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:
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:
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.
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!!!!