Baron needs to be careful because this is an actual legal case that happened and all the court documents are there for anyone to read what happened (not the defendant's recreation). Rather than file a legal appeal they are on a U.S. website looking for support. Unless there is an appeal that was filed that I don't see the record of, the case is closed. According to Bahamian law, an appeal from an interlocutory order, must be filed within 14 days. Unless there is another stay granted by the Supreme court after the December 2017 order or an appeal that was filed by mid-January then this case is closed. It is seemingly negligent to allow this thread to continue giving hope when the court upheld the summary judgement again and no appeal seems pending. Petitions and crying on ET is talking bullshit is not going to change the LAW no matter how many of you are falling for this shit.
Oh and let us not forget this warning from the Bahamian Supreme Court for all you petition signers haha: Also let me tell you it seems unusual the SC will review a right to appeal but still deny a stay of the summary judgement and allow the forecloseure to proceed: Usually the Courts will stay an action pending appeal but in this case they basically told defendants you can try and appeal but we are not stopping the summary judgement or the foreclosure. That is after they reviewed the facts of the case. The Court pretty much makes it clear here...
I think this story is better than Xela. SERIOUSLY.....you guys buy into this ... "It all started with Credit Suisse, Bahamas, back in 2009 (another client of Lennox Paton, dominant law firm, attorneys for UBS), when from February to March 2009 we turned USD $360,000 into USD $1,500,000. We begged them for some teaching, we knew nothing about technical analyses, stop losses, charts. We even did not know the word trader, yes, we reputed ourselves, active investors." "It was 2012. Three years we learned and traded on simulator account, some small accounts with retail brokers, some success and some losses. Most of all building back our psychology of winners and getting knowledge and experience. So, when in 2012 we were approached by George Mailis, a manager of UBS and family friend, who offered us a Real Estate Collateralized Loan (RECL), which was developed by him. " The meaning of this product is that it is a five-year investment agreement and that 50% of the value of the house ... would be given as a loan. In our case, it was USD $ 1,400,000. Half of this amount (25% of the value of the house) would be kept for trading exclusively with UBS" The culmination came on 18 September 2013, when, stressed, we wrongly held a position on the day of the Federal Reserve announcement. Being professionals, we realized our error and called UBS to liquidate our position at 1:58 PM, when the Federal Reserve announcement was at 2 PM. It took them a long time (a few minutes is a long time when you are managing a capital of hundreds of thousands of dollars on actively moving markets), and they liquidated the position at 2:05 PM. So, we advanced UBS a request to refund us USD $125,000, which would be the difference had trade executions been made correctly during August/September 2013. --- where was the $1.4 million they made in 2009 as master traders? -- if the loan was for 50% of the house value and 25% was kept at UBS where is the rest of the money? I think the facts are pretty clear here...
I think you've summed-up the court decision nicely/competently. CSE mentioned somewhere that they "refunded" them 1.4%. I assume that they somehow lost 98.6%.
Be careful now, if you start talking too much sense you'll be labelled a russophobe and the attacks on your character will begin.
We did not lose, we made a gain. It is all explained and will be heard during the trial in 2019. D08 put me on his ignore list. I will not - little noise of this trio can not disrurb me. And his worries has no foundation , they are not saying any sense, only usual lies and inverting reality which is in court documents, while trying to scarry some ignorant ( Baron obviously is not one of them, as many others but they are keeping to tryi) and expecting me to come in. I will not, have no time.for such nonsense, and all his so called findings are already answered in this thread. And it is also in the Book, Proverb 9:7-8 - there is no sense to sing to the deaf. And you, my wellcomed reader, please do your DD, avoid to hide behinds certain generalization, feel free to make clear questions and comments and I will be here to assist the discovery of the truth. I know for the majority losers, especially those on ET, it is very hard to accept the fact that we did not lose, we were profitable. Yes, we entered the five years agreement with UBS for five years and as collateral granted them mortgage on our home. We were treated in an unbelivible way , denied DMA and many other problem. But most of all our trades were executed with huge delays on very liquid markets with our orders rappresenting less then 1% of total volume and when we requested them to refund redicoulous late executions they squizred us. After only one year they pretended the loan to be paid back in full, they refused our propose to gave them all interests prepaid and make available the rest of the capital for our use. They sequestered this capital, they lied to the court that we were in arrears and also went in liquidation in the Bahamas make themselves unavailable in any way to respect five years contract. But those are all facts filled in court documents and will be heard on trial. Credit Suisse was deferent and was no any mortgage, only huge profit eaten almost entirely later by their fees and "brilliant advises", such as in April 2009 " Faz is good for trading in daily basis"?! To do what - it is negative financial ETF, which you can not short, which was going done at high speed. We did not knew anything about TA, stop loss, we discovered charts six months later through my first and always beloved books by Mark Douglas. The rest of our persecution were all acts of extreme illegality, performed by attorneys for both banks, same law firm, former Madoff's office in the Bahamas - Lennox Paton, just google it. The refusal of a stay by single judge, who was later even removed from the panel as we requested, this refusal is only shows how saddly sometimes some of the judges can be based. Even one of my attacker here knows that a stay is very normal practise in this type of litigation. Well, here, with UBS and Credit Suisse only one hope to win through breaking us morally and financially, the stay was denied on hearsay evidence against our regular affidavit and new official appraisal. The followed eviction, with competent appeal lying in the court and waiting for the date, with cross-action to be heard, was an extremely illegal action with only one hope that we will sign to give up. We refused.. The normal honest person with sense of justice would join the case and trying to help. I can not help disperates , those who refusing reality lying about the content of the court documents. Traders, those profitable and real, are also can not stay untouched by our battle, as they already shows! Thank you very much to everyone for your support! Thanks for evwryword of wisdome and care in your PMs. We will win, justice always win, once we can go to the court and present our evidences and law in support. Again - it is for the rights of all traders against white collar crimes hiding behind treviality that most are losers. Well, we were not.
You stopped making the IO payments. You lost a bunch in the gold ETFs (NUGT). Further, you were ordered to pay UBS' costs of the civil appeal to the tune of $39,784.24. And what's with the $19K electricity bill?!
Holy shit what a load of logorrhea....Sorry to burst your bubble but your Privy Decision simply gave you cause to go back to the Supreme Court and ask for a leave to appeal to the Court of Appeals. The SC still said the summary judgement is not stayed and you lost the house. So all you "won" is the right to appeal again but in the meantime the court told you, you still had to get out of the house by Feb 4th earlier this year. Sorry but if your lawyer described this as a victory to you, I can advise you on another malpractice suit you have. I have not seen such ineffectual counsel in quite some time. I challenge ANYONE here to disprove any of the facts I have stated using the REAL LEGAL DOCUMENTS. The only valid argument is to appeal the decision of the court to NOT stay the summary judgement while an appeal was filed. Your lawyer dropped the ball in a major way here. Instead of suing UBS who was within its right to foreclose under a legal mortgage, sue your lawyer for incompetence.