Earn2Trade Founder Charged With Fraud

[clockwork71]

With all due respect, the businesses are private entities and your question has no pertinence whatsoever to the question at hand. I would have to say furthermore that I do not know the answer to your question and I am in no position to answer it if I did.

Yep, its all sub based profits. He may have well just said that himself. Occam's Razor dictates as such. These guys are in trouble, and they know it. It really doesn't matter if they are still owned by this parasite or not - this is a really, really bad look. This is the kind of thing that will come up in every search that a new piker looks at.

The Emperor has no clothes it seems. Can't wait for Top Step to be revealed as well.

 

[destriero]

respect to Shawn Alexander reacting to all the questions regarding the business model of E2T, which have been discussed and answered several times before long time ago.

They are going to whatever they have to do to keep the operation going.

The facts, at best, state that they have allocated a few thousand to each "funded" trader. Let's say they have ten ppl funded.... I'd bet anything that they don't have more than $30-$40K allocated to cover the haircut for those ten ppl.

The point? That the "$50K account" is nothing of the sort.

 

[athlonmank8]

Yep, its all sub based profits. He may have well just said that himself. Occam's Razor dictates as such. These guys are in trouble, and they know it. It really doesn't matter if they are still owned by this parasite or not - this is a really, really bad look. This is the kind of thing that will come up in every search that a new piker looks at.

The Emperor has no clothes it seems. Can't wait for Top Step to be revealed as well.

Why do you not like these types of operations?

 

[SelfMadeDude]

Usually, people get really riled and wound up about these types of sensational events and tend to be very hyperbolic about the eventual outcome - on both sides of the spectrum...

...in the end, more often that not, the outcome is bland and the effects are ephemeral.

This will not wind up damaging severely their business nor reputation - IMHO

Hopefully, they can display more transparency to allay traders' nerves

 

[StockTrader100k]

https://www.cftc.gov/PressRoom/PressReleases/8231-20

complaint
https://www.cftc.gov/media/4561/enfcombluemooncomplaint090220/download

These are just allegations in the complaint and no one has been found guilty (or plead guilty) so innocent until proven guilty (or admitting guilt in a plea) and it is just as likely that all defendants including Ryan could go to trial and be found not guilty or that the complaint could be amended to dismiss Ryan from the complaint. And to be clear everyone is entitled to their day in Court to defend themselves against allegations that could turn out to be not true and complete BS at least with respect to Ryan

However if you take the time to skim through the actual legal complaint at

https://www.cftc.gov/media/4561/enfcombluemooncomplaint090220/download

you see that on page 6 of the complaint— Ryan is accused of using an alias in the alleged activities (also other individuals accused in the complaint are also alleged to have used aliases as well)

...”19. Defendant Ryan Masten was born in 1985 and is an American citizen. Masten currently resides in or around Austin, Texas. During at least part of the Relevant Period, and in connection with the acts and practices described herein, Masten used the alias Jax Navarro. Masten has been registered with the Commission as an AP and principal of a CTA since June 13, 2017, and was registered as an AP and principal of an Introducing Broker from approximately May 2017 to March 2018.”...


Even though the complaint has nothing to do with the specific education, tryout and funding trader business that Earn2Trade is in — it is however still an alleged fraud in the finance and trading industry and it’s not like the allegations involved a restaurant or resort industry or something that is not even in the finance and trade industry. Earn2Trade is still in the finance and trading industry —- although they are in a completely different business and sector of the finance and trade industry altogether

Many people in the past have questioned who exactly owns Helios (And despite being technically a separate Legal entity from Earn2Trade) - Earn2Trade does appear to have some sort of ongoing relationship with them even if all the relationship is —is possibly simply referring traders to Helios who have passed the Earn2Trade tryout

With Ryan being accused in the complaint of using an alias to conduct business —in my opinion— I would think it would be important that Earn2Trade and Helios disclose to the public all the current owners involved in each company (as well as who the prior owners were as well prior to this week) and try to be very transparent to the public

 

[destriero]

Usually, people get really riled and wound up about these types of sensational events and tend to be very hyperbolic about the eventual outcome - on both sides of the spectrum...

...in the end, more often that not, the outcome is bland and the effects are ephemeral.

This will not wind up damaging severely their business nor reputation - IMHO

Hopefully, they can display more transparency to allay traders' nerves

They are on the record massaging the truth here. Stating that Kojak hasn't been associated with the company "for a time" when it's been less than 60 days by the time the CFTC charged the guy. C'mon WTF is that? If that doesn't peak your interest then nothing will. What kind of BS is that? The dude's seat isn't cold. He was operating the Israeli binary option scam while running E2T/Helios which is not in dispute.

You spend a few hundred to pass their test. You're funded and constantly stressed about hitting their terminal risk. You have a bad day and you're defunded. You're paying 2.5 on full ES and micros as well!

OK, so $300 to get funded at a 80/20 profit split (or)

Open an AMP account with $2K and trade Micros at what, $0.5 per side and $50 per/intraday? I don't think they are going to let you trade a 40-lot micro order on $2K, but you'll have more leverage than E2T is offering and you'll eat 100% of what you kill and pay 1/5 of the comms.

 

[cenettixx]

I passed their 50K gauntlet but then hit my $2000 limit with the real rithmic account they set up for me. The way I look at it I payed $99 for the try out + $105 for the data fee for the real account. They forked out $1900. ($2000-$99)

I think they're very useful for people trying out new systems, developing new trading ideas etc.
You may create a system that works for months and then market conditions change and start losing. E2T/helios saved me money.

 

[Liberty Market Investment]

Choose who funds you wisely.
Trade with us

 

[traderjo]

respect to Shawn Alexander reacting to all the questions regarding the business model of E2T, which have been discussed and answered several times before long time ago.

- SO why does he not clarify this factual question
What is the actual $ put by the Funder when a person is funded? in so called $25/50, 150K account?

 

[traderjo]

Choose who funds you wisely.
Trade with us

LOL knives are coming out first the video from TST head honcho now this
Choose who funds you wisely. yes indeed
Keep away from hamster wheel business model
practise practise practise and then you can risk small and if you are still good then risk more
and keep 100% OR try and get "First loss" type of funding at least!