Rizwan - You sound more like a competitor rather than a client, so we will ignore you. We need our money, not SL in jail.
So you want him out so that he can trade again and give you your money back?
Question no. 1 - Do you really think he ran a legit forex trading company? If your answer is yes, end of discussion. Cant help you there buddy.
Additional questions: )
- Havent you seen your trading account statement? Did you see any legit transactions other than huge withdrawals? If you did see any trading transactions, does it matches your 7-11% monthly profit?
- Dont you think he had enough time to "make up for it", aka trade and give your money back? The delay in payment started in Sept 2015, and people waited and gave him enough chance. He was arrested only in Dec. 2016. You may argue that his office was closed by DED early 2016 but you dont need a physical office address to trade.
- When somebody borrowed money from you and they will not pay you back as per written contract, how are you going to force him/her to pay? Are you not going to get the aid of the authorities? And when you go to the authorities, aren't they going to advice you to get a lawyer?
Unfortunately, lawyers (especially in UAE) are expensive. and some are indeed taking advantage of this. But there's just no other way. Winning the court case and executing the order are two different activities. and while the first is already certain, the execution is the difficult (and almost impossible) part. Money is already out of the country, as expected, and its beyond the jurisdiction of UAE authorities. Im not a lawyer so i dont know how to proceed with this but logic alone will dictate that this is a complicated process. SL probably know this and maybe he doesnt really care if he rots in jail as long as his grandson's grandson are already rich. and they will refer to him as their great great grandpa who took them out of poverty. Disgusting.
And by the way, as early as September 2015 when the delay in payments started, we are already encouraging people to do the necessary actions and get the authorities involved because they clearly violated their contract. Before the delays, we were just informing everyone that EG ticks all the warning signs of a ponzi. But some guys, aka cheerleaders, says give EG some time bla bla bla as they are sure that EG is not a ponzi and its time to help EG. Based on the statements, huge withdrawals from the accounts happened in Jan-Feb 2016. So in other words, EG was actually able to siphon the money out because cheerleader says, "give them enough time".
I understand you, very clearly. Wonder from where you have got this information, because here in Dubai neither the court nor the police have said nor say anything and as you and many rightly say, Lawyers have lied and cheated us. Lets leave it to the court to decide whether they are a ponzi or a scam. As of now nothing, they are still clean. Does it matter what we think, where the money is? where his wife is? where the trading money went? who has the money? What matters is what the court says and whatever came on newspapers are statements made by the same lawyers who have robbed so many friends of mine and i feel so sorry for them. If the money is out of the UAE, Me and friends thought about this, EG existed in Dubai for 6 long years and used banks to transfer profits, so the banks were aware. for almost 5 years EG has transferred profits, so we can even say, that the money is gone to clients accounts and not outside the UAE. Its rubbish that the money is outside the UAE, if it was, we are talking about the dubai courts, who are very efficient is finding such money.
Yes, when you have invested somewhere, specially forex, you must know the risk, involved. Unfortunately all were greedy and are suffering. Maybe we should have believed SL that he needs time to trade. Most of us are realizing it now. He still says it apparently, he cannot run away anywhere, until he pays us, not out of the country. so if he knows he can, why not give him that chance. What have we gained keeping him in jail for almost 8 months now. Nothing, just fake promises from lawyers and the police and court dont say anything. What if the court just says, he has stayed in for long and now he pays no one, imagine, what a state it would be.
Its been 8 months, nothing has happened, good nor bad. Maybe its a simple company problem, where the lawyers and these investigators, made it look like a fraud company, so that they can get as many clients as possible to con. And its evident today.
Its doesnt matter what we discuss or believe, we have no choice but go as per what the court says now. No one is helping us at the moment, even the lawyers are avoiding my friends calls and keeping their phones switched off. This situation is bad.
Cheerleaders aka frauds aka competitors aka lawyers aka clients aka SL, it doesnt matter who we all are now, we all have to wait and wait for how long we do not know. The truth is if SL gets sentenced no one sees their money ever, we have to move on, if SL gets released we have some hope left. This is the truth, face it!!!! If the money was somewhere so many lawyers and investigators and the police and the court and CID involved would find it, i guess 8 months are enough for a country like UAE, who solve murder cases in 24 hours.
I dont understand one thing, if SL does not care for his clients and has siphoned all the money outside the country and if his wife ran away with all the money, why is he not just giving up and says i dont have the money and he cannot pay and get the bloody sentence and stop wasting everyone's time. The case will rest in peace at least and we all will have our answers. He would just get a 3 years jail term maybe, like MMA forex, that guy said he has no money and got sentenced. If he had done that, he would have completed a year by now, For what is that man waiting. Very strange, i think for myself now, i do not think according to others.
I dont understand if SL rots in jail, how will he get grandsons and make them rich. Sorry, wanted to add some humor. is it possible? haha sorry. If Exential was a ponxi, why did banks, support them for so many years with the withdrawal transactions of millions of dirhams within the UAE? for years now, until the problem started> Think about it. Food for thought