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Triple Seven Brokers

Update: March 2019, they are now rebranded as Camden Sportsbook and using Montecarlo Bookmakers

triplesevenbrokers.co.uk and their bookmaker, sportsbet365.co

This is another resurrection of a scam that has been going on and off for several years.

They cold call, telling you they are expert sports analysts and can make you vast sums of money with NO risk through sports betting.

They will tell you that they have just started expanding into Australia and have an 80% success rate.
What they don’t tell when pressed is what their average dividend is. They go on and on about their strike rate over 17 years so are supposedly basing that on stats, yet they have no clue what their average dividend is. They’ll say something like, ‘it depends’, or ‘it’s between 1,20 and 5.00’. Just shows they have no clue about betting and yet they are meant to be experts.

Triple Seven Brokers claim they have been operating for 17 years and are regulated by the Financial Conduct Authority in the UK.
You won’t find them in a search of the Financial Registers .
Their website was only established in July, and the owner gives his address as Slovakia.
They say they have thousands of clients in Australia already ( even after just three months of operation??) Hard to believe, especially given the lack of chatter anywhere on the internet about them.

As for their betting, they say there is no risk yet they might bet 80% of your bank on one selection. What if it loses you ask, what then ? They say, ‘There’s no risk, you won’t lose’. Even though by their own admission they lose 20% of their bets, apparently they never lose ???

Ok, so say you believe them and want to go ahead.
You have to open an account with their bookmaker, not your own.
Fair chance they also own the bookmaker’s site.
Because if they are placing so many winning bets with any legit bookmaker they would be banned because they’d be sending the bookmaker broke ( especially as they even get discounted odds with the bookmaker!).
The bookmaker site was registered last year and updated in July.

Here’s the likey scenario if you sign up, even with a small amount:
Everything will go well at first and you’ll have many winning bets. Who can tell when or whether they were placed. You seek a withdrawal and will be asked to pay the 20% commission. Then you still won’t see your money, or if they do let you make an initial withdrawal, you will be enticed to deposit more next time and let them build your account to some astronomical sum like $50,000. You’ll be asked to pay $10,000 to get the rest of it out, which won’t happen even after you pay up.

Avoid.

Ballantyne and Barrows

Ballantyne and Barrows , along with EIFO Exchange

ballantynebarrows.com , ballantynebarrowssolutions.com , eifoexchange.org , eifoexchange.com , eifoexchangeonline.com

This is a company that calls out of the blue, supposedly from England, in what must be the middle of the night for them. The guy I spoke to says he is on the Australian shift as they have thousands of clients in Australia ( yeah right).

So they’re selling trading advice that apparently does really well. ( I can’t understand why this guy needs to work in the wee hours of the morning if he could just be trading a couple of hours during the day and sleeping like other people during the night.)

You have to do your trading through their broker: Elite International Futures and Options Exchange ( London). None of the EIFOexchange addresses listed above take you to their website anymore, except for a customer loin page for eifoexchangeonline.

They claim to have been around for 27 years.
All the websites were registered just this year.
Most are registered with domain privacy through a company in Nobby Beach Qld.
Australian connection there??
You’d suspect that they are ringing from Australia rather than the UK too because of the times they call at.

Neither Ballantyne and Barrows, nor Eifo Exchange are listed with the Financial Conduct Authority of the UK

The guy I spoke to gave me a registration number to check on for himself. Problem was, he was only registered with EIFO and not with the FCA as a registered broker. We’re pretty sure EIFO and Ballantyne and Barrows are part of the same team.

We’ve had a couple of emails from people who say they were lured in by advice on stocks about to move that they could buy options on. The trades went ok, but when they came to make withdrawals, access to accounts and communications ceased.

If you’ve had any dealings with them, please get in touch with us.

Bet WIth Us 365

betwithus365 , bwu365.com

Another reinvention of the old ‘forgotten betting account’ scam.

They ring you up to tell you that they have an old account of yours on the books….that used to be managed by a third party, who were located on the Gold Coast (of course).
They will then tell you that there is a substantial sum of money in there..in the tens of thousands of dollars…’What would you like to do with it?’

WIthdraw it of course!
Well they can do that but first there’s a small matter of paying back a credit that was used to start the account (apparently). $4,000 or so.

They are unable to simply take the fee out of your account and send the balance to you…for ‘legal’ reasons..

If you don’t want to pay they can close the account and take the earnings for themselves.
I don’t understand how they could manage to do that but they can’t take a fee out….for legal reasons

Is BetWithUs35 a scam?

Of course it is!

Just like many before: SportsAllBet, Sporstbet247, BetOTL, Brookshire Traders , Kensington Trade… to name just a few!

Their IP is in Russia like most of the others and they claim to be in San Jose, Costa Rica, just like most of the others..

They say they have been running for about 8 years yet their website is only registered from 2016.

Get this straight: if you send them the fee you will not see that money again, nor any of your ‘account balance’. Many have been taken by this scam.
Learn from them!

 

Exelon Group

14/2/2018: Major breakthrough!

https://aussiescamalert.com/exelon-group-and-cold-trading-international-arrests/

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Seems there is a new group operating that bears an uncanny resemblance to the Laybet Professionals scam ( which then became Charterhurst Agencies)

They sound like they’re peddling the same or very similar software, laying horses on Betfair to win ‘90% of the time’. Exelon Group are even at the same address as Laybet Professionals used to be, 128 Bundall Rd, Bundall , the notorious old Coast scammer hotspot.
Update: now they have an address in Varsity Lakes, but it is just a mailbox.

The two (alleged) principals of the Laybet Professionals and Charterhurst Agencies scams are now facing court,

The following comment appears on Aussie Criminals:

“Scam Alert | Aussie Criminals and Crooks

Thanks Mike,they ( Exelon Group) run me past a demo weeks back and the main trader attached my betfair account to his system that he uses over 2 days trading. it actually turned over $200 profit for me & i asked if i could speak to a client (even though they could give me a fake person ) that bought a system and has had it for a while to see how they were going with it .but said he couldn’t give any contacts out as per the client priviliges or protection law or whatever ? was reluctant to let me contact anyone, but said we could come in to the office any time to meet. He said they were attached to an IT financial company under a umbrella corporation …if i have that right ! So not sure !!”

Sounds like the typical kind of excuses/spiel from scammers.

December: we are starting to get reports now from people ‘investing’ with them. Accounts are losing money and what’s more, are designed to lose and then the client gets the upsell for the ‘improved’ version.
Have also heard of them weaseling their way out of the 10 day cooling off period obligations, refusing to honour it and refund payments.
These are exactly the same tactics that Charterhurst and Laybet Professionals used.

Update 27/1/17: This just in from the Brisbane Times:

http://www.brisbanetimes.com.au/queensland/man-extradited-from-south-australia-over-alleged-6m-scam-20170126-gtzo0o.html

We suggest exercising a HIGH degree of caution in dealing with Exelon.
Be wary of signing contracts with a 10 day cooling off period. The previous iterations of this company are notorious for not honouring them.

If you’ve had any experience dealing with them please get in touch with us!

One LIfe

Not much time to write this report, but it seems Roy McDonald is still at it after years of complaints about his ‘wealth’ seminars.

His current business is under the name of One Life , onelife.com.au

A good place to start reading about his seminars is this article from the SMH

http://www.smh.com.au/articles/2003/09/12/1063341768117.html?from=storyrhs

There’s plenty more if you search the web.

On their Facebook page, there’s a disturbing lack of comments relating experiences at the seminars. All we see is people going in, and then nothing..

While it may be argued that the seminars are transformative, they are not transformative in the positive way that people expect.

Also there’s a brilliant piece on this by Denise Brailey, (now head of the Banking and Finance Consumers Support Association )

you can read it here where she not only explains some of McDonald’s schemes , but also the buck passing that goes on between ASIC, the ACCC and Fair Trading.

http://www.fatherdave.org/Rave/SMW/Denise-Braily-article.htm

Harry Omeros charged with Fraud!

Breaking News! Harry Omeros has been arrested and charged with fraud.

latest update from the Gold Coast Bulletin says that he has scammed over $400k from 12 people. We think they rather understate the figures! So, if you’ve been scammed by any of the below businesses please get in touch with Qld police!

Bidlife