• Report: #815828

Complaint Review: Choi Seng

  • Submitted: Fri, December 30, 2011
  • Updated: Thu, January 24, 2013

  • Reported By: Racing19 — Cameron Park California United States of America
Choi Seng
not known Nationwide United States of America

Choi Seng David Choi This is a funding fruad already on "Ripoff Report" Hong Kong, Nationwide

*Consumer Comment: Here's the proof that Gamic USA and Bountiful Financial are Lying

*Consumer Comment: Legitimate Funding Group? Really?

*Author of original report: The Scam report on Choi Seng is a Scam

*Consumer Comment: CHINESE AGENT POEM......

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The listing of Choi-Seng, David Choi as a scam is factual as I and my partners are victims of this venture capital scam.  We have been through all the meetings, paper work, etc. etc. that is mentioned in the article on "Scamfound.com".  We have been through everything listed in that article.

Our group has contributed over $70K to this scam outfit and we continue to receive emails from them with one excuse after another for not sending the funding. It has been 1 year since we started this funding procedure and they have stalled us with excuse after excuse or another day and month after month.  They now claim they are using the Under Ground Banking System in China to send our funds.  They refer to it as "UBS" and always ask for "Gift Money" to complete the deal, they say it is the Chinese Custom! 

This report was posted on Ripoff Report on 12/30/2011 10:21 AM and is a permanent record located here: http://www.ripoffreport.com/r/Choi-Seng/nationwide/Choi-Seng-David-Choi-This-is-a-funding-fruad-already-on-Ripoff-Report-Hong-Kong-Nationw-815828. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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#1 Consumer Comment

Here's the proof that Gamic USA and Bountiful Financial are Lying

AUTHOR: Anonymous - ()

Larry E. Coey of GAMIC USA and Tim Vogl of Bountiful Financial keep claiming that they're innocent bystanders in the Changlin Taiwan and Choi Seng Hong Kong upfront fee ripoff scam.  How do they explain this then... Daniel Lin and David Choi are one and the same person and he is repeatedly trotted out at business meetings as the Asian investor.  His picture can be found in other Ripoff Report postings

Let's make things very clear to everyone.  There are no Asian investors.  There are no Asian offices. There are scam addresses equipped with telephone answering machines.  

Coey and Vogl pocket the up front fees which are transferred to Asian banks.  They deflect attention by inventing endless characters who send emails promising money is either coming imminently, is caught in byzantine Asian banking regulations or, will only be sent after investors send "gifts" to make up for supposed insults or slights.

At $50,000 to $100,000 per ripoff, it's nice work if you can get it.  The number of firms that have been sucked in makes for a nice dishonest income.
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#2 Consumer Comment

Legitimate Funding Group? Really?

AUTHOR: BulldogForTheRippedOff - (USA)

Since it has been over one year since Racing19's post, I would like to hear their excuse on why not one of the projects that have been waiting have not been funded.

People - not one project which entered into a funding contract with Choi Seng has received funding. Not one!

The latest is Mr. Vogl's pleading email on why no one has been funded.  Really?

Time is proving that Choi Seng is a scam!
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#3 Author of original report

The Scam report on Choi Seng is a Scam

AUTHOR: Racing19 - (United States of America)

I am currently involved with the Choi Seng Funding Group and have complete confidence that they are a legitimate funding group.  I was suspicious at first but now am convinced that whomever is putting out the mis information on Choi Seng has ulterior motives.

I could name them but choose not to on this forum. You will hear more from me as our partnership progresses.  Be assured you will hear only the truth from this source.
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#4 Consumer Comment


AUTHOR: Karl - (USA)

is available at this website.

Just type in 670790 at this site and it appears as 'Consumer Comment #12' at Ripoff Report #670790.

Thank You

***NATIONWIDE BANK ALERT: Feel free to type in all of the following at this site and read the Ripoff Reports for valuable information if you have a bank account or a mortgage in the USA-

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