Damon Elliott, Piptastic

Dim1978

Newbie
3 0
Did anyone follow Damon Elliott /Piptastic a few years ago? Just seen he’s involved in a multi million Dollar Ponzi scam and being investigated by the security exchange commission in the USA.
 

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Woodster1971

Newbie
1 0
Did anyone follow Damon Elliott /Piptastic a few years ago? Just seen he’s involved in a multi million Dollar Ponzi scam and being investigated by the security exchange commission in the USA.
Hi, I followed Damon for quite some time and was amazed to read about the charges from the SEC. He seems to have dropped off the face of the earth but I have to say, he always seemed like a sound bloke to me .
 

Dim1978

Newbie
3 0
Hi sorry for the delayed response. I also thought he seemed very genuine and uninterested in the money side of things. I thought his methods seemed sound and I did have some mixed success with them, but never seemed to be able to get consistent long term results which inevitably lead to early retirement from the trading game. Whilst being furloughed from work I decided to have another crack at it which led me to see if Piptastic was still on the go. When I saw the charges against Damon, I thought there must be an innocent explanation such as failure of trading methods and attempting to make back his clients losses, but it appears he carried out no trades just pocketed the cash.
 
 
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