Lay Trading Solutions

UPDATE: see comments, 3 million lost already. Veracity of comments have been established.

Update 8/9/15 At last some arrests with charges of money laundering by an accountant and a company owner.

http://www.abc.net.au/news/2015-09-04/two-charged-in-queensland-over-boiler-room-investment-scam/6751580

This is after Mr Dwyer had previously been sentenced to six months in prison but that was suspended on an $1,000 undertaking to be of good behaviour for 12 months afterwards

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Lay Trading Solutions, laytradingsolutions.com.au , LTS , ezylaytrading.com

Thanks to one of our readers we have been alerted to this scam. It looks almost a clone of Goldencove Inc . Same spiel, same packages, same misleading statements: options, leveraged trading, when it is actually lay trading on horses.

Our contact says they have now disappeared, or maybe re-invented themselves under another name. Beware though..they still may be after You.

99 thoughts on “Lay Trading Solutions

  1. Mark Robertson

    Hey all my names Mark Robertson and I’ve lost money with both on the stocks and shares market as well as lay trading.

    I had been involved with lay bet pros and lost over 32k with then 20k invest and 12k trading account.
    The way it was set up they seemed like they would look after my account and do the right thing by me.
    The guy I spoke with was very smooth and after a bit I gave it a go as I felt it would be a great way to pay off my mortgage.
    When I went to get money to go on holiday it was a mission.
    Long story short I’ve never seen it .

    I was contacted by a young guy from Charterhurst who deal with lay trading that had been burnt in the past with lay bet and had been using their platform to get him self out of debt and cover his mortgage.
    He near works there to help others get ahead financially.
    I was very skeptical as I’d been burnt a few times with bad investments.
    After understand that it’s a auto trader and you can set your criteria up as tight as you won’t and you can set it for a loss of $50 and the programme shuts down and that you can make it work till it’s made $150 a day 7 days aweek I thought why not give it ago there’s 168 hours in the week why not get paid for them all.
    I started just over 2 yrs ago now and it was $16,500 for the Aus market then I put 2k in my trading account I made $25,672.11 in 6 months then they guy I spoke to helped set up for the next 6 months and now I’m able to turn over 3k-3.5 k a week tax free on auto trade covers my mortgage of $860 my house hold bills helps me with my daughters school fees and have a holiday find now too.
    My heart does go out to all those that have lost hundreds and thousands.
    Not all companies are bad there are some good ones so give Charterhurst a call the guy I spoke to was Richard something helped me set up a game plan and now very happy that I had the balls to just give it ago and not let fear and risk and been burnt get in the way of the life I have now thanks to Charterhurst.

    Reply
    1. tracy

      Hi Nick i had the same from Peter, I have lost a lot of money and I would love to talk to you. Please contact me on 0468 928101 tracy.minall@hotmail.com. I want to get my money back plus help all of those innocent people out there that have been conned.

      Reply
  2. Nick

    I am being harassed daily by Peter on 0406 538 189.
    I dont know how he got my number but knows my city, and is not shy.
    They are trying to push an online presentation.
    Guess they havent been brought down yet….

    Reply
    1. Wanda

      I just had a phone call from someone asking me if I were interested in lay trading, she sounded drunk and told me that for a measly 15 to 20 K I could invest. I laughed and asked where I was supposed to get that kind of money from, she replied that maybe I could win lotto or something and said she would call me back in 8 months time.

      Reply
      1. barry

        I received a call today about investing in lay trading a company called Charterhurst they want to ring tomorrow and have me watch some presentation remotely by computer. I thought it sounded dubious now after reading this website there is no way i would go ahead. Sorry to hear about everyone else’s misfortune there are so many scams out there now its so hard to know who to trust.

        Reply
  3. Brett

    I have been done over as well. Got the email to say they had shut down as accounts had beed hacked by a third party . Then downloaded forms for settlement distribution . But have heard nothing else…….

    Reply
  4. ALAN

    I sent the form off to Sentry gaming beginning of May but have had no response.
    Has anyone had a response ?

    Reply
  5. Diane

    UK Home Business got me for $20,000, a 5 year contract plus a gaming deposit of $10,000 to The Lay Exchange. I sent my filled out form to Sentry Gaming on 24th April. I received an email from them on 5th May saying they hadn’t received my form. I have sent 2 more emails to them and have not received a reply, nor any money.
    I subscribed to a credit watch company to try and get some information on UK Home Business. About a week ago the lady from there told me that they were still a registered company with the director being John Patrick Kane of Highland. I only took a chance with this company because they were an Australian company and I thought if anything went wrong I would be protected.
    Can you please advise what to do now and how to proceed with it.

    Diane

    Reply
  6. Leo Bookham

    Hi All, Unfortunately I have been scammed too and today have been emailed from Sentry Gaming which basically said that if we keep it hush hush then we stand a chance of receiving all our money back over a period of about 3 years. It seems by this forum that some people have been successful in getting their money back but I am still unsure of what to do because the settlement document that we are obliged to fill in and return appears to be a little unprofessional to me. I guess if it is coming from Cost Rico then that may explain why it is a bit shabby.

    Any advice of what to do from here would be much appreciated.

    Reply
  7. Steve

    Sounds all similar to me, I was scammed by E-Trading Solutions using a mastertotes.com web from end. $6000 invested I want to see these people apprehended and dealt with. It’s not just the money but the time wasted. I believe that I need to fill out a Qld fraud squad police report and connect to this site. Is this correct guys?

    Reply
    1. Admin

      Yes, fill out the fraud report and make sure it goes to Karen Martin of Task Force Maxima as a possible related scam.
      I’ll email you for more detail on how you can get in touch with the others

      Reply
  8. Abinesh

    I have been scammed to 7.5K, initially they wanted 15K upfront but I was hesitant to outlay that much money.. I spoke to someone called Chris Jacobs.
    any help in tracking down these criminals and possibility of getting some of the money recovered.

    has anyone filled in the application form for debt settlement on the ezy lay trading site.

    thanks

    Reply
  9. Peter U

    Sadly I got stung as well.
    Has anyone sent their details to Costa Rica with Sentry Gaming. This looks like a rouse as well. Surely the details of your account would be available to them.
    Is there anything we can do?

    Reply
    1. Admin

      So far.. Sentry are coming through and have paid some people already. It’s wait and see. There are things you can do. Join us..

      Reply
      1. William

        I am unsure what amount I should be putting on the Sentry Gaming form. I have also been duded.
        Sentry Gaming have advised to only put the original deposit on the claim. Do you know what the connection is between International Pacific, WCT Operations and Sentry Gaming.

        Reply
        1. Admin

          You should put your total deposits. WCT Operations was the banking account for this and other companies. Pacific International Gaming used to be the banking account holder. They also sold the ezylaytrading licence to Sentry after holding it themselves.

          Reply
  10. Carolyn

    I believe I have also been scammed. Andrew Bennett was the ‘consultant’ from LTS who contacted me. I have signed up for ASIC alerts to notify me of any documents lodged by LTS. As a creditor why haven’t I received any of these documents? If I want access to them the ASIC website requires me to pay for them – how is this right?

    Carolyn

    Reply
    1. Admin

      I agree. They should be more freely available. I mean..how much does it really cost them?!
      You’ll be able to access information in our forum..

      Reply
    1. Martin

      Some contacts that I have ( probably don’t mean much )
      Charlie Watson LTS 0404 592299
      Fred Stuart LTS 0404 713 377 / 0406 457 780
      George Ghias UK home Business I Think, 0434 740 666
      Peter Laybet Professionals 0406 538 189
      Joel from AHBB ( going back a bit ) 0413 087 117
      Mike Pollard UK home Business, first struck him at AHBB 0434 742 373
      I have had my fair share of phone time with most of these wonderful people, they would have me in their books as a time waster for sure ( some of them anyway )

      Reply
  11. Martin

    Isn’t it funny, the names go around and around Charlie, Fred, and so on, I have been dudded as well, but perhaps I was one of the lucky ones, I did manage to withdraw my funds from Ezylay Trading about 2 days before the website dissapeared, Just so happens though that I have an email on file that LTS sent out, it has about 25 of their “clients” email adresses on it, I shall get the ball rolling there tonight and make contact with them, lets see if we can stir the possum a bit.

    Reply
    1. Dennis

      Yes another sucker here, they got me for 70k . I’ve had the run around from LTS , ezylay & sentry & no real person to speak to which lead me to scamalert .I’ve received sentry’s offer which sounds dodgy. I don’t know why Costa Rica based company sentry gaming require all my details including my bank accounts .I have reported this to Qld fraud & spoke to Edward Chu the liquidator. Is anyone accepting this offer or how are you going to recover your monies

      Reply
      1. Jeff

        Also did my hard earned , all comments to familiar and definitely not keen on giving ‘them’ the mystery men , my bank details. Also sent e-mails an they say the only way to is into my bank. May be they have paid a bit back to encourage every one to send bank details.

        Reply
    2. Anon

      Hi Martin, if you have that list of names of the clients it would be good if you could tell them all about this forum? This is a way we can all connect. I am happy for the administrator to give you my email address. There is a large group of us and there is always strength in numbers. Would be interested to know how you got your money out – a few of us tried but were not successful.

      Reply
  12. Anna

    I suggest we all contact their liquidator Edward Chu 03 8605 7333, he will send out a form to be filled out together with documents. He has the power and authority to look into their accounts and demand funds back to us creditors.

    Reply
  13. Stephen

    I was just wondering did anyone actually meet one of the guys in person?
    Are they from Australia
    A mate mine bought a lincence for 4k with a 2k starting bank although sceptical I watched it for about a year and it seemed to go well so when he was contacted by Adam Davis about a 10 year license opportunity for 3k we both took up the offer although at the time I did not have the cash to fund it. Know I thank god for that after I paid for the license I recived no receipt nor an email code or email at all to show I had an account I began to become a little worried because the mate got his. When he told me they were having trouble in late December I began to get worried cause I only signed on mid December and when he told me of the emails of which I never recived I began to do some ringing with no success which led me to dig deeper and that’s how I found this. I did find it strange that for over a year the mate had been in it he never knew or had contact with any one else in it. His only contact was with Lts. I know have not lost as much as some but if there becomes a chance to get some or all of it back I want to be part of it. You got my email keep in touch

    Reply
  14. Bob

    I may have been scammed too. I was very hesitant to join but until LTS started a trial account and showed performance of their accounts which made me change my mind. LTS sales person (Charlie Watson & Michael Richards) also made a agreement for refund if they did not perform as state. Anyway, now both salesperson has disappeared and only person in contact is Fred Steward. I have got some evidence which may help police. I also feel the best way is to bring this scam on TV (Current Affairs or Today Tonight) to stop such scams in future.

    Reply
  15. Darren

    A fellow going by the name of Charlie Watson contacted me, purporting to be from ezylaytrading… I too have not been able to contact anyone from this sham organization…I have kept all my paperwork, and a quasi contract I was given also…Could someone please give me more details as to whom to contact regarding this matter…As I invested nearly $ 20.000.00 with this lot…Even though I was very hesitant at first, they still managed to con me…And I have been nervous everyday since I handed over my money…

    Reply
  16. Jacqueline

    Yes and add me to the list of people who have lost their money to this lot. Yes, after the fact I did some investigating and got that sinking feeling when I realised their addresses were 1. a mail forwarding service they no longer pay for and 2. a virtual office they have long since abandoned. How can we all get in touch with each other because together perhaps we can achieve something? Fred Stewart is the guy who calls himself the customer service contact but I think he is employed by them to hold everyone off until they can cover their tracks or whatever. He is impossible to get information out of, a real slippery character if ever there was one. Says now that he knows very little. What a joke. Please get in touch with me and I will go to the police too. I even contacted ASIC, but that probably won’t go anywhere with that toothless tiger.

    Reply
  17. colin

    Has everyone received the email today 11 march from Sentry Gaming re refunds??? your comments please asap!

    Reply
    1. Leigh

      Hi

      Yes I also received the email today, not sure what to think of this though. If it is genuine I have asked sentry how will we be able to get this form as the website ezylay trading is inactive.

      Leigh

      Reply
    2. Adam

      Yes I did, I don’t understand how sentry are connected as yet and whether it’s the ezylay website which is being referred to as having the forms

      Adam

      Reply
    3. Jacqueline

      Personally I find the explanation from Sentry Gaming suspect. It does not make sense to me at all. I actually spoke to someone today in a related company who gave me some interesting info about the background to all this. Are we going to somehow connect?

      Reply
  18. Ann

    Hi I too have been scammed by LTS, am in the middle of sending details to Qld Police. Please send any more information you may have on this mob.

    Reply
  19. Alan

    Hi all yep it looks as if this LTS is nothing more than a scam and yep I’m a sucker.

    I had phone call after phone call for months on end from so called people representing LTS, from two persons in particular promoting an using LTS as the platform for this so called Ezy Lay scheme.
    One being a Sean McNabb a so called Senior Consultant also a Adam Davis for LTS when rang goes straight to his message service with no return call.

    Since the site has been down like all of you I’ve tried every number to no avail, but I sent a e-mail to
    team@ltsolutions.net.au and got a reply from a so called Fred he wont give his last name of course but here is some of what I got out of him.

    Alan, To date you have all the information I have been sent.Sentry Gaming have
    left the contacting of clients to their lawyers. I will not comment
    further.
    Fred

    Alan, I will say again that because the problem concerns the betting company they are and will continue to contact clients. LTS are not involved but still respect its clients. The phones,website and all accounts are on hold hence all contact be by email. I am your contact through this enquiry for
    LTS related questions but information is scarce.
    Fred

    Alan, All trading account money goes into an account with a bookmaker. LTS has limited access to these accounts. You have PIN and PASSWORD and account control. These accounts have similar security to normal bank accounts.
    Fred
    Alan, Sentry Gaming bookmaker has contacted all ezylay clients by email 21/2 prior to closing betting site and suspending all trading accounts because of a betting problem that had arisen.
    LTS are not involved only the clients of bookmaker. The latest I have is a message has been placed on betting site and a detailed report from lawyers for Sentry Gaming would be sent soon. You will be also contacted by phone.
    Rumours are usually just that a bit of fear relayed by those who do not know.
    Fred
    Customer Service

    Don’t you just laugh when you see the Fred from ‘Customer Service’.

    Reply
  20. Roger

    A group of us got involved about 10 months ago. We were always quite sceptical with the constant changes of address and contact details however when we were able to withdraw funds we relaxed a little. Looks like it is all gone now but if anyone has any insight as to what is going on it would be greatly appreciated if that info could be passed on. We always knew it would be a risk so glad we syndicated it.

    Reply
  21. Craig

    It sounds as though I have the same story as many others dealing with LTS Solutions and EZY LAY Trading. The names involved are also the same – Dean Collins and Kevin Stowers.

    I will make contact with the Police investigators as listed above, are there any other recommendations of what to do from there?

    Reply
    1. Jacqueline

      Complain to ASIC as well because they are breaching company law by not having a proper address and phone number they can be contacted at. the more people complain to ASIC, the better.

      Reply
  22. Leigh

    Hi there, I too invested a fair amount with LTS last Sept, I got a bit sus on them over the Christmas break. Same deal with me, can’t get onto anyone now when you call them, they always did seem fairly distant once you gave them the money to invest. After the Christmas break they set up a tier betting arrangement as they said the old trading way was not working out very well. I did manage to get back some money this week from one of the tier accounts (Platinum odds), this amount was very small though to what I initially invested. The guys I initially spoke with were Graeme Campbell, Charlie, but they vanished after December, then a guy by the name of Fred Stewart took over claiming to be the customer support rep, he would actually call you back, but still was not clear on any questions asked, and now you can’t speak with anyone there.

    Reply
    1. robert jelleff

      yeah it looks like l too have been scammed by lt solutions have had problems with emails and computer and haven’t been able to contact graeme campbell or director robert dayany help would be appreciated

      Reply
  23. Rick

    I Have been scammed as well over $6000 of savings which My wife & Had saved for Our 1st home deposit, signed up Dec 2013. I hope we can catch these scammers & recover our money, otherwise we’ll be stuck renting for another 10yrs.
    Thanks to anyone who can help.

    Reply
  24. Bruce

    They have now posted a notice on their website http://www.ezylaytading.com claiming the site has been shutdown due to a malfunction from a 3rd party feed provider.

    From reading the comments here, it is most likely a smoke screen.

    I too have done some coin here, people I have spoken with include Kevin Stowers, Andrew Bennet and Chris Jacobs. Mobile phones are just diverting to a message bank and hte help desk number does the same. Have recieved no email or contact from this company regarding the website outage / closure.

    Bruce.

    Reply
  25. martin

    Hi Admin; who runs this site; can you enable us “the lts lost’ to post our email addresses so we can communicate with each other. please reply to this on webpage so all will know, thank you ,martin

    Reply
    1. Admin

      Hi Martin, I run the website. I won’t publish personal emails here, for your privacy and protection. I will however put you all in touch with each other through group email.

      Reply
          1. Kuba

            Unfortunately I was one of us got by LTS . Please include me as well in the group to get any information on future steps .

            Kuba

            Reply
  26. Paul

    Hi Charles,

    I had a small test investment with then started in September, I also noted some odd activity with them and their website…..It appears the original sales people Chris Jacobs and Dean mention above did not come back after Christmas….I have also been contacted over the w/end via email from an associated organization SENTRYGAMING.COM who is claiming that the trading account has been frozen while the investigate fraudulent actives by the people managing the account… The email goes on quite a bit…. I have also been in contact with a ***** from LT Solution as late as this morning via email…..***** tell me he work in customer service for LTS solutiuon……I receive the the below comment via email this morning….
    “Paul,
    Everything is down pending enquiry noted in email sent to all clients on 21/2. As a legal requirement I can only use Email.
    ****”

    I have also called the Queensland FRAUD AND CYBER CRIME GROUP group this morning and left a message…..If you have details as to who is now investigating this, i would be happy to talk to them…

    Regards
    Paul

    * names edited by Admin

    Reply
  27. emmanuel

    It looks like a very carefully devised con, they have targeted clients of off shore betting agencies ( I suspect have bought some ones data base) they have mimicked theLayExchange and made a phoney site including bet number receipts ect and even sent sms messages like the betting agencies do to give the impression that everything was legit.

    Reply
  28. colin

    Yes looks like I have too!!
    The director is supposed to be Robert Day of 17 Saltash St Labrador and the others that I spoke to and have disappeared were Kevin Stowers, Chris Jacobs, and Charlie ? and Dean? but they all used different names from week to week.

    I suggest we all need to follow this up and have a meeting with the police.ASAP!!!!

    *edited by Admin

    Reply
    1. Andy

      I have a copy of Robert Day’s driver licence and medicare card. When I joined back in Feb 2013 I asked for photo ID of the salespeople I was talking to( Charlie Watson and Peter Moloney. They said they couldn’t because of company policy. I should have run a mile then. However they said they could send me a copy of the boss’s DL. I looked up the company on ASIC at the time and he was listed as the director so I went ahead. I would love to post it on a site so all the people who have been ripped off can see what the guy looks like. Anyway in light of what has happened, the ID may be stolen or fake anyway. I nearly pulled all my bank out last September when the account was not performing anywhere close to what they had promoted. Fred from customer service convinced me to stay in on a different betting strategy they had and it was going ok so I stayed a bit longer. After reading about all these people who were also conned since then I wish I had spoken up about my experience with LTS.

      Andy

      Reply
      1. J

        Andy, can you please send me the copy of Robert Day’s driver licence and medicare card? This is really important information! Robert Brian Day is an actual person. Have you gone onto the private forum yet? Please email admin@aussiescamalert.com to get my email address.
        J.

        Reply
  29. James

    I appeared to have been scammed by an outfit called Lay Trading Solutions .. Did some research on the company through ASIC …information on directors etc. before going with them. After Christmas they have Disappeared main contact no.s email etc . Gone…… One of their mobile no.s still active . They did open one a/c with ezylay trading which is active and is supported by bookmaking services . I’m very nervous about the set up … Any advice?

    Reply
    1. Carol

      Hi James,

      Very interested to know who the director of LTS is?
      What you have is described is identical to what another company called UK Home Based Business has and is doing. I wonder if its the same director as LTS.

      Reply
  30. Charles

    I have been scammed by Lay Trading Solutions recently. Others in a similar position have been scammed totalling over $3m based. No doubt there are more people who been ripped off. Other associated companies involved in the scam include EzyLayTrading, SentryGaming, VIPBet, to name a few. They operate primarily in the Gold Coast region and have been reported to Qld police who are currently investigating them. Please contact me if you have been scammed by any of these named organisations.

    Reply
    1. robert

      invested 160k
      investments grew but now site down
      ie thelayexchange.com
      who knows where the money is
      report to queensland police
      did this 1 month ago as i became nervous
      no luck
      site down money gone

      Reply
      1. Charles

        ezylaytrading.com and thelayexchange.com have now been disabled. I suspect they are destroying all evidence. Ensure the police (esp. qld) are notified asap of all details. Plans for both criminal and civil proceedings have commenced. Your reports will help build the case to incarcerate these criminals.

        Reply
        1. emmanuel

          I have been taken as well but always had a bad feeling about it, just kicking myself that I didn’t go with my instincts contact me if you require any information.

          Reply
      1. Anon

        Where you go from here is:
        1. File a police report – contact the admin here for details of who to send your report to
        2. Join the private forum – contact the admin here for details
        3. Make contact with the others in the private forum to see where to from here

        Reply
    2. Ross

      They (EzyLayTrading) got me too, although I was able to withdraw about 10% of what they got me for just a few weeks ago. Have the name of the woman whose account the money came from. The names who I dealt with were Kevin Stowers and Dean Collins. I will be filing a police report. Any ideas on how we pursue civil proceedings if they catch these mongrels? Feeling very stupid.

      Reply
      1. Anon

        Where you go from here is:
        1. File a police report – contact the admin here for details of where to send your police report
        2. Join the private forum – contact the admin here for details
        3. Make contact with the others in the private forum to see where to from here

        Reply
    3. Peter

      I also appear to have been scammed. No replies to messages left on their phones either with Ezylay Trading or LTS solutions.
      Where do we go from here?

      Very concerned,
      Peter

      Reply
      1. Anon

        Where you go from here is:
        1. File a police report – contact the admin here for details
        2. Join the private forum – contact the admin here for details
        3. Make contact with the others in the private forum to see where to from here

        Reply
        1. raemon

          my wife and I joined ezylay trading things were going well then everything went bad got the email from sentry gaming sent in our claim forms then got an other email saying they never received then sent them again with a request to let us know if they were received still no reply what do we do now

          rae

          Reply
    4. Darren

      Charles I have been done by layexchange.com to the tune of $30,000. Happy to provide anyone the relevant information required. I at least managed a $1,500 withdrawal in July last year. Small comfort.

      Reply
      1. Anon

        Where you go from here is:
        1. File a police report – contact the admin here for details
        2. Join the private forum – contact the admin here for details
        3. Make contact with the others in the private forum to see where to from here

        Reply
    5. Bashir Sumar

      I believe I too have been scammed. I invested $6K in May last year through Andrew Bennett, and now am denied access to my account. I have called LTS (Lay Trading solutions) as well as Mr Bennett but their telephones are not in service. Email requests for clarity have not been responded to.

      Reply
      1. Anon

        Where you go from here is:
        1. File a police report – contact the admin here for details of where to send your report
        2. Join the private forum – contact the admin here for details
        3. Make contact with the others in the private forum to see where to from here

        Reply

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