Soft Holdings
Pty Ltd ripoff, misrepresentation, dishonest

I was first approached by phone call and then sent a computer program. The computer program is for betting on horse races. The idea is that it follows last minute betting by people who are in the know. I was told you can make $100 per day for half an hours effort. The first thing to think naturally is that this is too good to be true. So I did a test with a consultant from Soft Holdings and it seemed to work.

The next step was to look into whether they were a ligitimate co. And whether there were any complaints with any consumer affairs associations in Australia. There was not. All looked OK. So my wife and I went to Queensland to check them out in person. All still seemed OK.

We were shown the program again by Scott Emmerton and told that $1000.00 was what you needed to run it, in a TAB betting account. We were again told that you could win $100 with just half an hours effort per day. We bought the program for $8,400 AUD. We were told there was a money back guarantee and the co. Would not offer this if the program did not work. It seems they offer a money back guarantee because they don't honer it anyway.

Back at home I did three weeks training and put in a lot of effort every day for many hours to make sure I got it right and make some money. At no stage did the person training me tell me what amount I should put in my TAB account to bet with, so I naturally assumed what I had already been told by Scott Emmerton in Queensland that $1000 was what was needed to run the program, was correct.

So I started using real money and I lost about $700 which meant that I did not have enough money to make the next bet. When I complained to Soft Holdings I was told that $1000 to $1500 was the minimum one should have in their account and it should be more like $2000. So not wanting to lose all my money I put a further $2000 into the account.

I then lost about $1300 and again did not have enough money for the next bet. At this amount the next bet would have to have been close to $5000 and I was told that the system was not really meant for bets this size.

So I then changed trainers and this new guy told me he could help me build my bank back up even though I only had about $1000 dollars left in the account. I did some more training and started betting again. It went alright for about a week then I had another big loss and lost all the money I had left. After complaining we were now told we should have had more like $3000 in our betting account. It seems Soft Holdings like to change the rules to suit them and then deny everything. Also one person says one thing then another says something alse.

Also I was spending up to three hours per day to try and make money which was much more than the half hour I was first told.

I now had no more money to top up the account again and that was the end of that. So we tried to get our money back. The written guarantee we had stated that if you do your training, maintain your betting account at the level they say and don't make your money back within six months they would refund our money. We met all criteria.

Now they started trying to tell us you must actively trade for six months to qualify for a refund. The guarantee says nothing about trading for six months just that if you haven't made your money back in six months they will reimburse the difference.

I could not trade anymore as I had no money left to put in the account. I had maintained my betting account at the level they said and I had lost not once, not twice, but three times. Even if I had $3000 in my account I could not have covered the next bet as it was almost $5000.

The day in question at the races had a lot of losses and it really wouldn't have mattered where I had placed my bets.

The bottom line is that sometimes you can lose because after all you're betting on live animals and not all can be predicted.

Maybe the program works for some people but unless Soft Holdings are willing to honer their money back guarantee I would strongly recommend that no one risks their hard earned money on a company that will not honor their promises and will not respond to e-mails.

Drew
Adelaide
Australia

Company: Soft Holdings
Country: Hong Kong
State: Other
City: Hong Kong
Address: 35th Floor, Central Plaza, 18 Harbour Rd
Phone: 1800003657

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