• Report: #780285

Complaint Review: Changlin Group Choi Seng Group

  • Submitted: Fri, September 23, 2011
  • Updated: Sun, November 25, 2012

  • Reported By: Anonymous — Minneapolis Minnesota United States of America
Changlin Group Choi Seng Group
Nationwide United States of America

Changlin Group Choi Seng Group Daniel Lin, David Choi, Larry E. Coey, Laurent E. Coey, GAMIC, gamicusa.com, Tim Vogl, Bountiful Financial Upfront fees are sent to a non-existent due dilligence company by a fake venture capital firm Taichung, Nationwide

*General Comment: Tim Vogl appears to have started a new business

*Consumer Comment: The Facts, Just the Facts.....

*Author of original report: It doesn't add up

*Consumer Comment: GAMICUSA and Coey's

*REBUTTAL Owner of company: Don't Believe the Slander!!!

*Author of original report: Don't believe this reply from Panama

*Consumer Comment: our experience

*General Comment: Scam All the Way!!!

*Consumer Comment: All True! Be very Careful!!!

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Be warned that Changlin Group, Daniel Lin, Choi Seng, David Choi are front names for a venture capital fraud currently underway.  Hundreds of thousands of dollars has been lost. 
If you think you have been victimized, contact the writer for the email address to report your case and to be put in touch with the authorities who are investigating this case.

This report was posted on Ripoff Report on 09/23/2011 06:22 AM and is a permanent record located here: http://www.ripoffreport.com/r/Changlin-Group-Choi-Seng-Group/nationwide/Changlin-Group-Choi-Seng-Group-Daniel-Lin-David-Choi-Larry-E-Coey-Laurent-E-Coey-GAM-780285. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 General Comment

Tim Vogl appears to have started a new business

AUTHOR: Anonymous - ()

I am concerned about the things I read regarding Timothy Vogl's involvement in what appears to be dishonest business dealings. It pains me to think of the companies, and ultimately the communities and families, that were scammed out of a great deal of money.

I recently discovered that Mr. Vogl has started a new company, under very suspect circumstances, and with two partners that don't seem to exist. I am hoping someone has had some experience with this company, and can shed some light on what exactly it is.


Thank you for your time and consideration.



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#2 Consumer Comment

The Facts, Just the Facts.....

AUTHOR: BulldogForTheRippedOff - (United States of America)

I can only comments on Choi Seng and Tin Vogl.

Choi Seng and Tim Vogl will feel the scales of justice in due time.  As I write the article; Attorneys, District Attorneys and Law Enforcement are quietly gathering all the information.

Let's start with Timothy Vogl.  A self described business man as per his website with an outdated photo.  http://bountifulfinancialinc.com/index.html

Right from the start, he claims he has all these business dealings and leads you down a road believing he is a master of brokering deals.  The reality is that he has only worked for Charles Schwab & Co. since 1997 and no other brokerage firm.  I urge you to cross check it with FINRA (Financial Industry Regulatory Industry) http://www.finra.org/ which receives its information from Central Registration Depository (CRD).

He introduces David Choi ( probably an alias ) to cattle call unsuspecting project owners in a central location over a 2-3 day investment meeting.  All the while he is feeding you positive information leading you to believe your project will be funded.  He states he has performed his due diligence on Choi Seng and they have a successful track record of funding projects.  He has not and they do not.

They reality is that Choi Seng preys on novice project owners requesting up front fees in the disguise of shared expenses for due diligence.  Then a contract is signed which contains a funding date which is not met.  Then begins the very long trail of emails which multiple excuses.  The email vip extension is a encrypted third party Canadian email company that does not disclose its clients (in case anyone tried to find them).

Here's the bottom line facts which cannot be disputed by Timothy J. Vogl.

1. He cannot provide proof of funds from Choi Seng.
2. He cannot provide proof of previously funded companies by Choi Seng.
3. He cannot provide a paper trail of his due diligence on Choi Seng.
4. Over the 30+ companies to be funded by Choi Seng, not one has funded.

I cannot accuse Timothy Vogl of being in partnership with Choi Seng but I can state that he has created a series of multiple problems for over 30 companies that he has guided to Choi Seng and have yet to receive one dollar of investment funds or a return of their upfront fees.

In closing, I urge those reading this not to due any business with Timothy Vogl.  As for Choi Seng and David Choi, you should stay far away because they have not and cannot fund any projects.

Only time will complete this posting as the legal authorities continue their investigations.
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#3 Author of original report

It doesn't add up

AUTHOR: Anonymous - (United States of America)

If Bountiful Financial and GAMIC USA are victims of this ripoff are victims and not perpetrators in this ripoff, let's see them provide answers to any of these questions:  Why did they never visit either Choiseng or Changlin's offices if they were doing hundreds of millions of dollars worth of business with them?  Why did no one ever answer the phones at either office?  Why was there only a recorded message at all times?  Why did neither company have a website?  Why were they never listed in the Chamber of Commerce or Government companies directory?  Why, after dozens of companies never received a thin dime in transfers from Choiseng and Changlin, did Vogl and Coey keep bringing company after company to meet with "David Choi" and "Daniel Lin" (one and the same person) at the same hotel in San Francisco? 

The fact is that Vogl and Coey aren't naive.  They won't answers these questions because they can't.  They are posting anonymous rebuttals, from fictitious companies that never got money money from the fake shell overseas companies, but who just happen think that Vogl and Coey are swell guys and unfortunate victims in this long running scam.

Please spare us the fake rebuttals.  No one is buying. 

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#4 Consumer Comment

GAMICUSA and Coey's

AUTHOR: Ken - (United States of America)

Our company presented two opportunities to the Changlin Group under the same format that has been expressed in the previous reports here.  GAMIC, USA facilitated that meeting and opportunity for us.  Although, after going through the process, I am unclear if the actual scenario is a scam or not and have certainly speculated it has been more ineptness than some diabolical plot.  In the end, we were certainly disappointed in the outcome, but realize that in business, this is often the case.  I do find the attacks on the Coey's and GAMIC, USA to be odd.  At no time, before or after, the negative realization did we feel like they were involved with Changlin.  If anything, they seem to be as surprised or more.  I am sure their disappointment and reputation concerns with clients and friends has been enough.  These unfounded claims of complicit involvement are just petty.  If Changlin has done wrong, let's direct the ire at them and not at a group that fell prey to the same words of opportunity we all did. 
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#5 REBUTTAL Owner of company

Don't Believe the Slander!!!

AUTHOR: DrDental - (United States of America)

This kind of thing is so typical nowadays when someone in business is scorned, when their business proposals are turned down.  They take to the internet and file scam complaints in an effort to slander a company. We have been dealing professionally with Laurent (Larry) and Tim Coey and GAMIC LLC for several years, and know them on a personal and social
level as well. In their dealings with us they have been nothing but professional. Their integrity and honesty are above reproach.

   If there is a scam involved, it is a Chinese scam, which is an unfortunate reality in the world today. If anything, perhaps the Coey's are victims.  The REAL scam involves those perpetuating the complaints against the Coey's.  Real shame it is so easy today to write anything on the internet and sway public opinion.  Let's see concrete EVIDENCE that the Coey's are in any way involved in anything not above board.  The real investigation should be on those slinging the mud.  I would love to see the FBI investigate the company doing the slandering. If you have no evidence, then cease and desist. 
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#6 Author of original report

Don't believe this reply from Panama

AUTHOR: Anonymous - (United States of America)

You're right, you don't know whether this was a scam. 

If you weren't ripped off by GAMIC and Bountiful, as many were, how can you weigh in on this scam?  There are other scam reports about Coey online dating back a number of years.  Talk to the many who've lost hundreds of thousands of

It's curious that the Coeys wanted to incorporate their scam offshore investment companies in Panama.  Funny that this email originates in Panama as well.  Such a transparent financial center!
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#7 Consumer Comment

our experience

AUTHOR: Carlos - (Panama)

We had a project that we asked the Coey's and Gamic LLC to submit to Changlin for funding on our behalf. Although we did not ultimately go down this funding path, we have engaged Gamic for some additional professional services of which we are perfectly happy.

This Changlin venture capital funding may be a scam - we don't know. But if it is a scam, based on our experience, it is our belief that the Coey's are victims as well, not perpetrators.
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#8 General Comment

Scam All the Way!!!

AUTHOR: John Hames - (United States of America)

My friend got caught up in this company thanks to CROSSFIRE MARKETING GROUP's brillant recommendation of this Changlin Scam Group. It's amazing what information is out there on all these deals. It's only a matter of time before ALL Players names are reported. Word has it the FBI is already looking into this. The funny this is not a single thing form this report is false. Line for line it's true.

I may not be able to leave numbers or emails but look me up anytime and I will tell you the truth. John Hames.

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#9 Consumer Comment

All True! Be very Careful!!!

AUTHOR: John Hames - (United States of America)

I overheard from a very reliable source that a  few companies got hit hard! To keep my friend's name out of this, Crossfire Marketing Group lost thousands of dollars for several Carlsbad companies getting them involved in this Scam. Not sure the company names hit hard but he called it T1 or something like that. However, the ENTIRE scam was organized EXACTLY as this individual claimed. To the last detail. Beware!!!
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