Consumer reviews and reports on scam companies, bad products and services
Kevin Griffin, The KG Group, KG Group Holdings, KG Group Management, Inertia Petroleum, etc
KEVIN GRIFFIN $1.4M SECURITIES FRUAD, SCAM AND THEFT
14th of Nov, 2011 by victimofkgscam
I cannot verify any other reports concerning Mr. KEVIN GRIFFIN of KG GROUP. However, after being involved in a transaction with Mr. Griffin, I will clearly say that I wish I had found these Scams Reports before I decided to enter into a transaction with Mr. Griffin. In May 2011, I entered into a tranaction with Mr. Griffin whereby he was to purchase and monetize an MTN using Merrill Lynch. The funds of two groups totaling $1.4M (separate transactions but mirror transactions) were placed into an escrow chosen by Mr. Grifffin and an insurance policy was taken out to protect these funds against theft. Mr. Griffin signed an escrow agreement for both groups which specifically stated that no funds were to leave escrow without a written confirmation. However, approximately 30 days after the escrow was funded, Mr. Griffin, as per his delusional beliefs, says that he took a loan from escrow of the funds that were deposited. Of course, that means that both Mr. Griffin and the escrow agent must have conspired to defraud both groups.

Mr. Griffin swears emphatically that he did not steal the funds in escrow. He says he "borrowed" the funds from escrow. Thats really interesting because Mr. Griffin signed the escrow agreement which specifically states "that no moneys are to be removed from escrow before and until the MTN is monetized and the funds from such monetization are placed into escrow and a written confirmation is provided by the Client instructing that funds to be wired out." That being the case how could Mr. Griffin reasonably believe that he could "borrow" the funds from escrow? What Mr. Griffin calls borrowed, I call conspiracy to defraud and theft. I am more than willing to speak with anyone who has been defrauded by, scammed by, or had their funds "borrowed" from escrow by KEVIN GRIFFIN of KG GROUP.

After reading this, should you think that this is a fraudulent report, or irresponsible, or unwarranted, I would admonish you call the Atlanta FBI, the Atlanta PD, the Venice, FL, PD, the Sarasota, FL, FBI to verify. KEVIN GRIFFIN rarely answered phone calls, rarely returned phone calls, was not the principal owner of any financial instrument, but was only a broker and did not produce anything he promised. I do not want to make you think that Kevin Griffin is all bad. Kevin is a great magician. Your money will definitely disappear. I can be reached at [email protected]

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