Scam Alert


Is there something Aussie hate more than being scammed or ripped off? Well maybe there is but this is where I will be writing about them, exposing the con artists and companies willing to get innocent people to part with money they usually cannot afford.

My first target will be about one of my loves, Horse Racing, and don’t the scam artists love trying to get a dollar out of US? Read up people

Scams: Trickling into the mobile phones, email accounts and personal lives of Australians

They once appeared in letterboxes in colourful envelopes promising millions, but scams are becoming increasingly difficult to spot as they trickle into the mobile phones, email accounts and personal lives of Australians.

A report published by the Australian Competition and Consumer Commission (ACCC) found scams hit the hip pockets of Australians to the tune of almost $90 million in 2013.

ACCC deputy chairwoman Delia Rickard says the figure is only a snapshot of the losses affecting Australians.

“We talk to other agencies, and work is being done so there will be a central repository of all reported scams in Australia but that’s not in place just yet,” she said.

“So we know it’s significantly more than the $89 million that was reported to us.”

Targeting scams: Report of the ACCC on scams activity 2013, identifies the 10 most commonly-reported scams and how to beat them.

1. Pay up-front, advanced fee scams

What is it?

By the numbers: pay up-front scams

How many reports were made? 28,748
How many people lost money in scam? 2,941
How much was lost in 2013? $24,988,234

Pay up-front scams can come in a variety of forms but they all have one thing in common: a scammer makes an offer of money or goods in exchange for money provided in advance, often requested to be paid in cash or by wire transfer. The ACCC say one of the most common examples of advanced fee fraud is the reclaim scam, where a victim receives an unexpected call from a representative claiming to be from a government department, bank or other trusted organisation who informs them they are entitled to a refund for overpaid taxes or fees. They then ask that an up-front fee to cover administration costs be paid.

Beware:

Reclaim scams, fake accommodation vouchers, inheritance scams, rental scams and promises of profits from commodities such a gemstones.

Avoid falling victim:

According to SCAMwatch, government departments will never ask for money up-front in order to claim a rebate. If you receive a questionable call, they recommend confirming that the caller is who they say they are by independently checking with the organisation. Ask yourself whether any explanations as to why you are entitled to the money seem likely.

Did you know?

Pay-up front and advanced fee schemes attracted almost double the number of complaints of any other scam in 2013.

2. Phishing & identity theft

What is it?

By the numbers: identity theft

How many reports were made? 15,264
How many people lost money in scam? 665
How much was lost in 2013? $2,467,287

Popular on email and increasingly so on text message, these schemes involve victims receiving a message purporting to be from a government department, financial institution or business. They may claim to be be updating or verifying account details or link the disclosure to a competition. The ACCC says scammers using this method do not expect a high success rate “fishing” for victims but rely on the volume of activity to produce results. Phishing and identity scams are so common, the ACCC says it is likely “the majority of recipients” do not report it. Worryingly, the scams are also on the increase.

Beware:

Anyone asking for personal information including usernames and passwords.

Avoid falling victim:

The ACCC recommends ignoring unexpected emails or text messages asking you to provide, confirm or update personal information. Even if an email appears to be from an official source, contact the organisation through official channels to verify it has sent the message. Do not click on links in emails which can contain harmful software.

Did you know?

These scams can also appear on social media offering gift vouchers in return for information, often captured through surveys. Be cautious of social media posts claiming: “Get a free $50 petrol voucher” or similar.

3. Computer hacking

What is it?

By the numbers: hacking scams

How many reports were made? 10,415
How many people lost money in scam? 935
How much was lost in 2013? $1,130,947

The most common of the computer hacking schemes is the computer virus scam which snares victims through unsolicited calls. The callers, who often claim to be from an IT or other well-known company, tell the victim their computer is infected with a virus and offer to repair the fault if the user provides them with remote access and pays a fee. Victims who agree lose their money and provide access to personal information stored on the computer. Other hacking scams can include phishing emails which ask for passwords before directing people to a mirror image site of popular social media websites. Log in and you have provided the hacker with access to friends and family who can then go on to become the next victims in the scam.

Beware:

Callers claiming your computer has a virus or you are at risk of disconnection due to a fault with your internet.

Avoid falling victim:

The ACCC say the best defence is to not respond: “If a call comes out of the blue, just hang up.” They recommend keeping computer security measures up to date to offer maximum protection. Run virus scanning software if you believe your computer could be carrying a virus.

Did you know?

In 2012, an international law enforcement effort led to a number of cold-calling computer virus scammers being caught. The ACCC says authorities face challenges in trying to shut down scams through court action. “If a particular ruse proves successful, then where one scam cell is shut down, other scammers are bound to step in. Scammers are also quick to change the story behind a scam when the community catches on,” they said.

4. Lottery and sweepstakes

What is it?

By the numbers: lottery scams

How many reports were made? 9,354
How many people lost money in scam? 581
How much was lost in 2013? $5,065,359

Ditching fancy envelopes delivered to your door, sweepstake scammers are now targeting victims using text messages. These scams are designed to lure personal information and money out of their victims in order to collect a prize from a competition the person never entered. Often the origin of the competition sits overseas with the prize offered in foreign currencies. To claim your winnings, scammers tell you that you need to send an up-front payment, usually via a wire transfer, but not surprisingly, the windfall never arrives.

Beware:

Fancy promotional material arriving in your mail box or a lottery announcement arriving via text message.

Avoid falling victim:

Did you enter the lottery? If not, it is unlikely you could have won it, the ACCC says. “If someone asks you to pay money up-front in order to receive money, walk away – it’s a scam,” they say.

Did you know?

The ACCC received 13 reports where losses related to lotteries and sweepstakes were greater than $100,000.

5. Online shopping scams

What is it?

By the numbers: online shopping

How many reports were made? 8,402
How many people lost money in scam? 3,766
How much was lost in 2013? $5,046,729

The ACCC says there are two main approaches to online shopping scams and both buyers and sellers are at risk. In one, a scammer posts an advertisement on a classifieds website for common products. When a victim attempts to purchase goods, they are told to send payment first, but the product never arrives. In the second scam, a scammer will respond to an advertisement making payment. After making an “accidental” overpayment, they request the excess is paid back by money transfer – all before the victim discovers the phony money order or realises that the cheque has bounced.

Beware:

Common products used by scammers in instances of online shopping fraud: pets, used cars, boats, bikes and electronic items including phones, tablets and laptops.

Avoid falling victim:

The ACCC warns consumers to take care when dealing with any buyer who only wants to pay by cheque, money order or money transfer. Keep an eye on the website to check for a https web address, indicating the site offers secure communication online.

Did you know?

Forty-five per cent of people who reported the online shopping scam to the ACCC lost money to the scammers.

6. Unexpected prizes

By the numbers: unexpected prizes

How many reports were made? 3,933
How many people lost money in scam? 190
How much was lost in 2013? $995,288

What is it?

Much like the lottery and sweepstake scams, this scheme tricks victims into believing they have won a prize in a competition that they, once again, never entered. In order to collect your supposed prize, typically holidays and electronic items, you must pay an up-front fee to cover taxes or administration costs. The money disappears, as does the prize, which never arrives.

Beware:

Unexpected prize notifications for competitions you do not recall entering.

Avoid falling victim:

Ignore any notifications of a win, where you are asked to pay money up-front in order to collect your supposed prize.

Did you know?

Scammers have been known to dress up dodgy holiday packages as “prizes”, which usually carry costly undisclosed terms and conditions.

7. False billing

What is it?

By the numbers: false billing

How many reports were made? 3,672
How many people lost money in scam? 445
How much was lost in 2013? $724,772

The ACCC warns this ploy is used by scammers to trick businesses into paying for unauthorised listings or advertisements in magazines, journals and business directories.

Beware:

Subscription forms disguised as an outstanding invoice. Also be wary of invoices arriving for the renewal of the business’s current domain name registration, which under closer inspection, are listed slightly differently (as an example, using .com, instead of .com.au).

Avoid falling victim:

The ACCC recommends checking that any invoices received out of the blue belong to a business that you have independently verified. They urge businesses to seek financial or legal advice where there is any doubt.

Did you know?

The ACCC was advised of a scam where small businesses received a fax claiming to be from a group similarly named to a phone book publisher. The fax, which appeared to be confirming business contact details, was instead an agreement to join an online business directory with a $100 per month fee.

8. Job and employment scams

What is it?

By the numbers: employment scams

How many reports were made? 2,979
How many people lost money in scam? 401
How much was lost in 2013? $3,206,486

Claims of earning “easy money from home” can turn into a nightmare for victims of job and employment scams. On the promise of lucrative salaries and investment returns which never eventuate, scammers trick their victims into handing over cash for uniforms, training and fees. International job seekers are also targeted in employment scams, where they are offered “guaranteed” jobs and therefore visa hope in exchange for a finder’s fee.

Beware:

The ACCC warns these scams are often a front for money laundering.

Avoid falling victim:

The only person getting rich quick in these schemes is the scammer. The ACCC recommends doing your research before agreeing to any offer and urges caution where an offer guarantees income or you are asked for payment up-front.

Did you know?

Employment schemes can cost you more than your promised income. The ACCC warns that individuals involved in the proceeds of crime can be prosecuted.

9. Dating and romance scams

What is it?

By the numbers: romance scams

How many reports were made? 2,777
How many people lost money in scam? 1,189
How much was lost in 2013? $25,247,418

Draining more than $25 million from the pockets of those seeking love, dating and romance schemes proved to be the most costly scam in 2013. The ACCC says scammers develop a relationship with a victim before asking for money to help with illness, a family crisis or expenses related to visiting their victim. Often run by criminal networks, victims can be approached on legitimate dating websites before communication moves to other methods including email. While affecting fewer people than other scams, victims on average, handed over $21,000.

Beware:

An online contact asking for money, especially via money order, wire transfer or an international funds transfer. Scammers can also surface on social media.

Avoid falling victim:

The ACCC recommends using an online image search to double check the identity of an online contact and paying careful attention to inconsistencies in stories.

Did you know?

The ACCC has identified relationship scams as a priority area for 2014.

10. Mobile phone scams

What is it?

By the numbers: mobile phone scams

How many reports were made? 1,351
How many people lost money in scam? 269
How much was lost in 2013? $51,775

Mobile phone scams come in all shapes and sizes and can include ring tone, competition and missed calls schemes. The ACCC warn that “free” or cheap ring tones can lead to subscriptions, while mysterious text messages can attract above-average fees when replied to. Other scams involving missed calls and SMS competitions can also hit the hip pocket with unexpected charges.

Beware:

Purchases that are linked to subscriptions, missed calls from unknown numbers and Australian phone numbers starting with 19, which are charged at a premium rate.

Avoid falling victim:

Reading the terms and conditions for all competitions and not replying to missed calls and messages from unknown numbers can reduce the risk, according to the ACCC.

Did you know?

Scams delivered by mobile phone recorded a total loss of $1,848,805 in 2013.

Sports investment scams

What are sports investment schemes?

Sports investment schemes can include computer prediction (betting software) or betting syndicates. Salespeople try to convince you that their foolproof system can guarantee you a profit on sporting events like football or horseracing.

These schemes are often camouflaged as legitimate investments when they are merely just a form of gambling and, in many cases, outright scams.

They can cost over $15 000 and some also require ongoing payments. Once money has been paid, most of them do not work as promised and buyers can’t get their money back or in many cases the supplier simply disappears.

Ask yourself: If these systems produce a guaranteed, risk-free profit, why are they trying to sell the scheme to me instead of using it to make millions themselves?

Computer prediction software

Computerised gambling systems are software programs that promise to accurately predict results, usually of sporting events such as team sports, horse races or even share market movements, and promise high returns or profits.

Team sports betting programs claim to identify opportunities based on historical trends and the different odds offered by various bookmakers to provide an arbitrage opportunity where you never lose.

Scammers selling horseracing software say that predictions are based on weather conditions, the state of the horse, the draw or the condition of the jockey. They also claim to track the money that may have been placed on a race by professional betters.

Software that claims to predict share price movements are also commonly promoted by scammers. While there are legitimate software programs that track share prices, any claims of accurately predicting movements should be treated with extreme caution.

You may be promised equipment like special calculators, a program on a disk, newsletter subscriptions or entire computer systems.

Often the information used in these programs can be obtained from the betting pages of your local newspaper at very little cost.

People who have purchased computer betting software report:

  • the software does not work as promised
  • low or no returns are received
  • the company cannot be contacted or refuses to deal with problems or inquiries.

Ask yourself: How can a machine predict a result where luck or unforeseen events are involved?

Betting syndicates

Another common approach used by scammers is to get you to become a member of a betting syndicate. Members are required to pay a fee (often in excess of $15 000) to join. They are also required to open a sports betting account and make ongoing deposits to maintain the balance.

The promoter says they will use funds in that account to place bets on behalf of the syndicate. Syndicate members are promised that they will receive a percentage of the profits.

People who invest in these syndicates often report:

  • money being withdrawn from their account with no bets being placed
  • receiving nothing in return for their investment
  • being unable to withdraw money from the syndicate
  • companies aggressively demanding more money
  • companies disappearing with all money invested.

The sales pitch

These schemes are usually promoted as business opportunities or investments at trade fairs, shows or via the internet. Promoters also use unsolicited mail, email or phone calls.

Promoters often target small business operators, professionals, retirees or others with funds to ‘invest’.

Scammers use terms like sports arbitrage, sports betting, sports wagering, sports tipping or sports trading to make these scams look like legitimate investments.

Promotional material often takes the form of glossy and sophisticated brochures or websites that contain graphs or diagrams promising large returns for little or no effort.

Promoters may also claim that their company is registered with the Australian Securities and Investments Commission. Don’t let this fool you—registering a business and creating a professional-looking website are cheap and easy to do.

Warning signs

  • You are promised huge returns and risk-free profits.
  • Promoters will use financial terms like ‘trading’, ‘investment’, ‘arbitrage’, ‘recession proof’, ‘managed fund’ or ‘tax free’ to try to sell gambling schemes.
  • You are frequently called by telemarketers trying to pressure you into buying.
  • The sales pitch is accompanied by promotional material, such as glossy brochures and graphs showing extraordinary returns.
  • You are told that places are strictly limited and you need to buy now to secure your spot in the syndicate or software package or you will miss out.
  • When the system doesn’t work, you are told that you are using it incorrectly and that you are not entitled to a refund.

Protect yourself

  • Be wary of high pressure and slick sales techniques. Do not let anyone push you into making decisions about money or investments—always get independent financial advice.
  • If you receive a call from a salesperson trying to sell you a sports investment ‘opportunity’—just hang up!
  • List your numbers on the Do Not Call Register to stop calls from most telemarketers.
  • There are no guaranteed get rich quick schemes—the only winners are the scammers.
  • Don’t be enticed by reports of past performance or graphs showing high returns. Scammers lie!
  • Be wary of investments promising a high return with little or no risk.
  • Make sure you know how to stop any subscription service you sign up to.
  • Remember: no-one can guarantee that you will make money by gambling.

Explore SCAMwatch to find out more about scams and tips on how to protect yourself.

Do your homework

Ask yourself: Why would someone sell me a system that can guarantee them a profit if they keep it for themselves?

Be on the look out for ongoing costs. Many systems require you to open a betting or trading account and maintain a minimum balance. If the prediction you rely on is not correct, you have to keep pumping money into the account.

Be wary of high pressure and slick sales techniques. Promoters of these products are often highly skilled in closing the deal and getting you to part with your money.

Check out the registered office of the company selling the product, often these can be car parks or post office boxes and no real office exists.

Download our Sports investment scams fact sheet for more information on sports arbitrage, sports betting, sports wagering, sports tipping or sports trading. These terms are often used to promote sport investment scams.

If you still think that the product sounds like it could work, seek independent advice from a solicitor or financial adviser about the viability of the product and the purchase contract/terms and conditions. ‘Money-back guarantees’ may have strings attached.

Report

If you think you have been exposed to a sports investment scam, visit the report a scam page on SCAMwatchto find the most appropriate agency to contact. You can also call the ACCC Infocentre on 1300 795 995.

Have you been scammed?

What to do if you’ve been scammed; Scams & the law; Report a scam.
Victim story: Alan was pressured into buying software that promised him huge returns from betting on the horses. The software didn’t work and the only winner was the scammer.

Similar scams:

Unsolicited phone calls pushing high-return and high-risk investments, often in overseas markets. The callers sound professional but are not licensed in Australia.
Spam email or strange phone messages that urge you to buy shares in a thinly-traded company. The scammers wait until their victims invest before selling their own stock at a profit.
High-pressure sales in high-risk investment strategies. Scammers profit through attendance fees and by selling property and investments at inflated prices.
You are offered early access to your superannuation (‘early release’), often through a self-managed super fund. The scammers take a large part of your super for themselves, and put you at risk for accessing your super in an illegal way.
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100 thoughts on “Scam Alert

  1. RE: CHANGE OF ACCOUNT ON YOUR CONTRACT PAYMENT/PLEASE CONFIRM NOW‏
    Spam
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    Mallam Lamido Sanusi Lamido drleo_benn@yahoo.fr to c-b-n2011
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    From: Mallam Lamido Sanusi Lamido
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    Forward

    OH…!!! DEAR OLD NAN HAS REMEMBERED ME??????????????
    I JUST KNEW SHE HAD MONEY SOMEWHERE WHEN SHE PASSED AWAY 20 YEARS AGO!!!
    hehehehehehehehehehehehehehehheheheh……………….

    Like

  2. Robbo ,

    There is a whole lot of Sports Arbitage Scams and Horse Racing Systems , Lay Betting Scams and Police corruption thats been coming out of Qld and the Gold Coast in particular for many years now .
    Innocent People are being targeted all over Australia and N.Z. and all the relevant authorities , protection agencies , as well as the mainstream media are doing nothing about this .
    The QLD fraud squad have been pretending for many years that they will be doing something about it yet these scams always continue

    A great website and forum which exposes a lot of this is

    http://www.arbforum.co.uk/cgi-bin/yabb2/YaBB.pl?board=Seymour

    It lists and has detailed information on the many scams which have been coming out of Queensland for many years

    Also if you Google – Larry Pickering , Harry Omeros , and Alan Davenport you can find a whole heap of information about these characters as well as the many others that are also involved

    This is Organized Crime and corruption at the highest level , and people need to be aware and warned about what is happening on the Gold Coast in this so – called Democracy of ours

    A lot of these dodgy companies are now starting to operate in Melbourne

    They target retirees , or people trying to earn a quid from home , someone looking for a Home based business opportunity maybe

    I would appreciate your help in posting this on your website as a warning to all

    I have lost over $ 20 , 000 to one of these companys , and hope no – one else has to go through all the trouble , loss of time and money that i have been through , especially when there is ZERO HELP from any of the Authorities which we think are there to protect or help us

    Our corrupt Government is obviously making money , kickbacks , taxes , etc from all these schemes which is why they are allowing it to continue

    Thankyou

    Regards

    Michael

    Like

    • Well written Michael and I totally agree with you. I myself & a few other people also got scammed by Mysol Pty Ltd, owned by Kyle Hodgetts a fake company on the Gold Coast of Australia, a hot spot full of scammers. Prior to Mysol they were operating another fake company called Free Solar Lighting Pty Ltd and that have now been shut down. Do not outlay your money to this professional scammer, you will deeply regret if you do. Many people in Australia have been scammed by this husband & wife: Kyle & Rachel Hodgetts. It will only be matter of time before the Australian authorities come banging on their doors and shut them down. We need to get the message out before more innocent people are hurt.

      Like

      • Hi Peter
        if you are still visiting this site
        I would like a little more information in regards to this company
        regards
        Shayne

        Like

  3. King of Gold Coast scammers is harry Omeros go to harryomerosscammer.com
    It’s a dedicated web site that also includes taped phone recordings of him scamming.

    Like

  4. These guys have being doing the rounds for years. I feel awful for those getting sucked in but honestly, does anybody bother to to do research any more? They most certainly find out how to do it AFTER getting ripped off, but maybe there needs to be MORE resources etc into checking out these potential ( well known ) scammers…

    Maybe when they line up for the umpteenth time for a new company registration, they have to agree to any previous company indiscretions being noted on the scam watch site or something!
    But that will not stop them snaring the gullible who are their bread and butter folks…

    Like

  5. It never ceases to amaze me how people get so sucked into scams but I cant believe David Schirmer from that world money grab the secret is still free let alone still trying to get business partners from his facebook “friends” after his 20 odd companies got closed down. He’s been exposed that many times for everything from screwing people over financially to having it off with all the lovely ladies he’s got close to yet he still claims to be a faith walkin christian and world expert on everything he wants to make money out of. Got to give it to him, hes one real low life. At least one of his brothers was jailed for child molestation but I don’t see him on your list, why not? Are these guys so special that they dont get a mention?

    Like

    • Isnt David Schirmer also the person who got on facebook or somewhere and told people Bayden-clay didnt murder his wife? Really what weed is this guy on? Apparently he can read minds ……. not!

      Like

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  8. I have been done too and was stupid enough t believe what I was been told even after asking for proof of the system working. So I get sold the software for laybetting on horses and after that not really working, they say you will absolutely make more your money and more if just pay another 15K. This got whittled down to 10. Of course this did not meet what they promised so there answer is to sell you the “ultimate” package for a lot more money.
    They treat u like it is only a small amount and you will find the money if you want to make money. I eventually get them to agree to a small amount more (5K) and then they renig on what is offered.
    They then keep sending u text messages saying how much they made which I know is bull. Ask for any proof and they refuse to give you any.
    Read the contract too as it gives you a 10 day cooling of period from the time you sign but they will not provide the software until after 10 days. It also states no refund once software is provided once you have the software. They really do trust their software NOT.

    Lay betting can make you small amounts of money but you can do it yourself without paying for expensive software that doesnt do much. I know that I could have made some money but without the 21K outlay.
    Please learn from me and hang up on these people and insist on proof if you show any interest.
    The people I have been ripped of from are LAYBET professionals.

    Like

    • Hi, Andrew, didn’t they use your betfair account to laybet on behalf of you for 5days? how much they charge for the australian version? 10K? my friend paid 25k. are you still using it?

      Like

    • Hi Andrew, I have been sucked in by this smooth con as well, $13500 for the s/w and laptop (I now have a $13,500 Laptop!) I visited their office at the Gold Coast and viewed a presentation, all seemed fairly legit, I eventually signed up after the price was reduced dramatically on the verball condition that I would promote the software. Signed for the AUS and UK versions. I placed $1k into my Betfair account, lost most of it while trying to get the settings correct!! Every person that I spoke to had a adifferent set up recomendation. None were successful. Now I keep getting calls from their ‘customer service team’ If I pay into a Labet Proffesional account $1000 to $2000, they will get my money back within weeks ($1000 – $2000 per day).Sounds to good to be true!!

      Like

      • Hi Noel, David and Andrew,
        if you are intersted in being involved in class action against Laybet Professionals, please visit aussiescamalert.com and make contact. The more the better.

        Like

  9. I am wondering if anyone can help me out with Laybet Professionals on the gold coast. Are they legit? Mick Dittman, the retired Qld jockey endorses this company in a Youtube video so all seems legit, but….. ? They have asked me to go down to their office this Saturday to show me how to make some money. I have lost money to a scammer before so I am wary. Davo

    Like

    • Hi David,
      That Mick Dittman video is laughable. How can that lend any legitimacy to an investment of tens of thousands of dollars?
      Read the feedback here. Read the report at http://www.aussiescamalert.com. It’s a con.
      It’s a numbers game for them. Some of their clients will see a good run of losers (success) and be convinced to join. The others that see a loss, well, that’s a small business cost for LBP. You’d need to see a very large sample of results at their odds..say 300 at least before you could make up your mind if they are ona winning or losing formula.

      James

      Like

  10. We had the House Sitter from hell.
    This person claimed to know all about animals and the land – noooooooooooo

    She stole from us, just little things, that she didn’t think we’d notice; however, it was a lot in the end.

    We suspect that her references were her friends who lied for her.

    If anyone wants to know more, after interviewing a person with the initials A.V-E, please contact me through “Contact Robbo” and we can make sure that you aren’t going to have the “House Sitter from hell”, too.
    :D

    Like

  11. Beware of Solar Off Grid Scams. Mysol Pty Ltd, owned by Kyle Hodgetts a fake company on the Gold Coast of Australia, a hot spot full of scammers. Prior to Mysol they were operating another fake company called Free Solar Lighting Pty Ltd and that have now been shut down. Do not outlay your money to this professional scammer, you will deeply regret if you do. Many people in Australia have been scammed by this husband & wife: Kyle & Rachel Hodgetts. It will only be matter of time before the Australian authorities come banging on their doors and shut them down. Hope they will get hefty fines and end up in jail. We need to get the message out before more innocent people are hurt.

    Like

      • Hi Derek, yes lodge a formal complaint to the ACCC, QLD Fair Trading, also lodge a claim to http://www.qcat.qld.gov.au. Once there are more people making the complaints then definitely the authorities will take serious action. Next find a civil solicitor in their state, try this: http://www.gotocourt.com.au/
        I believe we all have a strong case to win and get our money back + damages + legal fees etc. To operate a business fraudulently, unethically & deceiving people is a criminal offence in Australia.

        Like

        • I have nothing more to add, other than the fact that I have filed a complaint to the police .
          I also contacted some of Mysol Pty Ltd past employee’s and found they lost money, I asked then to also file complaints, one of them had already done so.
          My advise don’t stop looking for good investment but stay away from the Gold Coast Bob

          Like

    • Hi Peter,
      My family has also been scammed by Mysol. Have you taken any legal action? We are enquiring to get into contact with others that purchased territories from Kyle Hodgetts to try get out money back. There has to be alot of others out there in the same boat.
      Thanks,
      Jenna

      Like

  12. Hi, I appreciate this site, have you heard of Golden Cove Inc? They are based in Brisbane
    and offer a lay betting system and a free 1 week trial which made me 6% . They promise between 7 to 9% return on average per week. I cannot find anything about them on the net even though their website has been there since July 2013. It all sounds good but I can’t help the sick feeling in my stomach every time I decide to go ahead with it. They point out that they are not a scam because there is nothing bad written about them on the web and they are right, there is absolutely nothing about them. The website is http://www.goldencoveinc.com

    Like

    • GREG STAY AWAY I MEAN IT http://www.goldencoveinc.com/ that site is a definite scam, they all use the rich affluent stock images we all dream about, making it look like a good business and not punting.

      They come and go, all they do is change names and websites.

      THE REASON any new mob has no bad feedback is they have not been there long enough.The site will be full of bullshit claims, it is much a scam as the love matching sites are using fake photos and so on! Even the testimonials are written in the same style by one person obviously.fake fake fake.

      Anyone can create a impressive graph, there is not other data, where are the betting stats? rubbish

      I cannot say it more clearly please save your money!

      Like

  13. I agree..stay away! Looks just like all the other scam sites….pretty pictures, lots of fluff about how good they are…no substance.
    Keep talking to them by all means..gather as much data as you can. Ther is no scarcity, no need to hurry..if it were a truly good investment, you could enter at any time. Don’t fall for their incentive tactics.
    I’ll look into it and write a report up at aussiescamalert.com soon as I can

    Like

  14. I have been contacted by Lay Trader Professionals. The salesman gave me all the usual info about being the best thing available Yada, Yada, Yada. Bottom line is the software costs $10,000 for the Australian version. The offer he made me was $3000 now and the balance in 12 months. If i did not like the S/W I could just walk away from the deal.
    Does this sound better? Office address is same as other Lay Betting software companies that have been linked to scams. Should I believe all the hype or would it be better to save my money and not know if it works or is legitimate?

    Like

    • Sure it’s a better deal. You will only lose 3,000 rather than 10,000 !
      They are the same company at Laybet Professionals, same office, same people, same crap product.
      And sure, if you don’t like it you can walk away..minus your 3k.
      Walk away. Now!

      Like

      • Hi James,
        Took your advice and I am now $3000 richer. Do not know if software worked (probably not) but I have $3000 in my pocket. My wife and I are heading to Alaska & USA shortly for a holiday.. This is courtesy of not becoming mixed up in the Lay Bet Professional betting scheme. Thanks again.

        Like

  15. I have been hit by a guy called Stacy Potts date of birth 25th March 1987 and his mate Brent Thomas Alderton on the Gold Coast. They call themselves Investment Software Solutions. I can’t believe my stupidity. These guys are young amateurs and I think their ego’s and their past history is about to trip them up big time. They are so cocky that they probably wouldn’t understand what I mean if they happen to read this or any of their future potential employers!!.I may be deluded but I actually think I am on to them (through legal channels of course) because they are not as bright as they perhaps think they are! I think they may end up in jail soon.

    Like

      • Good luck Ash. I am Stacy Potts worst enemy and I am sure by now he must be wishing he never ripped me off. I told him that when he eventually stops ripping people off and gets himself an honest job is the only way he can stop me from assisting his victims. He hasnt worked it out yet that he is dogged until the day he finally stops doing this to people!

        Like

    • Admin I called Asic today your looking at the wrong company one is investment software solutions ltd and one is pty ltd once again when you really look into these company’s there betting company’s like myself I like having a punt but I am not parting with my cash for a betting software.

      Like

  16. Great site, keep up the good work.
    Keep listing those scammers – we are happy to put up info on the web about them all including any details.
    See http://www.aicinternational-complaints.com and the several hundred scam reports made about them and others.
    We have got three other sites but for security issues (yes we have been threatened by the scammers) they remain separate as we have had our sites knocked down a couple of times.
    Must be costing the bastards a bit of money – I hope.

    Like

  17. Just to let you know how deceptive these people are Stacy Potts as mentioned above has contacted you above in the guise of “Mark”. He is trying to throw you off. I can tell its him because our little mate Stacy and Mark have the same Year 10 School leaving poor spelling and grammar mistakes. Stacy has a reputation as being highly evasive. But he wont get away from me !

    Like

  18. It is a matter of public record now that yesterday (27/3/2014) I had a successful outcome as an Applicant at the Victorian Civil and Administrative Tribunal versus the Defendant Investment Software Solutions Pty Ltd ACN 153 437 168 represented by Mr Stacy Potts. He was ordered by the VCAT member to pay me back $4750 by April 21st on the basis of my argument that Investment Software Solutions had contravened the Australian Consumer Law (Schedule 2 Offences Chapter 4 Offences relating to unfair practices Part 4-1 Sections 155 and 159) to sell their product to me in October 2013.
    During the Hearing I pointed out that according to the ACCC that misleading and deceptive conduct can give rise to liability even if:
    1. It has not actually misled anyone. All that is necessary is that the conduct is likely to mislead or deceive people.
    2. The person making the representation acted honestly and reasonably. All that is necessary for liability to arise is that conduct did in fact mislead or deceive and
    3. The affected person did not make proper enquiries or could have discovered that the conduct was misleading or deceptive had they investigated the matter.
    I am hoping that the defendant will realise from this exercise that he and his fellow director and any staff that he employs are on a hiding to nothing if he chooses to continue to run a business that has now been decided in law to have derived some of its ill gotten gains from me via misleading and deceptive practice

    Like

  19. Hi Guys,

    Laybet Professional are running another scam, and this time they are working together with an international bookie from Vanuatu – BetJACK (www.betjack.com.au)

    You’d be amazed at how well connected they are. This is how they do it: They’ll start with their normal sales pitch, tell you that your account will be managed by a “professional” trader – get high return BS etc…, Pretty much the same like what they’ve done with Laybet Professional – manage your account.

    However, this time, they are so “confident” that the system will work that they’ll match you a dollar for dollar for every dollar that you deposit to their bank account (which they claimed it’ll be transferred to the BetJack account once they received the fund). Sounds good right?? To go even further to gain your trust, they’ll deposit money to your BetJack account first! As a result, you’ll be able to see the money they deposited in the BetJack account before you transfer money (provides a false sense of security).

    I have been conned by Laybet Professional before (and they f**king have the nerve to contact me again!) and lost close to $45K, so this time, I decided to play along with them – just to see what they are up to.

    I did not deposit any fund to Laybet Professional’s bank account, and I simply told them that I wasn’t feeling too comfortable with the overseas bookie and I’ll do what I can do recoup the fund for them – from the BetJack account (I assumed I was the only person who can have access to the money! – clearly not).

    Next thing, the sales person send me a text said, we’ll get our money back and close your BetJack Account?? Really??! They can do that??! How come I am not F**King surprised??

    So there you go, if you deposit your money into their bank account, their associate (BetJack) can assist them at ANYTIME – take YOUR money away. And you know the true beauty of this scam?? You wont even know you are being scammed and this is why:

    They’ll do all the legitimate thing, they’ll really match you a dollar for a dollar and transfer your money to the “BetJack” account and have it managed by their own “professional” traders. By the time you know it, you’ll slowly losing all your money!! – from them placing “random” bets for you – this is how they get the money back!!! From BetJack!!!! (For some of you, you may get lucky and win some money and they’ll sell you more ST) But when you start losing and ask to withdraw your money, BetJack for “some reasons” just won’t do it, and you can’t even change the password to stop them!!! By the time you know it’s a SCAM, it’s FKing too late!

    Guys, someone really need to setup some sort of enterprise that can fight these Con Artists, they are ruining people’s life and needs to be stopped!

    Like

  20. We were scammed by Kyle & Rachel Hodgetts from MYSOL Pty Ltd to the tune of $45,000. Reported them to ASIC but they were not interested, neither were the federal police. Lodged through QCAT then through Brisbane Lawyers, has been 9 months now with Kyle not being located. Spent more money following every legal hurdle, but the law seems to be all for the criminal. My health and business life is largely affected and even if we bankrupt him legally, he probably has no money in his name. Go to the MYSOL website and see his Company Values, this guy needs to be locked up, after a good belting!

    Like

  21. Hi Rob
    Yes we do need to join forces. Kyle and Rachel need to be stopped and held accountable for the damage they cause to peoples lives.

    Liz
    SA

    Like

  22. Kyle Hodgetts (Mysol) is due in court in Brisbane at 9.30 on Wednesday 14th May. Lots of people will be there to meet him along with TV reporters.
    Should be interesting and let’s hope justice prevails.

    Liked by 1 person

  23. Yes, it is time this guy is brought to justice, and pays for the hurt he has caused to many honest hardworking people he and his partner have prayed upon. Laws have to be changed in Australia for these type of people that are able to open up new companies under different names and identifies for the sole purpose to rip off innocent hardworking people! I am taking my concerns into parliament to try to make some change happen, if it takes me my whole lifetime, I will not rest until the laws are changed! Bring on Wednesday!!!!

    Liked by 1 person

  24. So did kyle turn up at court..my guess is no and for my own detriment I know his disgusting past well….this guys and his so called wife live in a world where they rip people off to pay for gambling habits, drinking habits, high end house rentals, plastic surgery, hire cars and the list goes on and on its not just the solar scam either he been scamming for years and years and years this guy has no conscience and never has any intention of making his business ideas work its just about getting cash out of unsuspecting honest people to feed his lifestyle.

    Like

  25. This Kyle Hodgetts have been scamming people for years and now is the time to lock him up. We should put him on “Today Tonight” and “Current Affair”. His wife Rachel Hodgetts was also involved. Let’s fight all the way !

    Like

    • Peter
      He was in court in Southport this week and ACA fronted him. His time is coming soon. Make a complaint to your local police station and it will add to the growing file against this dynamic duo. Kyle….you need to stop this way of making a living! Get a real job.

      Like

  26. Yes, agree, and he is using the money he has taken from us from fraudulent activity to hire a private Solicitor to appeal all decisions against him. Me and my husband have to borrow from our mortgage to try and bring him to justice, but because the current laws support criminals like this pair, we will probably end up losing our house in Solicitors Fees! There seems to be no justice in this Country!

    Like

  27. Have a look at this..
    http://www.iearth2.com

    Kyles lastest “money maker”..wonder who the poor “investor” was for this one he done the same thing a couple of years ago with another game – My Island Fortress which cost many “investors” plenty of money with no return of their initial “investment” whatsoever….surprise surprise

    Like

    • The net is closing in on this character. We have an action group formed and statements are being made to the police. Legal action is pending and more in the pipeline. Lucky for him and his missus we are following the legal route. Justice will prevail.

      Like

    • Sammy
      I notice the youtube tutorials on the iearth site are titled My Island Fortress.
      I registered on the site last night as Mysol with a username of Kyle and got acces to the site from Rachel@mysol.com.au.
      I posted a few messages on the forum that they obviously didn’t like as I’ve been banned from the site now!
      As we all know….crims are thick as s%^t

      Like

  28. I wish you all the best of luck with your action group and yes legal justice will prevail, kyle and rachel will be exposed in the courts for who they really are

    Like

  29. Thanks Rob for the advice. We’ve already reported him to the authorities and our solicitor. Now we will report him to the police.

    Like

  30. A Current Affair visiting the Far North this week to talk to us about Kyle and Rachel Hodgetts.
    Looking forward to adding to the file on these clowns…….sleep well you two, your time is coming in the courts and on prime time TV. Rachel…maybe time to get some more plastic surgery darlin! and maybe for you Kyle…shit that would be expensive!

    Like

  31. Can someone verify if Kyle & Rachel Hodgetts of Mysol “Solar Scam” is living at: 73 Port Jackson Blvd. Clear Island Waters, Gold Coast. Heard they will be gone in the next two weeks as being evicted for not paying rent.

    Like

    • Yes Peter the courts evicted them so they will be no longer at that address soon (maybe)
      We have the means to keep track of their movements though. They may run…but they can no longer hide.

      Like

  32. My Husband and I are also victims of Kyle and Rachel Hodgetts and the Mysol scam. These two clearly are lying cheats who possess no ethics and need to be brought to justice immediately. Hodgetts is still holding stock we have paid for but will never recieve. To date we are out of pocket to the tune of $70 000k with ongoing costs of rent for our office and internet and phone plans, not to mention the emotional toll this has taken on both of us and our family. I really feel for those other honest hardworking people who have parted with their money to these two crooks. We will join forces with all who are willing and do whatever it takes to bring down these low life, oxygen wasting pieces of scum.We will be making a formal complaint to the police tomorrow.

    Like

  33. Hi Briann and Veronica, like you we were scammed in WA. We paid $44,000, and received nothing from Mysol, and infact he committed direct Fraud from selling our Sole Distribution Area to someone else. We have been fighting this in the courts for 10 months now. Our costs have sky rocketed with a 3 year Lease on business premises, with our home as guarantor, Business phone plans, advertising and marketing, so really the cost is well past the $100,000 mark by now, as well as weekly solicitors bills to try to bring this man to justice, because the Federal police didn’t arrest him in 2012 for identity Fraud. He could have up to 10 identities in Australia now, who knows. My health is extremely compromised, and finally gave out 4 weeks ago with a heart attack at the age of 43. I will not rest until this man is brought to justice and I have also gone to our Federal Members of parliament to try and get the laws in Australia changed to stop people like this ruining peoples life, as well as trying to get the Federal Police to act quickly. I urge you to report to the Federal Police and go to your Federal member of parliament. The more people that demand action from Government and the Federal Police, the better the future will be for hard working Australians that get ripped off from these scum bags. “A Current affair” has interviewed me yesterday and also I believe other people in Queensland and other states, so hopefully by airing this man on TV, something has to be done!
    Whew! End of today’s rant!
    Lisa Cuthbert

    Like

    • Lisa
      A Current Affair interviewed myself and Bob in Townsville today. I will talk to the Federal police as I was not aware of the false identities until recently.
      Good luck with your action against these two freeloaders. We will also not give up until justice prevails.
      Rob

      Like

  34. Hey guys check this out. Is this Kyle Hodgetts son ? “Adam Daniel Hodgetts” ? Read 3/4 way down and it matches perfectly about him: ttp://www.dailytelegraph.com.au/website-fraudster-gets-4-year-jail-term/story-e6freuyi-1226166090303. Kyle Hodgetts will be going to jail ! All victims should report to the Police and http://www.scamwatch,gov.au

    Like

    • So what will Kyle face for scamming the best part of half a million dollars?????? And I’m sure that is the tip of the iceberg.
      Kyle….if I’m wrong…..then sue me!

      Like

  35. I’d like to offer to put up a page about Mysol ,and now Retrofitsolar, on my site aussiescamalert.com. I don’t know much about what the actual dealings were though. If people would like to contact me at admin@aussiescamalert.com I’ll be able to get up to speed.
    I can also make a forum for you all too if you’d like a way to keep in touch.
    ..if it’s not treading on your toes Robbo..?

    Like

    • Thanks James, I will let Robbo decide the next steps as this site has brought a lot of us together and has made the case against these particular crims stronger. (Thanks Robbo) The power of the web is awesome for the scammers to go about their ‘business’ but more importantly for those who have been ripped off to get together and mount a challenge that the crims cannot match. This is a test case in Australia I believe. We are all so frustrated with the lack of action, over several years, from the authorities funded with our taxes, to protect the innocent from these low life criminals. All of us that have been scammed by this particular couple of jailbirds trusted the agreement we made at the time of meeting. That’s what they live off …..trust.. and then the deposit of funds into their bank accounts which they withdraw and spend as they wish. Never expecting that they would be brought to justice because, as we all know, criminals are thick as shit!
      They all end up in jail providing the victims stick together and mount a case.
      Let’s keep the pressure on Kyle and Rachel Hodgetts (or Todd or ?) You sad pair!!!!

      Like

    • Hi James, I’m happy for you guys to do what you have to do to stop these snakebellies ripping Aussie off with all their scams. I will post a separate page here, or links, whatever will help.

      You are the ones with your finger on the pulse and networking is the best way to help get an outcome as well as forewarn others on these serial scammers before other innocent people get burnt.

      Just ask guys! Cheers Rob

      Like

  36. Next address for our dynamic duo
    11 Settlement Court
    Tallai
    4213

    That is a fantastic address for these clowns……settlement court….gave me laugh!!!

    Like

  37. Thanks for all your updates Rob, much appreciated, and agree with the serendipity in the street name. D Day soon for this pair!!!

    Like

  38. Kyle & Rachel Hodgetts new address: 11 Settlement Court, Tallai, QLD 4213. Hahaha ! Let’s hope all will be settled at Settlement Court address. LOL. I have already reported the matter as ( Fraud, Scam) to Scamwatch and Federal Police.

    Like

  39. The A Current Affair report from 2012 is now on youtube…..ready for the next instalment live soon across Australia.
    You can run but you cannot hide Kyle.

    Like

  40. All over A current affair tonight…Check your facts.God I wish I could punch him in the mouth.When he says you just punched my I could say check your facts ripoff merchant!
    Congrats to all you guys and gals who spoke up o the episode. ASIC etc are nothing compared to people power.

    Like

  41. Without Predudice
    Day by day the Mysol action group works to bring Kyle Hodgetts, Hodgkins, Todd, whatever name he is using, to court.
    The Mysol farce will be exposed.Along with the Free Solar Lighting episode…Nigel Francis Munt ..Google that one…you could not make it up!!!!!!!!
    ASIC, The Dept of Justice, The Dept of Fair Trading and the Police are now aware and investigating your actions Kyle.
    You can stop any further action by simply paying back the money you took from the Mysol scam…but you will not do that we know.

    Your time inside is coming…….every day we build a brick in the wall…the wall you will be looking at very soon.

    Liked by 1 person

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