LawAnswers.com.au - Australia's #1 Legal Community

LawAnswers.com.au is a community of 10,000+ Australians, just like you, helping each other.
Ask a question, respond to a question and better understand the law today!
Join us, it only takes a minute:

Forex Trading - A Scam?

Discussion in 'Australian Consumer Law Forum' started by jules, 28 April 2014.

  1. jules

    jules Member

    Joined:
    28 April 2014
    Messages:
    2
    Likes Received:
    0
    Hi, I received a call from a female about three weeks ago asking if I was interested in earning extra income and only doing it on the computer at home for about an hour a night. I explained that I already had a job, but she insisted that it was a good opportunity for me to make some real money. She booked me in for her manager to call me within the next twenty-four hours.

    On the next day, Tuesday, I took a call from a man who introduced himself as the Forex Trading manager and he then took me through all the steps I needed to make a lot of money. He said I could transfer the purchase funds needed for the software to a bank and he gave me all the banking details. It is an International Bank with the bank he wanted me to send the funds to based in China. He said that is because Forex Trading is international and operates around the clock.

    I sent the money next day, a sum of $8,000 Australian Dollars and then I just waited for the software to arrive. I am still waiting and I can't ring him back because it was a private number. Should I just keep waiting or should I contact the bank overseas to see if it's a scam or not? My bank says that the funds have already left my account not long after I transferred them.

    Help needed!
     
  2. Worldly1

    Worldly1 Well-Known Member

    Joined:
    25 April 2014
    Messages:
    137
    Likes Received:
    29
    Oh Jules - not good news from what I have seen.
    This is likely a scam. See: http://forextrading.about.com/od/forexscams/tp/forex_scams.htm and http://www.investopedia.com/articles/forex/09/spot-a-forex-scam.asp
    Call up your bank again to see if there's anything they can do and notify the overseas bank as well to see if they can reverse or stop the transaction, but I think you might have lost your money.

    Perhaps you can also report the people who did this to you to Scam Watch. What were their names and account details and tactics that they used? Warn everyone about them.
     
  3. jules

    jules Member

    Joined:
    28 April 2014
    Messages:
    2
    Likes Received:
    0
    The name of the company was TPZ International but I can't find them anywhere in the White Pages under business. Thankyou. Jules
     
  4. John R

    John R Well-Known Member

    Joined:
    14 April 2014
    Messages:
    637
    Likes Received:
    165
    Hi Jules,
    Is this the company that you were dealing with - http://tpzinternational.com.au?
    If yes, the first page of Google search results appears to display the company's home page (listed above) and multiple references to scam.
     

Share This Page

Loading...