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
Total Investment amount
Products/Schemes invested in:
What you have been promised verbally or on paper.
Additional information
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Tuesday, September 14, 2010

Profitable Group victim (Mahendra Kumar)

Name: Mahendra Kumar

Total Investment amount S$177,000

Products/Schemes invested in: 1 Lot AAA(Bonifacio), 1 Plot CVG(Concorde), 7 Units Boron

What you have been promised verbally or on paper. For AAA(Bonifacio), 12.5% after 1st year and 50% to 100% after 6 months.
For CVG(Concorde), 12.5% per year and 350% after Planning Permission.
For Boron, 12.5% every 6 months

Additional information I started Investments with PP in Dec 2006. Initially for the first 2 years I was paid according to agreements.
My first investment in 2 Plots of CVG(Concorde)were sold after 1 and half years for a profit of $7,414.
My second investment in AAA(Guadelope) yielded a 100% profit ($11,046), as promised, in 10 months.
After this, for further Investments, I did not get my Returns as promised.
For AAA(Bonifacio), I did receive 12.5% after 1st year. However, since then there have been no more payments.
For CVG(Concorde-1 Lot), I have not received anything as promised.
For the first 2 Units of Boron, I reeived 12.5% after 6 months, as promised. That was in Jul 2009. However, since then, there have been no more payments, even for the other 5 Units.
Over the last 1 and half years , as PP could not pay, I was advised by my CSO to roll my dividends: 1) to increase my capital and 2) to purchase a new CVG(Concorde). I agreed to both of these actions but now even that is lost.
I hope CAD completes its investigations soon so that PP can resume their business and start paying their clients again.

Contact number (optional) 90117510

Email Address:

Date/Time: 2010-09-14 23:46:36 PDT
Sender IP: [Singapore] | e8gfom1pl1t5xkca

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