Prestige Capital Australia

[ozytodd]

Hi there
has anyone heard of this company ?
my friend has joined them ,he paid $35 000 and they apparently guarantee him $500 a week,that compounds.
He supposedly signed a contract that allows him to withdrawl either $50 a day or cant touch it for a year,he signed the year.
Im worried as a check on ASIC website says "beware this company is unlicensed "
he thinks its fine cause they have an ABN and ACN.
its a lot of money and i reckon its a scam as it sounds so dodgy,
can anyone suggest any info or method to find out the Truth ?
Regards
Ozy

 

[Master Yoda]

Without going into details, anyone who offers you a guarantee for profit is either a scammer or an idiot.

The very basic of the investment world is RISK! There is no an investment without a risk...

I suggest your friend to get back his money and run away as fast as he can

 

[Pharaoh]

Go ahead and post the url of their website. This will make sure everyone in the thread is talking about the same company.

 

[ozytodd]

Scam or not ?

Go ahead and post the url of their website. This will make sure everyone in the thread is talking about the same company.

Thankyou for the advice
here is the link to the website
prescap.com.au/

Prestige Capital Australia and they put your winnings in an account held by
Binary.com
which i checked and is a Licensed gambling firm registered in London

im not sure how to check when you guys right back i stumbled on this thread again via google
i am really concerned for my friend and appreciate any help.
my email is
ozytodd37@hotmail.com

Thankyou in Advance for those willing to offer sincere advice

 

[Pharaoh]

Lovely. It's like hiring an "account manager" to play roulette for you, except that the payouts at binary brokers are far worse than what you would get at any real casino.

Tell your friend to try to withdraw the money as quickly as possible.

Also, have your friend contact binary.com and ask if they even know about Prestige Capital managing accounts there.

 

[ozytodd]

Thankyou Pharaoh

i checked ASIC and they say they dont have AFSL ,so its dodgy for sure
thanks for your help .

 

[PipStar]

he thinks its fine cause they have an ABN and ACN.
Ozy

Having an ABN and ACN only means that it is a company registered in Australia. It means nothing else.
All Australian companies have an ABN and ACN. It says nothing about whether the company is trustworthy.

 

[Master Yoda]

Having an ABN and ACN only means that it is a company registered in Australia. It means nothing else.
All Australian companies have an ABN and ACN. It says nothing about whether the company is trustworthy.

Or even regulated. They can be registered as a marketing company