Financial Group Inc. of Acceptance Capital
Perfect Mortgage Fraudulent investment, stay away from this company, you will not get your money back

Dont make the same mistake as I did, it could cost you thousands of dollars, keep away from Perfect Financial Group Inc. Of Acceptance Capital, run by CEO Vincent Singh. If it is too good to be true it is probably fraud! Read on.
I was lured in by a friend/co-worker that I known for over 10 years to invest with Perfect Financial Group Inc. He told me he had been investing with Perfect Financial Group for about 1 year and a half and the returned on investment was great, over 40% return on investment and it is all pay out to you cash. My friend claimed to be a good friend with the CEO from Perfect Financial Group Inc. And claimed the money would be completely safe and I could take it out at any time. I know a couple other people who put their money into it as well and their return on investment was great, so I was finally tempted to join.
I was told that the money would be used for commercial loan notes that run for about 45 days long with 7% return on investment on each note. You could get about 8 notes in one year, which is 42% return in one year.
Any ways, after thinking a bit more about their business model, I realize that there is something wrong here. How can one get over 40% annual cash return on the investment doing commercial loans at no risk as promised? So, then I started questioning what Perfect Financial Group Inc. Is really doing with the money? Are they doing an illegal business?
Bottom line is that I got cold feet and I wanted out. One December asked back for my $50K that Perfect Financial Group Inc. Had in their possession, and now 6 month later I have only received $10K back.
Vincent Sign the CEO has given me lots of excuses about their money being frozen by the bank. Finally on February he provided me with a temporary Bank of America user name and password, so that I could verify his account was frozen and indeed, the Bank Of America account he provided showed that there were over $800K frozen and the account show that it would be unfrozen on March 9th. It is now mid June and Perfect Financial Group Inc. Still owes me over $40K.
I am not sure how to collect such money from Perfect Financial Group Inc. Other than hiring an attorney and doing a law suit. If anyone on this forum has any suggestions, they would be greatly appreciated. Also, if there an attorney out there that is willing to work for a percentage of the outcome of the lawsuit please provide your info for a consultation. I have not chosen an attorney to represent me yet.
I have two theories on the Perfect Financial Group Inc business. One is that they illegally qualify business for loans, by pumping lots of money into their account temporary to make them qualify for the loan, on their website, they call this creative financing for extremely difficult situations.
I was told by CEO Vincent Singh that I was the smallest investor with 50K, most other investors have $250K and over and they have been doing this for over 10 years, so they know that everyone once in a while the money can get frozen an inaccessible. Regardless of what he says I dont believe the money can be inaccessible for over 6 months and this is not what I was told before investing. I believe something else is going on here.
From what I have learned, this is how I think Perfect Financial Group Inc operates its business. They have trusted investors deposit large amount of money directly into a private accounts, not to the business account. There are no written contracts, people who have been in the business for a while refer others trusted friends. These private accounts then transfers the money to the business applying for the loan. When the loan is closed, the business pays back the borrowed money plus some large percentage of the borrowed money, which I imagine it is over 10%. Perfect Financial Group Inc. Gets this money paid cash and returns 7% cash back to the investor on each transaction. If an investor wants part of his invested money back, they have this private accounts pay the investor. So, Perfect Financial makes cash money without anyone knowing about it. I would also image they have their regular lending business to camouflage their hiding business.
Since the return on investment is so great, most investors would just reinvest the profit and any additional money they have. The problem comes when they try to collect the money, some how the money is not available for payback, what are they doing with the money then?
My other theory which is much less likely is that they use their Mortgage title to show that they are in the mortgage business, so people can trust them and invest in them. They have people invest money with them with a promise of high returns. The new investors pay off the profits of older investors. The problem here is that when there is no new investors and people like me ask for their money back, then there is not enough money to pay back. The intension here would be do deceive people in investing in their company and keep their money. There is no contracts signed this is just a trusted investment from a trusted source, so investors do not have proof to get their money back other than a deposit to an unknown third party.
From the Perfect Financial Group Inc. Website (http://www.perfectfinance.net/team.html) I see the following people are highly involved in this fraudulent business: Vincent Singh, Daniel Rama, Sonny Steele and Usha Singh. If you have invested with these people or people underneath them, then you are in trouble like me. If you still have not invested with them, stay away from them if you dont want to loose your money.

Company: Financial Group Inc. of Acceptance Capital
Country: USA
State: California
City: ElK Grove
Address: Laguna Springs Dr. Ste 200
Site: perfectfinance.net

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