Profitable Group has been in the news lately for all the wrong reasons and there is a large and growing number of investors who believed that they have been scammed and lied to.



Togetherness is strength. If you are also a victim of profitable group, please enter your grievance in the form below.



However, Do not spam by posting more than once. Post only for yourself and ask your friends to post themself if they are also vicitmised. If you have to post for your friends as they are not net savy, please get their permission to do so.


Please be more specific in the investment you are in like Colchester(Spring Grove), Concorde Village or Boron investments instead of "land, energy" If you need to provide more details, use the additional info box. Please refrain from writing essay. Please provide at least a real email for us to contact you to group together to file a lawsuit against them
Name:
Total Investment amount
Products/Schemes invested in:
What you have been promised verbally or on paper.
Additional information
Contact number (optional)
Email Address:

Tuesday, June 29, 2010

Profitable Group victim (Thiam Soon)

Name: Thiam Soon

Total Investment amount SGD 9000 (est)

Products/Schemes invested in: Concorde Village

What you have been promised verbally or on paper. Tried to sell the land before hearing of this news. Sms the CSO and till now there are no reply. Since bought the land, there is no update. When asked about the land status at various occasions, they never give an appropriate answer.

Additional information What actions should we take now? At a lost... Should we report to CAD? or Police? or some authority? so that when some authorities do take some action, we will be protected?

Contact number (optional)

Email Address: chewthiamsoon@gmail.com


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Date/Time: 2010-06-29 06:30:49 PDT
Sender IP: 202.156.13.237 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Louis)

Name: Louis

Total Investment amount S$50,000 (est)

Products/Schemes invested in: Land - Concorde Village UK - 3 plots

What you have been promised verbally or on paper. I was introduced about this land banking stuff by an independent financial agent in 2008. I was told that this was a low to moderate risk investment as capital sum warranty will be given. Since my investment, I have not heard any updates regarding the investments from the staff in PP. Only upon hearing from the press lately that I realised that all this might be a scam. I have tried emailing PP but no news so far. There are 2 more years to go before I can exercise my warranty rights. I'm now confused what should my next course of actions as I have not officially sold the land.

Additional information

Contact number (optional)

Email Address: loiszs_1974@hotmail.com


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Date/Time: 2010-06-29 02:42:45 PDT
Sender IP: 203.125.95.194 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Thursday, June 24, 2010

Profitable Group victim (Tan Zhe Qi )

Name: Tan Zhe Qi

Total Investment amount US$10,000

Products/Schemes invested in: Boron

What you have been promised verbally or on paper. Boron contract matured on 25th May 2009, signed the form to surrender the contract to take back capital plus 12.5% return. Until now, still did not receive any payout from Profitable Group. They have delayed for more than 1 year.

Additional information Have already to Commercial Affairs.

Contact number (optional)

Email Address: zheqi1981@gmail.com


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Date/Time: 2010-06-24 22:54:42 PDT
Sender IP: 27.104.92.179 [] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Thursday, June 17, 2010

Profitable Group victim (Nick)

Name: Nick

Total Investment amount GBP ~9600

Products/Schemes invested in: Concorde Village

What you have been promised verbally or on paper. I bought 2 plots in Concorde Village through the Canadian Profitable office, received extended warranty that promises on paper guaranteed buy back and return on my money. I Sold investment in 2008 and since awaiting payments, Canadian Profitable no longer exists and was converted into Syndications Canada. Syndications Canada says they are not liable or can't help me as they are legally a a separate company from Profitable Plots

Additional information Please keep me in the e-mail and any actions you guys take. Lets fight this together.

thanks

Contact number (optional)

Email Address: n2kapoor@gmail.com


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Date/Time: 2010-06-17 12:05:02 PDT
Sender IP: 72.181.172.218 [United States] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Henry Yeoh)

Name: Henry Yeoh

Total Investment amount £75625

Products/Schemes invested in: AAA, star plot, std plots

What you have been promised verbally or on paper. 1) 12.5% on (1X)star program 2010 not paid yet
2) 12.5% (3X)AAA matured 2009 not pait till now
3) 12.5% (3X)AAA matured 2010 not pait till now


Additional information Was not around in singapore during Speakers Corner.
Hope not too late to be in your loop. Really a good way to gather and act.

Contact number (optional)

Email Address: duron852@hotmail.com


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Date/Time: 2010-06-17 08:56:59 PDT
Sender IP: 220.255.7.172 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Wednesday, June 16, 2010

Profitable Group victim (Imtiaz Lakhani)

Name: Imtiaz Lakhani

Total Investment amount 5625

Products/Schemes invested in: Concorde Village Plot (CVG)

What you have been promised verbally or on paper. The land will acquire planning permission soon and will go 4-5 times in value.

Additional information I bought this plot in April 2007. Its been almost 3 years and still nothing from their side. Infact Profitable Plots closed in Canada in Oct 2008 and have appointed a new marketing affiliate "Syndication Canada" to work on their behalf. Even though its really the same staff, SC does not really entertain PP transactions. They only entertain the new transactions that take place between Syndications and investors from 2008 onwards as part of their obligations. Next thing you know even Syndications will change their name to something else.

Contact number (optional)

Email Address: 2000taz@gmail.com


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Date/Time: 2010-06-16 15:30:20 PDT
Sender IP: 64.42.217.69 [Canada] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Tuesday, June 15, 2010

Profitable Group victim (Justin A)

Name: Justin A

Total Investment amount £52000

Products/Schemes invested in: AAA philippines land.

What you have been promised verbally or on paper. 3 event will trigger payout:
1)UK land gets planning permission(CVG).
2)Philippine site's house get buil & sold. estimated 6-9 months. Payout will be 112.5%=GBP14625.
3)12mth(event 1&2) did not happen. Payout will be 112.5% = GBP14625.

Additional information Same as you all. Upon mature, invested capital cannot get back. PG cso & csm will ask client to sign & renew for another year. Without legal docu & told me sales of philippine site was in final stage. Very soon PG will be returning me capital + 12.5% (even if it is less than 12mth term).

Contact number (optional)

Email Address: jstin26@gmail.com


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Date/Time: 2010-06-15 23:21:58 PDT
Sender IP: 220.255.7.164 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Monday, June 14, 2010

Profitable Group victim (Latisha Ahmad)

Name: Latisha Ahmad

Total Investment amount GBP 9200

Products/Schemes invested in: 2 plots of CV

What you have been promised verbally or on paper. My CSO never told me much things about the plots I bought. I have never received any returns on the CV plots I invested in.


Additional information I initially bought the plots for Spring Grove but was persuaded to take the fast track option for CV as I was told planning persmission for this site would be sooner. So, I did that and paid and additional amt of $S2ooo. No CSO called me to update me on things regarding my plots since the switch.

Contact number (optional)

Email Address: Porche26_GT@yahoo.com.sg


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Date/Time: 2010-06-14 22:04:34 PDT
Sender IP: 220.255.7.185 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Sunday, June 13, 2010

Profitable Group victim (Dennis Koh)

Name: Dennis Koh

Total Investment amount 20000 GBP(Approximate)

Products/Schemes invested in: AAA Concorde Village plot and 1 normal Concorde Village plot

What you have been promised verbally or on paper. I have been promised 12.5% returns on an annual basis. The maturity is last September but I have not received any payouts. Have tried calling my client service manager but he keep delaying my payments, claiming that they are onto something BIG in Phillipines.

Additional information As I was in and out of Singapore due to my work commitiments, I only heard from this group though the newspapers and via some links on the net today. Please do guide me what I can do to further our cause to get back all if not some of our investments. I will want to sign on a petition or participate actively whatever is required of me to achieve our common goal.Do correspond and update me via email. Thanks a lot.

Contact number (optional)

Email Address: kdennis007@hotmail.com


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Date/Time: 2010-06-13 09:44:08 PDT
Sender IP: 117.20.157.250 [Singapore] | e8gfom1pl1t5xkca
Referrer:

Thursday, June 10, 2010

Profitable Group victim (George Baizanis)

Name: George Baizanis

Total Investment amount 12626.25 USD

Products/Schemes invested in: Borron/VIP Plots still pending maturity

What you have been promised verbally or on paper. My borron expired 5th June 2010. They said they cannot pay soon due to problems and there will be delays of 9 months or more so they asked me to renew 6 more months and I refused.

Additional information I have also 1 unit in the VIP Plot of 18,888 GBP

Contact number (optional) 00352621471479

Email Address: baizanis@hotmail.com


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Date/Time: 2010-06-10 14:20:53 PDT
Sender IP: 83.222.48.34 [Luxembourg] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Wednesday, June 9, 2010

Profitable Group victim (Francis Jauw)

Name: Francis Jauw

Total Investment amount 28,000 Pounds

Products/Schemes invested in: 5 Plots Concorde Village

What you have been promised verbally or on paper. Put all 5 plots up for sale in 2008. But no news since then. Only more emails asking me to invest more.

Just waiting for the warranty to come due and hoping that they would honour the agreement before PP goes bust.

Additional information

Contact number (optional)

Email Address: intercoolian@gmail.com


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Date/Time: 2010-06-09 04:01:48 PDT
Sender IP: 125.165.119.139 [Indonesia] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/search?updated-max=2010-06-02T19%3A04%3A00-07%3A00&max-results=7

Tuesday, June 8, 2010

Profitable Group victim (Chris Leong)

Name: Chris Leong

Total Investment amount GBP20,000

Products/Schemes invested in: Concord Village - 5 plots

What you have been promised verbally or on paper. Planning permission 3 to 4 years from 2007 with strong possiblity by 2010. Up to 1000% return on investment with planning permission and at least 400% return.

Additional information We now know is all a scam. Very little has been done in getting planning permission because it is almost impossible to get planning permission as land is green belt land.
PP bought the Concord Village land for GBP3.5m and splited it into 9000 plots and sold for average of GBP5,000 per plot ie PP pocketed GBP 45m. The 1000% return they were telling investors refers to PP own returns.

Contact number (optional)

Email Address: chris.leong67@gmail.com


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Date/Time: 2010-06-08 04:44:53 PDT
Sender IP: 116.12.250.33 [Singapore] | e8gfom1pl1t5xkca
Referrer:

Monday, June 7, 2010

Profitable Group victim (Irfan Samat)

Name: Irfan Samat

Total Investment amount USD$2000

Products/Schemes invested in: Boron CLS Bond

What you have been promised verbally or on paper. A 12.5% return after 6 months. Company to payout and make good within 30 days of maturity if I choose not to rollover. It was guaranteed as they had 'pre-sold' their products, implying there should not be a cash flow problem. Also told verbally that the only risk I faced was the currency fluctuation risk between USD and SGD.

Additional information My investment matured in mid-October 2009. I should have received my principal plus returns by mid November. Have been passed from manager to CSO. Company was very unhelpful and very evasive. My last conversation with a CSO was in March and he was even rude to me, insisting that I should be understanding as investments all over the world were failing.

Contact number (optional)

Email Address: irfanbs@hotmail.com


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Date/Time: 2010-06-07 21:05:09 PDT
Sender IP: 220.255.7.206 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/search?updated-max=2010-06-02T18%3A34%3A00-07%3A00&max-results=7

Saturday, June 5, 2010

Profitable Group victim (Du Yun Hua )

Name: Du Yun Hua

Total Investment amount $60000

Products/Schemes invested in: Two AAA and 5000 USD Boron

What you have been promised verbally or on paper. For AAA ,every year at least get 12.5% interest and guaranty capital return when the one year contract expired .The land will get plan perssion within 2 or 3 years time started from 2007 ,selling price or prifit able to reach 400%.But untill now ,still no any news about planing perssion .The time sell agent also never say the land belong to 'green belt '.
For Boron ,after 6 month also unable take back capital and 12.5% profit .Ask so many time ,no answer from them and only say no money to pay back request to wait or renew contract or convert to CV .

Additional information

Contact number (optional)

Email Address: raymondlx@hotmail.com


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Date/Time: 2010-06-05 22:57:42 PDT
Sender IP: 57.77.12.23 [United States] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Paul)

Name: Paul

Total Investment amount £4063 or S$12, 189

Products/Schemes invested in: CVG

What you have been promised verbally or on paper. Resale of land takes 3 - 5 months. Can sell after 3 - 5 years and gets 3 - 4 times return.

Additional information

Contact number (optional)

Email Address: saulus@ns.sg


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Date/Time: 2010-06-05 03:37:25 PDT
Sender IP: 220.255.7.138 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Cindy Yeo)

Name: Cindy Yeo

Total Investment amount USD2000.00

Products/Schemes invested in: Boron

What you have been promised verbally or on paper. My USD2000 Boron has matured since 11 Feb 2010. No exact date has been confirmed for the payment. The last I spoke with CSO was the CSO encouraging me to extend the Boron contract for another 6 months as she said the payment will likely to be given to us in Jun 2010 when PG received a payout from a land in PH. At the end of conversation, however, CSO said she could not confirmed that Jun 2010 will be indeed the payment month. Of cause, I chose not to re-contract and is currently still awaiting for my payment, which has been delayed for 4 months to date.

Additional information

Contact number (optional) 96556632

Email Address: yeo.cindy@gmail.com


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Date/Time: 2010-06-05 00:32:16 PDT
Sender IP: 220.255.7.195 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Friday, June 4, 2010

Profitable Group victim (Mohammed Naeem)

Name: Mohammed Naeem

Total Investment amount British Pounds 5500

Products/Schemes invested in: Sible H

What you have been promised verbally or on paper. That by 2012 the prices will be more than 1000 percent, and that I will have a full permission to build the house or sell the plot

Additional information I am currently in Saudi Arabia. Blind faithly I have invested, however, the Hambrookandgreenstock have not fulfilled their promise. I bought this piece of land in 2004 and I have also the approval of queen's office, as directed by the swiss group of hambrookandgreenstock

Contact number (optional) +966504180794

Email Address: mnaeem@its.jnj.com


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Date/Time: 2010-06-04 22:44:43 PDT
Sender IP: 148.177.128.81 [Europe] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (R Asthana)

Name: R Asthana

Total Investment amount Approx. £20,000

Products/Schemes invested in: Harpenden Way, St Albans, UK

What you have been promised verbally or on paper. That the land would gain planning permission to be built upon in the near future (3 or 4 years); this was approximately 7 years ago.

Additional information My agent was a Miss Lani Russmasan, I was also told not to listen to anyone who said that there was no chance of getting planning permission in the above mentioned time frame and that the land would be approximately 4 or 5 times higher in value. I was also recommended a local solicitor who was also convincing of gaining planning permission.

Contact number (optional)

Email Address: rikesh.asthana@hotmail.co.uk


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Date/Time: 2010-06-04 11:53:19 PDT
Sender IP: 92.4.169.106 [United Kingdom] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Chang M )

Name: Chang M

Total Investment amount S$36720.00

Products/Schemes invested in: One AAA plot

What you have been promised verbally or on paper. 12.5% interest + capital return after 12 months.

Additional information

Contact number (optional)

Email Address: Chang_yum@yahoo.com.sg


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Date/Time: 2010-06-04 00:45:47 PDT
Sender IP: 202.156.10.247 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Thursday, June 3, 2010

Profitable Group victim (Christopher Au)

Name: Christopher Au

Total Investment amount S$180k

Products/Schemes invested in: US$54k Boron, 8 plots Concorde Village

What you have been promised verbally or on paper. - 12.5% per 6 months for boron. Have been waiting between 2-5 months for principle + returns.
- no performance risk as contracts were pre-sold to boron customers.


Additional information - Concorde village brochures cleverly hid the fact that site was green belt and development prospect was as good as witnessing a shooting star.
- Concorde village brochure also indicated development application has been lodged with UK authorities but no such application has been filed according to Hounslow Council.

Contact number (optional)

Email Address: cacwai@gmail.com


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Date/Time: 2010-06-03 20:16:15 PDT
Sender IP: 203.116.208.9 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Toong Cheon Kee)

Name: Toong Cheon Kee

Total Investment amount S$75K

Products/Schemes invested in: 1 plot of 'AAA' and 2 plots of Concorde Village

What you have been promised verbally or on paper. No title deeds given for 2 plots at Concorde Village since 1 Sep 2008.
Yet to receive the guaranteed return of 12.5% 'AAA' payment due on 1 Sep 2009.

Additional information PP is not delivering what has been promoted and promised in the presentation and brochures. Consistently giving excuses and making empty promises. Pushing away issues and responsibilities.

Contact number (optional)

Email Address: tsdeb1988@yahoo.com.sg


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Date/Time: 2010-06-03 07:21:38 PDT
Sender IP: 202.156.10.251 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Andy Tay)

Name: Andy Tay

Total Investment amount GBP 42000

Products/Schemes invested in: AAA (4 plots at GBP 13000 each)

What you have been promised verbally or on paper. Delayed 12.5% payment for a year. No end in sight for maturity of AAA plots, with repeated slippages of promised completion deadlines.

Additional information

Contact number (optional)

Email Address: andytaykh@yahoo.com.sg


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Date/Time: 2010-06-03 02:51:02 PDT
Sender IP: 203.116.59.28 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Wednesday, June 2, 2010

Profitable Group victim (Sugianto (Invested in Jakarta))

Name: Sugianto (Invested in Jakarta)

Total Investment amount USD3000

Products/Schemes invested in: Boron

What you have been promised verbally or on paper. - Matured on Sep 2009 and surrendered on the same month.
- Oct - Dec 2009 reasoned the compliance dept is processing the payment
- Jan 2010 promised to pay on 5 Feb 2010
- 6 Feb 2010 promised to pay by 28 Feb 2010
- Till date never delivered their promises.


Additional information

Contact number (optional)

Email Address: bd_ynt@yahoo.com


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Date/Time: 2010-06-02 20:45:13 PDT
Sender IP: 220.255.7.217 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (SYED ALJUNIED)

Name: SYED ALJUNIED

Total Investment amount GBP 5,000 (equiv. SDG17,000)

Products/Schemes invested in: 1 plot CONCORDE VILLAGE

What you have been promised verbally or on paper. AT TIME OF SALE, PP CONDUCTED SEMINAR AT ITS PREMISES WITH CHARTS AND CONSULTANT'S REPORTS PAINTING A ROSY PICTURE OF PROPERTY'S POTENTIAL, INCLUDING IMMINENT CONVERSION FROM GREEN BELT. FURTHER, RESALE OF PLOT BACK TO PP AT A PROFIT WAS ALSO MENTIONED. ALL THESE CLAIMS AND PROMISES WERE MADE VERBALLY AT THE SEMINAR.

Additional information

Contact number (optional)

Email Address: syed.aljunied@gmail.com


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Date/Time: 2010-06-02 20:20:50 PDT
Sender IP: 202.63.133.130 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Chan Boon Thye)

Name: Chan Boon Thye

Total Investment amount 10000 USD

Products/Schemes invested in: Boron

What you have been promised verbally or on paper. - 6 months investment
- 12.5% + capitial upon maturity.
- matured on 21/Oct/09

Additional information

Contact number (optional)

Email Address: wentai80@hotmail.com


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Date/Time: 2010-06-02 19:04:21 PDT
Sender IP: 110.49.0.116 [] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Mey)

Name: Mey

Total Investment amount 7000 USD

Products/Schemes invested in: Boron

What you have been promised verbally or on paper. The money with 12.5% interest will be returned once we sign the surrender form. but now its 2 months still no sign and now i have an email which says they will settle in 2 weeks!

Additional information

Contact number (optional)

Email Address: meyyappan_annamalai@hotmail.com


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Date/Time: 2010-06-02 18:34:09 PDT
Sender IP: 203.118.40.66 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/

Profitable Group victim (Uma Fraser)

Name: Uma Fraser

Total Investment amount ~56k pounds

Products/Schemes invested in: 10 lots Concorde Village

What you have been promised verbally or on paper. We have not received title deeds for 5 of the lots. Put up 5 lots for resale on 1st Dec 2008. To date nothing has been done. CSO unhelpful.

Additional information

Contact number (optional)

Email Address: angusuma@singnet.com.sg


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Date/Time: 2010-06-02 17:29:18 PDT
Sender IP: 220.255.7.216 [Singapore] | e8gfom1pl1t5xkca
Referrer: http://profitable-group-victims.blogspot.com/