WARNING re Share Trading Investment SCAMs
In August 2013, a friend asked me about a Share Trading Investment, which upon basic research turned out to be a scam. In response and as a warning to others, I started a thread on Whirlpool titled 1Wealth is a SCAM. Since then, 1Wealth has morphed into other scams with different aliases such as OWS, GTA, Global Tech, GT Alliance, and more recently TRP. For a summary of known scam Aliases, refer to the list below.
TRP is an elaborate fraud that uses Share Trading Software to lure unsuspecting customers into a so-called "investment". The promoters of the investment scam promise enormous profits with very little effort, for people with no investment experience. The scam is backed by fake online awards and reviews that are heavily promoted (using paid advertisements) by the scammers so that they appear at the very top of internet search results (Google highlights these paid Ads with a yellow "Ad" icon).
The scammers even back up their ridiculous claims about enormous profits with a "Money Back Guarantee". Unfortunately as former customers have reported, the Money Back Guarantee is worthless — as it can only be claimed after 12 months of trading using the software, by which time the "business" would have closed and morphed into another scam with a brand new identity (leaving old phone numbers, email addresses and websites disconnected).
The typical cost for the sham Share Trading Software is about $19,400 (or $18,900) with an additional cost of about $1,349 for share price data downloads. But be warned, the scammers have accepted half payment up front ($9,700 or $9,450 with the rest deferred) in order to win over some "customers" who were showing reluctance.
LIST of known Share Trading Investment SCAM Aliases (most recent at top)
- TRP or TRP Sydney or TRP Invest or TRP Investment - Active from May 2015
- GT Alliance - Active from March 2015
- GT Australia - Active from December 2014
- Global Tech or GlobalTech - from November 2014 (Website Offline)
- GTA Global - around September 2014 (Website Not Known)
- GTA Pacific - around July 2014 (Website Offline)
- GTA - around June 2014 (Websites Reserved: "new site launching soon")
- One Wealth or OneWealth - around April 2014 (1 Website still Active)
- OWS - around November 2013 (Website Offline)
- 1Wealth - around August 2013 (Websites Offline)
- Eurosoft - around March 2013 (Website Not Known)
- Others?
More Info
For more detailed info, please refer to the Global Tech Scam thread on Whirlpool. The Global Tech Scam thread is currently the most active thread in the series, and contains the most up-to-date information about the scams, valuable feedback from readers caught up in the scams, and ideas about possible actions to recover money lost.
I'd expect OzBargainers to be wary of such scams, but if anyone you know has been contacted by TRP or its many aliases, then please get them to STOP all contact with the company …and then point them to this thread.
$20,000 up front wow I feel sorry for anyone who got dragged in