Complaint Review: Perpetual Trading International – Craig Duffy | Notice: Ripoff Report VIP Arbitration Decision: A neutral and independent Arbitrator has determined that the following Report contained one or more false statements of facts. The false statements have been redacted as ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). | Furthermore, the Arbitrator found that there is no association between Complainant and Perpetual Trading International. | ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) crooks on the Gold Coast Australia

This is VERY detailed and i suggest reading.

I received a telemarketing cold call from a company who's name i didn't catch spouting some rant about changes in legislation blah blah blah, and if they could send a brochure. Seeing as i was at work at the time i just said yes to get off the phone. I received the brochure in the mail a few days later.

For all intensive purposes, it's a nice brochure and VERY appealing. It stresses how easy it is to make money, even appealing to people who don't have a lot of money by suggesting you can start with as little as $100.

Upon looking at the back of the brochure, the company's detailed are listed as

AMP BUILDING
140 ST GEROGES TERRACE
PERTH, AUSTRALIA 6000
ABN 99 123 098 313
telephone: 1300 669 637
fax: 1300 653 004
www.xft-sniper.com


So i start by doing a little search of the website. Again, it looks nice. I google it, and come up with very little, but this website did come up so i had a look. Then i dug some more.

The ABN is listed to XFT PTY LTD. It was registered on 12 December 2006. But was updated 1 May 2007 - from what i can see to make it's GST status effective.

Lets look at Perpetual Trading International - After all, there is a rebuttal from an employee here. firstly i google them to see what comes up. It's not much, it comes across to me they are trying to ride off the name of a bigger investment company "perpetual". Anyway i end up finding the website http://pfdsolution.com. It's a very average looking website. the ABN is not shown on the website, but i searched business.gov.au and found that it's 52 104 222 602.

The history of that ABN shows it was originally registered on 27 March 2003. BUT it was registered to Zagi Pty Ltd. It shows a name change to "PERPETUAL TRADING INTERNATIONAL PTY LTD" on the 3 March 2008 ONLY 1 month ago.

Now the man who's apparently behind it all - MR Craig Francis Duffy. There is ALOT on him floating around. From what i can see from the information on the net, I've come to the conclusion that the WHOLE scam they have going is based around "financial software" such as Star Trader, Go Gecko and now Sniper.

There is plenty more, but it is now very late as i've spent literally hours looking into this, it's amazing some people are allowed to continue trading. I would advise EVERYONE to avoid this. If anyone wants more of the information i found, reply to this and i will post it shortly.

Hi,
I am a current employee of this firm and can verify that the company itself is legitimate.
Perpetual Trading International has not had any complaints against it from any current clients as they are all generating returns through their investments.
I have noted that the derogatory comment which was left here on Rip-Off Report was filed by a person named Alan Davenport from the Gold Coast.
Mr. Alan Davenport is the director of an opposition company named WTS Investments, or as they're now known, World Trade Systems.
This comment is an obvious attack against our company and our reputation and will not be tolerated. This has been brought to the attention of the bosses and I would imagine legal action will be taken against Alan Davenport and his company.
To verify that Alan Davenport is the director of WTS please feel free to google either the company name or his personal name and I am sure you will find alot of information pertaining to not only the company but also him and his reputation. I can assure you he is not a credible source of information!!!
I hope that this clears up any misconstrued views that people may have had about our company and I hope that this in no way damages our impeccable reputation.