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[FPA Investigations Lt 2]

Originally Posted by Ken Long

While we're at it, I think you should start off every one of these scam investigations by asking the complainee, "why they chose to place their money in an obscure bucket shop, rather than a large regulated broker?", when plenty of them are readily available, and "why they think you should be working to bail them out?".

LMAO!!! I might need a new job if that rule went into effect.

I find offshore brokers easier to deal with. Those that reply to emails come up with strange things like Alma Forex does or they decide to negotiate seriously. Many cases are resolved very quietly. Regulated brokers frequently decide to hide behind the NFA and won't discuss things openly.

Nicholas finally told me his version of why he could pay out the initial balance. This still doesn't explain why he's holding onto profits. He said...

The database we work with has about twenty risk categories. For each of them there are list of possible actions. In case of Mr. Arapoglu’s
category we have made maximum what we could – repayment in full.

He's saying that Ahmet's suspicious money can be returned in full, but gives no reason why the profits made with this money can't. I would think that the suspicious money would be more likely to be confiscated under AML laws than profits made using it.

[bvfx]

Originally Posted by Ken Long

I think Ahmet has the right idea about contacting the authorities. I dont know how much help they can actually be with an unregulated broker located out in the Seychelles, but at least he'll have followed up on the problem himself and win or lose he'll know where the lines are drawn and then be able to make a better informed decision next time.

Overall though, I have to agree with bvfx. What do you expect when your dealing with a bucket shop off the far side of Africa? If you want acountability, its readily available. If you choose to use an unregulated, obscure broker you should expect these kind of problems. And this is my general feeling across all of these scam investigations. If you want to investigate bucket shops and attempt to bail out the unfortunate fools (I dont use this term to be discriminate or rude. I use it to be factual, and I apply it to myself as well. Entrusting ones money to one of these brokers is a foolish thing to do) who where taken in by them, all the power to you. There will never be any lack of either.

While we're at it, I think you should start off every one of these scam investigations by asking the complainee, "why they chose to place their money in an obscure bucket shop, rather than a large regulated broker?", when plenty of them are readily available, and "why they think you should be working to bail them out?".

I'm sure there are some honest people out there who just made some bad decisions, but my experiences with the tradable markets says that, there are just as many schemers on the retail side of the fence as there are on the broker side, and nothing happens without a reason. Ultimately, we are all responsible for whatever happens to us.

..."Ultimately, we are all responsible for whatever happens to us"
That's the most truthful thing in life. i realized that a few years back, and changed my life. every bad thing that happens, you can pin point the exact moment in time when YOU made the wrong decision.

[Nihari]

Originally Posted by bvfx

folks,

Seychelles....there's your problem right there!
unless you live there, and can pay them a "VISIT", what do you think it's going to happen?
ask yourself this question;
say you're at the airport, a guy from Seychelles, asks you to lend him $1000 for a plain ticket because his wallet was stolen, he shows you his passport, drivers license, etc (all from Seychelles). he promises, he'll give you $1500 back when he makes it home. his family is very rich he says... he's liquid!
Would you lend him the money?
Folks these brokers aren't even regulated, and the little regulation they have -the officials in these "countries" are very corruptible.

...............................)

I have travelled the Indian oceon 8 times stopping at Seychelles for a day. In those days, 50 years ago, it was considered the crookedest place in the world.

[khalihgs]

It is a really innovative way of excusing! Very novel! The deserve a Nobel Prize for scamming!

[Hahed1]

cmrades in arms: can somebody tell me why almaforex cant be declared thieves, fraudsters, liers, scammers and cheats? Of course they since they haven't yet come on board and tell us convincingly what happened to Ahmets profits from his trade and why they genuinely withheld that!

I urge you all to boycott trading with them and withdraw all your monies with them and tell all not to invest with them because they are fraudsters and and scammers untill they come out on this forum to clarify why they have decided to steal Ahmets' trading profit and gave him stupid excuses of money laundering in which case its they who ought to be investiagated for that!

I think we need not go further providing any material evidence to establish fraud, lying and thievery on almaforesx deals!


Almaforex we are waiting for you to come and tell us one or two nonsense excuse for depriving Ahmet of his hard earned profits!

[SAMMYFX]

Thanks Pharoah for this piece! The situation is very alarming. I have a question for this broker- IF AHMET HAD MADE A LOSS LEAVING HIS CAPITAL TO NOTHING WOULD ALMAFOREX RETURN HIS INITIAL CAPITAL BACK BECAUSE OF SUSPECTED MONEY LAUNDERING?
Their excuse does not hold any water!

[Scam Investigations Committee]

Ahmet finally got his money back from Alma Forex this week.