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

[marketsurfer]

When you are a member of a prop firm, you likely agreed to arbitration. I'm not familiar with arbitration rules. I hope you filed a complaint with the SEC too.

since there is fraud involved, the arbitration clause is likely mute-- contracts go both ways. surf

 

[thefuturestrader]

To reiterate, reading briefly on this matter, it may help to file an SEC or NFA complaint as appropriate. That may have more bite in the short term than trying to get a DA to move on a white collar crime.

 

[Option_Attack]

since there is fraud involved, the arbitration clause is likely mute-- contracts go both ways. surf

Could be... You may have to ask a mime to interpret!

 

[xandman]

Are there others involved? You better know the ties the firm has. They might have to fish your body out of the Hudson.

 

[Traderham]

Have a friend (or an investigator) act as a potential client and make an appointment to see them in their office. Or potentially make an appointment with another office on the same floor. Then walk in and serve the firm.

 

[loufah]

Sounds like you're pursuing a civil case. That's fine, but you also should contact the US Attorney in the state where the company is headquartered.

 

[blueraincap]

in that case, you might wanna disclose the firm here

 

[rmorse]

It would be helpful to know the name of the firm your had your issue with and why they say they refused to return your funds. How long were your a LP there?

 

[Butterfly]

sounds like you need to contact the SEC or FINRA first,

 

[S-Trader]

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.

It wasn't someone with initials "EG," was it? That guy is a scam artist, but can't name him here.