Larry Williams Million Dollar Challenge

Discussion in 'Index Futures' started by clarodina, Feb 19, 2008.

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  1. #111     Aug 29, 2009
  2. larrywms

    larrywms

    all that took place 22 years ago...i don't recall it, have it nor do i dwell on it..as you dwell on me ;-)

    here's my email address...forward all you have and i will reply.

    fair enough?

    Oh by the way then we can set up a tradeout since you continue to doubt my abilites to trade.

    larry

    larry@ireallytrade.com
     
    #112     Aug 29, 2009
  3. #113     Aug 29, 2009
  4. And here is Thunderdog's reponse:

    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/NIklY_eIHdQ&hl=en&fs=1&rel=0&color1=0xe1600f&color2=0xfebd01"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/NIklY_eIHdQ&hl=en&fs=1&rel=0&color1=0xe1600f&color2=0xfebd01" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
     
    #114     Aug 29, 2009
  5. Pekelo

    Pekelo

    Larry, the best advice you got in this thread was still this: :)

    Anytime when Ayn Rand or you come up as topics, he just can't help himself...We have ben through this several times already.

    What did you think of the strategy I PMed you? Pretty simply, isn't it?
     
    #115     Aug 29, 2009
  6. Dog has never risked in his life. He us likely an accountant or some kind of bean counter who works in a cubicle. He hates all who risk and win
     
    #116     Aug 29, 2009
  7. Also from his website on march 2006 :


    "He is the most highly regarded and well known short term trader in the world. No other trader is as accomplished as Larry Williams."


    LW seems to be a very modest trader, a quality of a good trader ?

    How does that match with the following ?



    NFA fines Larry Williams for not reporting to potential clients that, while his personal account in a promotional 1987 contest was very profitable ( a gain of + $902,599 ), his managed accounts for clients lost substantial funds ( - $6,122,281 ). This constituted DECEPTIVE and unbalanced promotional material and disclosure statements.

    The 1988 fund lost more than 50% of its clients’ equity in barely one year, as reported in the October 1989 issue of Futures magazine

    In March 1989 the World Cup Championship Fund is started, managed by Larry Williams, Jake Bernstein and two others.
    The 1989 fund also lost more than half of its original equity by May 1990.




    Mr. Williams,




    You have 45 years trading experience, where is your 45 year long TRACK RECORD ?


    1965 ? %
    1966 ? %
    .
    .
    .
    .
    .

    .
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    .
    .
    .
    .
    .
    .
    2008 ? %
     
    #117     Aug 29, 2009
  8. Is this the same person?

    Maybe he is the greatest trader ever, but I would not get into the proverbial bed with someone that breaks the laws of our great country.



    -------------------


    An American futures trading guru and promotional speaker who promises to show people how to 'beat the share market'' has been arrested in Sydney for alleged tax evasion.

    Larry Richard Williams, 64, had just arrived on a Qantas flight from South Africa on Saturday when he was escorted from Sydney Airport by Australian Federal Police.

    The US Internal Revenue Service is seeking his extradition for $US1.5 million ($A1.99 million) in alleged tax evasion between 1999 and 2001.

    The Virgin Islands resident is alleged to have 'wilfully and affirmatively'' attempted to evade paying taxes on royalties from his 10 books and earnings from the international speaking circuit.

    Williams, who has twice run for the US Senate in the state of Montana, boasts he is 'the only futures trader in the world to repeatedly trade $1 million of his own money live at seminars around the globe''.

    He has written 10 books - nine on futures and stock trading and one on the true whereabouts of Mount Sinai.

    He was due to begin a month-long speaking tour of New Zealand and Australia in Wellington today, and had flown into Sydney at the weekend to fulfil media commitments.

    But instead he appeared today before Central Local Court, where defence lawyer Chris Watson described Williams as a well-known business identity who drew audiences of thousands to his workshops.

    'He came to Australia for the purpose of being interviewed by the Australian Financial Review, and he certainly hasn't been making any secret of his whereabouts,'' Mr Watson said.

    In the past few months, Williams had conducted seminars in Germany, India, South Africa and, most recently, Italy, where he addressed 3,000 people in three days.

    Promoter David Hunt, whose company Adest was sponsoring Williams' tour, said he had taken $175,000 in deposits from seminar-goers from Hong Kong, Singapore, the US, Canada, Japan and Australia.

    Mr Hunt told the court he was already $53,000 out of pocket, and that would balloon to $99,000 if Williams could not meet his speaking engagements.

    He offered $100,000 in bail and said Williams' partner, Louise Stapleton, could also offer a substantial security.

    Mr Watson said Williams' US lawyers had been in discussions and negotiations with the IRS over the issue for more than a year, and his Sydney arrest had come as a surprise.

    ''(His US lawyers) are of the view that Mr Williams was the victim of bad advice,'' he said.

    'There's certainly no suggestion of anything untoward.''

    Mr Watson urged Magistrate Allan Moore to grant Williams bail so that he may meet his speaking commitments while the US considered extradition action.

    The commonwealth opposed bail on the grounds Williams was a flight risk, with many associations in overseas jurisdictions.

    Mr Moore indicated he was disposed to grant bail, but stood the matter over until tomorrow to allow further evidence to be gathered from US authorities.
    AAP
     
    #118     Aug 29, 2009
  9. Pekelo

    Pekelo

    I apologize for slightly editing your quote... :)

    ...but I am making a point here....

    [​IMG]

    He could have been somebody if it wasn't for his drug habits....
     
    #119     Aug 29, 2009



  10. Where do you get your $6,500 ?


    The only thing I found was $13,000 ....


    [​IMG]


    http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0002738&case=88BCC00035&contrib=NFA



    Why do you compare yourself with a broker ?!


    It is not about the numbers and/or the size of a fine but the specific reason for that fine , your deceptive practices indicate a lack of integrity


    A trader with integrity talks about ALL his trades : the good, the bad and the ugly
     
    #120     Aug 29, 2009
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