mlm guru doug Allen thread closed. Why?

Quote from negativetrend:

I guess the guy has finally gave up.

NT
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Is this our beloved Doug ?
http://brokercheck.finra.org/Indivi...Group=Individual&FirmKey=-1&BrokerKey=4854622

If so, at least he shows no prior sanctions.
But again, I must ask: why is he looking for a trader when in fact his website says they are not looking for new capital ?

Also, why does the home page caption his title as :
R. Douglas Allen
Managing Member

Why not Managing Partner just like this caption says:
A Message from the General Partner
 
Doug Allen private email on March 6:

NAME, I just wanted to send a quick note out to everybody. A few people asked me why I would be doing something like looking for traders on an online forum. For some reason there are people who don't think this is a legitimate way to find traders. Well the reason I'm doing this is simple. It's because when I started trading, I had no idea what I was doing. I made every dumb mistake a person could make. But then slowly I started getting better, until I finally reached the point where I found a way to consistently make money. But the problem was that my personal trading account was relatively small, and even though I was cranking out great returns, the total dollar value of the money I was making wan't life changing. And then I got a HUGE break... A fund of funds manager saw my name in a trading organization membership list. He started following my trading results, and then after a couplle of months gave me $100,000 to trade. Within a year he had me trading a $20 million account. The first performance fee he paid me was $996,000. It was a win-win for both of us. I made nearly a million dollars from trading his money, and his fund made a 100% return and $4 million. And one of the best parts of this experience is the fact that this experienced fund of funds manager became a friend and mentor. I learned more from him in one afternoon that I had learned in an entire year. He shortened my learning curve by about 5 years. So now here I am, ten years later, I'm a managing partner in a fund of funds, and I'm looking for traders just like my mentor did. I would love nothing more than to partner with undiscovered traders and help them become successful just like what happened with me. Doug P.S. I'm going through the questionnaires and I'll be sending out the time and date for the conference call in a few days. Also, if you didn't do the questionnaire yet, it's at: http://www.lookingfortrader.com/questions.html

Doug Allen private email on March 8:

Hi NAME, 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 thanany 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

Note - the continued focus on "Patty" which none of the traders care about or want, since they signed on under the auspices of trading money for Doug in some mutually beneficial way.

As time goes on, the focus dramatically slipped from "trading Doug's money" to "Patty Patty Patty." Classic bait&switch, using the "how to cook a live frog and it won't even try to hop out of the pot" approach. Even though "Patty" is free, it is obviously going to bring revenue or publicity somehow.

I expect within a week or 2:

1) the "Trade Doug's money" message will almost completely slip out of correspondence.
2) Traders will be offered the chance to participate in Doug's SimTrade MegaEvent, the winner wins a week with Patty in Malibu, the 2nd-place winner wins a Hot Tub Date with Patty, the 3rd-place winner gets one of Patty's old thongs, the 4th place winner gets a free remote view of Patty's laundry hamper and everyone else gets an autographed picture of Patty with a 50 cents Mc Donalds coupon attached (only redeemable at the McDonald's near Patty in combo with a Remote View session). The worst performer gets an inflatable "Patty" Doll with a pullcord that says "Way to trade em, big boy"... and Doug will allow real money to be traded, by taking the opposite of the big loser's trades
3) Participants will be bombarded with more internet marketing messages about Patty and other offers from "Doug Allen & Friends"
 
Phase 1 of Patty will be free. Then to get the money to manage a carrot (funds to manage) will be dangled in front of you to pay for phase two and then later again, phase 3. Or maybe just one expensive phase two.
 
Another huge unanswered question:
Why is Doug registered with FINRA but not associated with his own Blue Lion Capital Management firm ?
The count-down is 9 days.
 
Quote from syswizard:

Another huge unanswered question:
Why is Doug registered with FINRA but not associated with his own Blue Lion Capital Management firm ?
The count-down is 9 days.
More...

Count down to what?

Anyone getting remote viewing trading lessons or money to trade from Robert d Allen? Any more letters?
 
Quote from Sushi:

Count down to what?
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To the day Doug must "come clean" and contract with one of the traders who responded.
I don't care who it is...as long as it is someone who made the effort to respond.
 
Come back Doug!!! Pleeeeez! Don't let this be the end of it!!!

This has been one of the most entertaining threads of all time, kudos to the photoshopped book cover, oh crap that made me bust a gut laughing!!!

Funny that we all knew it was such a terdbucket of a scam of some sort from day 1, but I really will be pissed if Dougie just disappears without delivering the punchline, what was his ultimate goal? Was it really to promote that remote viewing chick?

I still think he wanted money of some sort, my best guess is he is obviously not really named Doug Allen, and that he is within 1-2 months of getting his house foreclosed on and pumping out as many scams as possible from his bedroom while tapping into his neighbor's wireless internet.

Am I right Doug??? Please prove me wrong! I WANT TO BELIEVE!!! :D
 
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