Ponzi scheme targeting crew - Beware - do not become a victim.
Join Date: Apr 2005
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trading ...
All of you are trading their Health flying like hell ...
At least with TA***** , investment return is there .... !
Get 16 accounts for 2 years ... and I love it !
There is no Coffin with TA **** package !!
At least with TA***** , investment return is there .... !
Get 16 accounts for 2 years ... and I love it !
There is no Coffin with TA **** package !!
Join Date: Feb 2005
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Had the first cabin crew in the F/deck today asking if I had heard of the "Investment" scheme. Seems its running like wildfire around the Cabin crew. So sad for these investors.. 
SyB
SyB
God forbid you urge caution on this one, get branded a 'hater'!!!
same thing, gets mentioned at least every 2nd flight. When I try to explain they get their money because the next guy/girl along signs up, they say no it's all legit, 'some local guy is in charge' (like that's any guarantee) show the same chart posted here and about 30% say they don't care if it is a scam so long as they get their money. Nice! So basically half are just ignorant and too trusting of their colleagues and the other half don't mind to shaft the next crew in line so long as THEY don't lose.
I just feel sorry for poor Mary Jo investing so she can send her family back home to school etc only to lose it all....
Personally I think this should be a taboo topic onboard since the stopping of word of mouth recommendation would be the quickest way to kill it.
Hey, did any of you promoters notice that the words T and E are blanked out on this site? Wonder why???
STAY AWAY
same thing, gets mentioned at least every 2nd flight. When I try to explain they get their money because the next guy/girl along signs up, they say no it's all legit, 'some local guy is in charge' (like that's any guarantee) show the same chart posted here and about 30% say they don't care if it is a scam so long as they get their money. Nice! So basically half are just ignorant and too trusting of their colleagues and the other half don't mind to shaft the next crew in line so long as THEY don't lose.
I just feel sorry for poor Mary Jo investing so she can send her family back home to school etc only to lose it all....
Personally I think this should be a taboo topic onboard since the stopping of word of mouth recommendation would be the quickest way to kill it.
Hey, did any of you promoters notice that the words T and E are blanked out on this site? Wonder why???
STAY AWAY
I stuck a few key words and the letters t and e into Google and found this link
http://www.forexpeacearmy.com/forex-forum/has-anyone-heard-/35478-tadawulme-exential-group.html
http://www.forexpeacearmy.com/forex-forum/has-anyone-heard-/35478-tadawulme-exential-group.html
FX Ponzi schemes
I joined one in 2010,recommended from a friend.During the time in I withdrew small amounts as and when I needed it.Then last year the guy running it sent a round robin saying the US government had put a frezze on his broker in the US.Now we could not withdraw any money,all last year we kept getting mail saying his lawyers were on the case etc.Come Christmas the final letter saying "gee guys sorry to say I have been playing the field and lost ,no money so shutting down ,goodby"!!!!!
So there you have it and @ $200,000 disappeared!The guys name was JOE LEWIS and he is currently on bail in the UK and his assets(such as they will be)are frozen.He returned to the UK after his life was threatened by some of his less than savoury investors.
To all who read this and think they are doing well GET OUT NOW,if you don't you will regret it.I didn't lose a fortune but it paying for a decent lifestyle ,now at 73 I am looking for a short term job again!GET OUT NOW.
So there you have it and @ $200,000 disappeared!The guys name was JOE LEWIS and he is currently on bail in the UK and his assets(such as they will be)are frozen.He returned to the UK after his life was threatened by some of his less than savoury investors.
To all who read this and think they are doing well GET OUT NOW,if you don't you will regret it.I didn't lose a fortune but it paying for a decent lifestyle ,now at 73 I am looking for a short term job again!GET OUT NOW.
Join Date: Aug 2010
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Guys what you forget is this.....everyone has their personal goals, and choices....if people want to put their money and try this....go ahead....it is their call.....whether you are CA or F/O you can not stop them.....and not to mention you should not try either.
You don`t like this ``scam`` then don`t participate....simple.....opinion expression is one thing.....but to tell them NOT to talk about it on board is a different story.
Did you ask yourself the question....what if you are wrong?
I do stock trading on my own, and I was able to make just over $15,000 in 3 days......so I guess I am running a scam too......
You guys need to let people do whatever they want....it is NOT YOUR CALL.
BTW....you telling people to get their money out....if this is a scam.....then things will collapse that much faster on ALL INVOLVED......have you thought about that??? I guess NOT.
You don`t like this ``scam`` then don`t participate....simple.....opinion expression is one thing.....but to tell them NOT to talk about it on board is a different story.
Did you ask yourself the question....what if you are wrong?
I do stock trading on my own, and I was able to make just over $15,000 in 3 days......so I guess I am running a scam too......
You guys need to let people do whatever they want....it is NOT YOUR CALL.
BTW....you telling people to get their money out....if this is a scam.....then things will collapse that much faster on ALL INVOLVED......have you thought about that??? I guess NOT.
Join Date: Apr 2008
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You are so right Michigan777flyer. Never thought of it that way.
Shhhh tell no one.
Instead of 1000 victims, lets make it 2000, or better yet 10 000.
On second thought, what is their number? Let's help our colleagues out, invest and prop it up a while longer.
Only one quote springs to mind:
...............Winter is coming..................
Shhhh tell no one.
Instead of 1000 victims, lets make it 2000, or better yet 10 000.
On second thought, what is their number? Let's help our colleagues out, invest and prop it up a while longer.
Only one quote springs to mind:
...............Winter is coming..................
Last edited by jacek6; 1st Jul 2015 at 21:03.
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Typical CA approach......you want to have your hand in everything and try to fix everything.....
Why don`t you start by fixing the rest of the world as well????? While you are at it....you seem to be on a roll.
You guys need to stop controlling people......but I guess as a CA you must love that part of your job.
Once again this is a PERSONAL DECISION and CHOICE every person has to make for themselves.
BTW.....the person that said they are not authorized trader by the UAE CENTRAL BANK....you might want to do your home work a bit better.....I managed to find them on the UAE Central Banks website in less then 5 minutes......
Why don`t you start by fixing the rest of the world as well????? While you are at it....you seem to be on a roll.
You guys need to stop controlling people......but I guess as a CA you must love that part of your job.
Once again this is a PERSONAL DECISION and CHOICE every person has to make for themselves.
BTW.....the person that said they are not authorized trader by the UAE CENTRAL BANK....you might want to do your home work a bit better.....I managed to find them on the UAE Central Banks website in less then 5 minutes......
Recommendation
When you are shown a spreadsheet with the monthly increase and its two years old and still climbing then your inclination is to go with it.My friend attended a party in Bangkok with the "business man/financial wizard" and joined ,after being in for two years he(my friend) showed me and I joined.Every month I got a statement showing how much was made (or on occasion lost)and I was happy with it and even drew out three times to keep me accustomed in the style I liked(!!!).
Of course it ended up as Pie in the sky and was a hoax .Any clever guy can make a spreadsheet with a (for example 3% interest )increase each month for 800 clients whose money he has been using for other purposes.In this case the total is near $200 million .
So its my duty to point this out to others that may be uneasy after reading this thread and I hope they get their money,dont say you were not warned.
Of course it ended up as Pie in the sky and was a hoax .Any clever guy can make a spreadsheet with a (for example 3% interest )increase each month for 800 clients whose money he has been using for other purposes.In this case the total is near $200 million .
So its my duty to point this out to others that may be uneasy after reading this thread and I hope they get their money,dont say you were not warned.
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Typical CA approach......you want to have your hand in everything and try to fix everything.....
Why don`t you start by fixing the rest of the world as well????? While you are at it....you seem to be on a roll.
You guys need to stop controlling people......but I guess as a CA you must love that part of your job.
Once again this is a PERSONAL DECISION and CHOICE every person has to make for themselves.
BTW.....the person that said they are not authorized trader by the UAE CENTRAL BANK....you might want to do your home work a bit better.....I managed to find them on the UAE Central Banks website in less then 5 minutes......
Why don`t you start by fixing the rest of the world as well????? While you are at it....you seem to be on a roll.
You guys need to stop controlling people......but I guess as a CA you must love that part of your job.
Once again this is a PERSONAL DECISION and CHOICE every person has to make for themselves.
BTW.....the person that said they are not authorized trader by the UAE CENTRAL BANK....you might want to do your home work a bit better.....I managed to find them on the UAE Central Banks website in less then 5 minutes......
Imagine a world pre-2008 if the financial institutions had been regulated!!! Those few super-criminals would not have been able to rape all the hard-working people of their pensions etc. That would have been so unfair.
Just what is it about me and my morals that wants to stop a few manipulative Captains, FOs and Pursers duping 21-year-olds into taking loans and risking time in Middle East prisons.... I am such a leftie liberalist tree hugger.
Join Date: Jun 2002
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Michigan777flyer,
Of course the idea that we should not control people is a fair comment. Banishing talk of this from the plane is an over-reaction. However.......
Should my crew ask my opinion or wish to discuss it, I will certainly give my opinion. We know that nothing is ever guaranteed, not even money in the bank is safe.....ask the Cypriots and Greeks about that, so we know that when they say guaranteed return, they are telling porkies.
Many of these cabin crew are young and impressionable. Many of them are doing this off the back of personal loans. Surely you can realize the massive folly in this and the potential for abuse?
fx is very high risk. Look at what happened last year when the SNB announced they were ceasing CHF intervention. Many traders lost entire trading accounts, brokers went out of business.
I would never tell my crew not to do it, but I would ask them some pertinent questions and offer some Google links to help them with their due diligence.
I may be wrong in my opinion of this scheme, in fact I am not convinced it is a ponzi scheme.....I don't know enough about it, but if it is fx based, then they have not been upfront about the risks.
Of course the idea that we should not control people is a fair comment. Banishing talk of this from the plane is an over-reaction. However.......
Should my crew ask my opinion or wish to discuss it, I will certainly give my opinion. We know that nothing is ever guaranteed, not even money in the bank is safe.....ask the Cypriots and Greeks about that, so we know that when they say guaranteed return, they are telling porkies.
Many of these cabin crew are young and impressionable. Many of them are doing this off the back of personal loans. Surely you can realize the massive folly in this and the potential for abuse?
fx is very high risk. Look at what happened last year when the SNB announced they were ceasing CHF intervention. Many traders lost entire trading accounts, brokers went out of business.
I would never tell my crew not to do it, but I would ask them some pertinent questions and offer some Google links to help them with their due diligence.
I may be wrong in my opinion of this scheme, in fact I am not convinced it is a ponzi scheme.....I don't know enough about it, but if it is fx based, then they have not been upfront about the risks.
Once again this is a PERSONAL DECISION and CHOICE every person has to make for themselves.
You'd be shocked at the number of crew who hadn't even considered the possibility of it being a scam because 'It's Forex', 'it's registered by the bank', 'It's recommended by the company(!)' and so on... they are so trusting of their fellow crew that they take word of mouth and do bare bones (if any) research... THAT is what these people are relying on.
Trading stocks for YOURSELF is one thing Michigan, it's your money to lose and yours alone. Convincing other people to sign up for something, to someone who is trading the money of thousands of people, is another. You sound a bit like the crew who got really aggressive trying to convince another crew to join, he got super mad when I suggested that TO ME, it *seemed* like some sort of Ponzi scheme and she's do best to make her own independent, unpressured research and/or consult a financial advisor. It was something to see, that crew was really quite nasty/pushy about it. Why be like this if it's not necessary to have others join to keep the thing running? If it really is legit, wouldn't they be happy to recommend that people go get independent advice?
Also- just because something is registered with an entity, does not necessarily mean that entity approve or are even fully aware of what it involves. For all I know this thing could be completely legal until the day they pull the plug and run with the money. Legal doesn't always mean right or morally sound... look at the financial scandals in the US....
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Michigan ..... Anyone can make 15 k in 3 days. The important factor here is how large en initial investment was. Start with 100 USD and I'd say you are a genius. Start with 15 mill and I won't bat an eye.
I was burned in a Jamaican forex scam a few years ago, so I don't play that game anymore. I understand why you do it.....since I did it myself. The dream of a quick easy cash.
Here is a link to a long discussion about this company.
TadawulME / Exential Group:
I was burned in a Jamaican forex scam a few years ago, so I don't play that game anymore. I understand why you do it.....since I did it myself. The dream of a quick easy cash.
Here is a link to a long discussion about this company.
TadawulME / Exential Group:
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Michigan, we get it, you don't like captains and the chip on your shoulder is rather obvious (I'm guessing you took the career FO or flight attendant approach). Next, your post is complete drivel. The second lemming makes a choice too but I'm sure he would have appreciated some cautionary advice about the nature of gravity. So, from my throne on the left side, when some crew tells me about this wonderful investment that guarantees 100% return per year, I will continue make my personal decision and choice to warm people about these 3rd world con artists.
short flights long nights
A crew member was trying to talk to me into investing in this last November.
When I said to them, ..... If they are getting 10% it's a Ponzi.....all I got was a blank look.
When I said to them, ..... If they are getting 10% it's a Ponzi.....all I got was a blank look.
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Hi, guys! Consult at your Russian colleagues, they'll tell you many interesting things. Russia passed this way back in the 90s. I'm surprised that there are still those who don't hear about it 
Last edited by Anvaldra; 2nd Jul 2015 at 08:16.
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So are we saying that in general, all Forex trading should be viewed as a scam, or just this organisation and their brokerage house?
Automated Scalping of the international currency markets by robots through a managed account can be highly profitable. So much so that the practice is illegal in some states, including the US. For this reason it probably won't be around for ever and cannot be relied upon as a future source of income for retirement.
I don't personally understand the obsession by crew with this particular brokerage house. They do NOT guarantee 10% returns but you generally see a no less than 7% NET return pcm which you fully withdraw. It's not compound growth. There are many brokers offering a similar deal... Why not spread your risk amongst a few of them if you really are interested in this type of forex trading.
Any investment offering more than 5% return must be a scam?! Is all your provident fund still held in cash funds..
Automated Scalping of the international currency markets by robots through a managed account can be highly profitable. So much so that the practice is illegal in some states, including the US. For this reason it probably won't be around for ever and cannot be relied upon as a future source of income for retirement.
I don't personally understand the obsession by crew with this particular brokerage house. They do NOT guarantee 10% returns but you generally see a no less than 7% NET return pcm which you fully withdraw. It's not compound growth. There are many brokers offering a similar deal... Why not spread your risk amongst a few of them if you really are interested in this type of forex trading.
Any investment offering more than 5% return must be a scam?! Is all your provident fund still held in cash funds..