Trading couple for 3 years are harassed by UBS Bahamas, your help will bring victory

[JackRab]

and we heard again the banksters mantra in offhshore robberies" you make volumes and I will think about the flat fee". This time, 2013, it was coming from George Mailis at UBS and not from Frank Goncalves at Credit Suisse in 2009.

So you didn't learn from the first time that flat fees in an active trading account don't exist?

And that within three weeks we would have to pay the entire amount claimed by UBS or give possession of our home, while we would be free to follow our counterclaim later! from where, how? When this home is all our assets, when it is UBS being in breach.

Where did all the money (1.4 mln) go?

This whole episode has taking 3-4 years? 5 years, since they halted our trading in September 2013
And prior to this you've been trading with them for how long? 2-3 years? Only one month, August 2013, plus 18 torturing days in September
And there was no problem at that time and you always made tons of money?
And then suddenly the money disappeared? Hope the answer to those two questions is clear with what I already said.

No.. not clear.. You say you made 30.000 dollars that August and after that they wanted to stop with you? Why not just stop... move on to a better broker since obviously the ones in the Bahamas seem like crooks to you.

And you had similar issues with Credit Suisse,
No, with Credit Suisse the issue was little different.
which you claim is because they have the same lawfirm... UBS send us demand letter two weeks after we send our demand letter to Credit Suisse, in February 2014.

so you took 3-4 years to go and chase Credit Suisse...

but we already had our bad experience (i did not say anything yet about robbery we had from BNB Paribas, Lugano and Credit Suisse, Geneve in 2008).

And not to forget you ALSO had issues with BNP Paribas.... so that's 3 large banks... any others?

But in reality, you got slammed with trading fees... which is really a normal thing. first of all we had no loan.And where it is "normal thing" to be charged $ 570,000 for two months of trading with starting capital of $ 300,000? .

Depends on how much you trade... you say you made about 1.2 mln in 2 months with Credit Suisse... you either got very very very lucky on one trade... or very very very very lucky trading large size very frequently, therefore racking up significant fees. You trade lots, you have high fees... anyone here knows that... that doesn't have anything to do with whether you have a loan or not.

Our story is true. Plese, let me know if you will sign the petition and help to share. Thank you

Still don't buy it.... too many red flags.

And how on earth do you get to have 14 cats!!!! FFS.... no money to hook up electricity or pay for fire damage, but lets get 14 cats so everyone in the family has 2 cats to play with....

 

[CSEtrader]

Dear Jackrab,
could you be just a little bit friendly and gentle, please? we already are harmed by UBS and our ex-neighbors from Lyford Cay https://en.wikipedia.org/wiki/Lyford_Cay , who apparently hating traders, and here on the planet of traders, I will appreciate very much to have support and understanding. thank you. Please, find here below my answers - thank you for your time and interest.

So you didn't learn from the first time that flat fees in an active trading account don't exist?
Where from you are taking this information? It is a routine practice of Swiss banks for wealthy clients that once you are the active trader you are having flat fees of 0.3%=1.0% per year. And we received it from UBS, only that it looks four months, while interests were going


Where did all the money (1.4 mln) go?
We never had all the money - we received in our hands only $671,000 and paid of our debt of $300,000, the rest we used for the living. The rest of money was locked on investment account till April 2014, when UBS ' sequestred it instead of release it to us until investment agreement exparation in September 2017.

No.. not clear.. You say you made 30.000 dollars that August and after that they wanted to stop with you? Why not just stop... move on to a better broker since obviously the ones in the Bahamas seem like crooks to you.
This is the point!Correct! We can not because they prohibited us and locked our money! As you may notice - the $38,000 was not given to us but again locked on account to build it up to $700,000. And when later in October, as I said before, we offered them to take the whole amount of interest pre-paid and see them in four years they refused! We even tried to mediate by offering the rt of money to be locked exclusively with UBS but in their branch where the electronic platform will be available, and received no!


so you took 3-4 years to go and chase Credit Suisse...
Here in the Bahamas the community is very small, everyone is connected and no one is happy to fight the bank. they see banks as feeding entity. Till 2014 we were so naive - five years after the event, that we trusted Credit Suisse's promises that they are working on our refund!


And not to forget you ALSO had issues with BNP Paribas.... so that's 3 large banks... any others?
No, thanks to heaven! We did have and account at Credit Agricole but did not start. I have my idea why it is happening with Swiss banksters

Depends on how much you trade... you say you made about 1.2 mln in 2 months with Credit Suisse... you either got very very very lucky on one trade... or very very very very lucky trading large size very frequently, therefore racking up significant fees. You trade lots, you have high fees... anyone here knows that... that doesn't have anything to do with whether you have a loan or not.
Yes, the second - and yes, we were vey laucky and also market had huge volatility.But I am afraid you are not taking the numbers - the fees in the Bahamas are $150 per trade, $5.0 in USA. We were charged thousands of dollars , every trade. I will send you some example with a correct number after 4.15 pm ECT.



Still don't buy it.... too many red flags.
now, I hope you are with us!

And how on earth do you get to have 14 cats!!!! FFS.... no money to hook up electricity or pay for fire damage, but lets get 14 cats so everyone in the family has 2 cats to play with....

LOL - we are all different types of persons on this planet! To scary you enough we also had two ponies, but for now, gave them up. Be well and hope to talk aftermarkett. Have anice day on trading!

 

[JackRab]

And not to forget you ALSO had issues with BNP Paribas.... so that's 3 large banks... any others?
No, thanks to heaven! We did have and account at Credit Agricole but did not start. I have my idea why it is happening with Swiss banksters

Just copy pasting what you wrote earlier about being robbed by BNP Paribas..:

"but we already had our bad experience (i did not say anything yet about robbery we had from BNB Paribas, Lugano and Credit Suisse, Geneve in 2008)."

the fees in the Bahamas are $150 per trade, $5.0 in USA. We were charged thousands of dollars , every trade. I will send you some example with a correct number after 4.15 pm ECT.

Those are minimums... usually you pay a % over the transaction $ amount if it's stocks or bonds... Futures are usually per lot/future traded... so if you trade 1 ES: $5, if you trade 10ES: $50

Anyway... all that text and I still don't get one iota of this story... I must be dumb

 

[themickey]

You look very unfriendly towards us and indifferent... this is your choice, sorry. Hope you may change it. But let me explain, while I can agree with your accuse that we never contribute before to ET, we never participate in any blogs before and corresponded only privately with our teachers - Larry Williams, late Mark Douglas and now his wife Dr. Paola Webb. We did not grow in the computer era, blogs are something that entering only now - it is our first blog in the life. Our position is simply that you have rights to contribute when you can bring something positive, but ur was the only drama so far, which we tried to fight alone without bothering anyone. Now the things are worth and we need help. Thank you

Nothing unfriendly about me! Trading is a cut throat business, dog eat dog. You have no place trading if you lack experience, years of it prior to going into trading futures especially.
Who is the trader in your profile photo?
How many years have you been a student of trading prior to this experience with UBS?
Did your tutor not warn you of the dangers of futures, leverage and margin calls etc, or are you going to tell us you have a profitable trading system?
I'm a sceptic because to come onto ET from the get go first time pleading assistance tells me you are waaaay over your head, trading is a ruthless business and if your teachers, Larry Williams and Mark Douglas didn't warn you, I can but assume your communication skills are that bad you are 100% unsuited for trading.
Further you say "We did not grow in the computer era, blogs are something that entering only now - it is our first blog in the life".
Mate, you are shark bait!
NEVER TRADE AGAIN!

 

[themickey]

....but ur w the only drama so far, which we tried to fight alone without bothering anyone. Now the things are worth and we need help. Thank you

I'm the drama, so funny.

 

[mskl]

It's better in the Bahamas

 

[vanzandt]

Nothing unfriendly about me! Trading is a cut throat business, dog eat dog. You have no place trading if you lack experience, years of it prior to going into trading futures especially.
Who is the trader in your profile photo?
How many years have you been a student of trading prior to this experience with UBS?
Did your tutor not warn you of the dangers of futures, leverage and margin calls etc, or are you going to tell us you have a profitable trading system?
I'm a sceptic because to come onto ET from the get go first time pleading assistance tells me you are waaaay over your head, trading is a ruthless business and if your teachers, Larry Williams and Mark Douglas didn't warn you, I can but assume your communication skills are that bad you are 100% unsuited for trading.
Further you say "We did not grow in the computer era, blogs are something that entering only now - it is our first blog in the life".
Mate, you are shark bait!
NEVER TRADE AGAIN!

Mick... I totally agree with your assessment of the extreme foolishness of what they did.... I can just see some little bespeckled Mr Peepers type in UBS's risk management dept keeling over dead at his desk when he saw what was going on... but the fact remains they offered to maintain the loan in good faith, at least according to the court docs. And the story is in fact true no matter how right or wrong the parties involved are.... its not some Nigerian scam. They never asked us for money... just to sign a petition associated with their plight.... and that was not a generic blanket petition going after UBS just to go after UBS... (who reported today btw)... it was specific to their case and will be presented as such.

Accepting the trade delay as a defense for dropping below 700K is gonna be a tough one though I suspect. I don't think thats gonna stand in court unfortunately. Not being provided a platform might however.

I wonder if they can just refinance the entire property at 100% of the appraised value with another bank that does business down there and buy UBS out. Hard to know without more details regarding net worth, payoff on the original note, income etc.

20 hungry cats huh? Damn. Thats not good for the local song-bird population I would guess.

 

[Slartibartfast]

In situations like this I am always reminded of a landlady in London called Tina. Tina was Kenyan but somehow looked quite Nigerian. I lived in Africa for years so have a good eye for regions. When I first met her and was giving her a rental deposit in cash in her new BMW after viewing the place. I had no concerns until she she repeatedly said "it is ok, I am a good person, you can trust me". I really had a sinking feeling for my £2k..

Now Tina it turned out was in fact a very honorable and honest person, she even studied in Cambridge for real (another detail that had me concerned on first meeting) but jaw dropping naivety and simply did not understand how she came across in a cruel and paranoid world.

As @vanzandt says, it it hard to see an angle here with the petition as it is specific to the case.

 

[Van_der_Voort_4]

I lived in Africa for years so have a good eye for regions.

OT,
From my limited dealings with Africans i find Ugandans to be the nicest people and always in good spirit,both Christians and Muslims
And Mauritians the worst,maybe because of so much drug dealings going on on that small island

 

[nonlinear5]

20 cats (among which 5 are pregnant with quadruplets), 2 ponies, 1 donkey, 8 children, and 3 adults in the same household. I estimate that's 194 legs. And that's not counting Tina, the housekeeper who pretends to be a Nigerian, but is in fact Kenyan. Pretty much everyone in the family, including pets, trades futures with borrowed money, paying $500 per contract in commissions for each round turn.