1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

FOREXGEN.COM SCAM Alert! Broker stole over $160K from our trader!

Discussion in 'Scam Alerts' started by Felix Homogratus, Oct 23, 2007.

  1. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,679
    Likes Received:
    2,229
  2. pedromejor

    pedromejor Recruit

    Joined:
    Jan 9, 2010
    Messages:
    1
    Likes Received:
    0
    hello rob

    Hello friend, Already have they found a solution to recover the money??
    Thank you for his(her,your) attention and I wait for his(her,your) response
     
  3. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,679
    Likes Received:
    2,229
    With a die-hard scam company like this, the best thing to do is warn as many people as possible. Companies like ForexGen need to be driven out of business.
     
  4. Sibali

    Sibali Corporal

    Joined:
    Oct 21, 2009
    Messages:
    109
    Likes Received:
    0
    Well, very sorry to hear that. i say spend 10k more, go to their office and beat the hell out of them.
     
  5. Nmaladi I.I.

    Nmaladi I.I. Recruit

    Joined:
    Apr 11, 2008
    Messages:
    3
    Likes Received:
    0
    I have been defrauded by Forexgen!!!

    Dear Sir,

    I want to solicit for your help on the Subject above.

    I am a Forex Trader, who trade with FOREXGEN broker online.

    Currently, i wired money to my Forex brokers which is FOREXGEN and started trading it and now i heard of the fraudulent activities going on among them and i contacted them to know if it was true but there was no direct statement in regards to that. Here are some of my discussions with one of their Agents:

    "Please wait for a site operator to respond.

    You are now chatting with 'William Rick'

    Your Issue ID for this chat is LTK145019676338X

    William Rick: Hello. How may I assist you?

    Nmaladi: i waited for u concerning my trade

    Nmaladi: but u did not respond again why?

    William Rick: what is your account number?

    Nmaladi: 5015316

    William Rick: hold on please, while I'm checking

    Nmaladi: i am still waiting sir

    William Rick: yes, looking up the issue, please be patient

    Nmaladi: in case u are finding it difficult to trace my case please use this info"Dear Nmaladi, Thank you for contacting us! We have received your inquiry and are assigning it to a representative. You can expect to receive a response from us within one business day. To help track your inquiry we have generated a reference number. Your ticket code is LTK145019414442X. Please use this code in any further communication. ====== Your Inquiry ====== please i will like to know how the change in my lot size came about.I used 80$ and it was changed to 800$ also my stoploss point was changed. "

    William Rick: I had to get help to look at these orders

    William Rick: We can not find anything wrong with the orders

    William Rick: do you use EA in trading?

    Nmaladi: no sir

    William Rick: Very good, then you have made the changes to stop loss or decidning the lot size yourself Sir

    William Rick: No one is allowed or even able to change any order placed by a trader

    William Rick: was this order closed by you?

    Nmaladi: by sl

    Nmaladi: but i did not use 800$, i used 80$ sir

    Nmaladi: wait sir, is it possible for the trade by itself?

    William Rick: this is impossible to be changed after an order is placed

    Nmaladi: alright

    Nmaladi: now wait

    William Rick: please be careful when you place an order, and choose the desired lot size carefully

    Nmaladi: i have to clearifiy so many things today with u

    Nmaladi: presently, i have a very big company wanting me to trade for them and this another trader who also is interested in trading for them

    Nmaladi: so my oponent new that i use forexgen as my broker and he posted this to my client " http://www.forex-trading-domain.com/forex-scams.html" what do have to say concerning this post?

    William Rick: Sir, we are not allowed to comment any internet posting on live chat

    William Rick: but we have to remind you that Forexgen has been on the market for over 8 years, and is serving tens of thousands of clients world wide, many of them are very large clients

    Nmaladi: sir have you checked the post to know what is in it?

    William Rick: the web is full of trash posted by anonymous people

    William Rick: No, we are not alowed to check

    Nmaladi: ok

    William Rick: the cpo,mpany has a legal department who follows up these issues

    William Rick: I have sent the link to our team leader, he will escalate the issue

    Nmaladi: please sir i believe i have the right to ask question concerning you cos i am ur costomer

    Nmaladi: so when we see thing like this we should not close our mouth concerning them cos this is our hard earned money sir

    William Rick: No one blamed you of anything Sir

    Nmaladi: now, my third question sir,

    William Rick: I'm here to assist you on any issue you need help with

    Nmaladi: How can i make withdrawal? cos i tried through my web account and the countries are not showing up

    Nmaladi: any other methods?

    William Rick: yes, send an email to accounting@forexgen.com with your account number and the amount you want to withdraw

    Nmaladi: ok

    Nmaladi: see my friend, the company i want that need my services is a very big company back here in Nigeria so i have to prove to them that i and my brokers are good

    William Rick: Sir, you do not need to have a company back you or anything to get a withdrawal

    William Rick: a withdrawal will be processed as usual for all clients

    Nmaladi: so sir, this is my second account with u but i have not made withdrawal before so i will like to proof to them that both myself and u good

    Nmaladi: get me right, i mean the company that want me to trade for them, not to back me for a withdrawal sir

    William Rick: I understand you very well, and as I told you, all withdrwal requests are treated with repect and urgency, no matter what is the background

    William Rick: your email will be recieved by accountign department, and they will treat it as any other withdrawal they recieve

    William Rick: Any other issue for today?

    Nmaladi: my fort question

    Nmaladi: what does it take to open a coperate acct?

    William Rick: nothing more than a private account

    Nmaladi: is that?

    William Rick: you need to send a document as a prrof of the name of the company

    William Rick: registration document for example

    Nmaladi: ok

    Nmaladi: so u dnt need anything like power of anthony

    Nmaladi: ?

    William Rick: no, if you are the owner of the company, nothing else is needed

    Nmaladi: that is great sir

    William Rick: if another person owns or signs for the company, then you need a POQ

    William Rick: POA

    Nmaladi: ok

    Nmaladi: i am grateful having time with u thanks

    William Rick: You are welcome, have a nice day

    Nmaladi: bye

    William Rick: bye"

    * Since on the 3rd of March 2010 I requested for a Withdrawal from my own Forex Account with my Brokers(FOREXGEN BROKERS) but uptil now they refused to reply me despite the numerous emails i have writen to them.

    For proper investigation(s) please this is their Main Office Address : Tollbugata 17, 0152 Oslo,Norway
    Post Address: Box 778 Sentrum, 0104 Oslo, Norway

    PhoneNumber:+4721563211

    NB

    MY NAME: NMALADI IFEANYICHUKWU ISRAEL

    MY COUNTRY: NIGERIA

    MY ACCOUNT WITH THEM: 5015316

    TOTAL AMOUNT IN MY ACCOUNT: $ 1609.74

    AMOUNT REQUESTED: $1600



    Here is a copy of my request through email:

    "Dear Sir,
    I want to make withdrawal from my Forex Account with you!
    My Name: Nmaladi Ifeanyichukwu Israel
    Account Number:5015316
    I WANT TO WITHDRAW: 1600$

    FUNDS TRANSFER INSTRUCTION FOR TRANSFER OF USD($)

    CORRESPONDENT BANK: CITIBANK, LONDON
    SWIFT CODE: CITIGB2L
    SORT CODE: 185008
    FOR CREDIT OF: GUARANTY TRUST BANK PLC, LAGOS NIGERIA
    SWIFT CODE: GTBINGLA
    ACCOUNT NUMBER: 5511615
    IBAN NUMBER: GB67CITI18500805511615
    FOR FINAL CREDIT OF: NMALADI IFEANYICHUKWU ISRAEL (BENEFICIARY'S NAME)
    BENEFICIARY'S A/C NO: 321-224366-210 (WITH GUARANTY TRUST BANK PLC)
    SENDER'S NAME OR REFERENCE:


    WITH MUCH REGARDS.
    NMALADI IFEANYICHUKWU ISRAEL."



    Sir, I will be very happy if something is done to retrieve my money from these fraud and theft company in London.

    I am ready to provide you with any further informations you need to trap this theft.
     
  6. ernest8fingers

    ernest8fingers Master Sergeant

    Joined:
    Feb 25, 2008
    Messages:
    488
    Likes Received:
    7
    You are screwed! This so called 'Broker' occupies one the top 3 slots for the worst-most crooked-sh_t Broker still in business. I have NEVER come across even one post from a satisfied client. Its actually amazing they can even get new customers. I doubt you EVER see one penny from these thieves. Pharaoh may have some concrete actions you can take - but I wouldnt place much hope on a positive resolution. Good luck though.
     
  7. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,679
    Likes Received:
    2,229
    Keep asking them for your money back. Every now and then they do seem to process the occasional withdrawal to "prove" that they aren't a scam. Kind of like a career burglar pointing to houses he didn't rob to show he's not a criminal.
     
  8. thetruth

    thetruth Recruit

    Joined:
    Jul 3, 2010
    Messages:
    1
    Likes Received:
    0
    Time to stop

    Hi Pharaoh, Fleix & Rob,
    I've been here since a long a time ago.. Doesn't Matter...
    I'm here today to make a waited reply since 3 years ago about the following projects:
    1- ForexGen, SigmaForex, Forex Terminal
    2- Marketing Blogs for the above projects
    3- Other Activities that have been closed
    4- How to get your lost money and who is bastard owner
    I'm collecting all information that I can get and I'm going to publish everything here as it the time to stop what is going bad arround you and me.

    All Question will be answered without any lies, I'm promising all of you that I'm here for your aid

    Thanks, I will keep you posted
     
  9. John Kisaka

    John Kisaka Recruit

    Joined:
    Jan 27, 2012
    Messages:
    2
    Likes Received:
    0
    Am just wondering, did Rashid ever get paid his dough! Did these scums ever get apprehended? They could still stealthfully come back with new identity and continue their devilish ways. Be wise like serpents and gentle like doves when trading forex. I got scammed too.

    JK
     
  10. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,679
    Likes Received:
    2,229
    ForexGen and SigmaForex (very likely the same company) both just fell of the web one day, leaving traders with nothing. Then again, neither of them were very good about paying profits or even initial deposits when they were on the web.

    Very likely, the scumbags behind ForexGen are operating one or more new brokerages under new names. They'll probably pay profits normally at first, then will quietly implement the same psychopathic terms of service that let them provoke a customer to say something in anger and then confiscate the entire account based on "aggressive actions" or some other totally fake excuse.

    This is why you need to watch your brokerage very carefully and be ready to pull out funds at the first signs of trouble.
     

Share This Page