Problem Scammed by Knight Service Group for US $1.44M

[Mediator]

We are not discussing here whether the activities of the broker are illegal or not.
We already know that the broker is doing illegal stuff and is run by criminals.
The goal in this thread should be to help to identify the true offenders and to encourage the victims to report everything to the authorities.

What is your ultimate goal: to punish the broker or to return the money?

 

[Joerg]

What is your ultimate goal: to punish the broker or to return the money?

Both of course. The broker is not real, it's all fake.
I want to put the crooks who are running this big scam machine into a Chinese prison for many years like I already mentioned before. We will get them.

 

[Mediator]

The US federal government has laws specific to financial licensing, trading and consulting. Each state can also have laws that are above and beyond the federal laws.

Did you mean CFC (FINRA)?

 

[The Punisher]

Did you mean CFC (FINRA)?

All Financial consulting is covered by US Federal Law as well as individual US State Laws dependent upon which state an investor is located in. You cannot provide any type of consultation for financial investments, trading, etc. without following all rules of the NFA, CFTC, FINRA, FDIC, FTC, US Tax Code, etc. and the list goes on and on. There are a lot of restrictions, laws and rules around financial consulting. Above and beyond the Federal Laws, each state has its own set of laws to further regulate financial consulting as well as investments and trading.

 

[Mediator]

All Financial consulting is covered by US Federal Law as well as individual US State Laws dependent upon which state an investor is located in. You cannot provide any type of consultation for financial investments, trading, etc. without following all rules of the NFA, CFTC, FINRA, FDIC, FTC, US Tax Code, etc. and the list goes on and on. There are a lot of restrictions, laws and rules around financial consulting. Above and beyond the Federal Laws, each state has its own set of laws to further regulate financial consulting as well as investments and trading.

But the concept of financial consulting in relation to illegal brokerage activity does not fall under the concepts of financial investment, trading, stocks, retirement, education, insurance, real estate, financial planning.

 

[The Punisher]

But the concept of financial consulting in relation to illegal brokerage activity does not fall under the concepts of financial investment, trading, stocks, retirement, education, insurance, real estate, financial planning.

You asked what the laws are in the US and I have explained. There are many laws and rules for financial consulting only and failure to follow those laws are considered a Felony with severe punishments. The fact that the consulting is related to illegal brokerage activity makes it ten times worse!

 

[Mediator]

You asked what the laws are in the US and I have explained. There are many laws and rules for financial consulting only and failure to follow those laws are considered a Felony with severe punishments. The fact that the consulting is related to illegal brokerage activity makes it ten times worse!

I must learn all the rules on this issue before answering you.

 

[Mediator]

The fact that the consulting is related to illegal brokerage activity makes it ten times worse!

Also this consulting can not be considered legal advice because we are not talking about legal analysis of regulatory legal acts, etc. but about amounts of material damage.

The consulting can not be considered financial expertise because it is not used in courts, etc. as evidence but only in negotiations with brokers.

 

[The Punisher]

Also this consulting can not be considered legal advice because we are not talking about legal analysis of regulatory legal acts, etc. but about amounts of material damage.

The consulting can not be considered financial expertise because it is not used in courts, etc. as evidence but only in negotiations with brokers.

Financial consulting can and has been used in many court cases in the US. Many people have been prosecuted for purposely giving inaccurate and false financial advice to clients. If someone gives financial advice that is related to illegal activity or the financial advice is blatantly wrong then they are liable under US laws. I am uncertain what the laws are in the country where you are a mediator, assuming you are a mediator, however they appear to be vastly different than US laws.

 

[Mediator]

Financial consulting can and has been used in many court cases in the US. Many people have been prosecuted for purposely giving inaccurate and false financial advice to clients. If someone gives financial advice that is related to illegal activity or the financial advice is blatantly wrong then they are liable under US laws. I am uncertain what the laws are in the country where you are a mediator, assuming you are a mediator, however they appear to be vastly different than US laws.

Are there cases when judges decided that financial consulting is not consulting but financial expertise?