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SCAM ALERT! – Please read

My contact at UCantLose.co.uk has just warned me that their name is currently being used to perpetrate a telephone scam. The victim receives a phone call from someone claiming to be a representative of UCantLose.co.uk with a special offer. These offers seem to vary from selling systems to “let us trade your betfair account in [...]

read morePosted on: Thursday, June 9, 2011

Sports Arbitrage Investment Scams

If you have been approached by an arbitrage trading company which is looking for investors, do not give them any of your money. Companies which can promise to make you the returns typically claimed by these types of companies (5% will never need to seek out public investors. End of story. So any company which [...]

read morePosted on: Thursday, July 8, 2010

Gold Nuggest Invest and Pegasus Group Australasia

Just another post about two more companies which have recently come to my attention – GoldNuggetInvest and Pegasus Group Australasia. Gold Nuggest Invest is actually a typical HYIP, and it’s connection to arbitage is probably only in claim. What they offer is clearly absurd, and only possible in the realm of Ponzi – they promise [...]

read morePosted on: Sunday, May 17, 2009

WTS (World Trade Systems) Arrests Made

Finally, some ‘good’ news on the Arbitrage investment scam scene. Police have arrested the director of WTS and investigated 4 of their staff members. It is also suggested that more arrests are going to be made in other scam operations in the gold coast. This is a great result for the members ripped off who [...]

read morePosted on: Monday, March 9, 2009

A Current Affair go after Suncity Equities and Investments Scam

A Current Affair (ACA) have just run a second story on Arbitrage Investment Scams operating out of the Gold Coast – this time focussing on Suncity EI. They ran a story about 4 months ago on the same topic, but focussed their attention on Kent Woodhouse (AFL Arbitrage) – I wrote a short article on [...]

read morePosted on: Thursday, October 23, 2008

Risk Free Profit has disappeared – More money left owing.

This is a topic which I unfortunately have some history with. Risk Free Profit created the software SureBetPro and distributed it through an MLM network – quite clever really because it really took advantage of peoples desire to make easy money on several different levels at once. It was through the MLM approach to distributing [...]

read morePosted on: Saturday, October 18, 2008

Arbitrage Scam Websites Targetted in Australian Crackdown

The Sydney Morning Herald ran a story today (below) about the investigation being conducted by the Australian Competition and Consumer Commission (ACCC) into Australian websites making ‘too good to be true’ claims. Arbitrage Betting investment schemes, and the over-promising over-priced Arbitrage software companies were mentioned in the investigation, alongside other regular scams like anti-ageing rip [...]

read morePosted on: Tuesday, September 23, 2008

Fallout from Suncity Equities and Investments

It looks like another one of these Arbitrage investment schemes has disappeared with a lot of money that they didn’t own. There has been a long line of very upset people posting at ArbForum over the past few days because none of them are able to make any contact with Suncity Equities and Investments at [...]

read morePosted on: Wednesday, July 16, 2008

Arbitrage Investment Scams on A Current Affair

Well, A Current Affair have just run a story on “Call centre Scams” – talking to people who have been ripped off by companies claiming to do sports arbitrage trading for them. I am pretty sure this story was mostly initiated by the article ASIC published recently. They referred to the article published by ASIC, [...]

read morePosted on: Friday, May 30, 2008

EDM Solutions Arbitrage Investment Company

EDM Solutions, a subsidery of Rathmar pty ltd, is another Arbitrage Investment Company which has recently been brought to our attention. Once again I know nothing about this company specifically, but it offers the opportunity to invest with them while they ‘trade arbitrage opportunities’ on your behalf. They charge $8,800 AUD for the right to [...]