This PPT describe the history of the victims and the company. The fraud of Stock Guru Company under Marketing fraud.

1. STOCK GURU
INDIA
-MARKETING
FRAUD

2. Ullhas prabhaker khaire and Raksha

3. INTRODUCTION
 Company - Stock Guru India
 Established - 10 June, 2010
 Owners - Ullhas prabhaker khaire, Raksha
 Business - stock market investors

4. LIFE HISTORY
 Khaire was class 11 pass and his wife Raksha
has done 2 year B.A in journalism.
 Earlier the couple used to get high value credit
cards against fake names and buy expensive
items and disappear.
 The first case registered against khaire was in
2004 in Nagpur but he evaded the arrest and
came to Pune and worked in a call center.

5.  From Pune he went to Bangalore and started
working in a finance company, where he met
Raksha and got married.
 Then they left for Lucknow and then shifted to
Ahmadabad, from there they went to Dehradun
and opened an educational institution under
fake names of Dr. Rakesh Kumar and Dr.
Prachi Maheshwari.
 After collecting fees and documents the
couple fled and came to Delhi to establish
STOCK GURU INDIA.

6. THE CASE
 Both the accused started the company without
registering with RBI or SEBI wherein they
promised investors a high return on their
investments.
 They lured several people to invest in the firm
promising them a highly lucrative return of 20
percent per month up to 6 months on the
principle amount through source based
investments in the share market.
 In the seventh month they would return the
principle amount.

7.  They also had multiple agents across the
country who mobilized funds on their behalf.
 But instead of returning their investments as
promised, the duo suddenly shut down the
office and escaped with the collected funds.
 The first case registered against them was in
June 2011.

8.  After a hunt of one year they were arrested
from Ratnagiri in Maharashtra by Delhi police
economic offences wing.
 In Ratnagiri the couple was living under false
names Siddharth Marathe and Maya Marathe
along with their three children.
 Till 2012, police had received 14,303
complaints in Delhi but during the investigation
they found that there were 2,02,062 investors
who had invested Rs. 10,000 or more totaling
to an investment of Rs.500 crore in Stock

9.  They had duped people from Delhi, Uttrakhand,
Himachal Pradesh, Sikkim, Rajasthan, Madhya
Pradesh and Maharashtra.
 The duo was managing to evade arrest by
hiding in Moradabad, Dehradun, Alwar, Nagpur
and Goa.

10. MARKETING TACTICS
 They had launched a high profile promotional
campaign and even roped in celebrities.
 They arranged shows and seminars in hotels
with even some celebrities promoting his
company.
 They used Facebook and internet to lure people
describing itself as a “Premier Financial
Consultancy” company.
 They also held conferences and distributed

11. POST FRAUD DETAILS
 The couple had 94 accounts in 20 banks under 13
names.
 They had 12 properties including 8 flats in Dwarka
Delhi and one each in Bhiwadi, Alwar and
Moradabad and a villa in Goa where they used to
hide.
 They also owned 12 luxury vehicles
 They had Rs.63 crore in properties, cash, fixed
deposits, shares.

12.  The SEBI had ordered to refund Rs.1500
crore along with interest to the duped investors
on January 2013.
 The company failed to return the amount after
which SEBI had imposed a fine of Rs.1 crore
on the SGI and its seven directors.

13. CONCLUSION
 The scam perpetrated by multi level
marketing firm STOCK GURU INDIA is one
more wake up call for it exposes innumerable
holes in our system of checks and balances.
 How did they managed to get fake documents
such as PAN card driving license in different
names and open several fake accounts in
different banks and own huge properties.
 All these should have gone through elaborate
check by so called regulators.