How can you make such an assurance, and then admit you aren't involved and don't know the inner workings? You know nothing!
The FACTS are this; Naive people were sold a steaming pile of "dream" by marketing experts (NOT financial experts or experienced traders), and lost over 60% of their funds in one day.
In the case of the marketing on this particular investment opportunity, you are probably absolutely correct... as time and time again, the company I work with has been practically yelling from the rooftops that over-zealous exuberance about ONE investment vehicle, or ONE strong campaign of WHERE to put your money, is red flag.
There is NO one-size-fits-all approach to investing. Bottom line. Final word. And, that means, an investor’s personal funds should NEVER be employed in just ONE speculative trading or investing vehicle.
In short, knowing the markets, adapting to their whims, and playing the game correctly all take professional skill and experience...
We know, thank goodness, that most of the financial industry plays with a level-head and most investors desire a rational and common-sense approach to 'money-growing' methods.
However, who is more to blame: the snake oil salesman or the buyer?
The reason I said it was not a scam is for two reasons (now bear with me, ALL OF YOU, on this and use your logical, reasoning brain function, not an emotional, 'I want their blood' irrational perspective):
1. As far as I know, Prophet Max, the trader, and the brokerage firm were all requiring an LPOA. That means, they ONLY had rights to trade the money within the account and nothing more. Now, that doesn't sound like a scam to me.
If they were personally taking client funds and creating a pooled group account, such as a hedge fund or otherwise, then I might agree with the people crying scam.
2. I happen to know people who had accounts for years. I am pretty sure those people had their accounts traded with the same profitable results that were broadcasted in their marketing. That is factual information.
Now, I am absolutely NOT defending their marketing. I think that building expectations too high is the absolute WORST thing someone can do in this industry. The risks NEED to be mentioned and not forgotten.
While people need to definitely take responsibility for any money they invested, we know that the risks of possibly losing all of one's money were heavily downplayed by all parties involved in the promotion of these services.
Leveraged Trading is a HIGH-RISK opportunity. PERIOD. It does not matter what anyone says about it. Sure, it is a great way to generate exceptional profits through accurate trading. And, it is a great way to 'beat the market.'
But, in the end, it is all SPECULATION. And, mistakes can happen, errors in judgment can happen, and money can be lost.
The truth is that THIS IS TRADING.
Which means: any losses incurred in your investment account will not be returned. That is the fact of the matter. The funds were transferred, as is the case in almost all trading, from one account to the next - from one investor to another (likely across the world). It is NOT like a bank account where an clerical error caused a refundable drop in your account.
The only money that MAY be refundable are the membership fees. That means that any membership fees returned will also have to be claimed by the referring party - i.e. the marketer who brought these services to light.
For your information, the company I work for has published an article on this matter entirely, and the reality of risk. It may be a sort of wake-up call to some of the people out there. And, it definitely shares the truth of what can happen in these situations.
If you'd like to have access to that article, simply go to this link:
When investing and human behavior collide: Painful lessons learned from millions lost
