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: firstname.lastname@example.org
Date/Time: 2010-09-14 23:46:36 PDT
Sender IP: 22.214.171.124 [Singapore] | e8gfom1pl1t5xkca