SP Trader - Huge returns...anyone invested with them

It looks like they have management in the UK.

Investment managers including hedge fund managers operating from the UK fall within the scope of the UK Financial Services Act and are regulated by the FSA.

Hance, first step in doing due diligence would be to check with the FSA to make sure all the appropriate regulation and compliance is in place.
 
I've been investing in hedge funds for almost a decade, and I also run one. I know what <b>real</b> hedge funds look like, and SP Trader isn't one. I guarantee you this is a Ponzi scheme, 100%.

As for their 'UK based management', someone else pointed out that their UK 'office' is just turn-key virtual office space.
 
According to the propectus (posted by traveler , see above) the auditor is
the following

Kingston Accountants

Prospect House
St Julians avenue
St Peter Port
Guersney



have a look at the accountants in Guersney

http://www.chamber.guernsey.net/cat...=A&sortby=Address&catq=ACCOUNTANTS&detcat=yes


THEY DON'T EXIST !
:eek:




The legal adviser and company secretary is Cyrille Emery (according to the propectus)

have a look where this fellow hangs out


http://www.talkgold.com/forum/showthread.php?p=1576647#post1576647


on a Ponzi forum , in the world of HYIP's (high yield investment programs); some programs claim to make 100 %/day

http://www.talkgold.com/forum/r109719-.html


Who still wants to "invest" ? :D
 
....2 cents....

I think all the research here by some resourceful ET members is making it apparent that these guys are clowns, Preston. If anyone else is thinking of giving them money, you should move on and continue the search for the Holy Grail. Although they do have a nice header on their website and the picture of those guys makes it look like they're working very hard.

"making 2% a month.....nothing spectacular......." is actually quite good (24% a year, i'll take it!!). Also, $1000 invested since inception (compounded, of course) would be worth $39, 516 which is pretty spectacular and uncommon.
 
Traveler,



May I ask you to start a new thread for that, I have more info to post regarding this "fund" so that potential investors can find all the info in one thread

Thanks.


*smell,smell* ..... scam !:cool:
 
This is exactly the kind of stuff we need to hear...I'm actually on the phone right now with the schmuck in germany who sent them 5k...showing him the comments here....he's quite shocked.

Anyhow post whatever else you have...it makes me wonder how many of these fancy scams exist out there. What can we do to shut scams down or shine the light on these things?

Thanks so much
 
If any of you had any more doubts about this "fund" :

SP Trade Investments Capital
Ltd , registration number no. 620975

SP Trader Management Company Ltd ,registration no. 328988

both in the BVI


Both the above companies are struck off the register of companies for non-payment of annual fees.

That 150 million dollar "fund" has no money to pay those fees :D

You cannot find this "fund" in any of the following listings

http://www.bvifsc.vg/RegulatedEntities/MutualFundsDirectory/PublicFunds/tabid/170/Default.aspx
http://www.bvifsc.vg/RegulatedEntities/MutualFundsDirectory/PrivateFunds/tabid/171/Default.aspx
http://www.bvifsc.vg/RegulatedEntities/MutualFundsDirectory/ProfessionalFunds/tabid/172/Default.aspx

My info comes from the following provider www.offshorebvi.com


PONZI = SCAM
 
Please be warned that there is an international fraud investigation against Mark Roberts of SP Trader.

The international branch of the FBI, FINMA (Swiss version of SEC), Interpol, BVI and the Austrian authorities are part of the investigation.

One Swiss bank account is frozen.

BEWARE of an investment with SPT and do your due diligence.
 
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