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Capital Group Holdings, TRP, CFS, JBC, Eurosoft Share Trading Stock Market Software Scam

September 7, 2015 / / 2 Comments

Capital Group Holdings, TRP, CFS, JBC, Eurosoft Share Trading Stock Market Software Scam

These stock market trading software programmes are entirely bogus. They are all the same long standing ripoff. Every year or so the name becomes too well known and a new one is created – but the scam remains the same.

They always follow the same pattern: friendly sounding phone calls, glossy promotional materials, promises of high returns, promises of your money back if it doesn’t work for you.

It won’t work for you, and you won’t get your money back.

In every incarnation of this ripoff, you will be directed to websites showing JBC, or Capital Group Holdings, or Eurosoft has won awards from some stock market group, or business group, for the best trading software, or the best new home business. These websites and awards are entirely fake. They are created new for each version of this scam by the same people who have been running it for years. For one example see here for the TRP version of this ripoff:
http://www.trading-week.com/game-changer-trp-sydney-investment-services-yield-impressive-returns/

If you have been ripped off, cheated, scammed, by any of these groups (in reality all the same group) now is the time to to something to bring these con men to justice.

As soon as you can, and in as much detail as you can, please contact:

FRAUD AND CYBER CRIME GROUP
Queensland Police Service
200 Roma Street
Brisbane, Qld 4000

Phone: 07 3364 6622
Fax: 07 3364 6549

Ring and talk to them, or download the report form here:

https://www.police.qld.gov.au/programs/cscp/fraud/Documents/QPS-Fraud-Report-Form.pdf

What follows below is a copy of a comment on an earlier post on the TRP, Capital Group, Eurosoft rip off written by someone who used to work for them.

These con men have ripped off, stolen, cheated, hundreds of thousands if not millions of dollars from ordinary Australians.

If you know anything that could help bring them to justice, please contact the police now.

PS. I have just heard that Capital Group Holdings may be a different organisation. Either way, it is still a scam operating in exactly the same way. If you have been scammed by any of these groups, please contact the police now.
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Well after reading these most recent posts I am INFURIATED that this SCAM is still going on!

I have not had a chance to read all your stories but I can confirm that ALL your fears are WARRANTED.

I know because I too used to work there, thankfully waking up to the SCAM, having a conscience and leaving earlier this year.

I actually was so enthusiastic about the job and the potential of the program. I thought it would provide me with financial freedom also.

Would you believe that the staff, including myself NEVER EVER saw the Program.

Upon making several requests to see the program, the response from the manager was….

” No you can’t see the program. Because the program sells on simplicity. If you see it, them you will only complicate your “SPEIL”.

That’s right Folks! You were all delivered a very polished 25-40min SPEIL, culminating in …..

“So any Questions? No? Well the cost of the program is $9200 would you like to put that on MasterCard or Visa?”.

As staff, we also were not allowed to purchase the program.
REASON? It was deemed as a conflict of interest or insider trading or some BS excuse.

The fact is if any of US dropped $9200 on a program that promised 30%pa and received NOTHING then the S#*T would hit the fan.

This is when alarm bells started to ring for me.

Unfortunately, the rest of the long standing staff there are driven by pure greed and just plead ignorance.

Full well knowing that they are RIPPING YOU OFF!!!

These are the facts:

1. Phil Travers & Rhys Adam are indeed the partners behind this Bogus Operation.
2. Previous Company names are JBC, CFS,ESL & OP Solutions. When they cop serious heat. They shut down the old product and rebadge it as something new. Simple!
Those whom have tried to contact customer support will have experienced this.
3. The address of ” Farrar Place Sydney” is indeed BOGUS. It is a VIRTUAL OFFICE ONLY. Secretary at reception that oversees several small offices for lease. There is No official signage. No staff at all.
We falsely stated that we were actually based and calling from that address. Definitely not the case!

There are actually two (2) offices but both are based in QLD. Surfers Paradise & Springwood.

4) Whenever we had a customer that wanted to SEE the product (i.e Come in for a demo) We would invite them to come in. However they were asked to come in immediately or within the next hour as the “Senior Analysts” were flat out and would be returning to the “TRADING FLOOR”.
If they they were not able to do this then an ONLINE DEMO could be arranged.

5. The sites : stockexchangecommission.com , esharesmagazine and other reviews etc are 100% FAKE WEBSITES and Reviews. We were trained not to make a big deal of the reviews. Rather use them as a throw away. “Yes! We’ve had some encouraging reviews but….”. Play it right down.
The idea is that you would then do your due diligence. Be suitably impressed by the product appearing in the “FAST 5″ alongside, ING, ANZ etc, feel rest assured and then hand over your CCD for $9200.

A Marketing Sales technique that is very effective and legal.

That is IF, the Websites & Reviews are Legit!

Simply put! ….THEY ARE NOT!!!

6) To create urgency you were no doubt fed a varied form of this…

“So we will only ever release a total of 400 programs. We released 100 in ,(years will vary) 09’10’11 & the final 100 over these past few weeks”.

Another technique that proved extremely successful.

I say successful because this well crafted SPEIL and the expertise of the staff there saw them making $1000 per sale.

Earning between $9k to $42k per month.

All from a BOGUS PROGRAM that YOU paid for.

7) Oh! Your “Money back Guarentee? Another blatant lie!
Never going to happen! It was not worth the paper you received it on. Again! Those that have tried to obtain one know what I am talking about.

I do sincerely hope that you are able to obtain a refund from your merchant though.

So what now? What are you all prepared to do?
I find it outstanding to hear that ASIC will not act appropriately. What other measures have been taken to expose these FRAUSTERS?

I can only think that “A Current Affair , Today Tonight etc be contacted as well as the Police and informed of the whereabouts of these BOGUS OPERATIONS!!!

ENOUGH IS ENOUGH!!!!

Star Trader, JBC, CFS, ESL, Eurosoft Trading Scams

November 30, 2012 / / 77 Comments

I haven’t posted anything for about three months now, and did not intend to.

But constant harrassment by the chief thugs at ESL/Eurosoft has prompted me to add a little more to previous discussions of those scams.

See earlier posts on their stocking trading software for background.

There are two reasons for writing again. Last time I added anything about JBC/CFS/ESL was over a year ago. While others have added comments since, I thought it was worth noting that the product name has been changed from ESL Trader to Eurosoft Trading. It is still the same fake stock trading, stock prediction software.

The name change seems to take place every couple of years. When it became widely know that JBC was a rip-off, it changed to CFS. After word began to spread that CFS was a scam, the name was changed to ESL. Now it is Eurosoft. The software and the people are the same. All the comments made on previous posts about JBC and ESL apply equally to Eurosoft Trading.

If you have been called by them, you should note especially that any websites they refer you to, eg My Money Magazine, Smart Business Service, etc., are fakes. The creation of superficially convincing fake websites claiming to have tested and approved or given awards to their software has been part of their practice from the beginning. See earlier posts for websites which gave glowing reviews to JBC, CFS and ESL –  all now defunct.

Writing fake reviews in the name of well-known financial journalists like Anthony Green or John Lloyd is another favourite method of deceiving potential victims. Don’t be fooled! Eurosoft Trading is a scam run by unscrupulous thugs who will promise anything to get their hands on your money.

The second reason for writing again, as I noted above, is that even though I have not written anything on this for over a year, Rhys and the other thieves at ESL Eurosoft continue to try to bully me into removing any information about their ESL Eurosoft stock trading software scam.

This has taken the form of harrassing phone calls, fake blogs and websites criticising my business or making accusations about me, constant attempts to hack into this blog, and signing me up for porn and casual sex dating sites using my real name and address.

Rhys, Gail, Rika, Phil, etc, do you really think this kind of behaviour is going to convince me you are decent, honest hard-working people, and that everything I and others have written about ESL/Eurosoft is wrong? Do you think that behaving in this way will convince others you are the kind of people they can trust and be confident doing business with?

If you spent half the energy and imagination on earning an honest living as you spend on stealing from ordinary people and harrassing anyone who calls you out for it, you would be well off and could have some self-respect as well.

JBC, MCI Star Trader, CFS, GSI and Other Scam Trading Programmes

May 23, 2011 / / 1 Comment

A reader sent me a link to this video from the BBC programme Watchdog:

It is easy to feel that the people who bought this programme have themselves to blame. But that would not be fair.

JBC, CFS, MCI or whatever they are calling themselves since they last closed down and set up somewhere else under a new name, are very sophisticated. They have been doing this a long time. They provide professional looking literature, and refer people to ‘independent’ websites and magazines which have reviewed their product.

The problem is that the websites and magazines are fake, as is the software. This is a con.

I have written a number of previous posts about the JBC MCI CFS stock / share trading scam.

If you have been a victim of these conmen, please email me or comment.

I would very much like one of our Australian current affairs programmes to take a run at these swine.

JBC Global, CFS Live, ESL Trader Stock – Share Trading Scams

March 2, 2011 / / 393 Comments

I have written a couple of times about the JBC stock trading – stock market – share price prediction scam.

Nearly two years later, and after many complaints to regulatory authorities, they still seem to be in business.

JBC Global, CFS Live, and anything associated with them, are an outright fraud.

Some of the names given by its ‘senior analysts’ (telephone con agents) are: Paul Harvey, Chris Wallace, Mike Boyd, Bruce Jones, Scott Brennan, David Moore, Adrian Mathews, Gareth Hughes, Philip Duiker, Chris Davis, Danny Cook.

It is likely that these names are invented, as is the ‘senior analyst’ title.

JBC’s website is still active, but is now pretending to be wider than merely stock trading software. It claims to be a comprehensive business development group, offering software development, employment services, and project management. No matter where you enter your details on this site, you will receive a phone call offering to send you a brochure outlining JBC’s services.

This will be an impressive looking, professionally designed and printed brochure intended, like their website, to give an impression of wealth and stability. You will then receive a follow up phone call, offering you one of a very limited number of licenses. If you express doubts, you may be directed to scam websites which appear to review other, legitimate home business or investment packages, and which give glowing reviews, or even awards, to JBC’s program.

All of this is true of CFS cfs-live.com (I am not giving them a link). The same professional website, the same professional looking brochure, the same skanky con-men on the phone.

I suspect that cfs-live is simply a re-badged version of the JBC share price / stock prediction / share trading scam.

There are plenty of these swindlers around. The PCA (position cost averaging) system is another one, complete with its own fake independent review site at stocktradingeguide.com.

JBC and CFS are the stock trading scams which seem to be most active in Australia.

I am not sure why regulators and police seem unwilling or unable to do anything about these thieves. But as long as they continue to operate, ordinary Asutralians are losing their savings.

I intend to get in touch with A Current Affair or Today Tonight and suggest they do a story on JBC and CFS.

If you have been contacted by these groups, and would be willing to share your story, please add a comment using your correct email address (not visible to the public), or contact me – see my profile page for my email address.

Update:

CFS is definitely still active in Australia. I have received emails from a gentleman who spent $8900 in January to buy their programme. For $8900 he got a disk and a booklet, and a folder to put them in.

From his descriptions, the CFS package is identical to the JBC programme.

The software gives a points value to different stocks.  You are supposed to look at the points value and decide what to buy and sell.

The points value appears to be based on sudden movement of stocks up and down. For example if a stock has been stable for a long time and then suddenly drops, it will get a high points value – that is, a buy recommendation – on the basis that it is likely to come back up again just as quickly.

These are frequently very bad recommendations.

The recommendations are bad because the programme has no idea what is going on the real world. A stock that suddenly decreases in value usually does so for a good reason.

Stefan left this comment at one of the earlier JBC / CFS posts:

I’ve been contacted by a chris of cfs. He was trying to sell cfs end of day trading software. he gave me the websites gfmo.org homebusinessprofessionals.biz which have reviews of their software but the net has no links to these sites or to cfs which means they are all probably a bit dubious. His phone number was 1300 441 355.

GFMO and homebusinessprofessionals are  fake ‘independent’ websites, set up by JBC/CFS to reassure prospective buyers.

Referring prospects to fake sites to give an appearance of legitimacy makes it clear that the JBC or CFS packages are not  products offered in good faith.

Don’t fall for these scams!

JBC Shares Trading Software

October 20, 2009 / / 12 Comments

Final update to the JBC scam saga.

For background see the two earlier articles.

David reported in comments that he has written to ASIC. He has had a response which I cannot detail here. But they are taking his complaint seriously.

What is not so good has been the response from his bank.

Apparently Mastercard have a system called Mastercard Secure, or Securecode. This is supposed to provide protection for cardholders against fraudulent transactions, and protection for merchants against false chargeback claims.

I have been a Mastercard user for years and had never heard of this scheme.

If a merchant is a member of Mastercard Secure, and they attempt to ‘authenticate’ a transaction through this system, then even though there is no communication with the cardholder, the merchant is protected against any chargeback claim. 

JBC has heard of it, and are registered for Mastercard Secure.

I have checked with Mastercard, and I was amazed when I heard what this scheme means in practice.

What the Mastercard Secure system means is that any merchant who is registered under the scheme can deduct any amount from your card at any time. As long as the merchant attempts to ‘authenticate’ the transaction through the system, you, the cardholder, have no protection at all.

Mastercard will not attempt to communicate with you unless you have also joined Mastercard Secure. They will simply confirm the transaction as legitimate without checking with you, and you then have no recourse, even if, as in JBC’s case, the merchant is a known scammer.

This scheme, whatever its intended purpose, protects fraudulent merchants or scammers from genuine chargeback requests at the expense of cardholders.

I for one will be moving on from Mastercard.

Update:

David reports the fraudulent debit to his Mastercard has been refunded. The Securecode system does not protect merchants who deduct funds without authorisation, or transactions which are dishonest, as JBC’s debit to his account was.

He also reports discussions with the Australian Securities and Investment Commsission. Without discussing any individual business, they assured him that they and the Federal Police actively pursue scam sellers of sports betting or share price prediction software.

The smooth patter and glossy advertising material that promoted the JBC software was normal for scammers. Most people would see through that, or at least, still have questions. What made JBC more convincing to ordinary people was the fake websites they had set up. These were calculated to give even someone who checked carefully the impression that JBC was a legitimate and well-respected business.

Setting up fake websites to give your product an air of respectability it does not deserve is deliberately dishonest. These people are thieves, nothing more, despite their fancy advertising.

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