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Alpha Select Index Trading Managed Accounts - Has anyone invested with them?

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Mysterion said:
I have an entire copy of the website source code..... the name at 1 Market Street is
fictitious..... therefore a lot more is fictitious........
Click to expand...

Also google earthed their address a while ago and it was an empty space with a 'lease' sign on it.
 

What was their (supposed) ACN form your perspective....

Who has heard of 'Owen Brown' - keep all the telephone records and contact names
in a list with regards 'Alpha Select.'.....
 
Mysterion said:
I have an entire copy of the website source code..... the name at 1 Market Street is
fictitious..... therefore a lot more is fictitious........
Click to expand...

Their website domain name on www.godaddy was due to expire in Decemebr 2011...

Even though the site is 'private' GoDaddy said the persons name for the registration
was Aden Campbell - probably fictitious.....not sure...
 
Mysterion said:
I have an entire copy of the website source code..... the name at 1 Market Street is
fictitious..... therefore a lot more is fictitious........
Click to expand...


Hello,

Just touching base. Please keep all details of phone numbers and names and make a list.

It is apparent they used a whole range of false identities.

Several people have phoned me today including a family who put in $15,000.

1: Report the fraud to www.scamwatch.gov.au

2: Report the fraud to the police fraud squad in your state...

3: Get in touch with your bank manager and ask them to help you by holding onto bank account details
for the transaction (they may have used several diffrent accounts) so legal representatives such as the
police can access the data.....

4: Please indicate if you are willing to be part of a joint effort to engage a lawyer and/or detectives....

We are getting info from a members Bank Manager who has agreed to hold onto details
about the ‘Alpha Select’ account until a legal representative can gain access.

At this juncture I will not be handing out my actual home address details as my wife is a bit fearful
of who we are dealing with........

Please stay in touch.

Regards
 
Great, I just invested 5k with them 2 weeks ago then got a phone call telling me about a deal they were doing for people who upgraded the accounts.
They were offering to drop their commission down to 5% if I invested another 5k. So I checked the website it was down but you could still do enquiry’s through it as it was being updated or so It said.

The trader (Steve) then confirmed that they were designing a new website so that customers could also do some index trading on their own if they wanted and this was supposed to be finished on the 24th of August. I stupidly said ok I'll go another 5k deposited it into the account and the website has completely disappeared.

If this company is a scam operation what can I do and is there any chance of ever getting the money back?

Ryan
 
Mysterion said:
I have an entire copy of the website source code..... the name at 1 Market Street is
fictitious..... therefore a lot more is fictitious........
Click to expand...


Hi,
You might want to talk to your bank managers about the transfer of money to an
‘Alphaselect' account and the personal details they have already gotten from you -
as this could be the basis for skimming more money out of your accounts.....

You also filled out ‘contract’ forms with personal details..... another avenue of identity
theft....

Don’t give up hope and stick together.......

Regards
 
Mysterion said:
I have an entire copy of the website source code..... the name at 1 Market Street is
fictitious..... therefore a lot more is fictitious........
Click to expand...

If anyone from 'AlphaSelect' who was a part of the company and unaware it was
a fraudulent operation - misled by the 'bosses.... then we suggest you step forward
as very powerful authorities to do with criminal networks and - yes - terrorist activity
are now on your trail .... they can access all sorts of 'privacy' data from bank transactions, websites.... because they do not like these networks being able to
disguise their identity - as this opens the door for other networks to copy the operating
model...... Get in touch with ASIC as soon as possible......
 
your lucky 10k my self and 4 friends have $120k between us.
everything was good he got his money plus all the interest a couple of years ago
all legit but this time like the rest. As soon as we queried getting some money out our phone calls were blocked and wouldnt be answered all day anwser first up the next day then blocked again use other phones and get through and yep they are not on the realestate client list at 1 market st.
If they have gone bankrupt at least tell us.
Nice of ASIC to put the note on the bottom here too.
like the ACCC ASIC is a toothless tiger too all we got told was see a lawyer we can do nothing they didnt even want too know too go into accredition with which was due 1st sept
 
Hi, I too have been duped by these fraudsters after extensively seeking out any info re: their being a scam. Was constantly in touch with a Peter White as well as Owen Brown and fobbed only a week or so ago with no return phone call. I have lodged a complaint with ASIC some months ago and received little help except to say that they are under investigation and that I should contact my local Police and give them details. I would like to join a concerted effort to catch these people as the implications can be considerable. Please add me to any lists being compiled
 
These guys are sharks - I knew better although put in 5K to test the waters. I would be willing to chase them down. Nothing added up with them although I still went against my better judgement to take a risk. Funny thing is my return was due the day they took down the website - I called them the day before and everyone was on holidays including Owen Brown - lol - bet they are on holidays 'overseas'.....
 
Mysterion said:
They have just shut down their website - please get in touch with Craig Walter on
0432141506 to organise a joint lawyer and detective agency - we have information.
This was a slick operation done quickly....
Click to expand...

I also have lost a lot of money. lets keep in touch.

BABA
 
BABA said:
I also have lost a lot of money. lets keep in touch.

BABA
Click to expand...

I invested $5000 about two months ago and was already up to almost $7000
Guy's name was Michael Mason, and he pestered me to invest more. Luckily, I didn't have any more (although I was so impressed with my resturns I was trying to get the money together). Anyway, have told my bank, the police and ASIC - who weren't at all interested.
One thing no one else has mentioned: there's an Alpha Select in the UK (a long standing and I believe entirely reputable company), and that was the main reason I invested with Alpha Select Aus. Mr Mason told me they were the same company. Muggins here, believed him - they're not!
 
I also got caught up in this scam in April this year - invested a total of $100k over 3 separate upgrades. Owen Brown & Peter White were my two contacts and almost had me putting my Super into this fund.
I too have reported Alpha Select to the ACCC and ASIC but as already stated on this thread, there is little that these regulators can do.
Contacted Craig Walters today to register my interest in pursuing these crooks. Would be happy to recoup some money but not expecting too.
Huge lesson learnt here and a big dose of reality - these people are the lowest of scum.

See attached company search carried out on Alpha Select.
 

Attachments

  • 1228075.pdf
    88.2 KB · Views: 38
You guys should go and see your local member. Inquiries from an MP are about the only thing that might prompt ASIC to do anything.
 
I got stung by this scum also and have reported it to ASIC. First was contacted in January and invested $5k then after 3months got a call from them to invest more and I stupidly gave them another $45k, did all the backround checks but should have trusted my gut feeling, the one we are chasing is Alpha Select Australia (Watsons Bay)as the one in Melbourne which is just Alpha Select had a business selling phones (at least thats what I've been told, don't know what to believe any more). Was contacted by an Andy Sharpe (the name alone should given it away), also spoke to a Peter White, Dean Simons, Michael Mason and a Michael Tweadanson. Had been trying to get my money out since the end of July and just was being fobbed off or told that they were having issues with there phones, staff etc. anything to stall in the end they were just ignoring my calls, by the time I contacted ASIC it was all to late. I'm hoping some of them will get caught as there still has to be a paper trail with bank records etc. would like to see them go to jail but I'm not holding not breath. If enough of us contact ASIC and the police they are going to have to do something about this as I'm not prepared to just let this scum get away with this. If you worked for Alpha Select and maybe didn't know what was going on I strongly suggest you come forward and tell the police and ASIC as much info as you can.
 
Seems like a bad dream, we too gave them ( Michael Mason ) $50.000.00.
The first of 25, then a further 5, then on the day the website closed down a further 20.
Thank you and come in sucker. Like the rest of you I did what I considered all the obvious checks.
I am prepared to join with anybody who wants to get them.

Regards
David
 
Guess I learned a very old lesson again, if it sounds to good to be true , it probably is to good to be true and it was It cost me $10,000 to relearn that lesson at least I smelt a rat with their last chance offer to invest $50,000 about 3 months into the investment Owen Brown seemed quite annoyed by my refusal to give any more money until the first investment had matured and paid out. Lets face it you always had that underlying feeling these people were shonks right from day one.
 

i too was contacted by phone to invest 6 months ago and i did 5000 then a further 2000 to make 10 then a few days ago the web site was down and phones disconected i cant believe asic in australia cant track them down in this day and age with all this technology. bye bye 10k
 
Did these people just cold call you or did you respond to their advertising?

What actually were you buying?
 
I contacted my local detectives today to report this fraudulent set-up. They took a detailed report which they tell me they send through to the police in the local area for filing and possible investigation. If there is enough complaints and money at stake they will investigate.
So from my dealings with the ACCC, ASIC and police, these government authorities will only act when there is a large number of complaints or significant amount of money involved - which seems to be the in this case.
So the only possibly way of seeing these guys caught and prosecuted is if everyone involved reports it to the ACCC, ASIC and local police station. Strength in numbers people.

PS: Has anyone contacted Craig Walter - Mysterions contact? I spoke to him yesterday and he said he had many reports from victims of this scam. I was expecting some feedback from him via e-mail this morning on what we could do.
 
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