3235459142

I am damned lucky- I got my money back, though it turned into a part-time job just to wrangle it. Lots of stalling and delays from James Kennedy, the few times I could get through to him. This is a TERRIBLE company and I am fortunate I got my $6000 back- it sounds like a lot of other people are out of luck. Sorry, folks...this stinks.

I AM BEGINNING THE PROCESS OF COMPLETING A FORMAL COMPLAINT TO THE CALIF. ATTORNEY GENERAL'S OFFICE & THE BBB AS WELL AS A COMPLAINT AGAINST THE BROKERAGE COMPANY TO THE S.E.C. SINCE I FEEL THEY HAD A RESPONSIBILITY TO WARN ME ABOUT THIS COMPANY WHEN I SIGNED ON UNDOUBTLEY KNOWING THAT LUXMAN WAS A SCAM OPERATION. THE BROKERAGE COMPANY THEY REFERRED ME TO WAS FOREMOST TRADING.
I THINK IT WOULD BE BENEFICIAL IF ALL OF US DID THE SAME THING. THESE PEOPLE SHOULD BE IN JAIL.

Did you get your attorney involved?  and what happened?  There is a clause that states the jurisdiction will be in CA.  There is also a clause limiting class action lawsuits, or at least there was in my contract.  I believe it is an illegal contract that makes it illegal to sue somebody.  There should be no such thing.  Personally, I jumped through all the hoops and sent my two certified letters in at the required time, and still nothing.  My brokerage account lost money, without even deducting commissions and brokerage fees.  James Kennedy said that Jack Harris makes the decisions and writes the checks, but 3 weeks later, Jack Harris told me he was just the guy that answers the phone, and James Kennedy makes the decisions and writes the checks.  Stay clear everybody.

This company is a total scam.I got into their program last year and lost a lot of money.When I tried to get my refund they said I would get my $6,000 back.That was a year ago.I filed with a complaint with the California State Attorney General.They could not do anything,because the amount was less than $7,000.I filed in small claims court.They could not find the company to process the papers because their office is a U.PS. store mail box.Their better business rating is F-. These people are the scum of the earth.BEWARE!!!! and be warned!!!!

IS THERE ANYTHING UP TO DATE ON LUXMAN REFUNDS. YOU SUGGESTED BANDING TOGETHER FOR SOME ACTION IN '09. WAS ANYTHING DONE ON THIS. THANKS.   KKS188@COX.NET

IS THERE ANYTHING UP TO DATE ON LUXMAN REFUNDS. YOU SUGGESTED BANDING TOGETHER FOR SOME ACTION IN '09. WAS ANYTHING DONE ON THIS. THANKS.   KKS188@COX.NET

I recently read some complaints about Luxman Trading, and really surprised that those sham artist are still preying on inocent victims!!!!

I invested $5,000.00, which within a few months was lost, with little response for the Principles at Luxman....would not even return my phone calls. Definitely white collar rip-off artists in CA.

Although I notified the Better Business Bureau, nothing was accomplished in getting a promised refund, which was guaranteed should the trading system didn't make a return on the investment
in short order.

I would save you hard earned money, and put them in CD's at this point, even though there's a small percentage pay-out...it pays more then Luxman trading will pay out...which is a $5K rip-off.
gport87780@gmail.com

I am in the boat as well did you start a class action suite? I have been trying for the 18 months

Rusty

Can anybody tell me why these people are NOT IN JAIL!!!

How I'd you get James on the phone? I call every week and can get him on the phone

I too was a Luxman victim back in July 2008. On May 24, 2011, I read Noval's post on another scam site. That same day I went on the Foremost website and sent a pretty scathing e-mail. I was quickly contacted by the head guy @ Foremost. After much wrangling he was finally able to arm-twist Luxman into refunding the remainder of my subscription fee. Luxman did give Foremost the runaround too, as they had done me, but because I persisted in nicely contacting Foremost, they persisted with Luxman until I got my money. It took about 2 months. Foremost had always seemed to me an up-front operation and they did come through for me. I am sure that without their help I would never have gotten my refund. Still, the more flies with honey thing applies here. If some one is helping you, be gracious. And have documentation. Clearly Luxman owed me the money. I had a letter they had sent to the CA AG saying so! Also, Luxman's check was written on WellsFargo. I should have found the nearest Wells Fargo bank and cashed it right away rather than waiting for it to clear through my bank. And lastly, Luxman is a shapeshifter! As you read through these scam reports different personal names and company names continue to pop up. Don't fall for this in another form. Learn the lesson. I hope this helps. If Luxman still owes you money and is ignoring you, contact your brokerage. They do have a responsibility to help you (CFTC and NFA say so), and much more leverage with a shoddy company like Luxman than we do.

I have stumbled across the owner, and CEO's, information for anyone intersted who has also been scammed by this company.  It is as follows:

Andy Lux
6719 Julie Lan
West Hills, CA 91307
818 281-8869