amheinrichs
Private, 1st Class
- Messages
- 48
We opened an account with YouTradeFX in November 2012 with $510,000. Ari Staro was our account manager. We have NEVER traded with them as they were unable to manage our options trade that we were seeking to do, so in January 2013 we requested to have our funds returned to us.
The first thing that happened is that they cancelled the withdrawal request. When I called I was told by Junior Padrao that I had cancelled it myself. When I complained it was revealed that Ari Staro had cancelled it. I sent in a second request for the withdrawal of our funds with a note saying that under no circumstance could this withdrawal be cancelled by Ari Staro. I was contacted by Junior who confirmed that the withdrawal was in process and that it would take 2 days. Then it was early next week. Then we were told there was a banking error by Dave Morris. Then we received an offer to pay us $50,000 every two weeks until we were paid out. (So let me get this straight - you want to take 21 weeks to refund my funds that I have never even traded????) I told them that I intended to report them to the FSA, the FSC the ASIC, the HSBC and the Police.
At this point I get the mysterious phone call from "the owner". Who promises me that despite their banking problems, he is going to make sure that I get my money back, even though he will have to pay me out of his own pocket. He also tells me, that if I report his company to any of the authorities that I will never see my money again, but I have to trust him and he will get me my funds. The next day I received $50,000 from a You Trade (International You Trade Investments MA Ltd.) account in Georgia!
In the meantime, the password to my account was changed and out of nowhere 2 trades magically appeared in my account. Now I actually really don't care about them in the overall scheme of things as the amount totals less than $1000 loss, but I feel it is important to note. When I inquire about these magical trades I was told that we placed them, and that they came from our IP?!?!?!? How very interesting considering that we never had a working platform! I then asked, considering that I didn't open them, but you say I did - who the hell closed them?
Moving on, I kept receiving phone calls from "the owner" - did I mention he refused to give me his name, but kept insisting that I needed to understand how business is done and I should trust him - each time promising me that I would receive my money and that he would send me funds. Over the next couple of weeks I was sent another $40,000 and $50,000. He got VERY upset when he was called by the HSBC about the fax they had received from me regarding the breach of trust with their client and again, told me that if I did not send another fax to the HSBC saying that everything was looked after, I would never receive my money. I did send a fax (which I later followed up with telling them what had happened) and I have not seen a payment since.
After I sent the fax he called me and organized with me that he would pay out the remainder of the $370,000 he owed me over 7 payments over 7 weeks. The first payment was to arrive on Mar 1. In my online account there is a withdrawal of $52753.00 on March 1. Those funds were never sent to me. I got a call from Dave Morris two business days later who let me know that there was a problem with their Credit Suisse account and that it was being resolved. He confirmed that there was to be another payment that friday as well.
This was basically the last I ever heard from them. I have emailed Micheal, who responded to my email asking how he could help and when I emailed him back asking about my money he went completely quiet. We receive no communication at all from them. They will not take our calls or respond to emails.
So where we are today is that YouTradeFX owes us $370,000 and they will not speak to us. At no time have they denied owing us the funds but they will not communicate with us at all nor are they returning our funds. In our minds this whole organization is set up specifically for fraudulent activity and we are victims of a very nasty crime. Every one of them deserves to be in jail - the "owner" - who at one point said his name was "Scott", but I suspect that is an anglicized version of an Isreali name based on all the ownership information I can find for the various YouTradeFX companies, Dave Morris, Junior Padrao, Ari Staro, Olga Douglas, Michael Mimouni - the whole lot of them. I would love to discover that I am simply an administrative error that can magically resolve itself, but right now it sure doesn't look that way!!!
The first thing that happened is that they cancelled the withdrawal request. When I called I was told by Junior Padrao that I had cancelled it myself. When I complained it was revealed that Ari Staro had cancelled it. I sent in a second request for the withdrawal of our funds with a note saying that under no circumstance could this withdrawal be cancelled by Ari Staro. I was contacted by Junior who confirmed that the withdrawal was in process and that it would take 2 days. Then it was early next week. Then we were told there was a banking error by Dave Morris. Then we received an offer to pay us $50,000 every two weeks until we were paid out. (So let me get this straight - you want to take 21 weeks to refund my funds that I have never even traded????) I told them that I intended to report them to the FSA, the FSC the ASIC, the HSBC and the Police.
At this point I get the mysterious phone call from "the owner". Who promises me that despite their banking problems, he is going to make sure that I get my money back, even though he will have to pay me out of his own pocket. He also tells me, that if I report his company to any of the authorities that I will never see my money again, but I have to trust him and he will get me my funds. The next day I received $50,000 from a You Trade (International You Trade Investments MA Ltd.) account in Georgia!
In the meantime, the password to my account was changed and out of nowhere 2 trades magically appeared in my account. Now I actually really don't care about them in the overall scheme of things as the amount totals less than $1000 loss, but I feel it is important to note. When I inquire about these magical trades I was told that we placed them, and that they came from our IP?!?!?!? How very interesting considering that we never had a working platform! I then asked, considering that I didn't open them, but you say I did - who the hell closed them?
Moving on, I kept receiving phone calls from "the owner" - did I mention he refused to give me his name, but kept insisting that I needed to understand how business is done and I should trust him - each time promising me that I would receive my money and that he would send me funds. Over the next couple of weeks I was sent another $40,000 and $50,000. He got VERY upset when he was called by the HSBC about the fax they had received from me regarding the breach of trust with their client and again, told me that if I did not send another fax to the HSBC saying that everything was looked after, I would never receive my money. I did send a fax (which I later followed up with telling them what had happened) and I have not seen a payment since.
After I sent the fax he called me and organized with me that he would pay out the remainder of the $370,000 he owed me over 7 payments over 7 weeks. The first payment was to arrive on Mar 1. In my online account there is a withdrawal of $52753.00 on March 1. Those funds were never sent to me. I got a call from Dave Morris two business days later who let me know that there was a problem with their Credit Suisse account and that it was being resolved. He confirmed that there was to be another payment that friday as well.
This was basically the last I ever heard from them. I have emailed Micheal, who responded to my email asking how he could help and when I emailed him back asking about my money he went completely quiet. We receive no communication at all from them. They will not take our calls or respond to emails.
So where we are today is that YouTradeFX owes us $370,000 and they will not speak to us. At no time have they denied owing us the funds but they will not communicate with us at all nor are they returning our funds. In our minds this whole organization is set up specifically for fraudulent activity and we are victims of a very nasty crime. Every one of them deserves to be in jail - the "owner" - who at one point said his name was "Scott", but I suspect that is an anglicized version of an Isreali name based on all the ownership information I can find for the various YouTradeFX companies, Dave Morris, Junior Padrao, Ari Staro, Olga Douglas, Michael Mimouni - the whole lot of them. I would love to discover that I am simply an administrative error that can magically resolve itself, but right now it sure doesn't look that way!!!
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