paulm1162
Sergeant
- Messages
- 125
I signed up with lbinary.com on 19/11/2013 initially intending to deposit an amount of £315.00 to see how i fared with online binaries but before i could even make a deposit your alleged head broker chris cooper rang me for what went on for almost 5 hours.
I explained i was unemployed, no savings and a carer for my father, yet he persisted with telling me about a big event on the 21/11/2013 in the u.s which guarantees success with only a 1% risk of losing and furthermore said these were insured trades which cost £3000 to buy, to which i laughed as i didn't have anything like that amount to play with so said no, but he assured me that as these were insured trades for 95% the most I could lose, 1% chance risk he said, would be £150.
I was very unsure, as i always err on caution but eventually, because he told me of the insurance and that they only normally offer these to there big clients etc etc, he persuaded me to max out my credit card and take £2000 from my current account on my debit card and after much re assurance,, i said o.k.
Eventually taking 3 of them.
2 of them lost money so in order to claim the insurance i had to send verification of credit card front and rear, my passport and utility bill.
Sure enough the £5700 was back in my lbinary account but to my horror it was classed as a bonus, which i had already told him i avoid as the play through requirements are horrendous but was assured these were insured.
After the weekend when i could get hold of chris cooper he said they were a bonus and that i would have to play bonus + deposit 10X, even the amount i had initially deposited of £315.00, which i had already played with, was taken into calculation.
He said he would work with me and get through the play through requirements as the credit card company would want their money early December.
After 3 days he tried to talk me into a managed account by adding a further £3500 to £4000 to my account (debt), I refused and what happened after has since been resolved, (unauthorised withdrawal of £12000 from my account, which they eventually gave back) I am however left with a debt of £8000, as i did have a little money in my current account for bills etc, due to the "Insured trades" which is beside the point as i was blatantly mis-sold these "Insured trades" as they were in fact a bonus. Even knowing i don't accept bonuses because of the play through rate, I was still assured they were insured.
regards,
Paul merriman
I explained i was unemployed, no savings and a carer for my father, yet he persisted with telling me about a big event on the 21/11/2013 in the u.s which guarantees success with only a 1% risk of losing and furthermore said these were insured trades which cost £3000 to buy, to which i laughed as i didn't have anything like that amount to play with so said no, but he assured me that as these were insured trades for 95% the most I could lose, 1% chance risk he said, would be £150.
I was very unsure, as i always err on caution but eventually, because he told me of the insurance and that they only normally offer these to there big clients etc etc, he persuaded me to max out my credit card and take £2000 from my current account on my debit card and after much re assurance,, i said o.k.
Eventually taking 3 of them.
2 of them lost money so in order to claim the insurance i had to send verification of credit card front and rear, my passport and utility bill.
Sure enough the £5700 was back in my lbinary account but to my horror it was classed as a bonus, which i had already told him i avoid as the play through requirements are horrendous but was assured these were insured.
After the weekend when i could get hold of chris cooper he said they were a bonus and that i would have to play bonus + deposit 10X, even the amount i had initially deposited of £315.00, which i had already played with, was taken into calculation.
He said he would work with me and get through the play through requirements as the credit card company would want their money early December.
After 3 days he tried to talk me into a managed account by adding a further £3500 to £4000 to my account (debt), I refused and what happened after has since been resolved, (unauthorised withdrawal of £12000 from my account, which they eventually gave back) I am however left with a debt of £8000, as i did have a little money in my current account for bills etc, due to the "Insured trades" which is beside the point as i was blatantly mis-sold these "Insured trades" as they were in fact a bonus. Even knowing i don't accept bonuses because of the play through rate, I was still assured they were insured.
regards,
Paul merriman
