Not sure about this. They have been giving 7-11% every month since the day they started their "operations". They probably planned a ponzi from the start. just my opinion.
Ponzi Scheme TadawulME / Exential Group:
- Thread starter samsam9000
- Start date
Guaranteed profits become guaranteed losses.
Not sure about this. They have been giving 7-11% every month since the day they started their "operations". They probably planned a ponzi from the start. just my opinion.
Hello, could you please let us know how you managed to meet with SL? i have literally trying to call him for 5 months now and what sapping him with no luck. i have been trying to meet with him and get through setting a meeting through his RM's but they are as useless as a used tissue.
Does anyone have any personal information about him? like other phone numbers, address, or anything?
I got a phone call from one of their RM's last week and i was questioning why is my account in one master account and not separate and why their master account has short of 250,000 USD transactions? The guy said they have 3 master accounts with FCI which is absolute nonsense.
Givebacktime
Recruit
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Ever wonder how much EG Employees get paid or is it that their management is soo generous that they nourish their employees with a luxurious life too. Apparently SL Personal Assistant lives in a lavish apartment... ...
Wait and watch for everything to be revealed here itself...
I have lost every respect i had for you Mr SL.(Take your words back)...
spill some more
got her name. its easy. go to SLs fb page, search his friends and look for a lady that starts with CL--Y M-S....Sorry a bit late to the party.......If they have lost money trading than what can be done now?
I completely agree to you on this. its very difficult to achieve consistent results like that. and that too in fx markets. And specially when transparency level is very less its a bit difficult to digest.
Can somebody explain wat is different from the previous email???? JJJ
Dear Exential Investors,
I had planned to send out an update at the end of October but with the continued social media speculations I thought it’s best that I address a few points to give some insight into the current situation.
Firstly, it is true that we have been through the process of changing law firms and I can now confirm that this process is now complete. The fact that we have not been represented in certain court cases does not mean that we are not aware of them. It is a common practice to inform the courts beforehand if no legal representation will be present and this has been done in all instances. Once the verdict is handed down, Exential is allowed time to lodge an appeal and this is the course of action we deem appropriate at this time. There is a fair amount of social media hype regarding the court cases being won against Exential. Any verdict or judgment is not final until the entire court process is complete and it will only be at that stage where we will be in a position to confirm any settlements as instructed by the courts.
Besides Exential having to defend these cases which amount to a small percentage of total investors, we are making application to re-open our doors as this will enable us to then pay any agreed settlements but more importantly, give us the opportunity to service all our other investors.
The opening of Exential is a WIN-WIN for all parties.
Since the DED closed our doors we had been in discussion with clients to agree settlements to avoid prolonged closure of Exential. As we're all aware we were not able to stop the closure but we continued in good faith with our negotiations with these investors and we are now in the process of agreeing settlements with payments already underway. We initially invited and held settlement discussions with 100 clients, both complainants and non – complainants with most of these cases now in the final stages. The settlement offered was based on the initial investment made and taking into account profits withdrawn over the period of the investment. On acceptance the investors signed an agreement confirming the terms of the settlement of their investment.
We will over the coming months be making contact with investors who wish to close/closed accounts to discuss and agree such settlements once the office re-opens. I am sure you can appreciate the magnitude of this task but it is our intention to do as much as possible to demonstrate our commitment in resolving this situation as amicably as possible. I once again reiterate the point, the opening of Exential is vital for ALL investors and for us to meet our obligations.
I realize that a time frame is something all investors are wanting to know but at this stage all I can confirm is that we are doing our best to resolve this as quick as possible in the best interests of investors and Exential.
As I am not in a position to answer all investor’s questions as there are many, speculation on social media will continue. I will continue as promised to keep investors updated on a regular basis which will hopefully mitigate any negative comments on social media.
You may also contact your respective Relationship managers to clear your doubts if any or alternatively emailclientservices@exentialgroup.comto arrange a call back from your Relationship managers.
“ Your patience is our support
Dear Exential Investors,
I had planned to send out an update at the end of October but with the continued social media speculations I thought it’s best that I address a few points to give some insight into the current situation.
Firstly, it is true that we have been through the process of changing law firms and I can now confirm that this process is now complete. The fact that we have not been represented in certain court cases does not mean that we are not aware of them. It is a common practice to inform the courts beforehand if no legal representation will be present and this has been done in all instances. Once the verdict is handed down, Exential is allowed time to lodge an appeal and this is the course of action we deem appropriate at this time. There is a fair amount of social media hype regarding the court cases being won against Exential. Any verdict or judgment is not final until the entire court process is complete and it will only be at that stage where we will be in a position to confirm any settlements as instructed by the courts.
Besides Exential having to defend these cases which amount to a small percentage of total investors, we are making application to re-open our doors as this will enable us to then pay any agreed settlements but more importantly, give us the opportunity to service all our other investors.
The opening of Exential is a WIN-WIN for all parties.
Since the DED closed our doors we had been in discussion with clients to agree settlements to avoid prolonged closure of Exential. As we're all aware we were not able to stop the closure but we continued in good faith with our negotiations with these investors and we are now in the process of agreeing settlements with payments already underway. We initially invited and held settlement discussions with 100 clients, both complainants and non – complainants with most of these cases now in the final stages. The settlement offered was based on the initial investment made and taking into account profits withdrawn over the period of the investment. On acceptance the investors signed an agreement confirming the terms of the settlement of their investment.
We will over the coming months be making contact with investors who wish to close/closed accounts to discuss and agree such settlements once the office re-opens. I am sure you can appreciate the magnitude of this task but it is our intention to do as much as possible to demonstrate our commitment in resolving this situation as amicably as possible. I once again reiterate the point, the opening of Exential is vital for ALL investors and for us to meet our obligations.
I realize that a time frame is something all investors are wanting to know but at this stage all I can confirm is that we are doing our best to resolve this as quick as possible in the best interests of investors and Exential.
As I am not in a position to answer all investor’s questions as there are many, speculation on social media will continue. I will continue as promised to keep investors updated on a regular basis which will hopefully mitigate any negative comments on social media.
You may also contact your respective Relationship managers to clear your doubts if any or alternatively emailclientservices@exentialgroup.comto arrange a call back from your Relationship managers.
“ Your patience is our support
Actually I am in too........with 20 cents on the dollar
I had too called the brokers today and fortunately my accounts are there but with almost 75% down on all my investment. Overall I have 2 choices as provided by them either take the 25% or collect the full 100% but only once EG is back to normal.
