Complaint Review: Guy Victor - Woodside New York

I've know Guy "Jay Jay" Victor since 2009. I worked for Marriott International at the time and he had a few meetings with two of my managers. He was looking for investors for his business. Over the years we kept in contact as I believed he was a good business connection to have.

Fast forward to January 2015. He contacts me on FB said he wanted to "talk business for 2015". He said I was a woman who was "about business and moving forward" and wanted to talk about a business opportunity, so I had a phone conversation with him and after hearing the opportunity and rate of return I decided to move forward with the deal. He drafted a contract and sent it to me, he kept wanting to meet up and have me sign and give him a check of on the spot. I felt uneasy and kept pushing back as I wanted to enough time to look over the contract before handing over $10,000 of my hard earned money. After reading the contract and seeing the terms (he would borrow $10,000 I would get back the principal plus a percentage by end of April, and he would guarantee it with both his company CMG Wealth Inc. and his personal money) I felt comfortable enough to transfer funds. He told me to transfer it to his best friend's account so I did. Then he kept asking to get him more investors and if I could get him anyone else or if I could give him more money he would guarantee at least a 50% return on investment. My partner put up an extra $2,000 with a 50% return as he told me he would do if I got anyone else to invest. For that second investment he drafted up a second contract and he was supposed to pay us back no later than February 28th. We kept going back forth on a specific date because we needed to receive the money no later than the 28th but on the contract he stated a grace period of 7 days after the 28th. We finally got things straightened out on the contract, we agreed on the terms and we sent him the $2,000. On February 26th I reached out to him to ask if the money would be in my account by the 28th. His reply was he would see what he could do. The morning of the 28th he wanted my account# because he had to wire it. He ended up depositing a check...March 3, I get a notification from my bank that there's a hold on the check because there weren't any funds in his account. Between the 3rd and the 12th there was barely any communication from him. He dodged all of my phone calls and only replied to a handful of my text messages. March 12th I received $1,000 of the $3,000 we were supposed to receive by February 28th. July 14th I received the last $1,000 from the $3,000...Mind you by then, I should've already had ALL invested money including the first $10,000.

In August we came up with a payment schedule that he would pay me every 4-6 weeks...It's almost Thanksgiving and I'm still waiting for the first payment. I've contacted an attorney and I was told that Guy sent me an illegal contract and I can't take him to court. So I'm hoping that if I don't get my money back at all, at least people who come in contact with him know he's not to be trusted. He's big on saying he's word is all he's got along with his reputation but as far as I'm concerned, he's a charlatan and his word means absolutely nothing.