Commercial Securities?

thanks little lukey, I have sent out more emails to some of the people that have allowed emails to be received. Would like to hear from nickb, mexican maddog and bonfire 0448 if they still check back on this site. we mite have trouble getting anything back out of them, but the more support we have the better chance we have. So please if you have lost money it wont hurt anymore to look at our options.

These scammers have thick hides.
They don't give up and why would they, with such a lucritive scam. I was censured for accusing "Over the Odds" as being a part of it, so I retract that. But, as they complained about my posts, it proves that they are all monitoring this forum. The closure of the Comsec website, was probably due to this forum, so keep it up guys. The "new" "company", is waffling out the revamped spin. Its seems that Over the Odds is now out of the picture. At least they were contactable. The new "Odds Broker" is only a link to a sign up page. Part of the RASPC (Racing and sports punters club), which surprise surprise, has no website.
Plus the "New" company has no website and uses a "ymail" email address. Really professional. I wouldn't hold too much hope of contacting the new CEO, Paul Ellis. Probably a name pulled from a hat. The last one would have been the same. They call it "Identity Theft".
We who have been burnt, have a duty to save others from their clutches.
Oddly enough, a scheme like this could work, if it wasn't a greedy scam, so it is easy to get caught up in it.
It seems that a few of us have contacted ACA and Today Tonight, but so far they seem disinterested. Keep after them. When they see a story, they might pursue it.
The chances of getting any money back are probably nil, but the chances of seeing this person or persons in court and hopefully in gaol are pretty good.
Anyone with any money left in their account, should withdraw it with great haste. Make sure you ring "Over the odds" straight away and block the account. Get the name of the person you are talking to. (I had to do it twice before they blocked it and didn't know who I talked to the first time) When you send them the required withdrawal documents, email and fax them. (They denied receiving my first fax even though my fax report was successful.)
Contact them at "support@overtheodds.com.au"

To those of you at "Comsec" who obviously follow this forum and use it to plan their stratigies. We who have lost a lot of money to your scam, are out to close you down and see you in the place you belong.
Remember, "What goes round, Comes around ". You are staying a step in front of the law right now, but your day will come.

well said zanne40 I agree with you totally, and thank you for contacting me, we now have 4 of us to get the ball rolling and are sending a invitation to all the others out there that have been scammed to make contact of some sort with us. As zanne40 said "What goes round, Comes around " so to the people at commercial securities who follow this forum you have scammed the wrong people this time, hope you have a nice day.( i could not type what I wanted to type as i didn't want to have to retract this post, but I'm sure you can read between the lines.)

I posted a thread in this forum only once on the 24 April, 2010 looking for information and help. I visited this forum few times for a couple of months. Lucky me to return back after a while. I got excited when I read that there are people are now joining together to do something about it. As now I lost all my money that I paid over this issue, I would like to participate with those who have ideas to try getting their money back. My story is on Thread #36 Page 2. I would like you please (308cc, zanne40, little lukey) to contact me to join in.

Would love to have you on board hhralhh, just send me a email or personal message(pm) through this site and I will contact you.

All,
I'm so glad to see you all taking action against Commercial Securities... I'm just another stupid guy paying $8800 for the licence! I've tried to call and emails and nothing come back or response.

The guys at comsec are following our threads and are somewhat pissed off. Mind you I am sure not half as bad as how we feel. If the new director is real and in fact did recently buy the business then all I can say is WHY??? Assuming he knew the history of the company having read all these threads then he has bought it to continue along it dishonest tracks. So any threads warning people should be made as public as possible.
Could Comsecs lawyers please give us reason for 1. why they are acting on their behalf and 2. why they are trying to allow their dishonesty to continue unchecked.

I have replied to the admin of this thread on their email asking to confirm the honesty and accuracy of my story with Commercial Securities. I encourage everyone who received an email from the admin to reply.

This is what I said:

(As requested, I confirm that what I have posted in the "Commercial Securities" thread is both an honest and accurate account of my experiences with Commercial Securities Pty. Ltd. Please, please do not remove this thread as it is now the only approach to protect others from these scammers. I lost large amount of money through their scam and it’s my obligation to warn people. This is the least that is needed to be done for my country and its people. It appears from their request that this thread is effective and working good. I will not stop there and other options will follow. This money that I lost because of the scam is for my family sustenance and this is why I have got my self in what was suppose to be an investment in the first place.
Also, for you to gain the trust of people participating in your site, I believe it is your responsibility to act upon your obligations to have the truth alight.)

This thread needs to stay to warn others, so if you have received a email from admin, please reply. I have had a quick count of people on this thread who have lost money from theses people and I believe 20 people are not making things up, Half of these people have contacted me and we are in the process of moving forward in stopping these people from scamming anyone else. From there recent emails to me it seems there "bookie" is running scared as they are not trading from there new racing and sports punters club. Google is a wonderful thing to find information out, if that information is there, so if this thread is removed more will be scammed we need to stop these people from doing this.

Once again if you have lost money through commercial securities and believe that the information you where told by or seen from them is misleading don't hesitate to contact me as we are growing in numbers. Once again good morning to the people at commercial securities, the "bookie" and there lawyers hope to catch up with you all soon .

For those that have no seen this site yet, have a look.
It describes this scam exactly as it unfolded for us.

http://www.scamwatch.gov.au/content/index.phtml/tag/SportsInvestmentScams [/URL]

As for the lawyers. What a joke. The last place CS wants to be is in a court. Wouldn't that be a godsend.
That would really get us the publicity we want.
That would enable us to find out just who is really behind this scam.
The names they use mean very little.

So, come on comsec or whoever you call yourself today. Go and take the forum to court. We've all told the truth. You've told nothing but lies. I'm sure you will create a lot of interest.
If I were you, I'd crawl back under the rock you came from and never surface again. The world doesn't really need scum like you.

Keep it up guys. We paid a lot of money to be a part of this forum.

Cheers

I can't find anything on this company in a google, or otherwise.

Does anyone have a reference to a website or anything?

Can anyone with brochures scan them and post them up or something? As long as it doesn't breach any of their fine print...

kennas said:

I can't find anything on this company in a google, or otherwise.

Does anyone have a reference to a website or anything?

Can anyone with brochures scan them and post them up or something? As long as it doesn't breach any of their fine print...

Click to expand...

Their website is now down:
http://www.commercialsecurities.com.au/

And amazingly even when the company was up and running, the only google hits I could find were the company itself, and this forum. Further suggesting the importance of this thread.

I encouraged people that had been scammed to download the monthly reports as they were available as PDFs at the time, and indicated that the company was recording magnificent returns (which we now suspect is balderdash).

Interestingly enough, I thought Google may have cached some of these monthly reports and so did a search and came up with this:

"In response to a legal request submitted to Google, we have removed 1 result(s) from this page. If you wish, you may read more about the request at ChillingEffects.org"

No idea what that means but anyway...

commercial securities recent email about there new packages for there racing and sports punters club. Still no web site and no hits in a google search. I cannot say this is a scam because i have not had personal dealings with them unlike i have had with commercial securities but it is run by the same people.

RASPC PACKAGES

As RASPC is limited to the amount of money it can trade we have put together some great packages TOTALLING 2,000 banks ($5,000 trading increments). We also have options to pay by the month for a trial period or for those who want to minimise their upfront risk, we even can offer a bank guarantee on our larger packages.

RASPC bets mainly on Saturday, Wednesday and Public Holidays in Australia together with UK LAY and WIN betting and Sport including Soccer, Cricket, Tennis, Golf and wherever we see value. There is no up sell as your membership goes everywhere we see the money and the volumes may vary depending on conditions etc. We have unrivalled expertise and experience to bet on racing and sports on your behalf and our people have years in the industry.

Here are our packages:

BRONZE – COST $5,000

†¢ Ability to trade 1 RASPC $5,000 Bank
†¢ Ability to trade 1 $25,000 stock market unit ($25,000) COMING SOON
†¢ Option to pay monthly cost $600 per month (if upgraded to full membership within 2 months paid amount is deducted off purchase price)
†¢ Low Monthly Fees of $100 per unit (note a minimum 5% net return for the month must be achieved before this is paid)
†¢ Limited to only 600

SILVER – COST $10,000

†¢ Ability to trade 3 RASPC $5,000 Bank’s ($15,000)
†¢ Ability to trade 3 $25,000 stock market unit’s ($75,000) COMING SOON
†¢ Free financial plan done by our external planner
†¢ Low Monthly Fees of $85 per unit (note a minimum 5% net return for the month must be achieved before this is paid)
†¢ Limited to only 200

GOLD – COST $15,000

†¢ Ability to trade 5 RASPC $5,000 Bank’s ($25,000)
†¢ Ability to trade 5 $25,000 stock market unit’s ($125,000) COMING SOON
†¢ Flights and accommodation provided to meet our team
†¢ Free financial plan done by our external planner
†¢ Bank Guarantee Available (note this greatly reduces your % of return but gives you ZERO CAPITAL RISK)
†¢ Low Monthly Fees of $75 per unit (note a minimum 5% net return for the month must be achieved before this is paid)
†¢ Limited to only 80

PLATINUM – COST $25,000

†¢ Ability to trade 20 RASPC $5,000 Bank’s ($100,000)
†¢ Ability to trade 20 $25,000 stock market unit’s ($500,000) COMING SOON
†¢ Flights and accommodation provided to meet their own customer service agent in person
†¢ A meeting with all of our traders in person
†¢ Personal access to our head trader’s 24/7 via their personal mobile number
†¢ Bank Guarantee Available (note this greatly reduces your % of return but gives you ZERO CAPITAL RISK)
†¢ Free financial plan done by our external planner
†¢ Low Monthly Fees of $60 per unit (note a minimum 5% net return for the month must be achieved before this is paid)
†¢ Limited to only 20

RASPC REWARDS YOUR PARTNERSHIP WITH US

RASPC is rewarding you with a series of events and prizes which we will announce on a quarterly basis. These include packages to the Melbourne Cup Carnival, Australian Tennis Open, the 2011 World Rugby Cup, Golf trips and a glamour trip to meet Champion Group One jockey Shane Dye, and more...

We’ll deliver these through our e-commerce contact and also on the website, rewards to make your involvement enjoyable and profitable.


RASPC’s website will be up and running this week, and watch for new information on your packages and the launch of the Stock-market packages as well plus the opportunity to be rewarded with additional benefits and prizes.

THE ALL NEW RACING AND SPORTS PUNTERS CLUB.


Kind regards

Mr Paul Ellis
Director
Commercial Securities Pty. Ltd.

Has anyone heard from commercial securities about there new racing and sports punters club via the phone. I did get a email from them (which i did post only to have it removed because of their disclaimer at the bottom of the email). I cannot find any info on the web about there racing and sports punters club which I can only assume may be a scam due to the fact its run by the same people at commercial securities, but i cannot say for sure as i have not had personal dealings with them.

Good to see I am still betting my $3.33 that's three dollars and thirty three cents. Checking my over the odds account I have gone from $3.33 to $3.56. Then over the period of 13/09/2010 to 20/09/2010 there was 123 bets made with 14 winning results to have a balance of $0.03. These are true and accurate results as I have the over the odds report, printed, in front of me. Surprising I haven't received the weekly wrap from Paul Ellis.

WARNING! WARNING! WARNING!

DO NOT EVEN CONSIDER INVESTING A CENT IN THIS MONGREL SCAM!

I WAS SUCKED IN IN A MOMENT OF STUPIDITY, BOUGHT THE LICENSE AND BEGAN TRADING WITH $2000. tHAT WAS GONE WITHIN 6 MONTHS!
I REINVESTED ANOTHER $500 LAST WEEK AND THAT WAS GONE WITHIN 2 DAYS!
THEY WILL NOT ANSWER CALLS, MAILBOXES ARE FULL - OF ABUSE I EXPECT!

IS ANYONE ELSE WHO HAS BEEN SUCKED INTO THIS SCAM INTEREST AND AWARE OF HOW WE MIGHT MAKE A CLASS ACTION LAW SUIT AGAINTS THESE BASTARDS?
I AM WILLING TO FIGHT IT TO THE DEATH!
PLEASE ADVISE

alz said:

Hi,

Has anyone thought of joining a class action against these people? In my contract they stipulate that bets will be placed in increments of 5% only, they seem to be placing bet of various percentages ranging from 0.5% to 6%, so surely that's got to be a breach of contract.

Click to expand...

ALL FOR MAKING CLASS ACTION AGAINST THESE BASTARDS
PLEASE ADVISE ANY PROGRESS
WILLING TO FIGHT IT TO THE DEATH!

bonfire0448 said:

Well I should have looked at all these posts before handing over my money.
Originall Commercial Securities wanted $8800 but i said no and they were happy to take $5000..
WELL GUESS WHAT there website is unavailable the boss's mobile is disconected BUT after screaming at there answereing service they rang me.
GUESS what they have nothing to do with the old company it is still called commercial securities but NEW owners have taken over.
I told her about everything i new, ABN registrations even that workers from there firm had posed as satisfied customers on THIS forum and had been banned from using it.
OH very sorry we have nothing do do with old company, even the employees are all NEW NONE of the old staff came over during the change over.
AFTER questioning this woman i said you do no what is going on dont you, then i said WHY would someone take over a company with such a bad reputation???????????I cant believe we were soooooo stupid ,lost our money, if there is a will there is a way, PLEASE if you have been caught by this company reply to my post as i am taking action. I dont care if it costs me another $5000, I NEED people who have also been caught.
One of the posts on here gives the dates this business was registered and said well i bet there gone by the same time this year (Unquoted) GUESS what mate you were spot on, only thing is the bastards have my money.

I AM GOING TO A CURRENT AFFAIR as they seem to have the power to investigate these things so please post back and i will get the ball rolling....THEY MUST BE STOPPED....

Click to expand...

LETS GET THE BASTARDS! I AM WITH YOU ALL THE WAY!

Another One1 said:

Its pretty simple take the director Zoe Keong to the small claims court in your local area and get a Magistrate to decide. I am fairly sure they will see it in your favour. Her address is posted on this forum. Ring Fair trading as they will now help with class actions as well.

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VERY INTERESTED IN PERSUING FURTHER.
PLEASE ADVISE ANY FURTHER DEVELOPMENTS