TheOpenFund L.P - Anyone ever heard of them?

[theopenfund]

Sorry to doubt you all, but I am the Investment Manager for TheOpenFund. We are not scamming people, and currently have five traders. We had an immediate need to bring new traders onboard, and teach our methodologies as we had a major inflow of capital.

We require that level of funding in order to meet margin requirements for options trading, and we also believe that before risking other's capital you have to risk your own.

We are not advertising our fund for the purpose of seeking investors, but for finding traders. Many hedge funds advertise on the internet for jobs all the time. As such, we are not violating Regulation D of the I.A. of 1940.

Regardless, I would sincerely appreciate that any blatant defamation of TheOpenFund L.P.'s reputation as a legitimate hedge fund be ceased. Especially, the one comment saying that "hey are bullshit scammers who SPAM websites looking for unsuspecting newbies to rake over the coals." This is blatant slander.

Kind Regards,
Anthony

 

[Surdo]

Anthony:

Do you provide cracker's for new investors?

 

[mizer]

Quote from Surdo:

Anthony:

Do you provide cracker's for new investors?

"Antney" can I request wheat crackers? White flour clogs my colon :eek:

 

[Surdo]

http://www.nabiscoworld.com/ritz/

Even Hedge SPAM tastes better on a Ritz!

 

[rjv27]

Quote from theopenfund:

We had an immediate need to bring new traders onboard, and teach our methodologies as we had a major inflow of capital.

We require that level of funding in order to meet margin requirements for options trading, and we also believe that before risking other's capital you have to risk your own.

If you have a major inflow of capital, why do you need 50k to meet margin requirements...

You must not have faith is your methodology if you believe that a person must risk their money first...otherwise you would let them trade your funds first...

 

[Longhorns]

Quote from theopenfund:

Especially, the one comment saying that "hey are bullshit scammers who SPAM websites looking for unsuspecting newbies to rake over the coals." This is blatant slander.

Ummmm, you ARE SPAMMING. It's a fact, so it's not slander.

Now run along and SPAM somewhere else.

 

[trdwl]

Mr. Anthony,
You are not a hedge fund. You are a proprietary trading operation. Hedge funds are funded by limited partners that do not have any role in the operational activities of the operation; not by a contribution or deposit by their analysts (otherwise known as traders, by prop shops.) I claimed that your outfit comprised the elements of a scam because you've misrepresented yourselves in this way.
Do you require your "traders" to hold a series 7 license?
Hedge funds do not have this requirement.

 

[Zen Student]

Quote from theopenfund:

Sorry to doubt you all, but I am the Investment Manager for TheOpenFund. We are not scamming people, and currently have five traders. We had an immediate need to bring new traders onboard, and teach our methodologies as we had a major inflow of capital.

We require that level of funding in order to meet margin requirements for options trading, and we also believe that before risking other's capital you have to risk your own.

We are not advertising our fund for the purpose of seeking investors, but for finding traders. Many hedge funds advertise on the internet for jobs all the time. As such, we are not violating Regulation D of the I.A. of 1940.

Regardless, I would sincerely appreciate that any blatant defamation of TheOpenFund L.P.'s reputation as a legitimate hedge fund be ceased. Especially, the one comment saying that "hey are bullshit scammers who SPAM websites looking for unsuspecting newbies to rake over the coals." This is blatant slander.

Kind Regards,
Anthony

When I went to law school truth was an absolute defence to slander. Note also the distinction between slander and libel.

According to court documents filed recently, TheOpenFund lost money for its investors 2005-7. Anthony has just been indicted for various counts of fraud in respect of three hedge funds he ran.

CFTC Charges Tampa Resident Anthony J. Klatch II and Four Other Defendants with Fraudulently Soliciting over $11.3 Million - http://www.cftc.gov/PressRoom/PressReleases/pr6088-11.html

Full complaint: http://www.cftc.gov/ucm/groups/publ...ts/legalpleading/enfklatchcomplaint072111.pdf

I don't suppose Anthony will reply, as he is currently in the custody of the United States Marshals Service!

Good call whoever spotted him here as a fraud. A quick google turns up a "Present Moment Trading Campaign" pmtcm.com Anthony Klatch charging $10,000 to train traders. Did anyone here participate in that program? Maybe people who did can find this page when googling for Anthony Klatch training traders Present Moment PMTC blog.

emg, can we add to your "unregulated training vendors" thread?

 

[Zen Student]

Quote from theopenfund:

we also believe that before risking other's capital you have to risk your own.

Does that include the business in which you and your partner both invested $1 before raising millions from outside investors and losing it all in the markets?

 

[Samsara]

Quote from Zen Student:

When I went to law school truth was an absolute defence to slander. Note also the distinction between slander and libel.

According to court documents filed recently, TheOpenFund lost money for its investors 2005-7. Anthony has just been indicted for various counts of fraud in respect of three hedge funds he ran.

CFTC Charges Tampa Resident Anthony J. Klatch II and Four Other Defendants with Fraudulently Soliciting over $11.3 Million - http://www.cftc.gov/PressRoom/PressReleases/pr6088-11.html

Full complaint: http://www.cftc.gov/ucm/groups/publ...ts/legalpleading/enfklatchcomplaint072111.pdf

I don't suppose Anthony will reply, as he is currently in the custody of the United States Marshals Service!

Good call whoever spotted him here as a fraud. A quick google turns up a "Present Moment Trading Campaign" pmtcm.com Anthony Klatch charging $10,000 to train traders. Did anyone here participate in that program? Maybe people who did can find this page when googling for Anthony Klatch training traders Present Moment PMTC blog.

emg, can we add to your "unregulated training vendors" thread?

Nicely done.

Trying to resurrect the dead exploitative chop shop model that FINRA's already dismantled, calling it a "hedge fund", and immediately deferring to SLAPP threats in his first post all point to a real sleazy individual who's destined to eventually end up on the wrong side of the law, in one way or another.