Larry Williams arrested in Sydney for tax evasion

Discussion in 'Wall St. News' started by tomhaden, May 22, 2006.

  1. No. I mean verified returns, not merely someone's opinion.

    You didn't have to be a smart aleck about it. It is a natural question, considering that she is one of the most ubiquitous gurus.
     
    #101     May 26, 2006
  2. insight

    insight

    If ever I'm on trial I hope that a jury isn't formed from a random selection of posters on this thread.

    Perhaps an important question to ask about the seminar you paid money to attend is 'Did it motivate me to take action and move me closer towards my goals?' To me this is the most important question.

    I'm a person who feels grateful that I have attended 2 of LW's seminars and read most of his books. I have taken ideas from Larry and adapted them for my own consumption with a lot of success.

    I'm both a full time and profitable trader which I read is not the most common combination out there.
     
    #102     May 27, 2006
  3. Cheese

    Cheese

    Well hell I've never been on the side of self-proclaimed trading gurus selling their puffed up horsesh*t, but if you got the motivation you wanted and you can stand by that person when the finger of accusation is pointed at him or when such a person falls down in life, then you mark yourself out from the many and it says a great deal about your steadfastness.
    :)
     
    #103     May 27, 2006
  4. insight

    insight

    Did I really say all those things?

    To simplify my two main points.

    I found value in LW's TRADING material, still do.

    A lot of people are quick to judge even though all of the facts in this case are far from known.

    Thats all from me!
     
    #104     May 27, 2006
  5. traderix

    traderix

    I am so happy, I said "Good Bye" to the US a long time ago !!
     
    #105     May 27, 2006
  6. Wish the best of lucks to Mr. Williams and I'm confident that he will be able to answer this allegations.

    I'm thankful with him because in his books I've found advice that I've been able to turn into money. Based on ideas that I took from "Secrets of Selecting Stocks..." I've build a swing trading system that works consistently.

    Good Luck for him!
     
    #106     May 27, 2006
  7. Proflogic

    ur allegations against surf r unfunded. did the CFTC mke u xlose your sight? I saw your site you had one. did the sec
    close your site
     
    #107     May 27, 2006
  8. This is what i posted in february:

    According to the website of Logicalmarkets the results for january were as follows:

    Trading e-mini euro, made 4079 pips. At 12.50$ a contract this makes 50,987.50$ PER CONTRACT. For trading 1 contract you need between 500 and 2000 $ margin. Accordingly the return according to the website should be between 10,000 and 3,000 %.

    The RCG statement gives a return of 37%.

    That's "slightly" less than what is told in the fairy tale on the website. To me it confirms that the website is pure fantasy when it comes to returns. The disproportion between fiction and reality is in this case dramatically and tends rather to fraude than to inaccuracy. If someone would ever publish the figures of the website to attrack investors he would be in big trouble with the NFA and the CFTC. To me that explains enough.

    But objectivity forces me to admit that even 37% a month isn't that bad at all.
    --------------------------------------------------------------------------------------------------------------------

    He surely was forced to close it for the public, or he did it because he knew it was illegal.
    Didn't he say he knew a lawyer at the CFTC? Probably the one who called him and warned him to close the website.


    :D :D
     
    #108     May 27, 2006
  9. DblArrow

    DblArrow

    He made the front page of the paper here in Kalispell.

    We all make choices, some educated and some not, he made his and I will bet the truth is in there somewhere.

    I certainly have a certain amount of respect for what he has accomplished and wish for him a successful outcome.

    Chris
     
    #109     May 27, 2006
  10. Pekelo

    Pekelo

    I love Larry and his W% indicator, God bless his soul !!! Never read any of his books, never attended any of his seminars and I don't care if he cheats on his wife, as long as his indicator makes money for me.
    I have 2 different strategies using W%, and thank you very much, I am sending a Christmas card for him if he is still in jail at that time.

    Ponderables:

    1. Since when did we start to be friends with the IRS?? I say, if the government can print as much money as they want, if they can send your son into other countries to die without a reason, if they can check every move you make, the minimum what one can do is to try to avoid taxes.

    2. Him being in jail for taxevasion has nothing to do with his trading abilities or the validity and effectiveness of his books. If you don't care if a footballplayer is gay or cheats at poker, you shouldn't worry about Larry visiting the bighouse...

    3. Thunderfog, your unsustained accusations are getting tiresome, specially after you ran away so shamefully from the previous thread once you were called upon to put up or shut up....

    What did I forget? Oh, I am going on vacation.... :)
     
    #110     May 27, 2006