Progressive Companies of America, Inc. CEO, Progressive Companies of America, INC Investment funds never returned for trade program that never closed. Charlotte, North Carolina

The exact same thing happened to me.  Mr. Gaultney was always very courteous on the phone, but he never followed through on his promises.  I invested in Jan of 09 and I haven't been paid anything.  He stopped returning my calls about a year ago.

All you out there stating that Monroe is an honest man/gentleman - HOW MUCH $$ does he owe you?

Until you try to get money due you from Monroe - don't accuse those of us trying to collect - to stop! Monroe has broght this all on to himself.

A person with scrupulous professional integrity - would pay his debts.

Monroe owes me money.  For the past year his "promises" have all been empty.  In July of 2009 after his trip to Hong Kong where he was "closing a LARGE" deal - that never happened - I was told/promised that by the end of August he would have funds to cover 3 checks what were returned for insufficant funds. He issued a promissory note for August 30, 2009 for the amount owed, plus > 1.5% interest, which is 18% interest.  On 31 August he indicated that he was closing on a "deal" - and I would receive payment - apparently that deal did not close.  For the next 4 month - the same story - "I would receive payment" once he closed a deal.  GUESS he nevered closed a deal.  He is known for not returning calls, leading clients on and trying to "Get Peter to Pay Paul".  After having called/email him for the past 8 months - Ghost Monroe will not response to any of my calls or emails.

If I had the money - I would take him to court - but not all of us are living the life as Monroe - we pay our obligations - that is what a honest person with professional integrity does.

Guess his CIS is not worth the paper it can be printed on. 

Does Ponzi ring a bell? 

If you check his company webpage there are only two employees listed. Monroe & Dmitri.   Where are the other 23 employees.  In the past year his "location address" has changed and I doubt if Monroe or Dmitri are at that location.  As far as being an "Honest Gentleman" - Yes he does come across that way - but I also have been "TAKEN" by this Gentleman.  He owes me $$ for work done for him.  When ever I inquire about the status of my payment the answer is always the same.  "Once I close a deal you will get your money" - It has been a year, apparently he has not CLOSED a deal yet!  During the 6 months I was involved with PCA - NOT ONE DEAL CLOSED!

Persons considering investing with PCA - really need to personally check the "current projects" to see if they are true. What is owned me is small peanuts compared to what is owned to others - but if he can't make payment to me - I don't see why anyone would consider investing with PCA. 

Dear investor,

I don't know what happened in your situation, but I do know that Dr. Gaultney is among the most honest and persistent men I know.  Whatever he told you he will do, he will do it. He always has and always will. He is like a bulldog that will not let go until he fulfills ever promise, commitment, and objective. If he missed a deadline, please remember that we are in a very devastating financial crises that has practically destroyed our economy. 
I've known him for a long time.  He always under promises and over delivers.   Be patient. and you will be a very happy and rich man.

Dear Investors,

I've been doing business with Dr. Monroe Gaultney for many years and whoever is writing these bad comments should stop now. I KNOW FOR A FACT that Dr. Monroe is 100% honest gentleman, and I have always admired his scrupulous professional integrity.

I know DR. Monroe Gaultney for years and he is the most trusted and honest man you can ever meet.

It's interesting that it is very difficult to find anything substantial on this company, only that it generated about $7.5 million in revenues and has 25 employees.

What is the reason Gaultney is giving you that he cannot honor the terms of your investment.  Have you considered reporting this guy to the local better Business Bureau or just hiring a lawyer to do an investigation of his company.  It might be worthwhile and less expensive in the long run.

Zumen

The above post should be disregarded.  Mr. Monroe Gaultney/Progressive Companies of America, Inc. and I are working on a solution to resolve this issue and return my investment in full.  I will again update this post once funds are returned.