Also here is the CHTCG email sent the other day from there lawyers , CHCTG can no longer reply about this situation and can only issue responses through there lawyers now, not all clients are on the mailing list so some of you may not got it
they have basically confirmed they will no longer be trading/offering services as they won't be getting there own license now regardless what happens with this situation, so on my previous post and this one, support asic and hope you can get as much money as you can back as the company will be redundant in the future.
Dear Valued CHCTG clients
You recently received an email from us concerning recent developments.
ASIC has concerns about the contents of that email and has directed that we advise you of the following matters. Please note that this email is from our lawyers and we are unable to reveal any more information at this point.
1. The funds held by us are the subject of a freezing order obtained by ASIC.
2. That freezing order was obtained on the basis of a number of matters ASIC is investigating which include, but are not limited to, issues relating to the holding of an Australian Financial Services Licence (AFSL).
3. Under the freezing orders obtained by ASIC, we are not able to perform any financial services for the duration of those orders.
4. In the circumstances, we will not be transitioning to our own AFSL.
5. Whilst Mr Iervasi, Mr Sipina and Mr Papoulias are legally represented, neither Courtenay House Capital Trading Group Pty Ltd or Courtenay House Pty Ltd are legally represented in the proceedings brought by ASIC.
We appreciate that you are likely to have a lot of questions about these matters. Could we please ask that you contact ASIC with your queries.
Please note that as and when I have more information, I will send everyone an email with an update.
I would like to request @ asstmoderator and
@Pharaoh to please give your opinion on this email if you have the time - thank you.
Also on the rates they were offering it was 1.5% first 50k, additional 50k lots was 4%, and they only paid 7.5% intrest a month if you had 200k+ invested and only allowed 7.5% on $50,000 there investment scheme was confusing AF, they were also known pay clients less on alot of months, e.g 2.5-3% instead of the projected 4%. so basically people were getting different rates ranging from 1.5 to 7.5% and you were awarded with higher rates with the more money you put in.
Also with the special trading offers i have heard of some people getting there capital back plus 15% profit for 1month of trading only so no idea how they managed that.