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  • Report:  #328235

Complaint Review: Kent Woodhouse Associates Afl Arbitrage - Gold Coast Australia, Internet

Reported By:
- balingup, Other,
Submitted:
Updated:

Kent Woodhouse Associates Afl Arbitrage
3070 Gold Coast Highway Surfers Paradise Qld 4217 Gold Coast, Australia, Internet, Australia
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
I lost all my money and I couldn't afford to!!

It would seem this proud Australian Company just robs people. I was lucky enough to find this forum after I googled Kent Woodhouse Associates, after rceiving a letter claiming they had "rebranded" their services!

Formerly they were AFL arbitarage systems.

How familiar this must all sound to you Kimbilie, Paul, Trevor, Susan, David and Irene......... it would appear I am victim number 7 of this scam (I'm sure there are many more of us that haven't yet stumbled across this excellent site for exposing scummy frauds).....and that is what these people are...

I also received a glossy brochure with terrific returns which seemed way to good to be true.......

I was later contacted by a "Dave Chapman", and boy was he an "operator".

(probably not his real name anyway, but thought I would post it here in case)

I have been in sales and sales management for over 25 years and never been taken in with a sales pitch in my life....I can't believe how smooth this guy was and if he wasn't scum I would offer him a job and retire on his sales figures............Sorry just bitter at falling for it!!

Anyway, "Davy boy" had all the answers and I bought it lock, stock and barrell. Cost me $11900, and I put it all on my credit card after being pitched that I would make that back inaround 6 months of their perfect arbitrage system.

$9000 plus GST was for the trading and brokerage charges, whilst $2000 was to be put into my trading account at returns promised of beween 4 and 6 % per week, yes per week, not per annum.....

I did the sums and research arbitrage on the net and it all seemed to ad up.

The beautiful trap was their performance based fee, if they didn't perform they didn't take a percentage.........how ironic, they didn't perform and didn't get their percentage, but guess what they don't need it!!!

How many people have they ripped off to the tune of $9,900 they only need 100 suckers to make a million bucks and disappear to the South of France or wherever they want......

My account with these fine upstanding arbitrage PIRATES, now stands at a measly $316.89 after 4 months.....WOW, what clever traders they must be!

Hope it all comes back to bite you fine upstanding corporate citizens on the bum....

ps thanks for naming the Directors as well Michael Scnieder and Jeff Kent, bet thats not their real names either..........

Any ideas on how to get our $$$ back guys apart from ASIC etc,

I have written them a letter, but they seem to think it's a legit gambling scheme and if you can't afford to lose, don't play....

John

balingup

Australia


3 Updates & Rebuttals

Trevor

Auckland,
Other,
New Zealand
IMPORTANT UPDATE RE YOUR AFL INVESTMENT AND REFUND

#2Consumer Comment

Tue, July 29, 2008

Hi, A group of us investors of AFL/Kent Woodhouse in NZ and AUS have got together and have made an important discovery re how to get our refund money returned to us. You can contact us by following these steps: Do a search on Google of the name "Kimbilie" You will see a link to Kimbilie's myspace page right on top of the search results list Click on this link and it takes you to her myspace page where she has written a blog called MY RIP OFF REPORT Click the link next to it which says View More It shows you the copy of Kimbilie's ripoff report. If you keep scrolling down the page, you will see a number of comments and the first one has been posted by Tina which gives her email contact details. This is how you make contact with the rest of the group, as ripoffreport does not give out email addresses or any other contact info even if you put it in your report, due to privacy reasons as per their policy. Please get in touch immediately since we need to move forward with our plan to get these scumbags before it's too late. Trevor


Susanmalcolm

Cns,
Australia,
Australia
Remember where there is a will..there is a way!!! Determination

#3Consumer Comment

Fri, April 25, 2008

Hello John, I logged on this morning to find yet another two victims of these wonderful upstanding citizens that now want to take me to court for defaming remarks against the company. What could I, you or any of these other hard-working people be saying nice about a company who had no intention of trading our money for us. There is absolutely nothing positive to be said whatsoever Like you I sent my letter to ASIC and they confirm they are not the correct govenment department to handle this case. My advice to you, just as Trevor says...google the name Kimbilie (and you will find some new found friends in the same boat as you). Whatever you do...don't give up hope making contact, I can give further info to you. Susan


Trevor

Auckland,
Other,
New Zealand
Yes, help is at hand

#4Consumer Comment

Thu, April 24, 2008

First, do a search of AFL Arbitrage as well as Kent Woodhouse on ripoffreport.com and read EVERY report that comes up as well as ALL the consumer comments attached to the different reports. You will realise that you are certainly not alone in this. The only way we can have any hope of getting our hard earned money back from these scamming rogues and not letting them get away with it, is by joining forces. If you Google KIMBILIE, you will find a way to help yourself and the rest of us. The worst thing you can do at this point is to give up hope. Trevor

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