We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that...
FPA Member Midasfl and many others had money placed with the
HYIP site TradeLite.net. The site suddenly went down and all communications ceased. StrictPay, an online payment service, froze what little money there was in TradeLite's account.
FPA Investigator Lt. Ken also attempted to contact TradeLite. Messages either bounced or were not replied to.
All available evidence indicates that TradeLite was some form of
Ponzi scheme and that the owners took the money and ran. They left a large number of customers with little or no money. Failure to return money owed to traders is the FPA's first definition of scam.
Thus, we officially find that TradeLite is a scam. We offer TradeLite the chance to resolve this issue by returning funds legitimately due to numerous FPA members.
We extend our deepest sympathies to the many people who lost money due to the actions of TradeLite. We thank Lt. Ken for his efforts confirming this scam.
TradeLite is hereby blacklisted by the Forex Peace Army. We urge the victims of this scam to band together to hunt down and seek legal redress from those behind this scam.
Discussion thread for scam finding against TradeLite.net
Original complaint against TradeLite.net
TradeLite -
12-16-2008, 08:41 PM
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