Luis H. Revis (The Forex Project)
Update
There is a new post from the Better Business Bureau.
News Archive
The Forex Project – Luis H. Revis
5/30/2008
The Better Business Bureau is receiving numerous inquiries regarding a business operating under The Forex Project and Luis H. Revis. The Chattanoogan.com reported on May 23, 2008 that an involuntary Chapter 7 bankruptcy case had been filed against Mr. Revis and his Forex Project.
The BBB advises anyone who may have invested in the Forex Project to contact their attorney for advice on what action they may need to take in an effort to recover their money. The investor is also advised to provide their name and information to FBI agent Jim Lannamann at 864-948-1497.
The Forex Project invested in foreign currency exchange trading. This type investment is a high risk model of trading opportunities. The Better Business Bureau offers the following warning signs of fraud to those who are considering foreign investment opportunities also know as forex trading.
"Too Good To Be True" claims. Quick and high interest returns on an investment is a red flag.
Offers that predicts or guarantees lafge profits.
Offers that promise little or no risk.
Pressure to invest funds that you cannot afford to lose.
Pressure to use home equity funds is an example.
Unwillingness to provide a performance record.
Relunctance to provide credentials or background information.
Jim Winsett, President of the BBB serving Southeast Tennessee and Northwest Georgia advises that prior to purchasing a forex investment, check whether the company is registered with the Commodity Futures Trading Commission, (
U.S. Commodity Futures Trading Commission) or is a member of the National Futures Association (
www.nfa.org). You may contact the BBB at 423-266-0396.
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PLEASE NOTICE THE TWO PHONE NUMBERS, ESPECIALLY THE FBI AGENT TO CONTACT.
