Mike Baghdady - should I take a course or not?

What date did the Turtles collapse, when they carried away the furniture and closed up shop?

PFG filed on 10 July.
 
pboyles said:
What date did the Turtles collapse, when they carried away the furniture and closed up shop?.
Click to expand...

IIRC there are allegations on this thread by ex members of staff that the turtles were instructed to close positions several weeks before TT ceased trading.

You have to ask the question, did they even begin trading. There are certainly allegations that that where not funded as promised.

Baghdady openly admitted that the turtle program had ended during the ill fated fx street webinar, and that occurred months before the failure of PFG. Copies of that webinar exist, so his lies are quite easily exposed.

Checking back through the thread the fx street webinar took place in early may of 2012. Companies house records also show the resignation of most of the turtles where occurring around this time, at least 2 months before the PFG failure.
 
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Digbyarbuthnot said:
How much will Pikey Mikey claim from this? At least £500,000 because he's so amazing at what he does.
Which is lying, cheating and swindling innocent people out of their money. And NOT trading the markets!!!
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Did New Turtle Traders LLC run up any debts? Do they owe money to the Turtles that paid to get in? They are going to be struck off but Companies House will probably suspend this if a complaint is made.
 
pboyles said:
Seems he didn't pay the web developer either, looks like a home made job.
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Mike Baghdady's previous web developer, Johnny Al Khoury Issa, won an Employment Tribunal against Baghdady and Spyglass in 2010. Baghdady used three barristers against him, but the court still found in favour of the former developer, who unlike everyone else awarded a judgment by a court against Baghdady recently, did successfully receive a cash settlement from him.
 
Digbyarbuthnot said:
It is becoming reminiscent of his tribulations with Robbins Futures He failed miserably, lots lots of money and didn't pay his margin calls. In being pursued, he somehow tried to find fault with Robbins. Eventually he was found guilty.

Now he says that the turtle programme didn't fail because he's inept, a con man and full of bull, but because PFG went into liquidation? It's a staggering miss-use of facts and shows what a horrible con man he is!
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We have filed this as an alleged misrepresentation of facts, to the liquidator, Angela Kelly, FCCA of OWG Corporate Recovery ([email protected]) - and encourage anyone else who believes Baghdady has acted dishonestly with regards to TMZF Limited to do the same. She is presently investigating Baghdady personally, and is asking for any and all evidence against him and TMZF/Spyglass/Training Traders/New Turtle Traders, to be sent to her on this email address, asap. This is now more important than ever, because her official report findings will form the basis of a major story outlining exactly what has happened here...
 
This whole debacle, along with others, says more about the (non?) regulatory bodies in several countries. We already know the USA reg bodies couldn't find a ponzi scheme if it smacked them over the head.

Peter
 
wackypete2 said:
This whole debacle, along with others, says more about the (non?) regulatory bodies in several countries. We already know the USA reg bodies couldn't find a ponzi scheme if it smacked them over the head.

Peter
Click to expand...

You're right, and in almost all of these cases its because they didn't bother to look, despite having the information to hand.
 
In this video you get a glimpse of his e mail account, at 5.36am he received an e mail from Training Traders entitled 'management report for the month of October'. That was on 24/10/12


Training Traders Morning session - YouTube
 

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