mlm guru doug Allen thread closed. Why?

[Billybob543]

http://ponzinews.com/2009/02/18/jud...to-running-ponzi-scheme-out-of-ups-mailboxes/

Judith Zabalaoui, 71, Pleads Guilty To Running Ponzi Scheme Out Of UPS Mailboxes

Judith Zabalaoui pleaded guilty today to running a Ponzi scheme by tricking clients into believing they were doing business with a brick-and-mortar company.

In reality, prosecutors said, Zabalaoui’s companies were rented UPS mailboxes at the famous courier firm’s retail stores in Delaware and Colorado. One of her bogus firms was called Paragon Co., but prosecutors said she was no paragon of virtue.

Zabalaoui is 71. She now faces up to 20 years in prison after pleading guilty to mail fraud.

Calling the mailbox number a “suite” number was part of the scheme, prosecutors said.

She invented “fictitious people,” claiming they were employees, fabricated emails using the names of fictitious employees, and set up phone, fax and email systems to help perpetrate the fraud, prosecutors said.

Zabalaoui collected at least $3 million in the scheme by promising “safe” and “guaranteed” returns ranging from 13 percent to 26 percent, prosecutors said.




Times are rough.

 

[HSC.1775]

Quote from Doug Allen:

Trading is a great profession. I loved trading, and especially trading OPM.

Hello Doug,
You clearly state in the quoted post that you trade other peoples money (OPM).

Anyone who trades other peoples money in a Fund of Fund structure must be registered; however, neither FINRA nor the NFA show your company as being registered.

Could you please clarify?

Thank you.

 

[Sushi]

Quote from HSC.1775:

Hello Doug,
You clearly state in the quoted post that you trade other peoples money (OPM).

Anyone who trades other peoples money in a Fund of Fund structure must be registered; however, neither FINRA nor the NFA show your company as being registered.

Could you please clarify?

Thank you.

This isn't fully correct. Sorry.

 

[HSC.1775]

Quote from Sushi:

This isn't fully correct. Sorry.

If Mr. Allen is not pooling funds, you are correct that several loopholes exist that would not require him to register; however, in one of his very first posts he mentions an administrator. Why else would you have a hedge fund administrator if you were managing less than 15 separate accounts? Hence, he would not manage a Fund of Funds company as he claims.

Regards.

 

[Billybob543]

I received this pm from a fellow ET member

Doug, I marvel at your work of art. You are a MLM True Master.....

We're not worthy (as I kneel before thee).....

Hi XXX,

I wanted to send out a quick update about the access to coaching I talked about.

First, if you haven't done so already, please complete the online application at:

http://www.lookingfortrader.com/questions.html

Now for a quick note...


If I'm going to trust somebody to trade my money, it only makes sense for me to give them access to any and all resources that would help them succeed. One of the most valuable resources I have access to is my trading coach, Patty DeMartin.

Patty has been a master trainer for Tony Robbins since 1992. And in case you weren't aware of this, Tony Robbins has been personally coaching one of the world's most successful and famous hedge fund managers since about the same time.

The coaching strategies that Tony and Patty provide is state-of-the-art, world-class performance technology. It doesn't matter what field you're in, or what level of experience. What they have are specific processes that will allow anybody to quickly, and almost effortlessly, close the gap between where they're at now and where they want to be.

I know there have been people that dismissed the coaching aspect of my offer, but knowing what I know about Patty, I can say with 100% certainty that her coaching is more valuable than
any trading account I could ever fund.

That's why I'm seriously considering having Patty do a coaching program for everybody who expressed interest in my offer -not just the people who I choose to fund. And don't worry, there will be no charge for this. It will be my way of saying thanks to all the people who supported me in the forum.

Doug

P.S. If you haven't done so already, please complete the online application at:

http://www.lookingfortrader.com/questions.html

 

[austinp]

<i>"Hi austinp,
What's next to get started is I need to evaluate which people here I would entrust my money with. The first accounts will be funded with my personal money. My primary intention for creating this thread was just to see if there would be any interest. Apparently there is."</i>

Doug, I promised I'd take some time to give updated reports here. Let me make a couple of objective observations. First, one of your early statements in the closed post talked about probing this forum to see if any traders were interested in trading opm with no risk of loss to them.

I'm going to give you a free pass on this one, but that's a lot like posting inside a Miami Dolphins message board a year ago if anyone would be interested in Tom Brady and Randy Moss joining the team for free. After a 1 win and 15 loss season, people would have responded favorably. In a public forum with aspiring traders, an offer for free money is probable to be received with solid response.

So you threw together a quick website form, subscribed to a fee-based auto-emailer service account and decided to communicate with the unexpected mass response in group fashion. Fair enough. So far that process of update includes form-letter responses staged to arrive in time structured fashion. In other words, the early applicants are ahead of letters received versus the latter respondents.

So far I've received the intro letter explaining your "why" to make this offer to complete strangers. I expect the second and any additional notes will reach me in staged fashion. That's the extent of my contact so far, open to seeing what happens next.

 

[Sushi]

Quote from HSC.1775:

If Mr. Allen is not pooling funds, you are correct that several loopholes exist that would not require him to register; however, in one of his very first posts he mentions an administrator. Why else would you have a hedge fund administrator if you were managing less than 15 separate accounts? Hence, he would not manage a Fund of Funds company as he claims.

Regards.

You really shouldn't comment on things you know little about. A fund administrater is a must regardless of the number of investors to avoid the appearance of impropriety. As you don't know. 3rd party administraters are the go between between the investor and the fund. All statements from the broker go. To the administrater first then to the investor. Even funds with one investor who is sophisticated would demand an administrater

 

[Sushi]

First the rumor of tony robbin managing the worlds greatest hedge fund manager is very likely not true. It's a marketing claim by tony Robbins who stole his entire spiel from Richard bandler. Robbins is a master marketer nothing more nothing less. Maybe he met with him or helps him with other issues but I promise you he doesn't help him with trading edge

If it is true which is beyond doubtful. Robbins is coaching him on personal issues and not trading edge. Ever see Robbins mastermoney material? It is beyond weak! Really bad dated garbage


Second. Patty de martin is a psychic who practices remote viewing. She is married to the number one practioner of this bogus pseudo fringe idea. This should tell you all you need to know

These people are simply not credible in the finance world

 

[Wayne Gibbous]

Quote from Doug Allen:

I don't have a website selling any miracles for $260.... If I did I wouldn't be spending my time here. lol...

Still not sure what you think the scam is....

Doug

Quote from Doug Allen:

LOL.... my kids are going to love this. I admit, I do not look like Brad Pitt, or even Elijah Pitts, but please.... I am really not that goofy looking......lol.... god help me....

Sorry... that's not me.

Doug

PS... actually I'm NOT sorry that's not me.... thank GOD that's not me....

<img src="http://www.todays260dollarmiracle.com/img/header.jpg"/>



Registrant:
Doug Allen
1000 Terraha Drive
Early, Texas 76802
United States

Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: TODAYS260DOLLARMIRACLE.COM
Created on: 19-Dec-08
Expires on: 19-Dec-09
Last Updated on: 03-Feb-09

Administrative Contact:
Allen, Doug allen.doug.s@gmail.com
1000 Terraha Drive
Early, Texas 76802
United States
(325) 643-3698 Fax --

Technical Contact:
Allen, Doug allen.doug.s@gmail.com
1000 Terraha Drive
Early, Texas 76802
United States
(325) 643-3698 Fax --

Domain servers in listed order:
NS1.FATCOW.COM
NS2.FATCOW.COM

 

[Sushi]

That's not him.atleast that's what he claims. Looks a little like him