• Report: #446868

Complaint Review: Guardian Investment Group, LLC

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  • Submitted: Mon, April 27, 2009
  • Updated: Thu, January 21, 2010

  • Reported By:Saint Peters Missouri
Guardian Investment Group, LLC
4830 Whispering Pines Way, Nationwide U.S.A.

Guardian Investment Group, LLC Investment fraud Cumming Georgia

*Author of original report: How to get in contact with other GIG victims

*Author of original report: Guardian Investment Group (Michael Guard) fraud news stories from Atlanta's WSB-TV

*Author of original report: Investment fraud: Michael Guard & Guardian Investment Group, LLC of Cumming, Georgia

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Local and National Investors in Guardian Investment Group (GIG), operating out of Cumming, Georgia, are alleging foul play and fraud. The investment company has been operated by, managing partner Michael Guard, also of Cumming, Georgia, since it's inception in 1998. Investors cry foul play as the multi-million dollar fund suddenly lost 80% of its value in the month of February 2009.

At the same time the alleged losses in February were to have occurred, Mr. Guard and his family had already fled the country. He listed his house in October 2008, sold most of the belongings and one of his former neighbors was quoted as saying, Mr. Guard's family pulled all of their money out a few months before he left. This would indicate they were well aware of what was to come. Mr. Guard has repeatedly lied, claiming in February, my house is now on the brink of foreclosure, I have lost everything I have, my house, my cars, my job, even the inheritance from my mother but as of March 2009 his 400K+ house was not in foreclosure, his family recently vacationed in Disney, and it is thought his family has his vehicles.

Despite repeated requests by multiple investors, Mr. Guard has refused to provide documentation regarding exactly how the money was invested, how many investors were in the fund and when he would be returning to the country to further clarify his management of this investment group.

It is unclear how many investors were with the fund, but several investors have lost their entire life savings. The investment group operated out of Georgia, but the effects were felt nationally with investors as far as Washington State. Guardian Investment Group (GIG) was previously described by this website: http://gigpartners.com, which has recently been shutdown.

If you feel you may be a victim or have any information about this topic, please report the matter to the following agencies:
Atlanta SEC office 404-842-7600
Georgia FBI office 404-679-9000
Georgia Security Business Regulations Office 404-656-3920
Please be prepared to provide your name, DOB, address, contact number, and the original amount defrauded by Michael Guard.

Brett
Saint Peters, Missouri
U.S.A.

This report was posted on Ripoff Report on 04/27/2009 12:40 PM and is a permanent record located here: http://www.ripoffreport.com/r/Guardian-Investment-Group-LLC/nationwide/Guardian-Investment-Group-LLC-Investment-fraud-Cumming-Georgia-446868. 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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REBUTTALS & REPLIES:
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#1 Author of original report

How to get in contact with other GIG victims

AUTHOR: bcm00re - (U.S.A.)

If you would like to get in contact with other GIG victims, then go to http://finance.groups.yahoo.com/group/gig_investors/ and request to become a member.
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#2 Author of original report

Guardian Investment Group (Michael Guard) fraud news stories from Atlanta's WSB-TV

AUTHOR: bcm00re - (U.S.A.)

Online news story link:
http://www.wsbtv.com/2investigates/19335661/detail.html

Televised news story (part 1) link:
http://www.wsbtv.com/video/19336828/index.html

Televised news story (part 2) link:
http://www.wsbtv.com/video/19341374/index.html
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#3 Author of original report

Investment fraud: Michael Guard & Guardian Investment Group, LLC of Cumming, Georgia

AUTHOR: bcm00re - (U.S.A.)

Local and National Investors in Guardian Investment Group (GIG), operating out of Cumming, Georgia, are alleging foul play and fraud. The investment company has been operated by, managing partner Michael Guard, also of Cumming, Georgia, since it's inception in 1998. Investors cry foul play as the multi-million dollar fund suddenly lost 80% of its value in the month of February 2009.

At the same time the alleged losses in February were to have occurred, Mr. Guard and his family had already fled the country.
He listed his house in October 2008, sold most of the belongings and one of his former neighbors was quoted as saying, Mr. Guard's family pulled all of their money out a few months before he left. This would indicate they were well aware of what was to come. Mr. Guard has repeatedly lied, claiming in February, my house is now on the brink of foreclosure, I have lost everything I have, my house, my cars, my job, even the inheritance from my mother but as of March 2009 his $400K+ house was not in foreclosure, his family recently vacationed in Disney, and it is thought his family has his vehicles.

Despite repeated requests by multiple investors, Mr. Guard has refused to provide documentation regarding exactly how the money was invested, how many investors were in the fund and when he would be returning to the country to further clarify his management of this investment group.

It is unclear how many investors were with the fund, but several investors have lost their entire life savings. The investment group operated out of Georgia, but the effects were felt nationally with investors as far as Washington State. Guardian Investment Group (GIG) was previously described by this website: http://gigpartners.com, which has recently been shutdown.

If you feel you may be a victim or have any information about this topic, please report the matter to the following agencies:
Atlanta SEC office 404-842-7600
Georgia FBI office 404-679-9000
Georgia Security Buisness Regulations Office 404-656-3920
Please be prepared to provide your name, DOB, address, contact number, and the original amount defrauded by Michael Guard.

Brett
Saint Peters, Missouri
U.S.A.
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