Four London companies involved in selling miracle software guaranteed to make investors money trading on the London Stock Exchange, have been ordered into liquidation in the High Court on grounds of public interest following an investigation by the Insolvency Service.

The court heard how Direct Technologies Limited, D Corporation Ltd, Stock Market Charting Programs and Data Specialists Limited and On Demand Sales Consultants Limited raised at least 1m from the public who were duped into buying the software by false claims including those in fake testimonials, false online articles and in purported online magazines claiming to be an award winner alongside various global financial institutions such as a worldwide bank. It was also claimed and that their DTL Direct Trader System incorporated:
10 years of extensive past trading data on over 125,000 stocks
the ability to apply 251 internationally recognised charting formulae
the ability to download daily close of market data on all stocks listed on the London Stock Exchange
the application of more than three billion calculations each day to suit the users trading requirement
alerts for both profit taking and to stop loss situations
enable the user to make comprehensive trading decisions in only minutes each day
built in accounting package

Numerous related websites were identified by the investigation including which had an expert review page on how to trade and make money and to become part of its trading family.

The system claimed to tick all the right boxes for investors simple to use, proven results, no experience necessary and that You can help secure your future and take advantage of our proven money making strategy with a one off investment of 8,800.

Welcoming the courts winding up decisions Chris Mayhew, Company Investigations Supervisor, said:

This investment opportunity was as dodgy as the testimonials.

No-one made any money apart from those behind the companies and the guaranteed profits or all of your money back was as elusive to investors as the companies themselves.

The Insolvency Service will not allow companies to operate in this way and will investigate abuses and close down companies if they are found to be operating, as here, against the public interest.