Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #474083

Complaint Review: Luxman Trading Concepts - Marina Del Ray California

  • Submitted:
  • Updated:
  • Reported By: Lima Ohio
  • Author Confirmed What's this?
  • Why?
  • Luxman Trading Concepts 4712 Admiralty Way, Suite 185 Marina Del Ray, California U.S.A.

Luxman Trading Concepts are Real Scam Artists. Will Not Pay the Guarantee The Promised in Writing. Marina Del Ray California

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

In January of 2009, I signed up with Luxman Trading Concepts after receiving a written Guarantee that if their trading of the Gamma System did not make moneyfor me within 6 months of signing up, I would receive half of my initial investment back which was $4500. After 7 months the remainder of my investment would be returned. Apparently I was lucky in that most of the clients have been swindled out of $6000 or more.

In the past I have personally spoke with Ward Thompson, the apparent designer of the trading software; Jack Lawrence, Sales; James Kennedy, General Manager and the President of Luxman, Mr. Allen Gardner. All of these individuals are extremely smooth talkers and have proven to be real SCAM artists.

I have spoken with a Jack Harris who answers the phone for Luxman every business day for the last 2 to 3 weeks in an attempt to talk with James Kennedy. According to Mr. Harris, Mr. Kennedy is always on the phone with another client. I always leave a message for him to return my call. So far that has not happened.

I spoke with Mr. Kennedy on 5-20-09 at which time he told me I would receive half of my investment back by the end of June and the other half by the end of July. This apparently is not going to happen either.

I will be filing a complaint with the BBB of California even though I don't think anything will be gained from this financially. Luxman currently has a "D" rating with the BBB. The following is a link to Luxman BBB page.

http://www.la.bbb.org/BusinessReport.aspx?CompanyID=100074959

I would highly suggest that if you are contacted by this company that you hang up the phone immediatley. They will take your money without hesitation and their guarantee is as worthless as the paper it is printed on.

Jack
Lima, Ohio
U.S.A.

This report was posted on Ripoff Report on 07/28/2009 08:08 AM and is a permanent record located here: https://www.ripoffreport.com/reports/luxman-trading-concepts/marina-del-ray-california-90292/luxman-trading-concepts-are-real-scam-artists-will-not-pay-the-guarantee-the-promised-in-474083. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now