Morgans Group Eq - Morgans Group Equity Pty Ltd Arbitage dialabet ripoff-took money and did not do anything but disappeared Gold Coast Supposedly Internet

About five months ago we were rung about a company dealing in sport- dialasport- an arbitage deal which sound wondeful to the uninitiated lkie we were. They asked for $8800 of which they would keep $5000 and use the rest to trade . We thought it so good because they promised to make at least $10000 in six months and then we could draw money from the account. SO we inivested another $8800 in a no2 deal. We checked the internet and sure enough our money was growing daily. Around October we were faxed another offer for No 3 deal which was to close at the end of the month. We hurriedly bought 2 shares each of $8800. A few days ago 2nd Dec I tried to access the internet site and it bounced back - nothing. Tried to ring the no- nothing. I got worried and suspicious. Started to check and found that the names used were all wrong and only names of musicians- stupid me. i contacted the banks concerned as we had paid by credit card and they had all our details. I think that would have been the next step to clear us out but we stopped them and renewed the cards.

It appears that the group have been doing this in Sydney and Canberra as well previously under the names of Spectre and Blue Point Trading. Estimated they have ripped off $5 million from our searches. I have reported them to the banks and Fair Trading office. Police didn't want to handle it because they said it was a form of gambling.

The old saying of easy money doesnn't exist- how true. WE have lost over $30000 but hope that we can recover some of it as it is less than 4 months since the last purchase.

Always be suspicious and check - even ASIC doesn't help as any company can be registered and then deregistered.

Maureen
CAIRNS
Australia