Complaint Review: Slavi Kozhuharov - The Summit Group

My father cashed in his retirement and invested $126,000.00 in what was supposed to be an overseas CD in February 2001. As stated in the Business Agreement, he was to receive a monthly proceed of 2% to 7% per month based on the profits generated on his investment and quarterly account statements. He has never received any money from this investment, and the last statement he received was for the quarter ending October 2001.

This was supposed to be a one year investment. My father has made repeated pleas for over a year now for his money to be returned, however Mr. Kozhuharov has not done so. At this point, we can't even reach Mr. Kozhuharov who works from his home and a cell phone.

We filed a complaint with the United States SEC, but they were unable to help because Mr. Kozhuharov is not a registered securities broker. We currently have a complaint filed with the Bahamas SEC, because that is the address shown on the Business Agreement for The Summit Group, Inc. It has been almost two months now, and we still haven't heard anything from them.

Leda
Arlington, Tennessee
U.S.A.