Vincy Options SA - Gold Options Scam

[Boggo]

Maybe its just me but does anyone else get a bit suspicious when a new poster turns up the 'Beginners - Introduce yourself' thread with a link in their post such as this ??

 

[Newpunter]

I'm still curious as to whether Newpunter has tried to close the open trade, and if so, what happened?

The short answer is no. My partner is still not convinced this is a scam. I still don't know the full details - you'd appreciate that this whole issue is a source of some considerable conflict between my partner and I.

After he had invested the initial $5000, they came back with the "plan" which involved a further $40,000. When my partner contacted to say he couldn't come up with the extra money, the Col Gordon chap threatened him with legal action saying that they had gone ahead with the purchase of additional options on his behalf. My partner then tried to close the open trade and one of Vincy Options "accountants" contacted him and convinced him not to do anything at that stage as the accountant might be able to come up with a solution that would mean my partner could just maintain (and profit from) his original investment. From what I can gather, Col Gordon then contacted my partner and apologised and managed to convince him that he had acted with the best of intentions and with his only objective being to make a substantial profit for my partner (and I can hear Boggo laughing loudly again!!).

I made the mistake of going interstate for a few days and reurned home to the news that my partner had invested not only the extra $40,000, but a further $13,000 on top of that.

Col Gordon has apparently told him that he will have the trade closed before Christmas with an expected return of $200,000. My partner last spoke to Col a week ago and expects to hear from him at least once a week - we'll see whether or not he calls today.

I am convinced that our money is gone and that no options were ever bought or traded on my partner's behalf. My partner knows this and is reluctant to realise the loss - his view is that if it is a scam, does it matter if we find out now or later? He's still hoping that it's not a scam, in which case it is better (in his view) to let the trade go ahead as planned. My view is that the longer we remain silent, the more people these parasites will rob blind.

Whichever way we go, the fallout of this is not going to be just financial ..... it's the sort of stuff that severely undermines relationships.

Here's hoping that Topgunint might get some helpful advice from his lawyer neighbour.

 

[Boggo]

(and I can hear Boggo laughing loudly again!!).

This is too serious to laugh at, if it was 5000 then I would smack him on the back of the head and say don't do it again.

This is serious embezzlement or theft that you are talking about, no laughing matter.

 

[sails]

Newpunter, as the money has already been paid out, there probably isn't a lot more you can do at this stage unless you can find a legal loop hole in your favour and your partner is willing to go down that track.

Hopefully, your partner will not be sucked into paying any further funds whether or not this turns out OK. It's playing with fire IMO as it is possible they could bait again with the need for more funds for whatever reason. If it is a scam (and it does look extremely sus), they will want to take as much as possible.

I certainly feel for you and such a helpless feeling when you are powerless to do anything - not to mention the strain on your relationship. I do sincerely hope this works out OK for you...

 

[Newbie989]

Has anybody had success trading with Vincy Options?

 

[Newpunter]

Has anybody had success trading with Vincy Options?

Not yet!!! - and while I'm not holding out ANY hope, you guys will be the first to know if hell freezes over and we DO succeed!

 

[Topgunint]

Hi Barney and all other interested parties, Coll Gordon called me on Wednesday and said that he had another client that would take the options that I couldn't afford, so he took them off my account.
I have now withdrawn my original investment of $5000, which is now $7200, less fees. They call me every day to tell me that the money is on it's way and should be paid into my account by Monday.
They have all been very pleasant and helpful, I hope that that this is an indication of their true business ethics.
I will let you know as soon as I receive the money.
Cheers.

 

[barney]

Hi Barney and all other interested parties, Coll Gordon called me on Wednesday and said that he had another client that would take the options that I couldn't afford, so he took them off my account.
I have now withdrawn my original investment of $5000, which is now $7200, less fees. They call me every day to tell me that the money is on it's way and should be paid into my account by Monday.
They have all been very pleasant and helpful, I hope that that this is an indication of their true business ethics.
I will let you know as soon as I receive the money.
Cheers.

That would be a great and unexpected result T/gun. Lets hope they turn out to be above board and you can get out without losing your shirt ..... Keep us posted.

 

[Newpunter]

OMG that is great news Topgun!! There is hope for us yet!! - please, please let me know how you get on. I'll keep everything crossed and send lots of good vibes and I hope & pray that your money hits your account on Monday.

 

[againsthegrain]

Some observations:

newpunter and topgunit both registered accounts in october, they both have a similar count of posts and both share similar stories. Which suddenly take a 360 degree turn ....

Not making any accusations here but the company they speak of is certainly getting alot of mixed promotion here ....

Is it probable the 60k will now be turned into 100k? Could this be a new reverse scam? Just thinking outloud....

 

[Newpunter]

Have to admit that I have been thinking along these lines as well - if you Google Vincy Options this forum and discussion comes up. Would be scammers may be buying themselves a bit more time? - or Topgun and / or I could be scammers? All too hard really - and only time will tell which way this is going to pan out. I thought there was a ray of hope when I saw Topgun's post yesterday - forever hopeful and more than a little naive??

 

[LPlater]

Hi Folks I am new at this, but wanted to advised that myself and two other friends invested with Vincy Options. So far we have received no money back despite requests to sell. The police are now involved and are convinced it is a scam. Vincy Options provided me with an Australian contact who tried to convince me was a long term and profitable client of Vincy Options. The police have now confirmed that this contact and phone number is directly related to past scammers. Looks like we have done our dough - ouch! I just wanted to warn others

 

[Davidintrouble]

Hi Everyone,
I am another victim of this BIG scam. My case is exactly described by others. I have lost 10s of thousands of dollars. I can see them making big damage to the australians. Watch out for these Sharks. They appear so professional, you almost can't fault them. they have 2 websites vincyoptions.com and swissgmex.com. I am seeking help!! if anyone can assist PLEASE. I have made contact with ACCC who referred me to this swiss consumer authority to see what can be done: seco.admin
How can we track them down? can we join forces?
thank you.

 

[krusty]

Hi Everyone,

Looks like you have done your dough... these clowns have had several sites operating over the last 18 months and have scammed a ton of cash from a lot of people.

Please go to the following website and read through the thread, it's easy to find the dodgy websites run by the same a...holes and Vincy options is one of them.

Hentsch Muller did some damage and they started out with FTP futures and NEXT futures.

ourpatch.com.au/australia/forums/getting-down-to-business/topics/370-next-futures-gold-investment-scam-boiler-room-tokyo?page=21

 

[Newpunter]

Thanks Krusty. I've just read through the thread you posted and although I couldn't find Vincy Options named, they could be (and probably are) any number of one or all of the companies named. I wrote to the financial industry regulators in Switzerland to find out if they know of Vincy Options or the Geneva Mercantile Exchange (GMEX). Here's a copy of their reply:

Thank you for your information of November 3rd, 2010 concerning the above-mentioned entity.

Neither Geneva Mercantile Exchange nor Vincy Options S.A. dispose of an authorization of FINMA for an activity as a bank, securities dealer, insurance company or in the domain of the collective investment schemes. None of these companies is registered in the trade register of Switzerland, they do not have an entry in the official phone directory. They do not seem to have a physical presence in our country. The website of Vincy Options S.A. is registered in the Netherlands.

On our website you will be able to find lists of authorized institutions and collective investment schemes: http://www.finma.ch/e/beaufsichtigte/Pages/bewilligungstraeger.aspx.

Kind regards


Christina Bürgi
Communication

Strategic and Central Services

Eidgenössische Finanzmarktaufsicht FINMA
Autorité fédérale de surveillance des marchés financiers FINMA
Autorità federale di vigilanza sui mercati finanziari FINMA
Swiss Financial Market Supervisory Authority FINMA

Einsteinstrasse 2, CH-3003 Berne
Tel. +41 31 327 91 73
Fax +41 31 327 91 01

So it would seem that the search needs to go on for the American / Canadian conman and his motley crew. Will keep this forum posted on action we take. If others will do the same, we'd appreciate it.

 

[Newbie989]

I still hope for some good news regarding this issue.

 

[Newpunter]

No good news yet I'm afraid newbie. My partner sold his options on Tuesday of this week and he tells me that he is expecting $126,000(US) to be deposited into his account in 5 to 10 working days. No-one will be more surprised than me if a deposit of any kind is made to his account by Vincy Options!! - will keep you posted.

 

[Topgunint]

I thought I would give them the benefit of the doubt, but looks like it is a scam, I guess that I am not as bad off as some, I hope that relationships don't break up through this, as they are a finely tuned scam machine.
Now I ask God for justice against Vincy Options and all the people involved.
The only way to stop the judgement is to pay back 1,000 time what was stolen from me, that makes it $5,000,000, and to repent.
So, Coll, Travis, Steve and others working this scam, that's the deal, or lose everything, and I mean everything.
Cheers.

 

[Newpunter]

HEAR!! HEAR!!
My partner has now accepted that there will be no return on the investment and that all that can be done now is whatever is possible to bring these thieves to justice. Meeting with a detective from the fraud squad today to see where to from here.

 

[Newbie989]

Still no news I guess?