I was contacted by AFL Arbitrage Pty Ltd in about May 2007, after a few months of phone calls and being pressured into joining up by a salesman called 'Mark' with the company. On 28th August 2007, I signed up to go ahead with the $7600.00 invesment deal that should have made me a few thousand dollars by now.
I was told that $6,600.00 is for the bookie to run my account, and the $1000.00 is the starting capital. They have done nothing for their money and I am out of pocket.
After signing and sending my paperwork back, I waited for the directors name and signature to be sent back to me, this never came.
I was told I would have access to my money at any time if I needed it. I also thought I would receive after each month, a desriptive statement showing monies made in the arbitrage betting.
Since joining in August I have received a statement 9 Oct 07, 6 Nov 07 and 4 Dec 2007. Three statements that I do not understand. After not receiving a statement in January I was told they were being sent out 3 monthly now. I am still waiting for another statement.
Also I questioned the company on gaining access to the computer website to see what they are doing and I have never been able to gain access. They told me they are just trying to sort the website out, even seven months later, I cannot gain access to a single thing. I have no idea what is going on.
Each time I call the office 1300 727 304 I get the receptionist who refuses to tell me anything. Jeff (the bookie) is always either out of busy. Calls me back sometimes.
I called their office today and got quite upset with them because I said I am not happy with the service or lack of service should I say.
I have contacted Office of Fair Trading, who tell me yes if you can't afford to loose the money, don't do it. Then I called ACCC and they suggested I should send a letter of demand asking for my money back and if I don't get a reply within seven days I will report them to Office of Fair Trading, I don't understand how everyone can pass the buck while these people are ripping us off, how are they getting away with this, creating so many different companies and changing address along the way. I checked the company details on ASIC and noticed AFL Arbitrage as a registered company, with three separate ABN and ACN numbers.
I believe this to be nothing but another gambling SCAM that everyone should stay right away from. The only people making money in this game are the people who set out to rip others off.
I have emailed my complaint to Tracy Grimshaw at A Current Affair. I am finding out though that once you have been scammed, you have to work it out yourself how to sort the mess out.
I look forward to getting my money back somehow,some way, but I will fight them.