Commercial Securities?

[Seal]

Has anyone heard of Commercial Securities? They are trying to sell me a program which they say profits 50k per year on betting on horses!!!

Commercial Securities Pty Ltd…
First and foremost, I would like to thank everyone whom has contributed to this thread. Had I not come across this forum and read through everyone’s comments on Commercial Securities’ investment proposal, I too may have ended up in the deep end.
I too was contacted on my mobile by John Morgan of Commercial Securities offering this unbelievable investment opportunity. $8800 membership fee for three years and $1000 to $10,000 in a trading account that I can access my funds through. I was told that if I were to invest $1000 to start, it would build up into $10,000 in 4-6 months. Then I would be contacted to withdraw some funds ensuring I don’t go over the tax free threshold so the earnings on the account would be tax free. John also said my share portfolio earnings would not affect this tax free threshold as it is separate from the Gaming Industry.
They claimed to have purchased a software package from Kerry Packer before he died that predicts and makes their selections in the horse races. Also the bloke that advised Kerry Packer in his investments/trades is now working for Commercial Securities, just to put some cream on it.
I have been contacted by John twice so far in the last two days but have put him off, leading him to believe I am sourcing funds and discussing it with my spouse.
Of the 200 lots available in WA & NT, yesterday there were only 7 lots left and today there are only 2 lots available, to create an urgency.
They are listed as registered on ASIC’s website and their ABN & ACN are current. Their registered office is located in Southport, QLD 4215 but the info I got from John on an email shows they are at 65 Hume Street, Crows Nest, NSW 2065. They have changed their address with ASIC three times since Aug 2009. There is no way in God’s world I would invest my hard earned dollars in this company, there are too many red flags for me. Some questions I have asked myself are…
1.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?
2.How can a machine/software predict a result where luck or unforeseen events are involved?
3.Why would a man as astute as the bloke that advised Kerry Packer want to waste his time working for this company and sell his expertise to me.
4.Why have they changed locations several times? This may give you some idea about the history and stability of the company.
5.Has the company sent ASIC any financial details? I couldn’t find any.
6.Who are the directors and company officers? I couldn’t find any.
7.Who are the members of the company? I found more through this forum than through the company themselves.
8.Why would someone sell me a system that can guarantee them a profit if they kept it for themselves?
9.If it is so great, why haven’t I heard of it before and why isn’t everyone doing it?

Sorry this is so long in the tooth but I don’t think I would invest in them and I hope this helps others to protect themselves from the dangers of these kinds of people. I will be reporting them to ACCC shortly.

My internet investigations found the following useful websites...

Australian Securities & Investment Commission (ASIC) website,

FIDO website; Financial Tips & Safety Checks,

FIDO website; Tricks of Telephone Investment Frauds,

FIDO website; Cold Calling Phone Investment Scams,

Australian Competition Consumer Commission (ACCC) website,

From the ACCC website; there is a link to…
SCAMwatch/Investment scams (get-rich-quick)/Sports investment scams,

Quarkbase website; This is a website that enables you to search for information on any website. In the Social Comments section of Quarkbase is where I came across the Aussie Stock Forums website.
From Quarkbase , I also came across another company in the USA, JP Morgan Chase Commercial Securities Corporation. The person to contact me from Commercial Securities Pty Ltd was John Morgan.
It’s amazing that the names are so similar; I wonder if that is where they got the idea for their company name.
Search; commercial securities on Quarkbase

Austrade website; Australian Trade Commission,

Do Not Call Register website; Cancel all incoming telemarketing calls,

 

[Another One1]

Whats 33 bucks, it gets you the report which tells you who directors and share holders and past changes.

COMMERCIAL SECURITIES PTY LTD

This computer produced extract contains information derived from the ASIC database either from documents lodged with the ASIC and processed as at the stated date of the extract, or from records supplied by previous state and/or territory systems.

Please advise the ASIC promptly of any error or omission which you may find so that they can correct it.


Company Name COMMERCIAL SECURITIES PTY LTD
ACN 064042048
ABN 18064042048
Place Of Registration N/A
State Of Registration QLD
Previous State No.
Date Registered 23 Mar 1994
Extract Date 10 Mar 2010

Current Organisation Details

Name COMMERCIAL SECURITIES PTY LTD
Details Start Date 22 Jun 2009
Details End Date N/A
Name Start Date 22 Jun 2009
Company Status Registered
Company Type Australian Proprietary Company
Company Class Limited By Shares
Company Sub Class Proprietary Company
Date Deregistered N/A
Reason Deregistered N/A

Previous Organisation Details

Name PIGSTONE PTY LTD
Details Start Date 28 Jun 1995
Details End Date 21 Jun 2009
Name Start Date 28 Jun 1995
Company Status Registered
Company Type Australian Proprietary Company
Company Class Limited By Shares
Company Sub Class Proprietary Company
Date Deregistered N/A
Reason Deregistered N/A

Name FINANCE SYNERGIES PTY. LTD.
Details Start Date 23 Mar 1994
Details End Date 27 Jun 1995
Name Start Date 23 Mar 1994
Company Status Registered
Company Type Australian Proprietary Company
Company Class Limited By Shares
Company Sub Class Exempt Proprietary Company
Date Deregistered N/A
Reason Deregistered N/A

Registered Office
Address: THE MBA PARTNERSHIP PTY LTD
'PIVOTAL POINT' LEVEL 3
50 MARINE PARADE
SOUTHPORT
QLD 4215
Start Date: 28 Jan 2010





Principal Place Of Business
Address: LEVEL 21
300 QUEEN STREET
BRISBANE
QLD 4000
Start Date: 22 Jun 2009

Previous Principal Place Of Business
Address: 290 FERRY ROAD
BUNDALL
QLD 4217
Start Date: 21 Jan 2002
End Date: 21 Jun 2009


NOTE:
Section 146A of the Corporations Act 2001 states 'A contact address is the address to which communications and notices are sent from ASIC to the company.'

Director

ZOEI CHARISSA , KEONG
Address: 8 SUNDOWN DRIVE
PARADISE POINT
QLD 4216
Born: 07 Jul 1983 - TOOWOOMBA , QLD
Appointed Date: 09 Jun 2009

Previous Director(s)

MICHAEL JOHN , FEATHERSTONE
Address: 290 FERRY ROAD
BUNDALL
QLD 4217
Born: 13 May 1963 - MUNDUBBERA , QLD
Appointed Date: 15 Jun 1995
Ceased Date: 09 Jun 2009

CRAIG , PIGGIN
Address: 16 BRADBROOK STREET
SOUTHPORT
QLD 4215
Born: 14 Jul 1965 - CAMPSIE , NSW
Appointed Date: 15 Jun 1995
Ceased Date: 09 Jun 2009

JODIE ANNE , PIGGIN
Address: 16 BRADBROOK STREET
SOUTHPORT
QLD 4215
Born: 14 Dec 1970 - SOUTHPORT , QLD
Appointed Date: 15 Jun 1995
Ceased Date: 09 Jun 2009

LEONIE THERESE , FEATHERSTONE
Address: 28 BORONIA DRIVE
SOUTHPORT
QLD 4215
Born: 16 Nov 1961 - BOULIA , QLD
Appointed Date: 15 Jun 1995
Ceased Date: 16 Apr 1997

BRETT ANDREW , GARDINER
Address: 9 BORONIA DRIVE
SOUTHPORT
QLD 4215
Born: 14 Jul 1968 - MELBOURNE , VIC
Appointed Date: 23 Mar 1994
Ceased Date: 15 Jun 1995

SHAYNE MICHAEL , FERGUS
Address: UNIT 42
16 CRESCENT AVENUE
MERMAID BEACH
QLD 4218
Born: 25 Jun 1966 - MELBOURNE , VIC
Appointed Date: 23 Mar 1994
Ceased Date: 15 Jun 1995

RODERICK JOHN , NEIBLING
Address: 15 HAYWARD STREET
PADDINGTON
QLD 4064
Born: 09 Aug 1969 - MACKAY , QLD
Appointed Date: 23 Mar 1994
Ceased Date: 23 Mar 1994

MATTHEW JAMES , NEIBLING
Address: 15 HAYWARD STREET
PADDINGTON
QLD 4064
Born: 11 Mar 1968 - MACKAY , QLD
Appointed Date: 23 Mar 1994
Ceased Date: 23 Mar 1994

Secretary

ZOEI CHARISSA , KEONG
Address: 8 SUNDOWN DRIVE
PARADISE POINT
QLD 4216
Born: 07 Jul 1983 - TOOWOOMBA , QLD
Appointed Date: 09 Jun 2009

Previous Secretary(s)

MICHAEL JOHN , FEATHERSTONE
Address: 290 FERRY ROAD
BUNDALL
QLD 4217
Born: 13 May 1963 - MUNDUBBERA , QLD
Appointed Date: 15 Jun 1995
Ceased Date: 09 Jun 2009

CRAIG , PIGGIN
Address: 16 BRADBROOK STREET
SOUTHPORT
QLD 4215
Born: 14 Jul 1965 - CAMPSIE , NSW
Appointed Date: 15 Jun 1995
Ceased Date: 09 Jun 2009

SHAYNE MICHAEL , FERGUS
Address: UNIT 42
16 CRESCENT AVENUE
MERMAID BEACH
QLD 4218
Born: 25 Jun 1966 - MELBOURNE , VIC
Appointed Date: 23 Mar 1994
Ceased Date: 15 Jun 1995

RODERICK JOHN , NEIBLING
Address: 15 HAYWARD STREET
PADDINGTON
QLD 4064
Born: 09 Aug 1969 - MACKAY , QLD
Appointed Date: 23 Mar 1994
Ceased Date: 23 Mar 1994

Share Structure

Class Code ORD
Class Title ORDINARY

Document Number Qualifier (AR 1995)
Number of Shares 6
Total Amount To Be Paid $6.00
Total Amount Due $0.00


Shareholders

Class: ORD Number Held: 6
Beneficially Owned: No Fully Paid: Yes
Document Number Qualifier:
Joint: No
ZOEI CHARISSA KEONG
8 SUNDOWN DRIVE
PARADISE POINT
QLD 4216

--------------------------------------------------------------------------------


Previous Shareholders

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1995)
Joint: No
LEONIE THERESE FEATHERSTONE
28 BORONIA DRIVE
SOUTHPORT
QLD 4215

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1995)
Joint: No
CRAIG PIGGIN
16 BRADBROOK STREET
SOUTHPORT
QLD 4215

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1995)
Joint: No
JODIE ANNE PIGGIN
16 BRADBROOK STREET
SOUTHPORT
QLD 4215

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1995)
Joint: No
FEATHERSTONE FAMILY TRUST
28 BORONIA DRIVE
SOUTHPORT
QLD 4215

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1995)
Joint: No
PIGGIN FAMILY TRUST
16 BRADBROOK STREET
SOUTHPORT
QLD 4215

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 2001)
Joint: No
MICHAEL JOHN FEATHERSTONE
290 FERRY ROAD
BUNDALL
QLD 4217

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1994)
Joint: No
SHAYNE MICHAEL FERGUS
UNIT 42
16 CRESCENT AVENUE
MERMAID BEACH
QLD 4218

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1994)
Joint: No
BRETT ANDREW GARDINER
9 BORONIA DRIVE
SOUTHPORT
QLD 4215

--------------------------------------------------------------------------------

Class: ORD Number Held: 1
Beneficially Owned: Yes Fully Paid: Yes
Document Number Qualifier (AR 1994)
Joint: No
010736633 - FERGUS ACCEPTANCE CORPORATION PTY LTD
C/- HEAD CHEEL THOMPSON
LEVEL 8 NIECON TOWER
17-19 VICTORIA AVENUE
BROADBEACH
QLD 4218





This has all the info if you ever need to chase them!

 

[just looking]

Brilliant stuff AnotherOne!
Kind of interesting...

Weird, they are located on the level above our old office in Brisbane...

 

[drsmith]

Commercial Securities Pty Ltd…
They claimed to have purchased a software package from Kerry Packer before he died that predicts and makes their selections in the horse races. Also the bloke that advised Kerry Packer in his investments/trades is now working for Commercial Securities, just to put some cream on it.

Is that Kerry I hear turning in hs grave ?

I have been contacted by John twice so far in the last two days but have put him off, leading him to believe I am sourcing funds and discussing it with my spouse.

That won't put him off for long. Sourcing funds will have you on the short list. I trust you have been practicing your "hanging up" technique.

8.Why would someone sell me a system that can guarantee them a profit if they kept it for themselves?

That's the only question that needs to be considered.

Very simple really.

 

[PVK]

Hi,

Finding this thread has been a "God Send" I too have been rung and sent emails, things in the post etc. I kept asking questions on why they sell etc. Told me they can't use it as they work for company blah blah blah. They were very pushy, so I decided to do some searching and found that they were listed at an address in NSW and in Victoria in Glenroy with a mobile phone number as the contact. Very suspicious of it and then I found this thread. I have emailed them the following. I know what the answer is, but safe to say, I would never invest.

Dear Peter,

Thanks for the information. After looking at your returns and company information, I wonder if you could either email me or text me your selections or via for up the rest of May before the horses run. I am not interested in betting, but would like to see your results so I can make an informed choice. I am not keen to part with my hard earned money on something that I can not test or evaluate

Thanks,


Lets see what I get back. I bet nothing via email

Regards and thanks

 

[drsmith]

I bet nothing via email

So do I. They'll concentrate on more gullible targets.

 

[just looking]

So do I. They'll concentrate on more gullible targets.

Or else given the fact that one of the scumbags posted on this thread a while back posing as a successful investor, I'm guessing they'll read that post and not bother!

Everyone wave to the people at commercial securities!:bekloppt:

 

[PVK]

No email, just a frantic phone call to call urgently. I won't be calling back of course or emailing. Just going to leave it. I think they will call for at least a few more times after baiting me enough.

Guess I don't answer anything with an "unknown: number

cheers

 

[shiftyphil]

Or else given the fact that one of the scumbags posted on this thread a while back posing as a successful investor, I'm guessing they'll read that post and not bother!

Everyone wave to the people at commercial securities!:bekloppt:

Best part is that Google has this thread as the top result for "commercial securities". Guess they're going to have to change their name again.

 

[drsmith]

Guess I don't answer anything with an "unknown: number

If the phone rings, answer it as you normally would.

If it's Commercial Securities, hang up immediately without saying anything (two short words prior to hanging up as outlined on page 2 of this thread optional).

The best way to get these leeches off your back is to show them YOU are the one in control of the situation. Whatever you do, don't engage in conversation with them.

 

[RazzaDazzla]

Given that there are many people coming to this thread seeking information on the company Commercial Securities, we feel that the following information is relevant:

We have just removed a post from this thread that was posted by an individual who registered here at ASF using an email address directly associated with the company Commercial Securities. This person did not reveal his or her association with the company but instead posed as a satisfied client.

This person's ASF account has now been suspended for what we feel is dishonest and unethical behaviour.

Hahaha you'd think they'd at least be smart enough to use a hotmail address?

 

[PVK]

Hi,

Did get a reply (message) which said it was impossilbe to text or email me selections as they were finalised in the last few minutes before the jump. They then referred me to the last five years and the results on the website which are obviously inflated.

 

[just looking]

Hi,

Did get a reply (message) which said it was impossilbe to text or email me selections as they were finalised in the last few minutes before the jump. They then referred me to the last five years and the results on the website which are obviously inflated.

HA!
A likely story...

 

[JayJay]

Thanks for all your responses. I was initially called in February about this offer and couldn't find any information so I didn't take it up at that time but did not discount it.

I was called again today, to tell me that the reasons that they hadn't been in touch was because all the licenses had been sold. However, they said a lady, who paid a non-refundable deposit of $3k was unable to raise the balance, so they were offering me the license for the discounted price of the $5,800 balance outstanding.

Wonder how many will be offered this opportunity? I am looking forward to their followup call

Cheers
JJ

 

[SPOT1]

Hi All, my experience so far....

I was offered the $5800 package + minimum $1000 betting account and the promise to pay the remainder ($3000) or not pay this if the account had not made at least a $10,000 profit in 6 months.

I was contacted about this last year and dismissed it as it sounded to good to be true, I then was contacted again last week so decided to do a little internet research and found this forum thread. I then decided to discuss the concerns I have about the legitimacy of the programme with the salesperson who contacted me and have recieved similar comments posted on this forum.

I also mentioned to the person on the phone about this thread and what others were suggesting and was told they were aware of this and that the people who were posting about negative experiences with the scheme were ex ... disgruntled employees.....

I have stipulated that the only way I would even consider this would be to receive the bets to be placed for the day at the start of the day and would monitor this over a week. This was no problem for them and recieved 1 of the two horses to be followed for tomorrow and will recieve the 2nd tomorrow morning... and I will update on how this goes, will be interesting.

Not saying either way that this is or isn’t a scam but thought I would add my experience to help others and will continue to do so over the next few days.

 

[drsmith]

I also mentioned to the person on the phone about this thread and what others were suggesting and was told they were aware of this and that the people who were posting about negative experiences with the scheme were ex ... disgruntled employees.....

I have stipulated that the only way I would even consider this would be to receive the bets to be placed for the day at the start of the day and would monitor this over a week. This was no problem for them and recieved 1 of the two horses to be followed for tomorrow and will recieve the 2nd tomorrow morning... and I will update on how this goes, will be interesting.

Not saying either way that this is or isn’t a scam but thought I would add my experience to help others and will continue to do so over the next few days.

You are either a current employee or a fool.

 

[SPOT1]

You are either a current employee or a fool.

drsmith thanks for the positive feedback for someone trying to provide an experience on the subject we are discussing.
I want to firstly point out that I am not saying I have invested in this at all and am not saying that this is not a scam, it may be and that it what I believe all people on this forum are trying to confirm one way or another.
Secondly I want to point out that you are saying other people who have and have lost money are ... fools, I personally feel that is not very nice. If this is in fact a scam then I think a little more sensitivity is required for those people or if nothing else don’t say anything at all. It is people like you that will stop someone for posting their own experience online for other people to learn, this after all is the reason behind discussion forums.
I am merely trying to give information so people can make an informed decision, definitely more useful than your many posts about nothing more than a recommended phone manner.

 

[drsmith]

drsmith thanks for the positive feedback for someone trying to provide an experience on the subject we are discussing.
I want to firstly point out that I am not saying I have invested in this at all

You would be a fool if you did but then I think you know that.

and am not saying that this is not a scam,

It's a scam.

it may be and that it what I believe all people on this forum are trying to confirm one way or another.

It's a scam.

Secondly I want to point out that you are saying other people who have and have lost money are ... fools, I personally feel that is not very nice.

It's not very nice to rip somoene off, fool or otherwise.

If this is in fact a scam

IT'S A SCAM.

then I think a little more sensitivity is required for those people or if nothing else don’t say anything at all.

If I wish to point out this is a scam then I will. The less taken in by this the better.

It is people like you that will stop someone for posting their own experience online for other people to learn, this after all is the reason behind discussion forums.

I'm not stopping anybody. It's a free forum. The less posts trying to give this an air of legitimacy though, the better.

I am merely trying to give information so people can make an informed decision, definitely more useful than your many posts about nothing more than a recommended phone manner.

Two short words come to mind here.

 

[Another One1]

drsmith thanks for the positive feedback for someone trying to provide an experience on the subject we are discussing.
I want to firstly point out that I am not saying I have invested in this at all and am not saying that this is not a scam, it may be and that it what I believe all people on this forum are trying to confirm one way or another.
Secondly I want to point out that you are saying other people who have and have lost money are ... fools, I personally feel that is not very nice. If this is in fact a scam then I think a little more sensitivity is required for those people or if nothing else don’t say anything at all. It is people like you that will stop someone for posting their own experience online for other people to learn, this after all is the reason behind discussion forums.
I am merely trying to give information so people can make an informed decision, definitely more useful than your many posts about nothing more than a recommended phone manner.

How could you think this isn't a scam after reading all this post. You are either an employee or not too bright!!

 

[professor_frink]

Just thought I'd jump in here before things go a little too far and we have to close this thread.

Please choose you words very carefully when making a comment about this, or any other company. Stick to actual experiences with the company and their products, try and be polite to the other posters, and the thread will be left open for further comments.

Another One1, check your PM box.

Cheers