21st Century Eminis Scam Eminis Global Scam

[falseadbuster 10]

21st Century Eminis is what I would say another scam from the Jamie McIntyre Scams long list. I must also say that I didn't know how bad this guy was and how many other businesses he's marketing and consequently scamming people.

 

My experience started around October/November 2009 where I received an invitation email to participate in an online seminar; like all others who end up falling victims of these scam artists I decided to research a little more about the Eminis market; I found the Eminis market to be a real investment opportunity and then I participate of one of the online seminar which blow my mind away! I heard about GUARANTEES, FAILURE PROOF, CAN LOSE MONEY, SUSTAINABLE INCOME and others, the list is to big to keep going, however I was almost convinced because I was going to have 90 days money back guarantee, I was going to follow the trades of a professional and very experienced, trader with many years in the trading business, so how could I do any wrong with so much guarantees, and a such strong support team to help me? Well the truth is always very far from fantasy and when the fantasy faze out you're left with the sad conclusion that you've just been cheated!

 

I start my live trades and soon after start to see that the moderator Mr David Loughnan wasn't a such successful trader as he claimed to be as he would make a loss trade after a loss trade and in between a winner trade; I believe that out of his trades I only got no more than 4 positive trades, the rest was all losing ones; I must say that I started to trade during the christmas period and he wasn't there for very long as he was taking a break, however we got another very experienced trader from Mexico. I become a good friend of this moderator because I do speak Spanish so I thought I was in good hands? Well the results were even worst as I lost every single one of the trades I did following his calls!

 

I try to get support making calls and requesting it, I told to the moderator that I wasn't doing well and he said he would help me to get back in the tracks, unfortunately this support never arrived and I end up deciding to pull out of this scam but when I tried to do so I found that there was another problem. I didn't want to keep paying for the 21st Century Eminis Guaranteed, failure proof system, never losing business, however when I try to get my account canceled I found that I was locked in a contract and have to pay for the full amount of the course, something I did not agreed to do because the same way that I agreed to purchase their course, they agreed to serve me with a Guaranteed system, a failure proof system that I would not lose my money!

 

My whole experience with the 21st Century Eminis was nothing short then disappointments after disappointments, I must say that I did get some trades right however I have made some great wins at the casino so this scam compared to the casino has only one difference; at the casino I know that there is a greater possibility that I'll lose my money each time I gamble, however they sold me a system that I wold not make a loss and that is my point.

 

I am engaging them legally and am in the process of making a formal complaint via the ACCC and ASICs I will also pursue to expose them in the media and will if I have to do so, be present at their seminars giving people handouts to make people aware of what they are and who they are.

 

My honest opinion is that this people are a bunch of Con Artists working all together in a large scam corporation; Just google the CEO of the 21st Century Academy using names such as scam and ASIC to see what the results may be; I do believe that he is still operating because he can also find the loop hole in the system and that is the reason why his companies still operating which is unfortunately.

 

If your have had any bad experiences, please contact me as you would be helping me to build up a case to take them to court.

 

Thanks for the opportunity and a word of advice, KEEP YOURSELF AWAY FROM ANYTHING TO DO WITH THE NAME JAMIE McINTYRE AND 21ST CENTURY ACADEMY, EMINIS.

[SIUYA 11]

pretty easy to google as this info is already in the public domain.

lesson is - if it sounds too good to be true, it probably is,

- anyone who charges a lot of money to reveal secrets for info that is freely available on the net probably does not offer much

- it pays to do some research

- don't you love the internet

[Guest PipperySlipples]

falseadbuster,

 

A couple of things:

 

1) There are no such thing as guarantees in trading, there is no holy grail and blindly following someone's advice of when to trade is in my opinion ignorance on your part. If you want to trade then do it right and spend the time learning the processes and analysis techniques.

 

2) Mark Douglas raises a good point in one of his interviews called "Mind over Market", (you can probably find it on the internet) where he states that if you test a trading strategy and find that it is 70% success rate then you need to take 100% of the trade set ups to get the results. If there are 10 trade opportunities per day but you only take 2 or 3 trades then the likelihood is greater that you will experience more of the 30% losing trades than the 70% winning ones.

 

as SUIYA mentioned, there are plenty of educational resources on the internet to help you learn the art of trading. I would suggest also registering with a broker such as thinkorswim and trading "paper money" until you get a proper feel of how the market works and can make judgements for yourself.

[mpower19 10]

Hi i also had a bad experience with 21st Century, though it was with the 21st Century Forex course. I have paid a fair bit on this Forex course $4500 and feel i have been cheated. I paying money on the Autotrader subscription which is already $300 on top of the $500 a month It is a alot of money. I don't even know anymore why i'm paying this money, i don't see any benefit and to make matters worse i'm not even employed. I feel i got talked in to this course over the phone and they didn't take in to account my financial situation. Who do you complain too about this course and 21st Century. I would like compensation and a full refund of the money.

[Mysticforex 13]

21st Century is based in OZ.

This might be a good place to start:

 

Australian Securities and Investments Commission (ASIC)

 

The Australian Securities and Investments Commission (ASIC)is one of three Commonwealth government bodies that regulate financial services and is the single national regulator of Australia's 1.2 million companies. The ASIC:

 

* protects investors, superannuants, depositors and insurance policy holders.

* regulates and enforces laws that promote honesty and fairness in financial markets, products and services and in Australian companies

* underpins the strength, growth and international reputation of Australia's financial markets

* maintains a public database on Australia's 1.2 million companies to provide certainty in commercial dealings, and

* works with other financial, consumer and law enforcement bodies in Australia and internationally.

[Guest PipperySlipples]

I agree with Mysticforex, if you think that you have been taken for a ride then contact ASIC of Dept of Fair Trading with relevant information and evidence that you have been mislead by 21st Century Academy.

 

On the other hand, I highly doubt that without any solid evidence that you will get anywhere ... signing up for a $500/month program is in no way a sensible venture when unemployed let alone adding an additional $300/month after the fact. The responsibility for assessing your financial situation and ability to maintain a payment plan is not on the sales people, it is on you .....

 

I'm all for justice when people have been wronged, and I hope you have evidence to substantiate your claims if you are in dire straits and need to recover the funds.

[Ingot54 13]

Hi i also had a bad experience with 21st Century, though it was with the 21st Century Forex course. I have paid a fair bit on this Forex course $4500 and feel i have been cheated. I paying money on the Autotrader subscription which is already $300 on top of the $500 a month It is a alot of money. I don't even know anymore why i'm paying this money, i don't see any benefit and to make matters worse i'm not even employed. I feel i got talked in to this course over the phone and they didn't take in to account my financial situation. Who do you complain too about this course and 21st Century. I would like compensation and a full refund of the money.

 

You could try the Financial Services Ombudsman in Australia.

 

http://fos.org.au/centric/home_page.jsp

 

and go to the toolbar link: "RESOLVING DISPUTES"

 

I took my case against my bank to them in 2008 and after a couple of letters back and forth - a few offers by them to us which we rejected, - we eventually received not only full compensation, but a waiver of several hundred dollars of fees.

 

I also had a case against one of those Internet Marketing scams that you get introduced to through "free" seminars. (2009). We did everything required of us, but could NOT get the support promised to us. The emails went back and forth, until our warranty time ran out, leaving the situation unresolved, and the company claimed they no longer had any obligation to us, as the time had expired.

 

However, because we were in dispute BEFORE the expiry of that warranty time, and THEY had NOT provided appropriate support, as per the Warranty, the decision went in our favour, and we received a full refund of the $$ we paid for the course. The tactic is to stall, or to try to put it back onto the client - to show that the client had NOT fulfilled all the requirements as per the agreement. These people are only sharks that have the experience to tie people in knots with promises, linked to empty warranties.

 

Do not hold back from hitting them hard and fast with everything you can. I found that the mere mention of blabbing on every forum in Australia about our case brought very swift reaction from those at the very top of the company - and the matter was resolved speedily.

 

We knew we were on good ground, because I had filed EVERY email contact, and made diary entries of the date and substance of my phone calls to the company. I was able to set out everything in a time line, and as facts. There was nothing subjecting, and it was a complete and objective record of what had happened. You have to present it factually, no emotional rubbish from you - just facts, times, details.

 

No one wants to hear "They said I would make $1million".

 

What they want to see is that "The company told us in paragraph 7(b) that with their support, it was possible to become financially independent over time" ... or ... "The seminar speaker told us that 'Mr X of Bondi Beach' had made $40,000 in 6 months by following their plan with their support, and you can too, with their 'Gold Plan.' We decided, after listening to similar stories of success, and seeing the promises of guidance and support, and the 90 day money back guarantee, 'no questions asked' that this was something we could do."

 

This is the kind of thing you need to tell the Ombudsman. You also need to have corresponded with the company, requesting your refund for the same reasons. The Ombudsman will see that it was the support and money-back guarantee that has been dishonored, and you *should* win your case.

 

Build your case on facts. You have to have solid evidence that they did not perform their promise as stipulated either verbally, or in the written warranty.

 

We no longer go to these Wealth Creation seminars, of course, but I always made it a habit of becoming friendly with other attendees, who were previously unknown to me, and I would find one who was willing to "keep in touch" and exchange mobile numbers etc. You can always call on these people then as witnesses to what was promised by "Speaker X' because there is invariably a huge difference between what the Speakers say, and what the Warranty says. The most common way they default, is on the promise of "Full Support".

 

Best of luck with it. Persist. Know your facts. Have records handy, and write down the substance of phone conversations, times, dates, who you spoke to and the outcome. When unsure (they will attempt to confuse you by twisting facts and circumstances) do not agree to anything - remember, YOU are the one complaining. Do not let it twist to YOU being the one NOT performing what they asked you to.

 

Do NOT back down or concede anything - these people are so slippery that they can remove your socks without disturbing your shoes!

[jtinc 10]

To SlipperyPimpples,

If you have constructive advice for the people who were conned, well and good, but why on earth do you feel you need to chastise them,as if you are their School Marme. I'm sure they both realize they made mistakes. They don't need you to remind them.

[verified12 10]

I've been with 21st century Eminis since September up until now (June 2011) and I can confirm that the trading room is one BIG dissapointment.

Sure I've been up some weeks but overall, over the past 10 months I'm currently breaking even. I must say as well that I'm in the room everyday.

I would like to cancel my membership but not sure if I can get out of the contract. Do you think if I just cancel my credit card they can give me a bad credit rating or something?

Please contact me anyone who has successfully cancelled or knows how I can?

Thanks

[Ingot54 13]

I've been with 21st century Eminis since September up until now (June 2011) and I can confirm that the trading room is one BIG disappointment.

 

Sure I've been up some weeks but overall, over the past 10 months I'm currently breaking even. I must say as well that I'm in the room everyday.

 

I would like to cancel my membership but not sure if I can get out of the contract. Do you think if I just cancel my credit card they can give me a bad credit rating or something?

Please contact me anyone who has successfully cancelled or knows how I can?

Thanks

 

Verified

 

The place to start is with the initial presentation, and the representations BEFORE you signed the contract.

 

Anything you relied on to form an opinion, which later led you to sign a contract, could legally be construed as a verbal contract. Try to remember, or obtain brochures, recordings, youtube presentations, website URL's that promote and make promises and representations.

 

Write all of this down in a subjective and factual way. Try to remember with whom you spoke, what the conversation was about, what guarantees and promises they mentioned or gave you. Get as much of this down on paper as you can, along with dates where you can, and phone numbers, venues and so on. You need to be able to point to a specific promise that was made to you, or even the fact that someone used someone else's testimonial, or someone else's trading figures, to convince you that you would also achieve this, if you sign up.

 

You also need to do the same if you later "upgraded" to a platform, data feed, broker, private room, one-on-one or whatever ... show WHY you took the action you did. You are NOT a foolish person in my view - you are someone who knew a little about the eMini's and wanted to receive professional training in order to become independently profitable with the "right" help.

 

You made your decisions because you believed 21st Century eMini's would provide you with that "right" help. The thing you need to show is: What was represented to you, or what were you told, that convinced you that 21st Century eMini's would provide that assistance? What was it that convinced you to sign that contract?

 

You need to have things such as: Mr X told me that if I do "a" ... and "b" and "c" then I can expect to earn / expect / realise / achieve "d."

 

Then you need to have some sort of time line of your progress - how much "training you did in Sim / Demo before going live; who assessed that you were ready to attempt live trading and why; whose direct guidance and advice were you under at all stages; what you did, with whom, and when, at the time you realised this was not going to work out.

 

Having organised the answers to all that, you are only half done.

 

Now you need to put together the evidence that shows that 21st Century eMini's have breached their part of the contract. You are looking for non-performance issues. Regardless of whether it is written down on paper or not, any thing you relied on in forming the view that the contract would meet the expectations and promises made to you, should be legally binding.

 

A verbal promise is legally binding, if you relied on that verbal information to form a view on whether you would indeed receive what you were contracting yourself to receive, in exchange for money.

 

If any part of the story has now changed, then that is a breach of promise / breach of contract too. They may have been able to convince you that what you thought was incorrect - but think again - you obviously were thinking certain things for a reason - you most likely didn't dream it up.

 

I do not know your personal circumstances, but I have had experience with companies who fail to perform their contracted obligations. You have far more going for you than you think.

 

Never underestimate the power of the Internet ... and there are MANY forums like this one in Australia and elsewhere, on which to tell your story. I think this is your best leverage, and may even get you some results without having to go through the Ombudsman.

 

Home Page :: Financial Ombudsman Service

 

Have a read of their site.

[Ingot54 13]

I forgot to mention the Office of fair Trading and Consumer Affairs.

 

Google them and add your State for your local State office.

 

This might also be a start:

 

Complaintline complaint categories - consumer affairs, fair trading agencies, small claims tribunals and courts

 

There is also this from the ACCC - a very informative page:

 

The Consumers Online website

 

ASIC also has a help page to inform the public of how to make a claim or complaint:

 

Australian Securities and Investments Commission - Complaining about companies or people

[verified12 10]

Thanks for your Help mate I'll definitely take a look into all that.

One thing I do remember though is that I never actually signed a contract it was all verbal, and I'm pretty sure they don't record their conversations. But who knows?

[tfols 10]

Is anyone still trying to get there money back from 21st Century Education. Emini's, Forex, Property et al? Please email me trishfols@bigpond.com to join the start of bringing these unscrupulous crims down.