The Hornet
Recruit
- Messages
- 4
Original FPA Traders Court Submission:
I am submitting the case against: www.AppleInvestmentCompany.com.au
My Case is: On 05/26/11 I signed a 24 month contract with Apple Investment Company (AIC) guaranteeing that over a 24 month period AIC FX Caibre Trading Platform would produce an average monthly return of 13% over 24 months. The package cost me a total of $15,800.00 plus and additional $10,000.00 to trade with on the platform. The package included training sessions with Apple Investment Companies head trader who was going to supply me with daily emails on what currencies he would be trading on and in which direction they would be heading. Instead I never received over a 13 month period one email from this so called 'head trader' and only received training from the technical support staff (Emma Harte). After 13 months of continual losses and watching my trading account of $10,000.00 drop 50% to $5000.00 I demanded answers from the company as to why after over a year this program had continually failed to produce a profit and stopped the use of the system. It also came to my attention that Apple Investment Company no longer possessed an AFSL number which they provided at the start of the contract and was one of the reasons I signed up with the company as they seemed reputable and provided an AFSL. I believe they are now trading illegally without this license and after several conversations with Shane Andrews from the Apple Investment Company he has stated that no refund will be processed until I have traded for a full 24 months even if the platform lose me every cent of my trading account. I am also unable to get answers as to why the platform has continually lost me money and not produced returns like I was shown by AIC when first signing up. Shane Andrews response to why the organisation no longer has an AFSL and Shane Andrews reason for not having one was "due to changes in Apple Investment Companies business strategies we are no longer required to represent an Australian Financial Services License" which I believe to be total incorrect and illegal and another key reason as to why this company has falsely misleading me and should no longer be trading and refund my investment of $15,800.00. Also due to the misleading figures I was provided at the start of the contract the company should also be held accountable for my loss of $5000.00 through the use of there FX Caibre Trading Platform.
New thread in the Scam Alerts Folder:
Review is submitted by The Hornet on 07/14/11
The company was first contacted about the issue on 06/29/11 the last contact was on 07/18/11
Details: When I first requested a refund Shane Andrews threw some legal jargon at me about terms and conditions of use which will be attached.
I emailed Shane Andrews a letter stating the reason as to why I should be refunded $15,800.00 and this was his response after a week of trying to get a response:
Adam,
After reviewing your letter I confirm that the original findings stand at this point in time.
Please note that you were never guaranteed a profit of 13% per month but rather guaranteed that if at the end of 24 months you did not average 13% profit per month you would be refunded your purchase price of the FX Calibre. Apple Investment Company will continue to adhere to the signed agreement and will obligingly fulfil the required terms of said agreement in the specified time frame, not before.
In accordance with you package Emma Harte was one of the Head Trader of the customer support team.
I confirm that Apple Investment Company will not be issuing a refund on your purchase of the FX Calibre at this present point although remain committed to meet all terms of our agreement and will reopen the case if required to in due course.
Regards,
Shane Andrews
I have since emailed him asking him more questions about why the company no longer has an AFSL and an explanation as to why the system has not produced a profit with no response.
I have read receipts showing he has got my emails but chooses not to respond to them.
Company representatives' emails: Shane Andrews <shane@appleinvestmentcompany.com.au>
I am submitting the case against: www.AppleInvestmentCompany.com.au
My Case is: On 05/26/11 I signed a 24 month contract with Apple Investment Company (AIC) guaranteeing that over a 24 month period AIC FX Caibre Trading Platform would produce an average monthly return of 13% over 24 months. The package cost me a total of $15,800.00 plus and additional $10,000.00 to trade with on the platform. The package included training sessions with Apple Investment Companies head trader who was going to supply me with daily emails on what currencies he would be trading on and in which direction they would be heading. Instead I never received over a 13 month period one email from this so called 'head trader' and only received training from the technical support staff (Emma Harte). After 13 months of continual losses and watching my trading account of $10,000.00 drop 50% to $5000.00 I demanded answers from the company as to why after over a year this program had continually failed to produce a profit and stopped the use of the system. It also came to my attention that Apple Investment Company no longer possessed an AFSL number which they provided at the start of the contract and was one of the reasons I signed up with the company as they seemed reputable and provided an AFSL. I believe they are now trading illegally without this license and after several conversations with Shane Andrews from the Apple Investment Company he has stated that no refund will be processed until I have traded for a full 24 months even if the platform lose me every cent of my trading account. I am also unable to get answers as to why the platform has continually lost me money and not produced returns like I was shown by AIC when first signing up. Shane Andrews response to why the organisation no longer has an AFSL and Shane Andrews reason for not having one was "due to changes in Apple Investment Companies business strategies we are no longer required to represent an Australian Financial Services License" which I believe to be total incorrect and illegal and another key reason as to why this company has falsely misleading me and should no longer be trading and refund my investment of $15,800.00. Also due to the misleading figures I was provided at the start of the contract the company should also be held accountable for my loss of $5000.00 through the use of there FX Caibre Trading Platform.
New thread in the Scam Alerts Folder:
Review is submitted by The Hornet on 07/14/11
The company was first contacted about the issue on 06/29/11 the last contact was on 07/18/11
Details: When I first requested a refund Shane Andrews threw some legal jargon at me about terms and conditions of use which will be attached.
I emailed Shane Andrews a letter stating the reason as to why I should be refunded $15,800.00 and this was his response after a week of trying to get a response:
Adam,
After reviewing your letter I confirm that the original findings stand at this point in time.
Please note that you were never guaranteed a profit of 13% per month but rather guaranteed that if at the end of 24 months you did not average 13% profit per month you would be refunded your purchase price of the FX Calibre. Apple Investment Company will continue to adhere to the signed agreement and will obligingly fulfil the required terms of said agreement in the specified time frame, not before.
In accordance with you package Emma Harte was one of the Head Trader of the customer support team.
I confirm that Apple Investment Company will not be issuing a refund on your purchase of the FX Calibre at this present point although remain committed to meet all terms of our agreement and will reopen the case if required to in due course.
Regards,
Shane Andrews
I have since emailed him asking him more questions about why the company no longer has an AFSL and an explanation as to why the system has not produced a profit with no response.
I have read receipts showing he has got my emails but chooses not to respond to them.
Company representatives' emails: Shane Andrews <shane@appleinvestmentcompany.com.au>
Attachments
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