Hello All
Yes, I too have apparently been scammed by Mr. Senen Pousa. I really did want to believe that he wants to change the financial world and the domination by a few, but his actions definitely make me think he just wants to be the dominator.
My circumstances are slightly different.
1. I am not an EVG member, but was “alerted to this opportunity” from a Mike Dillard email.
2. I have disputed my c/c charge, as I was one of the lucky ones to be able to put it on a c/c. I am awaiting the outcome. Didn’t help with the 63% though……
3. Having traded Forex before personally, I was well aware that very large account changes could happen – both directions - so was not alarmed at the returns based on the “strategy” of traders watching around the clock. (I personally hate sitting at a computer and day trading, so I don’t do it even though I have been relatively successful when I have traded).
4. I did not find this forum when I did due diligence before the EVG Webinar and during the Webinar as it was not up yet. The internet didn’t turn up much on Senen and since I like to keep a very low profile, I convinced myself he did too. My mistake.
5. Before I invested any money, again I searched and found this forum. However, the belligerent tone of Shewolf put me off and I wrote her off as an axe to grind mainly with Mike Dillard. My mistake again.
6. So I sent in my funds (luckily, money that I don’t need for housing or food) and watched to see what would happen, intending to add to my account in six months or so if it proved out. April seemed fine. We all know what has happened since.
I have been following this thread since about May 20th full time. (Oddly enough, I was reminded of it by Senen complaining about it on a gathering.) I didn’t see how a different point of view would hurt and it has very well helped. Thank you.
I was also on the PM gatherings listening to Senen and not panicking (since it was money I could afford to lose) and see #3 above, figured it was the only way to recoup the losses fairly quickly. I did send two specific emails to Senen about concerns he had not adequately addressed and received no answer to either of them. Imagine that
After receiving the email with Senen washing his hands yesterday, I have spent 20 of the last 24 hours rereading this thread from page 1. I have contacted IB Capital (the email in Senen’s letter was not the correct one) and have questions on their response. One of the recent threads mentioned leaving the account open so that they could not just run away. I requested the return of my initial investment since they allowed GFM to trade my account without the proper LPOA. Their response was:
As you are aware from the LPOA which you have entered into between yourself and your IB, your IB can designate other traders to trade your account under their instruction and mandate. We would assume that you have separate terms with your appointed IB where you specify any set limits. Please also note that we do not introduce nor recommend any IBs to our clients, we are merely an executing broker. We strongly suggest you take up this matter with your appointed IB and ask them to clarify the position to you. In the meantime, please do not hesitate to contact us should you have any further queries.
This seems to state that in IB Capital’s opinion, IIC is the introducing broker.
1. I welcome comments on this and on what I should do with the balance in my account for the good of everyone. I could withdraw most of it and leave it open with a token amount or leave it as is if that would be a benefit to us (not to them).
2. Does anyone have a screen post saved of the LPOA that shows IIC & PM labeling? I was unfortunate in not saving a copy and would like to submit it with my complaints to the authorities.
3. Does anyone have a saved copy of the "Managed account results" as all the links in the thread point to a page that has been removed? Hopefully, someone saved a copy earlier.
4. Also, I would like comments about the trading activity on 5/16 prior to the 63% loss on 5/17. On 5/16, my account was actually up over 100% before a series of trades brought it back down to negative $12 or so on the day. I reconstructed the trades based on the timelines as Kevin said that “
those profits weren’t actually realized as the losses hadn’t been closed out yet” on the Gathering, and the losses weren’t even open when the profits were realized. Does this change anything that needs to be reported to the authorities? (I was quite surprised when I received that statement; unfortunately I didn’t act before the devastating 5/17 statement was received.)
Thank you everyone for all the work you have done for this. I am glad that I now have a place to go to if ever in the future I need to vet an offer.
I have managed to save some interesting info over the past 24 hours as well that has not been taken down yet as I see that other things have been removed from various locations. I don't wish to name them openly at this time but will answer certain people's PM's if they are interested.
