Hi All
I am another Aussie- live in Melbourne- who seems to have joined the growing band of Fleeced
VITOL/INTENX community.As shown below <some background to my own sad experience > Although I have sent this detail to the US NFA ( National Futures Association ) who I understand monitor their listing of traders/members on the Futures markets over there, I have the feeling that they can only gain some effect with members who are” registered “ as traders advisors ,could be wrong – not the first time—My question is who is responsible, and to what extent, for the actual listing of and description of a “member firm” on the NYMEX site . It would seem that there is no defined requirement e.g. licence ref no. to trace the credentials – or lack thereof—of any member. I will be following up on this but in the meantime if anyone more familiar with that particular process can offer insight would appreciate input.
Copy of some of detail sent to NFA on their website form Sept 26 06 about 5 PM.
Would also agree to this message being added to the growing evidence on GOOGLE , don’t know how to !! maybe the administrator of this forum can help. This seems to be the only effective way of making others aware before the event (apart from the sensible process of using logic to
never ever accepting cold call offers!!! Over the “phone )
Copy of some of detail sent to NFA on their website form Sept 26 06 about 5 PM
Vitol Capital Management Ltd
157 Chambers Street # 10
New York NY 10007-351
Ph /fax 1 646 224 8359
Toll free 1 888 487 9306
www.vitolcapital.com
NYMEX Division Non-Clearing Member Firms
Amongst others as shown on Current Website
· UBS AG · Umicore AG & Co. KG · Valero Marketing & Supply Co. · Vitol Capital Management, Ltd. · Vitol Refining Capital Management S.A. · Vitol S.A.
This firm, listed on the NYMEX Website as a non-clearing member contacted me in Mid - late July 2006 with promotion of assistance with futures option trading on the New York Exchange. They advised me to, independantly check the Nymex site for their status which I duly did
( and I also checked our own listing of Blacklisted overseas cold callers detailed by our regulator here in Australia ASIC (--Australian Securities and Investment Commission ) however at that time Vitol were not listed--- they are now !! since I checked in mid July. I also checked the internet at that time but did not unearth any thing to raise my concern.
Assuming that their inclusion on that site as a member was some evidence of authenticity I forwarded an amount of $USVia their clearing firm INTERNATIONAL AND CONTINENTAL TRADING through The Dah Sing Bank Ltd Hong Kong July 18 06.
On July 28 06 I T/Td a further $US amt to cover what was purported to be a total of 9 call options HUU06 & 3 puts HUU06.
An account in my name with INTENX " Exchange" Ref No 116-308-1948 was duly credited with these amounts.
The calls expired vitually worthless and the puts were purported to have sold for $5481.00 ea. with further calls/puts said to have been made with an EXPIRY of Sept 26.
A further transfer of $US amt. was forwarded on Sept 11 06 This time via UNIVERSAL TRADING Through Bank of China 19 Lock Rd.Tsim Sha Tsui Kowloon H.K.
The main individuals I have dealt with at Vitol is a Steven Cooper/ Kevin Hunt ( phone No 848 4879306 Ext 301)
others include :
Mathew Williams. Ron Jones Brad Brook all relative to “ trading room “
John Armstrong !! Compliance Officer “ reads out risks re futures/options.
Sreven Cole another “ Compliance Officer “
I must admit to some embarrassment in this matter for my gullibility which has no doubt seen my funds disappear, however I would appreciate any assistance you may be able to render in this matter and hope that if the worst is confirmed you may be able take some preventative measures to protect any further victims falling prey to what I suspect this arrangement to be.
I recently requested 2 withdrawals from the above account and duly received confirmation .
Unfortunately I have not heard any further from INTENX “ customer service”
