• Report: #994812
Complaint Review:

Luxman Trading Concepts

  • Submitted: Thu, January 10, 2013
  • Updated: Thu, January 10, 2013

  • Reported By: Annieloulou — Potomac Maryland United States of America
Luxman Trading Concepts
4712 Admiralty Way #185 Marina del Rey, California United States of America

Luxman Trading Concepts Refuses to honor contract refund for nonperformance Marina del Rey, California

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This firm sells ("licenses") automated trading programs, via cold calls.  The contract states the license fee will be refunded if the program is not profitable in six months.  Their M.O. is to simply not honor the contract terms.

I see they have been continuing this scam for some time and hooked quite a few victims.  I feel foolish indeed for having violated the First Commandment of investing--thou shalt invest no money within *anyone* who calls you first, no matter how convincing they may sound.  Also, apparently, a written contract isn't worth the paper it's written on, and that the average taxpayer gets very little for the millions (billions?) of our tax money spent on supposed oversight and regulation of financial services.

This report was posted on Ripoff Report on 01/10/2013 05:32 PM and is a permanent record located here: http://www.ripoffreport.com/reports/luxman-trading-concepts/marina-del-rey-california-90292/luxman-trading-concepts-refuses-to-honor-contract-refund-for-nonperformance-marina-del-re-994812. 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.

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