ACME HEDGE scam

Acme Hedge

AcmeHedge.com Representative
Messages
21
yes we still didnt get the money from them. they promised to clear all the dues within 3 months
 

Romeo

Sergeant
Messages
239
yes we still didnt get the money from them. they promised to clear all the dues within 3 months
I understand that the latest 50.000 is delayed. According to the statement, you withdrew another 380.000 USD in the past 20 months. Did you receive all that money?
 

Pharaoh

Colonel
Messages
19,783
I would like a list of which of the withdrawals displayed at the FPA were received by AcmeHedge and which ones weren't.

I'm also curious why Acme Hedge didn't publicly complain about this issue with ECN Alpha here at the FPA.
 

Amin EL-HAKIM

Master Sergeant
Messages
306
What's to disagree with? If my problem was regarding the loss of the first account, I would've posted at that time. My problem is you took on yourself the responsibility to recover the money which I proved by attaching our e-mail conversation on the other "open cases" thread. I don't believe neither I nor the other traders will get any penny back. The most annoying thing in the whole matter was the lying about transfer been done and a confirmation would be sent. As I promised you, they went down and took you with them. Too bad since you had a good reputation and now I'm sure no one will ever work with an account manager from Panama anymore. I think the 90-120 days period mentioned is more than enough time to liquidate everything and leave the country. And if I'm wrong, it would be for my own good.

I strongly disagree with Amin Hakim. Yes we managed his account with a different broker and because of poor execution, we lost the money and requested him to open an account with the broker on which we are trading. He did the same and we recovered the losses.

But recently because of some issues with the broker, they never paid few of the clients including me and amin hakim. We are also equally and eagerly awaiting our pending dues from them. They promised us to pay within the next 3 months.

Now we are in search of another good broker, who doesn't have execution issue. We will inform here once our money is received.
 

Nick Drivers

Recruit
Messages
5
What could do an investor to get his money back?

Is there any possibility of success?

Is there anybody who think to sue ecnalpha?
 

mrgummo

Corporal
Messages
128
OK, lesson number one: make sure your broker is regulated.

Lesson number two: great performance /data can be fabricated.

For me, this was a $10K lesson! I thought I was smart, finding a loophole around US regulations with a brokerage with greater leverage and no FIFO rules (for future EA's). Lesson learned.
 

Pharaoh

Colonel
Messages
19,783
Going after ECNAlpha may be the only option, but you should do it fast.

AcmeHedge's website is down. ECN Alpha's website says that they aren't accepting new clients and are supposed to pay people within 90-120 days. Of course, that could just be a stalling tactic to let them cover their tracks more thoroughly.
 

Nick Drivers

Recruit
Messages
5
Going after ECNAlpha may be the only option, but you should do it fast.

AcmeHedge's website is down. ECN Alpha's website says that they aren't accepting new clients and are supposed to pay people within 90-120 days. Of course, that could just be a stalling tactic to let them cover their tracks more thoroughly.
Thanks for your reply, but I don't understand the meaning of it... could you please explain me better? also via PM, if you prefer.
thanks a lot!
 

Pharaoh

Colonel
Messages
19,783
Other people may have the same question. If I explain by PM, then I may have to answer the same question many times.

You need to contact your bank and local police to see how to file internet-based financial fraud charges from your country.

You need to email ECN Alpha letting them know that you will be filing charges if the money in your account is not returned.
 
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