Welcome

Welcome to Aussie Scam Alert.

Here we try to expose scams operating mainly in Australia, but also some overseas ones targeting Australians. Not every business reviewed here is a scam. Some will be fine but are so closely associated with areas of mistrust that we feel it is in the public interest to review them. Please read our Watchlist if you can’t find what you are looking for on any of the other pages. The one you are looking for may be on our radar as one to watch out for. We can always do with information about any of the scams covered here, and also any ones that we have not heard about. Please help keep others safe.

All views expressed are opinion, presented in the general interest of the public. You should always do your own investigation and consideration of all facts and testimonials. If you would like to know about Why we operate, please read our About page.

We’ll leave you with wise words from ‘The Richest Man in Babylon’ . Take note of No.5 !

The Five Laws of Gold

1.Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.

4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

5. Gold flees the man who would force it to impossible earning or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Freedom Circle

yet another binary options scam..

this time brought to you by Kyle Stanford ( if he really exists, which we doubt)

First red flag: you can earn $5,000 a day with only 30 minutes work, just by clicking a few buttons!

No risk!

Yeah, right.

One of the video testimonials features an actor who also did  a testimonial for another scam we feature, Asset Solutions Australia

binary options scam

binary options scam

They go on to tell you in the introductory video how sick they are of online scams and they would never be like that, taking money off people who are just trying to get ahead.  Gee, they must be such nice people.

Please don’t be fooled by this rubbish. You will be asked to open a brokerage account where you will have to deposit a minimum amount of money. The scammers will make a commission on this deposit. That’s all they want. They don’t care that you will lose your money using their ‘no fail’ trading system.

Market Trading Global

markettradingglobal.com scam

Yet another in the string of scams that started as the AMTP and has recently been Asset Solutions Australia, Property Investment Providers, Bidlife, Lifestyle Profits, etc.

Selling trading signals services in indexes, gold, forex, etc like many times before. Using some of their stalwart actors for the fake testimonials. Jake Elliot from the mines at Asset Solutions Australia has now become Jake James. Same story.  Maria Williams from Property Invesment Providers has now become Laura, still searching for that extra income.

Need we say more? Keep your money in your wallet

SportsAllBet

Sports All Bet scam

sportsallbet.com

Sounds like another re-invention of scams like Kensigton Trade,  Grainger Trust, Marlin Reynolds, etc

They ring you up and tell you that you have a long forgotten betting account that was run by a third party that you used to have an account with, in this case Cybersportstab.

Lo and behold, now the balance is a touch over $50,000 !

All you have to do to get access to your account is pay them $2,500 to take care of the amount that was initially credited to your account by them so Cybersportstab could place some big trades for you. How generous they were.

They are supposedly based in Costa Rica and have a crappy website with no contact details. NO way you would want to trust them with your money.

Please do not fall for this one. Other people have been sucked in before in very similar schemes. You never get access to any account with lots of money. You always lose your own money and then there is nothing you can do about it.

ACCC giving Bad advice

2015 Targeting Scams Report

This is the report by the Australian Competition and Consumer Commission to
coincide with National Fraud (awareness) Week last
week.

They report that $229 Million was lost, with investment scams leading any
other category with $41 million reported lost.

You can find the 81 page report in pdf form here

Plenty of nice statistics about what’s happened in the last year, but more
importantly:

What are Scamwatch, ACCC and other Authorities doing about it ?!

Well, in 2015 the ACCC’s Disruption project seems to have been solely aimed
at disrupting Romance fraud. Good on them for doing something, but what about
Investment fraud which has now surpassed Romance fraud ( maybe partly due to
their disruption efforts)?

Nothing as far as we can tell. Most of their time seems to be taken up with
compiling statistics.

Getting information out of them is like getting blood out of a stone. Our
offers for them to use our resources seem to fall on deaf ears.

ACCC’s bad advice

In their website report here, they end up giving advice on doing due diligence on
your next investment.

“Before parting with your money, do your own research on the investment
company and check they have a Australian Financial Services Licence on ASIC’s
MoneySmart website.”

and “Only invest your money with a managed fund or other investment that is
licensed by ASIC and check ASIC’s MoneySmart website.

This advice would seem to imply that it is a sufficient that a business,
company or financial advisor is listed with ASIC  with an ABN, ACN or
AFSL.

Well that is just plain WRONG.

It is NOT a sufficient check.

As hundreds of scam victims will tell you, ALL the companies, businesses and
financial advisors they dealt with in Australia were listed with ASIC.

We called the ACCC and voiced our concerns that this advice is very unsound
and makes them negligent in their duties. To date, no response.

What do you think?

 

Royal Guide Line

RoyalGuideLine

www.royalguideline.com

www.betyourdream.com

Another overseas company promising to make you thousands with their superior sports betting and handicapping selections.

We’ve seen it all before from as far back as the Bachmann Group (one of the first scams we started with).

They always ask you to start with just a ‘small’ investment to let them prove to you ‘how good they are’.

It’ll go something like this:
Your account will steadily grow with many wins on low odds sports events. You may even be able to make a withdrawal. You’ll then be encouraged to invest more. You r account grows. But when you want to make big withdrawals you’ll need to send release fees, taxes, etc but you’ll still never see your money.

You’ll have no idea where they are really located. No chance to get your money back.

Stay away , it’s all a scam

 

see also Kensigton Trade and Brookshire Traders. Wouldn’t surprise if it’s the same people running them.

Asset Solutions Australia

Who are assetsolutionsaustralia.online ?

Probably the same people that are running Property Investment Providers, (since they also have the same address and telephone number )

and have also run AMTP, Australian Market Trading Professionals. (since they’re running the same scheme and have the same testimonials )

They also have the same guy running them, always going by a name like Steve or Mark Davis/Davies/Jones.

First just check the testimonials on the Asset Solutions page and the Property Investment Providers page.

Assetsolutionsaustralia_fake_testimonials

Now the guy on the right is ‘Jake Elliot’. He’s been working in the mines and wants to spend more time with his family, but luckily he found Asset Solutions Australia.

Continue reading

Mick Featherstone charged!

Mick Featherstone: Former detective charged over alleged multi-million dollar fraud syndicate.

At last.

Read the full ABC story by Mark Willacy here

Also it was the lead story on Qld ABC news: http://iview.abc.net.au/programs/abc-news-qld/NN1604Q047S00

Well done to the CCC, Police for a mountain of work, and the ABC for investigating the story. Let’s hope justice is done.

Binary Options Scams

Seems there is a spate of these lately, all over the web. We’ll try and name as many of them as we can here. Usually they appear on pop-up windows while visiting various sites. Sites that may be perfectly legitimate, but they have to fund themselves somehow and these ads may appear even on reputable ad networks. ( Heck, they may even show up on this site!)

The ads usually tout Easy money making, replace your income, in a few minutes a day, anyone can do it, and you only need start with a hundred dollars or so. And if you click away, they’ll be quick with an offer to let you start for free ( if they haven’t already told you you can start for free)! Often they will tell you that you can use their proprietary software for free to get the winning trades.

The ads tell you that Johnny made $92,707 in only three months, Sarah made $21,487 in 21 days, and Alice made $249, 228 in one year, etc, etc

All it really is, is signing you up to a Binary Options broker, who will pay the scammer a juicy commission on your sign up and even ongoing commissions on how much you lose.

This is obviously working for the scammers because we see these ads repeatedly.

Let’s start naming:

Binary Options Scammers

Market Buster     www.market-buster.com
The Aussie Method   www.aussiemethod.com
The Sydney System
The Brit Method   www.thebritmethod.net
The Canuck Method    www.thecanuckmethod.net
The Amissio Formula   www.amissioformula.com   (Broker not shown. You just have to deposit money to an unknown account! )
The Profit From Home System     www.pfhsystem.com   ( this girl is so full of it  that it makes you want to puke.  Of course, she’s got such a big heart she’s giving you her system for FREE! First time we saw the video she was Australian (with a shocking accent) and had to go pick up her kids from school on Boxing Day !. Now she’s American )
Cloud Trader
Golden Goose
Guardian Angel
Alive in 5
Profit Infinity
Magnetic Profit
Greenwood Formula ( with $10,000 guarantee!? )
Quantum Code
Opus Formula
Drexel Code
Zulander Hack
The Cash Code

 

Binary Options Brokers

Just search their sites for ‘Affiliates’ or ‘Affiliate Program’ etc. There you will find how much they are paying out your buddy, the scammer.

Opteck     www.opteck.com

Up to $100 per lead, 20% commission share ( and higher!)

If you want to read an in depth report of what it is like inside the world of Binary Options scammers, read this great piece from The Times of Israel

 

 

Send us names of any others you come across please.

Property Investment Providers

www.propertyinvestmentproviders.com

www.propertyinvesmentprovidersaustralia.com

Caution, caution, caution.

Thankfully a thoughtful reader alerted us to this one and the name associated with it: Peter Phillip Lucas.

Peter Phillip Lucas is the Director and has been Director of a few other scams, usually associated with Harry Omeros. ( or are they one and the same person?).

This is supposedly property investment. Five different levels of investment with immediate weekly returns, eg: $200 per week on a $10,000 investment! that’s 100% return per annum. Alarm bells should be ringing!

They say they have 72 years combined experience in the property markets.  Maybe so. They say they have helped 3,787 clients over 17 years invest in property. Funny…they’ve only been registered as Property Investment Providers since August 2015.

So how would Property Investment Providers work?

Now let’s see..they say they sell their property developments for 8-13% return and investors get 2% return per week.
If they have their 3,782 clients all of whom just invest at the small $10,000 starter level, the company would need to pay out $756,400 each week, and sell over seven and a half million in property every single week to pay the dividends.

If you are thinking of investing with them, PLEASE do some research and think very , very carefully.!

Please do get in touch and tell us about your experience.