Complaint Review: Pike Consulting Inc. Pike Real Estate Mortgage And Development

We invested $60,000.00 pursuant to the execution of two promissory notes in the amounts of $50,000 and $10,000 respectively last October 17,2006 based on the promissory notes that will provide 18% after a twelve month period.

I also executed a wire transfer on May 25, 2007 in the amount of $70,478.51 (my entire IRA account) to Pike Development to replace my initial $60K due to financial reasons. Thomas Pike agreed that after receiving my IRA, Thomas will send us a check of $60k. Upon receiving the check, we attempt to deposit the check last July but the check was returned for Insufficient fund.

We were repeatedly promised that we would receive the sums but Mr. Pike failed to do so.

Pike and Pike Consulting failed to disclose to potential investors that Pike and Pike Consulting were the subject of a Pennsylvania State Securities Commission enforcement investigation in or about 2006 to 2007 for securities violations. Pike and Pike Consulting also failed to disclose to potential investors that the Pennsylvania State Securities Commission issued a Summary Order to Cease and Desist to Pike and Pike Consulting, entered on or about September 10, 2007 for the offer and sale of unregistered securities in Pennsylvania.

www.corp.ca.gov/ENF/pdf/2008/PikeConsulting-dr.pdf

We feel that we have been fraud by his actions and swindled our money. We need our initial investment of $60k including my IRA $70,478.51 back plus 18 interest.

Renan
Elk Grove, California
U.S.A.