Learn To Trade aka Knowledge To Action (Greg Secker)

This is a discussion on Learn To Trade aka Knowledge To Action (Greg Secker) within the Educational Resources forums, part of the Commercial category; Originally Posted by mf15 Out of curiosity, has anyone ever got back their money after they cancelled? I've paid the ...

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Old Dec 2, 2014, 8:00pm   #46
 
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Originally Posted by mf15 View Post
Out of curiosity, has anyone ever got back their money after they cancelled?
I've paid the whole installments, however i'm put off by all the comments i've seen. I've made a request to get my money back but they are taking a long time to reply. Their policy is that you can only get your full refund back within 7 days but I want to know how much I can retrieve if one has gone past that date.
If not, is there a separate organisation that one can complain to, it's a shame that after so much time many people are getting ripped off.
Utterly disgusted at how their organisation is ran.

Hey,

Give a call to trading standards or Citizens Advice Bureau to make a complain and get further advice to get your money back and they may advice you to take legal action if learn to trade didn't reply you within specific time frame.
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Old Dec 4, 2014, 2:12am   #47
 
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Hey,

Give a call to trading standards or Citizens Advice Bureau to make a complain and get further advice to get your money back and they may advice you to take legal action if learn to trade didn't reply you within specific time frame.
Thank you, I will definitely consider doing that.
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Old Jan 20, 2015, 5:54pm   #48
 
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I went to the free seminar at the Grange Hotel in Tower Hill, London on the 15th of January 2015. I got sucked in and signed up for the 2-day forex course due to take place on February 4th and February 5th.

I woke up thinking there was something not right so I checked out the person who signed me for the course in LinkedIn. This person claims to be a director of a company trading with a name related to one of the largest Asset Management companies in the UK. As it happens this company is not registered in Companies House and has no records of any kind anywhere, including HMRC for what a friend of mine working there has been able to tell me.

As far as the software Greg Secker advertises as his own (SmartCharts ™), I haven't been able to find any evidence that this software exists at all. At the seminar we were shown a screen with flashing boxes, which can easily be produced using any presentations package.

Stupidly, I didn't check their cancellation policy before handling them a deposit for £500 and jotting down my debit card details in the booking form, including the security number at the back of the card.

I wrote to LTT immediately telling them I wanted to cancel and get my deposit refunded back to my account. Learn to Trade have cancelled the course, but it seems I am still liable for the full cost, as stated in the invoice I have received from them today. The course was supposed to have cost £1997 and now they are claiming VAT on top of that.

My bank is unable to help me recover the deposit, as I willingly gave LTT my details and, to make matters worse, LTT may be able to take the remaining £1500 (+ VAT) off my account.

I have no doubt LTT operates in a very dubious manner and I hope this post helps others avoid subscribing to any of their courses.

I am going to attend the next free seminar on the 31st of January and hand out a flyer about my experiences to as many people as I can. I will also be filing complaints in every consumer organisation I find, as well as writing to the BBC and Guardian reporters who have published articles about the company, when it traded with a different name. I have very strong reason to believe this is a scam and LTT company needs to be stopped at once.

Last edited by Tristana1; Jan 20, 2015 at 6:23pm.
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Old Jan 20, 2015, 6:01pm   #49
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I went to the free seminar at the Grange Hotel in Tower Hill, London on the 15th of January 2015. I got sucked in and signed up for the 2-day forex course due to take place on February 4th and February 5th. Stupidly, I didn't check their cancellation policy before handling them a deposit for £500 and jotting down my debit card details in the booking form. I wrote to them to cancel and they have cancelled the course but it seems I am still liable for the full cost, as stated in the invoice I have received from them.

My bank is unable to help me recover the deposit, as I willingly gave LTT my details and, to make matters worse, LTT may be able to take the remaining £1500 (+ VAT) off my account.

The course was supposed to have cost £1997 and now they are claiming VAT on top of that.

I also found out via LinkedIn that the person who signed me for the course claims to be a director of a company which appears to be related to one of the largest Asset Management companies in the UK, but it's not registered in Companies House and has no records of any kind.

I have no doubt LTT operates in a very dubious manner and I hope this post helps others avoid subscribing to any of their courses.

I am going to attend the next free seminar on the 31st of January and hand out a flyer about my experiences to as many people as I can. This is a scam and this company needs to be stopped at once.

Cant you take them through small claims - also there is normally a cooling off period with these things - they are unregulated so the FCA wont help so you need to make a complaint to Citizens Advice Consumer Services (google them)
You may be in for a little fight but if you stick with it you should get a full refund - The company would not want to lose a legal case and have to change their policy so keep some pressure on them - good luck!
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Old Jan 20, 2015, 6:08pm   #50
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Originally Posted by Tristana1 View Post
I went to the free seminar at the Grange Hotel in Tower Hill, London on the 15th of January 2015. I got sucked in and signed up for the 2-day forex course due to take place on February 4th and February 5th. Stupidly, I didn't check their cancellation policy before handling them a deposit for £500 and jotting down my debit card details in the booking form, including the security number at the back of the card. I wrote to them on the 16th of January to cancel and they have cancelled the course, but it seems I am still liable for the full cost, as stated in the invoice I have received from them.

My bank is unable to help me recover the deposit, as I willingly gave LTT my details and, to make matters worse, LTT may be able to take the remaining £1500 (+ VAT) off my account.

The course was supposed to have cost £1997 and now they are claiming VAT on top of that.

I also found out via LinkedIn that the person who signed me for the course claims to be a director of a company which appears to be related to one of the largest Asset Management companies in the UK, but this company is not registered in Companies House and has no records of any kind anywhere, including HMRC.

I have no doubt LTT operates in a very dubious manner and I hope this post helps others avoid subscribing to any of their courses.

I am going to attend the next free seminar on the 31st of January and hand out a flyer about my experiences to as many people as I can. This is a scam and this company needs to be stopped at once.

Might be worth cancelling your debit card to stop them taking any more money out your account - ie ring up your bank and say you lost it - they then will issue another one..

Write to the company and tell them you have informed them that you are not attending and that they cannot take the money out the account as the account is closed down etc and that you are also taking legal advice etc etc

With regards to the deposit they already have - that's then up to you - you either accept you have lost that amount - or point out their cons and advise them of the legal bodies and newspapers and TV companies you intend to contact etc etc- i they dont refund all or part of it within 7 days.

Good luck

Regards


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Old Jan 20, 2015, 6:17pm   #51
 
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Investors Chronicle ran an article on Greg Secker once.

Guy's an ex IT support chappy who's moved into giving trading lessons because he isn't a trader.

IC said his credentials are pretty much false and made up fiction.

He also isn't the only snake-oil salesmen either imo. Many similar adverts all claiming same tripe.

Let the buyer beware...
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Old Jan 20, 2015, 6:40pm   #52
 
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Might be worth cancelling your debit card to stop them taking any more money out your account - ie ring up your bank and say you lost it - they then will issue another one..

F
Thank you. Yes, I have done that but my bank says it makes no difference. They have said that if they take the money out then I will have to write to their disputes department with supporting evidence.
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Old Jan 20, 2015, 8:37pm   #53
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Thank you. Yes, I have done that but my bank says it makes no difference. They have said that if they take the money out then I will have to write to their disputes department with supporting evidence.
Hi Tristana1,
Welcome to T2W.

It sounds to me as if you might want to kick your bank into touch as well while you're about it. In your shoes, at the very least I'd withdraw all funds from my account so that the vendor can't get at them and/or close the account. The idea that your bank is taking the side of a vendor and not supporting you as their customer - is quite extraordinary! Anyway, I'm sorry to hear of your woes and the best of luck sorting it all out.
Tim.
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Old Jan 20, 2015, 9:14pm   #54
 
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Hi Guys,

I'm no expert on consumer law but usually one can't bypass statutory consumer rights law even if it is written on their invoice otherwise.

As far as I understand usually there is a 14 day period of notice where you have a right to change your mind.

Moreover, the whole point of a deposit is such that if you do change your mind you lose your deposit which covers supplier and that's it.

Thus, I'd check your consumer rights rather than what is purely written on their invoice as that is more than likely, benefits them and does not comply with your legal consumer rights or the law.



fwiw I've recently switched/signed up with Churchill house insurance. I've paid up on debit card and terms are I have 14 days to change my mind despite purchasing. If I do cancel I'm only liable for £30 or something handling fee.



So do check and hope it goes your way!
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Last edited by Atilla; Jan 21, 2015 at 8:21am.
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Old Jan 20, 2015, 10:15pm   #55
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Definitely go with atilla's advice. Mr sucker is taking you for a fool and you are well within your right to cancel. You might lose your deposit but he has no right to take the rest and he knows it.
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Old Jan 20, 2015, 10:27pm   #56
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When and where is their next seminar? I have some days off work so plan to turn up at one of these and provide some nuisance value... will be amusing
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Old Jan 21, 2015, 11:08am   #57
 
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Thank you all for the advice. I really appreciate it.

Yes, I was quiet shocked at my bank's reaction. The woman I spoke to said she didn't have a "changed my mind" or a similar box to tick in the system and therefore there was nothing she could do at that point in time. Even if I empty the account, my overdraft will easily cover the 18 hundred pounds I still seem to owe them, so it makes no difference. Closing the account just isn't a feasible option at the moment.

I have written again to LTT and asked them to explain to me why I still owe them anything given that I have cancelled within the 7 days stated in the cancellation policy at the back of the booking form.

The next seminar it's being hosted in the same venue, Grange Tower Bridge Hotel in London on the 29th of January. The conference room is huge. I reckon there were 500 of us there. So, if 50 suckers signed up on the day, the seminar pocketed him 100k... Not a bad return for two hours!

Last edited by Tristana1; Jan 21, 2015 at 11:13am.
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Old Jan 21, 2015, 12:51pm   #58
 
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Thank you all for the advice. I really appreciate it.

Yes, I was quiet shocked at my bank's reaction. The woman I spoke to said she didn't have a "changed my mind" or a similar box to tick in the system and therefore there was nothing she could do at that point in time. Even if I empty the account, my overdraft will easily cover the 18 hundred pounds I still seem to owe them, so it makes no difference. Closing the account just isn't a feasible option at the moment.

I have written again to LTT and asked them to explain to me why I still owe them anything given that I have cancelled within the 7 days stated in the cancellation policy at the back of the booking form.

The next seminar it's being hosted in the same venue, Grange Tower Bridge Hotel in London on the 29th of January. The conference room is huge. I reckon there were 500 of us there. So, if 50 suckers signed up on the day, the seminar pocketed him 100k... Not a bad return for two hours!

If they take money out of your visa card without your authorisation you can call Visa and they'll get your money back and caution the trader. That would be serious and ill advised for them to do so. I doubt they'll want to get into a tiff with the card issuers either.

I think the same with the bank. You can cancel a DD or SO with your bank anytime too - which you are entitled to but the proper route would be to inform the other party first.
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Old Jan 21, 2015, 6:25pm   #59
 
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Thank you for the reply Atilla,

It seems Visa Debit and Visa Credit have different policies with regards to chargeback transactions, with Visa Credit being a lot more favourable to the consumer than Visa Debit... I'll know better in the future which card to use for different purchases and also to check credentials before committing myself to training providers.

I've read the cancellation policy yet again and I believe I am entitled to getting a full refund from LTT. Attached is a picture of the wording.

I signed up for a two-hour forex trading seminar, I was told I would learn the basics of trading the forex. I got 3 minutes of that, when a technical analysis chart was briefly displayed in the screen.

I was shown the following: motivational footage, a charity gig done by Greg, his father's car, the infamous 4 minute 19,000 profit bit, Richard Branson, Tony Robbins, testimonials, etc. I've wasted enough time with this guy and his organisation.

I wished I had found this forum before the seminar. Would have saved myself a lot of hassle.

Thank you!
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Old Jan 23, 2015, 1:33pm   #60
 
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I have been refunded my £500 deposit and I don't expect LTT to attempt to take any more money out of my account.

I am glad matters didn't get out of control.
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