323-545-9142
CA, US
Jane Doe
Jane Doe
2012-01-05 21:41:08
Unknown
I have stumbled across the owner, and CEO's, information for anyone intersted who has also been scammed by this company.  It is as follows:

Andy Lux
6719 Julie Lan
West Hills, CA 91307
818 281-8869
SBS
SBS
2011-08-10 17:28:26
Unknown
I too was a Luxman victim back in July 2008. On May 24, 2011, I read Noval's post on another scam site. That same day I went on the Foremost website and sent a pretty scathing e-mail. I was quickly contacted by the head guy @ Foremost. After much wrangling he was finally able to arm-twist Luxman into refunding the remainder of my subscription fee. Luxman did give Foremost the runaround too, as they had done me, but because I persisted in nicely contacting Foremost, they persisted with Luxman until I got my money. It took about 2 months. Foremost had always seemed to me an up-front operation and they did come through for me. I am sure that without their help I would never have gotten my refund. Still, the more flies with honey thing applies here. If some one is helping you, be gracious. And have documentation. Clearly Luxman owed me the money. I had a letter they had sent to the CA AG saying so! Also, Luxman's check was written on WellsFargo. I should have found the nearest Wells Fargo bank and cashed it right away rather than waiting for it to clear through my bank. And lastly, Luxman is a shapeshifter! As you read through these scam reports different personal names and company names continue to pop up. Don't fall for this in another form. Learn the lesson. I hope this helps. If Luxman still owes you money and is ignoring you, contact your brokerage. They do have a responsibility to help you (CFTC and NFA say so), and much more leverage with a shoddy company like Luxman than we do.
Ron
Ron
2011-06-06 20:46:18
Unknown
According to the person I was talking to on phone, they charge a one time fee of $7,000.00 and have a return of approximately a 40% gain each month using their system of trading the e-mini. They want $2500.00 minimum trading capital plus $199.00 per month towards their $7000.00 lifetime. At the end of seven months you have a guaranteed return of your administrative fees if you haven't made $1000.00 per month from their automated system. Sounds too good to be true, probably it is too good.
Jerry Porter
Jerry Porter
2011-06-06 20:46:18
Unknown
I recently read some complaints about Luxman Trading, and really surprised that those sham artist are still preying on inocent victims!!!!

I invested $5,000.00, which within a few months was lost, with little response for the Principles at Luxman....would not even return my phone calls. Definitely white collar rip-off artists in CA.

Although I notified the Better Business Bureau, nothing was accomplished in getting a promised refund, which was guaranteed should the trading system didn't make a return on the investment
in short order.

I would save you hard earned money, and put them in CD's at this point, even though there's a small percentage pay-out...it pays more then Luxman trading will pay out...which is a $5K rip-off.
gport87780@gmail.com
DON RICHARDS
DON RICHARDS
2011-06-06 20:46:18
Unknown
IS THERE ANYTHING UP TO DATE ON LUXMAN REFUNDS. YOU SUGGESTED BANDING TOGETHER FOR SOME ACTION IN '09. WAS ANYTHING DONE ON THIS. THANKS.   KKS188@COX.NET
DON RICHARDS
DON RICHARDS
2011-06-06 20:46:18
Unknown
IS THERE ANYTHING UP TO DATE ON LUXMAN REFUNDS. YOU SUGGESTED BANDING TOGETHER FOR SOME ACTION IN '09. WAS ANYTHING DONE ON THIS. THANKS.   KKS188@COX.NET
david crane
david crane
2011-06-06 20:46:18
Unknown
This company is a total scam.I got into their program last year and lost a lot of money.When I tried to get my refund they said I would get my $6,000 back.That was a year ago.I filed with a complaint with the California State Attorney General.They could not do anything,because the amount was less than $7,000.I filed in small claims court.They could not find the company to process the papers because their office is a U.PS. store mail box.Their better business rating is F-. These people are the scum of the earth.BEWARE!!!! and be warned!!!!
Illinois Boy
Illinois Boy
2011-06-06 20:46:18
Unknown
Did you get your attorney involved?  and what happened?  There is a clause that states the jurisdiction will be in CA.  There is also a clause limiting class action lawsuits, or at least there was in my contract.  I believe it is an illegal contract that makes it illegal to sue somebody.  There should be no such thing.  Personally, I jumped through all the hoops and sent my two certified letters in at the required time, and still nothing.  My brokerage account lost money, without even deducting commissions and brokerage fees.  James Kennedy said that Jack Harris makes the decisions and writes the checks, but 3 weeks later, Jack Harris told me he was just the guy that answers the phone, and James Kennedy makes the decisions and writes the checks.  Stay clear everybody.
NOVAL
NOVAL
2011-06-06 20:46:18
Unknown
I AM BEGINNING THE PROCESS OF COMPLETING A FORMAL COMPLAINT TO THE CALIF. ATTORNEY GENERAL'S OFFICE & THE BBB AS WELL AS A COMPLAINT AGAINST THE BROKERAGE COMPANY TO THE S.E.C. SINCE I FEEL THEY HAD A RESPONSIBILITY TO WARN ME ABOUT THIS COMPANY WHEN I SIGNED ON UNDOUBTLEY KNOWING THAT LUXMAN WAS A SCAM OPERATION. THE BROKERAGE COMPANY THEY REFERRED ME TO WAS FOREMOST TRADING.
I THINK IT WOULD BE BENEFICIAL IF ALL OF US DID THE SAME THING. THESE PEOPLE SHOULD BE IN JAIL.
joejones
joejones
2011-06-06 20:46:18
Unknown
I am damned lucky- I got my money back, though it turned into a part-time job just to wrangle it. Lots of stalling and delays from James Kennedy, the few times I could get through to him. This is a TERRIBLE company and I am fortunate I got my $6000 back- it sounds like a lot of other people are out of luck. Sorry, folks...this stinks.
ALI
ALI
2011-06-06 20:46:18
Unknown
The severity of this type of swindle is unbelievable.  They stole $6,000 from me and will not return calls or emails - even after the 6 months of losing even more from my trading accounts.  I want my money back!  I am filing a complaint with the State of CA - Business Transportation and Housing Agency and will be looking into filing a civil suit locally.  I will also check with my credit card company and hope that something can be done.  I want to contact the news media to warn others. If you guys do anything jointly to go after these thieves contact me at this site.  I will check back periodically as I muddle through the process of retrieval.
Suckered
Suckered
2011-06-06 20:46:18
Unknown
I invested in their e-mini last March and it went positive for a month then lost as the market recovered the rest of 09. I called in October and inquired what they needed from me to make my refund claim. They stated an email which they never replied or acknowledged. I then actually spoke with James and he said my refund would be processed in November as that was my 7th month. He can't count as October was number 7. Eitherway I have hounded and even threatened to report them. I no longer am threatening after seeing all the people who have been take. The CA AG needs to have all send their story and docs to them, next is FINRA. It appears the no one from Luxman is registered and frnakly they need to be so that will bring in the SEC to stop their business. Next I would go to your credit card and file a charge back to recover the monies from your credit card. Manybe if enough people file in all these places action will be taken. Sadly I did check the CA BBB and other sites and no complaints were filed back in March of 2009. Now there are over 56 and only 9 have gotten resolved.
Dan G
Dan G
2011-06-06 20:46:18
Unknown
Re Luxman refund: I just sent them a Certified letter indicating that committing fraud transcends the legal protection of a corporation and it becomes a federal and state crime. I indicated that if I don't receive a check from them within 2 weeks from the time they receive my letter I will report them to the US Attorney General and the California District Attorney. Will let you know the results.
George
George
2011-06-06 20:46:18
Unknown
My subscription began 4/2009. I sent in the first refund request in Oct 09 and 2nd refund request Nov 09...Jack Lewis stated James Kennedy is honoring the refund request...a check for $3000 being sent late Nov/early Dec 2009.  No check arrived.

I contacted Luxman....my calls are no longer answered. Jack Lewis is very polite, and seeming a decent man.
However, Andy Lux, James Kennedy...need the law to judge this matter.
They have payroll? If they get a paycheck, we must get a refund?

Who is ready to start a lawsuit with me?
Antoinette
Antoinette
2011-06-06 20:46:18
Unknown
Go To:  Copy and Paste> http://www.ripoffreport.com/Home-based-business/The-Apple-Patch-Diet/apple-patch-company-misleading-ey2by.htm. Start With them Also and Join Membership is Free and You'll Find Just About Every Company Who's Not Fair or Will Act On your Behalf. Good Site RipOffReports.com, Hope This Help's
Luxman Trading Concepts SCAM
Luxman Trading Concepts SCAM
2011-06-06 20:46:18
Unknown
This company is bullshiz and claims 7% gains per month in investment returns.  I wasn't born yesterday- If I made 7% a month I would never need to solicit public money.  Company is called Luxman Trading Concepts.  People involved in the company (not sure if they use their real names) are:
Andy Luxman, James Kennedy, Oscar Stone, Alan Gardner.  The companys has a listed phone number of 866-924-3617.   BEWARE!!!!!
R J Hammond
R J Hammond
2011-06-06 20:46:18
Unknown
Have received numerous calls from this company...even after telling them that I no longer have any interest in trading or the stock market. Have asked them to stop calling, but it only lasts about 2 weeks and then they're calling again.
Luxman Trading Concepts (Revised)
Luxman Trading Concepts (Revised)
2011-06-06 20:46:18
Unknown
It may have been slightly harsh to use the word "Scam" on my previous Luxman posting name- but that is just my own personal opinion. Disclosure.
atomic240
atomic240
2011-06-06 20:46:18
Unknown
I too have had several sales calls from this company.  However, they gave me a a little twist.  They said they would sell me the above mentioned system for 6k and drop the annual fee in exchange for a testimonial in 7 months.  They asked me if would buy the system the day that they called, and I said, "Absolutely not.  I need to check the BBB and the SEC."  They said they would send me all the documentation of their trading record and call me in a few days.  Never heard from them.  They also told me about a 40% monthly return potential too.
joe the investor
joe the investor
2011-06-06 20:46:18
Unknown
I succumbed to these guys high pressure selling techniques back in June 2008.  Put up my $6000 - because hey after all it was guaranteed.  Every month lost money until the account was too low to trade.  So I waited for the guarantee to kick in.  The contract stated it was automatic with the system I traded (later systems made you request the refund). So not wanting to take a chance: TWO certified letters were sent one after the 6th month and one after the 7th month - followed by several phone calls all to request the refund. Each time I called them they said they were processing the refund and I should receive it soon.

I filed a complaint with the BBB (since they use their unblemished record with them as one of their selling arguments).  They responded to it stating that the refund will be sent in a few days.  A few weeks went by and still nothing.  Their BBB rating is now an 'F'. Its been almost five months since my initial request for refund and nothing.  I am going to get my attorney involved now.

These guys are a scam, don't be taken.
Riled Up
Riled Up
2011-06-06 20:46:18
Unknown
I have the same experience as Joe.  It is now two months.  Wish someone had posted this sooner.  

Don't give them anything.
rayiam
rayiam
2011-06-06 20:46:18
Unknown
I traded the Luxman Gamma system for a while.  Actually, the long trades were mostly winners, but the short trades were all big losers.  I stopped trading and am waiting for the guarantee period to run it's course, but from what I see here, there is not much hope of ever collecting.  The legal route might work, but at what cost?
rayiam
rayiam
2011-06-06 20:46:18
Unknown
Checked BBB and they show that of 7 complaints, Luxman made a full refund to 6 and a partial refund to 1, so maybe it is not so hopeless after all.
Richard
Richard
2011-06-06 20:46:18
Unknown
I am in the same boat with Joe and RiledUp. I traded on the Freedom system and actually did good initially, however had a number of losing trades back to back that wiped out all my profit and then ate into my seed money.  I suspended trading and have not seen the system trade since May.  My 7 months is up in September and I will be filing for the refund as well.  I would consider participating in a class action lawsuit if they do not satisfy the guarantee.
Jim E.
Jim E.
2011-06-06 20:46:18
Unknown
I wish  that I had read these accounts before I subscribed to their Freedom S&P E-Mini System.  I can't believe their record of all the successful trades for 2 years and then using the same system make so many bad trades.
Having been diagnosed with cancer and having had two surgeries I didn't feel like I needed all the stress involved I closed my account and requested a refund of the $6000. I have been calling James Kennedy, Ward Thompson, and Alan Gardner for several weeks, they have always been "on the phone" or not available, I have left multiple messages but none of them have ever returned my calls.
Clarke Banta
Clarke Banta
2011-06-06 20:46:18
Unknown
several of us seem to be in the same situation of not having received our initial investment refund when the system did not return a profit.  I think we should do something to band together and get this Ponzi scheme investigated.  I also wonder if they have some sort of kickback coming to them from the investment house that does all the trades for them.  My contract says I can't put in a class action but I'm sure our wives or children, who have also been hurt by this loss of capital, could go forward with a class action.  Where do we start - this rip off should not be allowed to continue.
Anthony
Anthony
2011-06-06 20:46:18
Unknown
Sounds like they may have another number if not many. Got the same type of call. Told them i wasn't interested. He got defensive with me and try to put on the big sell. Seems like a big Scam
noval
noval
2011-06-06 20:46:18
Unknown
Can not beleive I was so dumb & gullible to let Ward Thompson pressure me into this thing without checking it out.  My experience is the sam as, "Joe The Investor". Paid $6,000., during the 6 month period there were 2 small winners & all the rest were losers. My 6 months were up on November 8, 2009 & I sent them a fax request along with certified letter requesting refund & repeated this after the 7th month as required by their agreement. I began calling last week at 866-924-3617, Jack Harris answerd the phone on two occasions but James Kennedy or Ward Thompson are always on the phone or in a training sessionbut will return my call, so far I have received no return phone calls. I think we should stick together on this & look into the class action.
Rusty
Rusty
2011-06-03 13:00:03
Unknown
How I'd you get James on the phone? I call every week and can get him on the phone
Rusty
Rusty
2011-06-03 12:53:34
Unknown
Can anybody tell me why these people are NOT IN JAIL!!!
1-800-892-9377 1-917-512-3003 1-888-261-8006
Call Type:
Comment:
Your name:
Validation:
© WHOSCALL.IN 2011-2024 - Privacy