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Anybody heard of TIRN www.mytirn.com ?

Discussion in 'Scam Alerts' started by Rosario Delgado, Jun 19, 2008.

  1. P.Mitchum

    P.Mitchum Recruit

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    Quote:

    "The sentencing hearing for defendant(s), DAVID MERRICK, has been set for August 4, 2010 in Orlando, Florida"
     
  2. Pharaoh

    Pharaoh Colonel

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    Let's hope David and the others behind TIRN get at least 1 year for each investor that was defrauded, with the sentences set to run consecutively. That would put them away for quite some time. Anyone have the current count of the number of victims?

    I only wish some of the people who were pushing TIRN and it's illegitimate offspring here in the forums even after charges were filed could get to spend some time in prison with David for promoting a criminal enterprise.
     
  3. Pharaoh

    Pharaoh Colonel

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    Justice is served!

    The wheels of justice sometimes turn slowly, but they do turn.

    Three and a half years ago, an FPA member asked a simple question about MyTIRN an investment website that seemed too good to be true. I took a look and warned her that it was covered in red flags and was full of red flags. I was surprise by the number of people who jumped in to defend TIRN. Most of them only made one post and then disappeared. I and others here kept trying to warn people that this was an obvious scam. Then the CFTC filed criminal charges were filed against David Merrick as well as against Traders International Return Network in the summer of 2009.

    I thought this was over. It wasn't. A flock of ugly little "baby TIRNs" hatched and each tried to claim that there really was a way to make piles of money with no risk and effort. I and others tried to warn people, but some just couldn't resist temptation.

    Finally, justice has caught David Merrick. He pled guilty in May 2010 and his sentence has finally been handed down. On January 20th, 2012, he was sentenced to 8 years and a month, plus millions owed in restitution and millions more in assets to be forfeited.

    I'd like to thank the FPA for forwarding me the info sent in by email and to thank "Mr. Scott" for sending it to the FPA.

    Here's the full press release from the US Justice Department on the sentencing:

    USDOJ: Orlando Man Sentenced To 8 Years For $11 Million Fraud Scheme

    I think this quote sums it up very nicely, "that investments in TIRN would yield exceptionally high returns not achievable anywhere in the legitimate business world."

    Have a nice day!
    (unless you're a scammer)​
     
  4. Albert.b

    Albert.b Sergeant

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    Let us hope that scares the crap out of all scammers!

    It may take a while but the good guys will get you in the end!
     
  5. dkami

    dkami Sergeant

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    O man I do feel for all the people that have been SCAMMED here,I didnt know about this thread and have only just read the hole thing after receiving the email from FPA
    I dont know how you do it Pharaoh but you were right on the ball from your first reply im glad you are one of the good guys,man you do GREAT work on FPA:)
     
    #105 dkami, Jan 25, 2012
    Last edited: Jan 25, 2012
  6. FreddyFX

    FreddyFX Sergeant

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    Pharaoh.

    EXCELLENT JOB !!!!!

    Too many people don't seem to be able to connect the dots.

    And if you don't get scammed by some smartass with forex, it is the American government (read SEC) that steals your money.

    They did it to me, after having been with my bank for more than 30 years.
    There NEVER ever comes a dime out of anything that American lawyers have put their hands on.

    LESSON:
    DO NOT LEAVE LARGE AMOUNT ANYWHERE, except under your mattress, LOL !!

    And stay away from credit cards and more of that poison.
     
    #106 FreddyFX, Jan 25, 2012
    Last edited: Jan 25, 2012
  7. Johnny2pips

    Johnny2pips Sergeant

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    This is a big problem. Some investors in hindsight have a feeling that they are being scammed and all. Then they post good stuff here on these bad guys. Even fabricating good stuff in desperation to save their own a-holes and hoping that it will attract more investors to save themselves and all. Been there. Done that. And all the stuff in between.
    Thanks for the good investigations here.
     
  8. James R

    James R Recruit

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    Well done Pharaoh!

    Pharaoh, please continue to be a voice for the innocent, the gullible and potential/future victims of this world!! No good deed goes unrewarded....sooner or later.
     
  9. PistolDave

    PistolDave Corporal

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    Thanks to Pharaoh for having the patience to keep informing and explaining.

    There seems to be a never-ending demand from people looking for a "get rich quick opportunity" and and equivalent supply of new cons, scams, and frauds designed to satisfy them. I am at the point now where if there is ANY doubt about whether a "deal" is legit or not then I don't even consider risking any money. I don't ever take the promoter's word for anything; I need proof first. I double check everything they claim and if anything doesn't seem honest and straightforward then I don't let go of a cent, regardless of how tempting it may seem. It is easier to lose the opportunity than to lose your hard-earned money.

    Sometimes you read comments from people who are very bitter and condemn the government agencies for seeming to control us and restrict our rights, and I have felt this way too, but without it there would be a free-for-all of con men and scams running wild and totally cheating people at will. I don't like having big brother controlling anything I do, but until everyone wises up and starts using some self control there will be increasing regulation and less freedom of choice for us. I say we should start policing our own backyard so to speak, and do our own due diligence so there won't be so much need for the officials to watch over us. In other words, either take responsibility yourself or someone else will soon be doing it for you. The choice is ours.
     
  10. jlctrades

    jlctrades Recruit

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    wow i live in orlando never heared anything about this until FPA sent me an email lol. Im glad i told my self when i started trading I would not let
    any one invest for me even if it takes me a long time to reach my goal. This forum is the best thanks
     

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