Alaron sued for phony account statements

[latinotrader]

This is a multimillion dollar lawsuit:
http://dockets.justia.com/docket/illinois/ilndce/1:2010cv03502/244158/

You can check how the phony account statements were fabricated in order to mislead customers at:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=195560

 

[zdreg]

this must have been going on for years.
incredible or am I missing something?

 

[crgarcia]

Quote from zdreg:

this must have been going on for years.
incredible or am I missing something?

So it seems.

They misled their customers so they couldn't realize the losses,
meanwhile they kept churning their accounts by daytrading.

 

[Peternam]

Incredible, yes

 

[southbeach4me]

Doesn't surprise me one bit...

 

[zdreg]

Quote from southbeach4me:

Doesn't surprise me one bit...

why?

 

[crgarcia]

Quote from zdreg:

why?

Yeah why?

 

[Biog]

Quote from crgarcia:

Yeah why?

http://www.elitetrader.com/br/?action=view&R_FirmID=193


Plenty of warnings about this firm. Fool and his money...