• Report: #978015

Complaint Review: gpd investments llc

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  • Submitted: Tue, December 04, 2012
  • Updated: Mon, February 25, 2013

  • Reported By: amanda — stevenage Nationwide United Kingdom
gpd investments llc
EMPIRE HEIGHTS /DUBAI/BUISNESS BAY/ESSEX UK Nationwide United States of America

gpd investments llc lee wiggins/gpdinvestments/dubai/international city /stuart wigginsRetail 9 Ground Floor lee charles wiggins /living the high life in dubai with his mansion in essex after refusing to give hundreds of investors money back /crooks dont ever buy of them DUBAI/UK, Nationwide

*Consumer Comment: Lee Wiggins slippery robbing b*****d

*Author of original report: ALL SMOKE AND MIRRORS

*General Comment: Lee wriggler wiggins

*REBUTTAL Individual responds: False fraud claim

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dear all that are reading this BE WARNED LEE WIGGINS do not trust this person or anyone associated with this company

we paid 18000 for deposit and promised apartments with garenteed rentals ,fully furnished apartments and our money safe in an escrow account in international city dubai

WHAT DID WE GET A FEW GRAINS OF SAND IN THE DESERT 

OUR MONEY STOLEN FROM ESCROW ACCOUNT 
BACKTRACKED ON FURNISHED APARTMENTS 
BACKTRACKED ON RENTAL AGREEMENTS 
IGNORING PHONE AND EMAILS AND LETTERS 
NO APARTMENTS 

WHAT DID LEE WIGGINS GET 
MILLIONS OF POUNDS OF INVESTORS MONEY 
SPONSER'S HORSE RACING 
BUILT EMPIRE HEIGHTS PROBABLY ON OUR MONEY 
AND A NICE HOUSE IN ESSEX UK 

DUBAI NEEDS TO DEAL WITH THIS MAN  AND PUT HIM IN PRISON ,YOU GET PUT IN PRISON FOR KISSING IN DUBAI BUT A MAN LIKE THIS CAN RIP OFF ALL INVESTORS AND SWAN AROUND LIVING IT UP IN DUBAI 
DUBAI IF YOU ARE READING THIS ,NO ONE WILL HAVE FAITH IN DUBAI WHEN YOU ALLOW THIS TO HAPPEN  

DONT GIVE GPD /LEE WIGGINS/STUART WIGGINS /CURRENT DEVELOPMENT EMPIRE HEIGHTS  ANY OF YOUR MONEY ,THEY CANCEL THEIR OWN PROJECTS AND DONT HONOR THEIR OWN CONTRACTS 
              FROM ONE OF YOUR VERY PISSED OFF INVESTOR WHO WILL NOT GO AWAY UNTILL I GET MY MONEY
                          BE WARNED WE WILL HAAAVE OUR DAY IN COURT AND I HOPE YOU GET THROWN IN PRISON FOR WHAT YOU HAVE DONE TO MANY INVESTORS  AND YES LEE I HAVE PUT THIS OUT TO THE WIDER GROUP      

Retail 9 Ground Floor
Empire Heights
Business Bay
PO Box 299339
Dubai UAE
 

This report was posted on Ripoff Report on 12/04/2012 03:53 PM and is a permanent record located here: http://www.ripoffreport.com/r/gpd-investments-llc/nationwide/gpd-investments-llc-lee-wigginsgpdinvestmentsdubaiinternational-city-stuart-wigginsRet-978015. 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:
1Author 2Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Lee Wiggins slippery robbing b*****d

AUTHOR: I C U - (United Kingdom)

Lee

i just read your rebutal and its the biggest load of bulls**** i have heard.

 you try to justify the unjustifiable ,defend the indefensible   and deny the undeniable  your nothing more than a common crook whos stole millions from his investors, you have sacrificed all your  morals and principles (if you ever had any to begin with ) at the alter of greed !

who would trust you now ? you dont even honour your side of the  contract 
 
you cannot be trusted full stop !  i am a great believer in Karma !

             

     

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#2 Author of original report

ALL SMOKE AND MIRRORS

AUTHOR: amanda - (United Kingdom)

Lee
 
To answer your claims and correct some further mistruths I would like to say the following.
 
Above everything sits the contract. Contracts underpin all business transactions and generally contractual clauses are very carefully thought out because the signatories to the contract expect to be bound by them. They are enforced by a number of means including the laws of the country in which the work is executed.
 
If contractual clauses are breached then invariably the disadvantaged partner will seek remedy under the terms of the contract for this breach. It seems very reasonable since both parties were willing to sign to this solution at the outset.
 
Now you are telling us as a very experienced businessman that on this occasion due partly to the fact that the background situation changed then you do not see it necessary to honour the agreements you signed up to under the contract. If you had breached the contract with a business with legal resources then for certain they would take a civil legal action against you with definite consequences. It appears that in this case as it is small investors that you have taken money from then you will ignore your contractual duty and obligation to them. The expectation of these investors who signed the contract and paid their money exactly in line with the contract was that you would honour that promise you made and ensure that their deposits would be refunded in the event of failure to construct the apartments regardless of the background environment. That is what you promised the investors under the contract.
 
When you failed to deliver the apartments you explained your point of view to investors and went on to suggest alternative methods to the refund of the deposit to solve the problem. I would say that investors were open and flexible to this idea and waited for you to put proposals together.
 
You claim in item 4 of your response of Friday 15th Feb, 2013 that GPD offered alternative units in other locations with full credit for any deposits. This is an absolute misrepresentation of the truth. These units may have been offered with some discount from the market price but none of the deposit was credited to the purchase. I learned that fact from the agent you used to represent the alternative deal. It was also obvious from the price you were asking for these units. I believe that your claim that many clients took this option to be a further and callous misrepresentation of the truth. Many investors in IC were in touch with one another and there is no knowledge of anyone taking up these offers. The feeling was generally that the offers were a cynical spin and insulting to the investors. If you have any real evidence to support your claims then I suggest you present this evidence.
 
The same applies to your alternative scheme to invest in Empire Heights. No credit was given for the deposit in this scheme and there is no knowledge or feedback from any investors who were attracted by it. Indeed upon analysis it appeared to be another cynical attempt to take fresh money from the investors without giving credit for the deposits.
 
So without any realistic alternatives it must be no surprise that investors wish to pursue their contractual right to have their deposits returned.
 
You claim to have no resources to repay the deposits yet it appears as though you are planning to novate the contracts (or have already partially done so) without informing the investors. There is some value in the land with planning permission so why do you not discuss the option of selling the land as the investors have a right to the proceeds? Investors are unlikely to accept the type of deal you have previously offered to build and you have no right to unilaterally change the payment terms under the contract. You have categorically failed to build and deliver the apartments in anything close to the agreed timescale. Confidence in further investment with GPD has been undermined by your continued misrepresentations and scams disguised as alternatives offers.
 
Please inform investors of the details of the party to which you have or are planning to transfer the contract. The existing investors have the same rights under the contract if it is transferred so they need to discuss this with any fresh investors that you mention.
 
You continually talk as though you are still going ahead with development, lee you know as well as I do you yourself have cancelled your own projects so again why are you misleading investors
 
Sell the land; sell your house do whatever you have to return investors money and come up with a sensible deal for anyone that trusts you enough to want to deal with you
 
Amanda
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#3 General Comment

Lee wriggler wiggins

AUTHOR: Arnold - (USA)

lee 

   A contract is a contract and under that contract all investors are now entitled to a full refund !  but you continue to ignore this fundemental fact 

we dont want your pathetic excuses  which only really go to show you were never fit to run a company in the first place!  you can only gain any credibility back now  by honouring your legal obligations under the contract and refunding all monies to all investors ,that money does not belong to you ! 

you didnt even pay the 0.5 percent penalty payments which were also part of your contract !

what Amanda has put is my full understanding of the situation but you just continue with your lies and  lame excuses for your mismanagement and incompetence    

do the right thing and give back the money you have stolen !

anyone reading this do not ever part with your money to any company involving Lee Charles Wiggins or stuart Wiggins 

  The contract  you will enter into with him, as demonstrated by Lee refusing to honour his legal obligations under it, mean its not worth the paper its written on !

i see more disatisfied customers of Wrigglers here :-

https://www.ripoffreport.com/Search/gpd.aspx





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#4 REBUTTAL Individual responds

False fraud claim

AUTHOR: Lee - (United Kingdom)

I would like the opportunity to reply to your unfounded allegations regarding your 18,000 investment in International City Dubai. GPDs position is as follows: 1. In March 2007 you purchased a one bedroom apartment in Park Lane for 60,000. The agent was paid a 2000 arrangement fee by yourself. The agent was due a further 3000.00 arrangement fee that meant that to date GPD has received 13,000.00 from you in respect of the property. 2. The plots were received from the master developer in the middle of 2008 and GPD agreed a construction contract with a contractor to build all six plots. For reasons not within GPDs control (namely the global recession) the Dubai Government refused to licence the Contractor. Subsequently the events of 2009 in Dubai meant that the property market collapsed and GPD was unable to secure funding to cover the construction of its projects (including the apartments at Park Lane). 3. Since this time, GPD has been engaging with all of its clients in order to ensure the delivery of the outstanding plots. One of the options available to GPDs clients is a payment plan whereby they pay in small instalments over the period of contstruction in order to fund the build. The payment plan is agreed with RERA and would use a RERA compliant escrow account. In March 2007 the laws in Dubai were different and there was no requirement to use escrow accounts for property sales. We have since offered you and all our clients this payment plan supported by RERA with a 20% discount on purchase price. 4. GPD has also entered into an agreement with another developer who has purchased a number of units at heavily discounted prices in the other better developed locations in Dubai with full credit for any deposits paid by GPDs clients. This was very positive and many clients took this option. GPD has also set up a fraction ownership scheme for office space in our flagship development Emipire Heights which some of GPDs clients have entered into. 4. GPD still has an office and presence in Dubai today and it is committed to delivering the remaining properties in accordance with the approved RERA payment plan. Your claims of fraud against us are incorrect. The market has changed due to the economic downturn which seriously affected Dubai. Many developments have been cancelled with clients loosing all there funds. GPD delivered two towers. GPD has tried to resolve problems with International City clients but it is quite obvious some only want their deposit returned and have no commitment to purchase property in Dubai. For these few we cannot see any resolution as all funds have been invested into the projects which are fully audited. GPD cannot be held responsible for the economic downturn.
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