Complaint / Review
Peter (Alan) Nolan
On Track Trading The company offered a low % (low risk) business model gambling syndicate that offered either a Win Loss Contrcat where you would receive between 2-10% return per week. And another where you received a, Australia

Peter Nolan of On Track Trading (formerly BetFairly) and others assisted him to set up a sophisticasted gambling investment finance scheme that provided good returns. He used a person in Melbourne who is well connected to people within the AFL industry (players and coaches) who invested money. The person also invited family and friends into the scam. I was provided with statements each week on the % profit and the horses that they bet on with exact figures and balance growth. I also place a large principal amount into the 3% interest per week guarantee contract that pays monthly. Had 1 payment and nothing again for 6 months. We were restricted by the amounts that you could withdrawal and obviously most people would continue to grow their accounts.in early June the company informs the clients they will stop working for clients on the 25th June and repay our balances over 3 months equally each month (that 33% each month until paid). It is now 2 months overdue the first payment and nobody has received any money and he does not answer calls nor return messages. He told me that at one stage he was gambling over $6million each week for small 4% (on average) returns that obviously accumulates over time. I believe he was running this for 12-18 months. I know a person that mortgaged their home for the 3% contract. The actual guy lives in a very nice home in Sorrento, Gold Coast and his sons attend the best private school in QLD. He has made no attempt or plans to discuss paying back money. If I could find other people involved then their would be a collective ability to take legal action, both criminal and civil. He plays the nice guy and I think that most people have just decided to let the money go. I know that one person invested is Peter Sumich (ex-AFL player as well as players from Hawthorn and West Coast Eagles). But I do not know if they are making any attempts to get money back. I would love to see this guy approached by the media as he seems to be protecting people that I believe are in the horse racing industry and would also be deserving of years in jail. He has stolen close to $80k from myself and I sent him a letter of demand asking for 8% interest per week until he returns my stolen money. I would appreciate any help and advise on how to handle this.