BSI Capital accounts frozen

Travis P said:
No money as of yet. Getting pissier by the day. Apparantely the Beleize bank put a hold on the account. Now that all the legal wranglings have finished in Beleize, they released the monies to the solicitor in Beleize.
I think things may have been better if the Beleize solicitor would have dispersede the funds from there, but instead they were released to a Florida lawyers office. Who don't seem keen on returning phone calls.
This firm recommended by a supposedly good person, Mellissa Armo of the Stock Swoosh.com. Some friend eh!! Yeah she got her money out before any of us.
These scumbags Frank Feola and some Angelo character collected new monies when they new the account in Beleize was frozen!!!
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It seems very sneaky to collect funds in Boca, then sell the company and start an account offshore without notification to the traders.

Perhaps those of you who are owed funds can jointly hire an attorney to send a demand letter to the Florida lawyer.

At least if the funds are back in U.S. jurisdiction, you may also file individual complaints with the Attorney General's office in Florida, naming the proprietors of the firm and explaining the situation.
 
I traded with BSI where they had Offices in Brickell Ave an affluent business district in Miami. I deposited $5K in the account and did fairly well for a brief period. Angelo came into the office about 3 times a week, he ran the business with Chris Cooper a local trader in Ft. Lauderdale. However I was skeptical when I noticed their office space, because for someone who claimed they were managing million dollar accounts, it wasn't apparent. Towards the end when I had about $500 left in my account and was closing. ( My first experience with a prop firm, got excited and trader hard and fast) it took Angelo about a month to pay me $500. That when I knew the capital he claimed he had available was all a lie.

Here is the funny part, my partner who I had been trading with retail, warned me not to go. However I was drawn in by the leverage. With only $5k he allowed us to trade with $100k. I learned my lesson from that experience and once I do get my Series 56, my max capital investment will be $10K in hopes of getting $1M in buying power. 100:1 leverage.
 
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