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

nonlinear5 said:
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.
More...

You forgot the 15 exotic fish, 3 rothweilers and the 2 talking parrots (twins)...
 
Dear Van der Voort,
thank you for the idea. We sent today email and then letter to the Tom Naratil.
Let's see and hope that some good outcome will be.
Sincerely, I thought that other people involved in trading will feel scandalized and insulted and will step immediately and support, as you and few others did. Thank you! But here it looks more and more angry folks are coming in, with offenses and gossips, while they are still afraid to put even the signature, which cost nothing to them ..... strange.....Have a beautiful all!


Van_der_Voort_4 said:
Default on the property would be the result of alleged fraud when dealing with UBS combining the fact that they took out a mortgage and at the same opened trading account with same institution in an offshore location.

To solve this one needs to think like a criminal.
The cause of a default has some connection to trading account and OP family had to have money to trade to begin with.
No offense to OP ,but to some degree i get an impression that they would be the kind of people that someone would attempt to take advantage of.

Did trades execute on the exchange?
Why there was a delay in reporting back those trades and extra charges?
Why the money was withheld?

If allegedly UBS bank employee in the Bahamas had intention to defraud this family would be ideal candidate.Large family with kids, trading that means someone needs to watch those trades and this insures that to pay off that mortgage there was one remaining adults who worked regular job.OK that pays the bills and if the trading fails they will default ,it's obvious.

An article not exactly favorable about the law firm representing the bank

https://www.bahamaslocal.com/newsitem/1996/Bahamas_bank_sued_in_relation_to_Madoff_fraud.html
I said think like a criminal so i will end with same theme
If allegedly trades were not executed properly and caused the loss or not executed at all,because let's face it majority of traders lose, they get to keep the money and the house
You basically prey on the weak ,not on the strong

I give OP to some degree benefit of the doubt,because some guy showed up and had very keen interest to write negative posts on this matter, what a coincidence!


@CSEtrader

If you genuinely were treated unfairly in your trading and at the same time held a mortgage you need to get the ball rolling about the trades,since you claim trading made money.
And from a link below it appears that UBS in Bahamas has their regional HQ in New York which might be of help for you.

Client Complaints
To help improve the service we provide, we are interested in hearing your feedback. If you have general comments or complaints, please write us at:

UBS Financial Services Inc.
Client Relations
PO Box 766
Union City, NJ 07087

https://www.ubs.com/us/en/wealth/ContactUs.html
most importantly write here to top brass
make sure you address to them in person and send individual certified postal letters.

Our U.S. Headquarters

Visit our New York Location

1285 Avenue of the Americas
New York, NY 10019
212-713-2000

https://www.ubs.com/us/en/wealth/DirectionstoOurUSHeadquarters.html

Tom Naratil
is President Americas and President Wealth Management Americas (WMA) and a member of UBS Group AG's Group Executive Board.

As regional president, Mr. Naratil is bringing together the firm's best-in-class resources, talent and capabilities to create and sustain success for UBS's clients in the Americas.

https://www.ubs.com/us/en/wealth/about_us/exe_committee/tomnaratil.html
More...

QUOTE="vanzandt, post: 4644457, member: 493912"]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.[/QUOTE]
Sadly it is going the wrong way, Vanzandt. For what we have studied it is
Van_der_Voort_4 said:
Default on the property would be the result of alleged fraud when dealing with UBS combining the fact that they took out a mortgage and at the same opened trading account with same institution in an offshore location.

To solve this one needs to think like a criminal.
The cause of a default has some connection to trading account and OP family had to have money to trade to begin with.
No offense to OP ,but to some degree i get an impression that they would be the kind of people that someone would attempt to take advantage of.

Did trades execute on the exchange?
Why there was a delay in reporting back those trades and extra charges?
Why the money was withheld?

If allegedly UBS bank employee in the Bahamas had intention to defraud this family would be ideal candidate.Large family with kids, trading that means someone needs to watch those trades and this insures that to pay off that mortgage there was one remaining adults who worked regular job.OK that pays the bills and if the trading fails they will default ,it's obvious.

An article not exactly favorable about the law firm representing the bank

https://www.bahamaslocal.com/newsitem/1996/Bahamas_bank_sued_in_relation_to_Madoff_fraud.html
I said think like a criminal so i will end with same theme
If allegedly trades were not executed properly and caused the loss or not executed at all,because let's face it majority of traders lose, they get to keep the money and the house
You basically prey on the weak ,not on the strong

I give OP to some degree benefit of the doubt,because some guy showed up and had very keen interest to write negative posts on this matter, what a coincidence!


@CSEtrader

If you genuinely were treated unfairly in your trading and at the same time held a mortgage you need to get the ball rolling about the trades,since you claim trading made money.
And from a link below it appears that UBS in Bahamas has their regional HQ in New York which might be of help for you.

Client Complaints
To help improve the service we provide, we are interested in hearing your feedback. If you have general comments or complaints, please write us at:

UBS Financial Services Inc.
Client Relations
PO Box 766
Union City, NJ 07087

https://www.ubs.com/us/en/wealth/ContactUs.html
most importantly write here to top brass
make sure you address to them in person and send individual certified postal letters.

Our U.S. Headquarters

Visit our New York Location

1285 Avenue of the Americas
New York, NY 10019
212-713-2000

https://www.ubs.com/us/en/wealth/DirectionstoOurUSHeadquarters.html

Tom Naratil
is President Americas and President Wealth Management Americas (WMA) and a member of UBS Group AG's Group Executive Board.

As regional president, Mr. Naratil is bringing together the firm's best-in-class resources, talent and capabilities to create and sustain success for UBS's clients in the Americas.

https://www.ubs.com/us/en/wealth/about_us/exe_committee/tomnaratil.html
More...
 
CSEtrader said:
....But here it looks more and more angry folks are coming in, with offenses and gossips, while they are still afraid to put even the signature, which cost nothing to them ..... strange.....Have a beautiful all!
More...
What do you intend to do with the signed petition?
 
Slartibartfast said:
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.
More...
And here, I am not sure what is wrong with the white race, but we are supported totally by black Bahamian people. It looks to me that they have more opened heart, while we as white are trapped in our ego, nations, intellectual knowledge.
 
Last edited:
CSEtrader said:
Dear Van der Voort,
thank you for the idea. We sent today email and then letter to the Tom Naratil.
Let's see and hope that some good outcome will be.
Sincerely, I thought that other people involved in trading will feel scandalized and insulted and will step immediately and support, as you and few others did. Thank you! But here it looks more and more angry folks are coming in, with offenses and gossips, while they are still afraid to put even the signature, which cost nothing to them ..... strange.....Have a beautiful all!




QUOTE="vanzandt, post: 4644457, member: 493912"]Mick... I totally agree with your assessment of the extreme foolishness of what they did....
Why? We put our trust and our home at risk entering the agreement with the industry's leader. Where was our foolishness - after good success at the beginning, my husband been in the markets since 1993, circa, and since 2009 for three years we did nothing else, our main activity was to learn and practice.
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...
You think we were losing - no we were not. But was one episode which is worth to mention - September 18 2013.

Accepting the trade delay as a defense for dropping below 700K is gonna be a tough one though I suspect.
WFirst of all the very pretest of 700K kept in the account was fraud. Second, we think the court will examine our evidence and find our claim just. the honesty of the parties, when they are entering an agreement and performing it is one of the points supervised by justice, correct? So, if you have scheduled the flight and instead of the cab taxi is sending you a donkey and you will lose your flight, I believe you will win your case, if only you persist. In the trade executions, there is no difference.

I don't think thats gonna stand in court, unfortunately. Not being provided a platform might however.
Thank you, let's see and prepare. Now the issue is that we can not come to the court, even today UBS sent a letter, which is the base for another technical objection.

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.
This was our first thought, but being in this small island community, once the voice spread about some kind of problem no one would consider a fair price, the shark bite is expected and the overseas services would be very cautious. But now, knowing law and our rights better and harm done to us we believe it is also our call - to make this justice, for us and for all traders, for many reasons, just a few of them:
1. all trading orders have to go to the exchanges, adding to the volumes, profit of professionals, an experience of novice and not to the banksters daesk
2.no one is allowed to create boiling room. we are traders, we sacrifice ourselves for this very demanding craft and have to has no worries with service providers.

20 hungry cats huh? Damn. Thats not good for the local song-bird population I would guess.
More...
Why 20, does somebody sent us 6 more, ha-ha-ha! The birds are amazing, especially their songs minutes before sunrise, you don't have to has a watch, just ears.
And they will be saved - there are a lot of rats in this community, some of them have two legs and many are regular four-legged, and there is one holy man, working inside of the community who is feeding cats./QUOTE]
 
You must log in or register to reply here.
Back
Top