PGH-Canada
Fraud

This group poses as an investment bank and financier for real estate, film and other projects. They claim to have huge projects and can self-finance. They execute term sheets, funding agreements and operational agreements with fees payable prior to funding. Usually the fees are termed "legal fees" and other cash advances are "equity contributions" toward the development of new holding companies which will be used to facilitate the funding transactions for the projects. Everything is fine until the legal fees and other advances are made, then no due diligence is done and no funding ever gets concluded. They are not registered as investment bankers, mortgage lenders or have licenses to be underwriters or so on. They also operate other companies such as Paramito Global Holdings, Paramito Asset Management and now Secured Lending LLC.

Company: PGH-Canada
Country: Canada
Province: Ontario
City: Mississauga

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