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
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Friday, June 4, 2010

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.

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Date/Time: 2010-06-04 11:53:19 PDT
Sender IP: [United Kingdom] | e8gfom1pl1t5xkca

1 comment:

  1. Rikesh sorry for your loss.

    Can you say what company it was ? I dont think Profitable Group were selling land in Harpenden St Albans. Profitable Group have 4 sites in the UK none with any prospects for planning

    Cherry Tree Grove, Colchester Essex
    Spring Grove, Colchester Essex
    Concorde Village, Hounslow, London
    Nafferton , East Riding, Yorkshire

    I suspect it was a company called Property Spy
    selling Harpenden. They are gone as well.

    You can probably see a pattern with these Land Banking companies. They operate in the UK for a few years, get shut down then move to Singapore or Dubai with their profits and operate until they get shut down again or they just retire with the money..