» » Data S Trading - Data S Trading arbitrage betting and investment scam Www.datastrading.com.au | #710

Complaint / review / scam report
Data S Trading
Data S Trading arbitrage betting and investment scam Www.datastrading.com.au

This company is pure fraud. Investing? No - just take your money and run..

I purchased what I thought was a $10K package - but no part of it has come through.

The purchase involves an investment with the following:
(a) An account at www.betezy.com.au with an amount of $1200 which will be traded on
(b) A service of one trade per day on this $1200
(c) A laptop offered for joining before the 30th June
(Basically the remaining $8800 was the fee for using their service)
On the website, advertising various packages available, there should have also been a ACER TRAVELMATE laptop.

The service agreement clearly specifies the following:
I was purchasing the Data S Trading system for purchase price of $10000 which includes a $1200 bank for a period of 12 months. On receipt of the purchase, Data S Trading shall conduct the following conditions:
o An arrangement to be signed by both parties
o Trading to be done on behalf of the licence holder as stipulated in the service agreement
o Assistance to initially set up the account
o Customer service for a period of 12 months
o Profits are to be paid immediately into customers account as soon as trade has finished.
The account at www.betezy.com.au was set up.

What I am disputing is the following:
At no stage have I received any contract signed by both parties as per the licence agreement
At no stage have I received a tax invoice
At no stage have I received a receipt for the credit card transaction
The account at Bet Ezy never had an amount placed in it. and no trade was ever done into the account.
This means that never was I in receipt of a bank amount of $1200.
The trading that was meant to take place (one trade per day as per the licence agreement) never took place.
Amount to be deposited immediately after the trade had finished no amount was ever deposited.
The laptop that I received was not as per the website advertisement
The laptop received on Wednesday 3rd July is an out dated, obviously second hand computer with a failed battery. It does not switch on without the power supply connected and is there for unusable as a laptop, and the specs are: Hard drive 4GB, RAM 64MB, Processor Pentium II of 300MHz. The stickers on the laptop state designed for WIN98 and WIN NT.

Whats worse, is after aproximately 5 emaiols, 15 phone calls and a few SMS, the company took over a week to advise they will not refund my money.

Of course, being a company, they are bound by laws and regulations.

I have contacted the following:
ASIC (Aust Security and Investment Comission)
ACCC
Dept of Justice - QLD
Fair Trading Center NSW
NSW Dept of Commerce
Police Fraud Squad
All will be looking into this case for me.

Paul
Baulkham Hills
Australia



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