Report: #493018

Complaint Review: Luxman Trading Concepts

Luxman Trading Concepts Do NOT fall for Luxman Trading Concepts and their false promises. Marina Del Rey, California

Reported By:

Jaywing — Oak Bluffs Massachusetts USA
Submitted:

Fri, September 11, 2009
Updated:

Fri, September 11, 2009

Luxman Trading Concepts

Admiralty Way

Marina Del Rey, California

United States of America
Phone:
Category:

Investment Brokers

I received a cold call from Luxman Trading Concepts representative Ward Thomspson claiming the following: 1) He was a skilled computer programmer with years of experience in military and civilian computing. 2) He worked for Luxman Trading Concepts, a company that offered cutting-edge auto-trade programs in the e-mini stock market that yielded consistent returns at the price of $6000(plus $5000 for 2 trading contracts). 3) If the company failed to produce profits in 6 months for me I would receive a full refund. 4) I had to act quickly because there was only one slot left. 5) If I had any questions, I could call him anytime.

Well, I failed to do due diligence and 6 months later I found out the following:

1)There is no mention of Ward Thompson on a Google search. 2) The Luxman program lost 59% in equity over 6 months. 3) When I asked for a refund, they promised it would arrive soon....and then silence. 4) The "limited time only" was a complete lie. 5) Ward's phone was disconnected.

I was lucky- after 3 months of wrangling I was able to extract the full $6000 refund. It sounds like others were not so lucky.

DO NOT FALL FOR THIS COMPANY. THEY ARE DISHONEST AND DISHONORABLE! SCAM SCAM SCAM!!!!!

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