» » Glenalt Group Latrades - Website down (Latrades.com.au) and no contact Perth | #967

Complaint / review / scam report
Glenalt Group Latrades
Website down (Latrades.com.au) and no contact Perth

I'm scammed!.... I was contacted back in June 2008 by a sales rep called Tony Mecurri from the Glenalt Group, He sent me a glossy brochure from the company and backed up with a call to see if i wanted to take up the offer, I told him I was interested but wanted to do some back ground checks. I did, and all the company info was ok, ABN ACN business name ASIC, ACN 119 567 672,

so i decided to take up an offer, there was three levels of subscription, 3yr $5000, 5yr $7000, 10yr $9000, he told me that the 3yr subscription can only have up to $3000 in the online trading account, 5yr =$5000 and 10yr =$5000 and on this money and i will get 32.5% return guaranteed on the whole amount in the first year.
I took up a 3 year subscription for $5000 and a $2000 online trading account all up $7000 to start.

The Trading Money was held by a 3rd party company called Latrades and i could view the progress online, how they were trading with my money. I was contacted several times by Tony over several months just to see if i was happy and all was great. Tony contacted me on the 14/11/08 and said somebody pulled out of the scheme and I could upgrade my account to the 10yr for only and extra $2000 so I did and also deposited an extra $1000 in my online Trading account with Latrades, so now i spent all up $10000.

Everything looked fine, until last Friday night 8/5/09 the Latrades Website was down, and all attempts to contact the Glenalt Group was disconnected phone lines. all this came crashing down and I found other reports on this website saying the same thing. I want my money Back! It was all a Slick Operation.

Chookhead
Tweed Heads West
Australia



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