Report: #493018

Complaint Review: Luxman Trading Concepts

  • Submitted: Thu, September 10, 2009
  • Updated: Thu, September 10, 2009
  • Reported By: Jaywing — Oak Bluffs Massachusetts USA
  • Luxman Trading Concepts
    Admiralty Way
    Marina Del Rey, California
    United States of America

Luxman Trading Concepts Do NOT fall for Luxman Trading Concepts and their false promises. Marina Del Rey, California

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I received a cold call from Luxman Trading Concepts representative Ward Thomspson claiming the following: 1) He was a skilled computer programmer with years of experience in military and civilian computing. 2) He worked for Luxman Trading Concepts, a company that offered cutting-edge auto-trade programs in the e-mini stock market that yielded consistent returns at the price of $6000(plus $5000 for 2 trading contracts). 3) If the company failed to produce profits in 6 months for me I would receive a full refund. 4) I had to act quickly because there was only one slot left. 5) If I had any questions, I could call him anytime.

Well, I failed to do due diligence and 6 months later  I found out the following:

1)There is no mention of Ward Thompson on a Google search. 2) The Luxman program lost 59% in equity over 6 months. 3) When I asked for a refund, they promised it would arrive soon....and then silence. 4) The "limited time only" was a complete lie. 5) Ward's phone was disconnected.

I was lucky- after 3 months of wrangling I was able to extract the full $6000 refund. It sounds like others were not so lucky.


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