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  • Report:  #600538

Complaint Review: The Guardian Group Fund

The Guardian Group Fund Ripped off Clients Scottsdale Arizona

  • Reported By:
    Hurt Consumer — Peoria Arizona United States of America
  • Submitted:
    Wed, May 05, 2010
  • Updated:
    Sat, May 22, 2010
  • The Guardian Group Fund
    8300 e Raintree
    Scottsdale, Arizona
    United States of America
  • Phone:
    602-507-9303
  • Category:

The GGF has turned out to be fradulent and and total ripoff for all involved.Bryan Prehoda[CFO/Owner] along with Luis Belevan[president/owner] and a multitude of other scam artist have bilked millions of dollars out of countless clients across the US[primarily AZ-Fl-NV-CA] and have returned virtually nothing in return except broken promises and lies.The purpose of the GGF was to get a principal reduction for clients based on current market value based on packaging up bulk notes and getting the banks/investors to accept somewhere in the 40-70cents per dollar range of CMV.

 That has not happened and as most are aware GGF has only completed approx 3-6 files out of a possible 2000-3000.The program called for 60-90 days to accomplish this goal and in alot of cases there are some that have been in the program for 7months or more.We have been doing everything within our power to get refunded and have not been very successful as the per usual run around and deceit with this company continues everyday[if you are lucky enough to get in touch with anyone]  

 My suggestion is we all need to ban together and file complaints with the news media channels and report this to the attorney general and federal trade commission and anyone else you can that might be helpful in this situation.The story that was featured on news channel 5 investigation last week really exposed the Guardian Group for what they really are and hopefully with continued complaints from consumers who have put up there hard earned $1595.00 for a principal reduction they never recieved this company and i use that term loosely will finally do what is right and give refunds for all the people that have been taken advantage of in this ripoff.Please help shut this company down so they cannot hurt others.

4 Updates & Rebuttals


Armando

Phoenix,
Arizona,
U.S.A.

Perhaps file here...

#5Consumer Suggestion

Sat, May 22, 2010

www.azag.gov


tonypartin

Westland,
Michigan,
United States of America

AZDFI

#5Consumer Comment

Tue, May 18, 2010

I called the AZDFI. They weren't much help. All they suggested was to download the complaint form.


Armando

Phoenix,
Arizona,
U.S.A.

Heres a crazy thought...

#5Consumer Comment

Sun, May 09, 2010

how about contacting the agency that issued the cease and desist?


tonypartin

Westland,
Michigan,
United States of America

Help me help my clients

#5REBUTTAL Owner of company

Sat, May 08, 2010

I am an affiliate in the state of Michigan.  I just learned today about the cease and desist order issued by the Arizona Dept. of Financial Institutions.  How do we go about getting a refund?  Is there a state agency, Attorney General or any other avenue that I can take to help my clients get a refund?  Tony Partin  (734)422-1973 or tonypartin@hotmail.com  any help is greatly appreciated!

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