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GoldenFX GoldenFX is offline
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Post Considering legal action against Crownforex - 10-30-2008, 01:14 PM

Hello Everyone:

So far I don't have much hope that Crownforex will settle our accounts peacefully. I have problem withdraw my fund since early September, until now they don't wire me a penny. Worst than that, they try to rob my account empty by back charge swap and cancel my last trade which were in profit.

My problem with Crownforex, started in September. I have account with Crownforex since early this year, and I never have any serious problem with executing trade
or withdraw fund. However, when gbp/jpy and other major pairs droped in August and early September, my account at Crownforex accumulate a lot of profit. Then the problem start.

First, without warning, they close all my open positions, then they disabled my account. When I call them up, they said it was technical problem and the account will be back online in a few days. Then when they put my account back online for me to see, they said they back charge swap fee on my account, going back to when I first open my account.

More than that, I submitted a request to withdraw fund in early September. That even before they disabled my account. They deducted the fund from my trading account, but never wire it to me.

I had hired a Swiss attorney to help me with this case. They have written two formal letters to Crownforex and to their board of directors, but Crownforex still do not react so far.

Now we are writing them the last letter, warning them that we are going to Swiss public prosecutor and SFBC (Swiss Federal Banking Commission) and we are also going to file civil debt collection with Swiss debt collection department, if Crownforex do not settle the case peacefully with us.

If we have to go to Swiss public prosecutor and SFBC, I think it is more affective to gather all the victims to file this case together. I spoke to my attorney again this morning and he said it is a good idea to have more people to file the complain report together.

So the next step is to gather all email of the victims (if they are willing to join us) so that we can communicate and work together to fight Crownforex through legal actions.

We also still can continue to work with FPA investigator to put pressure on Crownforex. The more pressure we can put on them the better.

So tell me what you think about this.