Tell Your Story

Here is a place where you are invited to share your experiences and stories with others so that we can all learn and grow wiser.

Do not worry if it is not about any of the companies already mentioned. The wider our scope becomes, the better, especially since Scamwatch do not want to do anything about it.

 

43 thoughts on “Tell Your Story

  1. Matt

    Has anyone heard of Share Express, a part of Olive Financial Markets Pty Ltd. l notice on forums there is a growing list of complaints and concerns and was thinking of approaching them for investing. I also notice they through their financial arm Olive Financial Markets, have their fingers in many areas. From the number of growing complaints l personally see this as a signal to stay away from them and other linked branches and web sites if you wish to protect your money. Thoughts from others please.

    Reply
    1. admin Post author

      Hmm, yes, Olive seem to have some slightly questionable associations. Certainly warrant thorough research before any involvement ( as you should for any substantial investment, especially if asked for upfront fees). Could you direct us to any of the forums you mention?

      Reply
      1. Matt

        Yes have a look at aussiestockforums. I have just noticed a reduction in complaints about Share Exppress. I also notice one of their employees is a member. Ha ha. Its a bit like having an insider to report back on complaints etc. Interesting how it works, if that is the case.

        Reply
    1. admin Post author

      Yes. Seem quite dodgy to me. Wouldn’t trust them to handle my money. Don’t see why I shouldn’t just be able to invest their picks myself, and I guess pay them for next time if it turned out good. I can only think that they’d make money by not returning yours, or asking for some huge fee to do so. I don’t see that any information they have is in any way not in the general public realm.

      Reply
  2. Yvonne

    Noticed a:- Sophie Which stated “On 10/14/2015 we informed that you could claim a Woolworths Gift Card in worth of 50AUD.
    You have not claimed it yet. ( blah blah.) You can still compete! Click on the following link
    Woolworths Gift Card.
    The benefits are: . Online spendable. .Enjoy one of our free trial rewards
    . Use our link to find the no obligation entry.
    . All you have to do is complete the quick survey to claim your free gift.

    (Having just received the newest Woolworths ‘Rewards’ card, I thought – how lovely of them!!!) Just fill in your M/card No. & we will send out “Luminex” trial pack for ageing skin. It will only cost $1.99 for postage & handling. (Which I did!!??)
    Later, comes another email stating “as per the terms and conditions of this offer, we will send the try risk free for 30days. We will charge you a small shipping fee, you will also be billed 2 payments of $60.00. Unless you call us for return instructions……
    Making it virtually impossible to contact them I phoned my bank –Low & Behold a SCAM.
    They had taken out $1.99 immediately – I cancelled the card. Bank said I was very quick.
    Scam is from Ireland. This old ‘bird’ has been ‘done’ twice – 1st & last time.
    Thanks for letting me report this.

    Reply
  3. Bryce Richardson

    Has anybody heard of Active Markets Australia? They took $9900 from me for binary trading on a supposedly managed account, have now lost over $15000 from my trading account and they seem to have dissapeared into thin air!! Any ideas of how I can go after these scammers? Has anybody else had dealingas with them?

    Reply
    1. Leila

      Hi Bryce,

      I have had them call me several times recently (just last week Feb 2016), but I’m sceptical. Now that I have read this from you, I don’t wish to participate. I cannot trust they won’t lose money. I don’t know why they won’t show me figures that are more current. They only show 2013.

      Reply
  4. Mervyn

    Have invested 5k in keystone finance , they are on the Gold Coast Queensland
    And trade currency. My acc is up 10k however I cannot make a withdrawal and cannot get hold of them .
    Beginning to think that it is a scam , anyone out there have any dealings with this company ?

    Reply
  5. Stef

    Profitonlinebizz offered 2 businesses for 9900 managed for 10% of profits. Mark Davis was the rep who befriended me, A total scam. Also skillfully talked me into investing with Financial Freedom Australia as you have total control over your account and can withdraw profit and capital as you wish. A total scam. The fraud dept of my bank said that both accounts I deposited money into were totally empty. They froze the accounts which caused some aggravation to Mark. Poor guy! Beware any agreement that has mistakes in it and is not signed or does not have all the company details including an ABN or ACN.

    Reply
  6. babajuju

    hi everyone , just wondering if any body out there has info on TRP SOLUTIONS as we have been SCAMED , new to this kind of thing , am just learning about whirlpool , and being SCAMED , a friend told me to look you up as someone out there might be able to tell me what happens now , I KNOW $31000.00 IS A LOT
    ( MANURE HAPPENS) And we will never get it back , i just want the low life to have some karma there way . if anyone can help please do
    cheers baba juju

    Reply
  7. Matt Sam

    i joined “collecting profits” program mislead by their more than realistic advertisements and lost $200 instantly. This is a scam site with referring to fake people from Australia.
    Please stay away..
    Check for their helpline number..there is none.

    Reply
  8. Marilyn

    Hi does anyone know anything about JMI tech Pty Ltd, they offer Lay trading through Betfair. I have paid them money and am now unable to contact the one person I was dealing with. Their office and ph number is not correct on their website, i just looked for there website today and it is now “under construction”, apparently.
    Any info on this company would really be appreciated

    Reply
  9. nomsa

    i receive a call from Willaim Taylor it was 2013/10/10 explaing about they company and how to trade i took time to respond but he keept on calling until i deposit R26000 with them since then William is no where to be found they dont respond to my emails or call, i dont know what to do can we help me please or he can gave me half of my money.

    Reply
  10. Ali

    I have paid 26000 and all is gone you can email me so I can respond yours.
    They are MF lier and never will deliver what they promise.

    At the moment I have filed a complaint to police and chasing them.

    Please do not give your hard earned money to this people.

    Ask them for their location if you can and forward it to me as they have all wrong addresses on their website and they have no physical office. So pretty impossible to locate this bastards.

    So do not fall for it.

    If they can make money make for the self.

    Reply
  11. Bruce

    7 Jan/2014 i recieved the same call today, i have $38k in my TPG account. If i pay them $1700 they will send all that money to my bank. Same girl same phone number, i laughed and said it was a scam.

    Reply
    1. Bruce

      Here is the email i was sent,

      As per our conversation today, your accounts have all been combined into one account, the account number is 7244.

      To view your account visit http://www.tpgbet.com

      Once you have logged into your account click on ‘Withdrawal Request’ located on the top right corner. Fill out all the required information, attach 100 points of ID and click submit.

      There is currently an outstanding credit on your account of $1,700.00USD. Once the out standing credit has been payed off in full account 7244 will be released immediately for withdraw.

      There are no further outstanding fees or charges on account 7244.

      Once payment has been made please email a receipt of transfer.

      You can contact me directly on +121 7759 3138 Kelly said if i pay $1700-us i could withdeaw $38k-us.

      Kind regards, Kelly Moore Accounts TPG Bet

      Reply
    2. Wayne

      Received the same phone call this morning,

      I logged onto my account and it said i had almost 120K in my account ?????????/

      This is the email i received

      Dear Wayne

      As per our conversation today, your accounts have all been combined into one account, your account number is 6343.

      To view your account visit http://www.tpgbet.com

      Once you have logged into your account click on ‘Withdrawal Request’ located on the top right corner. Fill out all the required information, attach 100 points of ID and click submit.

      There is currently an outstanding credit on your account of $25,290.00USD. Once the out standing credit has been payed off in full account 6343 will be released immediately for withdraw.

      There are no further outstanding fees or charges on account 6343.

      Once payment has been made please email a receipt of transfer.

      You can contact me directly on +121 7759 3138 or feel free to reply via email.

      Kind regards,
      George Byron
      Accounts
      TPG Bet

      Reply
    3. Alan Philip

      I did receive a call too, and the exact same email but my account was owing only $800 so I gave it a shot.
      They said i had 14,200 i ended up receiving only 13,500 !

      Reply
      1. Admin

        the above comment is under review. The email address supplied bounces. I will put it in the HOAX category for now until I receive more information.

        Reply
      2. Don

        Hi Alan, I have recieved a similar letter too but a much larger sum, did you have to pay money into a Cyprus Bank? How long did they take to pay? Don.

        Reply
  12. Phil

    BEWARE! Newmont Trading, aka PBX300. These guys managed $4450.00 out of me not long before Xmas with the promise of a horse racing computer programme that doesn’t fail (yeah right). They run a pretty convincing looking operation. They have a good looking website and they start out with sales rep personalised phone calls followed by a mail out of their pretty brochure which includes information on how it supposedly works and even printouts of past successes and of course, promises of a better life. Then they come at you with follow up calls. They don’t offer a 100% return, just around about 46% win rate, based on their 5% investment value per bet against money you put into a TAB account. According to their stats over time your account will build allowing you extreme monthly returns. It’s all detailed in the brochure. They even offer you a personalised customer care service rep to run your TAB account for you so you can just sit back and let your money grow (NOT TRUE!). The two separate phone numbers you get given, 07 5509 5185 and 1300 686 238, one for reception the other for your own customer service rep, both lead to the same girl at the front desk who dodges and ducks at every question. The customer service guy i got (Michael), also happens to be the company financial director (whatever) and goes by the name Terry as well. Although he assures me they a different people. They sound suspiciously, exactly the same. Maybe it’s his alter ego. Two of many I’m sure. Suffice to say I fell for it and had a pretty dismal xmas for me and my son. I wish I could get hold of people like this. All I can sort of ascertain from info provided is that they are in QLD somewhere, I think. Could be wrong.

    Reply
  13. James

    My daughter contacted a cleaning company online called Bondcleaners.com.au
    They were to carry out a clean on her apartment on a certain day but when the time came they did not show. They do not have a phone number you can call, all correspondence is by email alone. They also give you an online quote that must be paid up front.
    When my daughter contacted them by email they informed her that they had to cancel her clean as they had an emergency cleaning job come up. When she asked for her $300 back she was told that there is a $200 cancellation fee even though they were the ones who cancelled. They told her that they sent her a text message (which she never recieved as then she would of had a number to return call).
    She asked for $100 to be returned but they informed her that she had to pay the $200 first before they would refund the $300. (I know, its ridiculous).
    They have not refunded any money or contacted her further.
    This company is a scam and everyone needs to be advised not to contact this group.
    Firstly to not even have a phone number to ring should warn people away but unfortunately the young are sometimes all too trusting.

    Reply
  14. Wayne

    I received a call from Laybet Professionals – a guy calling himself Gary ran a demo by taking over my laptop. He stated the system selects a winner (meaning a loss) once every 46 races. As the recommended odds range was approx 8 to 12 this meant that I would be well in front over time. After using the system for 1 week the system performed in line with random selection of horses (for horses 8-12 to 1). Over hundreds of races in Australia & UK my loss ratio was approx 1 in 9 (not 1 in 46 as promised) & I finished the week with a $40 loss based upon $5 lay bets. I declined to purchase the product. I can only assume the product is a dud & that is why they sell it. My natural suspicions were confirmed by the trial.

    Note: For the novice – a lay bet is a bet to win money on a horse that does not win the race.

    Reply
    1. Admin

      Thanks Wayne,
      how did you manage to get a week’s trial?!
      Suprise ,suprise..at average odds of 9:1 , they lose 1 in 9. Betfair markets are very accurate, and very hard to find an edge over.
      They have nothing to base their claims of 1 in 46 on.

      Reply
  15. Robert

    They rang me and i asked them did they know your site he didn’t at first but he put it in his browser and then told me i know them they are a scam. He told me you were from Singapore and ask the companies on your list for $5 to take them off. I told him that was rubbish and he hung up.
    Regards
    Robert

    Reply
  16. Gerry

    I see you have 1Wealth mentioned on your site…..I reported them to ASIC a few months back as they were harassing a few people I know. Anyway, ASIC did phone me and said they were concerned that 1Wealth didn’t have an AFSL (who gives a toss about that really). Then I got a formal letter from ASIC saying they have insufficient evidence of a scam and won’t be taking any action…and yet when I look up their FIDO section it fits all the criteria of a scam. I’m guessing ASIC couldn’t be bothered hunting them down, too costly an exercise for no financial reward. You’d have to be nuts to hand over $19K to some crook you spoke to on the phone…surely we’re smarter than that by now.

    Reply
    1. Admin

      yeh, maybe if they Looked, they might find some evidence. Surely the amount of suspicion and complaints would warrant a look.

      Reply
  17. Helen M

    Have just had second call from some guy in Hong Kong wanting me to invest in his gambling scheme called bachmann group, wanting me to invest $200.00 and they will place bets for me on events that are a sure thing and I will never loose my money, they will just take 15% and pay me 85%. After telling him I was not interested several times I ended up hanging after telling him not to ring again as I am not interested in his obvious scam. I was caught 4 years ago in a horse racing scam on the Gold Coast and will never be that stupid again, I lost $2000.00 then, I have learnt my lesson well and will not give the parasites another cents. This company is obviously affiliated with Gold Coast company as they knew I had lost money and how much and they were going to be the nice guys and get it back for me, yes right how dumb do they think you are.

    Reply
    1. David

      Have also received phone calls from a Tony Peters in Hong Kong with similar assurance that he will retrieve money I have lost on previous scams. I asked him to email me details of his company and scheme but 5 days later have not received anything.
      Also received a call from a young lady name Kelly Moore of TPGholdings.com stating that they have taken over the previously failed Cybersportsbet.com with whom I had an account through Accord Professional Group and was never able to withdraw my winnings and, to my knowledge, had eventually lost everything in my account. I was surprised to be told that I have a balance of almost $13,000 in my account but before I can access this money I must first pay fees of $1556.00 to their account in Nicosia, Cyprus in the name of WSB Group Ltd. At least this lady has sent me emails and provided me with a phone number to call her back but the number (+12177593138) does not look like it is in Australia so I won’t be making any calls in the near future, or sending any money until I am convinced all is legit.

      Reply
      1. Admin

        I assume that is in relation to Bachmann Group? They keep calling me and never can supply any proof, not even any selections they have made for their trades. What kind of record keeping is that!
        And fees of $1556! Who ever heard of that, apart from scammers. TPG have plenty of bad press.
        Bachmann Group tried to call me four times in a row last week..each time with adifferent country code prefix.. +1,+49,+77,+31. Who knows Where they are…

        Reply
  18. david

    This is another Stacy Potts effort . His other vehicle for scamming was Investment Software Solutions. But he ran into a lot of trouble with that scam after a multitude of people got wise to him. He most likely is not using his actual name on this scam. But trust me its a scam! Dont give your money to this cretin. If his emails to you have spelling mistakes in them and bad grammar its definitely him! He may be calling himself Mark

    Reply

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