C&K Moneyline / Sharetrackin Scam

[Tman*]

Ill let this thread serve as a platform to warn and inform potential investors;

This is an old scam, and the conmen behind the scenes have operated this scam under many different company names over the last 10+ years. There are several versions to the cold call script, most recently C&K Moneyline & Sharetrackin have been cold calling me from 0101091861 and variations of the number (Truecaller has 603 spam reports, I keep blocking new numbers, but they keep cold calling me)

The current cold call script is something down the line of:

1. "Hi Mr X, did you know about your unclaimed shares invested on your behalf in the JSE"
2. "Hi Mr X, have you claimed your unvested shares invested on your behalf in the JSE"
3. "Hi Mr X, financial institutions such as banks make indirect investments on your behalf in the JSE. Can we assist you with claiming this money"

This script is used as bait to get you to agree to a meeting. Once you are in the meeting they sell you trading software that provides trading signals, which is allegedly a fool proof way to become a millionaire. The once off fee for the software is in the tens of thousands of Rands, and then there is also a subscription involved.

The reason I claim that this is a scam is:

1. They lure you into this scheme with false pretenses. There is no unclaimed shares on the JSE
2. Its well documented that they con people into buying these software packages with unauthorized deductions from credit cards. Even though the salesman tells you that there is a cool down period, obtaining a refund is impossible.
3. Once you have joined the scheme further training packages are sold to you at a premium. I have personally heard of people not making money with their software, and when they inquired about this, the response was: "oh but you are on basic level bronze, you have to purchase the diamond package to unlock your full trading potential"
4. Providing software that provides guaranteed trading advice? yea right.

Company info:

Sharetrackin

sharetrackin.co.za

Customer testimonials: https://www.complaintboard.com/sharetrackin-l13228.html


Ill supplement this thread with a link to more customer complaints. I recall there was a detailed complaints section on Hellopeter for one of their previous trading names.

 

[Tman*]

These idiots still phoning me: 010 110 0808

 

[silentc]

https://mybroadband.co.za/forum/threads/beware-of-certainty-technologies-instastocx-investa-sharetrackers-iequity.498088/

 

[KingMikel]

Now known as Liberte Solutions.

Got a call from them today. Tsek.

 

[warrenpridgeon]

Now known as Liberte Solutions.

Got a call from them today. Tsek.

I got a call like 2 minutes ago... I asked for their website... it redirects to another site and when I told the agent this they said "no sir"... lol ok...

 

[KingMikel]

I got a call like 2 minutes ago... I asked for their website... it redirects to another site and when I told the agent this they said "no sir"... lol ok...

I asked them if they know that I work for the Investment division at a Private Bank, "no...", okay leave me alone.

 

[Tman*]

Update: These guys are RELENTLESS!!!

They phone me at lease once every 2 weeks from a new number. Even straight up telling them you know its a scam and you not interested does not deter them. They are very aggressive on the phone and even have the audacity to phone you back straight after.

They also go by the name of: MONEYQUIP

 

[gboy]

Getting similar ones, but clamining to be from old mutual or liberty stating that I have unclaimed benefits and they can assist in clamining them, but when you ask for an email or something as proof they cannot provide it.

 

[monkeeh]

These fine folks called me today. I've set up a meeting quite far away from them. I don't intend to show, just thought it'd be a laugh getting back at these low lifes. Earn 25% a year? Pffft.

 

[Tman*]

This scam is still going strong, I received another call from them this morning.

The are now using the alias of "Xtreme Education" based in Centurion, with the same pitch of claiming indirect shares in the JSE. Calling from 087 537 1678

No website, just lots of recruitment adds such as the below:

 

[bobbyb]

This scam is still going strong, I received another call from them this morning.

The are now using the alias of "Xtreme Education" based in Centurion, with the same pitch of claiming indirect shares in the JSE. Calling from 087 537 1678

No website, just lots of recruitment adds such as the below:

View attachment 1048731

I just got a call from this outfit via 087 537 1689

 

[iFreddy]

My friend saw one of their sales rep on Tuesday and he said there were loads of red flags, luckily he didn't sign anything. Golden rule, he never signs anything without his wife present.

1st red flag was the sales rep got out the car (entry level car) and apologised for the car and said his expensive one is at the shops getting a repair. Apologies not giving the car name, not too sure what the rules are on this site yet.
2nd red flag was the sales rep just threw a little brag in that he makes loads of money but is doing this because he doesn't want to sit at home all the time.
3rd red flag, "Sounds too good to be true, right? Well it's actually that easy, people just don't know about that."
4th red flag, "CFD is the platform I recommend you should use for trading. They give you R10 for each R1 you deposit into your trading account. We give you R5000 to start trading with, so you'll actually start off with R50 000 for trading.". This would bankrupt any company, every R1 you get an additional R10? I would be depositing like it's nobody business and get rich in a day.
5th red flag, dosed himself in cologne. Never trust someone trying to look successful and rich while reeking of cologne.

My friend told the sales rep that he doesn't just trust anyone and did a google search right in front of the sales rep and click on the HP review platform and then the sales rep says "See, we have a high trust rating".

Here are some pointers that hopefully helps someone before doing business with them.
1. People shouldn't trust review platforms, fake accounts can be used to boost a company's trust level. My friend mentioned that some of the positive reviewers accounts was created the same day the review was done and there is only 1 review done by that account.
They could use family and friends to also boost reviews.
2. People should ask the telemarketer why is he/she then not using their own products and services to get rich and stop telemarketing.
3. Never share ID number, banking details, give permission to view credit score and even provide more contact information.

When he told me about it, I started Googling and find these people just disgusting.

 

[Snyper564]

My friend saw one of their sales rep on Tuesday and he said there were loads of red flags, luckily he didn't sign anything. Golden rule, he never signs anything without his wife present.

1st red flag was the sales rep got out the car (entry level car) and apologised for the car and said his expensive one is at the shops getting a repair. Apologies not giving the car name, not too sure what the rules are on this site yet.
2nd red flag was the sales rep just threw a little brag in that he makes loads of money but is doing this because he doesn't want to sit at home all the time.
3rd red flag, "Sounds too good to be true, right? Well it's actually that easy, people just don't know about that."
4th red flag, "CFD is the platform I recommend you should use for trading. They give you R10 for each R1 you deposit into your trading account. We give you R5000 to start trading with, so you'll actually start off with R50 000 for trading.". This would bankrupt any company, every R1 you get an additional R10? I would be depositing like it's nobody business and get rich in a day.
5th red flag, dosed himself in cologne. Never trust someone trying to look successful and rich while reeking of cologne.

My friend told the sales rep that he doesn't just trust anyone and did a google search right in front of the sales rep and click on the HP review platform and then the sales rep says "See, we have a high trust rating".

Here are some pointers that hopefully helps someone before doing business with them.
1. People shouldn't trust review platforms, fake accounts can be used to boost a company's trust level. My friend mentioned that some of the positive reviewers accounts was created the same day the review was done and there is only 1 review done by that account.
They could use family and friends to also boost reviews.
2. People should ask the telemarketer why is he/she then not using their own products and services to get rich and stop telemarketing.
3. Never share ID number, banking details, give permission to view credit score and even provide more contact information.

When he told me about it, I started Googling and find these people just disgusting.

Just fyi the 4th red flag is actually legit.

But sorta.

Many cfd sites give you bonuses octafx for example will give you 50% bonus to trade with. What's the catch you have to trade 12.5lots. Which is alot and essentially come out on top.

These cfd sites use massive leverage 500:1
Essentially if the price turns your account is almost instantly blown.

Rest definitely sounds dodgy tho

 

[iFreddy]

Just fyi the 4th red flag is actually legit.

But sorta.

Many cfd sites give you bonuses octafx for example will give you 50% bonus to trade with. What's the catch you have to trade 12.5lots. Which is alot and essentially come out on top.

These cfd sites use massive leverage 500:1
Essentially if the price turns your account is almost instantly blown.

Rest definitely sounds dodgy tho

Which he doesn't mention at all, just deposit and get your x amount and start trading.
But these would be signup bonuses or promos running every x times a year?

Apologies we don't trade, so we don't understand trading platforms; hopefully I didn't post anything misleading.
But that is why my friend decided to meet, to see if he could understand trading.
In the end these guys makes it sound too easy.

Investing is a much saver option for the people who doesn't understand trading and won't have the time to trade, like you mentioned, your capital could be blown almost instantly.
But even investing has its own risks as well.

 

[Snyper564]

Which he doesn't mention at all, just deposit and get your x amount and start trading.
But these would be signup bonuses or promos running every x times a year?

Most actually run non stop BUT you need to "win" about 20x more than you put in to get the bonus.

 

[iFreddy]

Most actually run non stop BUT you need to "win" about 20x more than you put in to get the bonus.

Oh okay, see these are things that we don't understand and we work fulltime so it's hard to get time to start trading.

Is it a must to take these offers? Or could you just use your own money and trade without these boosters?

 

[Snyper564]

Oh okay, see these are things that we don't understand and we work fulltime so it's hard to get time to start trading.

Is it a must to take these offers? Or could you just use your own money and trade without these boosters?

You can join something like IG markets or think trader both local providers and regulated by the FSCA no bonuses etc there but all above board. JUST HIGH RISK TRADING

 

[iFreddy]

You can join something like IG markets or think trader both local providers and regulated by the FSCA no bonuses etc there but all above board. JUST HIGH RISK TRADING

Thank you for sharing information with me, really appreciate it.

I think my comments here was more than enough proof that there are people who has no idea how trading works and they take advantage of that.

 

[Snyper564]

Thank you for sharing information with me, really appreciate it.

I think my comments here was more than enough proof that there are people who has no idea how trading works and they take advantage of that.

o I 100% agree with that!

 

[Harold_Crick]

Reviving this thread. I allowed myself to be duped into seeing one of these 'Sharetrackin' scammers.

Received a call yesterday from a company calling itself FSI, wanting to discuss my provident fund through the company. Why I entertained the call is that they knew who my policy is with, right down to the monthly percentage payment (In hindsight, how the fvck do they know all of this? POPIA my arse), and the fact that the telemarketer's English was so bad I misheard FSI as the acronym for our actual company-appointed broker (This is why I hate telemarketers that cannot speak English clearly, I literally cannot understand what you are saying).

After the telemarketer cleared the basics, the call is transferred to a woman who confirms an appointment time. Now keep in mind, I am under the impression that I am talking to the company appointed broker because they clearly know a lot about myself and my policy, so I agree to a time and a meeting at the office.

The rep arrives today. He sits down across from me and dumps three books across the table, with one prominent name standing out on all of the books; 'ShareTrackin'. He then gets right into talking about the JSE and share investing. Immediately this sounds off, we're supposed to be talking about my company policy. I allow him to go on. The play seems to be preying on your lack of knowledge as to how trading works. The spiel the rep used on me was 4 points (Lack of Knowledge, Time and Money and Risk) why people don't do their own investing and why we turn to brokers. They make it clear they are not brokers and paint it that brokers get rich at your expense. The 4 points raised are then addressed in turn and how 'FSI' takes care of them for you.

Knowledge - They have it all and will guide you.
Time - As they know what to do, they instruct you what to do and who to invest in, so saving you time doing research.
Money - This is where it gets fun and I will elaborate below, but the gist is they give you money.
Risk - They hold most of the risk or can otherwise help you minimise it by promising insanely high returns. Will also elaborate on below.

Continuing, the rep brings up the CFD platform mentioned in post #12, right down to telling me''They give you R10 for every R1'' and ''We give you R5000 to start off with''. The alarm bells went into overdrive. Who just gives people money to invest? Where is the catch? The returns he claims are also impossible, as high as 40%. Then he tells me if I agree, they will run a credit check and if cleared, a technician will come and visit me and run me through the software. Apparently, you will be given a software program on which you will trade shares they advise you to, with money they give you (this is where they address the whole 4-point thing). I press and ask what the catch is here as it appears they have all the risk while I get rich quick. The broker proceeds with ''So you will pay a R399 monthly subscription fee for 36-months and the first R30,000 you make will be taken by the company (FSI) to pay their brokers (remember, they don't like brokers), but don't worry, by earning 40% every month you can pay that within the first year and everything else you make is yours''. I asked if he had any literature, he said he doesn't but that I can check their websites.

Having heard enough, I let him know the only reason why I took the appointment is because I was under the impression that he was representing our company broker and I am not interested. This shut him down, he called ''the office'' in front of me and he spoke to the same woman who spoke to me yesterday, informing her that I wasn't interested and there was confusion over who I was expecting to see. I heard them say they will ''remove me from the database''.

I have since done some Googling and this came up on Hello Peter regarding them knowing your personal details. I don't feel so stupid now believing that they were legit, as they know information about you that they shouldn't be in possession of.

Googling 'ShareTrackin' brings up two different websites that both offer software and training for you to make money via trading. Checking both, something interesting comes up - They have the same addresses: 1002 Clifton Ave, Centurion. Not sure if it is okay to link the websites, but you can check 'sharetrackinnow . co . za' and 'sharetrackin . com'.

So there you have it, a person that cannot speak English clearly got me into a room with a scammer. Beware out there.