Complaint Review: WTS World Trading Systems

WTS WTS WTS WTS:

THERE IS A SIMPLE SOLUTION: DO NOT GET INVOLVED UNLESS YOU SIGHT THE BETTING SLIPS, BOOK ACCOUNT DETAILS, FINANCIAL DEALER'S LICENCE AND FULL AUDITED PROFIT AND LOSS FIGURES ON ALL INVESTMENTS MADE. YOU ARE ENTITLED TO KNOW THIS. IN FACT, THE FUND MANAGER BY LAW, MUST DISCLOSE THIS TO YOU BEFORE HE CAN LEGALLY ACCEPT ONE CENT FROM YOU. IF THEY REFUSE TO DO THIS, (AND THEY WILL) THEN YOUR FUNDS ARE AT GRAVE RISK. Cut and paste from: www.larrypickering.net

These people ripped me and my mother and sister off for a lot of money. They get "happy customers" (whos friends they referred and who will eventually get ripped off) to rebutt comments made by the people they have already ripped off. I know of many many people who have been burnt by people like Davenport and his WTS cronies. This setup runs on referrals and is an illegal Pyramid scheme. The danget to "investors is that when they are shut down as they soon will be all the money will be gone. GET YOUR MONEY BACK WHILE THERE IS STILL SOME TO GET. I recently ran across and found this posting on the site. This site tells the story: www.larrypickering.net

"Many emailers have asked for information on the WTS current scheme. I will therefore try to answer everyone at the one time. I will try to make it clear what happens regarding Pyramid/Ponzi schemes which are essentially the same as that of WTS:

WTS certainly do not arbitrage, as they claim. That's simply a sales gimmick. Bookies would not let them on for the amounts they claim they invest. Anyway you can't arbitrage with one or even two bookies. Arbitraging requires at least 10 or 20 with an optimum amount of 80. WTS uses web information. Web sites can be very deceptive, as the host can post whatever he wants posted. He can delete, embellish, include or originate any material he wants! This is the same for on-line "client accounts" and "client forums." On-line "client accounts" are not bank statements.

Ok, Internet Bookies work on between a 1% and 2% margin. Rails bookies work on around 14% to15% because they have to pay a stand tax and turnover tax....(because they, along with the TAB, pay for the costs of prize-money and running the events). Internet bookies make money from sports but don't contribute to the costs of holding the events. Nonetheless, they all finish up with the same margin at the end of the day.

A bookie is not going to give away any part of his 2% margin to a bloke who is taking people's money to gamble with. Bookies pay out a 5% margin to "agents" only on losing bets.... and to anyone! But a losing bet is no good to anyone except the bookie and the agent. Ok, so far?

WTS, they say, were betting on the soccer but not taking the "draw". A draw on average occurs 35% of the time... that didn't work (obviously). So now they are betting on Ice hockey. If you were arbitraging you would invest on any arbitrage opportunity that was available, from soccer to hot-dog eating competitions. Arbitrage is not event specific! So, obviously they are not arbtraging any funds at all.

At the moment WTS say they can guarantee a return of 3% in the first week. I don't have to say how easy that is if someone has just taken a large sum from you. A Pyramid/Ponzi scheme (preventive legislation was enacted with severe penalties about 15 years ago) is a system whereby, as you introduce more clients you get further down the pyramid. The way to get new clients to introduce further clients is by showing the new clients a profit but at the same time locking them into a short-term deposit so they cannot withdraw their money until more money comes in from the new clients to pay them. The quicker new clients roll in, the quicker money can be handed back to the older clients. It can be highly lucrative.

WTS are acting outside the law. No person or company may solicit funds for investment purposes unless it is within one family and, even then, not exceeding 20 persons. Funds may not be "pooled" unless through a Licensed Fund Management System. ASIC are looking into all these schemes on the Gold Coast as I type. The big problem for clients of WTS is that when they are closed down, bank accounts will be frozen. Many people have previously lost large sums with WTS, therefore when funds are returned to "investors" via an Administrator, there will be little left when apportioned.

It is illegal to solicit funds for investment without a Financial Dealers Licence. Now, if they had a licence (which they certainly do not have) they are required by law, as a managed (in this case hedge) fund, to supply the client with privacy agreements, full disclosure agreements, risk management forms (that must be signed), disclosure of funds held and in what, Fund Manager Advisory, the client must supply a tax file No., Superannuation option and transfer forms, redemption application forms etc etc ...I cannot list them all but it would take a week to sign a trailer load of paperwork in order to legally invest private moneys in a Licensed Managed Fund.

Clients would be well advised to research the regulations regarding investment funds. WTS informs clients of what "bet" has been made prior to the event. The fact is that this "bet" was never made...it could not have been made because no bookie would allow them to make it. Bookies are not in business to make profits for the clients of WTS. Clients should also demand to see betting slips...but WTS refuse to do that. They may well gamble with the money if they want to...but that will only worsen the situation for them, because the bookie will always have a margin. The odds are that the punter loses and the bookie wins (that's how the bookie frames his odds and survives)....otherwise the bookie wouldn't take the bet...and certainly not in the volumes they claim!

WTS, according to one of their ex-staff, finds an arbitrage opportunity on the net (easy to do) and then tells all their clients that they have bet on both sides for them. The client feels involved and even watches the event to see the result. This is a nonsense of course. WTS apparently holds millions in "investors" funds and could never get those amounts down. They say they do, so ask to see the betting slip and the account details...then check it out (betting slips can be doctored). They will give all sorts of reasons why they won't do this, but that is what they are required to do by law if they were Licensed Dealers!

Some smarter clients have woken up to what is happening and the risk their funds are exposed to when the authorities decide to act. Others are happy to bathe in the delusion and accept a short-term return. They don't ask you to refer your friends, they don't have to. When you win money, they know you will naturally tell your friends, then your friends will tell their friends, and so on. So they make sure you get a good return. But you are receiving money from the friends you have referred. Someone must lose. That's the way a pyramid scheme works!

THERE IS A SIMPLE SOLUTION: DO NOT GET INVOLVED UNLESS YOU SIGHT THE BETTING SLIPS, BOOK ACCOUNT DETAILS, FINANCIAL DEALER'S LICENCE AND FULL AUDITED PROFIT AND LOSS FIGURES ON ALL INVESTMENTS MADE. YOU ARE ENTITLED TO KNOW THIS. IN FACT, THE FUND MANAGER BY LAW, MUST DISCLOSE THIS TO YOU BEFORE HE CAN LEGALLY ACCEPT ONE CENT FROM YOU. IF THEY REFUSE TO DO THIS, (AND THEY WILL) THEN YOUR FUNDS ARE AT GRAVE RISK.

Go to: http://www.investopedia.com/articles/04/042104.asp Or type in "What is a pyramid scheme" on Google. These Ponzi /Pyramid scams always sound very plausible but someone always gets hurt in the end and someone else (the operator) always finishes up with a lot of money.

Of course WTS has happy clients...if they didn't have, it wouldn't be a pyramid scheme. I have tried to answer all your questions. If I haven't please email me again with what I've missed. I cannot reply to all individually. Larry"

This is another post (it's mine) from the site:

WTS STAFF BEWARE!! Hi Larry (cop on to this. Bob) WTS is a fraud. Alan Davenport ex car salesman and fraudster. Worked selling racing programs scam for Rob Keogh and Troy Sheldon....running company for Jason Lazar (Well known Gold Coast crook...google him) They own other scam companies on the Gold Coast including Saint Gallens. Not too smart because they use the same Westpac bank accounts as Saint Gallens. The same documentation (different name on the top). And guess what....the same IP address to send emails from. I have screen shots of their IPs. because, as expected, they changed it immediately. (They have recently changed their name again) Now it's World Trading Systems Pty Ltd (wisely took the word "investment" out). OK...this is the way the scam works: WTS looks like its doing the right thing because they use these other companies to fund the accounts in WTS and fold the other companies as soon as they get "Hot" and start another one. There is an emphasis on WTS clients referring other people. So they pretend that they have traded a profit for WTS clients and suck more people in. Bloke I know has videos of all the staff for ACA. He has followed them to their homes. They are about to come unstuck. IF YOU WORK FOR THESE SCAMSTERS GET OUT NOW...UNLESS YOU LOOK GOOD ON TV. You can stay Nick. All over, boys... I'm on to you big time. You picked the wrong guy to steal from this time. MORE TO COME ON THESE FRAUDSTERS.

Regards Bob

Larry says: "What did they do to you Bob?"

These are other emails to the site...I suppose WTS reckons they are all fakes:

Hey Larry. Have got these mongrels now. I have got a surveillance team taking videos of their staff for ACA. Particularly that horrible Sandra that's if they are their real names. Ill send it to you as well. They actually followed them home. Wont be long now!

larry says, "I will see if I can get the video on the site somewhere. The more faces the better." ***********

Hi Larry can u post this on your site for me?

www.spectreholdings.com.au www.bluepointtrading.com.au

Spectre have now become Blue Point Trading. Enclosed are pages from the websites showing these two above companies' client login pages....both show the same IP address in the url (address) bar....definitive proof that they are the same.....also told found out today that spectre has gone into liquidation!! Clients' funds in Bermuda.

Guy behind it all is a bloke named Rob Stewart...con man...been on aca..today tonite etc...his personal mob is 0407800400...

Also another one www.outlaysolutions.com.au .....formerly worldwide marketing....site shows pictures of big buidings that they work from....found them working out of a shed above a paint shop in burleigh waters......guess what!....Saint Gallens is about 3 sheds down... They are popping up like flies.

regards, Graham

Larry says "s**t tends to attract flies, Graham...well done!"

*******

Larry, just showed a few of your pages to a mate who invested with WTS. He shat himself. keep it goin, Al.

Larry says "With all the people shitting themselves over this mob mate, we need to build another sewage works"

******

Are spectre trading and arbitrageadvantage scams. Can you get decent returns from them? Alph

Larry says "Indecent, more like it"

*******

Hi Larry

I used to be in this game 12 years ago but too many crooks got involved for me. You will not get your money back unless you introduce other people to be scammed.... Take WTS, they have not been going for 9 years as they say. That is a lie. Anyone can buy a defunct company that has been registered for a period of time and change the name. I know people who work there under false names. Your "friends" can recommend you "invest" $10,000...that's how they get "some" money back. You will get nothing unless YOU introduce further people to be scammed. It's the oldest "drip-feed" "Ponzy" "Pyramid" scam in the World. I heard Alan Davenport recently sold the business to a Robbie Keogh (partner) who now owns another mob called Rhodes Peninsular. Both dodgy, I would think. The reason they sell the business to each other is so when people demand their money back, they say the former company is responsible ....not them...yet it's still they who have your money. They work out of a small place in Ashmore.

Apparently they say they only invest 8% of the "bank" ...how silly is that? If it's genuine arbitrage why only 8% ...arbitrage can't lose...but these crooks can, because they don't know how to arbitrage and don't actually invest a d**n thing. They just shift the funds around...drip feeding it back to the people who complain the most, until they get so many angry clients that they close shop or sell the company to a partner, keeping around 80% of the funds....and start again under another name. It's a drip feed operation Larry ...tell them to reverse the credit card transaction with the bank before the scamsters disappear ...if they have actually given them any money ....and post them on "ripoff report.com" before more people lose there hard earned cash. Regards, Ballock

Larry says "Not too much Bollock in that, Ballock!"

*******

Hi Larry

I was just wondering what is your motivation to expose those racing and betting scams. You seem passionate about it. Where does it come from and why waste time writing all this up? Thom.

Larry says, "I was thinkin about exposing myself but my missus would get upset....so this is the next best thing!"

*******

Hi Larry, Can you explain to me how the WTS investment idea works. I have been told by a mate that its a sure thing and I carnt lose my 10,000, I will just reap rewards. Thanks phil.

Larry says, "Get a different mate, mate." ********

Hey Larry Thanks for the info. I paid via Bpay not credit card but I am hoping it means the same thing. I am assuming that the original account I paid into is probably dry so getting the bank to reclaim the money would be difficult. I do have the details of the new WTS account ! that might help. Thanks anyway I will look into it.

On another note I did try to research this company on line 12 months ago to see if I could find any dirt before signing but found nothing! I would have thought there would be blogs etc everywhere on these fraudsters. There still is not much that I can find. How can I get the word out to help warn others.

Regards S&M

Larry says, "Yeah mate Go to rip-off report.com and post them. its all too late by the time ya find out who they are ...then they have changed their name again!"

********

WTS Investments is a scam? Bloke by name of Allan Davenport reckons he purchase the company in december 2007 and is now the director and everything is legit. Is it a scam? If so, how long before it all collapses?

Larry says "shouldnt be too long....maybe yesterday" *******

Larry, Tell that lady to stay away , arbitrage makes sense but these guys simply do not do what they say they will and they use the guarantee of money back as there big gun to sign you up . A guarantee that I have asked for and it has gone with Tony Shelton and Robbie Keogh . WTS is now since 7 Nov 07 just been been brought out by surprise surprise Alan Davenport according to a letter I received from WTS recently after asking for my guarantee back. Very interesting that Alan originally sold it to Keogh. Tell your lady friend to beware of a old fellow that currently says his name is Paul Gray! 12 months ago when I signed up , this man with all the promises went by the name of Robert Ryan. I spoke to Robert at least 15 times! now I may be stupid for signing up , but they really do insult your intelligence when they ring you and try to tell you there someone else when you recognise their voice straight away. Robert now go's by the name of Paul Gray (Paul Gray say's he sounds like Robert Ryan ! who of course has left WTS) !!! for all I know he could be Robert Keogh or Tony Shelton or Alan Davenport who would know with these lying oxygen theiving bottom feeders.

Anyway the lastest is that they can not give back the guarantee of $6600 because that is for Shelton or Keogh to honour not WTS , which I think is BS, but they have offered to sign me up free to a new contract and put $1000 in my new trading account which they want to trade 10% of account instead of 8% and take 1% of the earnings.Very generous of them !!!!Alan Davenport must be annoyed that Shelton and Keogh took all the money sold him the business and now Alan needs to give everyone a $1000 bucks! does not sound like an itelligent move to me. I should give you a recording of Mr Ryans or Paul Grey voice so you can play it on your site ! people will then get to listen to this alledged criminals voice and stay clear no matter what name he go's under. I am currently seeking legal avice from a friend who is a barrister , so I plan to at least be a thorn in there side whilst helping others avoid this trap that seems to be acceptable behavior as they keep doing it and never have to explan themselves to authorities. Regards

Macka

Larry says, "I will have a word to my lady friend" In the meantime post them on ripoff report.com"

*******

i showed your advice to a friend who was keen to throw his hard earned in the supatab "Ferrari fund". He now has seen the light. Thanks Larry...

Larry says "s**t car mate...only does 0-100 in 3.8 sec"

*********

What can you tell me about WTS Investments? Please provide as many details as you can. Paul

Larry says, "Sorry 'Paul'... I know who u really are, I have ways. And hopefully a few people u have stolen from know where u live too."

*******

Hi Larry,

thanks for your email. I'm in a bit of pickle at the moment, I live in the UK, my Aunty lives in Sorrento, a bit south of Ashmore if I remember correctly. My whole family have filed applications to live in Oz because, well, the UK is slow becoming a big pile of rancid sh** which makes it easier for us to leave. My Aunty, who, bless her had only recently recovered from cancer treatment took out a loan of $200,000 to renovate a house that she (and hubby) bought as a retirement investment. When they heard from a friend of a friend that this amazing deal was going on, they decided to make haste and 'invest' without investigating it first - you tend not to if a family member recommends it with great enthusiasm, trust etc. Anyway, to cut a long story short, she's put in about $80,000 (a big chunk of the loan they took out), she still (to our incredulity) isn't convinced that it's a scam - remind you of something? gambler's fallacy?. My mother wants to help her, she's my Aunty's twin.

My mother has, ahem, asked me to ask you if you could give me your phone number to give to her. I said you wouldn't give it out, so she suggested that I give you her phone number so you can phone her and allow her to ask you for advice. She's really worried about my Aunt, she's afraid that the illnesses might come back due to stress.

My mother's phone number is, now bear in mind it's a UK number so you'll have to put some sort of code at the beginning: +44 ...........

She'd really appreciate your phone call. She doesn't know what to do, especially being 10,000 miles away!

Thanks Larry,

warm regards,

Larry says, "Mmmmmm, No worries mate...this is that WTS mob. I think I will pay them a visit with some other 'friends' who also want to see them."

********

Victim of WTS SCAM, Iwas introduced to this scam Paul Walton,escavator contractor,does his name ring a bell,my husband and Ihave put in a total of60.ooo, yeah Iknow have been had!Wht can we do now, this was only two weeks ago,went to the Ashmore office, Gold Coast,met Paul Grey, also Alan Davenport,appreciate any advice!!!

Larry says, "Post them on rip-off report.com and reverse any credit card if that's how u paid...better hurry I hear they are packing up. Will talk to you privately"

*******

Hi Larry, have you heard of Arbitrage Advantage? They've been running for about 3 months and they're supposed to be a bookies type thingy (not really sure what you call it) where you pay a licence fee of $6,600 dollars and they bet on your behalf. My mother and her sister have invested (with great excitement) about $80,000 with them and mentioned a guy call Alan Davenport - a really nice guy she says. the work out of a place in Ashmore. Is this legit because I'm having my doubts.

Larry says, "No it is not legit and if Davenport is a nice guy, so is Dracula!"

*************

Message: Hi Larry and readers, I think it is a great thing to keep people abreast of those who are taking people's money and not making good - I have a trading account with WTS and have made a healthy profit and draw on those funds. To this point I am happy with Alan Davenport and his plans for WTS. Maybe I'm just lucky but I've introduced my family to this so I'll keep my eye on it and keep you posted if you wish. Best wishes.

Larry says, "Hi Kylie. Do you really enjoy working for these scamsters?"

*******

Hi Larry

This may be of interst to you. I am a successful investor in stocks and shares and a licensed Advisor. I was approached by a person calling himself "Paul" from this WTS company who suggested he was awash with clients funds and wanted to invest them with a reputable agency. I researched the company and quickly discovered the type of people involved, and their MO, so declined to take their funds. My question to them was that if they were involved in illegally soliciting public funds to invest on behalf of their clients, why would they approach someone else to invest those funds for them? I won't be touching them under any circumstances. It appears to me that they have taken substantial public funds and are running scared about what to do with what's left of them.

In fact I have reported them to ASIC. But ASIC arent the most resolute of bodies.

Regards

Winston

Larry says, "Thanks for the info Winston.... yep they have a lot of funds that are disappearing very quickly....and I think I know where...there is a client who has discovered bank accounts of theirs. Will be making an announcement to the ATO and the poilice soon. ...they must be worried because they keep emailing this site trying to pretend they are "happy" clients. I can get behind the IPs and find the links so I know who they are and their connections....now they are emailing directly"

***********

Name: Email: Phone: withheld

Message: Hi Larry, we were considering investing with Alan Davenport of WTS investments Pty. Ltd., Suit 4, 115 Currumburra Road, Ashmore, Queensland. 4215. So this is the arbitrage Co., you are refering to. Unfortunately a friend has already placed $15,000 into the fund. I hesitated because I didn't like the condition that money could not be drawn for the first 6 months.

Regards,

Linus

Larry says, "that's the one mate.....it's good to have 6 months' head start if you are going to rob someone". ********

Message: Hey Larry. A mate of mine just invested a large sum of money with WTS and is convinced it is not a scam. I was going to do the same, but decided to do some research and came across this page. Would you possibly be able to email me as many details as possible about this company. Much appreciated mate.

M Pidgeon

Larry says, "Mmmmm. Of course hes convinced it's not a scam....hes just started....and I bet he's trying to get you involved...that's the scam...try to get his capital back and you will find its all smoke and mirrors on a web site with an account that can show anything they want it to show to keep your mate happy. They will drip feed your mate until he get his all mates involved and then "poooof" gone. Then they'll do the same to you. Just like my personal friend who lost $70,000 with these thieves. I can put you in touch with some of these poor buggars above if they will agree. Or you can easily see it for what it's worth. BTW people who usually want more details are people from WTS."

*******

Gidday Larry

Read your site with interest. The question I have is why bother? I mean if people are silly enough to give a company from the Gold Coast hard earned cash on a promise of getting some of it back....then surely they deserve to lose that cash. I mean just what IQ's do these people have. And then they complain when they DO lose it....They can only be angry at themselves for being so silly. Anyway I'm more interested in your Biog excerpts ...whens the next one?"

Larry says, "I can only post what they say mate. Some get angry, some get even!" ************

Hi Larry, Do you relaize that WTS just gambles the money on soccer and crosses their fingers. Bloody hell anyone can do that! It's a gambling scheme where you give then your money to gamble for you. WOW! You mean the people on this site actually did that? I reckon I'll start up one of these companies myself. It would beat the hell out of the bricklaying job I've got now!

Larry says, "I hear it's Ice Hockey now. Better stay with the bricks and mortar mate. You dont go to gaol for laying bricks (and you sleep well at night)"

**********

Name: withheld Phone: withheld

email: withheld

Message: Hi Larry, I think I get the idea everyone is saying the same thing about WTS. I know people who invested in this company so far so good but I have been warning them because I did a lot of research about WTS and all I find is that word "SCAM" and a pyramid type scheme of referrals. Do you Know Paul Walton at all? Is he part of this company? I have met him in fact I nearly sign up with him (lucky it didn't happen). I also know someone who applied for loan so he could join WTS but I talked him out of it. I just hope that these people I know who signed up with WTS will get their money back. On the other hand, after finding out about sports arbitrage, I thought I will give it a try as in placing bets by myself. Does people really make money on it?

Larry says, "Yes you can make a profit using arbitrage software but these companies don't do that ...WTS simply bets on the soccer. (Now Ice Hockey). Has to lose sooner or later. When the losses add up "phoooof" gone ..... with all your capital. Cannot believe that people are that stupid that they can let other people gamble with their hard earned....got me stuffed mate!" *******

Hi Larry,

thanks for your email. I'm in a bit of pickle at the moment, I live in the UK, my Aunty lives in Sorrento, a bit south of Ashmore if I remember correctly. My whole family have filed applications to live in Oz because, well, the UK is slow becoming a big pile of rancid sh** which makes it easier for us to leave. My Aunty, who, bless her had only recently recovered from cancer treatment took out a loan of $200,000 to renovate a house that she (and hubby) bought as a retirement investment. When they heard from a friend of a friend that this amazing deal was going on, they decided to make haste and 'invest' without investigating it first - you tend not to if a family member recommends it with great enthusiasm, trust etc. Anyway, to cut a long story short, she's put in about $80,000 (a big chunk of the loan they took out), she still (to our incredulity) isn't convinced that it's a scam - remind you of something? gambler's fallacy?. My mother wants to help her, she's my Aunty's twin.

My mother has, ahem, asked me to ask you if you could give me your phone number to give to her. I said you wouldn't give it out, so she suggested that I give you her phone number so you can phone her and allow her to ask you for advice. She's really worried about my Aunt, she's afraid that the illnesses might come back due to stress.

My mother's phone number is, now bear in mind it's a UK number so you'll have to put some sort of code at the beginning: 0044 1406 764 906.

She'd really appreciate your phone call. She doesn't know what to do, especially being 10,000 miles away!

Thanks Larry,

warm regards,

Larry says, "Thanks for permission to post your email. Of course I will make the call...good luck. I will do all I can to help."

*********

Name: Tuck and buddies Email: withheld

Phone: withheld Message: Larry, If you would be so kind as to let a few Navy buddies know where these WTS people live on the gold coast and what cars they drive... as they took from one of our mates who is a gulf vet and has a few medical problems... we look after our own... leave the address on our email.

Larry says, "They'll obviously know of this poor bloke...they are in Ashmore somewhere, another client has pics of their cars. They said they would send them. I'll leave the address that I have on u email. Hang on...it's on a previous email somewhere. here ya go...I cut and paste: Alan Davenport of WTS investments Pty. Ltd., Suit 4, 115 Currumburra Road, Ashmore, Queensland. 4215."

*********

Lauroit

Phone: withheld

email: withheld

Hi Larry

Heard on the grapevine that scam co Market4ce went belly up. The bastards got me. The chap who ran it was a Craig Duffy. I've met him at a club in surfers paradise. Greasy looking fellow. It now appears that he has opened another scam operation called www.sportsarbitrage.com.au Same old stuff. But he has about 4 or 5 different names for it "Suretrade" "linesmaker" Sportstrader" etc etc. I know it's that crook Duffy because I know the bloke who did his website. I'll fill you in when I find out some more.

Larry says, "Web site looks incomplete with no contact details. Ive also met Duffy a few times, in fact he installed a billiards table for me ....I say no more."

*********

Malcolm D

Ph: withheld

Hey Larry,

Lauroit is right. I was approached by Craig Duffy to go work for him at this new sports arbitrage PL. He is doing the rounds of the other operators on the Gold Coast trying to get staff. Duffy couldnt run a free brothel, so I declined.

Larry says, "Sounds to me like you already work for different scamster Mal. Did you sell to poor Lauroit?" *******

Phone: withheld Message: Hi Larry

I read the entries on your site regarding the shonky people involved in Spectre and note that someone has already started doing some work on tracking them down, I would be interested in making contact with anyone who has some information on these people, we have some interests in common. If you can assist I would appreciate it.

Regards

Renny

Larry says, "Ill send ya what I got mate. In fact what I got is here on the site but some posters say there is more coming."

*********

Name: Nina Smith Email: nina@rts.com.au Phone: 0404011338 Message: Spectre trading has ripped me off and my ex husband and his mate, that I know of personally. They need to be brought to justice. I gave my last lot of savings to them. I am willing to do whatever to see justice done!!!

Larry says, "Another email says that Spectre have changed their name now to Blue Point Trading P/L..... good luck! They have your money."

********

************

> Date: Fri, 22 Feb 2008 09:23:05 +1100 > To: info@larrypickering.net > From: eli bevans > Subject: larryPickering

Your not Larry he knows who I am... Suck d**k wanabe. Expect Hell to rain down on you, you have ticked off the worst people possible.

Whats the matter buddy to busy to talk to me, nothing better to do then play on the web. You are obviously loosing money and time you f***ing dirt pipe you know where I live, come around so I can put a hole in your head and ill get my dog to f*** ya...

Larry says, "Good to see the quality of staff at Saint Gallens, AKA WTS, AKA Rhodes Peninsular, has improved. You are right Eli, they probably are the worst people possible to tick off. Ok what's your address, I like dogs."

************

Hey Larry

He he I can lend ya my great dane. He likes other dogs too. For breakfast that is.

regards, Paul.

Larry says, "I'm flattered by the proposition actually. I just hope Eli's dog doesn't want a long-term relationship... a one night stand with a dog?...wouldn't be the first time."

*************

Goodness me Larry,

Do ya want me to get a video of the dog too?

Larry says, "Rather not mate...allow us some privacy...please!"

***********

Hi Larry,

What are you doing man? Why get down and dirty with these bottom-feeding rascals. It doesn't do you any good to be seen to be responding to people who are involved in these scams. Also if stupid people want to give these companies money for any reason, then that's their business. My family remembers you for your work not this sort of rubbish.

T D Forrester

Freemantle.

Larry says, "To tell the truth Damien, I got a bit tired of stuff on the net saying I was involved with all these Companies. I am not of course, so I figured I would name them all as scams and suggest no-one has anything to do with them, rather than try to deny all the nonesense. It worked! What amazes me is how many people are involved and how come the authorities do nothing to close them down. Mmmmmm. you wonder where the money goes."

**********

Name: withheld

Email: withheld

Phone: withheld

Message: Hi Larry, I got my money back in full off wts ( after several threats ) give me a ring and I will tell you how I done it. Very interesting. Thanks

Larry says, "If I call you I will need to interpret what you say. Better to tell your story yourself and then post it. There will be many people interested in what you have to say in email."

*************

Name: john Email: dallema@hotmail.com Phone: Message: Have you heard of csi arbitrage, another scam selling arb software, only gets it right 4 times out out 20. So you might as well back the favourite on a horse race...

Larry says, "What's the dirt on them?"

**********

Alan Newton

iasaustsupport@gmail.com

Phone: 1800 073 064

Hi Larry,

I dont think John will find any "dirt" on CSI. Four out of 20? More like 20 out of 20 if its really arbitrage. We only sell genuine arbitrage trading software. We do not take people's money and not return it. Some of your postings are quite scary in respect of real arbitrage. Happy to show anyone our product. It would be like a breath of fresh air if only half of what I read on this site is correct.

Regards Alan Newton

Larry says, "All I can say is be careful....people who take money from you to trade for you are acting illegally...without full disclosure, prospectus and Financial Dealers' licence it's gaol territory....which is where I reckon some of these guys (including salespeople) are going soon."

********

"RE: Crown Wagering / Racing *EVIL*" Hi all. Some homework has been done on these creeps and we at last have some reults with more on their way. NIGEL MCWILLIAMS is the crook behind most of these....he was involved with CROWN RACING, IMG, FUTURE MARKETING GROUP and many, many more....you name it, he wouldve had something to do with it. His brother plays rugby league (used to play for the Cowboys). He has been tangled up with a group that includes JOHN DEVIR (aka JOHN DEE)....just do a google search on him, been in court on several counts but mkeeps getting off...JASON LAZAR (same...in and out of court...just google him) some other guys named ROB, GARETH (the computer programmer), PHILIP CROPER who was charged with extortion for trying to get money out of Russell Crowehttp://www.maximumcrowe.net/maxcrowe_badboy.html or just google it yourself.....the list just goes on and on. When confronted once about money owed he blamed it all on another slimey associate of his called LAURIE MURPHY....together they and their wives scammed with a company called VICTORY which claimed to do all the same things as the others. There is more background available on these slime balls....if you want to know anything about any of them just let me know....I am currently getting information from one of McWILLIAMS ex staff members (and ex-bonking partner I believe...lol).

More contact details will follow but for now here is the mobile number for NIGEL McWILLIAMS.....0404 374 774....feel free to contact him and let him know your thoughts. He lives in style on the GOLD COAST (where else) with the rest of his scumbag mates.

There will be more details to follow as they come to hand.

Larry says, "Havent heard of them...it would be nice if you had a name tho. Anonymity is neither brave nor necessarily credible"

*******

Corinne

Phone: email: withheld on request.

Larry

If theres one thing I do know its that if a company asks for referrals for you to be successful, then it's a pyramid scheme (illegal) and someone pays dearly further down the line. I know ...Ive been burnt bad as a person further down the line.

Larry says, "Who would argue with that, Corrine....who was the company?"

*********

Hi Larry, Please keep my name out of this but this is what happened. I was told that the $6600 Subscription money was not refundable and that I would have to take it up with the old directors. I saw red and performed a company search on WTS. As Alan davenport was hard to track, I decided to chase the other director Julie LeFranc and it turns out it is Alans wife/partner. I spoke to her and told her that if I did not receive $8100 ($6600 subscription +$1500 lost trading money in Topsport) in 3 days I would send someone to her workplace to collect it. She was easy to track down, she is a phychologist in Southport. I had my money in 2 days but also had dramas with the police as they panicked and notified them. All was good in the end as I got my money in full and they did not follow the police thing any further. Isn't it funny that the guy that resolved the issue named Lee Hudson sounded just like Alan Davenport and Ken Lewis. Please don't post my name with this info, but by anyone doing a company search and then googling Julie LeFranc they will find out same info. White pages search only revealed 1 LeFranc in QLD and this provided phone numbers. Check out the attachments. Let me know what you think. Gotta luv the net eh!!!!

Hope This Helps others to get refunded

Larry says, "Mmmmm. Name deleted. Won't they know who you are anyway? Wonder why they paid you when they say they are not responsible for the debt? So Davenport hooked up with a psychologist....you must have driven him nuts!"

*********

Hi Larry (Names withheld.)

Was referred to your site by a client. I don't want our names included because I dont want this to look like an advertisement. I simply wish to make a point: There are genuine arbitrage traders in the market and it is disappointing that the Gold Coast scamsters include the word "arbitrage" in their material when they have nothing to do with arbitrage. We are qualified national accountants who operate and market Arbitrage software. We do this very successfully to select clientele and hope that these disreputable people are brought to heel. Not that it hurts us in any way as our clients make good money from trading and would not be involved with these sort of companies anyway.

Regards (withheld)

Larry says, "Havent heard of your company, and havent had the time to look into it...but good luck!"

********

G.B. and mates

Hi Larry,

So Julie Le Franc, Southport psychologist, is Alan davenport's director and missus, eh? Well I'll be.....

We got involved with these scamsters and lost our money. With all my problems now, I should risk getting ripped off again and go for a consultation.

Let's see...

Julie: "You hate your mother, don't you Gary?"

G.B.: "No, just your ol' man, Alan Davenport!"

Julie: "Why is that?"

G.B.: "The b*****d shafted me....sob sob."

Julie: "Look, don't feel alone and sad, Gary...he does it to everyone...even me!"

G.B.: "Oh, thanks Julie, I feel much better now....how much do I owe you?"

Julie: "$10,000 but let's talk about this...How many people can you refer?"

G.B.: "Buggar! I feel alone and sad again. Can you refer me to a decent psychologist?"

Julie: "That could be expensive Gary....look, how much have you got?"

G.B.: "Nothin', now!"

Julie: "Well what the f*** are you doin' on my couch? Look, I'll refer you to someone up the road...his name is Alan, he's helped a lot of people out in your situation....do you have any friends to refer?"

Larry says, "That would be funny if only it was funny."

*********

Richard

Hey Larry, Wanna know who this coward jerk off Bob Hunter is?

Larry says, "Already know who they are mate. Thanks to the dirty trail they leave and a Google subpoena. They can expect a knock on the door from the very people they don't want to see very shortly." *********

Y'know, I was thinking... I was reading one of your posts about a lady psychologist by the name of LeFranc and how she's the partner of Davenport. It could explain why they're so good at manipulating people into believing that their scheme is viable. These investors are probably made to feel guilty at some point in the hope that they will keep their investment with Arbitrage Advantage. Then they pull the ultimate line and say something like "Tell you what, we'll give you a cheque for $10,000 (from a $100,000 investment!) as a gesture of goodwill, to show you there's no hard feelings." Then of course, the angry investor goes away thinking "Wow, that was really nice of them, they're such nice people...maybe I should stick with them...I mean, they wouldn't shaft me...would they?... after all they're such nice people and they've given me $10,000 as a gesture of trust...such....nice....people.....".

I wonder how many people have been in this situation.

L ps - you have permission to post this on your website.

Larry says, "Amazing what people will do and believe."

*******

J. Poole

Warracknabeal, Vic

Hi Larry,

Ok, there are two possibilities with this Julie LeFranc woman.

1. She gives free lessons to Davenport on how to psychologically entrap honest citizens into his scams, and she in it with him right up to her neck or

2. She has agreed to be a director without having a clue what the scamster is up to.

Larry says, "How about a free psychoanalysis with each "investment package" he flogs?"

Bob hunter Gold Coast
Australia