The ATP variations

The Association of Trading Professionals,

The ATP / The ATP Australia

associationoftradingprofessionals.com.au

theatp.com.au, theatpaustralia.com, atpaustralia.com

Achievement Trust Prosperity they spout, sometimes..depends on what other ideas they can come up with for their acronym ATP.

These companies morphed out of Winchester Securities and Global Income Solutions. After Winchester Securities folded, they became Global Income Solutions. Then they seem to have been bent on persuing this theme of ATP .

All the websites were virtually identical ( only theatp.com.au is up now) . They even had the same testimonials with the names of the company changed. They were selling trading packages in Forex, Gold and Oil, with hefty licence fees charged to get started. From reports on various forums it sounds like they didn’t perform too well. They had common Directors and shareholders, were Authorised Representatives for the same companies for their Australian Financial Services Licences, and not to forget, had offices on the same floor of the same building. (also where TradingIT are as well. And read ditto for their Directors and AFSL licencees).

So, if their strategies were so good, what happened? They seem to all have moved on to the next morph. I wonder what happened to their clients that paid all that money for the services. This is one of the main things to be wary of with these companies that freshly set-up all the time: where will you be if they decide to close up, again?

There’s two excellent articles about one person’s experience with The ATP, and dealing with ASIC over the consequences, over here at Lost For Words, lost-for-words.net

Web chatter..while it’s still online:

http://www.complaintsboard.com/complaints/theatp-real-scam-and-fake-checks-c708781.html#1506546

http://www.ripoffreport.com/r/the-atp-australia-achievement-trust-prosperity/brisbane-/the-atp-australia-achievement-trust-prosperitynbspatpnbsprip-off-dudes-not-to-be-tru-1149016

http://www.ripoffreport.com/r/The-ATP/Sydney-Other/The-ATP-The-ATP-Achievement-Trust-Prosperity-Negative-120-ROI-in-under-3-months-Great-1136620

http://www.scamorg.com/trading-it-atp-atpartnerships-26

http://www.scamorg.com/oracle-fx-plus-pty-ltd-57

http://www.complaintsboard.com/complaints/association-of-trading-professionals-watch-out-c659502.html#c1376309

http://www.justanswer.com/australian-law/8ksv9-36-month-agreement-firm-trading-gold-silver-oil-dax.html

Beware, they may be calling you with the next incarnation…

 

If you have any experience with these companies, please email us at admin@aussiescamalert.com

 

 

 

 

 

46 thoughts on “The ATP variations

    1. Linda

      Charlie, I dealt with a Grant and Jamie from Real Wealth but it looks like David Orth bore the brunt of their collective, deceptive actions. I would hope they were at least questioned by ASIC.

      As for the ATP scammers, they got away with it because the buck eventually stopped with AFSL holder Audrn. The directors of this corrupt venture also got away with it. Turns out that one of the Audrn directors resides in China and Australian authorities don’t have the power to pursue him. Audrn’s address was a suburban house in Adelaide and investigators couldn’t track down the other operators despite their best efforts.

      I made a loud point about the ATP in my submission to the Royal Commission. It’s too easy for unscrupulous financial companies in Australia to grab other people’s money, run, and get away with it.

      Reply
        1. Linda

          I haven’t had a response, Charlie and don’t expect to. They have received 7214 submissions (and counting): Banking 64%. Financial Advice 10%; Superannuation 10%.

          I intend to turn my submission into a letter to ASIC and also a blog. These days, the internet is a helpful platform to keep important issues alive that governments don’t want to deal with. Although Royal Commissions give people the opportunity to tell their stories, they are often deemed an exorbitant waste of time and money when governments of the day fail to implement key recommendations.

          The current government (and opposition) behave like an overgrown, contemptuous royal family, so it will be interesting to see what they do with the recommendations.

          Reply
            1. Linda

              Thanks! Most appreciated.

              Would it be ok if I made reference to this site and some of the findings posted by people in this group who have been ripped off (without mentioning any real names apart from ATP and Real Wealth, of course).

              Mind you, David Orth has been publicly busted by ASIC, so I will mention his name quite loudly, and include allegations of him pulling the same, insidious strings under the cover of new frontline fraudsters.

              I also noted a post about the under-resourced QLD police being very interested in pursuing fraudsters who keep getting away with it and who reinvent themselves in the finance industry to continue their business as usual ‘shark attacks’. (I empathise with Australian police after working for SA Police in a civilian role in a past life.

              If anyone has anything they would like to contribute to my blog, feel free to email me: scribe@lost-for-words.net. It won’t be an overly long blog, but it will pack a punch or three.

              I’ll aim to get something together by the end of next week. Busy finishing a couple of projects at the moment.

              Reply
                1. Linda

                  Hi, I have published my article: ‘Wrong Road to Real Wealth’ on Linked In and will also be publishing it on a couple of other platforms including Medium and my website, which is still a work in progress. It’s longer than I originally intended but in this case, everything I have written about needs to be said.

                  Which link would you prefer on this website?

                  Reply
                    1. Chris Willmott

                      Please publish the links, I’m on Linkedin, but with limited information on my personal side, just professional info

                    2. Linda

                      Hi, I have just published my blog on http://www.lost-for-words.net. I’m a self-taught work-in-progress when it comes to websites and look forward to paying somebody one day…ha ha. Slowly but surely I will publish it on as many other platforms as I can find.

                      I have also received a hugely insightful email with more information about these gangsters and will be preparing Part 2 of Wrong Road to Real Wealth in coming days. This story will not go away. By the time I’m done, there will probably be a free e-Book to pass around, and perhaps even a screenplay.

      1. Chris Willmott

        I dealt with David Orth, as the “boss” as he was referred to. I also dealt with Grant, I even have his signature on paperwork. Grant must have been a little naive at the start, because when he visited me at home to do the paperwork, he disclosed he grew up in Durack, so a westie boy educated in petty crime, tries to go uptown. FAIL!!

        Reply
  1. Linda

    The Royal Commission into misconduct in the banking, superannuation and financial services industry is still accepting submissions. The online form also enables you to provide the Royal Commission with other comments including your views on what changes you would like the Royal Commission to recommend.

    I have submitted my account of being grossly misled by Real Wealth regarding a self managed super fund, and how their counterparts the ATP got away with ripping off many people, despite the best efforts of the Ombudsman’s office to investigate and recover monies owed.

    Please share your stories with the commission, as all submissions are recorded, reviewed and used to inform the Commission’s work.

    The web address for submissions is: https://financialservices.royalcommission.gov.au/Public-submissions/Pages/default.aspx

    Reply
    1. Lisa Smith

      I have also lodged complaints about David Bertram, now running Smart Solutions Group. How can an ex-bankrupt advisor, who was led Sentinel (now in liquidation) be allowed to be a financial advisor?

      Reply
      1. brad

        this guy David Bertram been doing it for years. was part of wealth sure and went bankrupt.
        no idea how smart solutions group is able to operate.

        Reply
    2. Ex-Dover Advisor

      Looks like we had a fall out from the Royal Commision with Dover being closed down. Dover’s 400 advisors now looking for a new home. Not sure what Dover did that was so terrible, seems like it was all about their “client protection policy”

      Reply
  2. Paul Jones

    Real Wealth has now morphed into “The Advisory Firm.
    http://www.theadvisoryfirm.net.au/

    Same street as Real Wealth, Same PO BOX address, one director of The Advisory Firm was the sales manager of Real Wealth, They consolidate super just like real wealth did….. Fool me once, shame on me, try and call me up and sell me a second time and go screw yourself!

    Reply
      1. Chris

        Finally, got the bastard, still won’t see any of my money I’m betting. Oh well, that’s what the pension is for I guess. If the Federal government want to reduce the social welfare bill in this country, how about manning up, growing a set and coming down hard on these low lives? Or even better, make it damn hard to get into it in the first place. I mean seriously hard, seize and sell assets to repay those affected, not at auction to the lowest bidder. Decent jail time, not 6 or 10 months in a minimum security farm stay. Make them HURT!. Wonder if they seized David’s Audi S5?

        Reply
      2. Linda

        Thanks for the update. Criminals like Orth should be tracked and busted when they attempt to set up another scam business fronted by co-conspirators. Orth’s $400,000 donation to the financial literacy fund is inadequate. After the unacceptable outcome with ATP last year, despite the best efforts of the Ombudsman’s team to bust them, I ran out of energy to take it further.

        But since receiving these updates and learning that Orth has finally had his day with ASIC, I now intend to pick up from where I left off. Sadly, Australia is run by professional, silk-suited sharks these days, but at least the rot being uncovered by the bank royal commission is reflecting very badly on the ministers who said it was an inquiry that Australia ‘didn’t have to have.’ What a bunch of denialists.

        The Feds need to reform current laws that limit ASIC’s powers to pursue the ones that keep getting away, and enable them to throw a much bigger book at shiteheads like Orth. I met him, too, and sensed something shifty about him. Unfortunately, I was experiencing a vulnerable phase in my life and simply needed help to set up an independent financial plan. Lessons learned. We all deserve our money back. I look forward to learning more about the financial literacy fund. I wasn’t aware of its existence.

        Reply
        1. admin Post author

          Might be more helpful if they used a small slice of that to help fund this website! Probably could get a lot more good information out in a much more economical fashion!

          Reply
        2. drew

          he is also tied up with holzworth partners. that guy mark holdzworth is the same mark who owned indexinvest.com.au they are licensed through zenith, who david orth was as well. looks like they have more than one front of companies.

          Reply
    1. drew

      someone should let asic know, clearly they have re badged – david orth would have people now as the front, now that he has been banned. david orth been doing this stuff for years forex/gold super the whole works.

      Reply
  3. Linda Summer

    Hi, I was scammed by ATP and Real Wealth. I lodged several complaints with the Financial Ombudsman Service about ATP and they did an excellent job. The Audrn Group were pursued in relation to membership money paid by many unsuspecting investors like me but FOS was unable to contact the directors, one of whom resides in China. Audrn had their licence revoked by ASIC in Sept 2016 and FOS reported them for misconduct. I am drafting a report for ASIC and a number of smarmy career politicians to question why they allowed finance sharks to sell investment packages to SMSF clients which enables super funds to be gambled away. My understanding is that it is illegal to use superannuation money for gambling purposes. Trading is a form of gambling, is it not? I couldn’t find anything untoward re ATP and Real Wealth on the internet at the time I made my most foolish decision. Now I am using the experience to help other decent Australians from befalling the same fate. Keep up the good work with Aussie Scam Alert. Tally ho! Linda.

    Reply
  4. Carol

    I was cold called by True Wealth yesterday asking for huge amounts of money to invest in Forex and other short term investments with returns up to 9%per MONTH! Too good to be true! I am really concerned about the privacy leak that gave them my phone number and email address and current post code that has only been pertinent for 6 weeks.

    Reply
    1. Ross

      The fact that Darren Pattison’s wife is listed as a shareholder in The Opulen Group (Jamie Pattison nee’ Digby, ex-CEO of Darren’s old scam entity Global Income Solutions) links him to The Opulen Group, registered on 04/03/2015.
      True Wealth is likewise connected to Darren Pattison. The MD of his entity TradingIT (Paul Charles Willis) was appointed Director of True Wealth on 30/09/2014. Darren’s dad Maurice was listed as a shareholder in TradingIT. Ex-Winchester Securities/ ATP and then Trading IT salesman Gerald Goodwin (Ged) works in sales for True Wealth as well. New ABNs, same gang.

      Reply
      1. Chris

        Ok, I was dealing with a mob on the Gold Coast (naturally) called Real Wealth, run by David Orth, who I actually met in person as well as his associate, Grant Millar, somehow my money ended up going through HUb24 and then Trading IT which I had never ever signed any documents for. Not say Real Wealth is dodgy (yet) but due to their association, by proxy, to Trading IT, I’m guessing all ain’t good in downtown Ashmore. Call me cynical…… or call me burnt and seriously out for blood!!

        Reply
          1. Chris

            Gee, there’s a surprise. And he tried to stop me closing my dismally failing accounts with Hub24 and Trading IT, gee, can’t imagine why…. No matter, it’s all in the hands of the fraud squad now.

            Reply
  5. Philip

    Hello Administrator

    We have been hassled by the same people just recently. We had the man on loud speaker and he was the same guy from ATP defiantely. This time he used his name as Mick and last he used Rick or Richard. Sounded european when we asked if we could come and see him he said he will get back too us……..has not rung back…..

    Now calling themselves True Wealth Pty Ltd

    Reply
    1. Chris

      Again, another surprise?? NO!. A little bit of research with the aid of certain people, Admin and others has turned up a paper trail link to, oh I dunno, how many of these scam “companies”. I have forwarded my info as well as other info to QPol. They were VERY interested in the links. I asked how come they hadn’t found the link. As per usual, a $20 dope deal on the street commits more resources than a million dollar white collar crime. The Cyber Crime group simply doesn’t have the manpower allocation to do what we are doing. People, they need OUR help with HARD evidence to shut these pricks down.

      Reply

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