Thanks for the continued public service announcements EricP.
You summarized their business model perfectly. Some people may choose not to listen, but, they will eventually learn.
More info of what you describe of the similar business model is at www.olivervelezrefund.com
All lies once reread with some perspective provided by time looking back on the past. Especially the part about the world has been blessed.
And his line about "nothing will be lost!". What was lost was many hundreds of peoples deposits, as well as hundreds of thousands of dollars of fees...
Charles Vaccaro in 2012, after the above and Element Trading failure in 2011:
http://finance.yahoo.com/news/element-trading-technologies-inc-announces-124500856.html
for more info: http://olivervelezrefund.com/
Sorry, the links in my previous message above got truncated and don't work:
Just Google this string:
Element Trading Technologies, Inc. Announces Reverse Merger Into United Treatment Centers, Inc.
Or, copy and paste this URL in your address bar...
Here is info on Vaccaro's newest scam:
http://finance.yahoo.com/news/eleme...-124500889.html
http://investorshub.advfn.com/board...age_id=79666160
Google: Vaccaro scam, and that's all the info you need.
Great advice "go hokies"! The Best advice, like yours, is usually simple, "RUN!"
For more info see:
http://olivervelezrefund.com/
http://www.trader32.com/2010/09/oliver-velez-scam.html
Team Trading, previously Velez Capital Management and Element Trading would all be in the top list of scams.
Watching Dateline tonight on NBC, about Tim Blair aka Tim Dog and his scams. Like most scams/fraudsters, lots of similar traits like what happened above...
Some other very old previous posts on the word for Oliver/Pristine are below (from 2002 no less - ten years ago, with predictions about the same type of "training" fee he was doing then):
http://www.elitetrader.com/vb/showthread.php?s=&threadid=9074&perpage=6&pagenumber=6
11-07-02 04:48...
For more information on the oliver velez scam and similar programs:
http://olivervelezrefund.com/on-ifundtraders-programs/
The other question is: who is behind SMF?
Too bad Elite Trader felt pressured from Oliver's attorneys to have some of these other forums closed and taken down.
here are some more recent sites with info on the latest shenanigans (scams) by Oliver:
http://www.trader32.com/2010/09/oliver-velez-scam.html
http://olivervelezrefund.com/
From March 2009, more warnings and prescient posts! I see other old posts on Elite Trader that go back to 2004 saying the same stuff.
http://www.trader32.com/2010/09/oliver-velez-scam.html more info