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InvestTech FX Senior executives charged by Canadian Police over alleged fraud

Discussion in 'Scam Alerts' started by PipStar, Dec 4, 2013.

  1. PipStar

    PipStar Sergeant

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  2. Pharaoh

    Pharaoh Colonel

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    Woohoo!!! Justice is slow, but it's finally here!
     
  3. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    Words cannot express the gratitude of the FPA to the Royal Canadian Mounted Police for their actions in this case. I'd also like to thank PipStar and Forex Magnates for bringing this to the attention of the FPA.

    Here is the text of the RCMP press release...

    One sentence stands out...

    Investors’ attempts to withdraw their funds were denied by InvestTechFX through allegedly false, misleading and deceitful justifications.

    This activity is what lead to an FPA Scam Finding against InvestTechFx in 2011. It was so bad that InvestTech Fx won the FPA's 2011 Broker Scam of the Year award.

    I'd like to encourage all ITFX victims who haven't already gotten in touch with the RCMP to do so as quickly as possible. You may get some of your money back. Your information may also lead to longer sentences for those behind InvestTechFx's fraud.



    Link to RCMP Press Release

    Discussion Thread for the Scam Finding against InvestTechFx

    FPA Scam Finding against Invest Tech Fx

    InvestTechFx wins FPA 2011 Forex Broker Scam of the Year Award

    FPA Review Page for InvestTechFx.com
     
  4. momen1962

    momen1962 Private, 1st Class

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    that is good news,justice coming
     
  5. Master Yoda

    Master Yoda Captain

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    good news, good job!
     
  6. hifamily

    hifamily Recruit

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    this is a great news but what will happen to investors fund and more also which l think is the most important . l have an idea through which justice can be quickly carry out if it is followed through.
    can FPA forward any broker that is given the scam award to not only forex regulatory body but also to the financial crime unit body where the broker office is located and another mail where the clients are located and advice the clients to do so also but back your mail up with the past scammers which you have unveiled and later on confirmed as scammers by government body . PLEASE don't use email alone but make it in written because written mail are more valued than email.
    NOTE: financial crime unit body usually act on information receive . love to hear your views thanks .
     
  7. nevadaoutlaw

    nevadaoutlaw Private, 1st Class

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    Excellent. Sometimes the long arm of the LAW moves slowly, but usually in the right direction. I think I'll go out tonight and get a cocktail. Or maybe two.
     
  8. Cazzie

    Cazzie Private

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    What goes round, comes round.
    Well done FPA and all Organisations for such persistence in highlighting and bringing down these animals.
    Well done also to everyone who played a part with their correct votes ..Guilty
     
  9. Pharaoh

    Pharaoh Colonel

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    Hifamily,

    If you are robbed, then only you have the right to file a police report. No one else can do it for you. The FPA does everything possible to point people to the correct places to file complaints. The issue is that 9 out of 10 victims who will complain in a forum or review won't bother to file a simple online report at eConsumer.gov or with any other regulator or police agency.

    My suspicion is that this case took even longer to result in charges because the Canadian regulations for forex brokers didn't make it easy for the RCMP to gather evidence. In the USA, a police agency could easily check NFA and CFTC filings for a broker and work with those regulators to investigate anything unusual.
     
  10. Lucy Wang

    Lucy Wang Recruit

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    I was the luckiest one who got the full investment back under the FPA kind helps, and also filed complaint to FBI ( ic3) and RCMP in 2010. Since then, I have not logged in for a long time because of child care reason. Today, I seem to be driven by a hunch to login FPA . When I see this good news, I cried.

    In past three years, I received a lot of email asking how to get their money back, their stories have broke my heart. I hate myself for not able to help them. Finally, Justice coming! I wish everyone can take their money back. Good Luck!

    Thank you FPA ! Thank you Pharaoh !
     
    #10 Lucy Wang, Dec 6, 2013
    Last edited: Dec 6, 2013

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