Ilya Paniotov connection to FRAUD - Part 1
Buddy, sometimes if you push too hard, you’re gonna piss the wrong guy off, and here I am! You guys want facts!? let me show you how the words “Illegal” and “Ilya Paniotov” go hand in hand to create
Illegal Paniotov.
Here are the juicy bits, for more you’re all gonna have to pay that website! (Hey! I’m Jewish!)
http://74.205.55.74/offshorealert/A...link=&MainMenu=&SubscriptionType=s1WBEeleXNA=
SEC SUES INVESTMENT PROMOTER GARY MCDUFF FOR ALLEGED $11 M FRAUD
"A promoter with a long history of involvement in dubious investment schemes, which often involve offshore entities, has been accused of fraud by the U. S. Securities and Exchange Commission.
Gary Lynn McDuff helped perpetrate a scam in which over $11 million was raised from approximately 105 investors, according to a complaint that was filed by the SEC at the U. S. District Court for the Northern District of Texas on March 26, 2008. Defendants are McDuff, 52, described in the complaint as a former resident of Deer Park, Texas who is believed to be currently residing in Mexico…”
“… In its complaint,
the SEC alleged that McDuff used an entity he controlled called MexBank SA (Strike ONE!) de CV to improperly divert investors' funds for his personal benefit. Research by OffshoreAlert showed that MexBank SA de CV also operates under the names MBFX, MexGroup, and MXBK Group SA de CV and maintains a web-site at
MexGroup - Financial Services and
MexGroup - Financial Services, where the group claims to be a manager of currencies.
There is nothing in its promotional material to suggest that MexBank is a licensed bank, as its name might suggest. The site does not contain the names of any individuals who are involved with the business (Strike TWO!!) and the only contact number is given as 206-339-5906, which is described as an "e-fax and voice messaging" number…”
“…The domain name 'mexbank.com' was created on August 22, 2005 and its ownership is hidden through a privacy service, while 'mexbanksa.com' was created on July 14, 2005 and is owned by Eduardo Raul Trejo…”
“…
Another site that has been set up to promote MexBank but has a different design can be found at www.forexmb.com, where the only contact information is given as "Fax: +1 201 917-2623" and an email address of
info@forexmb.com.
The domain name 'forexmb.com' was created on November 13, 2006 and is owned by Ilia Paniotov, of Forex Trading Financial Group Corp., (Strike THREE!!!)11 Partridge Lane, Putnam Valley, NY 10579, Tel.: 845-284-2541…”
Swiss newspaper Swisster claimed that a raid by police was carried out on Thursday, April 2nd following a complaint from a former client of theirs claiming they had lost millions of dollars.
The same paper, on the 6th April, named the ex-client as MexBank; they also speak of a New York trader familiar with the affair, a certain
ILYA PANIOTOV who traded with ACM on behalf of
MexBank for almost 3 years, Paniotov said he had proof that ACM cheated clients through falsified currency pricing and claimed he had proof in the shape of screen shots and documents. ACM reacted by lodging a complaint claiming all this was based on lies riding on documents stolen by an ex employee. These documents were later manipulated for the purpose of a
blackmailing attempt by MexBank on ACM. One of these documents purportedly shows an actual price, spread manipulation program which allowed ACM to manipulate client’s trades in the broker’s favor.
Paniotov was quoted as saying, and this is the best frikkin example of the pot calling the kettle black you will ever see!
“I feel it was totally illegal!”
Organized crime at its best, but you met your match with ACM. Actually, to be honest, I give you a big "BRAVO!" because amazingly you managed to mislead the authorities!
How prophetic!
