- Report: #633252
Complaint Review: VSM Investments Inc. - Internet Ontario
Reported By:
VanGuy -
Vancouver, British Columbia, Canada
Submitted:
Updated:
-
Author Not Confirmed
Why?
VSM Investments Inc.
First Canadian Place 100 King Street West, Suite 3 Internet, Ontario, United States of America
Phone:
866-604-8764
Web:
www.vsminvest.ca
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
VSM Investments Inc. Virata Gamany Sold fund for $10,000 and then closed the fund and has not provided the refund after many months Internet, Ontario
In Aug 2009, Virata and Henry sold me $10,000 in a Distressed property fund through VSM investments vsminvest.ca which was supposedly secured against real estate in Alberta. The terms were a 6% payout paid monthly with yearly appreciaition and dividend. In March 2010 Virata told us the fund was closing down and they would offer a credcit within 3 months by June 30th 2010. After missing that deadline he told me that the funds would be provided by August 2nd 2010. After missing that deadline he now says it will be September 30th 2010. However, it's scary to see that the website is not online right now and he is missing. If anyone has any details on the whereabouts of this person or any management at VSM investments please contact us as we would like to file a criminal and civil case of fraud against these individuals and the firm.
I know of other inidividuals that are in a similar predicament and we would like to ensure that they are prosecuted to the full extent of the law.
I know of other inidividuals that are in a similar predicament and we would like to ensure that they are prosecuted to the full extent of the law.
2 Updates & Rebuttals
Amith
New Westminster,British Columbia,
Canada
Update 2
#2Author of original report
Thu, March 08, 2012
I am updating this post as my investment has been returned. I understand that it too much longer to return funds due to compliance delays. I appreciate the company's assistance and acknowledge that they have always been in communication on this matter. My regrets on postings this. Unfortunately I can't remove it."
Amith
New Westminster,British Columbia,
Canada
Resolved
#3Author of original report
Tue, September 14, 2010
The principal amount was cleared and I would like to retract the comment.
