F1 investments

[Payscale]

Hi,

Has anyone actually been paid back their capital from F1 six months after the have stopped.....or have they actually stopped trading the money?

Everytime I contact them they say I am not on this weeks list!!

[Instant Hooligan]

Still waiting here also. Getting a little out of hand and frustrating.

[sanddude]

Me think you can wait for an very longgggggggggggggg time. Ever heard about a ponzi scheme. Try to google it. While you, re at it, try googling F1 investment. Is some similarity there:bored:.

Don,t no **** about investments, but when its to good to be true...................:eek:

[Payscale]

Yawn! sanddude. Thanks for your keen observations. A little off topic though.

Wouldnt be surprised if the money is either lost longtime ago or is still being invested by the owners :hmm:

[Kennytheking]

Yeah, I am also waiting for my money.

Still, I don't think its a ponzi scheme. I did google F1 Investments and makes for some interesting reading......just highlights the lack of knowledge out there. People don't seem to understand how the FX market works and can't comprehend 100% plus returns.

I had a good chuckle at the mention of the fact that members of such funds often have no legal recourse.......tell that to investors in the highly regulated US market who were invested in the Madoff fund.....they got plenty of legal recourse but it ain't gonna help them jackschmit!

I hope they didn't pinch my money but I went into it with my eyes open and am prepared to lose the money:rolleyes:

[skyrocket]

Maybe its time to expose the trader from EK that got us all in this ****!!:ugh:

[Instant Hooligan]

Yes if anybody can name him please send me a private message would be very interested in chatting.

[40&80]

Hum....At times like this unfortunately I often have to take a look in the mirror to see the person who lost me my money.

[Payscale]

Amen... He didnt loose my money. I went into an investment knowing that I might loose everything. Didnt even know him when I signed up. However the boat was sinking when i sent my savings, and they shouldnt have taken more clients.

I dont see us getting the platinum capital anytime soon :*

[sanddude]

Payscale,
You still don,t get it. Of course they will take your savings, thats what prevents the boat from sinking! Thats the basic principle of a ponzi Scheme my friend:rolleyes:.

Anyway with predictions of 5 to 10% returns A MONTH, you must have realised you where not making an investment, but was just trying a (hopefully) small gamble, just for the hell of it;).

No need to identify our jamaican friend (nice guy anyway), he is most probaly a victim himself. Only yourselfs to blame gentleman. Greed has never been a good adviser:{. just don,t tell your wife:ouch:, and all will be allright!

[Kennytheking]

Hi guys,

:D Sanddude......very astute.....thank you.

I went into the forex market knowing the risks......I have even started trading myself. The problem is not the "market" risk, but the simple theft of our money!

I went in to this based on word of mouth recommendation of my colleagues, one of whom is apparently involved! If I cannot trust the opinion of my peers, who should I trust? Perhaps those financial advisors that bug me every time a mate of mine joins the company:rolleyes:

What I am getting at is that I think maybe we should approach this matter collectively. Payscale, do you have any ideas how we can create a list of affected people, so that we can at least create a group of people that have a vested interest......I don't believe the "I told you so clan" will be able to contribute.

I have said before that legal recourse means nothing, but theft is still a criminal offense and we can try make the world a smaller place for these people.

[Trader]

Kenny - I am not involved but I think your plan may work. Email all the pilots and get a group going and then contact F1 with that list. Make a LOT of noise, threaten legal action, going to the newpapers etc. They may pay you back just to shut you up. If it is a scheme you'll want to get paid back first before the money or the thieves disappear.

[jackbauer]

Hey Kenny, Nobody stole your money, you gave it to them willingly to invest and it died!! Sounds like the second oldest profession in the world to me. You gambled and lost. What judge will look on it otherwise? By going the legal route you will spend more hard earned cash and get nowhere. Next time remember if it sounds too good to be true.......

[Payscale]

Thanks you Sanddude...its much clearer to me now.

To all of us you did invest, we know where the money went, and thats the shame off it. I wasnt bad forex investment, but crime. Or so we are told.
Anyway. I started the thread not to get good advice and I Told You So crab.
I see if someone else has been paid. I hope he enjoys his Tiger Woods mansion...if they build it! :uhoh:

There is a yahoo forum about F1s happy customers...

[sanddude]

Payscale,

Not playing the "I told you so". Just wanna show the guys that with a bit of googling and research ( took me 5 min at the time) you can prevent yourselfs of being a victim of crime.

The guy behind the F1 investment has been a very well know type in jamaica for years. The jamaican SEC didn,t allow him to trade and took away his licence already years ago. Thats why he is trading from some ****ty island somewhere else in the carib.

The guy has been on the front pages in jamaica for years. No point in starting to get a EK victim list and get it into the news, because its old news. It was all on your fingertips, why not take 5 minutes before you put your hard earned dirhams into something.

This is the reason EK has the provident fund, and gives us the free session with mondial. There are a **** load of guys out there with no financial education and background. They should stick to the provident fund or start educating themselfs!

Thats all it is to it.

Anyway would not surprise me if they pay out one or two guys to keep the rest hopeful.

[wizard1]

With regard to the collective legal route I would be cautious about throwing good money after bad. Was involved on the wrong side of a property scam here in Dubai (Maz Actar) and although he ended up in jail we never saw a penny back. Its so slow, difficult, and the money's probably well hidden by now"in any case.

[Desert Diner]

Still, I don't think its a ponzi scheme. I did google F1 Investments and makes for some interesting reading......just highlights the lack of knowledge out there. People don't seem to understand how the FX market works and can't comprehend 100% plus returns.


You are kidding, right?

Unfortunately, stuff like this is low priority in the ME legal systems unless you are a sheikh!

There is way too much of this happening out here.

[Vorsicht]

People don't seem to understand how the FX market works and can't comprehend 100% plus returns.

I don't think anyone has any trouble comprehending 100% plus returns available in the FX market, it is the 100% losses that most people don't seem to have thought through.

V

[Kennytheking]

Hey jack,

Actually, they did steal my money. I am quite afay with the concept of risk, and I don't gamble.

Your assertion that I gave them my money and it died is nonsense. It is akin to saying that a girl in a sexy dress deserves to get raped. Maybe the investment is controversial, however, that does not give them the right to just up and dissappear with my funds.

Fact is, I have written off that money, but that does not mean that I should let them get away with theft.....my friend, that is not how we operate in a civilised society. All it takes for evil to triumph is for good men to sit back and do nothing.

I also do not seek investment advise from you guys. I have my own ideas about investment and use of risk capital.......and it clearly differs from your point of view.

As a matter of interest, I find that people that use the term "If it sounds too good to be true, then it usually is...", when they have run out of intelligent answers in a debate. I'm sorry, but I don't measure my investments by the idea that it is just crappy enough to be true.........

I have no intention of throwing good money after bad.....I have criminal pursuit in mind and that does not need to cost an arm and a leg, but it does take a bit of effort.

sanddude has a point when he says that I(we) could have avoided the problem with a bit more due diligence......all my investments produce returns......either in the form of cash, or in the form of experience. No-one ever said the school of life was cheap.

[Payscale]

Sanddude...

One question only... WHO is the owner of F1? and can you prove it? Its not the same as Olint...or is it? Show us your googleing expertise and why are there so many jamaican pilots investors if it common knowledge on the island that they are crook???

Payscale

[Togalk]

Does the name Bernie Madoff sound familiar?

[Payscale]

Yes it does but not in this connection.... since you and sanddune are throwing your google skills out there would you care to elaborate or are you just throwing names around...

Enlighten me please..:confused:

[Desert Diner]

My google skilz found this little gem:rolleyes: from the Jamaica Gleaner:

Under Section Three of the the Money Lending Act and Money Lending (Prescribed Rates of Interest) Order of 2007, there is only provision for the recovery of loans that carry an interest rate below 40 per cent per annum in a court of law. This is far below the super interest rates many of the current investment schemes have been offering to their lenders - between 118 per cent and 120 per cent per year on principal amounts that start from a minimum of $100,000.

High-risk investors have no legal backing (http://www.jamaica-gleaner.com/gleaner/20071202/lead/lead2.html)

So basicaly, under Jamaican law, its your fault for forcing them to give you such a high return on your investmetn:ugh:

[Payscale]

Thanks. No point in writing more on this thread.
The subject just attracts the "professors of economy".

[wuvulu]

I got some money last month, about 20K but that was through persistence, not everything and not enough but something.

[Spoogie]

I got some money also...most of it...and that was pure luck based on what I am reading. It seems that few people are collecting their money. I hope it all works out. I dont have much left there anyway....

[jmerc]

Anyone else receive any amount of their funds back?
The standard reply I keep receiving is
'We will be processing as quickly as we can , and we anticipate that your funds will be returned to you in a timely manner'.
:ugh:

[akachan]

Jmrec

I got mine back.
Dont believe the BS here about a ponzi scheme......

[JamaicanFlyer]

Boy we are all patiently waiting....lets hope for the best huh

[jmerc]

thanks for the confidence boost. will just have to wait. lets give each other a heads up if theres any news. cheers

[145qrh]

so " akachan" got his money back...Newly registered, 1st post, from the area where the scheme runs from....do we believe him!! or ????

[krkjam]

Dear Investor,

Thank you for contacting the United States Attorney's Office
regarding your investment with Overseas Locket International Corporation
("OLINT"), OLINT Corporation, OLINT TCI, TCI FX Traders, Ltd. The
federal government is continuing to investigate the operations of all
these entities and is working to recover funds to return to injured
investors. To add your name to the victim list for any of these
entities, please complete the information below and return it via e-mail
to: usaflm.david [email protected]

Criminal Case Update: David Smith pled guilty on March 30th, 2011.
Sentencing is set for June 16, 2011, 10:30 am., (date subject to
change). Once I've entered your contact information in the Victim
Notification System, you will receive further updates regarding the
case.

VICTIM INFORMATION SHEET

1. Name of Investor (i.e., you)
2. SSN - Please REMEMBER that this information is sensitive.
3. E-mail address, daytime telephone number and mailing address of
Investor.
4. Name of entity to which your funds were sent for investment.
5. Amount Investor invested in OLINT, OLINT Corporation, OLINT TCI,
TCI FX Traders, Ltd., or feeder club (U.S. dollars).
6. If invested through a feeder club, provide name and address of
operator(s) of feeder club.
7. Description of how Investor deposited Investor's funds, e.g.,
personal check, money order, wire transfer, and provide any
documents which evidence that such payments were made.
8. Date(s) Investor invested
9. List all withdrawals, redemptions, and encashments made in any
form out of your account(s), whether they were transferred,
transmitted, and paid to you or another party. Please provide itemized
statements and an aggregate total of the amount received from your
accounts(s).
10. Investor's account number(s)
11. Description of how Investor learned about David Smith.
12. Name of the person(s)/entity who solicited Investor to invest
with David Smith.
13. Copies of any documents Investor received from OLINT, OLINT
Corporation, OLINT TCI, TCI FX Traders, Ltd., or its representatives.
14. Any other information Investor believes may be useful.

Elizabeth Medina
Victim-Witness Specialist
U. S. Attorney's Office
501 W. Church St., S300
Orlando, FL 32805

[krkjam]

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Dear Investor,

Thank you for contacting the United States Attorney's Office
regarding your investment with Overseas Locket International Corporation
("OLINT"), OLINT Corporation, OLINT TCI, TCI FX Traders, Ltd. The
federal government is continuing to investigate the operations of all
these entities and is working to recover funds to return to injured
investors. To add your name to the victim list for any of these
entities, please complete the information below and return it via e-mail
to: usaflm.david [email protected]

Criminal Case Update: David Smith pled guilty on March 30th, 2011.
Sentencing is set for June 16, 2011, 10:30 am., (date subject to
change). Once I've entered your contact information in the Victim
Notification System, you will receive further updates regarding the
case.

VICTIM INFORMATION SHEET

1. Name of Investor (i.e., you)
2. SSN - Please REMEMBER that this information is sensitive.
3. E-mail address, daytime telephone number and mailing address of
Investor.
4. Name of entity to which your funds were sent for investment.
5. Amount Investor invested in OLINT, OLINT Corporation, OLINT TCI,
TCI FX Traders, Ltd., or feeder club (U.S. dollars).
6. If invested through a feeder club, provide name and address of
operator(s) of feeder club.
7. Description of how Investor deposited Investor's funds, e.g.,
personal check, money order, wire transfer, and provide any
documents which evidence that such payments were made.
8. Date(s) Investor invested
9. List all withdrawals, redemptions, and encashments made in any
form out of your account(s), whether they were transferred,
transmitted, and paid to you or another party. Please provide itemized
statements and an aggregate total of the amount received from your
accounts(s).
10. Investor's account number(s)
11. Description of how Investor learned about David Smith.
12. Name of the person(s)/entity who solicited Investor to invest
with David Smith.
13. Copies of any documents Investor received from OLINT, OLINT
Corporation, OLINT TCI, TCI FX Traders, Ltd., or its representatives.
14. Any other information Investor believes may be useful.

Elizabeth Medina
Victim-Witness Specialist
U. S. Attorney's Office
501 W. Church St., S300
Orlando, FL 32805

"Permit me to update you on certain facts as I can recall, to the best of my knowledge. F1 Investments has filed three law suits to recover funds and is in the process of filing its fourth, which is a claim against Olint. The initial case against the Maydaisy Corporation in Federal Court was adjourned due to a technicality, however the case was refiled with the Florida district court. I have also been made aware that the attorney's involved are working closely with various State Departments & other administrations tracking the funds for recovery and the persons who have been suspected of embezzlement."