Oracle Systems Australia Pty Ltd
Complaint 84575 Details

A couple of weeks ago I received a call from a investment company and said they would send me a brochure about their company. A few days later I received a brochure in the mail outlining their investment information so being curious I decided to give them a call. I spoke to a friendly consultant who explained that their line of investment is horse racing and wagers and that to get started I would need an upfront payment $6600 for one year membership. I said that I did not have that kind of money but agreed to put $1000 deposit and the rest I would get from a bank loan as my credit card is maxed out so I made the deposit.

Before I decided to go ahead I thought I would look them up on Google but they don't appear to have a company website but I did however find a horse racing forum with a few threads from people about their experiences with this company cold calling them and a link to this website whereupon I discovered a few others had been ripped off by this company for thoudands of dollars and getting nothing in return. I now must say that this has taken me aback and I am now $1000 out of pocket. They told me the deposit I paid them is non refundable.

I now would like to serve this as a warning to anyone and to take a stand against this phoney company.