• Report: #942304
Complaint Review:

Peter Conti & Jerry Norton Financial Group

  • Submitted: Mon, September 17, 2012
  • Updated: Mon, September 17, 2012

  • Reported By: Ellen — Plainfield Illinois United States of America
Peter Conti & Jerry Norton Financial Group
Orion, Michigan Internet United States of America

Peter Conti & Jerry Norton Financial Group MFG Capital Group LLC classic scam , Internet

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I joined MFG Capital Group LLC or well known as Peter Conti and Jerry Norton Financial Group as stated on my toll-free number when you call that number. I joined in February 2012, and was given 10 days to decide whether I want to become their member or not. For me 10 days was not enough to do research but they were believable and said I can really make $10,000 each month. They have the home back flip, wholesale and fix/flip houses. I chose wholesale/fix/flip as trying on back flip was very difficult for me. 

At the beginning I contracted about three (3) good realtors in my areas and slowly moving in different areas. I was successful in making one deal with lender and gotten the price of 65% off market. I almost lost my earnest money too. I tried to submit the deal online on their website and this is where the problem started. I could get the criteria they were asking for, five (5) comps and within .5 miles and within 90 days. I tried so many many areas and MFG tells me just try and that they have work with many people and closed deals in Chicago area. I was frustrated, angry and felt scammed. I then contacted local appraisers and outstanding realtors in my areas to prove myself, and still failed. I contacted a real estate attorney who maybe familiar with this type of deals, and as a broker himself, he advised me, this type of deals is called: classic scam, where they lure people to become members, yet very few people can qualify and they make tons of money from the membership you gave them.  I was furious at that time. I contacted MFG and talked to someone named "Kevin" from business office or "Tamera" through email. No reply from "TAmera" but got returned call from "Kevin" and honestly told him that am filing a complaint with the Michigan States Attorney General. I have not done yt because of my injury but I will definitely do this week. I asked for my money back refund in exchange for not reporting them, you know what they did:??? they cut me off on their membership site, so I can no longer get on to their site, so the more I should report and make a complaint file with the Michigan States Atorney General. They may have more than 500 members now and please do your homework before you loose your $1000 membership and earned 0 dollar. 

Oh by the way they told me to file a complaint with the Better Busness Bureau, I dont know why they said that, maybe I thought they hae good reputation, so I will do both complaints, Better Business Bureau and Michigan States Attorney General.

This report was posted on Ripoff Report on 09/17/2012 08:50 AM and is a permanent record located here: http://www.ripoffreport.com/reports/peter-conti-jerry-norton-financial-group/internet/peter-conti-jerry-norton-financial-group-mfg-capital-group-llc-classic-scam-internet-942304. 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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