Update 3/6/2014: now also the program X360 ! x360.com.au
WARNING. Read all the comments.
Seems like Newmont Trading / PBX300 is a scam too. * also SX300 now as well…linked with Newmont Trading.
Offering amazing monthly returns, all done for you. Their website feature pictures of people relaxing on ther boats, etc. They have quotes to inspire you to be brave (and risk losing all your money with them) in order to live a life that’s free (of money). A dead give away that they are not smart investors is that they recommend opening a TAB account. Any smart investor/gambler knows that you need to search for the best dividends so you need many accounts with different bookmakers.
See this comment receieved about them in the Tell Your Story section:
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.
In addition to this, I have had another report off misleading dealings and false promises.This client was told he had ‘won’ several thousand dollars..but was required to put in 5.5k to get it..?? Then the contract he signed was different to the one they had proposed to him. Instead of his funds being spread between fees and betting bank, it all went to fees. On top of that the selections have performed rather poorly.
Be wary….be very wary!