Ponzi Scheme Managed Account Question - Courtenay House Trading Group

Guaranteed profits become guaranteed losses.
i have already asked so many questions to them, i agree with you on the above Pharaoh, the insurance polices they have is like with 3 different companies and to validate or verify them is very difficult for a client since were not suppose to have access to the policy.

i have asked in-depth information on alot of things policies,trading history etc and i hit a brick wall and they give me an excuse for not providing it too me.

what also bothers me is, they are suppose to be trading with your money and refuse to release trading history on the returns they are paying and give an excuse for not providing it, if they want you to invest 6 figures with them you would think they can provided detailed information on what exactly is going on with your cash.

one of there products, they have said 4% return a month, but for the last 6months they have been giving between 2-3.5% for that never the full 4% as advertised,yet they can pay out 7.5% to the clients with 250k+ invested with them i can't really work this part out for the life off me, and they won't show trading history for the products they offer , this combined with everything else said above alot of thing's seem to dubious.

overall i would agree with you on everything pharaoh, if anyone else invested with the company wants to weigh-in on this topic it would be good to hear from you.
 
Is that 7.5% per month? If so, ask each insurance company if they are aware the company they are insuring is making an impossible offer.

Is this company regulated?
 
yes that is 7.5% a month, minimum investment is 250k for this, they let you put 50k in this if you have 200k invested with them already, so 50k @ 7.5% translates to 3,750$ returns a month plus you are getting whatever on your previous 200k, so this ends up being 5 figures a month they apparently end up paying you as profit if you are 6 figures heavily invested with them.



regarding insurance companies,you call them and they won't talk or discuss with you the insurance or policies unless you are from the company insured or have permission to talk about the policies with them.

apparently they are regulated by the Australian Securities and Investments Commission

basically i tried calling the people above already and they are not intrested in speaking to me as i have no permission speak to them for security reasons if im not from the company and tell me there is nothing they can do for me.
 
I received an email recently from Courtenay House informing me that they are no longer accepting deposits into any of their trading funds. Since this email was sent out to all existing clients, I am also assuming that this would mean that they are no longer accepting deposits from any potential new clients.

Would anyone here have any idea as to what this type of measure could be due to? Perhaps something similar has happened to other Forex managed accounts in the past?
 
Just an update on my previous post, they are actually stopping all deposits and withdrawals until further notice. From the little that I could gather it seems that they are being audited by ASIC, but it may be due to something else.

A question for Pharaoh (or anyone with knowledge in this area): what are the chances that clients will be able to receive all their invested funds back? And assuming a week passes and there is still no movement on Courtenay House's end, what is the recommended plan of action?
 
hi i am with them as well when did u recieve email as i did not receive it , though i inquired on thurs as u mentioned they are not accepting any funds because of other issues relating to business changes
 
I have had people I know tied up with this and I've told them time and again its a Ponzi scheme. Its nice to be finally proved right
 
You must log in or register to reply here.

Similar threads

V
Discuss Storm FX Marketz Forex/Crypto Broker has a special HYISA Savings Account Program.
Replies
8
Views
86
Pharaoh
Pharaoh
D
Services Offered Free Forex Managed Account Trail
Replies
0
Views
124
DXBTRADER
D
D
Compare Most reliable CFD broker who withdraws profits without issues
Replies
5
Views
59
cordelian
C
S
Services Offered Premium Web portal of the Brokerage Company worth 25,000 Euro
Replies
3
Views
192
SaleMT4SRV
S
AsstModerator
  • Locked
Can A Company Ask Clients To Leave Reviews?
Replies
1
Views
29
RahmanSL
RahmanSL

Share this page

Back
Top