In April this year I was rung by a woman with an accent whose name was Gina. She claimed she was representing a firm Morgans Group Equity who were running a Sports Arbitage scheme. To become a member I was required to invest $8, 800 and then after 6 months and after the fund had grown to $10, 000 I could then start to withdraw my " profits"
I was sent a glossy brochure which seemed convincing and I was continually hounded by Gina until I joined. I protested I didn't have the money at first but she suggested I put it on my
American Express Card.
To access your account you were supplied a username and password which you could look up there website. Alternatively you could email Rick Harrington at customer support at
Three weeks ago their website wouldn't open and emails to their address including firstname.lastname@example.org were returned with a failure notice. Their 1800 also would not respond and would ring out.
In their brochure they claimed they were associated with Dial A Bet in Vanuatu where they had a Company Address. I rang Dial A bet in Vanuatu several times and finally got through to a manager Mark Probos and he duly told me that they had no association with Morgans Grouo Equity and that they were only a customer.
My business Partner Peter did a company search and has found that the registered Propietor of Morgang Grouo Equity Pty Ltd listed in Victooria as Morgans Group Equities is a Daniel Brian Morgan of 58 Wrights Terrace, Prahan, Melbourne, Victoria. Daniel Morgan has a private telephone listing.
I also rang the Chamber of Commerce in Vanuatu and they put me onto the Financial Services Commission who advised me the Morgans Group Equity had a Registered Office in Vanuatu with Solicitor Geoffrey Gee. I have spoken with Geoffrey and he has advised me that he is only suppling a Post Office Box. He also said he would try and contact Rick Harrington about my complaint and others he had received. When I last spoke to Geoffey he advised me that if he hadn't heard from RicK Harrington within a few days he would take steps to close their Registered Office. The Financial Services Commission Phone Number from Australia is 0011 678 22247. Geoffrey Gee's Phone Number from Australia is 0011 678 22067
I have also spoken with ASIC who referred me to Fair Trading Victoria. I spoke with Fair Trading Victoria and they sent me a form to complete which I ahve done a few days ago and returned to their office with all the details I have spoken about plus photocopies of all the forms which I received from Morgans Group Equity which were signed and completed by me as well as any other relevant material I had on hand from them. Fair trading Victoria has also advised me to go down to my local Police Station and report the matter.