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GUILTY Case# U2011-013 | slier vs gtcapitalinvestments.com/

Discussion in 'Guilty Verdicts' started by slier, Feb 17, 2011.

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

Poll closed Mar 13, 2011.
  1. Guilty

    50 vote(s)
    100.0%
  2. Not Guilty

    0 vote(s)
    0.0%
  1. slier

    slier Recruit

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    Original FPA Traders Court Submission by slier:

    I am submitting the case against: gtcapitalinvestments.com/

    My Case is: Account opened October 2009. Redemption requested 8/30/10 and monies were recieved 9/14/10. Requested second redemption Feb. 01, 2011. Since that time I have called at least 20 times and emailed almost daily and have yet to speak with a company rep. John Davenport did leave me a message 2/3/11, but have not been able to connect to anyone to get my redemption fulfilled.

    New thread in the Scam Alerts Folder:
    www.forexpeacearmy.com/forex-forum/scam-alerts-folder/13881-greentree-redemption-problems.html#post57349

    Review is submitted by chasb and slier on 02/16/11

    The company was first contacted about the issue on 02/01/11, the last contact was on 02/16/11

    Details: 2/3/11 John Davenport returned my call and left a message stating: "Leave me a message telling me when I might call you back." I left him a message giving him a 4 hour window, and I have not heard from him since, although I call at least 1 time daily and leave messages with their off site, out of state answering service.

    I have since noticed their 3 branches (Ca. USA, Canada, London) all use the same phone number and Oregon answereing service.

    Company representatives' emails:
    Bruce Weinstein <brucew@gtcapitalinvestments.com>

    Attached Files:

    1. GTC Equity Statement (Charles Bernhardt) (6).doc

     
  2. vincam

    vincam Sergeant

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    Hello Slier,

    There are lots of complaints about withdrawals from this company, hopefully with all the complaints together we can persuade them to get on it and return some investor's money.

    Am I reading that statement right that the equity is almost $3 million?

    What was your initial investment and how much were you able to withdraw the one time?
     
  3. f-man

    f-man 4Xangels Representative

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    As vincam mentioned, we have seen many complaints recently against this company, so it was just a matter of time, when the first case was going to be filed.

    How was your cooperation with them so far? Did you ever have another problem with them? Not necessarily withdrawal problem, but any other sort of problem. If yes, did they attend to it in a professional manner?

    I have seen that you read and made a post in the thread that traveler started a few weeks ago.

    Pharaoh wrote in that thread:

    Are you in the USA?
    If so, go to the CFTC, NFA, and IC3.gov and file complaints. Don't wait. Do it now.

    Have you talked to a lawyer already about it? With such amount of money, I wouldn't wait another day.

    The moderator will be sending an email to Green Tree Capital for joining this conversation and hopefully they will react and let us know what they have to say from their side.
     
  4. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    I see in another thread that you've been in touch with them since filing the case. Please post an update here.
     
  5. Scr

    Scr Recruit

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    Please use these CFTC and SEC phone numbers when filing

    I posted these numbers before:
    "Call the CFTC: (312)596-0531 and the SEC in LA: (323)965-3592"

    Hopefully this way the cases pile up with the same case workers.

    Good luck!
     
  6. Patrick Richardson

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    Slier abandon his own case?

    So many questions and no response.. did you get your money?
     
  7. Pharaoh

    Pharaoh Colonel

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    I think Slier's been more active in the threads on GTC in the Scam Alerts folder.
     
  8. slier

    slier Recruit

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    Greentree case

    I just found this thread.

    Last statement prior to closing was $2,837,578.72.
    Original investment $545,000.00, withdrawal $150,000.00.

    Cooperation prior to 2011 was fine.

    When I spoke with USCFTC in D.C. (202-418-5000) (866-366-2382) (Charles Rickie), they told me there were already 2 lawyers in Chicago at CFTC working on this case. So there had obviously been several previous complaints from others.

    3/8/2011 Levine told me the Dept. of Justice is working on getting this nto court. He now has all of my information.

    I have not received and money since the Sept. 09 redemption.
     
  9. Pharaoh

    Pharaoh Colonel

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    I'm glad to see that the CFTC is on the case. Encourage anyone else you know who has money with Greentree to contact the CFTC.
     

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