The guy thats been poping ponzis for years. Has everyone hes called out been correct?
Click the Ponzi Scheme tag on this thread (up near the title) and the pharaoh challenge tag if you want to see some of these.
Every one I've ever accused of being a Ponzi or issued a Pharaoh Challenge to has met one of 3 fates:
1. Busted by the authorities while leaving a lot of angry people behind.
2. Disappeared while leaving a lot of angry people behind.
3. Disappeared with no complaints and no fans - these are magically profitable gurus advertising in the FPA's Classified Ads folder. I don't think they ever had any clients to begin with.
Had anyone making Ponzi-like claims been real and met one of my challenges, I'd have endorsed them, invested, and would already be a quadillionairre. Even where I didn't issue a challenge, had any one of them been real, they'd have ended up on the cover of every financial magazine out there and would long ago have topped the list of richest people in the world. So far, none have.
Learn what the obvious warning signs of these type of scams are:
Ponzi Schemes and HYIPS - Free Money Traps
You can also scroll back to the first few pages of this thread and see where I did the math (twice - someone whined that I didn't include Dec's commission, so I used an even lower rate of return in the second calculation) showing Dec's claimed return levels would be impossible. I'm pleased to see some others have also broken out calculators and spreadsheets to show how impossible Dec's claims really are.
What he is saying is that, the police have been involved now and obviously took i4u devices.. would they not of seen by now if he made a trade or not? Cause if he didnt and he was just taking money of people he wouldnt be here right now. So explain this one hoodle and mike.
I believe if you read through my posts, you'll find a perfectly valid possible explanation. A live account trading a fraction of the funds is very common. In all cases I'm aware of, these small accounts are in loss.
Of course, the police will want to verify that everything in the trading records is correct, so will probably have to get a court order to make the broker break its usual privacy rules. They'll also want a forensic accountant to go through any trading records as well as all of the deposits and withdrawals made by Dec's clients line by line. Actual arrests in cases like this often take awhile, but as long as the accounts are frozen (and it looks very much like no one provided any verification they aren't) not too much further financial damage can be inflicted.
Mike fair/Brad marris/up the iron !! serious question what will you do with your life when this is all over ? What did you do with your life before ??
I for one sincerely hope they keep hanging around the FPA. I've been in threads like this where I was one of the very few actively engaging the true believers, fan boys, and shills who were actively trying to defend and recruit more victims. Some of those threads went on for over a year before the authorities shut it down or the company grabbed all the money and vanished.
If getting an FCA warning, having accounts frozen, and being under an active police investigation isn't enough for anyone, I suggest one more simple reality check.
Go to your bank. Ask about a personal loan. Don't mention Dec. Just tell the loan officer at the bank that you want the money because your friends are all in an investment plan that's been averaging 3% per trading day. Ask how big of an unsecured loan you can get and if the loan officer would also like to invest. Please make a video of the reaction.