Although my overall experience with sports arbitrage has been very positive and profitable, there have been a number of companies I have dealt with which, frankly, conned me. Some losses have been small and just irritating, whilst others have been substantial and quite painful to bear.

Everything here is an expression of my personal opinions based on my personal experience, written not out of rancour but just to act as a warning to you to exercise caution.

Of late, there have been a large number of companies, mostly from Australia, which have been selling sports arbitrage software for up-front sums in excess of $5,000. There are numerous stories on the web about how these operations are cons – it’s actually so bad that the Australian Competition & Consumer Commission has released a warning which, unfortunately, seems to attack sports arbitrage itself as well as the types of scam described here.

There are some basic things to keep in mind to protect yourself from such a scam without losing out on the opportunities that sports arbitrage can give you:

1. If a company tells you that they will trade with your money or your behalf, DO NOT GIVE THEM YOUR MONEY. These operations are Ponzi schemes, it’s as simple as that. They will appeal to your greed by offering you impossibly large returns & they will suggest that you start by investing a small amount to give you confidence. Of course, you will receive some interest back on this initial investment because the end-game for them is to get a large investment before they disappear with your money.

Be careful; there are individuals who have lost as much as $50,000 to these types of scams.

2. If a company wants to sell you software for a large upfront fee, and uses high-pressure sales tactics to get you to make a decision, just back away. These companies make promises that are impossible to keep and they will make it sound as though they have software that does things that no other can do. It’s all lies and that’s why they want your money upfront in a big lump. If they were able to deliver what they promise, then they would operate a subscription service – it would yield more for them over the long-term if they deliver and it would give their customers the ability to cancel if they don’t.

Here is a curent list of known scams as desribed above:

***New Scam Alert***

A new breed of scams has recently started to surface; companies claiming to enable ‘auto-betting’ of your funds. The sites are very slick and very convincing, preying on the general public’s lack of knowledge and, of course, greed.

The most prominent of these currently is ‘Quarta Dimensio’

DO NOT BE TAKEN IN, THERE IS NO FOOLPROOF AUTOMATED METHOD TO TRADE ARBS; IF THERE WERE THEN THEY WOULD NOT NEED YOUR MONEY, WOULD THEY?

Other well-known scams:

* Kirkberry Pty Ltd http://www.kirkberry.com.au
* Draven Group http://www.dravengroup.com
* SportsSureWin http://sportsurewin.blogspot.com/
* ArbitrageUnion http://arbitrageunion.blogspot.com/
* ProActivtrader http://proactivtrader.co.uk
* STS http://proactivtrader.com/
* GoldNuggetInvest http://goldnuggetinvest.com
[GNI has now defaulted on clients funds]

* There is now an outfit calling themselves NewGNI
– same scam, probably the same people running it! http://newgni.com

* DT Platform http://dtplatform.com
* MGM Sports http://mgmsports.net.au/
* GSI Global Sports Investment http://globalinvest.com.au/
* Global Success Trader http://globalsuccesstrader.com.au/
* XFT Sniper http://www.xft-sniper.com/
* Baranstone http://www.baranstone.com and http://www.baranstone.co.uk
* TradeSmart Technologies http://www.tradesmarttechnologies.com
* Global Arbtraders http://www.globalarbtraders.com
* WTS http://www.wtsystems.com.au or http://www.wtsinvestments.com.au
* Rhodes Peninsular Investments http://www.rhodespi.com.au
* Oz Future http://www.ozfuture.com.au
* Spectre Trading http://www.spectretrading.com.au
* Spectre holdings http://spectreholdings.com.au
* Blue Point Trading http://bluepointtrading.com.au
* Cohen Strachan Investments CSI http://www.csiarbitrage.com.au
* AusSoft http://www.aussoft.net.au
* Globalsoft http://www.globalsofttechnologies.com
* Reevera http://www.reevera.com.au
* St Gallens Investments http://www.stgallens.com.au
* Suncity Equities and Investments http://www.suncityei.com
* Forbes International Trading http://www.forbestrading.com
* Pro arb Traders http://proarbtraders.net
* AFL Arbs http://www.aflarbs.com
* Standford & Associates http://standfordassociates.com
* Kinsealy Software http://www.kinsealy.com
* 247-Web.com http://www.247-web.com
* Sort Traders http://www.sorttraders.com
* X Software Solutions http://www.xsoftwaresolutions.com
* Profit From Differences http://www.profitfromdifferences.com
* Morgan Kemp http://www.morgankemp.com.au/

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180 Responses to “Scams To Avoid”

  1. bob lee Says:

    Are any current arb hyip sites honest and profitable?
    what about gni and sportarbs?
    why don t you start a private one? If you make your case of knowledge and honesty and promise 12% a month, it could happen for you

  2. Sam Says:

    Many thanks for the opportunity to “pick you brains”.
    My business partner and I have been researching the CSI arbitrage software. We appreciate it is expensive (probably too expensive) but have been forming the opinion that the site is quite sophisticated and the so called education we receive would be a short cut we were willing to pay for.
    Could you explain why you have it listed as a “scam”.

    Many thanks for taking the time to answer

    Regards,

    Sam


    • Dear Sam,

      Thanks very much for writing.

      Over the last 2 years I’ve had reports from several people who have been stung by this outfit. They used to offer ‘shares’ as part of their package to justify the inflated costs but that scheme seems to have busted some time ago. Now they have updated their website and made things seem more glossy, however there are items on the site that make it very clear to any experienced trader that these people have little or no experience themselves as traders, despite their ‘expert’ claims. One would think that their ‘professional trainers’ would be able to spot such glaring idiocies.

      There are a few outright lies on it too; the claim that the software has been 16 years in development is, at the very least, a massive stretch of the truth considering that online sports arbitrage has only been possible since 1998. They make claims about compound growth of capital, the sure sign of a company trying to pull the wool over people’s eyes…

      At the end of the day, if they had confidence in their software & training then they would allow customers to pay a monthly subscription rather than insist on huge a one-off initial lump-sum payment. The problem with that model, for them, is that people would stop paying the subscription once they realise that the software is sub-standard.

      By all means, you should take up their offer of a free trial and make sure you compare their data with that of other services. I did this and I know for a fact that their software is not worth paying for at all as it relies primarily on old data and many of the trades it displays are the result of errors rather than legitimate trading opportunities.

      In the unlikely event that you find that their data is 10 times better than the best of the subscription services then let me know & I’ll update my review 🙂

      All the best.

      Sincerely,
      Alan Seymour

  3. Lauren Says:

    Thanks for posting this.

    My poor mum was duped by these mugs. She spent her life savings on the program because she was mislead by the demonstrator who told her that the fee for the software was the only fee she’d have to pay. She had no idea that she would have to bet with her own money. She just didnt understand. Im in the process of contacting relevant government bodies to see if we can get some of her money back.


    • Dear Lauren,

      Thanks very much for writing.

      I’m very sorry to hear about your mum’s experience; these scammers have no conscience.
      I wish you the best of luck with your pursuit & would like you to report back to me what happens so that others may benefit.

      If there is anything I may do to help, please let me know.

      All the best.

      Sincerely,
      Alan Seymour

  4. Michael Says:

    Thank you Mr. Seymour for this public service.

  5. warren Says:

    r the “mugs”lauren is refering to, csiarbitrage.i am looking into them.but am getting colder and colder feet the more i google.has anyone else out there had bad or good experiences with these guys.
    regards warren


  6. Dear Warren,

    Thanks very much for writing.

    Yes, lauren is referring to CSI Arbitrage. I hope you haven’t been stung by them…

    All the best.

    Sincerely,
    Alan Seymour

  7. Dominic Says:

    Hi I have been reading your comments on here about CSI Arbitrage
    i have considered them as well but i also am looking at a company called Orange-Innovation where they call it switch Trading do you know or have you had any bad experience with company

    Regards
    Dom


    • Dear Dom,

      Thanks very much for writing.

      “Orange Innovations” is just another version of the well-documented scams. They are using the name “switch trading” so that anyone they contact will search for more information on this instead of “sports arbitrage”. They have written a few articles on “switch trading” which they hope will convince any searcher that they are legit.

      There is nothing new here except the names they’re using & I advise you to exercise extreme caution.

      All the best.

      Sincerely,
      Alan Seymour

  8. Bill Sadler Says:

    Hi was just reading through your website and noticed someone asked about Orange innovations, i have been approached by them the last couple of days and they are trying to sell me a package it all sounds great of course but it is a huge amount of money, has there been any updates from anyone who has any experience with these people. Is there anywhere honest that i can learn or be involved in this type of activity??

  9. Adhley Says:

    Hi Allan, have you used the software from orange? How are you able to tell which ones are scams and which ones are not? Do you get to try them all out? If so how can get a trial of oranges software before I buy?

    Ashley


    • Dear Ashley,

      Thanks very much for writing.

      If you want to get a free trial from Orange Innovations, then you need to ask them to give you one. If they refuse, then you should ask, or at least wonder, what they have to hide…

      All the best.

      Sincerely,
      Alan Seymour

      • Ashley Says:

        Thanks Allan, have you actually used the Orange Innovations Rhino Trader software yourself?


      • Dear Ashley,

        Thanks very much for writing.

        Yes, I’ve seen the software in action, thanks to a poor soul who fell for their marketing. It’s blatantly a scam in the same format of so many that have preceded it.

        All the best.

        Sincerely,
        Alan Seymour

  10. Michael Says:

    Hi Allan,
    Just wanted to thank you for having this site up and running – useful information on the net about scams is paramount. Orange innovations have just been pestering me and my girlfriend. They are REALLY pushy and this comes from an ex-cold call sales person (me).

    Good work!

    Mike


    • Dear Mike,

      Thanks very much for writing.

      There are lots of people a lot more susceptible to the con than you & I truly hope that the comments here will help them to hold onto their hard-earned money.

      All the best.

      Sincerely,
      Alan Seymour

  11. Campbell John Griffin Says:

    G’day Alan,

    Thank you for the info on this site. I have been pestered by Orange Innovations in recent days, even to the extent of an “on-line demonstration”, think I had better give it a miss.

    Regards,
    Campbell

  12. mallen Says:

    reading your material, i cannot see where CSI has scammed anyone….other than overcharging for software. Where are the complaints from people who have actually used the system and lost money? There are none. Yes, they have exagerated on their website, and they probably dont have the experience they claim…but that is MARKETING..not a scam. Show me the proof. Who has lost money from using the SOFTWARE. Anyone? No-one here. Stop your soapbox preaching and tutt-tutting and give us PROOF.

  13. Janez Says:

    Hello,

    Thanks Mr. Alan to write on this page. Im also trying to start with some arbitrage company. After searching by internet Im very disapointed about the expiriences with those companies.
    What do you think? Are there any nomrmal company with abrbitrage information?

    Regards,
    Janez

  14. Jason Says:

    Hi Allan,

    I invested with Forbes Trading in 2008. Unfortunately, my good judgement was clouded by greed and was swindled out of $13000. I made a complaint to the Qld police but have not heard anything since. I was wondering if you or your readers have updates on these scammers or any companies that have been brought to justice?

    Wish I had seen a website like yours 2 years ago. Keep up the good work.

    Jason


    • Dear Jason,

      Thanks very much for writing.

      I’m sorry to hear that you lost so much money to the scammers. The unfortunate thing is that the authorities seem to be very slow/unwilling/incapable of dealing with them. These outfits tend to operate for a few months, disappear & then rebrand themselves as they start again.

      All the best.

      Sincerely,
      Alan Seymour

  15. Steve Says:

    Hi Alan
    Through the lack of better judgement and a very smooth sales process I was jooped for $9,800 by Orange innovations. On a brighter note, it was with a syndicate of 4 people so the loss is minimized to $2,450 each. What stepped do you think I should take to try and get some sort of justice?
    The chance of me getting the money back are probably VERY slim, but I at least want to try, and hopefully it will get the word out about Orange Innovations.
    Thanks Alan


    • Dear Steve,

      Thanks very much for writing.

      I’m sorry to hear that you lost so much money to the scammers. The unfortunate thing is that the authorities seem to be very slow/unwilling/incapable of dealing with them. These outfits tend to operate for a few months, disappear & then rebrand themselves as they start again.

      All the best.

      Sincerely,
      Alan Seymour

  16. marios Says:

    Firstly i would to thank you for all this information.i am new in arbs.i used for a week the software Rebelbeting and it quite worked.i would like to ask your opinion.


    • Dear Marios,

      Thanks very much for writing.

      I’m pleased to hear you’ve been getting along well with rebel betting. The main problem with this service is the lack of bookmakers & the fact that they focus primarily on bookmakers that are very quick to limit traders. It’s a service for amateurs in that respect.

      All the best.

      Sincerely,
      Alan Seymour

  17. Steve R Says:

    Orange Innovations have now changed their trading name to Vista Strategies.


  18. Dear Alan,
    In the last few days I have been pestered by this company also. At first i was so convinced.. lucky my good friend searched online to find ur site. I’ll be sure to keep away from them. What was interesting to not was that they had their head offices in my State/City.. ie. Frome Rd Adelaide. Might have to pay them a visit for fun. But this time around they are asking for entry tier $16000. Sounds insane to me. And i thought i was ggoing to get to buy my first porsche.. oh wells

  19. Kevin Says:

    Dear Alan,
    I’m completely new to this and came across your site in my first research – refreshing to get some honesty!

    Have you heard of 100percentwinners.com and their software? They are offering a relatively small upfront fee and monthly subscription but I’d rather get a recommendation before stepping into this.

    Kevin


    • Dear Kevin,

      Thanks very much for writing.

      Their website makes some claims which I would consider lies. The rest of it is hyped up nonsense.

      Here is a report from someone who bought their software a couple of days ago:

      They claim to have extensively tested it with a group of ‘lucky’ beta testers, who the majority are apparently well into 5 figure bankroll range from a couple of hundred or thousand within a couple of months. Absolutely no mention of palps or limits on any bookie. They do mention the books that won’t take US customers, but of course, only after you buy the software and see the list of bookmakers.

      I had some ‘spare’ cash lingering around in a moneybookers account, and I knew I would be utilizing the ’60-day’ refund very quickly. So I thought, why not. Well, let’s just say its been 2 days and I’m already in the process of the refund. My experience with 100percentwinners:

      1. Constant disconnects from the main software ($149 USD + $19 recurring/mo), which, in turn requires you to re-enter your clickbank receipt number for verification. The thing is, once you do this more than twice, you get locked out for ‘multiple key usage violations’ or something to that effect.

      2. Every single arb I checked out was different odds than quoted in the software, their response is ‘you must’ve just missed the arb’. A company that says it uses ‘spiders’ (some fancy marketing word for scanning bookies) in realtime to acquire their odds, but I have seen arb’s up that ‘must’ve just been missed’ with the same odds for up to an hour. The software also only takes you to the main page of the books, then you go searching….

      3. You can upgrade to the ‘Super deluxe ultimate edition of amazement’ ($57 USD recurring/mo) which gives you sms alerts and access to their ‘arbfinder’ website. This is where the real ‘money makers’ are. I don’t think I seen once where the top arb was under 50%. I found some where the bookie didn’t even list the match, or one arb was listed and the match was over. That, or the odds were grossly misquoted, and their response is, you guessed it, that you missed the arb, but it’ll still be listed for hours.

      4. On their facebook site, anything negative will be deleted within minutes, and trust me, I tried. I’ve also seen many negative comments come in but be deleted on the next refresh. It’s amazing how much work they put into posting legitimate looking videos on youtube, their obvious self-made false review sites, their buy up of just about any url that has the words ‘100percentwinners’ and ‘scam’ in it. The list goes on and on.

      I hope that helps you with your decision!

      All the best.

      Sincerely,
      Alan Seymour

      • David hodgson Says:

        I want to thank you Alan – I too was being targeted by 100percentwinners and had seriously been thinking about investing in their system. However while researching the whole field of arbitrage I came across your site. I am now going to take it slowly and have ordered the book you recommended.


      • Dear David,

        Thanks very much for writing.

        I’m glad that my site has been helpful to you!

        All the best.

        Sincerely,
        Alan Seymour

      • Anthony Corte Says:

        I also tried 100%winners and asked for a refund after 3 days


  20. Dear Tchalla,

    Thanks very much for writing.

    Perhaps you could open a second account with Moneybookers for your USD transactions?

    I haven’t heard much good about Bet Angel; I think that it might have been useful when it had a very low number of users but its value to users diminishes severely as the number of users increases. Of course, the opposite is true for the people selling it 😉

    All the best.

    Sincerely,
    Alan Seymour

  21. David Ellison Says:

    Dear Sir

    Is LTC servises another SCAM ?

    Regards David


    • Dear David,

      Thanks very much for writing.

      Yes, it looks as though it is.

      All the best.

      Sincerely,
      Alan Seymour

      • Brett Says:

        Dear Sir

        Do you have any evidence,experience or further information that LTC services is a scam?

        This is a great site


      • Dear Brett,

        Thanks very much for writing.

        I don’t have any direct experience of using LTC’s services but the horror stories I’ve received from some people are quite upsetting and make it quite clear that it’s a fast track to losing a lot of money.

        All the best.

        Sincerely,
        Alan Seymour

  22. Theresa Says:

    I believe that Vista Strategies may now be under a new Company called Morgan Kemp Associates


    • Dear Theresa,

      Thanks very much for writing.

      I hope your warning helps to prevent more victims of their fraud.

      All the best.

      Sincerely,
      Alan Seymour

      • Anthony Says:

        Hi Alan,

        I too was scammed into Morgan Kemp, I was so gull able and it was so believable.. does anyone now know where or who they might be, I want to chase this up. and if possible i will want to prosecute.

        Cheers,
        Anthony

  23. Thomas Says:

    I would like to thank you Alan, and all the people who take time to comment on their experiences with these companies. I have been approached by Morgan Kemp and Associates over the last few days. Their system seemed mathematically plausible, but had a huge upfront fee for the software. Luckily I decided to investigate. Looks like I will not be giving up my day job.

  24. Graham K Says:

    Hi Alan,
    I recently posted a query on this site but it disappeared after a couple of days. Here goes again;
    I have seen many adverts here in Spain for a UK company called Sporting Arbitrage Ltd from Birmingham, England who appear to have a managerial tie-up with a firm called Milton Express Ltd. Any bad news about either of these firms please?


    • Dear Graham,

      Thanks very much for writing.

      I haven’t heard anything specifically about this company. However, after a quick look at their website & the claims they make, it is fairly obvious to me that this is a scam which is operated on a similar basis to others that have come & gone over the last few years.

      All the best.

      Sincerely,
      Alan Seymour

  25. Graham K Says:

    Many thanks Alan. I will steer very clear indeed.

    You do an excellent job.

  26. Graham K Says:

    Mallen’s comments regarding Mr. Seymour’s free advice is, in my opinion, uncalled for, and if I were not such a trusting soul I would wonder how he knows so much about the fact that there have been no other complaints etc.
    Keep up the good work, Alan. One only has to look back a little way to see that you have probably saved many people from being conned.

  27. Julie Says:

    It’s such a shame that there are so many dishonest people on and off line. I was duped into believing that I could earn extra money and it was not through greed that I had accepted their proposal and paid out a substantial amount of money for their state of the art software only to find I lost a lot more than I made. I am now paying my loan back to a lender and for what! A software which I no longer use because in the meantime it became infected with a virus and I lost everything connected to it. So be aware as I should have done initially don’t get involved with any arbitrage software companies where their representatives make outrages claims and promises so they can earn themselves a substantial commission for doing so. I thought I could get out of my financial situation and instead have dug deeper into a financial crisis. As a pensioner this loan will take me up to 8 years to pay off.


    • Dear Julie,

      Thanks very much for writing.

      I’m very sorry to hear of your terrible experience. Please tell us the name of the company so that others may be forewarned.

      All the best.

      Sincerely,
      Alan Seymour

      • Julie Says:

        The name appears on your listing as one of the companies and it is called XFT- Sniper
        I have nothing to show for it and still paying the loan off with interest each month.
        Had I received a full refund this comment would not have become necessary. Please be warned people think twice before you commit yourself.


      • Dear Julie,

        Thanks very much for writing.

        You have my sympathy & I hope that your story helps others to avoid your misfortune.

        All the best.

        Sincerely,
        Alan Seymour

  28. victoria Says:

    HI there, I have been searching yet have not found anything conclusive in relation to Vista Strategies and Morgan Kemp. Are they one of the same company? If so, is there any proof that Morgan Kemp have been acting inappropriately? I have been approached and I too have found myself stating it is “too good to be true”, however I cannot find any negative stance as yet. I look forward to hearing from you. Kind Regards


    • Dear Victoria,

      Thanks very much for writing.

      I have received several emails from people who, unfortunately, have lost money to both of these outfits. I don’t know whether they are related in terms of their ownership but their methods seem very similar.

      I urge extreme caution when dealing with them and would encourage you not to be blinded by greed or wishful thinking, no matter how persuasive & pressurising their sales tactics may be.

      All the best.

      Sincerely,
      Alan Seymour

  29. Steve McCann Says:

    Hi Alan I have been in contact with a company called Sporting Arbitrage Ltd, they are the European agent for a company called Milton Express and is run by a guy called Steve Kelly. Do you know anything about this company?


    • Dear Steve,

      Thanks very much for writing.

      A quick look at their site’s terms is enough to make me think that this can only end up in tears for anyone who invests with them.

      All the best.

      Sincerely,
      Alan Seymour

  30. Deb Anderson Says:

    Hi Alan, Have you heard any more about Morgan Kemp & Associates? I know somebody who has just invested $16,000 upfront for the software and they have been told that after a few months they should break even and eventually be making around $2000 per week, all by just “trading” via their program. When I contacted them to see if the program would be available to me, apparently they only had 850 “platforms” available and I could go on a waiting list as the campaign had closed, then miraculously a couple of spots became available because some people didn’t proceed but there is huge pressure to commit immediately as otherwise I’ll miss out. It all just seems too good to be true. Any info would be appreciated.


    • Dear Deb,

      Thanks very much for writing.

      I have received several emails from people who, unfortunately, have lost money to this outfit. The are using the same tactics as all of the other sports arbitrage-related scams discussed on the Scams section of my site

      I urge extreme caution when dealing with them and would encourage you not to be blinded by greed or wishful thinking, no matter how persuasive & pressurising their sales tactics may be.

      All the best.

      Sincerely,
      Alan Seymour

  31. jbarton Says:

    Hi Alan, I too have been approached by Morgan Kemp.
    For a large upfront fee, they offer an ArbFinder Service.
    The system maths look correct and their bookie sites look legit.
    So where is the catch from someone who has actually used it ?
    Dodgie bookies ? .. Uganda
    Gotcha bookie rules ? .. Tennis withdrwal and no payout ?
    Poor / Wrong / Changing arb bookie data ?
    Profit negating Transaction fees through Moneybookers ?
    So where exactly do the problems hide ?
    Thanks JB


    • Dear JB,

      Thanks very much for writing.

      The catch is overpaying upfront, by several thousand dollars, for low-quality & poorly maintained software. And not being able to get a refund when you discover that.

      All the best.

      Sincerely,
      Alan Seymour

      • jbarton Says:

        Dear Alan
        Many thanks for your reply.
        You are correct, Morgan Kemp are in the business of big ‘up front’ money.
        I have made use of the Christmas / New Year break to Google many, many Arb sites, and am now 40 hours wiser.
        I have found your site to be the most rational, balanced and helpful ‘business plan’ approach of them all.
        So thank you for sharing your experiences.
        I will be starting small, developing the required skills and gearing up over time.
        I will fill you in on progress after my first 100 arbs.
        Meanwhile a Happy and Prosperous New Year to you.
        Cheers JB


      • Dear JB,

        Thanks very much for writing.

        I look forward to hearing about your progress!

        All the best.

        Sincerely,
        Alan Seymour

  32. Wendy Arnold Says:

    Hi Alan, This is so not my field… but I wanted to ask you about a firm working out of Brisbame Australia, called OML….I recently visited my father (83)in NZ, and he was in quite a state, about what he had done, and what to do about it.
    Upon a few phone calls, he signed up ($8900) to receive a computer programme to predict winners in Sydney and Melbourne horse races.
    Then another $1000 for betting.
    He is completely computer illiterate… using the dial in service on the day of the race. Well his money is all but gone… and though I know he’s embarrased, I got all the information, and the remainder of the money saying I would look into it for him.

    And to forget about it

    Do you have any information about this company… I did find an article calling them a scam.
    I wondered perhaps him not being computer savvy was the reason he wasn’t making any wins.

    anyway if you could put any light on the company… I would be most appreciative
    yours sincerely
    Wendy arnold


    • Dear Wendy,

      Thanks very much for writing.

      I haven’t heard of OML before. However, your description of their mode of operation makes them sound exactly like the scam operations I know of that so many people have lost money with in the past few years.

      If your father paid by credit card, he may have some recourse from the card issuer; I hope that you’re able to get some money back from him, what an awful thing to go through at his age.

      All the best.

      Sincerely,
      Alan Seymour

      • Simon Sims Says:

        I have heard of this company. It’s actually called Olm not Oml. Olm pty ltd contacts australians and new zealanders via telemarketing from the qld gold coast where they are based. It’s a total scam, and unless you can do a “charge back” on your credit card ASAP, then the chances of getting your money back is zero. If you vist the Olm websites they actually state in the terms and conditions that no refunds will be given. The Olm website is http://www.olmptyltd.com

  33. Chris Humphrey Says:

    Dear Alan,

    I was approached by LTC Services back in September 2011. Initially they wanted 20,000.00 up front, but after thinking about it, and telling them no, they dropped their initial deposit to $10,000.00, and I was to pay them the balance later out of my profits. I eventually said no to this offer as well, but have now been approached again with the deposit going down again to $5,000.00.
    I am seriously considering doing it because I cannot see anywhere on the internet, anything negative about this company, and surely there would be something by now considering this software they are offering has been around for a while now.
    Please can you help me?

    Thank you
    Chris


    • Dear Chris,

      Thanks very much for writing.

      I urge you to be cautious; they have followed a similar pattern to other scams.

      All the best.

      Sincerely,
      Alan Seymour

    • daniel portefaix Says:

      hello chris
      i to have been approached by LTC Services
      could you tell me if you have gone ahead and purchased the program and if yes your honest opinion of it
      i am still unsure and not likely to go ahead but interested in talking to someone who has used the program
      regards

      Daniel Portefaix

      • Chris Humphrey Says:

        Hi Daniel,
        I haven’t gone ahead with the purchase, in the end it just didn’t feel right.

  34. Dean Alcorn Says:

    alan

    have you heard of LTC Services in melbourne australia? have you any feedback on their POD trading packages?


    • Dear Dean,

      Thanks very much for writing.

      A number of people have written after being sucked in by LTC Services; unfortunately this appears to be another scam.

      All the best.

      Sincerely,
      Alan Seymour

      • Dean Alcorn Says:

        alan i didnt proceed with ltc services. initially they wanted 20k up front for their software. in order to test out their bona fides i offered them $500 up front and indicated i would be happy to pay the balance from the profits of my trading. i also committed to minimum trade numbers so as to give them comfort that i was making an attempt to make a profit. they of course rejected this. they eventually reduced the upfront payment to $5k on that basis but in the end i smelt a rat and decided not to proceed under any circumstances


      • Dear Dean,

        Thanks very much for writing.

        Sounds like you made the right decision; it’s always a bad sign when a company isn’t confident enough in its product to offer a free trial.

        All the best.

        Sincerely,
        Alan Seymour

  35. Jerry Says:

    To Deb Anderson Says
    Hi Alan, Have you heard any more about Morgan Kemp & Associates? I know somebody who has just invested $16,000 upfront for the software and they have been told that after a few months they should break even and eventually be making around $2000 per week, all by just “trading” via their program. When I contacted them to see if the program would be available to me, apparently they only had 850 “platforms” available and I could go on a waiting list as the campaign had closed, then miraculously a couple of spots became available because some people didn’t proceed but there is huge pressure to commit immediately as otherwise I’ll miss out. It all just seems too good to be true. Any info would be appreciated.

    To all of you guys out there,
    I am one of the Morgan Kemp victim, I have paid 10,000 to them, the software never work, you spend the whole day with it to make 20 bucks.
    They will never return your phone call and I will update the information when you need to.
    Is there anyone who can help to get the money back???
    I am going to revenge …
    They are cheaters try to get your money.
    Be careful
    Jerry

  36. Jerry Says:

    Hi Alan,
    You need to add this in

    http://www.morgankemp.com.au/

    Thanks.
    Jerry


    • Dear Jerry,

      Thanks very much for writing.

      I’ve added them to the list. Would you care to share your story publicly to help others avoid similar mistakes?

      All the best.

      Sincerely,
      Alan Seymour

  37. Iain Ross Says:

    Hi Alan,
    Have you heard anything about the Z Code System? I am trying to work out if it is a scam or not.
    Thanks,
    Iain


    • Dear Iain,

      Thanks very much for writing.

      All signs point to it being a good way to lose money! Did you try it out?

      All the best.

      Sincerely,
      Alan Seymour

      • Iain Ross Says:

        No, the whole ‘limited spaces available, you need to sign up now’ line put me off. I decided to stick with arbing and have been trying out the various services.

  38. Jacquie Lalicz Says:

    Hello Alan
    I’ve been approached by LTC Services based in Melbourne Australia wanting a large upfront fee for their software, do you have anymore Information about them.
    Thanks
    Jacquie

  39. John Says:

    Dear Alan,

    Thank you for your good work. I am another victim … LTC Services is a big scam. Is there anyway we can stop these people by law? Can we get our money back?

    Thank you
    John


    • Dear John,

      Thanks very much for writing.

      I’m sorry to hear that you’ve lost money to LTC Services. Thank you for sharing this here, though, as it may help others to avoid the same mistake.

      If you paid by credit card, you should contact your card issuer – they may be able to help with getting your money back. I think that for the law to get involved you’d probably need to show that there are large numbers of victims before they’ll act.

      All the best.

      Sincerely,
      Alan Seymour

  40. brad Says:

    Hi Alan,
    i just wanted to drop a note to add to the growing number of digruntled LTC SERVICES customers. I too was suckered in to their guaranteed financial freedom slick sales pitch, to the tune of $20,000. i have been fighting with them since October 2011 to try and regain my money but to no avail so far. i have lodged a complaint with ASIC regarding LTC SERVICES, and i would urge anyone else that has been conned by these snake oil merchants to do the same. interestingly they are not licenced with ASIC as a financial adviser or service, however a quick glance through their brochure (or their website or yellow pages ad) would have you believe differently, as they consistently offer the prospect of future financial freedom. on these grounds alone I am asking ASIC to investigate further, and the more people that make noise to the relevant Government bodies, the more likely some action will be taken against these rogues.
    thank you for being a conduit for this

    • John Says:

      Good morning
      I have been in contact over the past week with a consultant from LTC Services regarding thier product . Since my last conversation with them I decided to so my own research and came across this site .
      They are very good at their sales pitch and they would make you believe you could make alot of money .
      Thank you for posting this , I hope you get the grubs that are responsible for you loss .

    • TB Says:

      Hi brad,
      I am in the same boat as you with LTC Services and was wondering what ASIC have said to you after lodging the complaint? I am in the process of lodging a complaint with ACCC and it would be good if all people who are fighting this company could some how work together to make a bigger impact.

      • Kim Kath Says:

        Hi their are another 4 people that I am aware of in the same boat having lost between $10K to $19K we are getting together to try and get a refund of our money. You can contact me on kimsboxofchocolates@gmail.com and I will approach them to see about us all getting together. Perhaps there will be power in numbers.

  41. Ann Jane Robson Says:

    Hi

    I was just wondering what the problem with LTC is it the software that doesnt do what its meant to do or is it the company itself.

    Regards Ann


    • Dear Anne,

      Thanks very much for writing.

      From the experiences of many people, it seems that the problems are both overpriced software that doesn’t live up to the claims made by the company and a company that provides little or no after-sales support and makes it extremely difficult (in some cases impossible) to get a refund.

      All the best.

      Sincerely,
      Alan Seymour

  42. FM Says:

    This complaint has by no means the intention to cause libel or defamation of LTC Services and/or its product POD Pro but rather is a statement of my true experience I have had over the last 10 months with LTC Services and POD Pro.

    After reading the well designed brochure inferring great growth with a small investment and watching a demonstration of the product POD Pro, I decided to lay down many thousands of dollars for the POD Pro product. It was only after I already paid the fee, and during the installation of the software, that the terms and conditions were displayed on the screen.

    Unfortunately, like so many times before, I did not read it in detail, clicked the button that agreed to the terms and installed the software – eager to realise the indicated benefits. And so I started, with the help of LTC Services, to use the software.

    Unfortunately, I quickly learned that you are only able to place small bets at the start (limited by the bookmakers) and that the xml feeds from the bookmaker databases into POD Pro, in many instances, was not accurate. So even though the software is working correctly, the information fed from the bookmakers was inaccurate. Many days would go by (and many hours spent) to try and find an accurate bet.

    If that was not frustrating enough, many of the bookmakers limit the amounts you can place to only a small amount or force you to make multiple bets that limited your ability to get any meaningful returns. Furthermore, I learned that many of these bookmakers also charges fees for moving money in and out of your account, limiting your flexibility and opportunities to place bets. So the prospect of good returns stated in the brochure quickly dwindled in my mind and I requested a refund.

    I was then provided with the terms and conditions again that stated that LTC Services is not responsible for the accuracy of the information that is displayed in their software POD Pro. My refund was refused and I had to take the matter up with the courts.

    Only 5 months later I received a court order for LTC Services to refund my fee. They still refused the court order and I had to get a warrant issued to seize property. Of course, when the Warrant Officer visited their registered office, it was only a rented meeting room with nothing to seize.

    It is now 10 months later, they still have not settled the amount as ordered by the court and have cut all communications. I have not used the software since that first month and have no intention to do so.

    So the nature of my complaint is that LTC Services has not obeyed the court order and all I ask is that they comply with the judgement from the court.


    • Dear FM,

      Thanks very much for writing.

      I can only imagine how disheartening it must be to find that even a court order in your favour appears not to help you.

      I hope that by sharing your experience here, you will prevent others from giving their money to these scam outfits – that’s the only way to shut them down.

      All the best.

      Sincerely,
      Alan Seymour

    • TB Says:

      Hi FM,
      Thanks for the overview of your experience with LTC Services. I too purchased the software and I have been fighting with them over a refund for the last few months. After reading that your legal action hasn’t resulted in payment, I am curious to know what ASIC or the ACCC have said to you about the complaint Have you lodged a complaint with them?
      I would really like to get my money back and move on from this experience, however if this is not possible I want to try to make sure that this company is not allowed to continue its scam and take more money from people. It is up to ASIC and the government departments to not allow them to keep a registered company and Australian bank account.
      Thanks
      TB

      • AH Says:

        Don’t hold your breath waiting for ASIC or the ACC to do anything.
        They are either grossly incompetent or seriously compromised.
        Victorian Consumer Affairs investigated AIC – this involved ringing the phone number given by AIC and taking their word that they were legitmate.
        VCC also said they are legitimate because they have an ABN.
        Funny thing is AIC International is run by the same guy who ran LTC Services which had hundreds of complaints reach the ACCC.
        The guys name is Sean O Dalaigh (check ASIC records) for both AIC and LTC.

        The ACC and Consumer Affairs have allowed these people to run false advertising campaigns on the web, lie in theri glossy brochures and ignore court orders for years without any action.

        Contact me – we are going after them – if the ACCC will not do anything maybe a bit of their own medicene will work.

    • Dennis Randall Says:

      Note to FM: I have a VERY similar story. Please will you contact me – maybe we can join forces and get some justice done. Alan – can you facilitate this?

    • Kim Kath Says:

      FM we have been trying to contact you after seeing your review on StartLocal we are 4 people looking for a way to get our investment back from LTC please contact me if you are interested in persuing this with a group for support.
      kimsboxofchocolates@gmail.com

  43. Jacquie Lalicz Says:

    Hi
    I too was approached by LTC Services, and even paid a deposit, only to discover POD trading is, or is close to sports arbitrage, and there are alot of much much cheaper options for software. I asked for my deposit to be returned – which to my surprise was returned, but took 3 or 4 weeks to get it back.

    I am so thankful I did not continue with them. I have now tried some sports arb trades, but do find it time consuming. I will however give it a go for a while longer. Sports Arbitrage is Definately not worth what LTC were asking for it.

    Jacquie

    • Anne McDonald Says:

      My husband and I paid nearly $20,000 for the Pod Pro program from LTC Services last year. What a nightmare. My husband is retired and i still work and we were wanting an income – no we are not greedy- to sustain us into our retirement. I gave this program 110%, often working as soon as I got home and into the early hours of the morning. I lost money not made money and again I say we were not greedy. My trainer was Alex Brown and there was always an excuse as to why I wasn’t getting further along. Numerous emails and phone calls. I cannot believe in Australia we have these people that want to rip other people of their hard eaarned money. My husband has worked from the age of 14 and I from 15. Now he is 65 and I am 61 and we have lost nearly $20,000.
      I have money in bookmakers that I dont want to bet with as I cam scared that I will lose that but what good is it if the bookmakers are in credit and I dont wager a bet! So totally disillusioned with the whole experience.

  44. Frans Says:

    Hi Allan,
    I am grateful to my wife who suggested that before going ahead with LTC Services. Because as a big “favour LTC ” is offering me a deposit of 5k only instead of 18k,.My friend suggest that I ask for at least two weeks trial, as the cost of the disk or the data transmission will not cost $5k. My request was denied by LTC . To triple check I found your website thank God!!!!
    I also notice in the Invoice, it is payable by Bpay or direct bank transfer, but no credit cards.
    Two years ago I had the experienced with shares trading software that cost me 8k. When I found out it was a scam, I was able to get my money back through my credit card, I am not sure if could get it back through Bpay or direct bank transfer.

    Thank you Allan for you website,
    regards

    Frans

  45. Johnny Kolk Says:

    Hi
    I too have been getting calls from LTC but luckily have not given them any money and my reserch found this info im reading from you.
    Can you suggest any companies that are ligit ?
    Cheers
    Johnny

  46. Jerry Says:

    Guys,
    The story is very simple. They struck you with the same story about share market lost billions of dollars, promise a small steady return and so on, show what the software is to convince.
    The software show you wrong odds all the time. You could not make $20 for the whole day chasing it.

  47. david Says:

    I went in and purchased the LTC software with another person and we have blown $20000 between us. I have spent considerable time for the last 4 months to make a total of $250 trading.

    Unfortunately, we have lost more through bookmaker fees and some mistakes on our behalf. Their marketing suggests that we would make our money back in a year!

    Just wondering if there is anyone who has had any success in getting a refund?

    • Paul Keys Says:

      I’m another LTC disgruntled member. I struck a guarantee with them that I would pay an initial $6000 and the rest if I made $15000 in the first 6 months with certain conditions. I sent them an email today , 1 month since I joined asking for a full refund, don’t hold out much hope though. Would be good to get all your emails and maybe those of us who have been duped can get together and maybe do something. I don’t have a gun but I do have some long rope…..!!!!!

      • Kim Kath Says:

        i am part of a group of 4 who are also chasing refunds contact me if you want to join us on kimsboxofchocolates@gmail.com. We are in the process of discussing the best way to go about chasing our money, ASIC, ACCC or our own lawyers. Love to have you come on board, strength in numbers

      • Anne McDonald Says:

        Hi I am with you……..I justposted my experience with LTC and I found the whole thing abhorrent and disgusting…………also time consuming and I have lost money not made money. Now they have closed down, no return calls or emails. Alex Browm and Tony Matern are dispicable creatures…….maybe not even their names……

    • AH Says:

      They shut up shop and started aic international.
      Same director (check ASIC reports) Sean O Dalaigh see comments further down.

      They will shut down AIC International once complaints start coming in and move onto one of the other 6 or 7 registered companies they operate.

      This is a complex scam that has been operating under the nose of the ACCC for years. They know of these people but allow them to continue with their false advertising, lying glossy brochures, false names and obviously false bank accounts and nothing is done about it.

      Well something is being done about it.
      Check out the website aicinternational.com and join the fight.

      We will force a resolution and we will force the ACCC and the State Consumer Affairs Departments to act. They are either grossly incompetent or seriously compromised and I am not sure which it is.

      Contact me.

  48. john Says:

    hi

    i was wondering do you know anything about Select Sports or IR Software
    they called me to get me invest in a betting operation that operates on traders putting bets on for you in your account based on mathematical formulas. they are asking for an upfront fee of 5900$ with the balance payable of $4000 when your account reaches $30000 in profit. Can you please tell me what you think.

    thank you very much

    regards

    john


    • Dear John,

      Thanks very much for writing.

      Everything about their offer, claims & prices suggest that this is a scam. I would not be surprised if it is being operated by the same people as the previous scams that are listed on my site.

      All the best.

      Sincerely,
      Alan Seymour

  49. john Says:

    thanks alan for the advice
    i was a little unsure of the promises made
    and the hard sell was convincing

    thanks again

    john

  50. Glenn Wilson Says:

    Hi i love this web site, and am very impressed in your work. I am from Sydney Australia, i was reading all this doom and gloom, and was wondering if you could point me in the direction of a company thats not a scammer, in Australia, preferably,
    Cheers Glenn


    • Dear Glenn,

      Thanks very much for writing.

      Your risk when trying out different companies is greatly reduced if they offer free trials & short (monthly) subscriptions with no cancellation penalties.

      All the best.

      Sincerely,
      Alan Seymour

  51. Paul Keys Says:

    hello TB & FM I to am in that same boat I have just sent them an email informing them that if I don’t receive a refund in 7 days then I will report them to ASIC and ACCC

    • AH Says:

      They do not care about ASIC or the ACCC.
      They just shut up shop and move on to their new company and carry out the same scam over and over and the authorities are too stupid to realise what is going on

  52. Paul Keys Says:

    hi guys I’m all for us joining up and seeing what we can do about this. my email is paulkeys@telstra.com for direct contact. I hope this is allowed on this site.

  53. Paul Keys Says:

    Thanks for that Alan, much appreciated.
    Paul

  54. Gary Says:

    Hi everyone,
    I was planning to get LTC podpro in next week or so. I am so glad that I have come through to this website. After reading all the reviews for other people here I am going to stay away from this mob.

    I really feel sorry for all those who are waiting for refunds and have been scammed by LTC and other mobs.

    All the best.

    Regards,
    Gary.

  55. Peter Says:

    Totally agree with all derogatory comments referring to LTC Services. They are a scam, and won’t follow up on any of their promises.

  56. Simmo Says:

    Oxford data service is a scam.

    • Ces Says:

      Oxford Data Service PTY LTD took $550 admin fee from me then said they would upgrade me to fully automated where I did not have to place the bets myself for an extra $2750 which I paid. They stated to me as I did not have a TAB account that they had placed bets with their company account which according to the TAB there is no such thing only individual accounts. After the first weekend they rang me saying that I had won $63 000 and needed to pay a release fee of $5500 which was a Tab and taxes release fee which again stated by the TAB (Tatts) there is no such thing as a TAB release fee. I could not afford to pay this. A call from them one week later stating I now have $101 000 dollar total that had been won and sitting in their account required a release fee of $5000 or so to release. I said I couldnt come up with that and they were happy to accept $1000 release fee. After paying them and sending the remittance they rang me back asking for account details for deposit of funds which after 1 week never occured. They had lied to me even after a week of phone calls with no replies I finally got a call saying that I owed another $1000 according to their records to release the funds. Legally they have to supply me with invoices and receipts which they have not and will not. I feel coerced with both little and false information supplied. No refunds are given even tho they say under certain circumstances who knows what they are, death maybe? I am put this in writing to scam watch and office of fair trading who also seem to have had other complaints and information regarding them. I have since had another person come foward also stating that they too have been scammed. He unfortunately lost a lot more. The more people that come forward and complain the more chance we have of shutting them down.

      • shaun Says:

        I too have been through an identical experience, basically word for word with Oxford Data Service Pty Ltd. Fortunately for me they only got the $550 start up fee out of me, after reading through their glossy brochure. Getting a phone call a week later saying I’d won $52000 on the previous weekend’s quinella selection sounded all good, until they asked for a TAB release fee of $5500 to be paid that day. However they quickly hung up when I asked for them to put everything in writing in an email, and also asked for a tax receipt for the $550 start up fee. They are a scam organisation that I thought only originated in countries like Nigeria. STAY AWAY FROM OXFORD DATA SERVICE!!!

  57. Paul Keys Says:

    I have had no contact with them for months, how do you know they are out of business

  58. Carla Says:

    Hi,

    I have been looking at a Lay Trading system with a Company called “Investment Software Solutions” which is claiming to be based out of Martin Place in Sydney. Do you have any idea as to their credibility?

    Carla

  59. min Says:

    The last conatct I had with them was 12 Feb 13 to cancel a training. now nothing..

  60. Rob Says:

    I bought this useless piece of software junk back in 2011, spent many hours on in with Alex Brown trying to fine tune the program and working out what I was doing “wrong”. Numerous calls and emails have gone on for the last year with many complaints from me.
    It has all dried up now, no emails returned and no calls returned. The program is now next to useless as most are 2way trades on a 3way trade site (some will know what I mean).
    All in all, it has been an expensive lesson for me, if it sounds too good to be true, it is!!
    Shame this site wasn’t around back when I bought it, I searched for ages to find some reviews….
    Ah well….

    • Rob Says:

      Ps, I bought thru LTC services.

      • Anne McDonald Says:

        I did too………………nearly $20,000 down the drain and I worked so hard trying to work it but just lost money plus the $20,000. LTC Services in Melbourne was vbisited by my friend who also invested in it. As you said Rob, all of a sudden the emails and phone calls dried up…………Alex Brown was my teacher as well, that is if it is him. Tony Matern was my friends teacher. Does anyone know him?

  61. Aido Says:

    Hi there, I have been bitten by the IR Software , Select sports. they are slick and they pull the hard sell. I invested $3,9000 I am usually very carefull but they are very convincing. if they call you, dont give them the time of day. The say they operate out of Sydney and work in the same office as Joe Hockey. they state they are backed by ASIC and they send this information which actually looks convincing.

  62. Derek Says:

    Hi Alan

    After unsuccessfully trying to withdraw money from Betklass, I have realised that they are not going to let me and are not even bothering to reply to my support requests. I have started checking ratings of bookmakers and found that they are one to stay away from. Unfortunately I have also found that very few of the ones that throw up arbs in arbalarm are recomended by bookmakers review. There are only 18 sites they recomend and there are only half a dozen or so of those sites that feature regularly in arb trades. I am worried now that I will not be able to withdraw my money from some of the other bookmakers I am using that are also not recomended such as Betway and Betclick which throw up regular arbs. Do you have any advice on which bookmakers to use? I can’t see how you could possibly find enough arbs just using highly rated ( safe) bookmakers.

    Rgds

    Derek


    • Dear Derek,

      Thanks very much for writing.

      I’m sorry to hear that you’re having problems withdrawing from Betklass but you don’t explain the circumstances. It’s unusual for a bookmaker to refuse a withdrawal unless they suspect foul play or, perhaps if you’ve accepted a bonus and not fulfilled their requirements before requesting withdrawal.

      Many bookmaker review sites are biased, usually negatively to all but those which pay for advertising. One reason for this is obvious, as the advertisers pay the bills. However, there is a reporting bias too as customers tend to be more vocal when they have a complaint than when they don’t.

      My point is that bookmaker ratings are not a reliable indicator for the purposes of sports arbitrage.

      All the best.

      Sincerely,
      Alan Seymour

  63. Jaime Says:

    Hi, I have been approached by “Oxford Data” and was wondering if you have heard of them? They claim they will be running the TAB account for me etc etc. I was all ready to pay the initial fee (and I am not a usually gullible person) when I found your site and was hoping for some feedback on this company…


    • Dear jaime,

      Thanks very much for writing.

      I haven’t heard of this company but if they’re suggesting that you place funds into a TAB account which they will then ‘run’ for you, I would urge extreme caution. Not only will they have access to the funds on your TAB account, but also from the source with which you deposit funds i.e your bank or card account.

      All the best.

      Sincerely,
      Alan Seymour

      • Mick Macgregor Says:

        Hi, I have been with Oxford Data for a year now, there initial promise of good returns has not come forth, they do send regular selections but the results just aren’t there. The thing that makes me very suspicious is that they claim i have a huge bank balance with them that i only need send a 10% clearance fund to receive the balance. sounds very “Scammy” to Me!

  64. Jaime Says:

    thanks 🙂

  65. Jo Says:

    Hi Alan. I have only just recently found ur site, while Inwas researching Lay betting. There seems to be some confusion over 2 companies. One is LTC and the other LTS – Lay Trading Solutions. They use a platform ezylaytrading.com. What do u know about LTS ? U do not buy their software, they place lays on ur behalf on their platform. Buy in is $10 000 ?
    Can u plse advise if you have been approached ??

    Many thanks. Jo


    • Dear Jo,

      Thanks very much for writing.

      I’m sorry to say that this sounds like a very obvious scam – you give strangers $10,000 to bet with, you have no legal protection and should not expect to see your money returned, let alone any profits.

      All the best.

      Sincerely,
      Alan Seymour

  66. Kirby Says:

    Hi
    Just wanted to add to the above request for info on Oxford Data. They are a MASSIVE scam!!! Will take you money to set up betting account. Tell you you have won but need more money to release the funds then disappear.
    They are run by an Aussie guy called Andrew Crinis who is also behind a few other scams including an active trader site and next gen site which are the same ones. They are running out of a “virtual Office” in Brisbane with fake names such as Jeff, Les and Ros. PLEASE do not give them any money. They look legit, brochures, websites, professional phone calls but they are a scam. They have gone to very elaborate lengths to cover their tracks with changes to forms in ASIC fake properties etc. Hopefully wont be free men for very long!

  67. Damon Says:

    Oxford Data Service is a straight up scam. There is no service whatsoever provided at all, they just take your money and ignore you. They use a virtual office with answering service that takes messages and will forward calls by potential victims to the scammers. We have found the guy behind it al is one Andrew Krinis and are getting closer to tracking this scumbag down. Would love to hear from anyone else that has been scammed by this guy or company.

    • Gavin Says:

      Hi All, we too have been scammed by these so called professionals. We firstly received their brochure (which we had received many times over the years) then phone calls. We did all the research, we had seen these brochures before years ago so thought OK well they have been around for a while so that has to be good, we checked ASIC and saw they were a registered company another tick and the phone numbers they gave us all checked out.

      We too were offered a reduced rate to get into their automated system. We were then told to collect winnings we had to pay the full amount. And then of course now all we do is leave messages with an answering service, who just keep saying there is no one available to speak with. In the yearly days we were passed through to “customer service reps” then we were passed to “the customer service manager” and then to the “finance manager” and finally the “CEO” , remarkably we have spoken with no less than 30 team members who all sound remarkably the same! We are guessing they have run out of names to give us.

      last time we spoke to the answering service we were told they are moving offices, apparently into Brisbane in Adelaide Street.

      We have reported these people to consumer affairs but of course they can not do anything as they will not respond to them either……

      We keep ringing even though we know it is probably in vein but we will keep trying. We will continue to chase this guy and his company until he can’t do this to anyone else

      • shaun Says:

        If anyone is interested in setting up a group to take action against Oxford Data, please email me directly shaun@mcpgroup.co.nz, they are now targeting New Zealand citizens. These guys need to be stopped, and hopefully locked up for a very long time.

    • Rob Says:

      Got ripped off. They take your money and don’t want to talk to u after that

  68. Gianni Says:

    Hi everyone I also received a brochure followed by a phone call every day trying to get me to join their betting scheme. Then after a week another peanut starting ringing and offered me a three thousand dollars up front joining fee and the remaining three thousand dollars after supposedly winning my money back ! Yeah right I’m not stupid ! It’s hard enough for most people to put a good feed on the table for there kids and we have scum bags like this trying to rip off people ! I own my own business and I get phone calls like this every week ! Over it ! I enjoy wasting their time in my opinion
    OXFORD DATA SERVICES IS A SCAM !!!!!!!!

  69. Steve Says:

    Hi
    I got brosure from LTC couple of years ago. Didn’t send any money to them. Last week I got another one call SANSAR connect. Someone heard anything about them?

    • Roy Says:

      I have already joined them and I have found a few new people who also recently joined. I am also in the process of getting full refund. The S-Trader software does work from my 2 month using it, but the service really sucks. The company service is so bad I can’t tell you how crap it is.

      Roy

  70. marc jones Says:

    what a great site. was looking into oxford data…not anymore. gotta love the internet. thanks alan.
    marc.

  71. Rob Says:

    Hi all,

    Just received a glossy brochure in the mail from GMS Pty Ltd, based out of Sydney.
    This looks very much like the whole LTC Services scheme, it feels just dodgy to me.
    I’m not going to touch this thing with a 20ft barge pole but just thought I’d put it out there for others to be ‘wary’ of it.

    Always remember the old adage, “If it looks too good to be true, it probably is!!”

  72. Isabel Daley Says:

    Hi Alan

    Thanks God I found your website. Oh well I’m about to invest in a company called Investment Software Solutions.
    I’ve been talking with one of their staff and to be very brief, they never ever promised to earn a lot of money, they were talking about to earn per week $400 to $1000 (to me sounds very normal), but the main thing is, I need to invest $8,000 to purchase the license, under this circumstances I told them that $400 a week it wasn’t enough money to cover my needs, “but, because of me they gave me an special deal of a package that cost $20,000 for $8,000!!!” (Wow how can I be so special for someone who just met me over the phone) and today my big surprise was that they sent me a laptop to do my trial until will decide if it’s convenient to invest or not. By the way I live on the Gold Coast and this people are based in Sydney. Could you please give me your opinion?. Many many thanks

    Isabel


    • Dear Isabel,

      Thanks very much for writing.

      This is a company pushing a ‘lay trading’ solution. $8000 is an enormous fee for this type of thing and the company’s tactics suggest a scam similar to the various sports arbitrage scams discussed here. I would urge extreme caution.

      All the best.

      Sincerely,
      Alan Seymour

  73. Isabel Daley Says:

    Thank so much for your prompt response Alan. I’m glad that I found your website.

    Have a nice day

    Isabel

  74. AH Says:

    Hi Alan
    I would like to hear from anyone who believes they were sold a bad product by any of the following companies AIC International, Synergy Financials, LTC Services, Hayze Technolgy, Epicentre Technology, S-Connect Systems, Sansar Connect, Cosgrove international or any other connected company.
    email address is support@aicinternational-complaints.com

  75. AH Says:

    All those people who were ripped off by LTC Services and now AIC International – ASIC records report Sean O Dalaigh as a director of AIC International.
    His address is LEVEL 13 UNIT 1135
    9 FERNY AVENUE
    SURFERS PARADISE QLD 4217
    He also ran Aspen which closed down under strange circumastances.
    Contact me at support@aicinternational-complaints.com

  76. AH Says:

    All those people who were ripped off by LTC Services and now AIC International – ASIC records report Sean O Dalaigh as a director of AIC International.
    His address is 5 PINE AVENUE
    SURFERS PARADISE QLD 4217
    He also ran Aspen which closed down under strange circumstances.
    Contact me at support@aicinternational-complaints.com

    If this is a false name then the ACCC who have had this man reported previously have failed to carry out any actions at all.

    • AH Says:

      Forgot to mention Sean O Dalaigh was also the registered director of LTC Services – yep they shut down LTC and started up AIC International. (and Synergy financials and cosgrove international and sansar and s-connect systems, and apogee solutions and epicentre technology and hayze technology and a few more) These guys are serious scammers
      We are moving against these people.

  77. Cody Says:

    Hey mate, I have a friend who just dropped $50,000 with Sports Traders Club, do you know anything about them.

  78. Lee Says:

    Hi Alan, great site for info by the way. I am brand new to this world and have started very small by doing bonus bagging, I was going to move into sports Arbing and was looking at mike cruickshank’s option as well as Rebel Betting among others. can you let me know if these two options are ok? as in not a a scam? Kind Regards Lee

  79. bob Says:

    I wish I’d seen this before I’d gone down this route. I foolishly got involved with winning express / Milton Express Ltd for their 3 month trial as a friend highly recommeded them. I realise now that was just to get the commission from me joining however. After the 3 month trial I didn’t see the promised returns so tried to withdraw my money. At first they kept giving me different timescales, now they don’t reply to my emails or answer my calls. I am losing all hope of seeing my money again. I hope this stops anyone else being as foolish and trusting as I was.

    • Steve Says:

      They are quite big on Costa Blanca in Spain with a local radio station doing the hard sell using voices of well known actors promoting the promised 2% a month return on investment, free cruises etc. Sounds to good to be true.

  80. Marc Says:

    Hi Allen,

    Firstly great site (sorry to be picky but i didn’t read all the comments as the writing is very similar to the background, maybe I’m just getting old).

    The reason I wanted to comment was that I work online in Internet Marketing and was looking at affiliate products to promote and came across a software called 100percentwinners being promoted on Clickbank, they had a free trial and I downloaded it and have been checking the results without betting and they are correct every time. Have you heard of them? Would you recommend them?

    After studying the software the only reason I can find not to try this is that wouldn’t the bookies be on to me straight away? I read on wiki that bookies can cancel your bet at anytime if they believe it to be arb betting, so if one bookie cancels then Id still have the other bets on which could go either way…

    Im based in Croatia but am from Scotland so none of the strict USA laws apply and my only experience with betting online is an account with paddypower (an Irish company I believe) where I’ve made the occasional bet when some extra cash was available.

    Anyway most of the info Ive found on Google is outdated by quite a few years so after seeing how you actually did this and have recorded everything very very professionally I thought Id ask you,

    Great site, Regards,

    Marc

    PS. Do you round up your arbs, i.e. 24.8 becomes 25??

  81. Derek lambert Says:

    Have you heard of Bank and Capital

  82. Alex Herbertson Says:

    Some of the Irish Boys have been arrested. LTC Services, AIC International, Synergy Financials, Sansar, S-Connect, Princept Trading. Contact us for more info and join us.
    email me at aherberston@hotmail.com

    Also Travis Burch of Oxford Data Services has been charged with fraud – unrelated to Oxford Data – but we can push that as well if people come forward.


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