- Report: #62067
Report - Rebuttal - Arbitrate
Complaint Review: Portfolio Conversion International, Ltd.
Portfolio Conversion International, Ltd.3100 Steeles Ave, Suite 403 Concord, Ontario Canada
Portfolio Conversion International, Ltd. aka PCI aka Nedalia aka Crown Equity ripoff, fraudulent Canadian Gemstones Dealers, create phony markets and auctions Toronto Ontario
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The basic operation works as a shell game which encourages the investor to quickly trade up for more expensive stones. Typically there is a promise of an auction or some other type of big event which will allow the investor to sell the gemstones at big profits. In reality the big events are first delayed numerous times and then either never occur or are farcical. Their website highlights an auction held in Las Vegas several years ago - the auction did occur, but not a single stone was sold. The only attendees were the investors.
PCI claims to be willing to provide a guarantee and provide refunds but I recieved a series of partial refunds and all but one check bounced. This business and its related web are currently under investigation by the Royal Canadian Mounted Police. Diko himself has served jail time in the past on drug charges. British television has highlighted this operation on both sides of the Atlantic as part of a continuing BBC report. I have attached a report from the UK on PCI and associated business:
PORTFOLIO CONVERSION INTERNATIONAL (2001) LIMITED. exposeeAlso known as their website http://www.pcigems.com./ Prepared Jan 31, 2003 by THE COLONEL. Canadian Corporation number 1504342.) 1315 Finch Avenue West, Suite 401, Toronto, Ontario, Canada M3J.2J4.
This address that my lawyer visited is actually a broom closet & no longer exists. This company is registered in the name of Dikran Khatcherian. He is shown as the sole owner. He also owns half of Nedalia as above.
Corporate registry paper to activate the company is new - Jun 2002. The website designer is Rob Petnik Nedalia Sales Office Registered Corporate Office265 Rimrock Road, 3100 Steeles Ave WestSuite 204, Toronto, Suites 402 & 403, Ontario, Canada. M3J.2C6. Toronto, Ontario, Canada. L4K 3R1Phone 416-630-6424 or Fax 416-631-6512. Defrauded clients name Nedalia salesmen Dave Osborne, Steve Rosen, Steve Karr.
They also name Windsor Cairns boiler conmen such as:
Michael James & as seen on the BBC exposee Barye Kadis the salesman. Extra Nedalia staff on the websites are:
CEO Irving & son Jeff S. Dobrutsky.
Dennis D, Dunkley
& from the good old days in Spain: Simon Williams, Roni Gordon, Kurt Heinrich.
The designer of the old Spanish & current Canadian Nedalia Galleries website is shown as Denis Bernicky in Montreal ph: 514-952-7231. This ties the two scam fraud Spanish companies Windsor Cairns & Nedalia Galleries together. This website was designed and paid for by the true principles of this conmen gang.
See this in the website designer portfolio at:http://www.geekstreet.com/ You can see the old Spanish site clearly.
This report was posted on Ripoff Report on 06/27/2003 12:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/Portfolio-Conversion-International-Ltd/Concord-Ontario-L4K3R1/Portfolio-Conversion-International-Ltd-aka-PCI-aka-Nedalia-aka-Crown-Equity-ripoff-frau-62067. 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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