Ponzi Scheme Managed Account Question - Courtenay House Trading Group

[Pharaoh]

Pharoah is from a different country and has no knowledge of CHCTG and Tony's trading strategy. We made money, paid tax and now Tony is facing some licensing matters which are about as serious as 9 over on the F3. Once we have a significant number of clients available, we can make a proposal to ASIC

I see someone already sold you some swamp land in Egypt. It's on De Nile.

If you want to talk to ASIC, I suggest you read what they wrote about Ponzi schemes in Australia first:

Ponzi Schemes | ASIC's MoneySmart

I don't need to know someone, their trading system, or any "special and secret financial rules of Australia" to know that 7+% per month, each and every month, without regard to market conditions is a clear warning sign of financial fraud, most likely a Ponzi scheme.

Why not take a few minutes to read some of the other threads here at the where I warned people that their "financial miracle" was somehow not a Ponzi. Make sure to read all the way through each one:

Secureinvestment

CRE Capital Corporation (crecapcorp.com)

Anybody heard of TIRN www.mytirn.com ?

For those too lazy to read and too ready to dismiss me, I'll tell you the short version of what happened in each of these threads. Each thread had people telling me how incredibly wrong I was. These ranged from polite explanations to vicious assaults. Each company turned out to be a Ponzi, but even as things went bad, some true believers couldn't reconcile themselves to the obvious facts.

ASIC doesn't freeze accounts because of a minor paperwork error. Stop dreaming of free wealth. Wake up and focus on recovering whatever you can from this scam. Start by getting in touch with ASIC and offering all the evidence you have.

 

[Sarah2500]

Can someone tell me how we can get our money back?
Please update more information. My friend recommended to me.
What should I do next step?
Any suggestion please let us know.

 

[Pharaoh]

Can someone tell me how we can get our money back?
Please update more information. My friend recommended to me.
What should I do next step?
Any suggestion please let us know.

Contact ASIC now.

www.ASIC.gov.au

 

[Sarah2500]

Thank you.

 

[Toldyaso]

What's the question? Is Tony a good bloke? Answer is no by the way.

Reading through the judgement it seems that good bloke Tony may have been using your money to play the pokies amongst other things and is deemed a possible flight risk. Unbelievable. If you read the links that Pharaoh posted earlier you will have a fairly good idea what's coming.

Take Pharaoh's advice and tell ASIC everything you know or can, it will help to resolve this quicker and hopefully get these crooks put behind bars. The denial has to stop, its not a minor licencing issue, Courtenay House was a scam and will never trade again.

 

[dwforex]

I emailed ASIC to ask them what is going on and they gave me a call and said we cannot reveal any more information than what we have listed on the site. I spoke to Candice Harris who can be contacted on candice.Harris@asic.gov.au and she requested that clients provide ASIC with any relevant financial documentation regarding Courtenay House. I haven't provided any as of yet as I am uncomfortable revealing this personal information. Have any other clients provided ASIC full documents of Courtenay House? I am also hesitant to join that facebook group since members can be publicly seen. But I believe everyone involved with Courtenay House should post any updates here on this thread.

 

[Pani959]

I emailed ASIC to ask them what is going on and they gave me a call and said we cannot reveal any more information than what we have listed on the site. I spoke to Candice Harris who can be contacted on candice.Harris@asic.gov.au and she requested that clients provide ASIC with any relevant financial documentation regarding Courtenay House. I haven't provided any as of yet as I am uncomfortable revealing this personal information. Have any other clients provided ASIC full documents of Courtenay House? I am also hesitant to join that facebook group since members can be publicly seen. But I believe everyone involved with Courtenay House should post any updates here on this thread.

using the FB page does weed out negative and unproductive comments from unhelpful onlookers and it provides an informative environment - it also provides access to FB chat which is 100% secure

 

[almost]

I've also emailed asic asking if they could provide anything further. I stated an estimate of my investment, hopefully if they return my email I can provide them with more relevant info, contracts etc.
I'm reluctant to join the Facebook page for privacy reasons.
There was an unhelpful email dispatched today from chctg. Basis was that the company doesn't have legal representation. I'm sure in due time all info will be made public on this forum. A fast tracked liquidation process would be ideal.

 

[Peacekeeper]

Good morning guys,

Like you all, in the previous week I have been notified about the problemtatic situation regarding Courtenay House Capital Trading, and it is great to have found a medium for us to express our concerns. Now just to provide some backstory, I am a representative of a group of investors, collectively we have approximately 7-8 million invested with the fund. I have previously dealt personally with Tony Iervasi, who has been more then pleasant on every occasion, having even played poker with him sporadically. Following the recent revelations, I spoke personally with Tony, who assured me that all the money is safe and will be returned once the situation is sorted. However, my main reason for alarm is the fact that ASIC are reporting that only up to 25 million has been seized, meaning my group of investors make up an entire 1/3 of the total funds frozen. Does anyone else have, or know of investors with similar amounts of money with the fund, or is my group an outlier? If so, is there a simple explanation such as confusion with what has been reported, or is there a real reason to be afraid that something terrible has happened and the money is simply not there to return to all the investors? Any insight provided would be greatly appreciated at this unsettling time.

Best of luck,
Warren Bluffett

Hi Warren, since you represent a group, it might be useful to have you on the Facebook page. Hope you are aware of it. Please search Courtenay House Clients and send a message to the moderator to Join.

 

[Goliath]

FPA Forums Team Note: Uncivilized content removed. Goliath has proven himself unfit to make further posts inside the FPA and has been permanently banned.

This is the second time Goliath has been banned. He previously joined this thread as user John1968, denied that the company was a Ponzi, and was banned for an uncivilized attack on 2 FPA members.

The FPA recommends against dealing with anyone displaying this sort of behavior.