>>Subscribe via Email<<

WTS (World Trade Systems) Arrests Made

Posted by Aegist on March 9th, 2009

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 have invested so much time into lodging complaints with ASIC and the police and doing everything they could to bring about justice to the scammers. However, even with this great result for justice, it still seems unlikely that anyone will be getting their money back.

WTS was first heavily discussed on ArbForum back at the end of 2007 – strong warnings against investing were given there at that time: WTS On the gold coast again. This shortly followed the article I wrote offering general advice to steer clear of any such operations : Investing in a Sports Arbitrage4 Investment Fund – Some advice. I simply point this out in case there are any other new scams operating, and people are investigating them now, and wondering whether – ‘maybe this one is different…?’. It isn’t. The general warning I wrote in August 2007 is just as true now as it was then – read it, and heed its advice. Avoid arbitrage investment scams. If they worked, they wouldn’t be asking for your money.

The current discussion on ArbForum is surrounding the arrests: WTS arrests finally – others to come. You can also find a link to the news article published in the Sunday Mail in the second post on that thread.

And lastly, I don’t think I have linked to this site before, so don’t forget to check out Sports Arbitrage Scams if you are investigating your own little scam…

No Comments »

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

You must be logged in to post a comment.