Comments on: Pinnacle Development Partners LLC - Ponzi

By: Luc Sylvain

Luc Sylvain — Tue, 23 Jan 2007 06:42:52 +0000

Yes I have the impression is referring to Pinnacle Holdings but I may be wrong!

And I wonder if Scambuster is “Honalulu” on MMG?

By: Jude

Jude — Mon, 22 Jan 2007 07:13:42 +0000

Hey Scambuster, which one are you referring to? Pinnacle Holdings?

By: Scambuster

Scambuster — Sun, 21 Jan 2007 22:10:37 +0000

I just checked the domain name. It’s hosted out of Singapore and was created on the 14th of Dec. 2006 with an expiry date one year after the creation date. I smell a SCAM!! The creation date is not long after Pinnacle shut down. Also it appears that the people running this new site aren’t in it for the long haul as most people in legitimate businesses register their domain names for at least a few years. Run- don’t walk from this ‘opportunity’.

By: Jude

Jude — Sat, 13 Jan 2007 10:36:28 +0000

Might be the case that the money is probably channeled to Pinnacle, he might have to wind up since the payments in Pinnacle stall.

That’s only a guess though.

By: Luc Sylvain

Luc Sylvain — Sat, 13 Jan 2007 06:25:49 +0000

I remember having joined a hyip called: “Pinnacle Holdings” a long time ago. This hyip turned to scam after abt 6 months. I wonder if this one is not runned by the same admin.

By: Shermon

Shermon — Wed, 10 Jan 2007 10:31:11 +0000

You can find them at http://www.propertywealthgroup.com

By: Jude

Jude — Wed, 10 Jan 2007 08:15:10 +0000

Hey Shermon! Haven’t heard of them at all. Where can I find out more information about them.

Maybe PWG is also a ponzi which models after Pinnacle, quite likely the case.

By: Shermon

Shermon — Wed, 10 Jan 2007 08:06:04 +0000

Hi Nobs,

Could this guys be the same guys who operate Property Wealth Group, I mean the returns are the same, both are in real estate, same minimum investment & they seem to operate exactly the same. Coincidence? Maybe!