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Warning ….Please Read

Remember all the scamming related to Share Express..well they have gone but have been reinvented under different names but with the same financial backer..Olive Financial Markets....please read the following which I have taken from another article...

  1. Surfers Paradise: The Gold Coast is a hotspot for financial scams in Australia.
  2. Ricarmo Pty Ltd is an "Authorised Representative", or if you like, it is legally registered to provide financial advice, though it's Financial Services Guide provided by a company called Olive Financial Markets Pty Ltd of 87-97 Liverpool Street, Sydney www.ricarmo.com.au/wp-content/themes/ricarmo/pdf/OliveFinancialMarketsFSGOctober2017.pdf
  3. Olive Financial Markets Pty Ltd www.olivefinancialmarkets.com.au/contact-us/ has other Authorised Representatives who are Gold Coast based managed superannuation advisors, including:
  4. Camori Pty Ltd https://camoriinvestments.com.au (see home page footer for it's Authorised Representative number). Although Camori operates out of the Gold Coast, it gives it's address as identical to that of Olive Financial Markets Pty Ltd in Sydney.
  5. Paradise Financial Group also operates out of the Gold Coast but gives the same street number address http://www.paradisefinancial.com.au/#5 as Olive Financial Markets Pty Ltd in Sydney.
  6. Sharescope http://www.sharescope.com.au owned and run by Markets Pty Ltd is another business which uses Olive Financial Markets Pty Ltd's Financial Services License (if you check the Australian Financial Services License number that they give against the ASIC register). Interestingly, they are at No. 89 Liverpool Street but in an identical Suite Number. Oh! No. 87 and No. 89 are the same building, so it's actually the exact same office as the others despite the different street number! Tricky!
  7. Ricarmo Pty Ltd gives its address as
    The Gateway, Ground Floor,
    50 Appel Street,
    Surfers Paradise, QLD, 4217
  8. It so happens that ASIC raided three businesses at this address (see next item for how we know this) a month ago, as part of an investigation into investment fraud: (www.afr.com/brand/rear-window/asic-sends-police-to-almost-raid-channel-seven-20170920-gylewt – Paywall, but you should get one look for free; or www.goldcoastbulletin.com.au/business/detectives-raid-surfers-paradise-businesses/news-story/6bd9fa317c8a2ca34b0b6e20bfbdd5e3)
  9. Only two of the three businesses are named in the stories viz. Camori Investments and Paradise Financial Group. The third business is unknown, but if you check the White Pages for Channel 7 (bear with me!), you'll see that Channel 7 is in the same building as Ricarmo. Now, if you've been reading carefully, you'll remember that the AFR story in the previous item says that the Camori/Paradice Financial raid was on Channel 7's Gold Coast building. So, it does look likely that Ricarmo is that mysterious third company that was raided in that office. To sum up, Ricarmo is an Authorised Representative of Olive Financial, which in turn, shares an office and a building with the two raided companies back in Sydney, as, it appears, does Ricarmo share with them their raided operational office on the Gold Coast. So many coincidences!

You'll also find negative reviews for a number of the companies above on the web if you Google them. All in all, with so many risk factors, maybe it's worth waiting until ASIC puts out an all clear before giving them your hard earned cash!


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