- Report: #1517903
Complaint Review: CapGen Holdings -
Reported By:
Dr Alberts -
Los Angeles, United States
Submitted:
Updated:
-
Author Confirmed
Why?
CapGen Holdings
8 Marina View 018960 Singapore
Web:
https://www.capgen.holdings/
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CapGen Holdings CapGen Investments Sanjit Sagoo Max Ayton Lost money from non-depletion bank account Los Angeles California
Myself and many other investors invested into the CapGen Loan Note program in May 2021 based on the fact that the funds would be in a non-depletion account and that the company would constantly watch the account for any withdrawals or disallowed activities. The company was to pay out 10% per month but not long after I invested the payments stopped.
CapGen stated it was trying to discuss what happened with the Aussie based trader. The trader has not been cooperative and all the money I invested was unaccounted for. CapGen did not watch the account like they promised, nor was the account a non-depletion one as they also promised. This has been going on since September 2021 and CapGen takes no responsibility for the losses and just blames others for the mess.
They say they have lost their own money but there is no proof of this. Approxiamately $30MM USD was invested into their Note Agreement and they have not paid one cent back to anyone. When I ask for proof that my funds actually were sent to the non-depletion account I get nothing. Perhaps they just took the capital, but all they do is deny such activity.
They failed in acting as a fiduiary and they have brought in a lawyer to assist but even she is slow and lacks any real intelectual depth in handling this. CapGen does not repsond to emails and just keeps saying they will update every week, but its just the same story 'oh, we are in contact with the trader' or 'we have a new agreement'.
Bollocks! And they want to be a licensed investment firm in Singapore?!! Well, they are all crooks since they stole my money and that of many others. I can provide more information should anyone need. But stay away from these amatuers!
1 Updates & Rebuttals
GK
Alberta,Canada
CapGen Amateurs
#2Author of original report
Tue, May 03, 2022
Very interesting post Dr Alberts - I am not sure if you are in the US or not but I do know several investors in Canada, UK and USA that have dealt with CG and are left without any return of investment capital - Sanj and Max were supposed to confirm that the funds remained in a non-depletion account and were not sent to another institution or bank, but this is exactly what occured -
They failed in supervising the funds and being a fiduciary - Sanj does not repsond to emails, inspite of him saying that he will - Max tells investors he is dealing with the trader that was using the funds but where the heck was he in making sure the funds were not at risk?
Total mess and now they are saying they have another trader to get money from, but even that has been a multi month process - End of day, these guys will have no good reputation in the world of finance and very soon they will be dealing with Singapore Police and my attorney.
I am working with several other ripped off investors if you care to chat (unless you are already in this mix) - Please let me know if you want to chat - Just send an email to my personal email [email protected] - I'll respond ASAP - thanks
