I was initially contacted by Ian White, slick salesman for Thorough Systems, claiming to be a 'no risk' sports arbitraige trading company, who for a fee, and by ' using sophisticated software, and a world-wide network of traders' etc.,would trade on your behalf, with I.A.S.BET Aust.Most of their 'offices' were located on the gold coast, with just a physical address in Brisbane, to lend them respectibility.
After joining and depositing $1000.00 in a trading account, all contacts with the company was handled by customer service rep., Greg Williams.
A guarantee was signed, that all monies outlaid, would be refunded after 6 months, if a target figure had not been reached.
Despite growing concerns about both the legitimacy of the company, and vanishing money, they held to the myth, that the 'other leg' of the arb. betting would refund all losses made through I.A.S.BET and the arb. 'wins' on top of that would ensure our profits.
Eventually as the date of refund passed, they simply vanished, unable to be contacted, I.A.S.BET, has also failed to contact them.
Apparently 100s have been caught out with this scam, and many thousands of dollars have vanishe. along with this dishonest and disreputable company.