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.
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
Update March 2019
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.