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CB Telemarketing Review of Paramount Finance And Investments
Paramount Finance And Investments

Paramount Finance And Investments review: Beware, they are shonks 107

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12:33 am EST
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Beware, if you receive a cold call from this company (Paramount finance and Investment Services) offering a free financial consultation. If you agree to the "free" financial consultation they send a high pressure salesperson to sell you a "financial plan" for $400.00. If you agree to the purchasing the "plan" they will come back to you saying that the "plan" suggests you should buy an investment property in QLD (which they charge about 40k+ above the real market value). They are just scammers, basically the only two things they do are sell overpriced investment property and re-finance people (for which they charge 8k for but they dont divulge the fee upfront). Steer clear of this company, they have burn many many people. I've heard a rumor that a lawyer they burnt is putting together a class action against them pro bono.

Update by Lip
Jan 12, 2011 1:17 am EST

Paramount Finance and Investments cold call me all the time, Ive asked numerous times for them to stop and they just ignore me.

Resolved

The complaint has been investigated and resolved to the customer’s satisfaction.

107 comments
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boohoo bronson
, US
Jun 06, 2012 7:05 pm EDT

Haha Bronson, as always you come across like a ###ed car salesman. It's hilarious that you of all people have the audacity to cry about having your name mentioned yet you have no qualms bullying, lying and stealing from clients.

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Warren Bronson
Sydney Metro Area, AU
Jun 03, 2012 6:44 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Legal Information

Be warned for defaming my name and my families name with all this rubbish and you think you will get away with Corporate theft of clients!, this is to the few previous staff of this company who have written these untrue statements with false names who have no honor and hide behind false names will pay with the full force of the law. Not once have I commented till now, not only have you lied and stole from this company you have carried on with personal insults and used my sons name which shows the dishonesty of you lot. This company paid your wages and gave you a place of worth and you do this to the people who gave you a chance in life. Then you say disgusting things about my partner who purchased a property 5 years ago through this company and has always been a model citizen. Then use my sons name as well. This site is no better than the people who have written this rubbish allowing personal attacks is truly disgraceful. This is the first and only time I will comment on here. Anyone who believes these people who have written on here I feel sorry for you all, as this company only wants the best for all its clients, a comfortable retirement life style.
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CEL+WB=Got your money
Screwyou, US
May 18, 2012 8:25 pm EDT

The address is on the website contact page http://www.pfis.net.au/contact_us.html

Note that at the end of May they are relocating again! Get your documents back ASAP before they get "lost" as so many clients have.

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Paul Griffiths
, US
May 10, 2012 9:00 am EDT

Where is the new office for aus eagle? I nearly signed with paramount and want to go and retrieve my documents.

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celts42
Sydney, AU
May 09, 2012 4:42 pm EDT

I agree. Had a job offer for them several years ago and it was almost like an AMWAY type seminar where they promise you everything and deliver you nothing at all. And thats true about Warren he craps on about his son and how much $ he has and the fact his father was a famous Dutch soccer player and all the 'Consultants' that go to peoples houses read off scripts and also dont provide ANY proper forcasts regarding yor finances. Warren also insists new staff watch the DVD of the Company Rational hudreds of times over. Just a load of crap if you ask me...

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CEL+WB=Got your money
Screwyou, US
May 08, 2012 8:50 pm EDT

Be aware that Craig has no hesitation in hiring people to inflict physical harm on former staff members. At Warren's suggestion Craig hired a security guard called Joe Daher to assult a former employee for supposedly posting on this site. Craig arranged for Joe to be given the home address and phone numbers in a hand written document (Craig's own hand writing) of the former staff member.

Threatening phone calls began - not threatening the staff member but his ex-wife and his child.

This is the level that these crooks will stoop to in an effort to protect their money. To them, money is EVERYTHING.

When the telemarketers were sacked and not paid they arrived at the office demanding to see Craig and be paid. For them to be paid he insisted that they write a letter of apology and state they would take no further action against him.

The clients that go to Paramount Finance and Investment Service (now trading as Auseagle Financial Solutions - the solution is for YOU to give them YOUR money) are mainly Indian or Asian. Either way Craig and Warren refer to them as "stupid black ###", "stupid Indian ###" or "stupid Asian ###" as soon as they leave. All they care about is the MONEY they can make from YOU.

Do yourself a favor - find a licensed, qualified financial adviser and work with them. Unlike Craig and Warren a licensed, qualified adviser will not : threaten you, use high-pressure sales techniques to sell you what gives them the most profit and then threaten legal action against you if you don't proceed!

This company is unethical, unprofessional and operates in an illegal manner. If you sign ANY document with them seek legal advice PRIOR to signing. DONT SIGN ANYTHING!

If you have signed - call your solicitor and terminate the contract under cooling off. If the cooling off period has ended there is a solicitor in QLD that can get you out of the contract - find them and save yourself, your family and your money!

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sam_l
, US
May 07, 2012 8:10 am EDT

Craig, this is just the start. This will not end until you are in jail and some real justice is done.

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Professional Scammers
, US
Apr 24, 2012 8:35 am EDT

What to expect when dealing with Paramount Finance & Investment Service (now trading as AUSEAGLE FINANCIAL SOLUTIONS:

1. High pressure sales techniques - you will be made out to be a fool if you don't proceed with their advice. A loser, someone who doesn't care about their family or their future. Warren Bronson will talk down to you using terms such as "you're on Someday Isle" (as in some day I'll...)

2. If you sign up on the night you will also be asked to sign a purchase contract. Ask them to show you the commission or referral fees paid to Auseagle. That's why you will eventually be asked to sign a form saying you accept that the property you have just purchased is over valued! The moment you purchase the property you will owe more than it's worth!

3. When you bought your home did you negotiate a price or did you just accept the price? If you purchase an investment property you should be negotiating a price! Take the commission off the deal to get a real price then negotiate. Warren will come in and you will learn all about thunderstorms and rainbows, his A+ degree (that doesn't exist), his son's motorbike racing, how his friends are former all blacks etc - nothing that has anything to do with negotiating, investment property, your financial future or how you are currently feeling - which is pressured!

4. Once you sign you have a cooling off period. To get out of the deal go to your SOLICITOR - NOT AUSEAGLE / Paramount Finance & Investment Service! Instruct your solicitor you are pulling out under cool off and to terminate the contract IMMEDIATELY. If you go back to Auseagle / Paramount Finance & Investment Service they will insist that they come out to meet with you - and the pressure starts again.

5. When all is done, contact ASIC and lodge a complain about the high pressure sales tactics. Take your printed Financial Investment Analysis (FIA) and give it to ASIC as well. Be specific - times and dates that you met, that you felt pressured into purchasing, that you signed the contracts because you felt like you couldn't leave unless you did etc. Detail who you dealt with.

Oh by the way - the contracts you are presented with will probably be blank. The home loan application will probably be blank. Dont SIGN THEM! These people cannot be trusted - especially with YOUR MONEY.

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jenny craigs
, US
Apr 23, 2012 9:01 am EDT

Thanks for the admission. Citibank have been informed and have stated your loan will be investigated and the appropriate action taken.

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Gill Bedford
Dural, AU
Apr 22, 2012 9:26 pm EDT

As HR manager for Craig for 10 or so years I can see that my old nemisis, Warren Bronson (Wayne Joyce) has been here trying to be clever.

For the record all client facing staff had to undergo police record checks. Everyone dealing with clients at Paramount Finance & Investment Services underwent police checks - except Warren. This was due to fraud/ extortion charges in NZ. To suggest Macquarie Bank don't do police checks on it's staff is simply an indication of Warren's ignorance.

I was also witness to the conversation between Warren and Craig where they discussed hiring someone to break a former staff members legs. A few days later Craig left a hand written letter on his desk with the former staff members personal contact details on it. These were then handed to Joe Daher so he could deal with the former staff member. I've forwarded a photo of the hand written letter to the police with my statement about the conversation.

When Craig terminated the telemarketing team and Corporate Associates he refused to pay them. They banded together and stormed into the company foyer. Craig ran back to his office, locking the door behind him and made me deal with them before calling the police to have them removed. The CA's were told that none of them got paid but Warren's girlfriend Helen and his niece were - and told not to tell the rest.

On the plus side Craig was willing to falsify documents so I could get my home loan through Citibank. Fake payslips and employment letter. He did the same for his girlfriend.

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Craig Smallcock
, AU
Apr 22, 2012 9:55 am EDT

They call the Century 21 in Morningside Qld Century 21 Paramount and it's true Craig owns it, Gillian Bedford (that fat menapausal bag of fat) recruits for it.

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wayne joyce
, US
Apr 21, 2012 10:21 am EDT

These clowns also own century 21 in Morningside qlD

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Wayne Eric Morgan
, AU
Apr 18, 2012 4:47 pm EDT

Yes also beaware of Eric Tagudin he is also part of the pedophile ring he keeps getting young girls and manipulating them into sex. He now works at macquarie bank, they obviously don't do reference checks on their staff. They need look closely at him because he cheats and defruads people too!

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Eric Tagudin
, AU
Apr 18, 2012 4:36 pm EDT

He Is also involved With Heritage Financial Solutions Australia Pty Ltd ABN: [protected], he employed Astrid Chalklen and Antoinette Awad. Be especially careful about these two con artists they'll try and sell you a Queensland property on the night.

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Eric Tagudin
, AU
Apr 18, 2012 4:32 pm EDT

Becareful the real brains of this operation Is Wayne Eric Morgan, apprarently he is a real smart finance guru and he is controlling everything only he can't be named due to child molestation charges.

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Fatnbald
, AU
Apr 09, 2012 4:46 pm EDT

Anyone know where Craig Lives? I have something I want to send him for all the joy he has brought others.

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WazzaWanker
Sydney, AU
Apr 07, 2012 3:52 am EDT

http://www.productreview.com.au/p/paramount-finance-investment-services.html

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Craig_love_Wazza
Sydney, AU
Apr 05, 2012 9:25 am EDT

Reply to Just Try Me

Mate... Warren Bronson's name is Wayne Joyce. He changed his name then his surname to Bronson which in fact his son Greg's middle name (how original).

Craig Lynch is also not his real name I've been told. Apparently he has a spanish/italian sounding surname. Maybe these guys are hiding something.

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Craig_love_Wazza
Sydney, AU
Apr 05, 2012 8:59 am EDT

The thing is that the business is operating under different companies.

PARAMOUNT LENDING SERVICES PTY. LTD. ABN: [protected] is the cash cow. This company receives all the commissions from the builders and the banks but it is not responsible for employing the people.

Companies like AUSEAGLE FINANCIAL SOLUTIONS PTY LTD ABN: [protected], PARAMOUNT FINANCE & INVESTMENT SERVICES ABN: [protected] & PARAMOUNT FINANCIAL SERVICES PTY LTD ABN: [protected] do but these companies have very little or no assets. The only income it receives are the $7995 and $396 that they charge to the customers and that supposedly goes to the staff but it doesn't because Craig Lynch blows it all away going to Thailand every three months and spend money like there's no tomorrow.

That is why Craig Lynch can liquidate any company except Paramount Lending because there are no assets there to pay the creditors and the staff.

Craig Lynch is doing a Phoenix operation and it is up to you people to report him to ATO, ASIC, FBAA and MFAA for business impropriety.

Craig Lynch is that bad that he even asked an ex-staff member named Joe Daher from www.celebritybodyguards.com.au to hire someone to harass an ex-staff member. That is how much a low life he is. For the record, the police were already notified of this and an official report has been lodged.

You guys need to target the cash cow if you want your money back. You wont get your money if you target Auseagle, PFS or PFIS. For the record, PFS and PFIS were already in liquidation and no staff entitlements are paid because guys! There are no assets to be used to pay your entitlements.

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TarongaBoy
Sydney, AU
Apr 05, 2012 7:15 am EDT

THIS IS TAKEN FROM ANOTHER WEBSITE - LOOKS LIKE ANOTHER UNHAPPY CUSTOMER. HE GOES BY THE NAME OF PHUC ULINCI. HE WROTE: "This people is bad, send rude fat man to sell like used car salesman, he bring old woman with him and say it his girlfriend and he sell her property, i think he lie she was very old and wrinkles." Mate, I worked there, that is his girlfriend. Still yet to be paid anything for my time there, nor my super. Are now called AusEagle.

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wataya
Parramatta, AU
Apr 03, 2012 10:12 pm EDT

Yes, unfortunately this lady is among thousands who have been ripped off by Paramount Finance and Investment Services. I know because i have worked there for the past three years, There are ex- employees who are taking Paramount to court for unfair dismissal, and owing wages. I had experienced a lady in hardship who needed the $400, back, but Paramount like many other people rejected her. I am ashamed for ever working at Paramount, and warn many customers who are about to join Paramount (don't commit suicide) like many before you, they have sustained financial loss. They are a shonky business, who do not pay their employees superannuation. As for Craig Lynch Ceo, and Warren Bronson, they would be the most unethical men i have ever met.
BEWARE OF THIS WICKED COMPANY!

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Fat Man Likes Thai Prostitites
Norwest, AU
Mar 31, 2012 3:02 am EDT
Verified customer This comment was posted by a verified customer. Learn more

To the employees and customers they have ripped off, unfortunately, they like to hide behind the HR Manager/Public Relations manager of the company Gill Bedford. Unfortunately this woman cannot be trusted. She is two faced and pretend to care then back stab you when you are not looking.

The Unholy Trinity I say.

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Just Try Me
, AU
Mar 29, 2012 9:31 pm EDT

Warren Bronson - Craig Lynch
AUS Eagle is Paramount Financial Services. Warren Bronson and his A+ Degree is an absolute joke. Every staff member can't stand him and clients are sickened by the sight of him. Craig Lynch is a low life individual that has ripped off many people of the last 20 years and he put a manager in place to make sure anyone that deals with the company is bullied into signing contracts and then harassed to settle on over valued properties.
Where is ASSIC, when they are needed? The REINSW and MFAA are the government bodies that allow AUS Eagle-Paramount to be in business and COSL should be shutting this ruthless business down.
Hi Warren Bronson (whatever your name is, as he had changed his name a few years ago, ever since he has got criminal record) & Craig Lynch, you are scam and it will all catch up with you both soon enough.

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Fat Man Likes Thai Prostitites
Norwest, AU
Mar 29, 2012 8:28 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Check this link out.
http://www.reviewstalk.com/complaints-reviews/auseagle-financial-solutions-amp-paramount-finance-and-investment-services-l19669.html

What a bunch of liars these people are. Helen Vincent, you should be ashamed of yourself telling people you are a customer.

For the record, Paramount Finance and Investment Services has relocated to Norwest Business Park. Last week it terminated all its telemarketers, corporate associate other staff members and the management decided they will not pay them a cent.. If a company can do this to their staff members, imagine how they treat their clients?

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aus eagle financial solutions paramount
, AU
Mar 27, 2012 8:31 pm EDT

These band of shonks started life as NPS or National Planning Services and just keep doing the same scams, when people get wise they change name and start all over again. The website for them ... http://auseaglefinancialsolutions.com.au takes you straight to Paramount finance, man they are ###s! AusEagle Financial solutions is just the latest face of these crooks. I hope the ACCC SHUT THEM DOWN!

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Blonde Mutton
Blacktown, AU
Mar 25, 2012 7:07 pm EDT

Heritage Financial Solutions Australia Pty Ltd ABN: [protected] is the same as this company they work the same way, call centre keeps calling me and then they send some blonde bimbo who cant even count! She want to sell me a property in cairns! I checked on line and the property the wanted me to buy was $50, 000 over valued

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Auseagle Financial Solutions
, AU
Mar 15, 2012 5:11 pm EDT

I have just recieved a call from a company called Auseagle financial solutions, they are a renamed Paramount finance they renamed the company again because of thebad publicity they have generated over many years. Avoid dealing with Auseagle financial solutions as well as Paramount finance and Investment Services as they are the same shonky company.

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Kum Long Lai Lai
Sydney, AU
Feb 19, 2012 10:17 pm EST
Verified customer This comment was posted by a verified customer. Learn more

AUSEAGLE FINANCIAL SOLUTIONS PTY LTD (PROPERTYSOLUTIONS4U PTY LTD) ABN: [protected]
PARAMOUNT FINANCE & INVESTMENT SERVICES ABN: [protected]
PARAMOUNT FINANCIAL SERVICES PTY LTD ABN: [protected]
PARAMOUNT LENDING SERVICES PTY. LTD. ABN: [protected]

Beware, if you receive a cold call from the above companies offering a free financial consultation. DON’T DO IT! They will tell you that they can reduce your mortgage in half the time and sell you a plan. They will charge you $396 for the service and present you a plan that tells you to invest in properties in Queensland.

The plan is prepared on an Excel spreadsheet and it is a generic plan. They will tell you that it is prepared for your individual situation but this is not so. On this plan they will advise you that you should refinance your mortgage into:
1. A Special Finance Facility (It’s a Line of Credit) of $30K
2. A Variable Rate Loan to the value of your current home loan and other loans
3. Another Variable Rate Loan of an amount that will finance part of the purchase on a new property in Queensland
4. Another Variable Rate Loan for the construction or purchase of a new property in Queensland

If you are one of the lucky ones that qualify for a property, they will try to sell you an investment in Queensland and it will cost you on top of the purchase price $7997 for their service. If you are only refinancing, this amount will also be charged.

Note that for every property that they sell, they get up to $50K in commission from the builder - something they do not tell you. This amount comes from the purchase so you the customers are actually paying for it. This is the main reason that the valuations of the properties they sell always comes in lower than the purchase price. If you also allow them to organize the finance for the whole thing, they also receive up front commissions from the banks of up to 1% of your total loan as well as up to 0.25% of your total loan in trail commissions.

So you see, you the customers should not be paying anything, the company make enough money on their commission not to charge you $396 and $7997.

If you are unhappy with the plan, they will NOT refund you the money. If by chance you do not want to proceed with the purchase, they will try to charge part or all of the $7997 fee. There was this time where one of their clients was diagnosed of terminal cancer and wanted not to proceed. So they charged him (a dying man) $4000.

If you do happen to proceed, please check the contracts properly. They tend to get you to sign blank contracts and application forms during the meeting. Ask to take the contracts with you after the meeting and obtain INDEPENDENT LEGAL ADVICE! before signing.

It would be prudent for you to do your research as well. Do not rely on the research paper they give you on the plan. Some of the information on it is over 3 years old - and it hasn't been updated for a while.

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WazzaWanker
Sydney, AU
Feb 07, 2012 1:30 am EST

AUSEAGLE FINANCIAL SOLUTIONS PTY LTD - same company... same ###!

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ujk
bonnyrigg, AU
Feb 03, 2012 8:46 pm EST
Verified customer This comment was posted by a verified customer. Learn more

Same here. I had a lady come last night - she convinced us to part with the $396, and it was only at the end when she was leaving that she said that there was no refund. i phoned my bank, and they said that while I could not reverse the amount, that the bank could investigate whether it was fraudulent

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who-r-u-realy
Brisbane Metro Area, AU
Jan 27, 2012 9:09 am EST
Verified customer This comment was posted by a verified customer. Learn more

I had a phone call this week from someone called OZEAGLE who was rude and pushy. They wanted an appointment for a financial plan to be done. I made the appointment but wasn't home where they came see me. The next day I has a phone call from a lady called Angela who said she was Paramount Finance and why did I miss my appointment. She was rude and nasty. I wont deal with them but it sounds like they are changing to another name - maybe to many complaints? Has anyone else heard of OZEGAL?

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WazzaWanker
Sydney, AU
Jan 17, 2012 2:03 pm EST

@ jesse99999

look... you can call the office and tell them you no longer interested. If they refuse to refund your money, Take them to ASIC or Fair Trading. Usually they will refund you if you threaten to report them as they have something to hide. You should not be paying them anything. The company is paid up front commissions from the banks and trail commisions too which is based on how much your loan is. Warren Bronson use to tell us that they also get $40K comms on the property they sell to you thas why you are getting screwed if you pay $400 bucks then another $8000 for the plan.

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jesse99999
, AU
Jan 16, 2012 1:38 am EST

Thanks all for the comments, I wish I had of read them before I had one of their people come around and tell me I can pay off my morgage quicker without paying any extra. When I asked how I was told that the $400 report would tell me how. Now they want me to sent them my home loan statements, credit card statements, 3 payslips and my group certificate. I am worried about giving this company these details.
Should i send these details so they can make up the financial plan, or should I just kiss my money good bye. I have no intention in buying property from them, but would not mind a plan as i have paid for it.
Any comments would be great, thanks

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Stop calling me idiots!
, AU
Dec 15, 2011 3:39 am EST

they have tried to call me at least 20 times in the last two years asking if i want a free review, I have declined always and told them never to call again. I have just registered on the do not call list so when they call me again I will report them

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CarrieM
, AU
Dec 13, 2011 11:25 pm EST

To whom it may concern,

I am writing to thank you for sending me a bouncing refund cheque for a financial plan that was sold but never received . By my calculations, three nanoseconds must have elapsed between his depositing the check and the arrival in my account of the funds needed to honor it.

My thankfulness springs from the manner in which this incident has caused me to rethink my errant financial ways. I noticed that whereas I personally attend to your telephone calls of which there have been many, and when I try to contact you for a refund of my plan, I am confronted by the impersonal, overcharging, pre-recorded, faceless entity which Paramount Finance and Investments has recently become. From now on, I, like you, choose only to deal with a flesh-and-blood person.

Please provide me with the details of the owner so I may contact them directly to vent my spleen.

Your Humble Client,

Carrie

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WazzaWanker
Sydney, AU
Dec 13, 2011 11:52 am EST

More links:

http://www.productreview.com.au/p/paramount-finance-investment-services.html

Unprofessional, would never deal with them again.
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- Terrible
Posted on Nov 29, 2011
Vince_Peroli
Reviews: 1
Pros: Nothing to like, they are liars
Cons: Unproffesional, unreliable, liars, scammers
Overall: Paid for a financial review at the cost of $396.00 and have never recieved anything at all. I have complained to them numerous times and they have said in not so many words..."bad luck"
Paramount Finance & Investment Services is not recommended by Vince_Peroli

Terrible, avoid at all cost!
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- Terrible
Posted on Nov 10, 2011
Todd_Davis
Reviews: 1
Cons: Aggressive salespeople, they mislead you into thinking it is a financial review
Overall: They cold call and offer a "free" financial review but will then try and hard sell you investment property in QLD. The salespeople we spoke with were very rude and aggressive.
Paramount Finance & Investment Services is not recommended by Todd_Davis

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Helpful01
Parramatta, AU
Dec 08, 2011 5:55 am EST

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Unhappy customer01
, AU
Dec 07, 2011 11:06 pm EST

Here is a great place to send a complaint, lets get these scammers at Paramount Finance and Investments shutdown once and for all! https://www.edge.asic.gov.au/008/complaintV006?get/complainant/t=c6561f569d4afa4a793a0f9a0b79b405c2be9c9

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Angry bird2011
Sydney, AU
Dec 07, 2011 6:30 am EST
Verified customer This comment was posted by a verified customer. Learn more

They did exact things to me, and now they are trying to ask me to pay for the $7995. They were trying to sell me a QLD prosperity with overstated value by $40k, I rejected it. Then they tried to refinance my mortgage saying they can save my interest by $400k, but I found they refinanced my mortgage with an extra $25k loan with higher interest rate (49 points higher), if I take it, I will be $25k poorer immediately and have to pay higher interest in the future, obviously I refused it too, then they treated me. This is a scam, we should report it to ACCC (www.accc.gov.au) and to www.scamwatch.gov.au

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Naomi D
, AU
Dec 05, 2011 11:07 pm EST

My next door neighbour used them and has regretted it ever since. Avoid them like you would a short double chinned bald drug addicted sex molester in Thailand.