All the customer's money went to his personal projects/expenditures for 20 years: New headquarters, charities, real estate projects, corporate travels in Italy, "My Verona"... Check his face...Is he not the face of success ? The guy looks like he has a whole life of achievement and honest labor behind him. The psychos are not those you think.
We have nobody who is trustworthy now because essentially the regulators are all asleep or watching porn and the firms are policing themselves. It's a free for all, do what you want, just don't get caught. Just like a 3rd world country. So right now to be successful at trading, firstly you need a viable strategy, secondly you need to pray hard everyday that your money will still be there the next morning..
No difference if the regulators are too lazy to catch the fraud like PFG. He would just fake all the bank statements and the idiots would take it all at face value
IMO the entire system is built on "paper funds" or dollars only shown in accts that are not real. My guess is over 50% of FCM's are at risk due to falsified actual financial holdings. I think exchanges know how bad things are and they are not willing to do anything but cover their ass. I have 20% of the money I used to keep in accts just 2 years ago spread over three FCM's. I trade over leveraged these days and I don't give a Damn, but still making my typical monthly nut. Next play, looking for solid foreign brokers and shifting trading operations out of the US. The "trends" are looking ugly here and I think the worst is yet to come.
Is it possible that this raving maniac -- Bwolinsky -- is rating them well on some services -- TODAY!! SEE BROKER RATINGS FOR PFG!!
that is hilarious! The frequency of this stuff is crazy.. the reality of it is that there is alot more going on then everyone i think realizes!
BlueTurtle ... Can you make an introduction to your Nigerian? My guy has run into a few minor snags -- he assures me they are minor -- yet I have not been able to reach him for a few days. I want to have a backup Nigerian or even have two "my great uncle died and the estate is $13,000.000" deals working at once. Hey $26,000,000 is better than $13,000,000.