Just read the complaints about IAS BET and got out to register with this forum only to warn you guys who "ivested" with IASBET. It does not sound right. I know of a company IASBET Pty Ltd that is trading at the Sydney Stock Exchange whose shares rose from about $0.25 a year ago to about $2.25 in early Feb this year. Since then they are sliding and are now at about $1.65. [judging by what I read on this forum, I would expect a crash in their share price very soon - if that is them whom you are complaining about]

I am afraid that much of the "profits" the company made was from the investors who pay them $6,600 for some supposed betting system and deposit another $2,000 with them into their betting account. Their refusal to inform the customers of the details of their betting causes me to think that there is something fishy in there.

If I were you I would make an immediate complaint to the Australian Securities and Investment Commissin. Visit their web page for details (http://www.asic.gov.au).

The problem is that you might not know against whom to complain. There is a group of companies under IAS banner and you should find out which one is handling your account. Here is the list:

NT BN00866362 IASBET
ACN 066 967 502 IASBET LIMITED
NT BN00876343 IASBET.COM
ACN 070 479 720 IASBET.COM PTY LTD
ACN 070 071 635 IASBET READ RATING PTY LTD
NT BN00865230 REGD IASBET.COM.AU

As you can see some are registered in Northern Theritory which might be under the jusridiction of the NT equivalent to NSW Department of Fair Trading rather than ASIC.

I would like to say some more but am afraid that these guys might take me to the cleaners for slander.... Anyway, if I were you I would take my money out (if there is any left!) and run for cover as fast as my legs can go!

Regards,
capellia

"Capellia",
You appear to be posting under a misapprehension. The complaints are not about IAS.
IAS is a publicly listed Australian company and a leading Australian bookmaker with an impeccable reputation. They have no connection whatsoever to Master Trading Room.
Management.

[ This Message was edited by: quapi on 2003-05-15 21:14 ]