Need help - lost big money to prop. firm scam.

V

va01us

Fellow traders -I lost a fortune by not being repaid prop. firm account. Please, help, at least, with advice - I will appreciate any help.
I have a case against prop. firm filed, but I am unable to serve the main guy.He owns hedge fund and works from the fortress like office building and refuse to receive service of process. He also is remodeling house he recently bought. I can't figure out how to serve this person either at work or at home .
Servers can't go through security - main guy refuse to let them in. I am not sure how to work with stake out investigators - what if they do just basic search? They ask for $1,500 retainer. Even honest stake out investigator or may be you or someone you know worked with one. I was thinking to serve using Sheriff - but, apparently, they can't go through security either.
And I can't find where he lives -i was able to trace his old house that he recently sold and new house that he bought and remodeling now. But he does not live there.
I would appreciate any advice, any leads. I hope that fellow traders can help - I've lost a fortune.
Also beware of prop. firm structure - it is as thin as promise.
 
First of all, where did this happen? If it happened in the USA you need to make a personal visit to the nearest DA (district attorney's office). They will tell you whats the best course of action against the owner of the prop firm.

If this happened in a country other than USA you are screwed..

va01us said:
Fellow traders -I lost a fortune by not being repaid prop. firm account. Please, help, at least, with advice - I will appreciate any help.
I have a case against prop. firm filed, but I am unable to serve the main guy.He owns hedge fund and works from the fortress like office building and refuse to receive service of process. He also is remodeling house he recently bought. I can't figure out how to serve this person either at work or at home .
Servers can't go through security - main guy refuse to let them in. I am not sure how to work with stake out investigators - what if they do just basic search? They ask for $1,500 retainer. Even honest stake out investigator or may be you or someone you know worked with one. I was thinking to serve using Sheriff - but, apparently, they can't go through security either.
And I can't find where he lives -i was able to trace his old house that he recently sold and new house that he bought and remodeling now. But he does not live there.
I would appreciate any advice, any leads. I hope that fellow traders can help - I've lost a fortune.
Also beware of prop. firm structure - it is as thin as promise.
More...
 
Ouaoh.. that sucks. If you had a proper contract, you should go to a lawyer... No need to see the guy, what are you going to do? Beat the crap out of him??... Even if you probably feel like to, not the right route.
If you are in a juridiction where lawyers are extremely expensive, try to have them work on a success basis: if they recover your cash, they ll get say 10% of it (depending on what is the absolute amount...)
Good luck
 
SouthbeachCTA said:
First of all, where did this happen? If it happened in the USA you need to make a personal visit to the nearest DA (district attorney's office). They will tell you whats the best course of action against the owner of the prop firm.

If this happened in a country other than USA you are screwed..
More...
USA. New York. Case is filed in another state where I resides and where they are registered. But I need to serve court documents. I need servers to get in from of this person and that's all. If he refuses at that point - it does not matter - they can put documents on the floor. But, they need to find him
 
va01us said:
Fellow traders -I lost a fortune by not being repaid prop. firm account. Please, help, at least, with advice - I will appreciate any help.
I have a case against prop. firm filed, but I am unable to serve the main guy.He owns hedge fund and works from the fortress like office building and refuse to receive service of process. He also is remodeling house he recently bought. I can't figure out how to serve this person either at work or at home .
Servers can't go through security - main guy refuse to let them in. I am not sure how to work with stake out investigators - what if they do just basic search? They ask for $1,500 retainer. Even honest stake out investigator or may be you or someone you know worked with one. I was thinking to serve using Sheriff - but, apparently, they can't go through security either.
And I can't find where he lives -i was able to trace his old house that he recently sold and new house that he bought and remodeling now. But he does not live there.
I would appreciate any advice, any leads. I hope that fellow traders can help - I've lost a fortune.
Also beware of prop. firm structure - it is as thin as promise.
More...


1) File a Police complaint : so that you have something, somewhere about illegal activities

2) actually tip copiously with all the details
http://www.fbi.gov/report-threats-and-crime
even better phone them so that you can answer any additional questions they have
Realise that they can compare information, and who knows

3) take a lawyer and go to court so as to force the person to reveal his identity.
Then obviously, make sure that all his family and friends attend the court.

4) ask for money , as he did all of that for money.

Keep us updated
 
SouthbeachCTA said:
First of all, where did this happen? If it happened in the USA you need to make a personal visit to the nearest DA (district attorney's office). They will tell you whats the best course of action against the owner of the prop firm.

If this happened in a country other than USA you are screwed..
More...
Thank you. If DA will meet me it would be great. I go to Police, but they don't even take any papers from me - from their point , if I was not physically harmed - it is legal case. And, I can't - as far as I know - go directly to DA, I need to start from Police - dead end. Does anybody think otherwise? I tried call DA office before - but, again, they send to Police - file report with Police - but Police refuses to do it.
 
Oh I got it.. "server"
Why not WAIT all day outside of one of the places you know for a fact he is in...
It will be only one day of your life... If he gets in by car, wait outside the parking lot...
 
You need to access the "state company registry" where the hedge fund is registered , the registry will tell you the name of the owner(s) and address. You may need to hire an attorney who is familiar with securities law. Good Luck,,
 
smallStops said:
1) File a Police complaint : so that you have something, somewhere about illegal activities

2) actually tip copiously with all the details
http://www.fbi.gov/report-threats-and-crime
even better phone them so that you can answer any additional questions they have
Realise that they can compare information, and who knows

3) take a lawyer and go to court so as to force the person to reveal his identity.
Then obviously, make sure that all his family and friends attend the court.

4) ask for money , as he did all of that for money.

Keep us updated
More...
Thank you. More details. Court case is filed . It is public. Somehow, they are not afraid. They even manage to keep a lot of partners, investors, etc. I have unconfirmed information that they have interest in another prop. firm . Many officers of this prop. firm moved to another firm somehow. And , when they stopped returning money , they claimed for some time that they are merging with that firm. SEC is notified. But, even if they find anything criminal - they are 100% silent on the topic - no answers - see public announcements only. So, I don't know if they found wrongdoing or not. And it can take them years - I was told by others. I filed complaint with FBI - it is probably similar to SEC, but , anyhow, I did not get a word from them. I don't see any route - other than court (but I will welcome any ideas, and will try anything). But, going through court - I need to serve them papers - otherwise - court will throw case out.
As for calling FBI- I will try. But, I am afraid they will not comment - like SEC. From my point of view - it is SEC and FBI level case - big amounts of money. It is close to $1,000,000. At least, people I know lost close to $750,000. If anybody has idea - how to contact DA office or, even file Police complaint - let me know. As I said - from their perspective - it is Civil court case.
 
Also, you could file a complaint on ForexPeaceArmy... maybe they can give you some advice, even though they are more focused on brokers scams than prop firms... But at least the fraudulent prop firm/Hedge Fund name will be out there...
 
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