Tag Archives: investment scam

Trading Capital Partners

Trading Capital Partners , tradingcapitalpartners.com

This group run out of Melbourne, supposedly. The webiste is pretty light on for information, suggesting that it is a work-at-home scheme, managed risk and working with Options.

trading capital partners BS

Lots of fancy talk about what they do..but what they really do is……well, I can tell you after getting the sales pitch and contract that once again it is trading/betting in horse racing, although in the brochure they call it profit sharing with a large Australian corporate bookmaker. In the contrcat they call it lay trading. They reckon they have a 98% success rate and can make you a squillion (2.1% a DAY tax free) for your small investment in a licence of $9,999 (starter pack. Others go up to $49,999 ) Of course, licences are limited ( though they’re still trying to sell them two months later ).

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Goldencove Inc

Thanks to one of our readers, we have been alerted to this one: Goldencove , Golden Cove Inc, goldencoveinc.com

The website features pictures of luxury holidays and smiling, attractive people, while talking about how they will help implement your wealth creation so you can spend more time doing the things you love.

They say that every genuine enquirer will have the product explained to them fully, and that every staff member has high knowledge about the product. Why then, when I asked to have what they do explained to me, did the guy keep diverting the conversation to having a live ‘free’ trial? And why didn’t he know what the average odds of their selected investments were?

They go on about how they do Leverage Trading, as if they invest short term in equities, when the fact is that they are primarily doing lay trading in the horse racing industry. Talk about deceptive !

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Welcome to Aussie Scam Alert.

Here we try to expose scams operating mainly in Australia, but also some overseas ones targeting Australians. Not every business reviewed here is a scam. Some will be fine but are so closely associated with areas of mistrust that we feel it is in the public interest to review them. Please read our Watchlist if you can’t find what you are looking for on any of the other pages. The one you are looking for may be on our radar as one to watch out for. We can always do with information about any of the scams covered here, and also any ones that we have not heard about. Please help keep others safe.

Also, it’s worth having a read of Before you Invest – Invetisgate! 

All views expressed are opinion, presented in the general interest of the public. You should always do your own investigation and consideration of all facts and testimonials. If you would like to know about Why we operate, please read our About page.

We’ll leave you with wise words from ‘The Richest Man in Babylon’ . Take note of No.5 !

The Five Laws of Gold

1.Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.

4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

5. Gold flees the man who would force it to impossible earning or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Newmont Trading and PBX300

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.

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Classic ‘Glossy Brochure’ approach here.

I-Selections cold called me and then sent out a nice Glossy brochure with pictures of happy couples walking at the beach, on the couch and on their yacht.

Invetsment returns are shown for 2011-2012 over a twelve month period, where a $1,000 start bank grows to $39,422, plus ten cents!

The brochure starts by mentioning how maybe you feel like you are in a rut, going no-where, hitting potholes, you’re doing all the work and no-one cares. Well don’t worry because I-Selections care!

They stress that this is not a ‘get-rich-quick’ ,scheme, And they are not ‘ruthless’, except in getting the best returns……  You could ask, ‘for who?’

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