Between the slanging match can I advise everyone to have a go at getting money back using email method described in this thread. My friend got a chunk back yesterday.
Which Email method are you talking about?
Between the slanging match can I advise everyone to have a go at getting money back using email method described in this thread. My friend got a chunk back yesterday.
Yes thank you. That point has been raised and I have stated that EG should be more transparent in regards to the amount of money in the master account. However, I did learn that having different amounts in different accounts is part of hedging strategy. I am still calling on someone with more Trading knowledge to elaborate on that point. Look, I think you make a great point. It makes me think it could be a scam.
Please people, I am not advocating EG. I have accepted that I was motivated by greed and the money may be lost.
Still I am not convinced that it's a Ponzi. I'm sorry about that, I really am if it upsets people. Why would they offer free trading signals? Seems weird for a Ponzi. People say to buy time but buy time for what? Court cases? A business can operate whilst going to court.
Why would they offer free signals? Surely this proves they have the software to make profits.
Look guys, I know that this post is going to spark a lot of hate towards me. I know u think I work for EG but I don't. I know that people who post hear have already made up their minds. However I'm still 50/50.
One last post due to popular request.
Fact: Being arrested and going to jail are two different things.
Opinion: He is not in jail but he may have been arrested.
Consideration: Please not the word "alleged". Please note that police station didn't comment and Exential are denying this arrest even took place.
Opinion: It's all a bit suspicious on both sides here. Bad news for us investors if it's true. It's just going to slow things down.
Fact: At the end of the day, all he has to do is prove the money is in the master account with brokers.
Opinion: Maybe under civil law he didn't have to prove it but under criminal law he does. Therefore somebody paid the money to file a criminal case against him.
Fact: EG are not telling full story. We know that lawyers and media bend the truth.
Fact: He was arrested on allegations before he sent emails about trade signals.
Opinion: Seems a bit odd to do that after being arrested.
Fact: He will just need to prove that he can settle all clients from brokers segregated and master accounts to avoid jail. If he can't prove it then it's a scam. I guess we will find out soon.
Question: If he is still sending trade signals and emails under EG banner over the coming months, then what does that mean?
In my opinion, 1 of 2 things.
1- He is innocent and it's not a scam. The authorities investigation showed allegations were incorrect.
2- He is guilty and the authorities can't prove it. He is above the law and the authorities are useless.
We will find out soon enough.
Please note that I am not trying to be right here. A lot of this post was opinion based. I do not work for EG and I am just as confused and frustrated as the rest of you. If u haven't invested in EG then please try not to take delight in others misery. Good luck!
Can you guys tell me if bellow is a fact, opinion or a fallacy:
We have raised the question of how he could legally set up and run another investment fund when he was apparently never licensed to do this in the first place, is under investigation for illegal trading by the DED, and has judgments against him from the civil courts.
Special emphasis on "never licensed to run an investment fund". Establishing this statement as a fact may mean that the whole business is indeed illegal. Proving it as a ponzi will be another thing.
They cant steal the money. You put it with a broker of your choice.
Between the slanging match can I advise everyone to have a go at getting money back using email method described in this thread. My friend got a chunk back yesterday.