Ponzi Scheme TadawulME / Exential Group:

Guaranteed profits become guaranteed losses.
sad to say, its time to accept that you may not get anything back. DeD or the court will of course order them to pay back everything. but the money is probably in the pockets of the owner. or the pockets of those who invested first. and include the sponsorship costs for fc goa and sydney's ferraris.
even upto now, some mma victims are still going after the owner to prosecute and recover anything from his personal belongings.

Thanks Rider X.. I think this is a lesson to all of us victims. (sigh).. I hope these guys will be in jail soon. All of them, including the relationship manager's who misrepresented themselves about the situation of the company. Thanks guys! and goodluck.

Btw, to all UT investors do not be fooled twice. Exential is enough..
 
sad to say, its time to accept that you may not get anything back. DeD or the court will of course order them to pay back everything. but the money is probably in the pockets of the owner. or the pockets of those who invested first. and include the sponsorship costs for fc goa and sydney's ferraris.
even upto now, some mma victims are still going after the owner to prosecute and recover anything from his personal belongings.

Hey riderX - time to accept what?? Do you have the result of investigation from DED? Who are the members here? Did you read the article from Exential about the guy who was interviewed in TN?
C'mon guys - keep it cool and calm.
 
Thread begun: August 8, 2014.
Public announcement of shutdown: July 20, 2016.

On behalf of the FPA, I hereby invite all of Exential's supporters (except the few I had to ban) to come back and explain why they defended this Ponzi scheme.

EG is fighting and they have their lawyers to represent them. I am not defending EG but I will not put them down unless DED will announce that they are scam. I respect every opinions and I hope some will respect mine. Thanks!
 
Are the exential guys traceable to go to Dubai Jail.
What is the role of S&S brokerage in all this scam. Can anybody enlighten.
 
Are the exential guys traceable to go to Dubai Jail.
What is the role of S&S brokerage in all this scam. Can anybody enlighten.

yes, if theres a court ruling and if they are still in uae. my guess is that DED has already made an analysis on how damaging this scheme is thats why even if theres still no court ruling, they decided to close EG's office. the more complaint, the higher the penalty and the more pressure for the court to grant the verdict.

with regards to S&S, i think it was mentioned before that they denied any relation to EG. or they can simply deny it now. nobody is even sure if EG is actually using S&S as a broker.
 
If you guys want to minimize some losses, try your luck with ADS securities.. The return might not be huge compared to Exential but they're legit.
 
Dear members ,

As we all know and as I have mentioned in my last post ,the company was visited by DED and was ordered to shut down temporarily until a resolution is in place and the company can operate again . this has happened just Monday .

NOW , there is some events that is worth mentioning so everyone can make up their mind about what's going on, as we know the LOCAL newspaper that first tried to point fingers to Exential without naming them with absolutely no proof what so ever (which is a must in journalism), which took place on the first month when the transfer crisis broke down with Exential and the article was out to help fire up individuals who were driven by rumors derived from UT MARKETS in specific .Second article came in right after the upgrade of the product and as it was a sign of correction the second article blasted as vague as the first one but with leads given so clients can pose complaints to officials and fire up the situation .
Now after only 2 days from DED event, the paper issues two articles on the spot to make sure they add Fuel to the Fire in the right time ! What we need to ask ourselves is: Does this look obvious as a plot to create confusion in favor of a specific purpose which is destroying Exential ! or they just have perfect timing in writing this articles every time !

And so , a little bit of work was needed to let everyone know that the PAPER obviously has not any sense of responsibility in writing authenticated information ,rather just any information for the Scoop ! Pls read the article below before you continue reading the OFFICIAL information from Exential regarding the individual in the photo inside the article so you can understand the SITUATION and how clients are being manipulated against Exential !

http://www.thenational.ae/uae/exential-investors-tell-of-how-losses-have-affected-their-life-plans

**Exential would take this opportunity to shed a little light on the very recent article in a local daily about a ungrateful client working with a local yet one of the worlds best airlines, who took the opportunity to become a little known to the people of UAE.
It was reported that this client had borrowed money to invest in 3 accounts, which was not the case. This client invested with Exential not with 3 but 5 accounts in October 2014.
Within 7 months he closed 2 accounts collecting a pure profit that was transferred to his bank account along with the capital (Profit Aed 84680 plus his initial capital of Aed146200)
Within 15 months he further closed 2 more accounts whereby collecting a pure profit that was transferred to his bank account along with the capital (Profit Aed 183565 plus his initial capital of 146200)
The 5th account was closed in May 2016 and Exential agrees that the capital funds of this account are still not paid out along with profits worth Aed 26703.
However Exential claims that on this 5th account the client has collected and paid to the bank account of the client a pure profit of Aed 91782.
What is most important, the client opened 3 additional accounts in November 2014 and closed the same all 3 within 6 months. As usual the client collected pure profit that was transferred to his bank account along with the capital (Profit Aed 106185 plus his initial capital of Aed 219300)
2 more Accounts were opened via internal transfer( which is pure profit) in January 2015 and same were closed in 4 months. For this period the client collected pure profit that was transferred to his bank account along with the capital ( Profit Aed 35359 plus his internal transfer amount of Aed 146200)

Summary:
Client invested a total amount of Aed 584800 towards 8 accounts and further internally transferred Aed 146200 to add 2 more accounts from the profits accumulated in the 8 accounts.
So the total invested was 10 accounts including internal transfers which sums up to – Aed 731000.
Till date client has got paid to his bank account pure profits on all his investment Aed 501570 minus two internal transfers which is pure profit was used to create two accounts valued( Aed 146200)
Till date client has received his capital of 7 accounts transferred to his bank account of Aed 511700.

The client has the audacity to claim in media that he could not get married or has postponed his marriage because of a loan when Exential has paid him
Aed 867070 compared to the Aed 731000 he invested with Exential.

I guess its all about running away from the marriage maybe…..

** Now as we see that the PAPER which is supposed to broadcast the truth to its readers and is responsible about it, and as they have copied my last post as it is and posted in their article , lets see if they have the decency to do so with this article which the information contained CAN BE VERIFIED 100% and supported documents exist ,they never bothered to even call Exential to check their information ! most importantly the individual(Argentinian national) they have interviewed and has his photo in the article which is LYING FOR A PURPOSE and after some digging about him , he has a previous case of FRAUD where he has tried to BRIBE an official in DUBAI and was exposed and he was lucky enough to not be deported ! but maybe this time he wont be so lucky !! making false statements to a National Paper !

Encouraging everyone to complain even more as on some FACEBOOK groups also as well to the officials ( which they know about the situation obviously , worth mentioning as well that the PAPER info about the agency which shut down the company for now was not as they titled another article ( Financial regulators shut down currency scheme in Dubai)
http://www.thenational.ae/uae/financial-regulators-shut-down-currency-scheme-in-dubai
Rather it was DED , so the issue here which is in question , if the PAPER made a mistake about it , they need to correct it and if they don't really know the difference then we question the authenticity of their intentions !

Finally the title of the article this post is about (Exential investors tell of how losses have affected their life plans) .
I'm an investor like everyone else , Exential has not paid me all this time , I have been with them for a long time so I actually made up my investment and I'm hopeful that I will get back everything, as logically if they do not intend to pay us then why are they still here!! however some of us has not yet recovered all the capital or maybe new investors has not maybe recovered more than one profit, so we must ask ourselves a question , if this company has made it clear that their intention is to pay everyone back ! stepping over them will get that for us ? they are trying to recover over and over again but they are getting hit over and over with the results of some IMMATURE investors actions that has got us here along with the HOLY WAR on social media driven by the GHOST company since day one !

Everyone has forgotten that this investment is in the stock market ! they act as if this investment is a 0% risk free , everyone took this risk willingly to improve their status and everyone must understand also that the risk of losing does exist ! the question is now this paper has not mentioned anything to readers about the stock market or FOREX in specific which leave us to wonder , do they really know anything about it !
I apologize if my post was long , but it was a must to highlight this FAKE CRYING STORY which is meant to lure the general opinion in such a cheap way !
Finally what I know is that the issue will be resolved sooner or later and the office will be open as the company will not shut down .

Thank you .
 
All of you stupid foolish people bragging about investing in the so called famous "Exential Group" or rather so called "Tadawul Mideast" are currently the most foolish ,greediest people I have come across. I am very happy i did not invest a penny with these bunch of cronies but sad to see the huge number of people suffering from this scam. You guy's should have done a deep dive analysis on this group before investing in this bunch of ****. Open your eyes and see the way the owner's flaunt themselves with the High End Life they live in. To start off with the so called owner of the Company " Sydney Lemos" who apparently own's the following assets
1 - BMW X5
2 - Audi
3 - Maserati
4 - Ferrari ( Apparently flown this vehicle to Goa)
5 - Range Rover (Customized version)
6 - Lavish bungalow in Al Barsha
7 - A number of assets in his home state (Goa)

Ohh and not forgetting the main sponsor for F.C Goa and even owns a local Goan Team in Dubai called F.C. Bardez...

The Owner's wife " Valany Cardozo Lemos" thinks no end of herself. She acts as if she own's part of Dubai. The little bunch of people who work with them and are a right hand of Sydney and Valany are Jonathan Coelho, Valmond Menezes, Savio, Andy Fernandes , Cleny Mascarnhas and a lot more to follow. These guys know everything about the company and need to be sent to prison for swindling people's money. They are nothing but a bunch of liar's and cheats...

Even thou the company is in crisis the owner's are still living a High End Life while people are just suffering.
F.C.Bardez.jpg

This was a recent lavish party that was held in their Al Barsha Bungalow last week. They are only fooling you people.They are just enjoying people's money.

SENT THESE CRONIES TO JAIL.... THEY DO NOT DESERVE TO BE LIVING A LAVISH LIFESTYLE...
 
These schemes were fuelled by crew. Crew Social media is alight.

Everyone realising that they have been scammed. Trying desperately to close accounts.

Unfortunately UT customers facing similar delays to Exential clients when trying to close accounts.

At least crew can see the funny side:

 
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