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CoreECN.com uses legal threats to try to hide its connection to InovaTrade.com

Discussion in 'Scoundrels' started by AsstModerator, Feb 2, 2012.

  1. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

    Dec 11, 2007
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    I usually try to be a nice person. I try to give people a chance to work things out peacefully. I'm sick of people who think that they can control information that's posted in the forums and reviews by using legal threats. In this case, there's plain evidence showing that the threat was made to hide facts. Can someone who does that be called a Scoundrel? I think so.

    This came in from Core ECN...

    It wasn't a direct legal threat. The mention of legal departments was enough to get me to start doing some research first.

    From the context of the reviews around it, Jill's review appeared to be referring to Michael Alcocer, who is mentioned as the CEO of InovaTrade in another review. I did some more digging and went ahead and asked Alexander a question...

    Alexander replied...

    Current Whois records for both InovaTrade.com and CoreECN.com show both are registered through Identity Protect Limited. Historical records show that InovaTrade's registration was associated with Michael Alcocer in the spring of 2011.

    Historical whois records also show that CoreECN,com was first registered in July 2011. Before the registration was made private, it belonged to Michael Alcocer.

    Being a very nice guy, I decided to give Alexander a reasonable chance to explain. I wrote...

    I also emailed Michael Alcocer at an InovaTrade address he used to communicate with the FPA over a review issue. I asked for him to tell me if he was involved with Core ECN or not. He didn't reply.

    Alexander did reply. He said...

    I decided to give him one last chance. I didn't want to tell him exactly what information I had. I've seen too many companies suddenly "remember some minor detail" when confronted with proof that the official story is untrue. I wrote...

    He decided to play the legal card...

    It makes me sick to my stomach that some people think all they have to do is say "lawyer" and all bad information about them will magically disappear. It makes me furious when I have proof that what these people want erased is provably true.

    FPA policy does require me to give fair warning...

    And he replied...

    If he's dropped the threat, I'd have told him that deception is not going to help the image of his company or of forex. I could have explained how honesty and transparency are the path to gaining client trust instead of using legal bully tactics to try to hide true information about his company. With the legal threat in place, I replied...

    The 72 hours is long up. Per FPA policy, I'm publicizing the threat. I don't know how much involvement Michael Alcocer of InovaTrade has with Core ECN. The fact that Michael Alcocer is the one who registered the CoreECN.com domain name about half a year ago is all the proof I need to convince me that there is at least some link. It looks like Lawrence is misleading me by claiming that there is absolutely no link and is trying to use legal threats hide facts from traders.

    What makes this a little more interesting is that I went ahead and listed CoreECN in the FPA's reviews last week. The website wasn't even fully functional yet. As I'm writing this, the website is down. I can't tell if there's a webmaster doing work on it or if it's being abandoned in favor of a new website not so easily linked to InovaTrade.

    Inova Trade review page - see the review from Jill on 2011-11-14

    Core ECN review page
  2. Atar314

    Atar314 Recruit

    Dec 10, 2011
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    super action

    I want to Thank You for showing us Your courage in case of "legal threat" which scares a lot MANY people.
    I know many people which paid after FAKE legal threat they got for DOING NOTHING.

    Keep doing what You do !
  3. extremerrage

    extremerrage Recruit

    Apr 11, 2011
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    hola hola well done , and if u need some gangsters am availible ..ciao ciao
  4. cokemon

    cokemon Private

    Oct 3, 2007
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    Given the fact that most bogus brokers (like the one mentioned here or those in Trader's Court) are either unregulated or regulated in some lax jurisdiction (offshore). Wouldn't it be more prudent for the FPA, if it began giving MORE importance to broker regulation. I would not hesitate to say that brokers who are handling third party's hard earned cash should be made accountable, and this cannot be better served than by adhering to strict regulation.

    I think the FPA community would find it comforting if, on your Broker Review page, you could have space for regulator/s. This would drive home a message that broker excellence is best achieved if it allowed itself to be scrutinized by a regulator.
  5. RahmanSL

    RahmanSL Major

    Jan 16, 2010
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    Does that pea brain Alexander Lawrence realize the significance and intricacies involved in international legal lawsuits???
    And they want FPA's to "please provide the legal name of your company and contact information, and the name and contact information of your legal representative."......Well, at least they were polite about it and did wrote "please" :p

    I wonder whether his idea of "taking legal action" means going to their local police station and making a report against the FPA and then expect the local police to go arrest the CEO of the FPA. Real pea brain!
  6. Howard G.

    Howard G. Private

    Mar 9, 2011
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    Bravo! I appreciate the extent you have gone to, to help us and all of our members see the legitimacy of your reports. It lends great credibility to you and to this website. And thanks for not backing down "while under legal threat." Otherwise, any scammer could simply threaten you, and continue to "scam" us with no recourse. Again, bravo! All the best, Howard :cool:.
  7. onewithzachy

    onewithzachy Private, 1st Class

    Jun 18, 2008
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    So why don't you sue FPA ?, Oh right, you have no fact to sue FPA.
    Here @ FPA we're just bunch of good people sharing good thing. Oh right, you're only good to yourself and not to the other, and you scare that we may expose the real you.
  8. mukrin

    mukrin Recruit

    Feb 11, 2011
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    well done FPA.. I am using your site for past 1 year and u also know that.. appreciate ur bravo act.. we always with u..
  9. Jyotiprakash Pal

    Jyotiprakash Pal Sergeant

    Jul 5, 2010
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    :) bravo!!!! happy i am part of this community ... ! lets teach them some lesson
  10. FreddyFX

    FreddyFX Sergeant

    Oct 3, 2007
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    from Puerto Vallarta - Mexico

    Hi Bill.

    Having lived most of my life in the Netherlands Antilles, I had numerous cases where American visitors would threaten with their lawyers when they could not win a case of causing damage to my rental cars and getting billed on their credit card for it.

    Funny part is, ONLY in the freaking USA the society thrives on these sort of behaviors, as in the normal world one would need to file a case at the court and a judge would evaluate if it is a valid claim or not before wasting the courts time on the issue.

    As you most probably know, most suits in the USA do not even get in front of a judge, as there is more money to be made settling outside of court. Suppose one was wrong and the judge would fine the agressor, lol.

    Thanks for doing a GREAT job. :)

    One day would like to shake your hand. :cool:


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