I first came into contact with Gryphon Financial when I signed up for their free newsletter and then signed up for their paying memberships all of which were under $100.00 a year. The "Network" sereis that they were advertising guaranteed 100% profits in 60 days or less.
In the beginning of April a representative called me frequently on my personal phone. During one of these phone calls the representative asked me if the CEO of Gryphon Financial could trade for me and would charge me 20% commission for this service. The representative assured me the the CEO was an experienced trader as he was a multi-millionaire having made millions in the stock market. I personally spoke to the CEO and he assured me an account would be opened in my name. At this time he also told me that the secretary of Gryphon Financial made $600000 in the stock market on one of his recommendations. I aslo spoke to her and she assured me of this. The CEO said to open an account the minimum would be $5000. The Ceo cautioned me not to contact him for 2 or 3 mos. As it would take that much time to double my money.
On April 26 the $5000 was sent by wire transfer to Gryphon Holdings 67 Wall St. 22nd Fl. New york NY.
IN July I edited my profile membership and learned that the $5000 was put into a membership that I had previously paid for. I immediately contacted Gryphon Financial to tell them of the error, that I had already paid for that membership prior to me sending the money and to send me a refund of the $5000.
Gryphon Financial told me that there would be no refunds.
In August I was told that the money went towards a membership called "private plays" that the CEO had set up. I was then told that the $5000 was a down payment on the membership of "private plays" with the total being$20000 for the year. Again there would be no refund of my money.
I feel very foolish and naive for trusting this co. I am writing this report to warn others of their methods and not to invest any money with this co.
Gail
Victoria, British Columbia
Canada
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