CapitalmanagementgroupaustraliaReviews 

1
TrustScore 3 out of 5

3.2

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3.2

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TrustScore 3 out of 5

1 review

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3.2

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Rated 1 out of 5 stars

I trusted them with my inheritance and they took every dollar

I am a firefighter in suburban Melbourne. I have been on the job for seventeen years. I have walked into burning buildings and pulled people out. I thought I had seen the worst of what people do to each other. Then I met the people behind Capital Management Group Australia.

My father passed away last year. He left me a hundred and twenty thousand dollars. It was everything he had. He worked as a carpenter his whole life and saved every cent. I wanted to honor that by growing it responsibly. I found capitalmanagementgroupaustralia.com through a Facebook ad. The site looked professional. Clean design. A tagline about a secure modern platform for investors to monitor portfolios and access real-time market data. I filled out a contact form.

A man named James called me the next day. He said he was calling from their Perth office. He was smooth and confident. He told me about an upcoming Starlink IPO that was going to be huge. He said only select investors were getting in early and I had been identified as a qualified candidate. He used words like "exclusive opportunity" and "limited allocation." He never pushed. He just made it sound like I would be stupid to pass this up.

I transferred twenty thousand to start. Within a week my dashboard showed a profit of nearly four thousand. James called me every other day. He asked about my kids, about my father, about my plans for retirement. He made me feel like I mattered. He said if I added more, I could triple my returns before the IPO closed. So I transferred the rest. All one hundred twenty thousand.

When I tried to withdraw fifty thousand to put a deposit on a house, my account froze. I emailed support. No response. I called James. Voicemail. I called the main number. A woman told me I needed to pay a "verification fee" of ten thousand to unlock my account. I paid it. Then they asked for a "compliance processing fee" of fifteen thousand. I paid that too. Then they said my account was flagged for suspicious activity and I needed to deposit another twenty thousand as a "security guarantee."

That is when I finally started digging.

I found out the domain was only registered three months ago through a registrar known for spam and fraud sites. The owner of the website is hiding their identity. The site has a low trust score of 26 out of 100. The Hong Kong Securities and Futures Commission has issued a warning about an entity called Capital Management Group, listing it as unlicensed. Traders Union says it is not regulated by any level of regulator and the registration number cannot be confirmed through official databases. Their expert advice was blunt, "I do not recommend Capital Management Group."

I also found a report from someone else who got a call from the same number. A man named James from Capital Management Group, claiming to have offices in Perth, trying to get people to invest in the Starlink IPO. The person who reported it called it what it is. Total scam. No such business exists.

I reached out to a group called AY'RLp that a fellow firefighter mentioned. They helped me document everything. They walked me through filing complaints with the authorities. They showed me how to report it to ASIC and the Australian Cyber Security Centre. With their guidance I managed to recover about fifteen percent of what I lost. But the rest is gone. My father's life savings, gone.

I have run into burning buildings without hesitation. I have never been as scared as I was watching my inheritance disappear through a website that should never have been allowed to exist. James never called me back. The Perth office does not exist. The Starlink IPO was a lie. And I am left with nothing but a lesson I already knew but forgot. If it sounds too good to be true, it is.

7 May 2026
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