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    Forums ›› Trading for a Living ›› Career Trader ›› **avoid Element Trading & Charlie Vaccaro**  


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Jerry B
 

Registered: Dec 2011
Posts: 30

 

02-21-12 05:23 PM

As they are currently in theft of traders funds!! I and other traders have been trying to get our money returned for 9 weeks now. They DO NOT answer the phone, they DO NOT reply to emails or texts. I closed my account and have not heard from them since. The firm and people who work there are frauds. Don't take my word for it, go ahead and Google Vaccaro, followed by the word, scam.....and see for yourself.
This a warning to my fellow traders and anyone else who comes across this deceitful person/company. To make matters worse, Vaccaro lives in a $2 million home in Port Washington, NY.
Hopefully justice will be served very soon....if you too have been scammed by this horrible company, please contact the Fraud Division of the District Atty. 212-335-8900....ask for Michelle. Or if you'd rather, contact the SEC, ask for Michael Horowitz @ 202-551-4790. You can also contact FINRA at 240-386-5536, ask for Brian. Contact with the FBI NY office has also been made, ask for special fraud investigations, # 212-384-1000. The FBI also has a terrific website to submit a white-collar crime report. Here is the link, https://tips.fbi.gov/

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operator
 

Registered: Mar 2008
Posts: 494

 

02-21-12 05:46 PM

[QUOTE]Quote from Jerry B:

Vaccaro lives in a $2 million home in Port Washington, NY. [QUOTE]

At least you know where your money has gone...

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Jerry B
 

Registered: Dec 2011
Posts: 30

 

02-21-12 06:38 PM

Well I'm hoping, along with about 40-50 other traders, that we do indeed get our trading funds returned. How someone like Vaccaro can expect to get away with this is beyond me. He is a thief, plain & simple.

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nazzdack
 

Registered: Jul 2004
Posts: 8448

 

02-22-12 02:52 AM


Quote from Jerry B:
----lives in a $2 million home....
----Port Washington, NY.
----Hopefully, justice will be served very soon....


1) How much would that be in "Chicago dollars"?
2) Would you be willing to administer "frontier justice"?

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user13524
 

Registered: Mar 2010
Posts: 4

 

02-22-12 03:06 AM

The SEC didn't seem too interested in punishing Vaccaro or his old partner Oliver Velez. Sometimes you have to take matters into your own hands.

www.olivervelezrefund.com

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Jerry B
 

Registered: Dec 2011
Posts: 30

 

02-22-12 03:11 AM

Thanks for your reply. Actually this time around, Vaccaro has gotten on the radar of the NY District Attorney's office. FINRA, SEC, as well as the FBI have also taken an interest.
Vaccaro & Element have hurt a lot of people, over 50 traders have come forward with claims of money being owed to them by Vaccaro.

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