but I will make you work on our rhodium cash plan”, So I said okay, as I make a profit with my current plan, I will upgrade to it. She said okay. Next day, I started getting stock calls from them. When I placed my first order, I got to know that these are *rd class stocks which will not be getting any margin from the broker. So, I was told about ₹**,*** per month plan. I asked that “Ma’am, will this plan be having good calls?, Varsha said yes.”. So, I made payment and upgraded to the Equity Cash Regular plan. Now again the same thing happened, this plan had a better profit percentage but still most of the shares were from *rd-grade stocks.
I talked to Varsha, she told me that sir our rhodium cash plan have all A grade stocks, you will get margin on these stocks. Not having money to pay them, I told them. Varsha told me, sir, please arrange this amount, you don’t need to pay anything after that, so just do it somehow and we will recover this amount within **-** days. Somehow foolishly I fell in the trap and bought this ₹**,*** rhodium cash plan.
It’s been * days since I was making profits of about *K daily, I got a call from a senior named Sahil saying that sir please buy a quarterly plan, it will cost you ₹*,**,*** for * months, so you can save on your monthly cost of the plan. I directly denied it as I was not having money. I was not interested in any upgrade, even after that Varsha talked to me for almost about an hour and convinced me to make further payment. I paid them ₹**,*** more and Varsha said that rest you can pay when you make some profit.
* Days of profit, I was happy. But, * days alone can’t tell you what you will be having at the end of month. *th day, a series of losses started and I went in overall loss. Varsha again called me and said that “I had words with my team, Please make a payment of ₹*,*** only and I will get approval to give you some H&I calls on which I am expecting at least ₹**K profit within couple of days. I trusted her words and made the payment. So far, I paid ₹**,*** and I am in additional loss too.
An entire month gone, all dreams got vanished and I was in additional loss of ₹**,*** and the amount I paid them is also in the loss. So, I am in the loss of ₹**,*** in total. At this point, I got to know that I am stuck, they just professionally scammed me.
No refund policy is their biggest friend. The customer paid them, now whether he be in profit or loss, the company is not liable for paying anything back to the customer. i don\’t know why our laws have allowed companies working without any refund policy, scammers are minting money with beenfit of it.\\
i gave them another chance to recover my loss. its been * days and i am in additional loss of **** now. so my total loss is over ***K now.
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Epic Research
OYO
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Roshin A Rahman