Ponzi Scheme TadawulME / Exential Group:

[Voice Of Logic]

Just to avoid to be confused with the Extential stooge, I am the real VoiceOfLogic.
Voice Of Logic ( 3 words ) only registered a couple of days ago.

Sorry, I didn't notice your name previously.
Appreciate if you can keep your thoughts for yourself if you are not related or affected by this topic.

 

[Dredd]

How ironic is the chat name "VOICE OF LOGIC" for someone who defies common sense leave alone Logic ? Yet another EG stooge.
If EG was going to pay, they would have by now. There is no way they can recover as only an idiot would go an open an account with them at this stage. The well has dried up long time ago and that is why no one is getting paid.
It is not rocket science. They pay as long as there is new funds and as long as their inflow is more than their outflow. Even you "VOICE OF LOGIC " with your positive and logical approach won't give them a dime right now.
There is another selfish stooge on their Facebook group called Ramy Habib who is high on steroids and discouraging people from doing anything.
Ramy, superhuman , shu op, voice of logic --- all same ol sh@t, different smell.

Let me sum it up for all you stooges and the ignorant ones:
EG opens to greedy investors, greedy investors open more accounts and EG grows, UT opens and promises more, greedy investors flock to UT, EG gets screwed over when more people flock to UT as their outflow is more than inflow, EG stops paying when the well is dry, desperate people continue investing with UT hoping to cut their losses, EG makes headlines and gets shut down, people hear about it and try to pull out of UT, UT starts the delaying tactics, UT can't handle the outflow and stops paying. Vicious circle.

 

[Voice Of Logic]

How ironic is the chat name "VOICE OF LOGIC" for someone who defies common sense leave alone Logic ? Yet another EG stooge.
If EG was going to pay, they would have by now. There is no way they can recover as only an idiot would go an open an account with them at this stage. The well has dried up long time ago and that is why no one is getting paid.
It is not rocket science. They pay as long as there is new funds and as long as their inflow is more than their outflow. Even you "VOICE OF LOGIC " with your positive and logical approach won't give them a dime right now.
There is another selfish stooge on their Facebook group called Ramy Habib who is high on steroids and discouraging people from doing anything.
Ramy, superhuman , shu op, voice of logic --- all same ol sh@t, different smell.

Let me sum it up for all you stooges and the ignorant ones:
EG opens to greedy investors, greedy investors open more accounts and EG grows, UT opens and promises more, greedy investors flock to UT, EG gets screwed over when more people flock to UT as their outflow is more than inflow, EG stops paying when the well is dry, desperate people continue investing with UT hoping to cut their losses, EG makes headlines and gets shut down, people hear about it and try to pull out of UT, UT starts the delaying tactics, UT can't handle the outflow and stops paying. Vicious circle.

Dredd,
I will disregard the offenses and talk to you with reason.
I agree with you that I wouldn't give them a dime now simply because they stopped trading at the start of this month...

It's very clear how Ponzi schemes work, so you can spare yourself the explanation.
Everybody is explaining how Ponzi schemes work and nobody is answering the question...
The question is: what are the proofs that Exential were not trading in forex?
because if they were trading, there's no point of stealing money... they were making enough money to satisfy their greed and the clients.

Thanks & Regards.

 

[oldtimefxer]

How ironic is the chat name "VOICE OF LOGIC" for someone who defies common sense leave alone Logic ? Yet another EG stooge.
If EG was going to pay, they would have by now. There is no way they can recover as only an idiot would go an open an account with them at this stage. The well has dried up long time ago and that is why no one is getting paid.
It is not rocket science. They pay as long as there is new funds and as long as their inflow is more than their outflow. Even you "VOICE OF LOGIC " with your positive and logical approach won't give them a dime right now.
There is another selfish stooge on their Facebook group called Ramy Habib who is high on steroids and discouraging people from doing anything.
Ramy, superhuman , shu op, voice of logic --- all same ol sh@t, different smell.

Let me sum it up for all you stooges and the ignorant ones:
EG opens to greedy investors, greedy investors open more accounts and EG grows, UT opens and promises more, greedy investors flock to UT, EG gets screwed over when more people flock to UT as their outflow is more than inflow, EG stops paying when the well is dry, desperate people continue investing with UT hoping to cut their losses, EG makes headlines and gets shut down, people hear about it and try to pull out of UT, UT starts the delaying tactics, UT can't handle the outflow and stops paying. Vicious circle.

Sorry- but who is UT?

 

[riderX]

Thanks riderX for your message.

So does anyone have sensible proofs that Exential was not trading?
if yes, appreciate if you can share it with me.

Regards.

The absence of broker statements. I think somebody mentioned in this thread that they have asked for any broker statements from EG, but EG could not provide or is not willing to provide them with it. EG claimed to be using S&S brokerage (since S&S is registered with Central Bank).

 

[SilentSpectator]

Dredd,
The question is: what are the proofs that Exential were not trading in forex?
because if they were trading, there's no point of stealing money... they were making enough money to satisfy their greed and the clients.

Thanks & Regards.

The questions should be:

1) What is the proof that Exential is really trading with the individual "investors'" money?
2) Is there any verifiable proof that they were really making the monthly profits that they pay out? Account performance shown in their myFXbook says otherwise.

It is possible that Exential is both trading in forex (with a show account) AND stole money via a Ponzi scheme.

 

[Little stress 2016]

Ok.

In order for me to explain this, I need to clarify few things. I know most of the people are much more educated than me in forex but for those who are not, here is the Explaination.

In the business plan of EG, there are 2 parties.

1. T*d*wul me : Money manager

This company have taken LPOA from all of us in order to do the trading on our accounts which is suppose to be held with broker. ( F*I or Ellip$Y$ )

2. F*l or Ellip$Y$ : financial brokers used by EG in order to conduct trading and use their platform and hold our money.

In order for EG to be legitimate and do the trading, our money is suppose to be with financial brokers but when I sent an email to F*I and asked them for trading statement, they replied back that they don't have my account and therefore I checked the same with my RM and he said its under the master account.

Master Account : it's the account of EG with FC* and according to my RM and even the TL my account is under the master account of EG but the financial broker doesn't recognize me as a client and therefore even IF (A big IF) my account is under the master account (which is in the name of EG) EG have all the rights to withdraw deposit and claim any payments from that account, and in this scenario the LPOA signed by me becomes VOID and it's a clear case of commercial fraud.

I.E. Money Manager = Financial broker.

It's my personal findings with my lawyer which we will proove it in court very soon.

Suggestion: please send an email to the broker and ask for your trading statement in order to find out whether your account is with financial broker or your money is just rolling to others

 

[Voice Of Logic]

The absence of broker statements. I think somebody mentioned in this thread that they have asked for any broker statements from EG, but EG could not provide or is not willing to provide them with it. EG claimed to be using S&S brokerage (since S&S is registered with Central Bank).

Thanks. Appreciate if you can provide me with some further inputs:

What information do those statements from S&S provide? Does this information verify the amount of money invested and the trades done?
If I visit S&S brokerage, what questions should I ask exactly?
Which authority can ask for the statements from S&S other than the client himself (Exential)?

Thanks.

 

[Voice Of Logic]

The questions should be:

1) What is the proof that Exential is really trading with the individual "investors'" money?
2) Is there any verifiable proof that they were really making the monthly profits that they pay out? Account performance shown in their myFXbook says otherwise.

It is possible that Exential is both trading in forex (with a show account) AND stole money via a Ponzi scheme.

SilentSpectator,
Yes these 2 questions are good and I will try to get the right answers.
The possibility that Exential is both trading and stealing investors money is unlikely to be the case.

 

[VoiceOfLogic]

Sorry, I didn't notice your name previously.
Appreciate if you can keep your thoughts for yourself if you are not related or affected by this topic.

Please appreciate that it is a forum I m registered to so I am perfectly entitled to express my opinion unless a moderator judges otherwise. Particularly if someone is using a name close to mine and defending what is nothing more than an illegal activity.
Also kindly note that since this is totally anonymous, I have no idea how you really are related to this scam just like you have no clue how I fit into this.

In this case, I reckon that you should have been the one keeping your thoughts for yourself or you should have reported me to the mods for breaking the forum rules.

Better spend your typing skills on defending the indefendable. Plenty of work there. I ll keep on reading and watch it all unfold. Like others who have been here before you, I doubt you will still be around here in the future.