Cedar Finance
Complaint 250493 Details
- Date Occurred: 06/13/2013
- Reported Damages: $300.00
- Location: Cyprus?
- !
The complaint is against an online dating profile
The complaint is a listing fraud posted on public forums or sites against an anonymous entity
The complaint is mobile text spam or smishing related against an anonymous entity
The company or person contact no longer exists
International boundaries
This company works hand in glove with wall-street-exposed dot com to work a very sophisticated forex trading scam.
First you download a "no lose autobot" program which only allows you to deal with Cedar Finance, a company supposedly based in Cyprus. This company is not registered with any of the world's financial governing authorities and their site is not covered by Verisign.
You then deposit some cash and click to make a trade when the autobot tells you to. For 40 or so trades you'll go up and down but not by too much.
You'll then receive a phone call from a Cedar Finance rep advising you that autobots will never make you any real money and what you need is your own personal trading manager who knows how the market works as you're too stupid to understand. This will obviously involve you depositing a lot more money but you'll get a special bonus.
If you refuse, as I did, you'll find that you suddenly have a run of losing trades and all your money will be gone within the hour.
Total rip off - avoid at all costs
- Robert SBID #874687d53c
- Posted 06/14/2013
Comments
- graham SBID #1bf0d14ad6
- Posted 06/27/2013
- I did not have anyone call about depositing further money (I stopped as soon as I realised it was a con) but when the 'auto binary trader' updated itself, then it started to lose regularly.
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Company Statistics
- Complaint Against Cedar Finance
- Complaints Filed: 68
- Reported Damages: $131,459.77
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