Is Your Trading Room (YTR) GPT program a ponzi scheme?

[Globalfx]

LMAO!



Anything showing where the money went would be interesting.



I'll wager that Lynne will be back in a day or so. She's probably busy emailing copies of that org chart to every YTR client that she's got an address for.

I'm sure that there are still some clients sitting in the corner saying "It can't be true. The presentations were SO convincing. If only people would stop exposing bad info, it will all get better." Some people will cling to any shred of hope that they haven't been ripped off.

I don't really think YTR was set up as a scam, there was real intent to produce a global forex presence.

The problem was in the immediate hyper growth execution model, which required enormous amounts of selling to members, distributors and investors to cover overhead and expansion.

There was no real steady grass roots growth from a solid core, it was spontaneous and excessive corporate structure; Why did they pay all those suit's salaries and those distributors percents?

Its a web based business, not a brick and mortar hamburger joint, get with the times, its digital....... not analogue boys and girls.

Its streamlined direct marketing , cut the over head , sell at a discount and reach a broader audience then expand; not the other way around where you need to come up with newer higher priced programs to cover your over head losses.

Initially there was some really good people with YTR, very honest, hard working, but they splintered off to do their own thing.

Maybe its time to check them out see if their values are intact and not corrupted by "the quick" mentality.

 

[Pharaoh]

Many scams do start off with the best of intentions, but that doesn't absolve them of their later misdeeds.

Is a company planned as a scam better or worse than a company planned honestly that later turns bad would be a very interesting philosophical debate that I'd be happy to be part of, but I think that topic deserves it's own discussion thread somewhere else in the forum.

 

[Globalfx]

The Splinter Group..... befor the fall.

Org Structure as of 2010

View attachment 5098

Who said Mr. Freeman wasn't involved in the business?

That's mid life YTR,

back when Mr. Ian Spurle was CEO. Hey, Now he's even got his own Fx Prop shop:

http://http://www.fxproppartners.com.au/about/ceo-welcome.html

he's also using, YTR's old Director of Education, Mr. Alan Vertue's Odyssey Method, which sounds like an epic drama...and aptly typifies most trading careers.

Alan's has a site too, it looks like Ian's, (they're partners(wink), its a little glittzy or maybe a bit pimp-ish... with all the black and gold,

But probably a hit with the night clubbing jet $etter$, after all its all about audience branding:

Vertue Trading

Ian also employs Mr. Adam White and his Master Trader Method, YTR 's then Executive Global Moderator, YTR was always big with titles.

But Adam's low key, no site and not linked-in to any one directly or openly ( except on Spurle's Site):

FX Prop Partners


So since he's a bit underground or undercover, and contrary to common belief, that makes him quite open and honest, as I believe these other gentlemen are as well, hence the use of "Mr" in their reference titles.

However the use of MT4 for prop applications is cheezey , if not altogether suspect.

I next must wonder how many YTRers Jumped ship with Adam, he was casually, despite the lofty YTR title, the biggest trade scorer for YTR.

The other moderators where mere chippers

Loosing a human resource asset of that caliber could definitely leave a big hole, in head, if not pocket.

 

[Globalfx]

Seems there's Exodus

Many scams do start off with the best of intentions, but that doesn't absolve them of their later misdeeds.

Is a company planned as a scam better or worse than a company planned honestly that later turns bad would be a very interesting philosophical debate that I'd be happy to be part of, but I think that topic deserves it's own discussion thread somewhere else in the forum.

Copy that.

And we're vigilante of spin off, and morphing and suspect of that which rises from the ashes, as are others, who have been burned.

FX PRop PArtners - formerly YTR a FRAUD

 

[The_Informant1]

I find to believe that management didn't know anything about the dodgy business YTR was into.

No superannuation to employees? And just close the company like that?

You'd have to be dumb to be a manager and not see what's happening.

 

[Globalfx]

Whhhhhat no pension bene's

I find to believe that management didn't know anything about the dodgy business YTR was into.

No superannuation to employees? And just close the company like that?

You'd have to be dumb to be a manager and not see what's happening.

Sheese.... if they didn't get paid ...doubt they'd get anything on the back end as a retirement plan, that requires planning into the future.

 

[Globalfx]

So you want to get "Prop"-ed up?

Here's the FX Prop Partners Structure:

http://http://www.fxproppartners.com.au/about/the-team.html

All former YTR Staff:



The CEO, Ian Spurle, is also CEO of the "acting Brokerage (wink)" Star Financial Markets:

http://http://www.starfinancialmarkets.com.au/

Which provides their own "Star MT4" and also supposedly "clears" for Fx Prop.

However, Star Financial is just a "client account" of AxiCorp:

http://http://www.starfinancialmarkets.com.au/how-to-fund.html

AxiCorp Financial Service: Australian Regulated Forex Broker. Forex Trading Services.

And they are notorious for slippage galore.

So if you get spread on Star MT4 and then slipped by AxiCorp, you're actually getting Axed and not Propped up.

[URL="]http://[/URL]

 

[Globalfx]

How about a lil spending money? Anyone

Just listen to the last 30 seconds for the $ummation:

http://http://www.prweb.com/releases/2011/10/prweb8893302.htm

"We have discussed our model w some of the largest brokers firms in the country and they immediately understand the value proposition.

We are doing a single 10M dollar financing round."

........So all you need is a measly 10M?

"We will get to profitability quickly, because we are not a start up, all the heavy lifting has been done and we are already generating millions of dollars in revenue."

........So you need a quick 10M, because you are already generating millions, and more is better and needed for?

"This financing will primarily be used for marketing and getting our brand known around the world."

After 4 years in existence, and no presence at any forex trade show, you're finally looking to advertise?

"Our revenue model is clear cut and our exit strategy is well formulated."

........Is this a euphemism for Take the $ and Run? Where are you exiting to? Panama?

 

[The_Informant1]

What a bunch of BS...

 

[athenafx]

This story is absolutely amazing.

It looks like the main responsible can do it again and again.