Option.fm scam

Wensley

Recruit
Messages
3
On 21st December I watched a video from facebook. This was The Saffa Method, and as I am from South Africa, there was a South African flag on the page, and it was narrated by Jake Mason, with an Australian accent. "Jake" assured me he was giving out software and it would not cost me anything to trade. I gave the site my email address and phone number. I was called by Option.fm and when I told them I wasn't interested because the Saffa Method seemed dodgy to me he explained that this was just an ad to get interested parties and he was the broker who would do the deals and my details had been passed on to him. I said I wasn’t interested and had just clicked something on facebook. This was a long call, and I was in the car. He was persuading me to just invest $250 and see what happened to the deposit. When I got home he called again and told me to log on to the website www.option.fm and create an account. I gave my credit card number for the withdrawal of $250. I went away for the Christmas holidays and told them I would not do anything until I returned in January.
On 3rd January David Green called. He asked me to give him a Meeting Share and talked me through their site. He showed me the various trades and said I was not to do any trades myself but that he would look after me and would only do binary option trades where there was a bonus protection. He explained that various companies gave Option.fm these options and if there was sufficient in my account my capital was 100% safe as the bonus protection was in place. He persuaded me to deposit $4,000 via the credit card and told me to log on in the morning to see the balance. He showed me the trade he was going to place, with the bonus protection in place. He said this trade was going to be bonus protected and I could not lose. He did not explain the bonus which would be added to my balance and when I saw this added amount the next day I presumed this was now my real balance.

On 4th January David called again, asked me to look at my balance, which had increased by about $2000 and said he had applied for a withdrawal of $50 which was on it’s way to me to prove that the accounts department had the withdrawal set up properly. David persuaded me to deposit another $5000 – he told me to borrow it, take an overdraft, do whatever it took. He explained to me about non farm payroles and that another bonus protection deal would come up on Friday 5th which I couldn’t take advantage of unless I had a balance of $10000.

On 5th January he called again. My balance had been credited with another bonus and he told me to deposit another $15,000. I told him I couldn’t afford this and he promised me that I would be able to withdraw my capital and still leave a very healthy balance by the end of the following week. He asked me what colour I liked, white, gold, silver or pink. I said pink and he said an I-phone 7 was on it’s way to me because they did so many deals with Apple Inc that they were given gifts to distribute. He asked for my physical address, which I emailed to him.
He said he wanted to put me together with another client of his – her name was Betty – who had $70,000 in her account and if I put in another $15,000 he could put us together into an Elite account and he showed me the additional benefits on the website. The balance needed to be $100,000. He said Apple stock was set to go up in price the following week and that I would see $50,000 in my account very soon and I could then withdraw all my capital if I wanted to. Again he said the deal was bonus protected, and said it was only available to Elite customers. I wrote to him and said I could not afford this and would wait until there were other deals. He called me again and said a client had died, this client had a $5000 bonus due to him and he, David would give it to me if I could find the additional amount to bring my account up to $30,000 - this amount clearly included the bonus they had given me as well as my capital investment. He required another $10,090 from me and he would l then be able to participate in the Apple deal as an Elite account customer. He reiterated that I must not deal on my own and only he would place deals on my behalf. He spoke to me on Friday 6th January, still "excited" about the Apple stock deal and again told me not to be tempted to deal on my own.


Sent: 05 January 2017 15:06
To: 'David Green'
Subject: Sorry, can't do it

Hi David,

Thank you for the opportunity, but I can't get my hands on another $15,000 in the very short term. As I told you, I have put my capital with a finance house and apart from a small amount of liquid cash which is being used to fund my monthly draw downs, the rest is invested for medium term growth. Hopefully there will be other opportunities which will allow my balance to increase,albeit at a slower pace. As you have already almost doubled my initial balance of $9250 to $15845, it would be better for me to just leave the $4000 withdrawal for a few days and know that you will find another "sure fire" option for you to take for me. I do see the benefit of an Elite account, but as we have reached Executive so rapidly, and although $50,000 in my OFM account by the end of January is more than attractive, I haven't got the capital to give you so I will have to pass this time.

Is it not possible for you to get $30,000 for Betty from someone else, and also put my $15,845 balance into Betty's account, making the Elite account $115,000+ instead of $100,000+

Thank you for the I Phone 7 - what a treat! My physical address is :


Kind regards

This is the email I received re this last deposit and the Elite account, dated 4th January, 2017

On Wed, 04 Jan 2017 at 10:25 AM David Green <davidg@option.fm> wrote

"Dear

Great news!! I need to know when exactly today you'll have it, so I'll check if I can put it under your name..reply me asap as im closing the lists soon

Regards,

David Green"

After several telephone calls every day, I didn’t hear from David on Tuesday 10th Jan, and when I logged on on Wednesday 11th there was a notice on the site, copied below.

"Dear Option.FM Client,

We’d like to inform you that Option.FM will be minimizing its operations in your region due to regulatory constraints.

If you have eligible balance in your account you may continue trading by clicking here

If you’d like to withdraw your eligible funds, you are kindly requested to file a withdrawal request through your account and we will refund you the full amount of your net balance. You can withdraw funds by clicking here.

If you have any questions, feel free to reach out to us at earliest convenience.

Sincerely, Option.FM Management

WithdrawalContinue Trading

I immediately wrote to David asking him about this, but he did not respond, and I have not heard from him since. This notice appeared again on 12th January, and was then taken down. I called one of the numbers David had been using and a switchboard operator said David had not been at work for a couple of days, the notice was because the company was closing down and she advised me to withdraw my funds. Whilst she held on to confirm the withdrawal transaction with me I applied for a withdrawal of the balance of $38366, being $19,340 my capital and $19076 in bonus deposits. This withdrawal request is dated 11th January and is still pending on their site. as per copy taken today, 20th January.
Withdrawal
Your withdrawal Details
PendingStatus
38366.00Amount
Date 11/01/201712:30
Transaction ID 20100673Method Wire


On Friday 13th Steve McCarthy, he said he was a Specialist and had been leading David in his deals. He said said David had been reassigned to other clients, the growth in the company had been very rapid and they were consolidating their client base. He asked me if I was at my computer, I was not, and although he called me several times during the day I did not take the calls.

On Monday 16th Jan, I received another call from Option.fm. I asked if this was Steve, no Jason. Jason told me to "quickly" go to my computer, log on because he was "going to make lots of money". I told him I only had deals with a bonus protection and David did not allow me to deal on my own. No, No, I am here to help you. I am an "expert". He then told me to go on to the "chat with your account manager" link on the site, which David had never used, he always called me (to ask for more money). It was frantic, frenetic and absolutely horrible. A few deals won, but then they all lost and my balance is at $3436. Jason then said, on the chat, the recovery person would contact regarding the losses, and he has since refused to speak to me.

I have written two messages on the site "for urgent matters, report to management" but have had no response. I have written three emails to David Green, and one to Steven McCarthy, neither of whom have replied to me.

This is the link to Saffa Method which encouraged me to log in in the first place. I wish I had never seen it/

http://saffamethod.com/index51.php?affClickID=wKNLP7QCTD7KSBM21EIFDO4I

You can proceed to the next step which is funding your account - Go to the broker you signed up with and Click on the "deposit" button so you'll be able to start right away.
78% of our customers test SaffaMethodSoftware with an amount between 200 and 400 USD, which is enough to convince you to very quickly about the quality of SaffaMethodSoftware.


Our brokerage is one of the top brokers binary options worldwide!
And now we wish you a successful trading and we thank you for your choice to test in detail SaffaMethodSoftware!


Here again is the link to login: http://www.saffamethodsoftware.com
SaffaMethodSoftware Team


Email sent by Cash Creator, 1000 5th St., Miami Beach, FL 33139, United States

FPA, please help. I can do a chargeback with my bank but the forms have to be submitted within 30 days and the first withdrawal of $250 is 30 days from today. I have read other threads carefully and will complete the bank dispute form using the services not provided reason for the chargeback but any advise you can give me will be greatly appreciated.
 

FxMaster

Lt. Colonel
Messages
9,549
On 21st December I watched a video from facebook. This was The Saffa Method, and as I am from South Africa, there was a South African flag on the page, and it was narrated by Jake Mason, with an Australian accent. "Jake" assured me he was giving out software and it would not cost me anything to trade. I gave the site my email address and phone number. I was called by Option.fm and when I told them I wasn't interested because the Saffa Method seemed dodgy to me he explained that this was just an ad to get interested parties and he was the broker who would do the deals and my details had been passed on to him. I said I wasn’t interested and had just clicked something on facebook. This was a long call, and I was in the car. He was persuading me to just invest $250 and see what happened to the deposit. When I got home he called again and told me to log on to the website www.option.fm and create an account. I gave my credit card number for the withdrawal of $250. I went away for the Christmas holidays and told them I would not do anything until I returned in January.
On 3rd January David Green called. He asked me to give him a Meeting Share and talked me through their site. He showed me the various trades and said I was not to do any trades myself but that he would look after me and would only do binary option trades where there was a bonus protection. He explained that various companies gave Option.fm these options and if there was sufficient in my account my capital was 100% safe as the bonus protection was in place. He persuaded me to deposit $4,000 via the credit card and told me to log on in the morning to see the balance. He showed me the trade he was going to place, with the bonus protection in place. He said this trade was going to be bonus protected and I could not lose. He did not explain the bonus which would be added to my balance and when I saw this added amount the next day I presumed this was now my real balance.

On 4th January David called again, asked me to look at my balance, which had increased by about $2000 and said he had applied for a withdrawal of $50 which was on it’s way to me to prove that the accounts department had the withdrawal set up properly. David persuaded me to deposit another $5000 – he told me to borrow it, take an overdraft, do whatever it took. He explained to me about non farm payroles and that another bonus protection deal would come up on Friday 5th which I couldn’t take advantage of unless I had a balance of $10000.

On 5th January he called again. My balance had been credited with another bonus and he told me to deposit another $15,000. I told him I couldn’t afford this and he promised me that I would be able to withdraw my capital and still leave a very healthy balance by the end of the following week. He asked me what colour I liked, white, gold, silver or pink. I said pink and he said an I-phone 7 was on it’s way to me because they did so many deals with Apple Inc that they were given gifts to distribute. He asked for my physical address, which I emailed to him.
He said he wanted to put me together with another client of his – her name was Betty – who had $70,000 in her account and if I put in another $15,000 he could put us together into an Elite account and he showed me the additional benefits on the website. The balance needed to be $100,000. He said Apple stock was set to go up in price the following week and that I would see $50,000 in my account very soon and I could then withdraw all my capital if I wanted to. Again he said the deal was bonus protected, and said it was only available to Elite customers. I wrote to him and said I could not afford this and would wait until there were other deals. He called me again and said a client had died, this client had a $5000 bonus due to him and he, David would give it to me if I could find the additional amount to bring my account up to $30,000 - this amount clearly included the bonus they had given me as well as my capital investment. He required another $10,090 from me and he would l then be able to participate in the Apple deal as an Elite account customer. He reiterated that I must not deal on my own and only he would place deals on my behalf. He spoke to me on Friday 6th January, still "excited" about the Apple stock deal and again told me not to be tempted to deal on my own.


Sent: 05 January 2017 15:06
To: 'David Green'
Subject: Sorry, can't do it

Hi David,

Thank you for the opportunity, but I can't get my hands on another $15,000 in the very short term. As I told you, I have put my capital with a finance house and apart from a small amount of liquid cash which is being used to fund my monthly draw downs, the rest is invested for medium term growth. Hopefully there will be other opportunities which will allow my balance to increase,albeit at a slower pace. As you have already almost doubled my initial balance of $9250 to $15845, it would be better for me to just leave the $4000 withdrawal for a few days and know that you will find another "sure fire" option for you to take for me. I do see the benefit of an Elite account, but as we have reached Executive so rapidly, and although $50,000 in my OFM account by the end of January is more than attractive, I haven't got the capital to give you so I will have to pass this time.

Is it not possible for you to get $30,000 for Betty from someone else, and also put my $15,845 balance into Betty's account, making the Elite account $115,000+ instead of $100,000+

Thank you for the I Phone 7 - what a treat! My physical address is :


Kind regards

This is the email I received re this last deposit and the Elite account, dated 4th January, 2017

On Wed, 04 Jan 2017 at 10:25 AM David Green <davidg@option.fm> wrote

"Dear

Great news!! I need to know when exactly today you'll have it, so I'll check if I can put it under your name..reply me asap as im closing the lists soon

Regards,

David Green"

After several telephone calls every day, I didn’t hear from David on Tuesday 10th Jan, and when I logged on on Wednesday 11th there was a notice on the site, copied below.

"Dear Option.FM Client,

We’d like to inform you that Option.FM will be minimizing its operations in your region due to regulatory constraints.

If you have eligible balance in your account you may continue trading by clicking here

If you’d like to withdraw your eligible funds, you are kindly requested to file a withdrawal request through your account and we will refund you the full amount of your net balance. You can withdraw funds by clicking here.

If you have any questions, feel free to reach out to us at earliest convenience.

Sincerely, Option.FM Management

WithdrawalContinue Trading

I immediately wrote to David asking him about this, but he did not respond, and I have not heard from him since. This notice appeared again on 12th January, and was then taken down. I called one of the numbers David had been using and a switchboard operator said David had not been at work for a couple of days, the notice was because the company was closing down and she advised me to withdraw my funds. Whilst she held on to confirm the withdrawal transaction with me I applied for a withdrawal of the balance of $38366, being $19,340 my capital and $19076 in bonus deposits. This withdrawal request is dated 11th January and is still pending on their site. as per copy taken today, 20th January.
Withdrawal
Your withdrawal Details
PendingStatus
38366.00Amount
Date 11/01/201712:30
Transaction ID 20100673Method Wire


On Friday 13th Steve McCarthy, he said he was a Specialist and had been leading David in his deals. He said said David had been reassigned to other clients, the growth in the company had been very rapid and they were consolidating their client base. He asked me if I was at my computer, I was not, and although he called me several times during the day I did not take the calls.

On Monday 16th Jan, I received another call from Option.fm. I asked if this was Steve, no Jason. Jason told me to "quickly" go to my computer, log on because he was "going to make lots of money". I told him I only had deals with a bonus protection and David did not allow me to deal on my own. No, No, I am here to help you. I am an "expert". He then told me to go on to the "chat with your account manager" link on the site, which David had never used, he always called me (to ask for more money). It was frantic, frenetic and absolutely horrible. A few deals won, but then they all lost and my balance is at $3436. Jason then said, on the chat, the recovery person would contact regarding the losses, and he has since refused to speak to me.

I have written two messages on the site "for urgent matters, report to management" but have had no response. I have written three emails to David Green, and one to Steven McCarthy, neither of whom have replied to me.

This is the link to Saffa Method which encouraged me to log in in the first place. I wish I had never seen it/

http://saffamethod.com/index51.php?affClickID=wKNLP7QCTD7KSBM21EIFDO4I

You can proceed to the next step which is funding your account - Go to the broker you signed up with and Click on the "deposit" button so you'll be able to start right away.
78% of our customers test SaffaMethodSoftware with an amount between 200 and 400 USD, which is enough to convince you to very quickly about the quality of SaffaMethodSoftware.


Our brokerage is one of the top brokers binary options worldwide!
And now we wish you a successful trading and we thank you for your choice to test in detail SaffaMethodSoftware!


Here again is the link to login: http://www.saffamethodsoftware.com
SaffaMethodSoftware Team


Email sent by Cash Creator, 1000 5th St., Miami Beach, FL 33139, United States

FPA, please help. I can do a chargeback with my bank but the forms have to be submitted within 30 days and the first withdrawal of $250 is 30 days from today. I have read other threads carefully and will complete the bank dispute form using the services not provided reason for the chargeback but any advise you can give me will be greatly appreciated.

Option.fm already marked as a scam Broker base on Trader`s vote and scamming cases. You can read more here http://www.forexpeacearmy.com/forex-reviews/11866/www.option.fm

Now, come to the solution of your problem, If you deposited your money via credit card then contact the credit card customer care asap and ask them to file a chargeback OR Contact Rebecca here WinChargeback, she will help you to get back your money.
 

Wensley

Recruit
Messages
3
Option.fm already marked as a scam Broker base on Trader`s vote and scamming cases. You can read more here http://www.forexpeacearmy.com/forex-reviews/11866/www.option.fm

Now, come to the solution of your problem, If you deposited your money via credit card then contact the credit card customer care asap and ask them to file a chargeback OR Contact Rebecca here WinChargeback, she will help you to get back your money.

Thank you. Should I do both? I have the dispute form from the bank but don't know exactly how to word the "not received goods and services" in order to make a good case
 

Gladiator

Private, 1st Class
Messages
67
Thank you. Should I do both? I have the dispute form from the bank but don't know exactly how to word the "not received goods and services" in order to make a good case
Hi Wensley,
Feel sorry for your loss and for being another victim of Option FM :mad:
You could do both as you should not pass the time limit for chargeback with your bank.
 

Wensley

Recruit
Messages
3
Thanks Gladiator, I lodged chargeback with the bank yesterday and have also contacted Rebecca who cannot attend to me for 14 days, by which time I should know if the bank will do anything.
 

norto333

Recruit
Messages
1
hi all this starting to be like a sucker club i lost 20,000 aus i idid notify my credit card company to do a charge back but iam still paying . i told the them they should know better and not allow the original authorization ... they must know what this scum are
 

Pharaoh

Colonel
Messages
19,964
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