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:
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!