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Report: #735692

Complaint Review: OpVest - Irvine California

  • Submitted:
  • Updated:
  • Reported By: Wei Wu — Orlando Florida USA
  • Author Not Confirmed What's this?
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  • OpVest 8001 Irvine Center Drive Suite 1030 Irvine, California United States of America

OpVest Sell options to you and suck all your money Irvine, California

*Author of original report: any other victims?

*Consumer Comment: Ditto

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Be careful with Richard too, they are predators. He will call you up (or have some body call you up) to ask for your investment to help Opvest to "have some cash in the Opvest and in the mean time they will help you to overcome the financial difficulty". after opening the account they will show you some profit (this proves you he is OK in trading). the transactions are taped so they think they can not be sued. He is a slick guy who is good at phone and will lure you into investing more money into options trading but all he does is selling losing options to you while maintaining his pretended intention that he is trying his best to making you money. Don't deal with Richard at Opvest, I was asked 2500$ in the beginning and then was asked to add 2500$(I only gave him 1000$), and it was down to 200$ in 6 months!! ------ Person who had this tricky behavior should be punished.

This report was posted on Ripoff Report on 06/01/2011 04:38 PM and is a permanent record located here: https://www.ripoffreport.com/reports/opvest/irvine-california-/opvest-sell-options-to-you-and-suck-all-your-money-irvine-california-735692. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner

#2 Author of original report

any other victims?

AUTHOR: Wei Wu - (USA)

POSTED: Wednesday, March 14, 2012

It is the Opvest that allows this type of cheatings. Not only Richard Pelfrey single person. After my account was beaten down, Opvest enforced me to quit! They said to me over the phone that they "must get rid of any complained clients" so they can "maintain" their "excellent reputation"! 

Is there any other victims? I can be contacted by wwu_mail@126.com .

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#1 Consumer Comment

Ditto

AUTHOR: J. Davis - (United States of America)

POSTED: Wednesday, March 14, 2012

Wish I hadd read this first before dealing with Richard. My experience was the same as yours, except after he had lost 80% of my investment using the same tactics, he "left the company" and Opvest had a new broker who was willing to assist traders like myself who had been " badly beaten up". He took a reduced fee to try and help me out, and then proceeded to lose the last half of my remaining $1000. I invest $5500 and limp away with $500 remaining.  And I have no doubt the agents are laughing all the way to the bank.

Play slots instead- they are more fun!!

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