Complaint Review: Phoenix Group Invest

PGI group contacted me about funding my telecom project. After weeks of myself and my partner providing them with documented proof of the project, I recieved an LOI and began Skype communication with their "CFO" Paul Wolf. They then sent us a contract which we executed and had notarized promissing our funds in a few short weeks with no fees. PGI then asks us to pay $50,000 for a " Capital Repayment Gaurantee" insurance policy from their contact who can get the policy much cheaper than I can in the US. The policy said it was underwritten by Goldman Sachs, so I called the Wall Street office and nobody had ever heard of the policy. I also spoke to several attorneys and insurance brokers and got the same response. When i addresed our conerns to Mr. Wolf, he then said we can buy a cheaper policy for only $20,000! I then asked to speak directly to the insurance company they use, and as soon as I recieved his contact info, I googled his name and nothing but scams popped up. They even built a website with a similar name to a real insurance broker in London. Theo Montis, Paul Wolf are running some sort of scam please avoid at all costs and do not send them money. Thank God I caught this before wiring the funds because they are smooth talkers and make it sound very plausable.