Consumer reviews and reports on scam companies, bad products and services
Newmont Trading Pty Ltd - PBX300 - Horse Racing Program
Highly dissatisfied with service -Conned !
31st of Jul, 2013 by CACTUS

'Newmont Trading Pty Ltd' - 'PBX300 - is one very questionable company!!!

The owner, 'Kevin Roy Dexter' registered his company as an Australian Proprietary Company in May 2013 - ABN 88163647765 and licensed as a 'Security Advisor' yet, apparently, 'Newmont Trading Pty Ltd' has operated for 13 years and the company has 1500 people working in their office ???. Their office is located at Garden City Park, 2404 Logan Road, Eight Mile Plains ???. Upon further investigation, their office is in a building which rents virtual very ambiguous identity.

After multiple phone conversations with "James ?" and "Michael ?" who promised race selections of a Saturday morning, the company has failed to contact me (email) with these and does not answer their phone on a Saturday. Without the race selections, I haven't a bet to place!

After much hassling for previous week's results, I was sent the last three months of results (no company header) which are underwhelming in comparison to the results detailed in their glossy brochure (incorrect date and a week missing).

Could this be Larry Pickering ?? or his 'mates' (Kevin Roy Dexter) latest scam ???...

I have reported to the Office of Fair Trading, Queensland.
2384 days ago by Mitchelljfowler
How has this turned out for you? Did you pay the entire fee up front? Have they not contacted you at all?
2384 days ago by CACTUS
Hi, I paid $1000. + Gst. - and agreed to pay the remainder ($5500) out of profits in approx.four months. Three hours after paying the $1100.- they wanted $2000.- for their trifectas/ quadrellas selections for the Sat. No selections were emailed to me the first two weeks.They tried to fob me off with a lot of lies when I kept ringing them for the selections.
Interestingly they forwarded two selections last Sat. -both favourites -both lost !
Reported to police who were excellent.
2384 days ago by Mitchelljfowler
What have the police said about it? Is it possible to get your money back? That's crazy. I did the exact same thing about 4 hours ago. What have the PBX people said to you when you contact them?
2384 days ago by CACTUS
Hi, Sorry you did your dough too.
PLEASE report the scam to the police.
Suggest you write out your experience and immediately report every thing to the police.
They cannot get your money back, but they can take action to close them down (for the time being) if enough people report the bastards. The big problem is that these scumbags will be working from a virtual address, - are difficult to locate and can move on quickly.
Again-- PLEASE report your experience to the police as they will take action if they get a number of reports.
2383 days ago by Mitchelljfowler
Why can't they get you your money back? So they still send you selections even after you have claimed it is a scam? Weird.
2383 days ago by CACTUS
Police can only do so much !
If the public are silly or naive enough to hand over money to unknown people then it really becomes a civil matter to try and get it back. The cost of using a solicitor would outway the lost money. For example, where are they ? - they are working from a virtual office. Scumbags know this and exploit the rules for their gain.
Regarding selections - I suggest they sent me selections last Sat. to try and pacify me since I demanded my money back or I would report them -----. Looking forward to their selections tomorrow ?? (no doubt they will be favourites!). Their previous FOUR selections have not won, - (they claimed that a fortnight ago when they did not send me the Sat. selections that I was lucky as both of their selection had lost on that Sat., - but they had done very well with their trifectas ??? ).
I doubt if they will send me selections tomorrow !
2381 days ago by CACTUS
Two selections on Sat 10 Aug., - both lost.
Since I joined, 3 weeks ago, they have not tipped a winner. This now makes 6 losses from their last 6 win selections.
Checking the last twelve months results, (brouchure plus 3 months results) shows it is their longest losing sequence .
2366 days ago by CACTUS
Two selections on Sat 17 Aug. - one winner ( paid $2.- ie. even money fav. ) WOW !!
That makes one winner from the last eight selections.
No selections Sat.24 Aug. ??

2366 days ago by CACTUS
Two selections on Sat 17 Aug. - one winner ( paid $2.- ie. even money fav. ) WOW !!
That makes one winner from the last eight selections.
No selections Sat.24 Aug. ??

2362 days ago by CACTUS
Additional comments - Search Scam Informer PBX300
2254 days ago by Mick Fay
Can any one tell me if they have had sucsess in getting there money back and what u mean by a virtual office
2223 days ago by CACTUS
Hi Mick, Happy new year!
My understanding of a virtual office is - an office paid for usually in a corporate building, which gives them a business address. The receptionist may work from this office but not necessarily. They generally pay a very cheap rent for the office, - because of the size. The principal players rarely work from this office (address). They communicate via phone / internet which allows them to be any place but the address. This makes them very difficult to locate.
I do not know of any person who has got thier money back. Thats the way many of these scumbags work.
2223 days ago by CACTUS
PLEASE NOTE: Be Warned - Scam Continues!

The PBX300 Australian Thoroughbred Investment Program is now operating under the new name SX300. Newmont Trading Pty Ltd have reformatted their previous PBX300 website to create a new website for SX300 -

They have used the same wording and images from the PBX300 website and list the same virtual address at Eight Mile Plains, Qld

Hopefully these guys will be caught and closed down soon!!!
2196 days ago by Angryone
Hi Cactus
I have also invested a substancial amout with these scum and will be reprting them to the police.
I have no sucsess getting my money back.
maybe if we get together and try and expose them to the media

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2025 days ago by CACTUS
The pbx300 program is now being run as the sx300 program. It is the same scam, run by the same scumbags. BE WARNED DO NOT GET INVOLVED.

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