How can he cheat by trading in front of people at his seminar huh ?
http://www.ctiming.com/MillionInfo.asp*
As for critics here's his answer:
http://www.ctiming.com/Critics.asp
No. 2 WILLIAMS BLEW UP, TRADING A FUND IN 1987!
There is some truth here. In 1986, 87 and 88 I managed a substantial amount of money. A significant number of the people came out way a head. Most notably Susan B. Kringle, who had opened her trading account with $60,000 and walked away with approximate $540,000. She then sued me claiming she should have made $63 million. Many people, and I mean many, made a substantial amount of money with my trading during that time. As new money in and the crash or 87 developed, I lost money for investors. No doubt about that, it happened. People were not blown out though. . . as I recall the worst damage done was about 40 percent decline in a few of the individual trading accounts.
The NFA brought an action against me at that time, which I believe was highly politically motivated. After all I had just run from the floor, and was selected by my fellow commodity trading advisers against their hand picked "boy". From day one, I knew this was not a good thing to have done... at my first NFA meeting was only one not to have a nameplate at the table for we sat, repeatedly from the head of the NFA would not acknowledge me or shake my hand.
The message was pretty clear, eventually they brought an action against me. Eventually I settled, neither admitting nor denying their charges and paid a $12,000 fine. In light of the hundreds of thousands of dollars the NFA has fined other people, notably brokers and trading advisors, this was not even a slap on the wrist.
No. 3 YOU CHEATED WHEN YOU WON THE ROBBINS WORLD CUP TRADING CHAMPIONSHIP
This is the most ludicrous of the allegations. Internet authors hiding behind bogus names, have claimed there were two accounts the winning trades when in one account the losing trades into another.
If I would've known which trades were going to be losing trades why would I've taken them to begin with?
Perhaps more importantly the NFA and CFTC both had all my trading records, they too were looking for chicanery, double accounts or whatever. They had all my trading records for about 18 months, went through the brokerage firm with a fine tooth comb.
