ED Magedson – Founder
Prosperity Group International PGI SCAM24 Tullamarie Dr, Robina QLD 4226 Internet Australia
Illegally run scam group Prosperity Group International have taken millions off Australians. PGI fraudsters sell a product they don't even own and claim to have "worldwide rights". HA! PGI SCAM PGI Prosperity Group International Robin Panozzo Tony Rotondo Bundall QLD Scam, Gold Coast, QLD
Let's have a little look at PGI and their claims about Index Trading / Index Trader software... Automated trading Yes, apparently this company can make returns of 70%, unlike any other business in Australia! What's that you say Year on Year? Nope - Month on Month! Tax Free Returns -Because you're betting on markets you don't have to pay tax!
Guess what else? PGI don't have to have a AFSL so there's no oversight or compliance! Actually considering the 30% margin on your profits plus the $40 a month service fee, maybe you'd want them to be taxed so you could at least claim expenses.
COMET grant By now you've heard how the Commercialising Emerging Technologies (COMET) has thrust legitimacy on this product. But this grant was given to "Insider News Pty Ltd" a company based in SA, who don't mention PGI the Queensland company who apparently have "secured worldwide distribution rights". But wait there's more! Looking at Insider News Pty Ltd's registrant contact email address you see email@example.com. When I search this name I get a couple of results, but I'm betting (pun intended) this isn't the dentist, but rather the Tony Rotondo whose use of copryright infringing horse racing software BettorData landed him with a $760,000 fine. Tony's partner in the BettorData fiasco is Dominic Dibiani who was convicted for a Mobile phone spamming and betting scam. This raises questions about why the government is funding dodgy business practices, but luckily my previous worries about Insider and PGI being unconnected was allayed: guess where Tony lives? The Gold Coast.
This report was posted on Ripoff Report on 10/02/2010 01:18 AM and is a permanent record located here: http://www.ripoffreport.com/reports/prosperity-group-international-pgi-scam/internet/financial-servicesprosperity-group-intprosperity-group-international-9f726htm-646798. 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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