WSD (Wall Street Derivatives) an Unending Scam

Discussion in 'Trading' started by invest_mega, Oct 12, 2010.

  1. I have seen a lot of scam alarms about WSD online and have remained skeptical about this broker and the way it conducted its business. Some of these scam alerts includes:

    • Some of the international group’s alleged money-laundering involving fundraisers for Osama bin Laden’s terror network al Qa’ida.

    • Its ever worrisome involvement with the Patels Group, an Indian based business group owned by Asgar Patel. In this case his son Riaz Patel is WSD NZ’s managing director. Their business model is shown to be crooked and fraudulent.

    • Rial Patels involvement with Dawood Ibrahim, “Dawood Ibrahim heads an organization known as the D-Company which carries out billions of dollars of operations in Mumbai alone,” claims his Wikipedia entry. “He is believed to control much of the hawala system, which is the very commonly used unofficial system for transferring money and remittances outside the view of official agencies.”

    • WSD Financial’s futures license ripped off as seen here:,;s-futures-license-ripped-off-30131217.html.

    Well there’s a lot of conspiracy theory of a possible witch hunting, that is obvious in today’s business worl. What I can’t understand is the number of individuals witch hunting WSD is such as enormous number. I don’t understand how they got to make so many enemies except they are involved in some sort of shady deals.

    I’ll finally wrap my little findings with this; I opened an account with WSD and noticed some issuesabout execution on the platform. I’ve attached a video I made to show this via the link The video clearly shows how fraudulent WSD is. My simple advice is stay away from a broker that has some much shady stuff. It’s a RED FLAG.