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GUILTY Case# 2011-005 | Adnan Khayyat vs www.cayacapital.com

Discussion in 'Guilty Verdicts' started by Adnan Khayyat, Feb 1, 2011.

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Based on the available evidence, do you believe that CayaCapital is guilty?

Poll closed Mar 13, 2011.
  1. Guilty

    92 vote(s)
    98.9%
  2. Not Guilty

    1 vote(s)
    1.1%
  1. Adnan Khayyat

    Adnan Khayyat Private

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    Original FPA Traders Court Submission by Adnan Khayyat:

    I am submitting the case against: www.cayacapital.com

    My Case is: --------

    Hello Sir

    I'm trading with caya since about a year, I was trading small mounts, deposit and withdraw around 2000 to 4000USD.

    In the 8th of January 2011, my account reached 20,000USD, and I asked to withdraw 17,000 , they didnt send anything and they kept telling me there's no problem ,its just a matter of time

    Today (1/Feb/2011), I called them and they told me that they will not send me my money and they closed my account , and their silly reason was that they didnt clear my trades , thats why they dont have money to pay me my profits.

    What a silly thing to say , after around a month they remembered that they didnt clear trades ,, its obvious that they are thieves and they just dont want to pay money for people who make profits.

    I wish I can find a way to get my money back or otherwise I'll keep talking about my case until someone can do some legally action against them.

    I wish you issue my case against them.

    Regards

    Adnan Khayyat

    New thread in the Scam Alerts Folder:
    www.forexpeacearmy.com/forex-forum/scam-alerts-folder/13661-caya-scammer.html#post56137

    Review is submitted by Adnan Khayyat on 02/01/11

    The company was first contacted about the issue on 01/14/11, the last contact was on 02/01/11

    Details: * We promise to send your money and its a matter of time
    * The controller missed the wiring because of US market holidays
    * Missing connection between the controllers in the company (CAYA)
    * Dealing desk is checking your trades and there are five dealers that always check accounts , and your account is clear and will transfer your money within one day.

    And their last reply was today (1st of Feb. 2011):
    * We did clear your trades that made the profits and so we cant send you your profits, your account is closed

    Company representatives' emails:
    Jad Hassouna <hassounajad@cayabank.com>
    Mohammad Omari <cs@caya.com>

    Attached Files:

    1. Adnan Mutei Account Statement-until 07-01.htm

     
  2. Pharaoh

    Pharaoh Colonel

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    Looks like most of your trades are straddles. Is it news trading? If so, do they have anything in their TOS against News Trading? (go ahead and get screenshots now if not).

    Didn't clear your trades - sounds like a direct admission to being a bucket shop.
     
  3. vincam

    vincam Sergeant

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    You were able to withdraw some profits? I hope at least you got your initial deposit out before they cut you off.

    That's all they said? Your trades weren't cleared, account closed?

    I'm with Pharaoh, do they have restrictions on straddling or news trading?

    A better explanation by them of why your trades were canceled would surely be in order.
     
  4. f-man

    f-man 4Xangels Representative

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    Looking at all the other reviews submitted for this Broker, it seems to be the standard service "No profitable traders allowed"

    I hope you got at least your initial capital out.

    But I am not sure about one thing.

    You mention that I called them and they told me that they will not send me my money and they closed my account , and their silly reason was that they didnt clear my trades

    and below you are writing

    And their last reply was today (1st of Feb. 2011): * We did clear your trades that made the profits and so we cant send you your profits, your account is closed


    Could you please clear that for me?
     
  5. Adnan Khayyat

    Adnan Khayyat Private

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    Sorry, I mean they said " we didnt clear your trades .... "
     
  6. Adnan Khayyat

    Adnan Khayyat Private

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    There's nothing says that trading on news is not allowed , and before this case happened , I asked them if they have problem trading like this and they told me " no problem at all "

    Now they just told me " we didnt clear them "
     
  7. Adnan Khayyat

    Adnan Khayyat Private

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    I got my initial capital out , thats the good thing , and before this case , i made some withdrawals normally , and they kept telling me no problem with your trades ,, until that day came when the account became 20k ...

    no explanation except " we didnt clear them "
     
  8. vincam

    vincam Sergeant

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    Sounds like we need to send out an invite to see if you can get an explanation of why your trades were not "cleared"
     
  9. f-man

    f-man 4Xangels Representative

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    I totally agree with vincam.
    According to all what we heard from Adnan, Caya denies to pay him the money he has in his account.
    We need to hear what Caya has to say about it.
     
  10. Adnan Khayyat

    Adnan Khayyat Private

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    Thats what I mostly want .. I wish we can bring in someone from their company and see what will he say about this

    Previous trades also were the same , and they kept telling me that its ok and no problem with your trading style , until that day came .

    If there's anyway to bring them talking about their reasons it'll be very good

    But would they come and talk about it ?
     

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