TPG Holdings
Complaint 258214 Details

I opened an account with TPG Holdings last year. Omegga Investments started to make sports bets on my behalf. The account built up and then they asked for commission to be paid up front. I refused and then thought nothing of it.

About 10 days ago I received a call from a person proporting to be from Omegga Investments stating that I had $250,000 in the account and that I should withdraw the money so I could pay commission.

I submitted a withdrawal form and was contacted within a few hours to say that I needed to deposit $900 USD for account charges that had not been paid. I paid that amount then expected the money to be transferred, however, 2 days later I got a phone call to say that becuase the money is in Cyprus and there are restrictions on money exiting the country I needed to open up an account with the Bank of Cyprus - at a cost of $4200 USD. this made sense given the fiscal restrictions in that country so I paid the money. Once again I expected the payment to be made, however, 2 days later I received a phone call from someone stating they were from the International Clearance Division at the bank of Cyprus.

This person stated that the money was being routed through New York and vbecause of that - tax needed to be paid - 2.9% or $7500 USD. At this point I was getting extremely suspicious , however, call it greed or stupidity - I paid that amount. Of course no money was ever deposited so I basically wrote off the money as a lesson learned.

I thought that was the end of it but I got a call yesterday stating that because the money was from gambling, the taxation requirements were different and I needed to pay an additional 2.5%. This is where I finally drew the line knowing full well that if I had've paid that amount I still would not have received the money.

If you are in this situation do not send them any money - it is a total scam.