FX United Review: $300 to $10,000 CGAT forex
There is no information on the FX United website indicating who owns or runs the business.
A New Zealand “certificate of incorporation” for the entity “United Global Holdings Limited” is provided on the FX United website, however the relationship between the two companies is unclear.
The incorporation certificate shows that United Global Holdings Limited was incorporated on the 23rd of May, 2014.
The New Zealand address provided on the certificate is also used by numerous other businesses, suggesting it’s little more than a rented mailing address. As such, FX United would appear to exist in New Zealand in name only.
Two Directors are listed on the certificate, Rujina Begum and Priscila Lamoste Lustre.
A UK address is provided for Begum, which once again is used by a number of businesses. A residential address in Queensland, Australia is provided for Lustre.
Rujina Begum is also a listed Director for something called United Gateway Asia Limited, a former New Zealand corporation struck off in December last year.
Of the two listed Directors, Begum (right) is likely running FX United. Her name appears as the listed owner of the FX United website domain, which was first registered on October 15th, 2006.
The domain registration was last updated on August 12th, 2014, which is likely when Begum obtained it.
On her LinkedIn profile, Begum refers to herself as a “compliance officer” for Rational FX.
Rational FX is a foreign exchange business operating out of London.
Read on for a full review of the FX United MLM business opportunity.
The FX United Product Line
FX United has no retailable products or services, with affiliates only able to market FX United affiliate membership itself.
The FX United Compensation Plan
The FX United compensation plan sees affiliates deposit $300 to $10,000 on the expectation of a ROI.
Purportedly this ROI is generated through foreign exchange, specifically “capital gain auto trading” (CGAT).
CGAT investments are made via a twelve month contract, with affiliates paid a 30% deposit bonus.
Affiliates can withdraw funds before twelve months for a fee (3%), but only if the balance in their account is 150% of what they initially invested.
FX United also charge a 1% month fee on every affiliate’s fund balance.
Referral commissions are paid out on ROIs paid out to recruited affiliates, via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If a level 1 affiliates goes on to recruit new affiliates of their own, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
FX United cap payable unilevel levels at five, with commissions paid out as a percentage of the ROI affiliates on these levels receive:
- level 1 (personally recruited affiliates) – 12%
- level 2 – 4.5%
- level 3 – 2%
- levels 4 – 1%
- level 5 – 0.3%
Joining FX United
Affiliate membership with FX United is free, however affiliates must invest at least $300 in order to participate in the income opportunity.
Conclusion
Whenever I come across a forex MLM opportunity, they’re always particularly vague about who’s running the show.
You get a generic looking website, generic sounding company name and a whole lot of confusion.
FX United is no different, and I can’t think of any legitimate reason for it to be registered in New Zealand, when it’s quite clearly being run out of the UK. Ditto why somebody in Queensland, Australia, is listed as a Director.
To me that just screams something dodgy is going on, either on the trading side of things or potentially money laundering. A lot of that could probably be ascertained by disclosure of where FX United keep deposited funds, but that’s not disclosed on their website.
What you’re left with is a questionable scheme that’s asking for thousands of dollars, on the promise of ROIs you don’t really know the origin of.
The deposit bonus sticks out as pretty suss, with FX United seemingly creating money out of nothing.
The way I see it, if they are able to offer a 30% deposit bonus on funds invested, why don’t they just take a small loan out, do whatever it is they’re doing and turn it into millions?
Why bog it down with a 30% liability on every dollar invested and five-level deep referral commissions that almost double the forex ROI liability?
Makes no sense to me.
The sum total of all of this is an opportunity that comes off as pretty suss. You don’t really know who’s running it, from where, or what they’re doing with your invested funds.
That’s not smart business, making FX United an opportunity you should probably stay clear of.
Or where are they doing the trading and thus, licensed… Nothing about that either.
At least OptionsTrader made up some random ****.
Its a mega scam my and I will give the full details on the following later:
Platform they are using/their local adressess, names of IB, their bank account no, how it originated from Belgium n brought to NZ and finally how they got connected to local scammers – mainly 3 well known serial mlm and networking scammers, publish their SSM certs/office addresses and their photos for the whole world to see who these culprits are.
There are many more details that I will b sharing in my next post. Mr blog owner, you can email me and I can forward u all the evidence.
Hey Shah, why is this a scam? I’m thinking of investing. Do you know someone who has lost money?
A better question: is this company authorized to accept investments from YOUR country?
In general, forex investment needs to be licensed… by the country it is soliciting in. And this is rarely done by “international” companies.
A similar op, “Maxim Trader” had its assets seized in Hong Kong. It claimed to have a New Zealand license, incorporated in Seychelles… but was NOT licensed to operate in Hong Kong.
financemagnates.com/forex/regulation/hong-kong-regulator-freezes-maxim-capitals-assets/
So, where does that leave FXU? That I leave up to you.
If your due diligence consists of “If nobody has lost money yet, it can’t be a scam” I’m predicting major losses in your near future.
Hi Pualene, this company called FX United does not exist and it only exist as an online domain name.
The scam is directed to Malaysians and run by local scammers in collaboration with United Global Holdings Ltd New Zealand and this clearly show that there are no relationship between this 2 entities.
Another person who is named as a director of UGHL NZ is Brian Johnson and he was in Malaysia recently for their annual dinner and he was potrayed as the General Manager of FX United Asia.
I was invited for the dinner and just smelled something fishy is going on and started doing my research. That is when I found out 90% of their traffic comes from Malaysia and the money are deposited to the individuals whi calls themselves Introducing Brokers.
This IB’s have multiple Malaysian bank accounts where the money are deposited. This IB’s are conducting a system similar to the local bank which is accepting deposits and facilitating withdrawals. In Malaysia this is definitely against the law.
UGHL NZ who they claim is the company behind FX United does not exist in 228 Queen Street Auckland and I hv photographic evidence that it is empty and available for rental. The best part of it is, there are 83 companies registered at the same adress.
One more thing that you need to really know is that it is only active in Malaysia and run by local scammers who are well known in the MLM industry and are also serial scammers.
Do you know that this IB’s are earning RM100k to RM350K per mth. Please sit back and do a simple maths you will realise that a lot people are going to be “Madoffed”.
They claim that due to its origin and registration on overseas, they do not need the central banks license and they are hoodwinking innocent people.
Another important matter is that they are using MT4 platform which is created specially for FX United and known as FX United Client Terminal, as such the whole operation of the client and administration are controlled by the fraudsters.
My question is why arent they using the original MT4 platform?
And with regards to their claims that they are backed by more than 20 Liquidity Providers are just ludicrous because my findings have shown that there are no LP’s who are backing them. Their claim that LMAX is their LP is purely a bullshit, a call to LMAX shows that its a lie.
I came across a company operating this scam by the name FX United Power team and found out that it is operated by someone by the name Pandeyan Maruthamuthu under a company called FX United Power Sdn Bhd, a check with registrar of company shows that this company does not exist.
Upon further probing, this company has close to 10 bank accounts taking deposits from the investors.
So Paulene, please beware because Bank Negara Malaysia is already investigating this company and very soon the whole Mega Ponzi and Scam going to be exposed. SO BEWARE AND STAY AWAY FROM THIS SCAM.
Lastly, a formal complain was lodged with Scamwatch Australia with regards to this scam and a report has been made to High Commission of India with regards to these scam and the name and passport numbrs of these scamsters.
So nye for now, in my next post i will give more information about how this whole scam started and who are the people behind it and how an online Hawala system was created to bypass and cheat the banks and how it is now misused to cheat the general public.
I will name each scammers from NZ, UK ànd Malaysia- their whereabout, home adress, family background and every single details about these scammers so that in the event their scam is busted by the regulatory body, the victims knows where to find them.
So Malaysians please stop being ignorant and stupid and do a little bit of research and please stop being greefy and gullible.
MY DEAR FRIENDS, BELIEVE ME ITS GOING TO BE THE NEXT BIGGEST SCAM IN THE HISTORY OF MALAYSIA. GOOD NIGHT AND MAY GOD GUIDE YOU AND GIVE YOU WISDOM TO SEE WHATS RIGHT AND WHATS NOT.
Paulene do know in this kind of Mega and well articulated scheme the losses does not happen sporadically but more like a Tsunami whereby the whole bunch of ignorant and greedy lot going to get screwed all at once.
Hi All …. very interesting investigative work. How does one verify the company is a genuine brokerage firm?
I too enroll in an oversea brokerage firm based on friend’s recommendation. These are legitimate trades (I hope) as we are trading equities.
However back to the same basic question – hoe to differentiate between a genuine firm form a fraudster like FXUnited.
Cheers
Shah …. you have done your homework well. Why are you holding back from naming the scammers? Is it because it could backfire and made you liable for defamation? I guess its will be difficult to prove until shit hits the fence.
Keep up the good work.
Cheers
A genuine one is licensed to operate in your country, at the minimum. If they can’t even manage that, they CANNOT be legitimate.
Furthermore, even ones that may be licensed somewhere can be fake, and some even steal legitimate company’s credentials, merely rewrite them slightly to sound legitimate.
Overseas means you are NOT under protection of your laws. If anything happens, it’s unlikely ANYONE will be held accountable. You would be totally on your own.
I did invest in it and it has never failed to pay what it promised. It always top up the capital whenever its EA lose money – 6 times already – 6 times top up is so unlike a scam company.
Anyway, scam or not, I am not worried. I have got my money back in less than a year. Even my friends who went in were told the caveat:”invest only your spare money; don’t cry if this possible musical chairs stop”. So no issue for us!
If any of you are scared to go in; don’t! Let us with “titanium balls and boobs” profit from it (maybe lose). However, overall, we win because we know how to play the game!
….after all, what is forever (other than diamonds)?
No offence meant, but I say that the above report is full of inaccuracies and misunderstandings.
I, being one who is fully immersed and wet in the game, knows that 150% point is misunderstood – it refers to an entitlement of trading profits and nothing to do with withdrawal of capital.
With the “rule of the game”, we all know that it is as good as: “we might as well be content with 28% of broker’s fees and forget about even smelling the trading profits (or losses)!” After all, let the golden goose have something to eat (keep its profits) and survive.
Back to “nothing is forever”, tell me: how long does an average company last? 1 year? 3 years, 10 years? Answer: 90% of companies fold within 5 years! Are you expecting this company to be around forever? You’re not so naive, are you?
So the wiser move is: make (hopefully not lose) some big cash flow while the opportunity is available and spread it out to other passive income investments available. It’s a full time career to “preserve your wealth” and that’s exactly what I am doing as a full time investor! If I don’t look after my wealth, who will?
And I am currently guiding 230 people how to “mind their own business (wisely)!” Anybody want to learn from me?
Hi Private Investor,
You may refer to forex100 broker review sites for more info. We are a group of scam busters based in U.S and we do not deal with anyone directly.
For your information a formal complaint was lodged in New Zealand Financial Market Authority for conducting brokerage without a Derivative Issuer Licence. We shall wait for their reply and see whats the next course of action.
Bob li,
Simple answer- verify whether they are regulated, if its not rhan stay away from them. Example- if its a NZ company it need to have a Derivative Issuers License from Financial Market Authority and if its Australia than it needs ASIC license, simple.
So when they tell you a FSPR registration is enough, dont trust them
Shah, interesting facts and data you have collected regarding about FxUnited operations and etc… I wish to join and really want to join FxUnited because of its high return (144% p.a) and willing to loan money just for it…
Tell me, in a 3rd world country where income is ridiculously low, and money is the main needs to survive, how to make more money??
I’m no longer referring to FxUnited but how to earn more money? I’m a UK graduate and earning less than 3k monthly…
@Dezter
Move.
And this isn’t the place for personal financial advice, so don’t ask.
As long as they are paying, if you want to get involved, just gamble what you are willing to gamble, say 10k. Many of us have lost more than that in the freaking stock market but yet everyone is still trading stocks like it is some big shit and like it makes you a man.
Yet when companys like FX United comes up and have been paying their dues diligently, but yet everyone is still so sceptical. Stop thinking too far and just jump in if you have the balls or stay out and dont even bother to investigate and create fear.
Your only gamble is untill you regain the ROI of the investment that you chose to put in. After that put that ROI away and let their money make more money for you till they get busted, close down, run away or whatever.
Thats the small risk that you take till you get back your ROI. If you cant even stomach losing that, then just stay out of the game.
No need for nosy pokers and big time Magnum PIs’to snoop around and give you a half baked pie.
Everything that they say are also just in words. Where is the whole proof of wrong doing besides another post.
Who… the victims you’re scamming?
What a terrible person you are.
It’s called a business model. That you haven’t looked at it beyond your hip-pocket is obvious.
So you’re basically Cipher in the Matrix… As long as you get your “juicy steak”, f*** everybody else.
Oh only 10k you just have lying around. Said like a true ponzi player.
They pump and dump and on to the next ponzi. Its not a risk when its a planned attack on these scams.
We had to scheme a plan to nab the scammers and came up with a plan to get this scumbags. As cunning and conniving as they are,they responded by using fake names and giving fake positive reviews.
Due to this reason, we were unable to pinpoint the fraudsters and refer them to the authorities due to lack of contact details.
We just had to wait for the right time and Voila, a girl by name of Nora responded and she gave out her original identity, contact number and her work place address. Apparently she works for FX united Power team Sdn Bhd.
This is a beautiful admission, thus we gathered all this admission and forwarded to the relevant authorities.They are working on this case.
Just wait for awhile and you scammers will know we were not joking and for Nora none of the scammers IB’s and MIB’s will come to your aid when you are counting bars.
As for SK, you have demonstrated a typical selfish, arrogant and prideful attitude which is common among MLM and Ponzi scheme perpetrators. You think you are cool to lose that RM10K, think about it again.
This scam is a member get member scheme, as such many people are bound to be hurt when the whole scam close shop.
I have been a forex trader for 8 years, I’ve traded in legitimate forex brokers such as fxcm, instaforex, fxcc and also in fxunited.
I have been trading not so actively in fxunited since early 2014 on their winst plan. So i will give my opinions regarding on fxunited,
1. FXunited is not an investment company, however they are a forex broker, and base on my research this is what I have found and they are regulated: fxunited.com/download-documents.php
2. I believe their winst plan is a brilliant idea, as it encourages traders to teach other new members to trade in forex.
The upline will earn through every trades done by their downlines. Even on this blog, the calculation is wrong. Now let me correct you. The 85% is from the trading activity which is from the downlines spread not ROI. Honestly at that time I was amazed though i am not really an mlm guy myself.
This is the winst plan (manual trading): fxunited.com/partnership-affiliate-program.php
3. So if im not mistaken around september 2014, they launch an EA (expert advisor) to trade for depositors automatically with a minimum returns of 12%, not bad although with manual trading i can earn more at times, so i took that as a side income and also hoping to learn to trade patterns by the robot.
This is their CGAT plan (auto trading): fxunited.com/cgat.php
The author of this blog has wrongly quoted their manual trading plan and has compared it with their CGAT plan which is wrong information. Have a great day.
The CGAT plan requires you to have at least a USD300 (WINST/MANUAL trading account) before you can participate.
So as what I believed at that time that this was suppose to be a side income while we all focused on manual trading. Did some research and this is the calculation of the cgat plan: (link to affiliate recruitment spam removed)
However, after 2 years and I am looking at all this accusations, first I suggest you people understand that they are a forex broker, not an investment company, I believe through the network marketing, things went out of proportion.
From a STP broker that offers a very high payout affiliate plan, to now label as an investment/ponzi scheme
I still have many friends who are manually trading in fxunited because they have many downlines who are also manually trading, and I have many other friends who treat this as an investment company when they are actually a forex broker.
I also have a group of friends who label it as a scam, but those who label it as a scam actually do not understand their business model. Alot have actually mention that bnm can take action, how can they take action on a forex broker outside their jurisdiction?
Instaforex has been blacklisted by bnm for years and they are still running strong because its outside their jurisdiction, you trade or participate in the forex market at your own risk.
Please visit BNM website, at the top click “Fxadmin”, you will see two downloadable documents related to forex. It explains the forex trading is allowed. But forex companies cannot established in our crony protected country.
My conclusion, if you really want to invest, again do not put your life savings inside as i am sure the funds you deposited are not insured. Do not put all eggs in one basket and don’t be greedy.
I invest $300 to $10,000 with FxUnited, who offer me a passive ROI.
It’s a Ponzi scheme at worst, an unregistered securities offering at best (NZ registration is meaningless).
Enough with the pseudo-compliance BS.
NZ FMA issued a warning and alert notice on FxUnited on 4 May 2016.
Thanks for the heads up. Guess that coincides with the affiliate rahrah posts we’ve been getting lately.
Hi friends,I am planning to invest in winstplan and CGAT with fxunited.
After read through all review on Fxunited, i get confused, please advice.
Tq
What exactly are you confused about?
(Ozedit: This is not the place to ask for personalized investment advice.)
Sorry I can’t find the reason why FX name is blacklisted. Also saw that there is another name.
Powerteaminternational also in the list.. Does anyone really know why they are blacklist.. Thank you.
Seriously… it’s right there on the FMA website and the article you’re commenting on.
Give me strength…
Hi all,
Just want to gives some opinion. MT4 is created for forex brokers used and not created for FXUnited. Many forex brokers is using MT4 as their trading system.
I believe FXUnited is the first company to use binary member methods to its members. It just like other MLM company, starting is all rumors stated and claimed it is scam and stuff like that. Even it happen to many MLM like Amway?
I been trading quite many years, use FXCM mostly. Have their own trading platform and was license in US and UK and many companies. I do believe this FXUnited have many members from Asia instead of Europe and USA. I do find this strange actually.
Their CGAT system is fine because many auto trading can earn more that this. My question is lots of people say scam and many say its not. Does anyone can prove it by showing on youture or something that your account in FXUnited and in trading (MT4) showing your balance, withdrawer and your bank account stated the money really goes back to you accounts? So far I see none.
Malaysia never approve or legalize forex brokers. Cos gov cant tax the traders. Many forex brokers is under watch by BNM which they cant do anything.
Time will tell. Lets wait and do research more. Until someone proven to me that their income is really there I still have my doubts in FXUnited.
I’m sorry, what?
There is no legitimate MLM company that is operated by who knows who from who knows where soliciting up to $10,000 in an unregistered securities offering.
CGAT might be legitimate enough on its own, but when combined with an MLM compensation plan compliance issues must be addressed.
Amway was sued to the point of death and agreed to reform its ways and FTC showed a little mercy. It was not a rumor.
Your education on MLM appears to be woefully incomplete. Furthermore, an investment company is regulated by the SEC, not FTC.
Please make an argument at least SOMEWHAT relevant rather than with random unrelated points.
Well it just my opinion, no need to get upset. Still waiting someone to prove to us that FXUnited is scam or not.
Be open mind, dont you Oz and K.Chang too negative on this topic? Have you been scam by this FXUnited before?
I reply with my opinion, not side with FXUnited. Why act so offensive anywhere?
Don’t confuse your getting wrecked with anyone being “upset”.
You invest $300 to $10,000 with who knows who operating from who knows where… something something … you get paid a >100% ROI.
Yeah no, totally a legitimate MLM opportunity.
The hell does an open mind have to do with analysis of a business model? Ditto your opinion…
Why wait for “proof” ???
Prove it for yourself
Double – no – QUADRUPLE your investment
Sell the farm, sell your shares, tell your parents to cash in their retirement funds
THEN you’ll get all the proof you need, without having to listen to more experienced people who are trying to warn you.
Hello again, nah… i have my patient to wait. No need to sell anything. We will see… 🙂 (Ozedit: Offtopic derail attempt removed)
Not really getting through, are we.
Patience and waiting has nothing to do with FX United being a scam. It’s an unknown business model, you invest and they pay you a ROI.
That’s a securities offering and FX United are not registered to offer securities in any jurisdiction.
No, it just that time will tell if this FXUnited being scam or not. I have time to wait thats all.
And like I’ve said, time has nothing to do with analysis of a business model.
Don’t let that get in the way of your excuses but…
Why did you offer it, if you don’t have any evidence to back it up?
So what will you do if it is indeed a scam? Who and where will you sue?
You must have quite a bit invested to make the wait worth your while then.
Yet in the end scams are always costly anyway.
Hi friends…i read all your comments and would like to share my opinion. I joined FXUNITED in June 2015. Almost 10 months now. First I thought it was scam. But i was wrong…..i am paid monthly 12% (actually 11% only after deduction of 1% admin charge).
Its a forex and not an investment….pls understand that first. I got back my money put in CGAT in three months after 5 people sign up under me.
What else to worry…..my downlines too got back their money ready. I am happy with CGAT plan by FXUNITED.
Yeah so uh… that doesn’t make it any less of a likely Ponzi scheme.
Sure it is. You deposit funds with FX United and get a pasive 12% month ROI. That’s an investment.
More power to you. Screw whoever it is you’re stealing from right.
Forex trading is trading and has highs and lows, you win some and you lose some. Did you decide on what currency to trade?
If you didn’t, you were not doing any trading. You were investing.
K. Chang: What did I offer anywhere? Opinion not necessary need prove.
K.Chang: So what will you do if it is indeed a scam? Who and where will you sue?
Answer: Simple – stay away and let everyone around us to stay away. Sue what? I didn’t invest?
You basically said “leave the possible scam alone”, despite evidence that pointed to it being a scam.
Thanks for demonstrating your motivated ignorance.
K.Chang – I never mention anything about supporting them.
Then tell what you can do now? Sue them? Report them? Join more forum and inform everyone that its a scam? Be clear about ignorance and patient.
Wait does not mean I did do anythin. Free speach my friend.
@Choong
Ever hear “put foot in mouth?”, be careful in what you are trying to type.
I never said you did.
hi , why not your guys go to join fxunited Singapore and see how it is … you will have a winst account usd 500, then cgat acct ( min usd 1000, max usd 10000) and you are only allowed have 10 cgat account.
first account you are free, but for 2-10account, you need to pay another additional 300 Singapore dollar.
fist year they will give you 12% 2 year you will have 9% after that 5% each year … you can withdraw anytime but need to pay 3% usd per account… their company valid till 2020… yes they use your money to get more money, and only give you 12%,9% 5%, but if you put your money in the bank, you have 0%.
you will get your money back 18months, after 18 months, you are safe.. you also have another issue, when is FXUNITED will be closed .
@chron
Because you don’t need to join a business opportunity to evaluate a compensation plan.
Lol. Thanks for the early morning laugh.
Not that I’m recommending it, but 0% interest is still better than losing it all in an unregistered securities offering run by anonymous admins you know nothing about.
Haven’t you heard the Chinese proverb: Those playing the game are confused, those spectating see it clearly? 當局者迷，旁觀者清.
Did you know FXUnited had been declared “unapproved/not registered” in Malaysia for a while?
Maybe your guys’ world only black and white 2 colors ..
” Don’t have Legal license , has been fined … brokers can adjust your rate ….”. As long as this company runs business and shows their promises, what’s the problem.
Example: A Hospital did not have some license , doesn’t mean the hospital can not operate . We still go to that hospitaL .
We know they use our money to get more money, or use our money to pay ourself /others…. unfair , please lah , as a layman, get 12%/month back and 18month later you are safe …
The only risk is when Fxunited will run away. Why still unhappy …….
Maybe. You guys talk about justice, don’t want to be fooled…. Eh that’s another issue …
Let’s see when Fxunited will be end ….
Let’s = Let “US”
Let’s make a deal, shall we.
“YOU” invest with FX United and wait 18 months to find out if you’ve been conned, while intelligent people sit and watch you make a fool of yourself ???
How about that ???
When newly invested funds run out. Herp derp.
What imaginary fairyland do you live in?
Best of luck running an unregistered hospital in civilized society.
You know nothing. FX United is run by anonymous admins from who knows where. You have no idea what they do with your money.
Hi All, thanks for sharing.
Just quote Kang ‘s opinion “if you really want to invest, again do not put your life savings inside as i am sure the funds you deposited are not insured. Do not put all eggs in one basket and don’t be greedy.”
Play with your money first and see if it is a scam or not. The burden of proof fall heavily on the accuser.
Bring your proof and witnesses. Opinion doesn’t mean anything.
Btw, the people who writes this didn’t do his research properly in terms of bonuses if you refer to the original website.
Try put your money first and see if you will lose your money or not. Proof us wrong.
You don’t need to “play with your money” to examine a business model.
Exhibit A: FX United’s compensation plan.
When it comes to business model analysis in MLM, there’s no better research than a company’s compensation plan.
What your dumb ass did was try to counter that with scam apologist rhetoric. Good luck with that and here’s to losing your money.
We were approached by two people whom we know, about FX United. The investment plan seems very attractive and it’s like a good way to make money in these tough economic times.
But after seeing the negative comments here, and many MLM-like people trying to defend the whole FX United thing, I now have second thoughts about investing with them…
Maybe it’s better to stick to trusted ones like Affin Hwang, RHB Investment, CIMB Principal, TA Investment Management, etc.?
Classic scam shill comeback, attempting to negate the role of due diligence by appealing to greed.
The burden of proof of legitimacy and sustainability ALWAYS falls on the person wanting investors’ money. And this ‘scheme’ doesn’t cut it in any shape or form.
Anyway, what do you care what anyone else thinks? Go ahead and ‘play’ with your money.
Shah, awaiting for your proof of the authorities reports.
Hi Gethu,
We are not sure whether you are a FXunited apologist, someone who is really concerned or trying to insuanate us.
We have temporarily ceased our online awareness programm with regards to This scam but we are definitely busy doing the right thing to show the world what FXunited us all about and we are actively involved in offline awareness program including working together with a few authorities.
Do you think FMA simply made announcement about this scam.
Do you know that the the scammers claim that you dont have to pay tax due to its origin from overseas, pure bullshit.
And you know what we did, we just reported to the Malaysian Tax Evasion department about a scammeer who bought a BMW 7 series together with the pictures and and other evidence.
Big mistake they did and you scammers patiently wait for the outcome from the investigation from the tax department.
And now, they claim FMA announcement is insignificant because FSPR still recognizes them due to their Ombudsman Scheme.
Now dont be too happy, very soon FSPR? Let us keep it a secret and you will know the outcome from FSPR soon, we promise.
Do you know that after exposing Brian Johnson and Rujina Begum in several fx forums and their scam, they ceased their directorship and passed on the scam to Priscilla Lustre, and she is a single individual holding 100% shares. Ridiculous.
OKAY NOW LET ME TAKE YOU TO ANOTHER LEVEL AND HOW BRIAN JOHNSON IS INSTRUMENTAL IN CREATING SCAM AND SHAM ORGANIZATION AROUND THE WORLD.
HAVE YOU HEARD OCEAN SKY AND REZA MOKHTARIAN, IF YOU HAVE NOT HEARD ABOUT HIM, PLEASE DO YOUR RESEARCH.
HAVE YOU HEARD CAPITAL TRUST MARKETS?
DO YOU KNOW WHO CREATED THIS SCAM AND HOW IT AFFECTED THOUSAND OF PEOPLE AROUND THE WORLD?
Refer to following link
business.govt.nz/companies/app/ui/pages/companies/4623222/20493618/entityFilingRequirement?backurl=%2Fcompanies%2Fapp%2Fui%2Fpages%2Fcompanies%2F4623222%2Fdocuments%3Fstart%3D0%26limit%3D1
THIS IS THE DETAILS OF THE RETURNS FILING;
NOW CAN YOU SEE HOW THIS BUGGER DUPLICATED OCEAN SKY SCAM AND GATHERED SOME MALAYSIAN SCAMMERS TO CHEAT GULLIBLE, GREEDY AND BRAINLESS MALAYSIANS.
PLEASE REFER TO THE ADDRESS, THIS IS THE SAME ADDRESS WHICH THE MALAYSIAN SCAMMERS WERE USING BEFORE THE QUEEN STREET.
CAN YOU ALL SEE HOW THIS BUGGER BRIAN JOHNSON CREATE SCAMMERS WITH HIS “START A BROKER” PACKAGE.NOW WE HAVE A FEW MASTER SCAMMERS IN MALAYSIA WHO ARE DUPLICATING OCEAN SKY/CAPITAL TRUST MARKET.
SO YOU PEOPLE OUT THERE, USE YOUR WISDOM AND WITH ALL THE PROOF THAT IT IS INDEED A SCAM AND THE END IS NEAR, YOU PEOPLE STILL WANT TO SUPPORT THIS SCAM.
MY CONVICTION AND BELIEF- FXUNITED IS GOING TO END UP LIKE CAPITAL TRUST MARKETS VERY SOON BECAUSE THAT IS THE WAY IT SUPPOSED TO BE, THIS BRIAN JOHNSON HAS CREATED AND WORK HAND IN HAND WITH THE LOCAL SCAMMERS TO CHEAT INNOCENT BUT GREEDY PEOPLE.
NO WAY OUT YOU SCAMMERS, YOU FELLAS ARE GOING TO SUFFER THE SAME FATE AS REZA MOKHTARIAN.
And you idiotic investors and apologist, you are going to suffer more because you are not going to get a single cent back when this scam is busted, and it is coming very very soon.
Do your research and you will find out that the fake IB’s are already opening accounts in Panama. You think we are joking right? Wait for my next posting with the full details.
To Private investor- we know who you are and what was your latest luxury purchase, so dont fook around, we have all the details including where you live and where you travel.
And very soon all you scammers, you will face the same fate as Reza Mokhtarian.
Gethu, to answer your question- we have already gone further and we are working with the authorities to take appropriare actions against these scammers and as such we have toned down our online awareness and expose.
LASTLY, IF YOU MEMBERS ARE STILL BLINDED BY THESE SCAMMERS, YOU ALL ARE GOING TO GET FOOKED THE SAME WAY REZA MOKHTARIAN FOOKED THE CANADIANS AND PEOPLE AROUND THE GLOBE.
SO YOU DECIDE AND BE YOUR OWN JUDGE.
FXUnited is a pure scam / ponzi. As Shah highlighted, it is only a matter of time before it collapse. They duped people to invest in so call forex trading.
Seen people with zero knowledge about trading jumping in to invest in this scheme. And scary things is some of them are resigning their full time job to do this “TRADING”.
Peoples who are looking for “Easy Income” and as Shah mentioned “INNOCENT BUT GREEDY PEOPLE” are the main “Victims”.
And now another Forex scam (heard it is a spin out of FXUnited) are spreading like wildfire. “VENUSFX”.
So, people please be aware.
Historic data for addresses change for UNITED GLOBAL HOLDINGS @ FXUNITED
SO ALL YOU FXUNITED APOLOGIST, CAN YOU ANSWER WHY THE CONSTANT AND FREQUENT CHANGE OF ADDRESS?
WE HAVE QUESTIONED THE SO CALLED IB’S AND MIB’S AND EVEN QUESTIONED THE SO CALLED UGHL DIRECTOR, BRIAN JOHNSON BUT THERE ARE NO ANSWERS.
SO WE WANT TO ASK THOSE WHO INVESTED INTO THIS SCAM TO GIVE A REASONABLE ANSWER TO THIS CHANGES.
MORE EXPOSES ON THE WAY MY DEAR SCAMMERS. WE ARE SO TEMPTED TO TELL YOU SCAMMERS WHAT’S NEXT BUT WE BELIEVE, WE HAVE TO KEEP THE BEST FOR LAST.
SO, WAIT YOU SCOUNDRELS, WHEN WE TOLD YOU AND POSTED OUR LETTER TO FMA, MANJIT SINGH, YOU LAUGHED AT US. NOW SEE FOR YOURSELVES WHO IS THE CLOWN/JOKER END OF THE DAY.
ONE MORE QUESTION, WHY THE HELL IS THIS COMPANY INVOLVED IN FXUNITED WHICH BELONGS TO BRIAN JOHNSON WHO CAME TO MALAYSIA AND INTRODUCED HIMSELF AS THE GENERAL MANAGER OF FXUNITED ASIA. BRO, PROOF ME WRONG, YOU CAN SEE YOUR SPEECH IN YOUTUBE, SEARCH FOR YOURSELF.
FX Intelligence Ltd, 41 Shortland Street, Plaza Level, Auckland, 1010 , New Zealand
Hi Guys,
I have invested in FX United more than a year now and everyone keep profiting as promised. I don’t understand what you guys keep blabbering that this is scam company because I don’t find any single person that get cheated by FX United.
The funny part is only those never invest in FX United keep telling this is scam company. Company keep growing and people keep profiting.
—————————————————–
That’s funny, nothing about how they are offering unregistered securities or which regulator they’ve registered their securities offering with.
Just shallow rhetoric and baseless claims from anonymous admins – whom you still have no idea what they are doing with your money or from where. This is not how legitimate MLM companies are run.
I did enjoy the baloney about a multi-million dollar office in Indonesia though, thanks for the laugh.
Suresh, that’s the most unprofessional and poorly written corporate response I’ve ever read.
If I were you, I’d be feeling worse – not better – after reading that drivel.
Management?????? Really!!!!!
Dear Suresh
Charles Darwin once noted, “Ignorance more frequently begets confidence than does knowledge.”
We all know the modern man to whom Darwin refers: the unemployed “musician” who must inform all new acquaintences that he is, in fact, a musician (multiple times)
One of the painful things about our time is that those who feel certainty are stupid, and those with any imagination and understanding are filled with doubt and indecision.” – Bertrand Russell
From my experiences, those who label themselves as experts, more often than not… aren’t. This isn’t surprising; it stands to reason – to phrase it casually – that those who have the goods… don’t flaunt the goods!
Alternatively, if one’s expertise is persistently revealed to you, by said expert, perhaps something is a few clicks off!
What makes you think we are not traders ourselves?
We use the fx platform to generate profit and sometimes we may lose and this is what we call REAL TRADING and not some mambo jumbo called CGAT.
Suresh, now since you are the latest defender of this scam, answer 2 simple questions and I will stop writting for good, I promise.
Q1) When Brian Johnson came to Malaysia, why did the local scammers introduce him as the CEO of United Global Holdings?
Q2) Why did Brian Johnson who operates Fx intelligence and Prime Intelligence was registered as the director of UGHL?
Now allow me to ask an extra question.
Q3) Do FXunited have a separate custodial account for the financial transaction and balance sheet and why the hell are the depositors asked to deposit their money into various local bank accounts owned by the fake IB’s and not a single custodial account and who is actuallythe MANAGEMENT?
Please name at least one authorised officer from FXunited and please dont give that ticket sh*** and one more thing, please do not ask a clerk Miss Nora to respond to all these questions. Have some balls to respond and do not hide behind Miss Nora’s skirt.
One more last bonus question, I promise.
Q4) Reza Mokhtarian was a beloved Forex guru and well celebrated by his followers just like how you ignorant people are praising your IB’s and MIB’s who are devils’s in disguise.
Suresh, do you know that Reza Mokhtarian scam was planned by the same person who planned FXunited scam in Malaysia, Brian Johnson is the culprit. We have asked him to make a public announcement to counter us but till todate there are no response from him except for his ceasation as the director of UGHL.
So, Suresh are you that blind to see the similarity of the Canadian scam and the Malaysian scam which had adopted the same scamming modus operandi?
Suresh, you maybe a genuine guy or an imposter but anyway let me tell you something, the grouses and the complaining started long time ago.
None of the victims pursued this matter but when it came to attention that one of our acquintance was screwed by your fraud IB’s, we decided to act and just to remind you guys, becareful of whom you cheat. I hope Reza Mokhtarian fate does note befall you scammers.
BEWARE THE END IS NEAR FOR YOU FRAUDSTERS.
As for Manila office, dont dream you scammers will set your foot there, we have done what we are good at, alert the local Financial Authorities.
So all the best and one last advise, do not waste your money opening up the center, the authorities are just waiting for your operations to start.
So you think we are kidding right? We warned you about FMA but you countered me with insuanation but do you see what we are capable of doing?
Next, FSPR ??? Patiently wait for the outcome. WE ARE NOT KIDDING MAN, WE ARE SERIOUS.
Suresh, SWERTE.
Suresh, all apologist and victims of Fxunited. Refer to the link
FXUNITED REMOVED FROM NZ COMPANY REGISTRAR
business.govt.nz/companies/news-updates/public-notices/company-removals-notices/19-may-2016-s318-1-ba
So, you people thought we were kidding right?
Just a few hours ago, we warned about FSPR and now do you believe in what this barking dogs were saying?
Now, let me share with you another good news, RAID? You smart alecs figure it out, dont tell nobody warned you buddy.
The final statement from the jokers “MANAGEMENT”:
FXUNITED IS A VICTIM OF REGULATORS AND WE CANNOT REFUND YOUR MONEY BECAUSE OUR ACCOUNT IS FROZEN.
SAME LAME EXCUSES FROM MLM SCAMMERS.
But you victims have a better chance to recover your lossess compare to other mlm victims because the money deposited by the victims were not kept in a separate and dedicated custodial account but in various accounts held by the MIB and IB’s.
So, dear victims do not worry, you still have legal remedies to fook the perpetrators because they cheated you.
We will advise you guys how to go about recovering your money and how to fook this scammers right up to their underwear.
Thanks for the heads up Shah.
@Shah
How about VenusFX? Can you check this is valid?
@Anthony,
VenusFX is scam. Operational mode slightly differ than FXUnited. Stay away.
Shah, your input will be most welcome.
Suresh,
You seems more on defending the “Institution” since you have invested in it. That single reason had “blind” you from seeing the truth.
1.If i t is a legally running company, why it had been deregistered?
2. If it is an international forex broker, why more than 85% of it’s traffic comes from Malaysia?
You can check the traffic hits here: similarweb.com/website/fxunited.com#overview
You had been reaping the “benefits” and that make your confident grows. And, you will keep investing to reap more “Income” and also recruits other. That is the classic way of any Ponzi schemes.
Yes, I didn’t have evidences as Shah expose. But, spend some time do your research. Don’t be fooled by others as they will shows evidents that even professionals such as Doctor, lawyer, lecturer etc are joining. Don’t mean to insult any of that profession.
I didn’t say making money is wrong. But do understand that it should come from a proper channel.
Shah, your doing a great job! As long as greedy people are around con-men will always flourish. Good expose on this scam.
Bro..
More expose and RAID? PLEASE wait FOR OUR UPDATES…AND YOU WILLBKNOWWHATIAMSAYINGANDJUSTWAITPATIENTLYANDSEEHOWWEGONNAFOOKTHISMOTHAFOOKERSRIGHTDOWNTOtheirunderwear.
Just to highlight, some facts in this website here is wrong
The plan posted in this website is for their manual forex trading plan which has completely nothing to do with the CGAT plan
fxunited.com/partnership-affiliate-program.php
lvl 1 54%
lvl 2 20%
lvl 3 5%
lvl 4 3%
lvl 5 3%
For example if your lvl 1 downline opens 50 lots
EUR/USD spread= 3
50X3= 150
LVL 1 daily commission = $150×54%= $USD81
I don’t see anything wrong with their affiliate program for manual forex trading as it is base on a ECN platform not their own manipulated market
There are tons of other forex brokers out there that have their own unique manual trading affiliate plan.
google.com/search?q=broker+affiliate+programs&ie=utf-8&oe=utf-8&client=firefox-b
Fxunited also offers an EA to trade for you.
This is the investment(CGAT) plan
fxunited.com/cgat.php
Self Affiliates 12.0 %
Level 1 4.5 %
Level 2 2.0 %
Level 3 1.0 %
Level 4 0.3 %
Every CGAT investor will receive a minimum 12% interest monthly. This website stated that they can only withdraw the funds only if they have more then 150% which is wrong.
The additional 30% equity is only for trading purposes and it another extra margin for forex trading. This protects the investors from losing funds from their own principal.
An investor will receive their monthly 12% dividen. If the roi makes anything more then 150% then that is a bonus.
Every CGAT investor can WITHDRAW their capital at any moment before the contract regardless of any situation. In this website it’s mentioned that only if its 150% which is again another wrong fact
So please do a proper research regarding their affiliate program and investment plan as the facts posted in this website is wrong.
Introducer broker
For the IB’s(introducer brokers), there are manys IB’s all over the world. IB’s are only a medium of transfer to fxunited as an IB will enjoy the buy/sell difference from depositing it through their account. Funds are not stored in the IB account, all funds are then TT to fxunited directly.
Pro’s of depositing via IB.(fast deposits/withdrawals)
Cons(higher market rate)
Pro’s depositing directly to fxunited(following actual market rate)
Cons(slower deposits/withdrawals)
Main IB’s are
klfxunited
fxunited power
fxunited malaysia
fxunited action
fxunited glory
every depositor is entitled to deposit either directly/ or through ib is up to them.
USD funds is then credited to their fxunited account once the transaction is verified which they can start using to trade manually or either invest in the cgat plan.
Latest traffic by alexa: alexa.com/siteinfo/fxunited.com
Malaysia 73.8% 218
Singapore 12.2% 2,142
Australia 6.7% 21,703
India 2.9% 330,998
This was their reason annual dinner 2015
youtube.com/watch?v=q0zcRnRwlwc
this was their 2014 annual dinner when bryan was still the consultant
youtube.com/watch?v=vZe01BdbgtY
Fxunited is also a sponsor in a racing event
fxunited.com/lamborghini-blancpain-super-trofeo-asia.php
______________________________________________________
Since most of facts stated in this website regarding fxunited is wrong, I hope the blogger can do further research and provide correct information.
The FX United compensation plan was my source material for this article. If they’ve since changed that, good for them.
So really, all I need to do is change the referral percentages quotes, and we’re good?
Done.
Meanwhile FX United is still an unregistered securities scheme with no transparency whatsoever.
If you want to do MLM and securities you need to be registered. Doesn’t matter what the security offering is attached to.
However you want to spin it chief, that’s fine.
You still need a 150% balance before you can withdraw, again sourced from the FX United compensation plan as at the time of publication of this review.
There’s a reason FX United has only taken off in Malaysia and we’ve got the Malaysian MLM underbelly crew trying to defend it here…
So, a minimum of 144% yearly.
No need for highly complicated explanations.
That is plain bullshit.
FXUnited is NOT an approved Forex trader in Malaysia as per Malaysian Central Bank. JusticeAlwaysLate posted the list many times.
scontent-sea1-1.xx.fbcdn.net/t31.0-8/13130940_567413793437495_459292601125423536_o.png
On the first first line: FX United Malaysia and related entities.
Please refer to the below about Nexusfx and very soon Fxunited.
astroawani.com/berita-malaysia/penipu-forex-kad-kredit-dan-pecah-amanah-ditahan-105886
John,
Thank you for the below details, Now we can zoom into all this IB’s and not Power Team alone. .
Main IB’s are
klfxunited
fxunited power
fxunited malaysia
fxunited action
fxunited glory
Thank you very much
Shah you are doing a great job. Your findings are impressive. In fact thank you on your hardwork and effort to save all the ‘innocent’ people who are falling prey to FxUnited.
I suggest you also be just as aggressive as this on another big scale scam affecting Malaysia. It amounts to RM2.6billion and more is being siphoned out. Have you heard of 1MDB?
(Ozedit: Way off topic)
Asha,
The RM2.6 billion of IMDB is no brainer. It’s an Arab Fairy tale ala Robin Hood.
I try to WD my Capital yesterday, without any problem.
How can you say FXUnited is spam broker? Do you ever to join in before?
Wrong information.
Usd300 to usd10000
Level 1 (personally recruited affiliates) – 12%
level 2 – 4.5%
level 3 – 2%
levels 4 – 1%
level 5 – 0.3%
________________________________________
Correct information
USD300(membership only)
Capital usd1000 to usd10000 per cgat account.
Each investor can have up to 10 cgat account. 10000×10=
Max usd100k per investor.
Depositor income(12%)
Lvl1 4.5%(direct refferals)
Lvl2 2%
Lvl3 1%
Lvl4 0.3%
_______________________________________
Some good research has been made by the blogger but to falsely claim that if a forex broker is not permitted to run by a country central bank = scam is not true.
Central banks often protect their own banking institutions. For example almost every large forex broker is blacklisted by the Malaysian central bank to protect it’s cronies.
I do agree that something is wrong when fxunited has deregistered from their fsp. This is the company’s announcement
Well please carry on with the investigation I would personally like to see the outcome. Are they a scam that has been operational for 10 years or a legitimate company.
So now it’s a minimum $1000 investment on top of a $300 admin fee? Nothing suss!
And “jealousy”? Sounds like this is being run some teenage amateurs.
Basically their lies became undone with authorities in NZ started asking questions they couldn’t answer. Now they’re on the run and making it up as they go along.
10 years? :rolleyes:
FX United is still a shady investment scheme doing run by who knows who doing who knows what with your money from who knows where.
Hello Wizard of Oz,
SOME, VERY INTERESTING UPDATE FOR YOUR ATTENTION.
DEAR WIZARD, FOR MORE INFORMATION, PLEASE REFER TO THE LINK BELOW:
nakedcapitalism.com/2016/05/new-zealand-the-worlds-tiniest-international-stock-exchange-a-big-ponzi-scheme-and-other-crazy-tales-from-john-keys-financial-services-hub.html
Shan, You have a lot of prove about FX UNITED it’s scam company.
Why not you make police report on that company and handover all the prove that you have to police.
Let’s police take an action on the company, if u really care about public make a police report, not texting here talking the same nonsense.
Paying payinggggg, My 10K USD received, they start to paying now after their payment gateway upgraded.
Now can invest with BITCOIN, they are strong like a bull!!!
Invest in what? FX United is supposed to be an unregistered securities automated forex scheme.
Now they’re investing in bitcoin???
FX United is probably the best residual income plan available in the world. FX United Power International is run by a hardworking legitimate businessman called Dato’ Raja.
Those who are condemning FX United or Power International are idiots. I am making money and so are hundreds of thousands of others.
The idiots are still complaining and working 2 jobs or maybe even cheating people so they can pay their bills. So those who have not invested in FX United please STFU.
Why is it every MLM company run by Malaysia’s Datos is scammy?
What are they teaching people at the Dato school of MLM?
Those are some pretty convincing arguments. I love how you categorically explained why FX United isn’t an unregistered securities scheme likely operating as a Ponzi.
And “hundreds of thousands” of affiliates… lol, thanks for that.
HELLO ALL,
REFER ITEM NUMBER 5.
Thanks for the heads up anon, much appreciated!
It took me almost 3 months before I decided to join FXU. Let me say that I’m still skeptical about the whole thing.
However, I’ve been getting my 11% every month and have been able to withdraw the entire amount into my personal bank account. Now, 11% per month sounds ridiculous…..I know. But with quite a bit of time spent studying and learning how to read trends, I made about 80% from manual trading using MT4….within 2 months.
If a beginner like me can do so, why not a company that has the ability to hire pros?
So, 11% + 4.5% (1st Level downline) + 2% (2nd Level downline) + 1% (3rd Level downline) + 0.3% (4th Level downline) = 18.8%. If FXU paid 18.8% to each member, FXU still earns much more.
Think about this: It’s possible to earn 1% daily from your equity if you trade using your brain instead of your heart (plus a whole lot of reading on Forex and Money Management). That’s 20% – 22% per month.
That’s more than what the company pays out. Invest 300USD into a WINST account and trying trading. Your uplines will say that you “HAVE TO” invest in CGAT as well.
Tell them to pucker up and place it on your behind. Try trading for a month and see if its possible to earn 20% (read up about Forex trading first). You’ll see that 11% isn’t a big deal.
Then decide if you want to invest in CGAT. Note that I’ve lost money too, but gained more than lost. Technically, we’re the golden goose for FXU. They’re making millions off us from the money that we invest and we get peanuts (just my assumption though).
But, which other institution gives u 11% per month? You want risk free?? Put your money in fixed deposit for 4% to 5% per ANNUM or maybe in Unit Trust for 10% to 15% per ANNUM 😉
So yeah…. it may be a Ponzi scheme and there is a possibility that I may lose all my money. But I took that risk.
Remember folks, there is risk in everything. Hell, walking out your home these days is a bloody risk. Muggers, murderers and rapists and what not. You either try to mitigate the risk or live in fear. Or just pray like hell that nothing bad ever happens.
Note: I’m talking from my own experience. You can either read this and go “hmmmm” or you could say “Piss off” and move on to the next post. No need to get up close and personal 😉
So ask yourself, why do they need your money at all?
Take out a $1000 loan from the bank, earn 11% a month and in a few years be the richest person on the planet.
You and I both know why they need your money and where your 11% ROI is coming from…
But you don’t care and can see only as far as your hip-pocket. Screw everybody else you’re stealing from.
I suppose you’re honest about it, so at least there’s that.
Most people do not bother as long as they can earn money. Principle doesn’t matter for them and they don’t mind either it is a scam or Ponzi.
Yes, Balan G N. Since you are very confident with the company, why not take Oz. challenge. Take a $xxxk loan from bank, invest in FxU and at the end of the day, you are making money.
Once you make your millions, show all the varsities how “Stupid” they are teaching students to earn a job. May be you can be their honorable consultant as well.
This goes to all the scam supporters as well. If you are confident with that institution, go take a few thousand dollar loan and invest in it. Resign from your day job. “Enjoy” the outcome. Wish you all the best.
@ Balan re: forex trading, yeah, heard it all before. Read a few ‘how to’s’, sign up on MT4 and it’s a piece of cake lol.
I’ve been trading for thirty years and, believe me, it doesn’t work out like that.
There’s a much quoted 90/90/90 stat, possibly apocryphal, in derivative trading, = 90% of retail traders lose 90% of their stake in 90 days.
As far as your overall analysis of ‘risk’ is concerned, the YOLO attitude is much encouraged by scammers because it is emotion based and exploitable.
There are a number of opportunities to make money in the world today which have quantifiable risk profiles and a good return, without the need to abandon any moral sense and enrichen thieves and liars.
Participating in ponzi schemes in it’s early stage of it’s growth is also another form of making quick cash (high risk).
But to network market a ponzi scheme and claiming it’s 100% legitimate is very unethical and going full retard.
Is fxunited a ponzi scheme? To be honest in my opinion it is a 50/50. They have refunded and still have a 100% clean history of paying their clients till date or maybe they might be trying to hit a billion dollars. Who knows?
After deregistering from new Zealand fsp. They are now only accepting perfect money/bitcoin as withdrawals and deposits. Looks like a brilliant move as now no jurisdiction in this world can freeze their perfect money or bitcoin accounts.
I’m a personal fxunited investor and yes I have actually took a bank loan back (30kusd) in 2014 and invested it the system and have clean profit till now.
Would I do it again? With all this controversies obviously no.
Would I withdraw my capital? No because i have a bit of faith to see how it turns out.
@tmfp… Excellent writting.
@Balan,Can you please enlightened all those who have invested in the auta robot trading CGAT, whats going to happen to their money as Bank Negara Malaysia has blacklisted one of the scam company called FX United Power Sdn Bhd.
You and I know pretty well, once the company is listed in BNM website as company to be wary of, it is matter of time the authority moves in and take necessary action under the Malaysian law.
In this event, who is answerable to the investors, UGHL? We dont think so, it is in the process of delisting by New Zealand company register. Fxunited Power Sdn Bhd????? This owner, Dato Raja, they say this is not his real name, he is celebrated as having the biggest network and earns 2 million per month, wow, thats hella of huge money!!!!!
We are not simply saying this, check out the blog by an Australian lawyer who is an advocate/supporter of FXunited, refer to this LINK, he says the scammer earns 2 million pper month and his downliner by the name of Peter Tan earns 20K per month.
This is not something we made up, it is your own confession, buddy.
fxunitedexplained.com/is-fx-united-a-scam/
Do not stick to your rhetorics of how you people are making money and benefiting from this scam, even pimps are generating huge income. Just take a moment and answer these questions like a good child.
Do you know who created Reza Mokhtarian the forex scammer? Brian Johnson.
Do you know who created LQD Markets? Brian Johnson.
Do you know who created FX united with help of Malaysian scammers? Brian Johnson.
None of the above 2 foreign entities are legal and every single one of it has been closed down and serious action being taken by the authorities. Millions are stolen from people.
Do you know when LQD went into liquidation, it only few thousand USD in their account.
Now Balan, can you explain what happened to the millions collected by this companies?
So, the conclusion is, history is going to repeat again and all those who are still in Wonderland with Alice,especially Malaysians are going to get screwed big time.
So wake up man, refer to the above link and you will notice, even this guy who was championing FXunited has warned people from investing in this company.
So think my friend, it is your hard earned money. Do not let this liars take away what is rightfully yours.
Refer to this article: GOOD JOKE
CONCLUSION: READ THE ARTICLE AND YOU WILL NOTICE THAT THIS GUY PETER CANNOT EVEN TELL WHAT KIND OF INVESTMENT THEY ARE IN EXCEPT FOR THE FACT HE IS RECEIVING PAYOUT WITHOUT FAIL…WHAT A FISHING JOKE.
Link
fxunitedexplained.com/news/2016/4/6/some-more-background-on-fx-united
Hello, I read all the comments, did some digging and googling and oh yes, knew a few people investing in fxunited.
Was asked to join them last year April and immediately knew this is too good to be true. Revisit the family doing this and notice they are living quite well off now, earning more than RM20K/month from fxunited.
Recovered all their investment capital. Hmm maybe i should dump some spare cash on this rather than buy a RM10K handbag for the home minister. But wait, let me start digging again and googling bring me here.
Good job to those that did extensive check on this company. Here is a summary of what my own findings:
1. FXIntel – surfaced in 2009 and changed its name to FXintellingence – CEO/Founder Brian Walter Johnson
2. Prime Intelligence – wholly-owned by FXIntel and same CEO
3. UGHL – Director Brian Walter Johnson/Rujina Begum UGHL Registered in 2014.
WHOIS showed:
1. FXIntel/PrimeIntel registered by Brian in 2014
2. FXUnited registered by Rujina Begum in 2006
3. List of companies where brian is a director before: coys.co.nz/director-search/?q=JOHNSON%2C+Brian+Walter
The interesting part of my findings resulted in the more questions but the following is enough to ring a warning bell that this is a definite shady company to invest.
1. Reza Mokhtarian is a director of FXIntel based on 2014 filing of company document, what is his relationship with Brian?
2. Is Reza a product of Brian or his mentor?
3. David Lathrop is listed as his MD in both companies and his profile linkedin.com/in/david-lathrop-0b052932 didn’t show much info as to how he is a genius in running one of the best investment systems in the world. Who is this guy besides his experiences in failed fx companies?
4. Why are both men are not talked about in financial industries when they happened to be owning one of the best ever investment company? At least Reza is well known.
My conclusion:
DEFINITELY NOT TRUSTWORTHY. WHETHER ITS A SCAM OR NOT, is another story. Scam by definition is someone who steal your money and runs off. so far they haven’t run and everyone gets what they promised. Only time will tell how far this will continue.
Will I invest? I give it another month and then decide whether to burn on handbag or fxunited or maybe give for raya money.
Oh great, Peter is using the Madoff argument, even including the “maybe he’s skimming a little ahead of everybody” bit.
Also, Peter has NO IDEA how hedging actually works. The real people who has the advantage are hedge fund managers who has BILLIONs at their disposal, not a few pissant millions pooled from unaccredited investors who had no idea what they’re talking about.
This guy does NOT understand how hedging works. Hedging is not just a counter-trade, and you can’t make money both ways. The loss from one will offset any gains from another. It’s simply so you don’t lose everything and the kitchen sink if the whole thing tanks.
Furthermore, a “spread” is NOT commission, but a type of hedge. Look up “bear put spread” or “calendar spread” for some examples.
Hedging is also for SHORT-TERM risks and it can’t protect the trader from long-term bad bet.
You can look up what hedging really means in Investopedia. This “Peter” guy just got razzle-dazzled with buzzwords and he’s parroting them without realizing he haven’t learned ANYTHING.
Tired outdated cliche.
The money markets are awash with short term cash and have been since the invention of QE.
global-rates.com/images/charts/gr-libor-chart-6-31.jpg
The “hedging” nonsense has also been dismantled by K. Chang.
We are left with the usual argument: “They are paying out, so they must be legit”.
I don’t remember fxunited offering a 12% roi for their personal recruited affiliate. Just by providing this wrong information you cant expect any other fxunited member to take your speculations seriously. Get ALL your facts right so at least we can take you seriously.
If you really want to bust down a scam at least for do it properly. Instead of speculating how they are making money, why not go into an investor’s cgat account in MT4 and observes how cgat trades live, give an opinion on that.
The always “why not take a loan from bank bullshit is ridiculous” If it were so simple wouldn’t every forex broker take loans from bank?
Just read “Shah” earlier comments that
1. They are not a registered entity( no wonder they were DEREGISTERED)
2. MT platform created specially for fxunited( did you even download it or just assume with its icon logo hahaha)
3. Shah if you claim that you have attended the previous dinner, you would of known that they were partners in lmax until the recent split. Many fxunited members have also visited lmax office
4. Pandeyan Maruthamuthu a.k.a dato raja which everyone in fxunited knows is his nick name. Fxunited power sdn bhd does not exist in the registra but has 10 company accounts?( how can it not exist but have 10 company accounts, seriously everything does not exist for you lol)
5. Now for the malaysian central bank, all the ib’s are well connected to bank negara and are closely monitored(watch list) they do show their monthly gross on the foreign investments, that’s why none of their accounts have been frozen. Do you honestly think BNM is run by idiots? They clearly do know what is happening but they are warning the public as it’s outside their jurisdiction.
6. Their support centre in manila will be fully operational in june 16 and my personal friend has visited the office with a full team of staff.( So this might be a very professional scam i assume?)
7. They are the official sponsor on the recent lamborghini event for team aylezo.( A 100% scam company spending money on advertisments?)
Those who strongly believe this is a scam, PLEASE do not invest a single cent. There has been a lot of speculations that fxunited is a scam since 2013, same shit goes on many forex brokers.
Those who actually invested in their auto trading platform from 2014 have all already doubled their income. The same speculations happen that how bitcoin is a failed currency but yet now is bulling up.
There will always be two sides of the story. Now for the blogger, do some homework and we are looking forward for to see some proper content, not some half ass information.
ps for the blogger. please TURN OFF CAPS, hard to read lolz.
@Paul
What you remember is neither here nor there. FX United’s compensation plan trumps your memory.
Because that’s not going to explain the BS ROIs or show newly invested funds being used to pay off existing investors. They do that on the sly.
I think you inadvertently answered your own question there.
Negara Bank is in Malaysia.
You’re going to assert the Central Bank of Malaysia has no jurisdiction over a bank operating in Malaysia? Please. Stop talking out of your arse.
As for monthly reporting of forex, what token amount is reported has nothing to do with using newly invested funds to pay off existing investors.
Legitimacy by association is meaningless in Ponzi land.
fxunited investor/IB claims that the company fxunited.com has been running since 2006 and the proof given to you is the whois record which showed date of the domain creation.
UGHL registered as a company in 2014 and fxunited.com is also registered under their name in that year.
A simple whois checks confirmed that information (2006 created) but a detail check showed prior to 2014, it is a shell domain owned by domain registrar domainbyproxy.com.
Maybe people close to fxunited can answered this:
1. If fxunited is 10 years old, why is it not register to a company from 2006-2014?
2. Why is UGHL formed in 2014 if it starts operation way before then? What is the name of the previous company if any.
3. LMAX confirmed they have no dealing with fxunited.com or UGHL, so who is the new LP?
4. Can anyone meet with any of the MIB?
5. How many MIB do they have and who are they? MIB names and contact should be listed and easily available.
Thank you
BANK NEGARA ANNOUNCEMENT AND ADVISE (pls refer to the below) :
I have done my part, please do your part to find out the legitimacy of this organisation which has been blacklisted by BNM, Fx United Power Sdn Bhd from the below agencies, apologist and Paul Anderson is most welcome to write to them.
You can email to all this agencies and find out whether what this guys are doing is legal or otherwise Period
—–”’————””–””—–”’—
Members of the public may also check with other enforcement agencies for verification on related activities:
Securities Commission (SC) : sc.com.my
Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan (KPDNKK) : kpdnkk.gov.my
Suruhanjaya Koperasi Malaysia : skm.gov.my
Suruhanjaya Komunikasi dan Multimedia Malaysia : skmm.gov.my
Suruhanjaya Syarikat Malaysia : ssm.com.my
Polis Diraja Malaysia : rmp.gov.my
And now Bitcoin?????? mmmmmmmm, lets see where all this leads.
PAUL ANDERSON, I REALLY PITY YOU BUDDY, YOU SEEMS TO BE FLUENT IN SARCASM BUT UP THERE??????? IB has 10 company accounts, confirmed Deposit taking and illegitimate.
Where is the custodial/centralized accounting kept? Paul, please answer this and dont go around beating around the mulberry bush.LOLZ
Paul, when UGHL is deregistered, it will be automatically a non existing business entity, so in this case who is going to pay off the investors?? Pandeyan, Paul, Priscilla or the great Brian Johson.
The above statement is a brilliant admission , lets find out from BNM who the IB’s are close to and find out what kind of report this IB’s are submitting to BNM.
We will definitely check with BNM who is their contact point in BNM and update it accordingly.
Paul, you look like the latest champion for this scam, pity you buddy. Do you know the australian lawyer who defended this scam tooth and nail and how he has distanced himself from this mess. Go and see in his blog, he has warned people to stay away from this mess.
Paul, tq for the info.
@Paul Anderson, please answer the following announcement made by FSPR and please refer to the below:
LINK: business.govt.nz/fsp/app/ui/fsp/version/searchSummaryCompanyFSP/FSP394667/25.do?noReturn=true
Can someone out there, please advice whether this company is still legitimate in the face of all the following actions taken against them by international regulatory bodies :
a) FMA New Zealand – warning issued,company to be wary of
b) Deregistered by New Zealand FSPR – The Registrar gives notice that this Financial Service Provider was deregistered under section 18(1B) of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 on 27/05/2016
c) Intent to remove the company (UGHL) from New Zealand Company Register
d) Singapore Monetary Authority – blacklist
e) Bank Negara Malaysia- blacklist
So Paul, now, who is going to handle the customer/investors dispute since UGHL is removed from FSPR, please answer buddy, we do not need someone whose know how is SARCASM AND SCORN, rather we need someone who can give unambiguous and rational answers to all those questioned raised by the reviewers ( don’t call them names buddy, jealous,useless, brainless, idiots, this and that, we are not in high school anymore).
Thank you Paul Anderson.
Hi Guys,
After reading all the above, yes, i have invested in FX United USD5k and just recently another USD10k for my second account.
I have already gt back my ROI on the USD5k and the capital is ready for me to withdraw… Every month diligently both the 12% bonuses came without a hiccup.
I only had USD5k to open the second acc but with the ROI on the earlier USD5K i manage to top up that. Now i get the dividends still every month for both which i guess no salaried job will do without any headaches and stress.
Money isn’t everything but in today’s world, everything needs money. Jumping on the band wagon of FXU managed to sort and ease things out for this last 1.5 years, finally im debt free thanks to their returns, but, this is just my experience im sharing, the decision and risk is still in your hands.
I took up the risk and it paid, literally, and its still going on.
(Ozedit: Offtopic derail attempts removed)
So really not worried about others who claim on the wherebouts of the money goes and comes and the company, bcos nobody else manage or was there or even cared to solve and help me out in difficult times.
Again this is just my views and opinions of which i have experienced being with FXU.
I’m pretty close to marking the last 20 comments or so on this article as spam.
Generic Anglo-Saxxon name first time commenters all singing the same tune… you’re not fooling anyone.
Joe Jacks and Peter Anderson from Malaysia? Please.
LOLZ, you are funny Oz.
@Joe Jacks, very good attitude buddy, keep it up and it will take you very far in life. all the best.
@Mr Joe Jack, now as for the deregistration from FSPR, can you answer what is going to happen to the unlucky ones who has no remedy to resolve their disputes in the event the local scammers close shop, or you choose to be silent, selfish and tell us “who the Fish cares”?
Hello,
Nice article to share with you wonderful people out there.
interest.co.nz/news/81828/review-things-you-need-know-you-go-home-friday-kiwibank-ends-sub-4-mortgage-special
KICKED OFF
United Global Holdings Ltd, which features in our story here, has been deregistered from the Financial Service Providers Register at the behest of the Financial Markets Authority today. The company appears to be running a forex Ponzi scheme, primarily in Malaysia.
Refer to the link above for more information.
fxunitedexplained.com/is-fx-united-a-scam/
Refer to the blog and the link above for A lawyers advice, you people decide what you going to do.
This blog belongs to an Australian lawyer, he is also an advocate of this investment. Now he has come to his senses, when are you people going to come to your senses.
Paul anderson,do you have anything to say about this.
Joe jacks, your feedback?
Dont be a sissy buddy, put aside your stupidity, ignorance of the highest order and SARCASRM AND explain it as it is and not otherwise, fitting your depraved, distorted and fishing selfish mind buddy.
I just want to use the worst words to describe you buggers but I am refraining myself for the good of healthy discussion.
Nevermind, the whole game is coming to an end, and I am so fooking tired and I going to retire from this whole sick issues.
Bye bye Buddies, but if IT warrants my return, I SHALL RETURN. LOLZ FOR PAUL ANDERSON AND ALL YOU GERMANIC ANGLO SAXXON BUDDIES.
LOSERS, YOU THINK MONEY IS EVERYTHING, WAIT TILL YOU BUGGERS ROT BEHIND BARS..GO BUDDY GO, SEE WHICH MALAYSIAN PENAL CODE BEST FITS YOU, LOLZ.
MIB for FXUnited in Malaysia are Dato Ahmad Zulfaizal and Datuk Ameer.
Please investigate who are them.
Anyone know who these 2 guys are?
Shah, Google Dato Zulfaisal up. Plenty of information starting in 2009 and Shah you can ask your buddy to investigate him since he has plenty of legit companies in the country and some give plenty of money to investors too.
@Imho
We do not have to investigate anymore, the shit has hit the fan and there is going to be some intense domino effect, the nature will take its course.
The false address submitted by UGHL is an extremely serious offence in NZ and on top it, the legitimate tenant of the address is taking appropriate action in New Zealand.
So , chill bro, Brian Johnson is already an outcast in NZ with the Reza Moktarian and LQD scam which is under liquidation and investigation by NZ authorities.This investigation may have an effect on the FX united scam.
Brian Johnson will be answerable for this mess, let us see what kind beans he is going to spill in FX United case.
Fx united is the best forex broker.. i join since sept 2014 until now..dont have any problem w wd issue..
Pedro,
The whole fooking world knows the whole scam is coming to an end, dont sing the same tune again and again. Your response is merely an attempt to keep she sinking ship afloat.
Nobody cares whether this assholes are good brokers or bad brokers, the issue now is theses scammers are not real brokers at all. They are scammers disguising as brokers. What are their qualifications to manage the fund? The MiB’s and IB’s , the only qualification you have is cheating and robbing.
Pedro, you know know right, these scam is going to end anytime soon.
Instead of blowing your own trumpet” Fxunited is the best broker in the world”
Shut the fook up and just answer one question.
What is the fooking status of UGHL at this material time, I repeat again, at this material time. Dont time travel and go back to the past, answer what is status of this company.
The company will be derigestered by 17 June if there are no objection. If this happens, Pedro are you going to pay the depositors.
Pedro, we know you are another stakeholder of this scam, its okay, try your best to regain the confidence of the public.
We heard there is an exodus, people rushing to withdraw their money upon learning of the FSPR deregistration in New Zealand.
After showing Andrew Flannery warning, finally we heard people have come to their senses.
Pedro, do you all still have the money or transfered all the money to your offshore bank account.
It’s called “rearranging the deckchairs on the Titanic”
(Ozedit: If you wish to continue to be a part of the discussion, stop changing your comment name and republishing the same thing.)
Dear Sir/Madam,
Yes it is true that the NZ board had decided to remove United Global from its registrar of societies. This is something that we had already anticipated since there have been malicious remarks that have been spread by various parties who are envious of our success in the industry. The FMA; After hearing of our huge returns to clients had asked us to justify this but after we had wrote to them, they had told us that the only way to stay on is if we removed the CGAT and WINST programme which we categorically refused.
Having anticipated this, we are in the midst of registering ourselves in another country and getting the necessary authorization done. Everything is already on the roll and we should be in order very soon.
As far as Fx United is concerned, business still goes on as usual as our LP (Liquidity Provider) is more interested in the volume we generate than anything else so you need not worry. Your investments are safe and secure with us.
We have been in the business for many years and we have been through many hurdles and we will definitely overcome this one.
Thank you for your usual understanding.
Sincerely,
CSR 020
GENERAL ISSUE – Basic information about FxUnited
United Global Holdings Limited
All smart blogger and friends here. interesting when reading all this. time will proven all this as many say this coming to the End very soon? when the soon mean?
My dear blogger you MAY right and you MAY wrong too.if Your right yes you save some ppl but if your wrong then how? i just wanna know if your wrong then will u apologize as well?
make a time frame how SOON fxunited will be end according to ur expert experience?
correct me if im wrong. this issue is a very serious issue. it involve many life here.
As a depositer of course i make a Good income here as fxunited paid accordingly and My whole family also saving on it. so if i assume blogger is correct and i withdraw all but if blogger wrong then are they need to responsibility for all My lost?
im free to meet up all u blogger anytime and if u willing too after the time frame up. (Ozedit: Offtopic derail attempts removed)
The same as any other Ponzi scheme, when they run out of newly invested funds to pay out.
There’s nothing “may” about analyzing business models. The ROIs are unsustainable and make little sense.
If FX United were able to legitimately generate the offered passive ROIs, they’d take out a small loan and within a few years be the richest people on the planet.
That FX United is being run by shady nobodies in Malaysia, who are on the run from New Zealand and Malaysia to now the Philippines, is also in line with how an illegitimate business is run.
Nope. I couldn’t give a shit about your personal finances, your stupidity is on you.
Best of luck with the family when shit hits the fan.
# Shah, are you the same person running VenusFX? Period.
Dear Singam
Looks like the scammers tactic to divert the members attention to avoid the actual issue at hand has succeeded, the illegitimacy of FXunited and the other actions by the authorities and they escapade to Philippines.They are saying that Shah is a competitor, this and that. Pure bullshit
In actual fact, I think its a waste of time to reply to you people who are so easily influenced by these scam artist.
Any forex related MLM with unreasonable ROI is definitely a money game as such Venusfx is no better than FXunited.. so you go and tell your beloved advisors that Shah said Venusfx is another doubtful business model.. and ask them whether they have any other explanation for all these mess in FXUnited.
Did I answer your question?
Now you answer us one question, if UGHL is deregistered on 17 June 2016, what will happen to the members money?
@Singam for your information,
The objection period has lapsed and the Registrar will continue with the removal process of United Global Holdings Ltd, New Zealand. Pls click the LINK
business.govt.nz/companies/app/ui/pages/companies/5247841
Now what? Since it is in the process of removal, the whole establishment called UGHL Fxunited has no legal force or effect.
The agreement between UGHL and the depositors is not enforceable and not binding anymore for new recruits and as for old depositors, kindly refer to your lawyers for more advise.
So in normal circumstances, the bank account of companies which are removed from the register will become null and void, in this case how are the transactions going to take place, BITCOIN?
Another joke buddy, just ask around the members who have gone fidgety due to unsuccesful withdrawal after the introduction of BITCOIN. Now the BITCOIN system integration is blamed for members unsuccessful withdrawal, story after story and you people are dancing to their tunes.
Okay got to go for a coffee, think Singam think, dont let greed blind your wisdom and let these empty beings rob you of what belongs to you.
Go around and do a little bit of background check of your leaders and you will be freaking out buddy, some of them have pulled off some big scams in Malaysia in the past and gone into hiding before emerging with brand new scams.
Have you heard of Malaysian Postal scam? Do your study buddy, you will be awed by this discovery.
Go buddy, go and do your homework and you will know how the MLM industry in Malaysia is hijacked by scumbags and turned into nasty dirty Ponzi scheme.
Joined FXUnited in June 2016 and open Winst Account and paid USD300 , but NO 30% WELCOME BONUS IS GIVEN as stipulated in the Agreement or program.
Tried to email FXUnited twice but seem no one answer my complaint or issue. Have not heard from them at all (almost 2 weeks). THIS CLEARLY SHOWS THAT THEY ARE LACK OF CUSTOMER CARE !!! lack of responsibility to attend the matter as far as money is concerned.
They may be lack of management control or administration system or no staff at all in the office. I am doubt and a bit start loosing confident in doing this business.
Where we can complain if the are lack of customer care?
Rgds,
tiger.
Bro tiger
It was highly anticipated that this shit will happen due to the pressure from the regulatory bodies in NZ and Malaysia
Do u know whats a ponzi scheme?
Too bad bro, u are at the lower rung of the scam, as such you are fooked, simple.We warned you but you were too ignorant to understand what we were telling.
Withdraw your deposits and run as fast as you could, before it is too late. There are more legal action on the way from the the Malaysian regulatory agencies.
You think we are kidding? Thats your choice buddy.
Our personal advise get your money out and in case they fail to release your fund, just post your complaints here in this forum with the full details, your upliner, the mib, ib, agent id, bank details and your losses and we will tell you exactly how to redeem your deposits.
All the best buddy.
Hey Shah, how can we contact you to find out more? Me & a friend just join a couple of months ago each & they’ve even invited us for the annual dinner although we declined.
We think something is fishy now because they won’t let us know how to withdraw our money telling us it’s still less than a year & all that.
I don’t think they’ve figured out we’re on to them yet but any ways I could seek your help & advice in the mean time?
@ a girl has no name
Nice try..
Okay..are you genuinely played out by FXunited…if yes…state your full name, your introducers name, your ID, your deposit details and the details of bank account, the IB’s good name, and the relevant details in this forum and if you fail to furnish all these details than I would certainly say that your are faking your claims. LoL
If you are genuine than you will have your way to recover what you have deposited into this scam
Dear Friends,
Rotate people’s money we won’t called it as investing/trading but that one known as “rolling money”.
We are happy for those who earning via this scheme but please think twice before involve any third party (friends and family member) since we won’t know how difficult for them to get that huge fund to invest in such things.
I am seeing many of fxunited members are challenging the non fxunited friends here. Folks you must remember one thing here… we all are strangers here and we don’t have any relation too but for the sake of courtesy, each one of us are trying to educate within our fellow people that’s it.
Don’t underestimate those people who don’t invest in fxunited and don’t be over confident too for those who already invested in this fund.
As Malaysian, please don’t allow us to get cheated again and again. Seriously I am very sad seeing many of my friends and relative joining this scheme.
I am not sure how have heard about “SwissCash” around 2004 – 2008…I am one of the victim too. The concept are same. Please help our own people. Thank you and god bless.
hi shah, Job well done.
I know of people who knows that the company does not exist in New Zealand. They have checked it out. They have gone to 226 queen street and found it empty. When I speak to them they just want to make their money what happens in a year why worry is their answer.
6 months ago they they know it yet encourage people to sign up and in vest. They plan to migrate as his family is already in New Zealand. Do this people trheink of others. They are the praying time. What hippocrates they are.
We the partners of Fxunited, have just ask on january to one of the MIB, we ask, do you think FXUNITED will sustain?
He stood quietly and said, i my self cannot ensure that it will be 100% safe, i have not forced anybody to join since day 1, i just shared and i give only the facts…..(he continued) the fact one is a scam to me is when they stopped paid the partners.
ANYMORE than that in ones own courage of taking RISK, heck FOREX itself is a RISK industry..
Think about whether you willingly to take the risk, or is best you stayed away. ++The broker itself advise people to not give out money if you cannot afford to lose++
Hope this help anyone that have will to succeed in the Risk you take. Because in any business, the real deal is the RISK MANAGEMENT not the problem given. Tq
The “will to succeed” can’t trump Ponzi math. Your scam excuses are full of shit.
They’ve been deregistered, and they are spinning it was “we’ve anticipated that”, yeah right.
behindmlm.com/companies/fx-united-deregistered-as-financial-service-provider-in-nz/
@The partner.
I have done some research and found the following and would like to answer @the partner
Do you know why they kept quiet, you bamboozle? Now, click this link and you will know why, my dear fxu partners.
youtube.com/watch?v=_aw8j3cquu0
youtube.com/watch?v=vy9gjchijro
youtube.com/watch?v=ibuybsh4aq0
youtube.com/watch?v=dtng5t-ag9k
youtube.com/watch?v=ycwagay9ewq
(please refer to 1:24 (video number 5 )- are you familiar with the mustached face in the front and happily clapping, i was informed that this guy has the largest network in fxunited)
So do you all recognize the guys in the video? The same people who are behind fxunited.
The operators knew from the start, where it will end, buddy.and that is why they are so calm and quiet. You got it.
They are calm and quiet because, this is nothing new to them.they have been there, done that and then been there several more times because apparently there are fools and suckers born every seconds.
Do you know what your mib’s and ib’s did the last time? What happened to their last sting?
So, @the partner, you are using risk clause to justify their deception and putting the blame squarely on the investors, what cock a doodle doo, you are so extremely fatuous in believing such an incredible lie.
Dear @the partner, courage cannot be used as a yardstick to justify risk taking when falsehood is involved in the entire process, so wtf are you talking? It is total crap and full of bullshit and your argument and explanations is only fit and appropriate for retards.
As for your advice on risk management- do you even know what it means? Inane!!
Do you know that, currently people are already having problem withdrawing their funds and getting their monthly payout.
For more information on people complaining about their withdrawals, please refer to the following link:
100forexbrokers.com/reviews-ratings/fxunited
@the partner, we know you are part of the scheme and not an innocent investor who is tying to give innocent and stupid explanation, it shows buddy.
The conclusion is, the driving motivation behind this scheme, from top to bottom, is greed. Everyone – from ughl, mib’s and ib’s on down to the last “investor” recruited – knew that in the end someone would be left “holding the bag;” that people would get hurt; and that some would be hurt very badly. They don’t care! – just so long as it is not them.
Most who involved themselves feel that they could get “in and out” of the pyramid before it collapsed – and “to hell” with those who were “dumb” enough to get caught.
So based on the above greed factor, everyone deserved to be screwed,except for really ignorant and imbecile folks.
Lastly it takes very cold hearted people to push the scheme, and very greedy and selfish-minded ones to participate.so don’t use the risk taking factor to justify your dishonesty.
Period
Hi guys….please don’t invest anymore. I don’t know about you guys, but this month was supposed to be my third month withdrawing. Sadly money isn’t in my account even after a week plus delay.
They are blaming it on a glitch and are being silent. Am hoping I can withdraw my initial investment.
Feel so stupid now bro Shah. Well, will update here if any new updates as my IB said money should be in my account by end of the week. Let’s all hope for the best.
All I wanna do now is withdraw and be happy with what I have instead of being too ambitious. Good night guys and girls.
Steven, I’m calling you out on your STFU. You have the blinkers on and this is exactly why these Ponzi’s scale up and cause so much damage.
You might think you are, and you may have been early enough and corralled more victims into the scheme, so you might be fortunate enough to nearly cover your investment. if you are in fact ahead, that is at the expense of those that followed you.
So let me ask you this. If I’m right and you are wrong. How are you going to deal with it. Are you going to be responsible for those you brought in and made an earn from?
Or are you going to be like every other scheme where its never your fault, how were you to know it was a scam. Its pretty easy actually.
You just need to look at the facts.
12% p/m guaranteed + 7.8% upline BS + mgt fee + this imaginary 30% you get as a premium.
Look at this from a different viewpoint. You are part of an experienced trading team, and you have a rapid increasing pool of capital that you can trade with.
That’s awesome bring it on.
Can’t wait to put it to work and make some big bucks. A team you have some really solid ideas and thoughts as where the markets are going.
You absolutely certain there are a couple of events that you are certain when they occur certain currencies are going to turn very sharply and you can make a killing on in the next 12 months.
You are so confident that you already thinking that you will be able to start your own fund funded by the profits that will be made for the investors in the next 12 months.
A trader can make 7 figures, but a partner in a fund who gets a slice of the pie can be 8 figures (if the pie is 20% of the upside over a hurdle rate of even 8% can be a big pie).
Then you find out what the variables, restrictions, and obligations of the incoming funds;
1. The funds are coming in quicker than you can count them, every day there are hundreds of new accounts. Anything from $1,000 to $10,000 and some investors are setting up 5-10 different accounts staggered over weeks or months.
Not only do you not know exactly how much there is to trade on a week to week basis, frustratingly the trades can’t be aggregated or pooled as each account remains segregated from others and of course the house account.
There is also literally thousands of $1,000 accounts. Which is a nightmare to manage, if there is 2,000 of those $1k accounts, then have to make 2,000 trades. Its not like you can just execute all at exactly the same time and lock in exactly the same terms.
Your liquidty provider on the other hand he can aggregate them together. Then you find out that you can’t mobilise all the capital as 20% of it has to go back out almost immediately.
Then you find out that over the 12 months 144% has to be repaid to the investor some other rediculous amount to a endles line of people on a monthly basiss as well.. And you thought paying 3-5% raising for a fund was high.
Then lastly, you find out that the investor can call in their after a certain return has been made. Which is kind of strange since the returns are so high that to by meeting those returns no one is going to ask for their cash back. Unless something goes wrong and well. there wont be any left anyway.
Your thoughts of having your own funds start to fade.
If you had your own fund. You would get a big bit of the 20% once the fund covers costs +8%, tax is a bit of a killer but if its been structured properly then the distributions will be franked which is good so as can offset that to minimise how much you get tapped up by the tax man.
But this is crazy.
Not only is the quantum of cash that needs to be put to work escalating the number of accounts is doubling ever month. It all arriving on different days, which means every-day positions have to be liquidated to have the cash to move into each investors accounts.
Making things even harder is while money is flying in its wrecking havoc on working capital requirements overall, because it doesn’t matter if things are bottlenecking, or the capital is slow to mobilise or unwind, that 20%+ has to hit those accounts when they fall due.
four months into this nightmare, you feel like having a complete meltdown. The reality justs gets more painful.
Somehow for the first 4 months you have made the impossible happen and have been making 300% annualised returns which is just keeping you in the game.
In a world where Japan’s interest rate is actually 0.0% some genius here thought the best thing in the world to do would be go and get money off investors and promise them 12% per month.
The amount of trading profits made in the last 4 months is more money than anyone has ever seen before. In fact, we are now onto our 4th liquidity provider as the other 3 went to the wall.
Its incomprehendble that these LP’s are so bad at managing their risk that they were willing to counterpart on every trade and they didnt just go against them it complete tore apart their balance sheet.
Then all the tears about how we must be manipulating the market somehow. Just because we are outperforming the market by 10x. Not sure what their problem is.
It all legit. Just ask my upline, and his upline, and his upline, they will tell you I’m hard working and honest.
All that needs to happen is you go out tomorrow and get 10 more people. Tell them not to worry that they are wiring their money to Eastern Europe to an account held by a group you haven’t heard of before to settle an invoice that is completely unrelated to the actual purpose of the funds. Don’t worry about not knowing much about who’s behind FX United if it was important, your upline would have told you it was.
After, all he is really tight with his upline, and he is with his, and that guys cousin, lives next door to a guy who is one of the main guys.
If anything goes wrong its like having your own bat phone. safe as houses.
Getting rid of that NZ company makes it a bit easier. That Trust instrument that you signed, but they only stamped with no names on it. That should stand up in court. No problem. Mind you probably don’t want to go to court with that. Since the only person it obligates is you the investor.
Yeah probably best not to make a big noise in court over it. Some one might looks at the agreements and realise that as the investor you are reasonable for paying all the tax in the jurisdiction that the profits were made.
Since all teh cash you did get back was 100% profit, you do actually owe a lot of taxes on that.
Of course its a crying shame that those ‘guys’ took or lost your principal. But thats an issue between you and them.
The government just wants their share of the profits, if there is any capital found. It will be offset against the with-holding tax that needs to be settled. Yes of course you have to pay tax in your own country, and some up front tax planning around the existing double taxation treaties would have been smart.
Anyone that thinks that still thinks this is real, ask your world class traders at Power Rangers United
(1) how they successfully navigated around the unpegging of the Swiss Frank (that idiot Brian Johnson mentions it on the podium at one of the gala events – its cringeworthy how little he knows about well…anything)
(2) Which way were they better on Brexit, (clearly they bet the UK would irrationally leave the EU).
I’d be interested to know what there answer was. If you are still not convinced.
Just ask them for a set of accounts.
if that doesn’t convince you.
Ask one of their liquidity providers to confirm the massive volumes going through.
PS. Its even worse than this. It far more obvious. but that can wait till next time.
So just think about how the capital is flowing in and out.
1. 12% per month with a “guarantee” PLUS all that MLM bullshit kicking it back up line. It requires more than 200% p/a return just to meet the obligations they are promoting, and with some pretty extreme restrictions. To secur
If you go through the crappy contracts, you can see how they have used find/replace as the font is different.
They also forgot to replace one ” United World Markets Ltd”
Wind back wayback machine to 2013 and the website is full of United World Markets.
Another thing.
I hadn’t bothered going through the mechanics of the ‘scam before’. Didn’t need to 11% guaranteed/topped up whtever. Its not possible, its not realistic and its not plausible.
But I thought I’d better at least get the terms right. I had to re-read it a few times to try and understand the logic. I now realise why some people are excited about it.
They believe its a magic formulae. On the basis that the broker always makes money. stop being the investor and get in the middle as the broker.
So by fixing the broker remuneration at 3.5pips these idiots have assumed that they can preprogram an auto trader to be fully hedged and run the trade all day and night. Collect and split the pip spread and everyone is happy.
Everyone except the liquidity provider who you are stripping the spread from. to pay out on the $10k investment….. you would be running $70m in trades.
There always has to be a loser on one side on the trade, as what we know, fxunited they are trading against other multiples LP’s hard with the volume they generate, not their own LP obviously. It could also explain why LMAX dismissed them and how they are with other LP’s now.
First month on fxunited back in 2014 on cgat, we could gain actual trade profits, personally made around 30% to 40% until they stop allowing investors to obtain trade profits and restrict our returns to 12% to make it more feasible, this is then reduced to 9% the next year, and 5% the following year.
Their additional 30% welcome bonus is just probably a visual enhancement because everything is base on points.
Since they are providing guaranteed returns, they have a huge surplus funds from previous trade wins to pay out investors on their due dates as the forex market itself is a no guarantee.
i received good income every month… just sometimes little delayed but overall still get it perfectly..
good investment.. dont doubt and listen to negative feedback..
You mean you stole money from people who joined after you… but hey, whatever helps you sleep at night.
# Shah – thanks for your reply.
Now I need some clarification from you. I read that you were involved in FX United and someone you were affiliated with is the programmer for FX United and other FX softwares and all of you were Malaysians and Indonesians.
And also you were involved in the startup up of FX United, then FX United UK and NexusFX and also VenusFX. Can you tell us here what is your affiliation with all those entities mentioned above? Pls.
@Singam
I think you got the wrong Shah…LOLZ
Nevermind… VENUS..NEXUS …FXUNITED UK AND ALL FX COMPANY WHICH IS OPERATING IN MALAYSIA WITHOUT PROPER ACCREDITATION ARE ALL PONZI SCHEMES.
since you are so curious and need answers, let me help you. I guess you dont read other forums. Pls refer below..just doing you a favour.
YOU WANT TO KNOW THE REAL SHAH, READ HIS RESPONSE IN :
100forexbrokers.com/reviews-ratings/fxunited.
So i am sorry, I cannot answer your question, you have to ask the real Shah.
Now can you answer one simple question, why are thousands of investors in CGAT are not paid since May 2016?
And there are also rumors going around that FX united will close shop in Malaysia by 10th August, is it true?
10th august close shop???? is the youtube videos taken down for good? did everyone got their withdrawals ??
Seems “investors” from both FXUnited and VenusFX have withdrawal problems. As Shah mentioned, maybe they are closing down by 10th August.
Venusfx came in at the wrong time.Let me tell you why, FXunited is closely watched by the authority and their failure to pay the guaranteed sum to the members has become a major problem.
So at this moment it will be too risky for Venusfx to spread their wings and duplicate FXU modus operandi. So the best option for Venusfx is to collect the money and dissappear with the loot.
Shahirawadey the owner of Venusfx is formerly an associate of FXunited..it is just a break away group and many were warned that this is a doubtful company and ponzi scheme but as usual none listened to good advise.
There are announcment made in the FXU website saying all CGAT arrears has been fully cleared- this is a total LIE, THERE ARE THOUSANDS OF MEMBERS WHO HAVE NOT RECEIVED ANY PAYMENT FROM MAY 2016.
The game is over for all fx related illegal companies in Malaysia. Based on the number of members FXU have, we are talking about hundreds of millions and it is probably going to be the single largest scam in Malaysia.
Venus or FXUnited would have made it bigger and ran for a few years more but unfortunately their scam was cut short because there are people like OZ and other good natured people who have taken upon themselves to highlight the scams in this forum and other related forums.
After all the explosive exposures about their scam, this buggers were caught red handed and they have no choice but to run to Philippines.Even in Philippines they are not safe because Security and Exchange Commission is watching them and we will know very soon the news from Philippines.
Only now, the real show is going to start because many investors who have not received their payment is heading to Bank Negara Malaysia.
Bank Negara Malaysia normally warn people about company to wary of and will only watch them but this time its going to be different and action will be taken because I foresee hundreds or maybe thousands are going to throng BNM to report and get back their money.
I hope they are lucky enough to get back their money. ALL THE BEST
So Singam, Shahruddin is my full name, so dont get confused and mixed up with Shahidrawadey..LOLZ
Hi fxunited,
Please return back my money. Already apply withdraw since june. Status sucess but haven get money back.
All upline just ingnore and update other non related topic. Fxunited just paying interest only, the capital gone forever. Scam company.
Hi FXU members, some information for you guys..
Bank Negara Malaysia (BNM) has no authority to defreeze accounts which are frozen due to investments in illegal investment scheme.
Any assets involved in criminal proceedings could only be administered with a court order.
“Investors can file a third party suit to the court for the return of their money or assets,”
Shah, I have been following this tread for sometime. Recently you had mentioned that FXU will be closed by 10th August. Seems it still going on as usual.
I heard that their investor still get their monthly returns as promised only a little bit delayed.
I am not invest in this scheme. Few of my friends are. Others plan to join and I had asked them not to invest due to what you mentioned that it will close shop soon.
I fully understand that this is a ponzi scheme. I hoped this will collapse as soon as possible so that less will be their victims. Thanks for your inputs.
@Param
I heard it through the grapevine that it will cease operations, please don’t quote me…just heard from the industry people, buddy.
Anyway 10th August or not it is immaterial because the shut down is inevitable due to it’s illegitimate operations in Malaysia.
2 of their IB’s and their company’s are already listed in BNM website, company to be wary of. Lately a company called Highway group was raided by the authority and I believe FXU is in the same league.
Anyway time has a wonderful way of showing us the final outcome, so let’s wait and see.
Now they all goyang already. The FX United management try to calm down the investor by posting the news:
And one more thing.. FX United also listed in “Ponzi Scheme Alert in Malaysia” facebook.
Uh Oh,
“We are here for the long haul” is ponzispeak for “We’re on the verge of disappearing with your money”
Dear param,
Fxunited is holding and try to proof their can last longer than 10 aug. Their are in state of emergency now.
Sooner or later their will shop the shop. So, please new investors dont financial this scam company to run further.
New investors are fuel for fxunited now. Without new investors fxunited cant last long.
Fxunited only pay dividend on monthly bases. The capital is gone forever, eat by the leaders.
Makan besar for them. Try to withdral your capital, then you know the real problems. You will get all the hangky panky things then.
Hi Jamal,
have you managed to get back your capital? Is there a way to liaise with you directly?
Regards, chandra
With effect from 1st August 2016, United Global Holdings is removed from the company office register of New Zealand.Refer to the below link.
business.govt.nz/companies/app/ui/pages/companies/5247841
Now, UGHL New Zealand is officialy a useless and defunct entity and as such FXU is officialy closed down in New Zealand and its operations in Malaysia and other countries are illegal.
So all Malaysians who have contributed to the well being of your leaders and elevated them to a super rich status, now its time to redeem what you have freely given to them because the end is near.
Good Luck.
Send ur details chandra. I will contact u .chandra from which id line .
and why are they still running in malaysia..?
Malaysia isn’t really known for MLM regulation.
Is their office still in 6-2, Jln Radon Anum, Seri Petaling.
Now the FXU withdrawal process become even more complicated.
Withdrawal must go through PerfectMoney portal which is known popular among fraudsters. Than you have to find another channel to go through before money comes to your bank account. And seems the process quite complicated.
A friend of mind with 11k USK had withdrawal problem. Have been 10 days after his withdrawal request with any success.
You should know the fact that PerfectMoney is the most popular system among HYIP projects and Internet pyramids.
It is impossible to count quantity of pyramids which is started on PerfectMoney platform daily. It speaks about weak influence on system of different government institutions which in every possible way limit freedom of money circulation.
For example, LibertyReserve system that was also famous among administrators of financial pyramids was closed in May, 2013 by federal agency of the USA. After that case PerfectMoney quickly moved to the .is domain (Iceland) to leave from jurisdiction of the USA.
Liberty Reserve had always been in Costa Rica, FWIW.
@K.Chang Tq bro.
I have many people here who have withdrawn their entire capital in a month and received all the money too. So where do you stand?
Next question, why did they withdraw? They did that to restructure their deposits to suit their needs.
Jaason, its not Perfect Money. The person must have gone through Bankwire which can take as long as 2 weeks in some instance as the amount is big and a suspect for money laundering.
For you information, i definitely know that FXU does not have any local companies.
In some comment above i notice there were some companies listed which i agree is on BNM’s list and none of these are companies set up by or related to FXU. There is one company, however, still not set up by FXU, operates by providing only training on FX trading using FXU MT4 Platform and nothing more.
From the information i obtained, this company appears to have been investigated by BNM as result of some clowns complain but found they were just a training provider company.
Some people here may be meshing bits and pieces to give their own impression which may be misleading in some parts.
Anyway, my take on FXU is simple. The risk is mine and after reading all this and if i do decide to invest then it is my problem.
I thank Shah for his information but appreciate if he could substantiate his finding and let people decide instead of threatening everyone.
Who takes on risk is not a justification for Ponzi fraud.
Good upon you.
I think you should mortgage the farm, cash in all your savings and convince your parents to invest their retirement fund in FX United as a demonstration of your beliefs.
Dear lexman, I know u part of the scam group that run fxu company.
Conglate for being the larger n sucessful scammer. Amaze with ur marketing tactic to con people.
Mr Jamal, stop being personal here. Say what want about about the FXU with substantiated proof and be professional about.
(Ozedit: Offtopic derail attempts removed)
Sure thing.
FXU pay ridiculous ROIs with no verification that funds are generated via legitimate means. Therefore the scheme is likely just using newly invested funds to pay off existing investors, making it a Ponzi scheme.
What, is there some sort of code of conduct now that says we should be respectful of pig headed apologists for ponzi and pyramid schemes ???
@Lexman
Firstly, where is the element of threat in our reviews?
Secondly, such a pathetic and feeble writing from a ridiculously laughable apologist/operator.
The evidence are all over and you are asking us to substantiate our claims – Laughable
Your claims that none of the blacklisted companies in BNM website is related to FXU is a total lie – Liar Liar Pants on Fire.
Refer to the following link and you will know the truth, nothing but the truth that these companies are related to FXU.
a) fxunitedmalaysia.my/
b) fxunitedpowerinternational.com/
Refer to the above links and we hope you can be cured of your delusion and can continue leading a normal life.
More info that these companies are related to the recently defunct United Global Holdings Ltd/FXU, New Zealand.
a) youtube.com/watch?v=Tvdr6ZMqVQ0
b) youtube.com/watch?v=qFrzWzESQrs
c) youtube.com/watch?v=sC5P8MBm7gg
d) facebook.com/fxunitedmalaysia/
Refer to the above “C” – this guy is the owner of Fxunited Power Team Sdn Bhd and which was duly black listed by BNM. So what more prove do you want, Lexman?
Why the need to run to Philippines? So, you fellas think that Philippines can be your next playground? Sorry buddy, you are already under their watch. You want prove, go and get it by yourself.
This is the link: sec.gov.ph
So, I hope these clowns (Shah) has given you some information to validate the claims, these are just the beginning, just a small indication of a larger thing to come, so just wait patiently and enjoy while it is still bright and breezy.
That’s all for the moment and we will save the BEST FOR LAST.
Shah.. for past few days.. im following all your post. people wont listen if someone said its a ponzi ..scam.
i make a call to BNM last week and had discussion with BNM staff. they said already take action and freeze ponzi and skim cepat kaya companies.
Lexman, people using their life saving money… believe in your bullshits. dont you have heart cheating people and let them suffer?
@Lexman
Let us tell you something,we know you are part of the scam and we also heard that the investors money are used for personal purchases and some even have bought properties in Australia worth millions.
You want more information? Ask your dear leaders.
Wow, FXU must be a breakhtrough to many people. SYABAS and congratulation, one of the FXU IB is a film producer now, excellent.Congratulation!
Please refer to the link below:
tabloidseni.com/#!KL-Vampires-genre-aksi-seram-dikaitkan-kisah-legenda-Raja-Bersiong/skiwm/57a0eb730cf218316fec230a
I wonder why every month, they give message that their system is in maintenance and can’t withdraw.
I asked my senior member and they said since FX is expanding, they have millions to be sent in every day and they can’t do it because the bank will get suspicious.
So the problem is our banking system or FX unites?. So if BNM allow this system, then wouldn’t FX united could be a genuine?
They recently came out in Sepang racing circuit for some branding, how come the authority allow? I believe BNM can’t really do anything.
Probably they just feel that since investors are still getting paid (even though its taking months sometimes) and there is no clear documented complain from investors, so they remain quiet. Just like what is happening in their ‘other’ BIG cases.
Saw some local Indian Actor also involved in promoting scam (VenusFX).
@DC
BNM can’t do anything much?
Wait and see buddy, you cannot manipulate the system too long. They are still around because investors who have not received their payment do not want to say or do something to disturb the current situation.The members are still hopeful that their investment is safe.
But it won’ t be long as the investors are now, screwed left..right and centre without mercy. It is just a matter of time before these frustrated investors throng BNM to find a recourse.
It wont be very long buddy. When we told about FSPR, FMA and NZ company register, you guys insinuated and laughed at us..now wait and witness a jointly arranged, planned, and coordinated actions from the authorities. People are watching bro,you may think you are invisible but you are wrong.
It is wrong to steal from people and you have to face the consequences for doing so.
Remeber this, in this world there is no menu for Karma, you will get served with what you deserve.
Yes, as Shah mentioned,a lot of them had stop “investing” already. Some top members stop get new investors since their “investors” did not get paid for months now.
Added with daily call from investor asking why they did not get their promised returns, we can see stress faces who were once so proud with the “System”.
So, it is really a matter of time before the whole system collapsed. You can run now but you can’t hide forever.
I did invest a small amount in it because of pressure from my relatives but I never believed in it.
I don’t share the plan to anyone coz I don’t want to be in a place where my downlines call me everyday demanding their money back every month.
I feel that if my money lost , it is still ok, but if my downline money goes missing, then I can’t sleep well. I’m in the verge of withdrawing out all the money coz its too risky.
My senior members call me coward and not willing to believe and too sceptical. But I don’t actually care.
there is also a big annual dinner coming end of the month with grand prize of a luxury car. And the lucky draw is only for people who invested additional 10,000 USD. So we know where they get the money to buy the ‘grand prize’.
This scheme is actually paving way for a lot of other schemes in future. The worse things is a lot of people are falling for it…
The meaning of real business is gone, where you make money when there is a sales of service / product. Not by just putting in a robot to make money for you. If indeed there is such thing…
This is often a sign the end could be nigh, either by implosion or some outside means. Conventions are good signposts so take your money and run.
If your relatives or senior members pressure you to keep it there, tell them you will, on them submitting a signed statement to you that they will refund every cent you once it crashes.
DC,
There is no such robots that guarantee a 100% profit. The FXU system also mentioned that the so called broker is sharing the spread.
The only way a Forex broker (IMO) making money is from the spread. So, chances for them to share is very slim.
This FXU marketing plan was cleverly crafted to capture the souls of “educated” greedy professionals. Later, it go to mass through peers and relatives.
Once it breakdown, not only it will tear the unlucky persons’ finance but also relationships. Something bad waiting to explode.
As Shah mentioned before, this might be the biggest scam in the history of this country.
Now, withdrawal is fixed at 3.7 for those who wish to withdraw. Nice RIP OFF
All the best guys, very soon they will say the witdrawal is fixed at 1.00 at their own whims and fancies, so the only way out without losing is ACT NOW before it is too late.
From fxunited leaders. They are in crisis now . Faster withdral your money begore to late:
Legitimate MLM opportunities don’t have withdrawal problems.
You sell a product, a commission is generated and you get paid.
Excellent Tai Chi.
Anyway who is the broker? It is supposed to be UGHL New Zealand, since UGHL is defunct, the big question is, WHO IS THE BROKER NOW??What is the name of the broker?
Which broker are the depositors going to liaise for their transactions??
Challenges with the local authority??? What do you expect when you operate an illegitimate business. Do you think the authorities are mad to simply go around penalizing these kind of felony.
Finally, like what we said before- the collapse will be blamed entirely on Bank Negara Malaysia and their leaders will wash their hands. Remember the gold scheme, same excuse same modus operandi.
Nice game, let us see where all this drama leads to.
TO ALL THISE WHO STILL HAVE THEIR DEPOSITS IN THE COMPANY, ALL THE BEST.
The very idea that a forex trading site would have money problem should sending doomsday alarm bells all over.
Either they were bleeding money like mad (if they are legitly trading with other people’s money, which is very bad) or they were not trading but instead be a ponzi scheme (like Bernie Madoff, even worse).
Saw this in one of the FXu facebook..a complain by:
So the shit has started hitting the fan..just like how it was predicted..
Adrian Paul,
If you happen to come to behindmlm.com please take note that FXU is an entity or a platform created to run a ponzi scheme via an integrated and sophisticated software and online system.
If it is really a case of forex trading, no human in their right mind will guarantee a 12% return per month.If they can payout 12% monthly, FXU might as well take a loan and generate returns and keep the profit all for themselves.
Anyway, whois the mini IB that you are referring, that ran away with depositors money?
Dear depositors, the only choice you have is REDEEM ALL YOUR MONEY AND GET THE HELL OUT OF THE PYRAMID BEFORE IT COLLAPSES COMPLETELY, IT IS ALREADY CRACKING!!
One more thing Adrian, did you hear that millions are spent by the leaders to buy property in Australia.. I believe they are stacking their loots in Australia.
When this matter reaches a more solid resolution where authorities have taken action, a case is filed & the hidden higher ups have been identified, I may be able to contribute some very insightful information that could hammer the nail into the coffin.
This scam has been operating for a few years and it’s been allowed to flourish this long a period of time, only suggests that there are very powerful people in on it. This is Malaysia were talking about, let us not forget.
There will be those that were too naive & blind that will be taking the fall, but the real master minds & co-conspirators may never be revealed & or even convicted.
This is why such scams will never be fully eradicated in Malaysia. I foresee scape goats & lots of people that have already lost their investments by even jumping in on it in the first place.
End of the day you cannot stop these scams because there will always be people gullible, greedy and not wise enough to fall for it. Scams will continue as usual because Malaysians are one of the easiest people to fall for scams. This is a statistical fact.
Do you even think the names of the IB’s are their real names? If so why would they so publicly expose their faces?
I’m very sure the mini IB’s are the ones set up to take the fall. It is they that convince their circle of friends & family to get in on it.
It is they that will have to face the backlash, as they were too blinded by greed to even notice how they were filling the pockets of their bosses & being set up to take the fall, poor basterds.
As Scam buster said, Malaysia is a fertilize ground for scam. Just wonder how many scams are there starting by days.
Now there that diversified it even more. There are some “Tycoon Millionaire – main kutu type, Online Education with own URL (heard it is only one month old), Gold scams and etc.
Wonder why Malaysian easily fall to these type of ponzi scams.
Anyway, as long people are greedy and obese with easy money making attitude these scams will flourish in years to come.
Do anybody can update what is happening FXU?
Recently my friend complain that he is facing a lot problem related to money transection. he request for withdrawal from E-wallet it has been rejected and advised withdraw from prefect money.
He did as instructed but the prefect money is not approve until 14 business days till to date is unknown.
Contacted Philippine regional office by sending a ticket the reply is it is only taking 5 to 7 business days for approval. furthermore he wanted to withdrawal capital amount. do any one can advise.
Ponzi scheme runs out of money and your friend realizes he’s been scammed.
Malaysia is pretty slack on regulation so don’t expect much help from the government.
Hi, We have a big team in Networking business. We think it is possible to us joining thousand of people next 6 months from Australia.
One of our friend offer us to join.We wanna join as a business entity with them. But we have to ensure the money we will deposit to FXunited remain safe.
We told our friend if we see it is safe so we can invite hundred of people because compensation plan is lucrative. But if think it is unsafe then we never ever offer anyone.
So my question is if fxunited disappear who gonna responsible for client money. I saw fx united already de-registered from newzeland.
So what is the main legal power behind running their business. We expect explain from both the side.
Who is the founder of such a good business and board of directors? How much they earned last 3 years. i notice their website nothing mentioned.
The scammers running the scheme out of Malaysia. If you can’t even get company ownership details, what does that tell you off the bat?
Nevermind the whole Ponzi aspect…
BNM FEA Rules Part 1 (Updated 3 Dec 2014) States the following:
Basing on these rules, anyone can invest in FXUnited subject to confirmation that FXU is a licensed offshore company. FXUnited comes under rule no. 2 and BNM cannot/will not interfere.
Go figure out the above 2 rules. I am only providing the info. Please dont shoot the messenger.LOL!
BNM FEA Rules Part 1 (Updated 3 Dec 2014) States the following:
Dear Lexman,
In the first instance after reading the above, we wanted to whack the sh#*% out you and give you an express lesson on understanding the English language, common misunderstanding of the language and language acquisition, but we decided not to waste our time because “The mockery towards the ignorant reflects ignorance.”
SO ALL THE BEST, lexman, THE END IS NIGH.
How come one of the CEO/IB of FXunited did not turn up to officiate his company Annual Convention Night?
What is happening buddy? Where is this guy? How come he did not turn up for his own company event? Nevermind, if you cannot answer Lexman, refer below for some grievances from the investors, which we have extracted from the internet/facebook/forums :
1) Eddie Cls – pada 26hb Ogos jam 5.13 ptg ·
FX united, talking big but never deliver, not payment out since july
2)Edie Cls- pada 26hb Ogos jam 5.12 ptg ·
i have not getting payout frm liar raja since July, is Fx United closing down???
3) Adrian Paul
Many investors under Dato Raja have not been paid since 1 Aug 2016. I also heard some have asked for withdrawal of their capital from FX United 2 months ago but still have not received their money. There is also 1 Mini IB who ran away with investors money.
What is happening to FX United? Its getting worse and worse since June 2016.
Do you have any info Fx United Malaysia? This is not just IB problem. It is FX United problem. The problems are slowly spreading from 1 IB to another IB.
Aug 26, 2016
4)Leo Chak
just want ask. Why can’t withdraw thru perfect money? the option is blackout, and ask to withdraw thru immediate IB. Thank you.
Aug 24, 2016
5)Krishna Raj Ramasamy
Im nt getting my payment past 1 1/2 mnth..my last payment is 21.6.16.last mnth zero..im nt make it big issue,cz since january the payment was perfect..only tiz time.i guess ib nt transfer to client well
Aug 22, 2016
6)Adrian Paul
Fx United Malaysia any idea when we can start withdrawing again? Today is Day 2 that all withdrawals have been blocked.
This does not look like a technical issue. Is this an excuse that FX United is using not to pay us because there is no money / limited money available? We are starting to lose confidence in FX United.
Aug 23, 2016
7)Hong Molin menyemak Fxunited Malaysia —
1 bintang pada 21hb Ogos jam 6.40 pagi ·
If this fxunited still running, why nobody can answer for my withdrawal problem??
I have totally no idea what was going on.. No announcement, no notice, even I ask my up up up up up up up… Line still unable to answer, because we are get stuck together..
This is what the company customer service ?
8)Emi Emi
· 25hb Ogos 2016
Scammer & 100% Ponzi Scheme. Please stay away from this broker.
Sudah tak cukup wang mau bayar trader lagi. Withdrawal reject due to withdraw exceed deposit. suruh withdraw terus direct Broker guna Bitcoin pun tak approve.
So, siapa yg masih ada wang dlm FxUnited AND masih boleh wdraw sebab tidak melebihi nilai deposit lagi, cepat2 kasi keluar wang anda.
Run..run..run… before FxUnited run.
There are so many postings which has been deleted by FXU administrators, you people can run but you cannot hide.
FX United members you may want to know this piece of information for your future actions, refer to this link:
domainbigdata.com/email/eventmc8@gmail.com
Lexman, we would suggest that you better keep your mouth shut because whenever you open your big mouth, we have no choice but to present more evidence about you buggers.
YOU CAN RUN BUDDY, BUT YOU CANNOT HIDE.
Do not blame(shoot) us for presenting this news, we are just sharing (messenger) what we know about this scam and the scammers.
One last thing, Lexman.
Please refer to an expert and let them explain to you what is the actual meaning of the 2 rules that you have stated.
Your interpretation is simply manipulated to suit your diseased mind, which believes in something which does not exist and conceived in your own fantasy and imagination.Another word for this condition is “Insanity”, Lexman. Go get help from a doctor before it is too late.
Dear Lexman,
Refer to the link below:
coys.co.nz/company/?no=5247841-UNITED+GLOBAL+HOLDINGS+LIMITED
HAVE YOU READ THE CONTENTS OF THE LINK?
SO NOW TELL US, WHICH OFFSHORE COMPANY ARE YOU TALKING ABOUT? Your imaginary company is it, Lexman?
Did you notice that they have removed this company from the company register, making it non operational.
THE WHOLE CON JOB HAS BEEN EXPOSED AND YOU BUGGERS ARE STILL TRYING TO HOODWINK THE PEOPLE WITH YOUR SENSELESS AND NONSENSICAL EXPLANATION.
Lexman, is stupidity your profession or are you simply gifted?
Anyway stupidity is not a crime, so you are free to go now.
Good Updates Shah. Hope these guys to face justices sooner
Dear Lexman,
Kindly, go into this link and we would appreciate if you could answer us, who are these 4 persons who are behind FX United as indicated in the website.
mehnok.info/fxunited/faq/
Who are these people?
United Global Holdings Limted Owner – Robert Bell
FX United – Jimmy Bell (brother)
Rujina Begum (sister-in-law)
Marketing director – Jean Marc (staff)
We would appreciate an appropriate answer and stop beating around the mulberry bush. Please provide a sensible answer, otherwise don’t blame us for calling you a dimwit.
It is not me who is saying all these, it is in the public domain, so please don’t shoot the messenger, we are only a bearer of bad news for some folks out there.
Thank u very much shah. Thanks to all of u jamal Jason n the rest. Without ur relevant n logical info I would probably became their latest victim.
Good job shah in exposing their hideous crime.keep the good job guys may u be blessed in ur life and after. Salute.
It’s FX United scam. My friend introduce to me on may this year. Till now I not join this investment forex trading (robot trade CGAT) min required invest 500usd for wints plan n 1000usd for CGat plan..
We can make 10 accounts for one person.. the next after 2nd accounts will be charged 3%..
I make a research regarding that issues a few a month ago. I want ask all of you opinion is it true what their said .. my friend got a lot of money because he invest 10k Usd 1 year ago. Thanks al..
Heard many “investors” are under duress.
“Downline” are treating “uplines” since some of them had took loans to invest in FXU seems. Others even had gone to pawn shop to get extra cash. And FXU still blaming BNM.
Latest info said that so called “Dato’ Raja” had gone into hiding since 2 weeks ago.
Pls, Steven #92 and other strong supported of Dato’ Raja come forward to clear your beloved “hardworking legitimate” leaders name.
@Jaason
Here are some addresses which may be helpful to those affected.
(Ozedit: No context for contact information provided)
@Oz Noted.. thanks.
Malaysia withdraw got stuck, do not invest anymore.
@ Rick
Bro, so you actually bought their stories about its establishment in Belgium and how it came to Malaysia..and how it is a top fx broker in over 50 over countries!!
Let us tell u something, this scam is MADE IN MALAYSIA, BY MALAYSIAN WITH A LITTLE HELP FROM SOME EXTERNAL HELP, SPECIALLY FOR MALAYSIANS.
So it is not shocking to hear Malaysian withdrawal is facing problem.
We have warned people but nobody listened.Now, it looks like it is end of life for this scam
For all you depositors out there, please don’t let this heartless and cold hearted animals to go scot free. Go out and get back what is rightfully yours.
We know many of you are in dilemma and do not want to create problem and disturb the current situation and afraid that you may lose your money if BNM interferes.
Do not be afraid, the sooner you act the more affective will be your redemption and claims. Dont wait until every penny is diverted outside the country and you people are stranded.
Best of luck
@Jaason Benedict
Check out the link bro, see who are the producers for this movie.
youtub.win/watch/QF9qNXBUXzFaZ3hZ/the-promise-trailer.html
Yes Shah. I believe he is the same (Dato’ Raja) guy behind FXUnited Powerteam. fxunitedpowerinternational.com/contact-us.html
That site’s Live Chat have been offline too. Seems his facebook also have not been updated since July.
So, guys. Please take necessary steps to claim back your investment and your pride. Don’t let these guys walk free after swindle your hard earn money.
“For you ears only” – heard a meeting will be held with a top FXU chap in JB tomorrow regarding current conflict.
Meeting??
Hopefully they find a solution for this mess, many are going to be affected brutally. These guys are busy enjoying their new found fame and wealth, let us see how they manouvre out of this web of deceit and lies.
1. Forex companies are not licence in Malaysia, only bank’s are licensed to trade forex. However individual are free to invest in forex companies outside Malaysia. This is on individual risk basis.
2. BNM cannot intervene in overseas forex companies, but those companies setup in Malaysia will be subjected to action by BNM if they receive many public complaints.
3. If anytime fund”s worth of RM50k transferred into local bank and the bank trigger BNM, we will be subject to investigation. If the transaction is proven from real trading company, we are free. So we may need to show them our trading account or statements to prove. If we fail to prove BNM will suspect wrongdoing or unlawful activities.
4. Please visit BNM website, at the top click “Fxadmin”, you will see two downloadable documents related to forex. It explains the forex trading is allowed.
Fxunited is a safe company, because we can show our statement and platforms if required, unlike certain companies promising huge profits without any platform.
Pls advice…
Fx United isn’t a forex company, it’s a Ponzi scheme.
FX United is quite obviously being run out of Malaysia by Malaysian scammers.
Has nothing to do with using newly invested funds to pay off existing investors.
Has nothing to do with using newly invested funds topay off existing investors.
FX United doesn’t account dollar for dollar for the ROIs it pays out. You invest, sit back and collect a ROI.
All FX United are doing is using newly invested funds to pay off existing investors, making it a Ponzi scheme.
this is ponzi scheme. my friend invest 50k, got downline 90pax, now FX UNITED ask him to pay the montly to the downliners.
Pity HIM.. can you imagine 90pax x 20K (average) = RM1.8million.. (if the system collapse). Sure he will die.. to the rest please be carefull.
piece of advice dont blame people who ask you to join, this people also like you been cheated. just take it easy guys.
My dear forumers,
My apology for being blunt..this giys who are trying to defend this hideous act do not deserve any respect.. SORRY AGAIN PERIOD.
Dear Friends,
Just found this Forum, unfortunately joined FXunited 3 months ago. Joined just because of a friends sake, I knew the risk involved before joining but I didnt expect it to happen so fast, didnt even had a chance to collect my first CGAT interest.
The system shows the earnings but cant withdraw, now they are saying soon they will announce the mode of payment, but that “soon” never came. Lately they introduced PM but now the say it will take 60 to 90 days for approval. 🙁
Hope something can be done to recover the investment, will follow up this forum for advise.
Dear Ascii,
Sorry to hear about your investment. I am sure there are more in same situations as yours.
Yes. FXU are saying that they need 60 to 90 days for approval / withdrawal. Now, they are working around the clock to “fix” the situations and need around 90 days to sort it out.
For the moment, they are asking their beloved IBs to use their own money for monthly payout to new investors and FXU will refund back to them once all problems settle.
Maybe this is one of the factor why Dato’ Raja @ Pandeyan Maruthamuthu is out of Radar already.
FXU are saying that the root of their problem starts since New Zealand Financial Service Providers (FSP) had removed their license and this indirectly caused their Liquidity Provider also to withdraw their association with FXU.
So, now FXU stuck with millions of dollars in their account without liquidity provider and “sincerely” looking for a channel to distribute back to their investors.
They even mentioned that that had seek help from Neteller, Webmoney and Skrill to be the distributing channel to investor but all refused due to licensing conflicts.
One of their first step is to partner with “Perfect Money” a portal which is known popular among scammers and fraudsters.
Do you know the reason why their license was discontinued? According to FXU, only FXU have CGAT and WINST. These unique accounts able to provide consistent profit to their investors caused millions of people to ditch their current broker and switch to FXU.
FXU even claims they have around 450 million investors. These mass migration caused other brokers to complain FSP in turn FSP request FXU to terminate WINST and CGAT account offerings.
Since FXU is “Customer Oriented” broker, they refuse to FSP’s terms which in-turn revoked FXU’s license.
So now they try to resolve the “Mounting money” problem. They “promise” to sort it out by 90 days time period. Just inform new investors that they will get their invested money and profit and please continue to recruit.
So, in 90 days, I believe the FXU will slowly warp in thin air without even investor noticing.
I still can’t believe why people still buying to their explanation and keep waiting.
So guys, Please take necessary steps to claim what is yours. Please educate the less known investor about current situations and please do not recruit new people.
Hi Guys, Deposit sent not shown in wallet, withdrawal is pending for so long without explaination, sent ticket many times still no reply no answer no response, their admin system is the worst I ever seen in life.
This ponzi scammer comes to end of road with wrapping billion of people money brutally! The company “United Global Holding” was removed from register office and licence has been cancelled, they already know from the beginning that this will happen as part of their ponzi game!
Now FXUnited is trying to do a “buying time” by telling withdrawal payments in 60 days to calm down the cgat investors, even still asking to support them in so-called a tough time by keep promoting their business.
This is only a scammer tactic to prepare themselves to wrap the fund held in their possession then disappears completely, even later the website is not accessible anymore, gone!
It’s just a matter of time to close the shop ! and enjoy with lucrative ponzi fund !
Remember what we said a few months ago about this scheme and how it is going to be a very big scam in Malaysia.
This time there is no escape for these guys because it is too big to just ignore and continue our lives as though nothing happened.
You can travel the whole world, get the latest car and be a film producer, rapper or even an actor butjust remember that you guys are not invisible, the time is ripe for you all to face the music.
Now, their IBs and newlypointed miniIBs are living luxury life as if there’s nothing bad gonna happen in their scam scheme.
Looks like they are bulling up, bigger and stronger despite many negatives feedback in the social media.
Currently, they are getting ready for their europe trip (this may be apply to one of the group running fxunited called Glory Group, CEO Dato’ Elfi). From what is happening before my eyes (close friends involved), there’s no sign that this scheme going to collapse, profesionally running i could see.
yes, they are busy doing some meeting and briefing about their new system with perfect money and so on, but other than that, they are comfortably living their millionaires’ life. And yes, they are actively prospecting for investors in CGAT. this is the truly sign of a ponzi.
bonus payment get stuck when fewer people invest, then asking their agent to aggresively recruiting.
hmm, my concern is with the new investors. if they put their money at the perfect timing for this scam to vape in the air, there goes their money.. gone forever.
i hope something can be done by the authorities before the damage is getting bigger..
@truthseeker
Let us tell you how it is going to end. There are some IB’s who are paying their members promptly but there a few greedy monkeys who are the spoilers and who are not paying their downliners.
A Ponzi scheme can go on for decades without being caught but it will surely come to an end, take Bernie Madoff as an example, he screwed people for a very long time until the whole scheme was exposured by internal source.
In the case of FXU, the absence of segregated account for investors and traders, it made it easy for the scammers to steal investors money.So there are prompt payouts and bad payouts from the crooks.
The spoilers and the greedy ones have done damages so serious that there is no redemption for their act.So their act has snowballed to affect the whole scam.
There are no central financial monitoring system, therefore every IB has their own standards of receiving and payout. What kind of broker will employ this kind of system??
FXU is the sponsor for a local racing team, did you ever see it being officiated by big guns from FXU..the answer is no because this seasoned hustlers know how to play their dirty game.They know how to cover their trails and crimes
These hustlers have been in the industry for a very long time, they know exactly how to do, what to do, how long to do and when to exit.The victims will be the inexperienced folks who believes in their lies.
Their main players are multi millionaires and they have bug interest in the cosmetic and beauty industry and now some of them have collectively gone into movie production, and we bet it is a sure way of money laundering.
This scam is good and safe only as long as the affected people are quit. When the time comes for the members to lose patient and go berserk, that is when all hell is going to break loose.
It won’t be long before this happens because, we heard there are already groups who have gone to the Malaysian central bank to find a remedy.
So, remember when we said FSPR, FMA and NZ company register is going to act? Nobody believed us, never mind it is your choice, you either let the scammers screw you left right and centre or you act at this moment and screw them and get baxk your money from this heartless being.
The scammers are consolidating their money and planning their escape route, where else the STUPID investors are listening bullshit and waiting for their payments.
So at the end, the investors are screwed, the scammers go scot free if they are lucky. This time we think there us no escape for this scammers..so both greedy parties are going to suffer
12% per month?????
And you people fell for it..such gullible people.
Mr moorti @ con man picture: postimg.org/image/v117zszq7/
Yes. That is Mr Moorti. He had one of biggest group and even have network in India.
He had met with fellow investors in JB recently. Not on Friday as I earlier mention but before that. He is the one giving explanation about the thing I mentioned before.
We do not know about the investors but any attempt to explain or justify this con job is an insult to our inteligence.
A con man always stand behind a good intention, so you folks decide whether it is pure manipulation to keep this scam going or a fact.
For all those FXU members, denying the truth doesn’t change the fact that FXU is a Ponzi scheme, and no amount justification or roadshows can SAVE YOU SCAMMERS THIS TIME.
We wrote a few months back to warn thise investors to redeem whatever thwy have invested but we were ridiculed. Now we still believe there are a little hope to recover or minimize your losses, so act now before it is too late.
We heard that some IBs and mini IBs are missing or not responding to their group memebers.
Saw post in one of their facebook saying that there is father who is a IB, daughter who is mini IB and wife who is also a IB who are not responding to their group members request for withdrawal.
Some have not received their monthly payment for months and requst for capital withdrawal is not entertained..
So, you dear Investors, please open your eyes and uae your brains beforw it is too late.
Bro, that is not only case. Even the SOB Moorthy is not responding to anyone. There is also another cow under him called Bobby who is also not responding. It seems some of investors have written to the FXU support and also no response.
What you say is true. They taking the investors money and paying the bonuses and now the well is dry. It seem the LP in NZ has frozen the assets.
You mentioned there is a little chance of recovering the money. How can that be done, bro? The F*ckers have closed the door. So many people are affected.
@Patcher,
It seems some of investors have written to the FXU support and also no response.
Our answer to the above:
There is no such thing as FXU support. Any customer support which uses dubious and questionable ticketing system platform as a mean of customer service without any actual human interaction is a scam.
A company which deals with millions of dollars which belongs to others will surely not use ticketing system.The FXU support team is created to hoodwink the investors.
Bro, please understand that FXU exist only in name and it is not a valid company. Therefore, do not expect any kind of help from them. Their fake parent company UGHL is removed from NZ company register.
Bro Patcher, as for your statement on LP, they do not have a LP and the LP do not own any FXU assets. Do you still remember where you banked in your deposits?
If you remember well, your deposit would have been banked in into the self appointed IB’s company accounts and not the broker because there is no such thing as a broker.
UGHL is a front created to just show gullible Malaysians that this is a NZ company and it is reliable, it is just a ploy by the scammers to build up their reputation as an international broker.
So, the question of assets and monies frozen in overseas do not rise because all monies are deposited locally into local bank account held by local companies. For an example,refer to the below information, the depositors are asked to deposit their money into these accounts.
BANK NAME: FX UNITED POWER SDN BHD
Public Bank: 3197328510
CIMB Acct: 8007859966
Maybank: 514842328964
So, now do you see, the investor have given these hustlers free money and free hand to do whatever they desire, like buying properties in Australia, being the 1st one in Malaysia to purchase a BMW 7 Series, movie producer, globetrotting, and many more.
As for recovering your investment, the best option is to get BNM to interfere because by doing do, the chances are better. Do not listen to these hustlers who say, do not get BNM to interfere because they will freeze FXU account.
Do not believe them because FXU do not have an account, the accounts are all over and belongs to many IB’s/companies as such there is no such thing as segregated accounts dedicated for investment purpose.
In this case, the authority may take individual action on each deposit takers (IB) and the investors can redeem your deposits, provided the money is still in their account and not transferred somewhere else.
So all the best, hope you guys can get back your money. Don’t let these hustlers go free.
Another thing to note, these hustlers are paying randomly and to certain people to create confusion among the investors. this is to show that there are peoplewho are getting their payment promptly and as for people who are not getting their payment, they are putting the blame on technical and other issues to cushion the situation.
So when you hear one group is getting payment and another group is not getting their payment, just remember it is their game plan to confuse the investors and to keep the scam alive.
Call BNM Telelink now and act fast before it is too late folks, don’t be stubborn and don’t think you people have the luxury to wait.
Time is an essence, please do what is right and claim your money fast before all these cold hearted bastards disappear with your money.
Please refer to the below for their latest atrocious announcement:
Dear investors,
THESE FELLAS IN FXU ARE PATHOLOGICAL LIARS AND IT IS SAD TO SEE THAT YOU GUYS ARE CONSTANTLY BUYING THEIR STUPID EXCUSES AND BEING CONNED BY THESE HEARTLESS, EMPTY AND SHALLOW. BEINGS.
By Malaysians, in Malaysia, to steal money from other Malaysians.
This scam is local to Malaysia, don’t believe the IBs that try to re-direct your attention to Belgium, NZ, or the Philippines.
The true owners have been in Malaysia all along and they have your money in their pockets. Call BNM to get it back right now.
@Rob
Very soon, wait for the news. Those who are too stubborn to listen to good advise is going to get screwed.There are no other choice except to get BNM to intervene.
@shah i’ve been following ur comments and started to withdraw everything since june but havent got any of them yet.
U mentioned that is a way/chance to get the money back. Can u tell me how?
@Nazmi
Sorry for your predicament Bro, it was anticipated long time ago that this will happen. Anyway you can still take some action to redeem your money if you are lucky.
Many investors are afraid to go further to press the rogues to return their money, simply because they were brainwashed by the scammers not to escalate the matter to BNM or other agencies saying that BNM will freeze FXU account.
They are telling the investors that if they report to BNM, FXU account will be frozen and they won’t be able to get back their money forever. THIS IS A TYPICAL LIE FROM THE SCAMMERS, DON’T TRUST THESE SCUMBAGS.
Do not trust them, these so called leaders are experienced scammers and masters in disguise who have been in the industry for a very long time. They know exactly what to say, how to say and how to screw people.
For your information, your deposits are held under many different account which belongs to the scammers and there are no dedicated/custodial account for investors money, as such we believe the process of getting back your money (IF YOU ARE LUCKY) will be easier, provided they still have investors fund in their account.
In the case of FXU, there is an element of illegal deposit taking and dividend payout without any proof of profit generation. This is a serious crime and and the best option the victims have is, TO IMMEDIATELY LODGE A POLICE REPORT AND TAKE THE REPORT TO BNM AND THEY WILL KNOW WHAT TO DO.
DON’T WAIT BRO, DO IT IMMEDIATELY OR ELSE YOU CAN SAY BYE-BYE TO YOUR MONEY.
PLEASE TAKE NOTE, WE DO NOT GUARANTEE THAT YOU WILL GET BACK YOUR MONEY FROM THESE SCUMBAGS, BUT YOU CAN TRY AND I AM SURE THERE ARE LAWS TO PROTECT INVESTORS WHO ARE INTENTIONALLY CHEATED BY THESE SCUMBAGS.
FOR YOUR INFORMATION:
How to Report?
You can report directly to Bank Negara Malaysia via the following communication channels:
Call: 1-300-88-5465 (1-300-88-LINK)
Fax: 03-2174 1515
SMS to 15888: BNM TANYA [your report / query]
Email: bnmtelelink@bnm.gov.my
@Nazmi and the rest of FXU investor, do you still want to wait without taking any action to redeem your money back from these scumbags.
Please refer to the below, there are many other grievances and THERE ARE MANY PEOPLE WHO ARE AFFECTED. The end is near, so PLEASE ACT FAST.
1) Ahmad Nazmi The withdrawal delay is true.. if u havent join pls stay away from fxunited.. they ignore agents when contacted, broke promises & fail to deliver withdrawals, broke promises on return of withdrawals to e wallet, & even reject call fr agents.. my direct IB was Dr Moorthy before they implement direct broker withdrawal and no withdrawal thru IB
2) Ahmad Nazly Please settle the withdrawal challenges fast. It has been two months already
3) Ahmad Nazly I wont bother to post any if i am not in Action Team. My direct upline is affected as well. All of us are waiting for response from Action Team management. No need to provide us thr SOP type of response. It has becoming an insult to our intelligence
(Ozedit: Non-English removed)
Another STUPID ANNOUNCEMENT AND attempt to lie and buy time. The investors has not been paid for the past 2-3 months and here they are announcing only past week CGAT payment is not done.
Refer to the below statement, it is a total lie and if you guys have time go to FXU IB’s facebook and see the bombarding they are getting form the victims. Therefore, this announcement is made simply to cheat and lie and BUY MORE TIME TO BRING IN FRESH INJECTION OF MONEY FROM NEW INVESTORS AND DO THE NECESSAY ADJUSTMENT TO PAY THE OLD INVESTORS.
BUT THIS TACTIC TO COLLECT MORE FUND TO PAY THE OLD INVESTORS WILL NOT WORK BECAUSE , BY NOW EVERYONE IN TOWN KNOWS THAT FXU IS A SCAM COMPANY.
THEIR ANNOUNCEMENT (FULL OF LIES AND DECEIT)
@shah u said that u hv a planned to take them all down. I want to join that plan and get my money back.
You seems to know about how to report to the police and bnm. I want to know what documents are needed as prrof and what should i write in the report?
Bro Nazmi…
Simple bro…you don’t need us to be with you. You just have to simply report your grievances to the authorities..BNM and PDRM can assist you..ALL THE BEST
Nazmi
Who is your IB
Hi Nazmi,
We do not want to have any personal relationship with anyone but seeing you people who are so lost, we decided to call and spoke to BNM officer and the following is their advice to get back your money:
Lodge a police report immediately and upon necessary action by the police and prosecution, they will determine the recourse for your predicament and other victims.
We are extremely sorry for you guys, ACT NOW BEFORE IT IS TOO LATE. DO YOU KNOW WHAT THEY ARE DOING WITH YOUR MONEY? THEY ARE FLYING HIGH AND MIGHTY, YOU PEOPLE HAVE THE POWER TO PUT A STOP TO THIS SCAM.
ACT NOW BRO, YOU MAY NOT GET BACK YOUR INVESTMENT BUT YOUR GOOD DEEDS (SAVING FUTURE VICTIMS) WILL BE REPAID IN ABUNDANCE BY THE ALMIGHTY.
ALL THE BEST.
Looks like the situation is really messy.
The guys are conducting extensive roadshows to recruit more depositers a.k.a victims.
23 roadshows planned and scheduled..these buggers must be really desperate to get fresh injection to cushion the current mess.Very slim chance buddies, try harder.
Fx United Malaysia
09-13-2016 2:45:31 am
This week *23 Fx United* preview by
Fx Action Team International from
*12th Sept 2016 to 18th Sept 2016*
@Nazmi
I believe they have requested you to withdraw via broker.
Can you please enlighten us who is the broker since UGHL is a non operative/defunct business entity?
@Nazmi and all other investors,
Do not bother to get any response from your IB’s or mini IB’s or their proxies, reason being they don’t give a fook about others welfare.The MIB’s are behind the whole game, they are the king makers, they decide the game plan.
Now, you guys have to hold the MIB’s Dato Ameer and Zulfaizal responsible for all these mess. They are supposed to be the person in charge of FXU Malaysia, as such beside the IB’s and mini IB’s, they are solely responsible for the depositors money.
They have to answer the thousands of investors who are not paid till today.
As Patcher mentioned, both Moorthy and Bobby are not responding to any calls.
FXU members said that Moorthy is in India now to explain current situation to his investors there.
And, they also mentioned that Moorthy told them that he and Dato Ameer was already interviewed by Bukit Aman chaps. ANd, they are warned to not proceed with what they are currently doing.
And seems, they change their modus operand with not to bank-in in their IB’s account but to transfer between wallets (I have no idea what is it). They get even bolder and start running roadshows as Shah mentioned.
The shocked news is they mentioned that there are around 200k to 250k of Malaysian who have invested in FXU. Wonder how many will left in agony once this scheme goes kaput.
Hope these guys and other IBs will face justice soon.
really? is this for real? the mastermind has been caught but only to be warned? this is not like a boy get caught smoking in school lor.
poor malaysians! our police practising double standard a lot. rich people and vips can easily get away with this. unlike US, their law on money laundering in their country is very strict and always target the rich and famous with suspicuous heavy cashflow.
common police bro! lets bring these scumbags to justice and give what they deserve for scamming people and using their money to get rich. sucks!
First of all, these assumptions that FX United is a scam is hysterically stupid. There is no CONCLUSIVE UNDENIABLE EVIDENCE SANCTIONED BY THE GOVERNMENT indicating that it is a scam.
All these socalled evidence has been made available by certain bloggers which can be easily fabricated in any manner whatsover. It is the 21st century. This is the internet.You read, watch listen to what you want. Then again, you may get others to listen read or watch what you want them to know.
(Ozedit: Offtopic derail attempts removed)
By the way Dato Raja and other MIBs have NOT disappeaared. They are meeting people and are adressing the challenges while offering solutions. There are solutions provided. There is no such thing as easy money coming to you without any obstacles.
It will be interesting to see how they solve these current challenges. Investors will have to wait. Its not 1 or 2 investors. Many are in the same situation.
How would it be a scam when FX United can provide statements of CGAT trade transactions indicating pairs that are being traded while having a MT4 platform to trade.
There are many people in FX United by the way who trade manually rather than investing in CGAT making profits or sometimes losses if they don’t know how to trade manually. This MT4 platform is downloaded from google play store for mobile devices.
Please explain these dear detectives… Reporting your panicky grievances to the police without waiting for an outcome can easily land many investors in trouble with the law.
BNM has already said those who invested in forex scams will also be prosecuted in terms of liaising with an unlicenced FSP in Malaysia. BOTH parties WILL get into trouble.
Thats if it is a scam. If it is not a scam BNM cant help you!
The money you invested was invested through a body not governed by BNM. Unless it is a scam PROVEN by the law BNM is powerless.
So once again Shah and co. If you can’t give a solid SOLUTION on how people can ACTUALLY get their money back from this so called scam stop coming up with all these Disneyland fantasies on how FX United is a scam.
It does NOT help people in anyway causing more trauma and panic. (Ozedit: Offtopic derail attempts removed)
That is what he is telling around. Not sure bro either he had really been interviewed.
What assumptions? Affiliates invest in FX United and collect a passive >100% ROI.
The only verifiable source of funds entering FX United is affiliate funds, making it a Ponzi scheme.
Legitimate businesses don’t have these problems. Ponzi schemes do though.
And running out of money isn’t a “challenge” for a Ponzi scheme, it’s the end.
What people do or don’t do outside the core mechanic of investing and being paid subsequently invested funds is irrelevant.
People can’t get their money back because scammers like you have already withdrawn it. That’s how a Ponzi scheme works.
i would love to see if this “ponzi” scheme ends.. lol.
FX United will end the same as all Ponzi schemes, when withdrawals exceed the rate of new investment.
Given the withdrawal delays and endless parade of excuses, by all accounts this has already happened.
thats the thing..no one ever seems to understand that this broker actually has a platform to trade.. they charge spreads.. 3 pips for major pairs.. by the way i did not invest in CGAT I just trade manually..
so no need to jump to conclusions captain Oz.. Its simply an opinion that its is a ponzi scheme..not an absolute fact..
The fact that they have CGAT promising returns does not mean its a ponzi..it still has a platform to trade..Thas how they make money apart from CGAT.
Besides dont be so sure..No one knows what the future holds..
None of which has anything to do with using newly invested funds to pay out existing investors.
Using newly invested funds to pay off existing investors is a Ponzi scheme. That is a fact and has not an opinion.
No, it doesn’t. Using newly invested funds to pay off existing investors does.
Whatever else is attached to that core business model is irrelevant.
This is false. Ponzi schemes ultimately run out of money, they collapse and the majority of investors lose money.
How can can you tell for certain that CGAT is their core business model making it a Ponzi?
If your assumption is based on this and solely this then it is flawed as you have not researched the complete aspect of the broker..
Their documented income includes spreads from manual traders..Otherwise why are they charging spreads?
Because the only verifiable source of revenue entering the company is affiliate investment.
There is no assumption. FX United pay passive ROIs on affiliate investments, with no verifiable source of funds.
CGAT is some magical fountain you dump funds into and collect a passive ROI. Coupled with withdrawal problems, obvious Ponzi is obvious.
This would be the part where you provide documented proof that every dollar paid out by FX United is sourced from “manual traders”. Otherwise I’m marking anything else from you as spam.
Dont try to argue about fxunited. It is truely 100 % ponzi scheme.
Now all leaders run to overseas. Dr moorthy ran to india n the best part is dont know when he will back from india.
no commmunication or contact with dr moorthy now. People here want answer from many things but he is in india now.
Just judge what kind of leader he is. Just pass responsibility to others ib and mini ib to support the team. useless leader.
Already submitted one doc.. more to come..
@adalakolikari
What you have sent does not in any way correlate affiliate ROIs company-wide with alleged forex activity.
You’ve provided a monthly statement PDF anyone can make up after the fact. What you need to tie is funds invested, deposited in bank accounts and then matched up with affiliate ROI payments.
You won’t get this from FX United though because all they do is use newly invested funds to pay off existing investors.
No doubt some token amount of trading happens, but it doesn’t entirely account for the ROIs paid out.
@adalakolikari
Can you please let us know the name of the broker?
Can you please let us know whether the investors’ money are put in a segregated accounts to ensure security?
Are the client funds insured?
Lastly, there are too many announcement from too many people from FXU who are not qualified to announce anything on behalf of the company.
Therefore, to make the long story short, please name at least one Compliant Officer and where is your compliance office situated. Let the compliance department deal with the current issues and address customer’s complaints.
What we notice in FXU, the IB’s, MIB’s, Mini IB’s and all other proxies are playing multiple roles such as the Broker, Compliant Officer and Accounts Officer.
Correct us if we are wrong buddy! This is definitely wrong bro, doesn’t make any sense and certainly this is a shady and a questionable operation.
In the past we had many fans of FXU who came out championing this shady business and the moment questions are thrown to them, they go missing.
We hope you are different from them, hope you can give us answers fit for intelligent people and not something tailored for the dimwitted.
Hope to get some factual answers from you buddy.
One last thing, about your statement that the investors will be charged for their involvement in sham companies, it may be true in accordance to BNM context but we believe the investors still have legal remedy due to serious misrepresentation in FXU agreement document.
Please check FXU’s investor’s agreement and you will know what we are talking about.
@adalakolikari
This is in no way intimidating you..but you should respond to our questions or it will reflect very badly on you, and it can affect your all your roadshows buddy!!
Come up with a a reasonable response so that it may help you fellas to recruit more fools to replenish your pool o fund..
Adalakolikari- please be the champion…. many gave up.. we hope you can be the champion of FXU… do not give bro.. give is a reasonable explanation or fu@@ you and your attempt to hoodwink the innocent people..
anyway where is Dato Raja… you said he us around… STFU…. he left all the shit to his partner in crime.
Peter… ask Peter and u will know the actual shit ….so whatwe can say … you are part of this fu@#$/^& scam an you are trying to justify your f!@#$&/ scam….
May you f@$#&*%÷ rot in hell.
Latest news.. IB moorthi and raja’s bank acc freezed by BNM.. Both IB’s downline not get paid for 2 months..
what about other IB and miniIB? they all proudly claiming that this is real. everybody happy by getting 12% monthly without fail. their eyes are being blinded by money.
i heard there’s an IB who paid cash for a luxury car. this scam business is really making serious money.
i wonder why our government didnt invest in this so we will be the richest country in the world. lol.. they are collecting more and more money from the people to maintain their income.
as long as people being fooled by them, their scam business will stand tall for a long time..
those who involve in fxu and proudly saying this is real business and fooling people around, i dare you guys, all of you, stop recruiting and collecting depositors money.
stop now and never recruiting for good, just sit back and relax and wait for your 12% monthly and pairing bonusses, and see how long fxu will pay your money.
you all claiming that fxu core business is manual trading rite? and fxu income is by spread charges rite?
so, lets see if this is true. stop recruiting and lets see the real outcome. i dare you people of heartless ponzi people!
Dear All,
This excuses that BNM freezed their account is another ploy to cheat the investors.These are some of the usual tactics used by local scammers when they are unable to pay their victims.
They put the blame on BNM and wash their hands off and this scammers act as though they are victimized by BNM.
Now, dear investor’s think wisely and ask yourselves, if this scheme is indeed a legal business, will BNM take any action against them? Think and think until you get an answer.
So, to get an actual answer, please go to BNM and get the answer. If indeed BNM freezed their account, please refer to your lawyers and gather all the victims of this scam and proceed with a class action against all those who are involved in this fraud.
There are remedies to recover your investment and don’t be afraid that you will be charged by BNM, this is a scare tactic by the scammers to discourage people from reporting to BNM or the police.
There are indeed elements of fraud and misrepresentation in their client investment agreement, show this trust documents to your lawyers and they will tell you it is full of lies and deceit.
The whole business plan was portrayed as a legitimate business but it was full of lies,everything from their stakeholders information to their business address, ALL LIES.
So, dear investors, victims and future victims, please act fast before these scammers escape, it is not too late so ACT FAST AND GET BACK YOUR HARD EARNED MONEY BACK FROM THESE SCUMBAGS.
Act fast before it creates a new pool of poor who are going to be on the streets and others who are going to fall into manic depression.ACT FAST BEFORE IT IS TOO LATE.
Dear all, I’m relatively new to the world of scammers. Its a longish story – and I was only impacted indirectly be another scheme which caused me alot of pain.
Once I started to scratch below the surface I began to realise the lengths that these scam merchants will go to steal other peoples money.
These are truely long cons. This is one of the most blatant. As they pre-planned it years ago, every step of the way.
(1). “FX United” You’d think that the United in FX United was “United (Global Holdings Limited) but you would be wrong. It was previous United world Markets Ltd.
How did I find that out. Well its actually on their site in a couple of places they forgot to strip it out. If you can’t spot it, don’t worry you just have to roll back waybackmachine a couple of years and its all over it.
I also like how these idiots use the fact they say their domain has been around for donkey’s years so that shows how honest they are. Just keep rolling back through the barren years and you will get to a training site. Clearly different guys running their own version of fantasy.
Why/how? Simple they brought the site once it was deregistered…>Why? Its is good .com name and it probably had a bunch of useful backlinks still live and kicking. which means traffic for nothing.
But that doesn’t prove they are scammers. No, just liars.
Ive got a bunch of half written blog posts (I’m new to this shit… writing is kinda hard… finding and picking apart the scum is pretty easy….)
The purpose of this little ramp is to share some facts Ive been sitting on for a while.
First united global holdings was never an operating company. The proof of that is in the ‘dormant company’ annual report they filed in NZ.
Unfortunately its the one lodgement thats not public info. Doesn’t really matter its obvious to anyone that has a brain.
They musical chairs with the ownership. The reason why its so easily passed around from Brian to Regina and Patrice is because they don’t own it. they take instructions from the beneficial owner.. Now the last two might not even know the real controller.
But that tweaker dick Brian Johnson has half a clue. If you want some truth – give him a squeeze and presto you start finding out the truth.
How to do that? I’ll come back to that another day. (along with how to revive a corporation in NZ, and some other ideas). [note the money is gone. the scum who did this might fade away but thats ok.
Have you ever heard the saying “Don’t hate the player hate the game”….. This is how you break this shit down. You tackle the game.
This is a cancer in society. that grows exponentially and everything around it feeds it. In the old days when you would try and treat cancer. they would just target the cancer and bombard the shit out of it.
Did it work? Not really. You see cancer is like these scum bags, it will find a way to survive and thrive its resilient, its evil. It has no pity, it doesn’t care. It has one objective that is to take everything it can get until there is no more.
Just like these scumbags. Except Ponzi’s are worse than cancer.
When you compare todays Ponzi to the old days mainstay of getting on the phones and ripping a bit of cash against a shit bucket stock that was it, you’d be on a list and yeah some would be gullible but they had half a chance. That shits like comparing a pimple to stage 4 cancer.
Why? Because this isn’t a game of being a little bent. Those that design these Ponzi’s only have one objective. to extract the most money possible from every single person who they can get in front of.
When you are playing a long con. Someone needs to back roll this shit up front. They want maximum return for their money, resources and time they put at risk.
I used to think these HYIP structures were literally a frigging joke. and if you are in the mindset that they are nothing but a badly structured unachievable scummy product to sell to victims. You can’t see anything but that.
unfortunately, once you are convinced that they are real, you get a few payments back, you see the ‘fake’ wealth and joy that it promotes, and the fake awards to other muppets, and you attend the amazing gala dinners.
Its all a concocted scam to get you to have the Ephinany of Arbitrage. (ok I made it up but its exactly what it is).
by this time the orchastration hasn’t just made you a believer, you are past that you want what you deserve Financial freedom and you need $10k, $20k, $50k a month to do that and you are only getting $2k (plus a few bob from the other victims you bring in for the kill).
Then the answer comes to you. I can borrow money any money, credit card, personal loan and I can arbitrage it. But that doesn’t get me to financial freedom.
plus I’m maxed out on the c/c as I brought that bling bling watch to wear to the Gala dinner just in case I won one of those fake plastic awards.
Thats ok. I just empty out the Superfund (Pension) and/or I’ll rip the equity out of the house mortgage. Fuck it I’ll get a second or third over the house. Because I deserve financial freedom.
This is the best wealth generator of all time. For those that extract it.
A person, a family can survive making a bad investment decision, wasting money on flash things. But its almost impossible to get back something you didn’t even have in the first place.
THose at the end of the line are impacted those worst. They don’t get the incentives, they don’t get the payments (that at least offset some of the damage) they get sweet fuck all and the rest of their lives to pay that back.
So those of you who realise that this is a scam, or speculated it was but just wanted to see if they could get one or two payments more that will get them closer to even.
You should think about what each of those payments costs others just so you could get a few bob back extra. You have contributed to someone else’s misery.
If that isn’t enough to get you to take action. Then shame on you.
before anyone throws rocks at me for getting on my soap box.
If you want some proof that these guys are shonks. Lets just look at how they get you to send the money to them, why they do it this way and what kind of upstanding ethical firms they use to do so.
In my first rant, I mentioned that I had been indirectly impacted by another scam group.
That group was Maxim Trader. While it is now quite a while ago these guys were on the loose raping and pillaging, there is always a trail to follow, and they always play the game again.
Following the money. There was one money service provider that I was able to track was a group called Global Transaction Services (UK or LLC or GTS HK Limited), they were fairly lax in how they did business, so they obviously made a good go to group if you were a touch bent.
Here’s an example of a transfer being made. i.imgur.com/IICaQ4b.png (Ive blocked out the details of the not so innocent). [note this is the first time I know of someone calling these guys out together].
So how it works is Maxim would generate an invoice that was confusing at best, but in effect it really said. Please pay $x to this account to settle our invoice, or in other words.
Could you please initiate the first wash at our laundromat of choice. Thank you our business is now concluded thanks for paying your bill.
At this point you have just lost control of your money. Not that you realise this because over in the otherside of the world say Hong Kong. You have just handed over your ID proof of address and other personal details that have real value in a secondary market (especially on scale).
and you set up an account with a licensed money supplier, when a couple of payments hit your wallet or the pixels on your screen suggest that you have money in your wallet (which you don’t) there is no wallet its just pixels that say there is a wallet.
The money sits in an account and when you want to cash out. it takes the money out of that account and puts into your account that you opened.
Adjust the pixels on your screen so it looks like cash has moved from your wallet to your account. You then bring the money back to your local account. This is important because no one but you has moved that cash across borders.
You sent your money to a group you don’t know in settlement of an invoice that you were provided. You set up an account in another country to receive money.
There is no contractual arrangement with that account and the money you are receiving. There is no recourse against the money supplier as all they are doing is providing an account.
If you want to complain that these scammers haven’t paid you from their money laundering activities. Well thats not going to get much traction.
If you want to see evidence of this check it out.
SFC Obtains court order to freeze $23m Maxim Trader: goo.gl/meDFuk
Ok. so whats that got to do with FX United?
Well thanks to the muppet that put together http://www.fxunitedexplained.com (someone that promoted this shit out of FX United and only risked $1,500 but took on lots of victims, has gone awfully quiet).
Anyway, one good thing he did was show the paperwork and process he went through.
so here is the invoice. i.imgur.com/y7vRsBQ.png
the only real difference between Maxim and FX United is the bank and country. Maxim’s went to Poland and FX United has gone to Czech republic. (Note they currency is Euros…. makes no sense, since this is the world of FX, so the investor changes his Aussie dollars to Euro to make an investment in US$… no mention of who cops the currency risk… the reason provided by FX United…. its a european bank.
That would almost be plausible, but one thing I know. In the Czech republic you can only stuff Czech Koruna in the strippers knickers.
Why? Because while they are part of the EU they don’t use the Euro as their currency….btw you would think someone transacting through the country would know this.
Should ask Robbie the expert trading robot to verify thing before its one of your maintain bullshits.
Ive written a whole load more comments directly on fxunitedexplained.com website
Using this neat little extension
genius.com/web-annotator
basically you install it as an extension in chrome and you can highlight anything you want and comment on it. when you want to share it
put genius.it/ in front of the website name like this
genius.it/fxunitedexplained.com/news/2016/3/14/funding-my-ac?
I hope that works (first time using it).
If you want to preserve the dodgy page you can get a bookmark from archive.is and have the page archived for ever preserving the scammers crime for all to see when their time is up.
Big ups to those that run and post the truth on this site. Those that throw rocks, give it up. These guys speak the truth, just remember the rock you threw when you were a believer.
Doing nothing is not an option. If you believed and your testimonial got one person involved if you took a benefit in anyway, a gala event, some dollars for the intro, maybe a worthless fake trophy, you helped facilitate misery.
The only thing I say you should do is put the same amount of effort in taking these guys down as you did promoting them.
I am focused, no actually Im obsessed with busting this shit up. I don’t hate the player. I don’t even care about the player. I want to dismantle the game.
Just in case someone actually reads my rant. I’ve left the juicy bit out about GTS. Shouldn’t take too much effort hunt it down on google…..
All FXU members,
Adalakolikari said :
The investors are equally punishable under the law for participating in the scheme.
It is okay, let us give him the benefit of the doubt and here we are sharing some information from the Central Bank of Malaysia on some remedial actions available for victims of scam and fraud.
This is the link and the explanation provided for your further reference.
bnm.gov.my/index.php?ch=bm_misc&pg=bm_misc_attach&ac=551&lang=bm#4
The excerpt from the website:
(Ozedit: Non-English removed)
So, dear investors, we would like you to refer to Geneva Gold case and you may refer to the central bank and the police department, the authorities did not simply wash their hands off the matter but there are some form of support from the authorities.
So how long do you want to wait? Wait until every little bit of your money go missing in the thin air?
You people have to decide man, but what we can say is , ALL THE BEST in recovering what is RIGHTFULLY YOURS.
they are becoming very cruel right now guys.their new system only allowed 3 method of withdrawal which is :
1. Perfect money
2. Bitcoin
3. Transfer fund within network
The 1st and 2nd option take ages to withdraw while the 3rd option is crazy and cruel to the max. promoting headhunting at full throttle now.
can see how desperate they are right now. to withdraw, u have to sponsor and transfer the amount from ur ewallet.
let say u hv usd 10k in ur ewallet and u r sponsoring for usd500, so u transfer the amount of usd 500 from ur ewallet to the new account and u get ur sponsoring bonus cash from the person u sponsored. sound fishy enuff right.
i wonder y do people still buying their lies. cant u see it guys. this whole coverup makeup stories is bullshit and crappy.
act now and save a lot of people guys. it maybe one good deed that u can do right now and get paid a whole lot better later…
@truthseeker
Pity those people who do not even know or understand the PONZI mechanism and how various tactics are employed by these buggers to buy time awaiting and preparing their escape route.
TO ALL YOU FOOLS WHO HAVE GIVEN YOUR MONEY FREELY TO THESE SCAMMERS, DON”T BLAME ANYONE EXCEPT FOR YOURSELVES FOR BEING TOO STUBBORN TO LISTEN AND TO BEING TOO CAREFUL TO ACT.
DON’T THINK BY WAITING ..YOU PEOPLE WILL BE PAID, DREAM ON. OUR ONLY ADVISE IS CLAIM WHAT IS RIGHTFULLY YOURS FROM THIS
SCAMMERS BEFORE IT IS TOO LATE.
The fake IB’s have already disabled their facebook comment section and constatntly deleting posts from angry and frustrated clients who are screwed by these scammers.They are only allowing comments which are glorifying this scam.
To All Investors and members, we are extremely sorry for you and your pathetic attitude. Can’t you people see, you are screwed and your intellinge is challenged by these scumbags and you are happily allowing it to happen.
For all those professionals, accountants and lawyers who defended this scam tooth and nail, by now you boy’s and girl’s already know you have been conned.
We can understand if there are inaction from the uneducated,but you people, are you people going to be quiet and let this rats go free and enjoy YOUR HARD EARNED MONEY???
There are many provisions in law to protect your interest so don’t buy their story that BNM will freeze their account if you complaint.. This is pure bullshit.
Hey you dont read the news at all, do you? Looks like you have been bullshitting all this while.
The Genneva Gold operators have all be released and all accounts released. Wake up, my man. Stop moaning and groaning just because others are making more than your kind of people.
You caught my train of thoughts Lexman..was about to call him on his bullshit. Just for your info once again Shah read carefully.
The broker is FX UNITED and whether you like it or not their de-registration NZ does not matter as they are still a broker with a platform which you can trade off.
They were deregistered simply because competitor brokers were upset that FX united’s affiliate plan was one up compared to theirs.
There are other forex brokers who offer affiliate plans but not at the levels FX United has. That had garnered lots of attention.
Why should anyone talk to Peter? Who the hell is he? Stop lying like a scumbag that IBs said their accounts were frozen.
It’s simply a ploy to hoodwink people into getting them confused for no apparent reason by clowns like you. The CGAT software is being upgraded by the IT specialists who designed it.
Believe what you will nobody cares. Trades are ongoing as usual and profits are being made when trades are executed by traders who perform their daily analysis to their best knowledge and potential.
IB’s are holding weekly/biweekly meetings to ensure traders are well informed. As for segregated forex accounts its simply a protective measure to keep clients’ funds safe and separated from broker’s own capital. But does this guarantee full protection? It depends on the country and its laws.
Traders as investors have the right to receive compensation in case of company liquidation/bankruptcy, but the amount of compensation (same as with bank deposits) will depend on the financial rules and regulations specific for each country.
Therefore, it’s not enough to say that a broker offers segregated accounts, because what matters in the end is how much you’ll be able to recover should things go wrong.
Now does this apply to Malaysians who invest/ trade in forex? the answers is NO. Why is that so? Simple, Forex is not regulated in Malaysia and you are not encouraged to invest due to potential losses you might incur which could exceed your capital, therefore you are taking a risk when you invest/trade and if things go south for you too bad you are responsible you made the choice.
I don’t know where you get your sources from and how you interpret them is your own understanding no one is obliged to share into it. By the way I don’t think you understand what is written in that link you provided on BNM.
(Ozedit: Offtopic derail attempts and abuse removed)
Once again even if FX United happens to be a scam you think BNM is stupid enough to give your money back to you?.
As with all money laundering and illegal asset acquisitions, the investor’s money in FX United will be seized by the government as it was illegal. So anyone performing illegal transactions with companies not endorsed by BNM should be aware they will be screwed if the scam goes bust and is shut down by the authorities.
YOU WILL NOT GET ANYTHING BACK. ZILCH. Simple as that. Here’s another newsflash you dimwit, now withdrawals are going through Perfect Money therefore it will no longer involve IBs.
So how can BNM in any case intervene when local banks are no longer being used by IBs to channel money? People were not duped at all as they were told the nature of this investment is in the forex industry which is not governed in Malaysia.
So anyone trying to play safe should never have invested in the first place. I’m pretty sure people introducing this broker did not mention the nature of investment was in cows.. Get some solid proof moron you are starting to sound like a punde yourself.. in other words STFU.
@Lexman ..whatever.
SO YOU ARE FINALLY BACK. WHAT HAPPENED TO OUR QUESTIONS PERTAINING TO THIS SCAM AND YOU WERE SUPPOSED TO ANSWER..POSTED ON 17th August 2016…what happened man..a sudden special appearance, you are like a magician man.
Ok, let us clear your clouded mind..read the below.
We did not mention anything about the directors acquittal because we are not bothered about what the hell happens to them…get the context right man and stop your twisting and manipulation.
Let us repeat again, we said that the investors who are victims to scam run by scoundrels like you still have a way to take action to recover their money…SO WHERE IS THE LIE, LACKS MAN.
So you LacksMan , are you aware that the investors have the right to claim what has been taken from them.
Lexman…..take note that..
Any asset seized during the course of raids are meticulously documented and accounted for and maintained in safe custody. If there are criminal proceedings, such assets will only be dealt with at the direction of the Court.
Assets seized during the course of the investigations can only be dealt with at the direction of the Court. Investors may file to the Court a third party claim for the return of his/her money.
So where is the element of lie, we were merely informing those who have not received their money from the you buggers for months and how to recover and claim what is rightfully theirs…SO WHERE IS THE LIE MAN..
NOW GO GET A LIFE AND CONTINUE YOUR MANIPULATION AND TWISTING AT SOME OTHER PLACE MAN, MAYBE A ROADSHOW PROMOTING YOUR SCAM SHOWS.Go, Man…go and cheat more people and make more money.
LEXMAN, one last question before the shit finally collapse..
Question: Who are the shareholder/ rightful owners of this brokerage firm which is dealing by the name of FX united??
Since UGHL have closed shop, where is the broker and what is the name of the broker…is it J.P United World Markets or UGHL Services and Support located in Makati, Philippine..which one man, please answer and if you are not giving us credible answers and logical argument please stay the f”‘#$ out of this forum.
FINALLY, WE SAID THAT THE VICTIMS OF HYIP SCAMS IN MALAYSIA ARE NOT ABANDONED BY THE AUTHORITIES…SO WHERE IS THE LIE, MAN.
FX United was deregistered because it was a shell registration by Malaysian scammers set up to mask Ponzi fraud.
Documentation, please or you’re simply parroting what your FX United upline told you.
Hahahahaha. Trading without registration is ILLEGAL, and participants are unprotected by ANY LAW since they CHOSE to participate in an illegal and unregistered enterprise.
You are just trying to convince yourself that you could not possibly made a mistake, despite all facts proving that you did. Stop lying to yourself.
adalakolikari: They were deregistered simply because competitor brokers were upset that FX united’s affiliate plan was one up compared to theirs.
Wow, excellent bullshit, anyway nice try man. Fx United is a broker?? Good try but not valid man.
What is the proper name of the broker and who are the stakeholders of this entity and if you cannot answer these valid questions, than we would request you to STFU and discontinue your drama because it is too late to rearrange the deck man. IT IS ALREADY SINKING, BRO MAN.
The end is nigh and there are so many signs showing the collapse of this scam is inevitable but you guys are still so highly spirited, we respect your determination.
Please keep up your good work and continue your endevours to recruit more victims to keep the sinking ship afloat for a while. All the best Man.
Lastly, please stop this bullshit that there are no legal remedies for those who participate in local sham organizations.
Hope your thinking faculty is still functioning man, do you still remember where and which bank accounts the members fund were deposited.
The answer Is, the funds were deposited into Malaysian/ locally incorporated companies and therefore the deposit taking companies are answerable to their clients fund and not the imaginary broker, FX United and supposedly located in a distance land.
To all those who are victim to scams, the below is the answer given by BNM, as such the claims by Adalakolikari that you cannot get your funds back are total lies.
What should you do if you’re a victim of these schemes?
ADVISE BY BANK NEGARA MALAYSIA;
Members of the public are advised to be careful and not to fall prey to the above mentioned schemes. If members of the public have fallen victim to any of these illegal schemes, Bank Negara Malaysia advises them to do the following:
Firstly, they are advised to lodge a police report.
Then, to report to the relevant enforcement agency.
Members of the public must keep all the related documentations of all their investments such as bank-in slips, deposit slips, agreements, vouchers that they received from the company or perpetrator so that they can use the documents to take action against the company.
This includes the details of the officers or key persons in the company. This information could prove useful for enforcement purposes.
This is the link, in case you want prove.
bnm.gov.my/microsites/fraudalert/06_faqs.htm
Yup.. agree much with K.Chang right there.. dearest adalakolikari and beloved lexman here are definitely in the stage of denial,critical!
Pity them, got nowhere to turn to since all the facts and figure are against fxunited.
the only words that can calm their anxiousness are from their upline. you guys can eat and sleep with that man but sorry, i am not buying. we are here to dismantle this dirty game.
Wow….when I thought I’d heard it all….. Adalakolikari…. who dropped you on your head.
Deregistered because of jealousy. Yep thats written write into the NZ Companies act. you are a tool. Instead of listening to the moron’s around you, go and have a look yourself.
Could you actually define how FXU affiliate plan differs from its competitors?
You talk about losses? I thought the broker is the one party that never loses? If they did somehow manage to lose their 3.5pip spread which they are to share out? All things being equal exactly where are the losses occuring?
I see the new JP United World Markets are rehashing the same self written rubbish agreement.
Here’s a few markups on the ‘trust instrument’ (which it isn’t): i.imgur.com/lPTJqMR.png
You would think the scammers would at least update their website to reflect the new entities ….
@Adalakolikari
Why is this company, incorporated in Malaysia acting as a trustee for investors and who is JP United World Markets Sdn Bhd. Why deposit money into this company account??
Are they the brokers???
Who gave them the right to take deposit from the public???
Is it not an act of illegal deposit taking by using the misrepresented and comical trust agreement.
Check out this trust agreement( refer to the link below) and tell us if it is legal in Malaysia.
What we can say is WTF and what blatant disregard for law. You fakers are going to get into some serious problem man..don’t push your limits and take things for granted, very soon you fakers and fraudster are going to get it man.
The Link:
1.bp.blogspot.com/-0vzcD4oODhs/V9FEGlhrqnI/AAAAAAAAKOA/__V19NEHFcQb_qdAEByNadzA23OB9ErpQCK4B/s1600/TRUSTEE_JP%2BUNITED%2BWORLD%2BMARKETS%2BSB.png
Wow,
United Global Holdings Limited Support and Services Inc…A company registered and operational in Makati, Philippines. You guys don’t give up, don’t you.
New and very interesting plot, new company name with slight changes from the original name, UGHL New Zealand, clever but not so brilliant makeover.
You fella’s are such clowns… Remember this man, IF YOU HAVE TO SNEAK TO DO IT,LIE TO COVER IT UP, OR DELETE IT TO AVOID IT BEING SEEN, THEN YOU PROBABLY SHOULDN’T BE DOING IT.
This scam has reached the maximum crap capacity man and we believe you liars are so expert in your field that your own lies deceived you.
@Lexman, Adalakolikari and the rest of FXU advocates..
The truth will set you free, but first it will piss you off, therefore be calm as the end is near.
TO ALL THOSE WHO ARE ALREADY FACING THE BRUNT OF THIS SCAM, PLEASE STOP BELIEVING IN THESE SCHEMING, CRAFTY, AGGRESIVE AND MALICIOUS SCHEMERS.
REMEMBER THIS OUR DEAR FRIENDS…
PEOPLE/VICTIMS START CARING WHEN IT IS TOO LATE..SO ACT FAST TO GET BACK WHAT IS RIGHTFULLY YOURS BEFORE ENDING UP IN THE STREETS.
ALL THE BEST
Check out the quality service providers FXUnited use to facilitate their scamming.
Outside of Malaysia they were using Global Transaction Services (HK) to facilitate their transfers (aka pre-rinse ahead of full wash cycle).
i.imgur.com/dvTRg6L.png
As the money scammed outside of Malaysia would be relatively small by comparison. Its a pretty reasonable bet that these funds don’t make their way back to Malaysia they would just be cycled through another stage and then end up direct into the offshore bank accounts of the main scammers.
Global Transaction Services ‘Group’ consists of GTS UK (United Kingdom), GTS LLC (Georgia, US) and HK (Hong Kong).
Controlled by Daniel Andrew Barrs Senior and Daniel Andrew Barrs Junior (and two other directors James M and Hannah VM but they are not as interesting …well right now i’m sure things will shake out).
May 2015 – Long Holiday in the big house
Father and son duo Daniel Andrew Barrs and Daniel Barrs, both from Surrey, were given 7 years and 3 years in prison, respectively, for facilitating money laundering in this case and a previous one dealt with by HMRC in 2012. The two men were found to have laundered more than £20 million in total.
That should be a nice warmup for Barrs senior…..as he got a few more problems.
May 2016 – Daniel Barrs indicted by Grand Jury in the US
bizjournals.com/atlanta/news/2016/05/13/global-transaction-services-head-indicted-for.html
anticorruptiondigest.com/anti-corruption-news/2016/05/17/global-transaction-services-head-indicted-for-money-laundering/#axzz4LFLYo4Rb
GTS HK isn’t so active since the Grand Jury indictment…..but they are operating under another name…..but thats a story for another day.
Adalakolikari and Lexman
Been itching to know who are your Liquidity Providers??? Any idea, just curious because heard something lately about some LP’s which we will share later.
BNM Press Release:
No excuses for those who invested in this scheme as they did not check with authorized bodies before making their investment.
No excuses saying they were cheated. Investing with an unregulated body simply means all your proof is not valid even if you had any.
Anyone can fabricate anything these days with the help of modern tech. They knew what they were doing was shady.
Why invest in the first place? (1) you lose your money. (2) Possible jail time. (3) Both.
(Ozedit: At the risk of going around in circles, I think we’ve covered regulatory contact details in Malaysia.)
Although its been covered seems people are unsure or confused. Does not hurt to remind people of the reality.
@The Good Samaritan
You are right from Bank Negara Malaysia context and guidelines but there are other factor’s as well before anyone is penalized, including the perpetrators.
“The good of the people is the greatest law.”
So, to all victims of this scam, please proceed to redeem what is RIGHTFULLY YOURS NOW!!!!
I just don’t think we need every second comment to be a 3000 word essay containing information that has already been published multiple times.
Well once the money is gone its gone. Period. Perpetrators would have used it up or what have you.
The only thing that can be done is put the perpetrators away (jail time). However that is not going to help people get a refund on their investment when the funds are gone. So logically investors are screwed if FX United goes bust
Obviously the BNM is not going to refund investor’s money
To all members,
Recently the FXU is going around telling that the New Zealand government has frozen United Global Holdings Ltd bank account, for more information refer to the below explanation and response from Financial Market Authority of New Zealand to a Mr. Paul who wrote to them and which we extracted from this link/website.
100forexbrokers.com/reviews-ratings/fxunited
The details:
FXU Investors,
This is the response from FMA New Zealand, they have positively stated that UGHL account is not frozen and no other legal action taken against them. Therefore, the reason given by the IB’s and MIB’s are invalid. It is blatant lie and fraud.
Feel free to call or write to FMA if you do not believe. The money that you gave this guys are gone for sure and now they are putting up a drama to buy more time, including aggressively recruiting new investors to pay off the old investors.
THE RESPONSE/EMAIL FROM FMA, NEW ZEALAND:
As I mentioned! The moneys gone and no way for investors to get their money back.
There is no way to claim back what is rightfully the investors money!
@The Good Samaritan
Thanks for your concern and your feedback… the investors and victims of this scam still have recourse to recover their money…
SO, TO ALL VICTIMS OF THIS SCAM…PLEASE GO TO BNM AND GET BACK WHAT IS RIGHTFULLY YOURS…
They may only complain to BNM. Action could be taken against the scammers. However who is going to refund the investors Shah?
The scammers are out of money. Action being taken against scammers will merely shutdown the scam. Some people could go to jail. That’s about it.
No one is going to get their money back. The money is gone just like in other Ponzi scam cases.
Obviously the police and BNM are not going to refund investors money.
If you are asking about whether NZ police can do something about them, the answer is: they are not a NZ company.
If people can positively identify bank accounts used by FXU then feel free to tell NZ police and FMA about it. But just wave a flag “Hey! Illegal company there!”… the answer would be “we know, duh”.
bank accounts IN NEW ZEALAND, forgot to specify.
Exactly, as I mentioned once your money is gone its gone. Whether its in NZ or Malaysia does not make a difference.
YOU CANNOT GET YOUR MONEY BACK DEAR INVESTORS. THE PONZIS WOULD HAVE MADE OFF WITH IT. PERIOD.
CGAT BONUS ADJUSTMENTS AND AFFILIATE BONUSES UPDATES
There you go doubters! an update from the broker. Many more to come. Fasten your seatbelts!
What update from the broker? It’s just announcement “we’re pretending to give you a little more money”.
Remember, it ain’t your money until it’s in YOUR bank account (or in your pocket).
Here’s the update:
“Blahblah excuses we have no money left blahblah more excuses to buy time blahblah have faith in god/allah/thesphaghettimonster/xenu blahblah etc. etc.”
Trader login page down?
venusfx closed shop! Next FXunited
How do you know Fxnews? Where is the proof? Any links? Newsfeeds? Reliable sources?
From venuxfx investors (johor bahru).
They give up on venusfx..but expect capital refund.
Please check ponzi scheme malaysia alert facebook page..
Investors complaints and discuss about venusfx..
NEXT FXUNITED..because using same module operandi
As expected no confirmation just speculation..
There’s a vast difference between “confirming” and satisfying the demands of an apologist for a pyramid scheme.
Sell the farm, quadruple your investment, deposit your parents’ life savings.
Who cares ???
I am fxunited investor. Since early september fxunited cant make any withdrawal. You can only withdraw/transfer to same partner in same network.
Now fxunited totally become MLM. With my limited knowledge work in IT sector, i cant think why fxu still cant solve withdrawal via bitcoin or PM. No one able to withdraw now.
There are rumour about people receive payment via bitcoin or PM, i tried to get proof, but no one can provide.
FXU at least should make manual payment via bitcoin or PM if they cant get system to work automatically. NOW u nees to find new investor (con someone) to get your money out.
Too bad i am to late to notice and to late to frequent check online about this fxu. Now my money stuck at server.
I dont know what you are on about littleroundman. I’m talking about confirmation on VenusFX collapsing not about selling farms.
Ya confirm venusfx close shop. My friend just loss 50k. Fxunited coming soon.
Dr . Moorthy and datuk raja planning to settle in overseas. all money tranfer to overseas account.
The only time you’ll get the level of “confirmation” you’re demanding is if and when the authorities move in.
In the mean time, instead of making juvenile comments about the lack of the type of “proof” you require, why don’t you put your money where your mouth is and go all in, sell the farm and invest the proceeds into VenusFX ???
You’re getting the benefit of others’ experience and advice for free.
If you don’t find it useful, double, triple or quadruple your investment, it’s your money.
@Adalakolikari
Looks like you are back with your nonsense.
Do you know something Man@Adalakolikari???
Everyone has the right to be stupid and we are damn sure you are one person who is abusing the privilege.
We are definitely patient with stupidity but not with someone like you who is so proud of your stupidity, so get the f@#$& out from this place and get a life you sh&@! Ho#@….go get a life man.
FX United is a fu$#@$ scam even if you are registered in Philippines, and rememeber this…it won’t be long before you fu#$s are punished for your evil deeds you fuc#tards..
You can manipulate as much as you want and find fault with littleroundman’s statementķ but you are definitely a BIG FILTH trying to play around with your words, it does not work here my bro….the debunkers know what they are talking unlike you, talking through a place where the sun don’t shine…
Adieus you Idiot.
Agree with Shah comments. Nothing worth having come easy in the world!
i wonder, did u guys who involved with this scamsh*t ever think that u guys are being used by ur upline?
whoever ask you to join them in this are fuc*ing selfish. they just want to save their butt and maintain their income to stay in their lavish lifestyle which they never live in before.
and are you guys willing to do the same and hunting for innocent downline? selling hopes just to get what u want. do you guys even have a heart?
deep down i know u guys know this is wrong, but u guys do it anyway for the sake of money.
just think guys.. think hard.. do you guys willing to live on other people tears?
what goes around comes around.. remember that.. and when the karma hits on you, never ever hope that ur beloved so called IB or miniIB will get their hands dirty to help you!
To the doubters:
So, 144% per annum, Eh ???
Better see if you can get Bill Gates to throw in a coupla mill.
Then you can all retire on the profit.
NOT
anyone here is english expertise? do you mind to evaluate those statement from fxu by our mr adalakolikari here?
is this really the standard of english used by a company who claimed themselves the best international broker in town? hahaha.
so messy and really basic and beginner type of english. im no english master here,but to read those english.. hmm… to doubters?
haha.. u are adding more doubt here mr adalakolikari. plus now u r confirming that fxu is giving fix profit which been argued by many before.
fix profit is wrong in any investment. u r really naive mr adalakolikari.. i feel sorry for you..
p/s : true littleroundman.. and beside bill gates, also can ask 1MDB to invest here to solve our national problem.. ;D
Because that’s how legitimate forex trading works.
FX United is still just a Ponzi scheme. They collapsed once and the reboot will collapse even quicker.
Many negative comments or problems even in year 2014.. it happened as well in other country like indonesia… just wonder if people still believe like this..
keep your hopes up guys!
There is no need to intro new EA. Just make sure people can withdraw money first.
1mil ewallet is useless if you cant withdraw. Withdraw must be direct from broker. Not from your upline or downline.
Totally man, hail to shah, oz, k.chang n some other else whose name a lil bit long.
Truthfully i near want to invest in this shit through my best friend. But what i m curious about all the details such as UGHL, License to collect others money, to whom depositors give their money, how they can pay consistenly to depositors like they claim but it is not stated in their agreement upon this “product” at all from 1st time involving contract that trigger my mind there were something fishy about this whole thing from where it starts until end.
Seems like too good to be true and now i understand a lot due from Mr Shah explanation. Now i get the whole thing and try to save my friend for being a victim and try to convince him from updating the latest internal info about withdrawal capital.
My friend claim he just transfer to another group call Glory and this Glory team get the previlege to withdraw the money through MIB’s due to 7-10 days using network payment not PM or Bitcoin.
So i guess i cancel to dumb in money in this scheme and try to update intel from my friend what is happening lately.
too many shady info seems like a lot of risk to consider from the start. Especially this day every single details must have legitable proof such as contract clauses, tnc, etc.
That just my tiny oppinion. Cheerio.
shan, you are awesome bro, saved my money.
Payment all goes well.. fxunited bck to normal.
find a good and regulated brokers. there is no such thing like cgat, multilevel, downline or upline in forex.
fxunited is not a forex broker.
Fxunited payment still pending for few months payment and capital withdrawal option non at all. Just buying time before shutdown the operation. Same way as venusfx did.
Be careful as fxunited investors. Pity for them with large investment amount and new investors.
Thats total bs these options are still available on the website. Stop creating unnecessary panic among investors thank you.
15 oct 9.45pm Malaysia time. Server and web managed by idiots?
This page is currently offline. However, because the site uses CloudFlare’s Always Online™ technology you can continue to surf a snapshot of the site. We will keep checking in the background and, as soon as the site comes back, you will automatically be served the live version. Al
Fx web down again?
Just because the website’s up doesn’t mean you can trade.
Those who believe all options are “available” just because a static mirror is being served are overly optimistic and foolish.
@adalakolikari
Do you have any proof payment via bitcoin/PM done by FXUnited? If yes, please show it.
one of their IB under glory group already send messages to downliners to double the effort and ‘make sale’ together a.k.a headhunting to liquidify their USD in wallet into RM..
@adalakolikari, this is what we call bullshit!
bullshitting people to execute their exit strategy. legit broker or investment company wont do this.. open ur eyes!
open ur mind la people.. why is it so hard for u people to see the ponzi in this?! ah, i forgot,already being blinded by money yeah?
@Adalakolikari
So you want prove that FXU is a scam operated by scumbags like you?? Refer to the link and please tell us that we are wrong about FXU being a scam/ponzi scheme.
This guy who created the website is a genuine FXU member and see how he is given a runaround by FX United. Poor fellow, can you please help him??
Link: fxunitedscrutinized.com/
Take some time and read his plight, there are many who are in the same boat, got cheated by FXU but only a few are fighting back to redeem their investment.
Don’t think the silent majority are stupid…. very soon, you will see more people coming out in the open to fight for their right to claim their monies.
It is going to be a BIG NEWS BABE!!
IF YOU THINK WE ARE MAKING UP STORIES, IT IS YOUR RIGHT….WAIT AND SEE AND IF YOU WANT TO ESCAPE, PLEASE RUN FAST AND GO INTO HIDING, YOU SCUMMERS.
@Shah
So CSI wannabe scumbag I see you are back again with your foolish mindgames. Well keep it coming. Oh and that link: fxunitedscrutinized.com/ looks so legitimate everyone would believe it. Keep trying. Meanwhile heres something to humor you:
No one can get their money back since the ponzis have made off with it. The police won’t refund investors nor will BNM. So who will refund investors money Shah?
Last time the same thing happened to Geneva Gold the scam got busted however people are yet to receive a single penny in the form of compensation.
Giving people false hope they can get get their money back is futile given the current situation. No point crying over spilled milk. No more recourse. Nothing. The moneys gone.
A victim’s confession..
anyone here could clarify the reason why the need of hunting for new investors to liquidify the usd in ur wallet into rm?
why, why and why..?! plez anyone?
mr adalakolikari? or any fxu extremers? why being so selfish over ur greedy needs?
then the new investor have to hunt for other new investors to get their money, and then repeat the process, and then what?!
is this logically can happen in legit company? plez explain this mess, could you?
@adalakolikari
I have been following this discussion page quite some times. Your mind most be not clear. Definitely fxunited is a spam, a ponzi
Why deny the fact? You are one of the conmen? if yes, please think what you have done and wait to see what will happen to your rest of life.
If no, why so are so confidence with what you said? Any solid fact besides text only so far?
To date not FX United investor has been able to provide accounting showing forex has anything to do with the ROIs they were paid out.
It’s all newly invested funds being used to pay off existing investors, hence FX United’s collapse.
Poor new investors been advices to wait 6 month.. it’s insane to wait without any assurity.
Wow…open new branch! Fantastic!
Why are you claiming FX United has collapsed Oz? Do you have proof of this?
When a Ponzi scheme stops paying affiliates, it’s collapsed.
All the BS announcements are just to put off affiliate complaints.
Adalakolikari do you have any proof that fxunited will pay you ? Any black and white from fxu.. I’m not interested with what the IB says..even they’re not sure about it.. I only see manipulation from them.. I’m just curios since you’re so confident..
Why do you say they have stopped paying like its a sure fact when they have given a time frame when the payments will resume after system restructuring is complete?
Because FX United affiliates aren’t getting paid. Herp derp.
That’s not how a legitimate business works.
They have never given any time frame.. it’s a time frame given by the IB (moron) which is 60-90days.. some even after 90days no payment into bank..
Broker has never announced any time period when the pay will release.. Seriously no professionalism. I agree with OZ.. it’s not a legit business..
Sorry Aji, now they say wait for minimum 6 months. Everthing will be normal it seems after that, crap…
Info from a friend in Ipoh. Talk by so called MIB Dato Amer on the 17th of Oct.
Just wondering how they are going to pay their new recruits from Philippines and Cambodia when they can’t even pay the existing victims.. LOL….
6 months waiting period to withdraw your own money… nice RIP OFF.
time frame for system restructuring? total bullshit!
It is more for either one of this:
1) to give their agents more time to collect as much money as possible from new depositors to pay the existing members.
clearly they are touring like hell all over the country right now looking for new heads. even the IB and miniIB (some millionnaires oredy), also being urged to recruit people to liquidify their money in wallet.
2) master exit plan. after 6 months they will come up with other reason, such as bnm freeze account, system hacked, bla bla bla, etc… close shop!
and the mastermind oredy secured the money somewhere. only left with idiot people crying over the spilt milk.
We shall see…
Dear Victims of Dato Raja a.k.a Pandeyan Maruthamuthu and his associates, please refer to the following information for your futher action…
beyondtimeinternational.com is hosted in United States and owned by PANDEYAN MARUTHAMUTHU () who resides in Australia.
beyondtimeinternational.com
domainbigdata.com/gmail.com/mj/dRAp1eIvrvx47AAjhs2New
For those who are looking for this scumbag please refer to this link to get hold of this self serving , cold hearted and evil person.Now you people know where and how this scammer is enjoying with your money..
And now you prople know where he reside, yes he resides in Australia..go get these low life and demand for your money.
So, Adalakolikari, good investment your scumbag associates made in Australia..don’t be too happy ..one of the Australian investor is going to work with the Australian police to nail you culprits.
Peter Tan, becareful the next time you set your foot in Sydney, don’ t tell nobody warned you cheats and evil hearted scumbags.The authorities are waiting for you scammer
More news for you doubters:
The waffle updates are getting tiresome. President Duterte… really?
Pending actual news on FX United’s collapse I think I’m going to start marking the waffle as spam.
This Moorthy guy sounds full of shit, same as any other Ponzi admin.
S’matter Oz cant accept things the way it is?
of course there will be some good news.. fxu is using this make up,to good to be true news as the bait for attracting new investors to join the scheme.. so they can roll up all the newly invested money to pay all the pending bonusses.
and guess what? for sure all the foolish investors in fxu believe that fxu is trully running a legitimate business and claim that fxu is the best broker in the world.
the dirty game they play already can be read.. its all said and done by the previous scam.
these scumbags will never stop doing this shit. lying and robbing people’s money is in their blood!
tell me, of all the countries in the world, why the philippines? why cambodia? the poor countries with among the weakest in law enforcement especially in corruption and money laundering?
why not singapore? why not america? why most malaysians are involve with it while fxu is international broker as they claim?
the answer is easy, this scam was set up by malaysians to fool malaysians. and i hope mr adalakolikari can show us the pic of the historic meeting with the president later.. we would love to see it!
According to who, the scammers running FX United?
Spare a thought for the Ponzi naive.
A moment of silence for the dead. (brain dead)
For your information @adalakolikari
Security Exchange Commission advisory on 4/10/16.
sec.gov.ph/wp-content/uploads/2015/11/2016AdvisoryAshokfx.pdf
Ashokfx was listed in their website for unlawful forex business activities, the same modus operandi as FXU, deposit taking in the name of Forex and short change the investors and refuse to release their withdrawals…
Forex is a new kind of bullshit/scam operating in Philippines therefore the authorities maybe taking some time to understand the mechanism of this fraud to bust them…. FXU,next???? we shall wait and see the drama….
FXU think they can meet the President and get the clearance… dream on guys… if you guys don’t settle the Malaysian investors withdrawal issues,you are good as dead, no amount of justification or procurement of valid license can change the fact that, FXU is a scam and responsible for screwing thousands of investors.
You filthy rogues..THE END IS NEAR????? you @adalakolikari decide and spin it as you wish…
@adalakolikari,
We also pity and understand your predicament and confusion because one of the hardest thing to do in life, is letting go of what you thought was real..
to all FXU apologist..
Can you please let these poor 3 guys who are in Dato Raja’s group know where is these fella missing… you think we are lying, please visit Powerteam facebook before it is deleted by the administrator.
To verify the authenticity of the complain, please refer to the scammer for their ID, I am sure he has their ID…or ask Nora for assistance
There are indeed thousand of members who are screwed and still waiting in vain for their money…. and you got the cheek to say that everything is fine and dandy in FXU.
FMA claims that UGHL have been never been registered, REGULATED or not in the process of licensing them.
Then how could the IB say that they requested to remove CGATE and WINST to continue the license where it is not even registered or regulated.
This is good enough to understand they’re scamming people Creating confident to innocent people to recruit more people.
why fxunited website always down? managed by monkeys?
oct 26 2016.. 2pm Malaysia time
Web Screenshot: postimg.org/image/xf0f33gdx/
thats what im saying.. those fantasies being created so all the foolish/innocent/greedy fxu agents still hold on to them and continuously hunting for depositors.
i dunno what to say anymore.there are 2 idiot sides in this situation.the head/mastermind of this shit and the people who fall for this shit.
i cant believe the agents still buying the lies and still eager to recruit more people despite the pending of payments.
why dont they just keep pushing the MIBs, IBs or miniIBs to pay their money first before continuosly recruit more victims. stop recruiting! and see what happen. its the only way to prove that fxu is a money rolling scam..
Received this from a friend who wrote to FMA to clarify Dr.Moorthy’s bullshit..
@adalakolikari …another lie…LOL
DEAR INVESTORS AND VICTIMS, PLEASE TAKE NOTE OF THIS..FXU HAVE NEVER BEEN REGISTERED WITH FMA …So CGAT and Winst is not the problem….the priblem lies in the company and its sham opetation.
FMA REPLY:
Yeah.. that’s true.. even I personally mailed and received something similar reply from FMA..
I have mailed to FSPR and waiting for the reply.. IB Fuckers are just good with their cock story..
People easily believe datos and that is why many conman buy these to fool innocent people.
Most trusted Dato Raja but now he has gone down under to enjoy his ill gotten gains leaving many families destroyed and shattered.
Shah and others tried their best to help and credit to them for saving some potential investors. If any of you got your principal back pls post here to help others also pursue similar action if possible.
For some peculiar reasons, many scammers in Malaysia manage to escape from the law but FMA, FSPR was quick to take action.
We believe it has emboldened and gave them courage and confidence to destroy peoples life. But this time around it may be a different scenario, they think they escape to Australia, BAD MOVE, YOU BAST@#$D.
Remember this, you have conned some Australians and they are pissed off with you guys. One of the Australian victim has already started an online crusade against Dato Raja, including initiating action in the U.S and U.K.
So, Dato Raja, he may escape the Malaysian law but he is definitely going to get fu##×@d big time in Australia if he is caught in their territory. So, wrong place to escape and a total miscalculation.
We shall wait for David Ong’s (Australian victim) further action and watch which penitentiary this asshole and his associates are going to end up.
Happy deepavali to IB dato raja…
Now these FXU scumbags and bastards have started closing their tweeter, instagram, facebook and all other social media accounts….showing the following notice:
The facebook comments from the victims are conveniently deleted by this scammers.
Malaysia Master Introducing Broker (Master Scammers), please come out and announce why it has been 6 months since you bastards stopped paying the investors.
You filthty pigs, you cannot hide forever, the judgement date is nearing…so patiently wait for the day…THERE IS NO ESCAPE THIS TIME….YOU BASTARDS..
They keep replying with apology thinking that would work.
I’ve sent final warning email as below, lets see what they reply;
To all victims of this scam,
Heard that some groups (FXU victims) are gathering on 5th November 2016 at 8pm at PGRM Cempaka for FXU GRAND BOP organised by FXU, to seek for answers and to demand their money during the BOP session.
This event is also to celebrate their 3rd anniversary.
I heard FXU victims from all over Malaysia will be turning up to this event to demand their money..LET’S WATCH THE DRAMA.
for more info on the BOP time and venue please refer to this link:
facebook.com/ZCTIBFXUNITED/
So, for all those who have been screwed by your IB’s, you may have a chance to meet them and your MIB’s in the event, so please demand your hard earned money.Go and meet them face to face and get back your money.
ALL THE BEST
To all FXU members who are trying hard and practically begging to get help from other IB’s/groups and even MIB’s, don’t waste your time….they will never help you to liquidate your e-wallet, they are too selfish to help anyone except for themselves….There is no honour among FXU thieves’.
This is an observation of behaviour among thieves, There is always no honour among thieves.As such, please stop relying on their lies and deceptions.These so called leaders are masters of deception.
TO CLAIM WHAT IS RIGHTFULLY OURS AND OUR FAMILIES/CHILDREN & OUR FUTURE….LET US ALL GET TOGETHER AT:
Menara Pgrm, 8, Jalan Pudu Hulu, Taman Pertama, 55300 Batu 9 Cheras, Wilayah Persekutuan Kuala Lumpur, Malaysia – 8pm.
Let us all get together and demand our money back. It is our hard earned money and we want it back.let them see us face to face and tell us the truth and not some stories made for juveniles.
THESE ARE OUR DEMANDS ON THAT DAY:
1) Let us give them a specific date to return our money.
2) No more listening to their bullshit, it has been very long since we have been listening to their lies.THIS TIME WE TALK AND THEY LISTEN
3) This time we have to determine and give them an ULTIMATUM and a DATELINE to settle the outstanding, failing which, all those affected must….
4) Form a group and proceed with LEGAL ACTION to recover our money.
“WHERE THERE IS UNITY …THERE IS ALWAYS VICTORY”
Therefore unity is strength and when there is teamwork and collaboration wonderful things can be achieved.
ALL THE BEST….
Attention:
All victims of this scam… especially FX United power Team Sdn Bhd:
The bastard has ended the game at the right time, convenient to him and at the right timing so that he can escape smoothly from the crumbling pyramid.
For those who were too comfortable and too egoistic to listen to good advice, we are sorry buddies…All we can say is, ALL THE BEST
FX UNITED POWER TEAM INTERNATIONAL SDN BHD WEBSITE IS OFFICIALLY CLOSED, WITH THE FOLLOWING MESSAGE:
PLEASE CLICK THIS LINK FOR CONFIRMATION.
fxunitedpowerinternational.com
404 Error – Page Not Found
Please check the URL.
Facebook is also closed….. facebook.com/FXUnitedPower/
WE TOLD YOU SO…..THE END IS CONFIRMED NOW…. ANYWAY YOU GUYS DON’T HAVE TO WORRY MUCH.. .YOU KNOW WHERE TO FIND THESE SCAMMERS RIGHT… SO GO MAN… GO ALL OUT TO GET THEM..
This is an extract from a another FXU review site/grievances from Singapore victim’s:
Our conclusion…
Let us see the drama and watch how many bastards are going behind bars….
To all Singapore IB’s, mini IB’ and whatever you call yourselves, please surrender and do a “Swamipillai” on these Malaysian scammers (the masterminds) to escape heavy penalty from the government. Go now and be a state witness… BURY THIS SCAM NOW…
Shah..Do you know what is difference between web fxunitedpowerinternational.com and fxunited.com? it is under same company? I saw web fxunited.com is still active?
I get a feeling Shah here does not understand how a Ponzi scheme works lol…Once your money is gone its gone period.
Will you refund these investors Shah? no? thats what I thought. False hopes again by Shah.
@The Good Samaritan
Yeah…you are right, I am ignorant and don’t know anything about Ponzi schemes..
Thank you for enlightening me.. buddy.
On a different note…. LET US GET TOGETHER THIS SATURDAY AND REDEEM WHAT IS RIGHTFULLY OURS…
ALL THE BEST..
@Fxwatch
So you want to know the difference between fxunited.com and fxunitedinternationalpowerteam.com??
Any takers…any person here, who can answer this question??
The Good Samaritan,
Can you please enlighten us what is the difference, buddy??
We don’t wish to dwell in something we don’t know, especially matters related to Ponzi, therefore it would be great if you could open our eyes by explaining the difference between these 2 entities…
Thank you
Lol..Well Shah please enlighten us all instead how will investors get their money back since its gone considering FX United is a ponzi scheme?
I believe the best person to enlighten us all whether one can get his money back from a Ponzi that has collapsed would be Oz.
Furthur updates from FX United’s management team:
Wow..Excellent Corporate Announcement..
We have never read such an excellent and professionally written corporate news..
Thanks for the updates.. buddy.
Jean Marc?????? Management Team??? Oaky.. nice try… keep up your good work.. adalakolikari
@adalakolikari, tq again for the updates….
(Ozedit: Offtopic)
the above statements is clearly refer to the leaders they created and moulded into headhunting masterminds who is now actively hunting for investors for one and ONE purpose only.. which is collecting people’s hard earn money to pay the older investors.
this is their true meaning of making the money grow. nothing involving the forex trading. they are just hiding behind the name of forex.
this announcement is the most hillarious one from the so called corporate and the best broker in the world.again, buying time is what they do right now.
Now, please guys, think! forget Shah’s complicated mind, whatever his says mean, the only thing that matter is FxUnited is clearly a ponzi. no facts will deny that.
the only way to stop them is to stop the support for them. educate people not to join this scheme, not to put their money in this shit.
believe me,once we do this together, this scheme will collapse by itself. without people’s money, they’ll be dead like any other previous ponzi.
maybe we cant save everyone who already involved, but we have to save people from being their next victim. thats the least we could do as the society..
When a Ponzi scheme collapses you get your money back via
1. a chargeback if your method of investment permits
2. regulatory intervention (let’s face it, not happening in Malaysia) or
3. hounding the scammer who recruited you for a refund
I believe Shah is advocating for option 3.
@adalakolikari
Whatever 3rd world country and scammy shell company these guys are using doesn’t matter.
FX United has run out of new funds to pay off existing investors and has collapsed. A reboot won’t change that.
I am also a investor in FX United since April 2016 and all payments stopped starting Aug 2016. I knew FXU was a scam when i went in but i didnt expect it to collapse so fast.
Anyway despite repeated emails to FX United Support and various Mini IB’s all we have got are rubbish excuses. So im all for maximum action against FX United and all their IB’s who until today are still spreading lies to their downlines.
My intentions are:
1) To regain my investments and also the investments of those under me
2) To prevent more people from signing up and investing in FX United
I have gone on a crusade on all FX United related Facebook pages and ive been banned from each one of them.
Either way FX United must not be allowed to escape or cheat more ppl.
Thank you Oz..
@Paul,
Are you Adrian Paul.. who was attacking ZCT, Raja and the rest of the scammers.
Yes.
Wow.. heard that bus loads of FXU victims from all around Malaysia are going for tonites event at PGRM Cheras… even some Singaporeans are coming over to DEMAND WHAT IS RIGHTFULLY THEIRS…
Cheers and ALL THE BEST
NO HOPE IS FALSE HOPE…WE MAY NEVER KNOW WHAT THIS PROTEST MAY BRING…
My wife is one of the victims and is not inform of such gathering by her up-line.
I apprecate you can feed me infor transpired during the gathering if you have any on how to go about to claim back the money invested. My wife upline had seemed disappear.
Shah..as informed…today PGRM cheras class just for promote new scheme..NO Q&A session..you cant ask question..got money…just give to them..u cant question them…any late payment..1) blame bloggers 2) blame BNM 3) blame system or server
I was hoping against hope that something concrete would emerge with today’s meeting at PGRM but if what Shah says is true, it’s another futile attempt to seek justice!
Anyway, it’s an excellent idea for a big crowd to gather there. Let FXTrader initiators know how the poor investors feel.
I went in at the beginning of July and have not received a sen! USD 10k burnt!
My advice to potential Singapore new investors:
1) Do not join FxUnited even if it is your close friends, relatives or colleagues who highly recommend it to you.
2) Do not be hoodwinked by your friends,relatives or colleagues who suddenly flash their new found wealth, flash SGD bank notes of $1000 etc to show that this is easy money.
3) Do not be influenced by celebrities or influential people who also joined, support, promote or endorse FxUnited product.These people are highly paid to endorse FxUnited
(Ozedit: Stuff that’s been mentioned prior removed)
9) Many investors are facing long delays of withdrawal of their profits into Perfect Money. Some have waited more than 2 months and still counting.The status of their withdrawal are still pending.
10) Investors who chose to withdraw their entire capital are also facing long delays, in some instances 3 months or more.
11) FxUnited constantly come out with lame excuses insulting the intelligence of the investors. Examples of lame excuse given are:
a)server down
b) system upgrading forever which can take up to 6 months (what the fuck???)
c) teething problems to new system
d) wrong calculations input (what the fuck??)
e) high volume of clients requesting withdrawals
f) bottleneck created by overwhelming request
g) upgrading of hardware
h) software updates
i) blah blah blah blah blah blah blah blah blah
12) They are especially hungry for new investors who are retired, middle income earners, lower educated (although those who are highly educated are also scammed).
13) be prepared to be burnt a lose your hard earned monies and savings.
Any positive news / updates pls in this depressed environment – did the key people turn up to give us any assurance of a refund as I am stuck with my investment and am outstation at the moment.
I have fellow investors who have poured all their savings and retirement funds in CGAT.
Other than Malaysians, Singaporean investors are facing ridiculously long delays. And the IBs are saying that they need up to 6 months to approve either capital or profit withdrawals because they are still in the midst of new CGAT system upgrades and integrating the new system with existing system.
Previously they said it was 60 days to 90 days! They keep on extending the withdrawal timeline. These reasons are obviously bullshit. Let me explain why below:
They are able to make monthly 1% maintenance deductions right on time and the exact amount and this is reflected in the wallet transaction sheet. Migrating existing any IT based client data should not take more than 7 days in the IT industry.
In fact the industry norm is only 3 to 5 business days. FxUnited is also trying to disguise the delays of crediting the monies into the wallet by backdating the monies into the wallet, for example if the profit is supposed to be credited on 1st October but instead actually credited/reflected on 29th October, the records will be backdated to 1st October!
And the CGAT system never fail to send “Daily Confirmation” e-mails to their clients on their CGAT transactions!
All the above delay and tactics are attempts to create a façade of a professional and legitimate business, however by these very tactics and their excuses of withdrawal delays of up to 6 months are in conflict and contradictory.
The crooks in FxUnited are obviously buying more time to lure more investors into this nefarious scheme to pay off the older investors. They are doing it in Malaysia, Singapore. They are using a famous comedian in Malaysia to endorse them and sponsoring the Lamborghini race team to create an impression of a successful business.
Soon it will be Philippines and Indonesia. This Ponzi scheme will sooner or later be reported in the mainstream media in Malaysia and Singapore, just like Geneva Gold, Sunshine Empire etc. Their days are numbered and it will implode leaving many investors burnt!
seems like nothing has impacted the KL Grand BOP as per what was predicted…….. so what’s next?
they are going to keep moving forward? and we are just going to keep on writing on this blog whatever we want? who is going to action and when?
All victims,
First of all, I’m going to be blunt that all of you deserves what happening now. Most of you knows very well this is a Ponzi scheme from the very beginning, and YOU made them big and glamourous by joining and promoting them further. (unless you are uncle auntie who got cheated).
Having laid that out, what you people need to do is going big with a group of victims to start the ball rolling. Make protest to create news for mainstream media because no one is out there to help you.
Dont depend solely on police and BNM, by the time they take action, it’s going to be too late. If you are afraid or shy to protest, then just sit and wait the scammer spending your money.
My point is, DO WHATEVER IT TAKES TO BE HEARD. Dont wait till like Genneva blowup, which btw I found out this Aliff Chang guy was in Genneva before too.
Not sure what all the fuss is about. I withdrew my profits and it was in my bank account in less than 72 hours.
Sydneysider if you can proof us your withdrawal will be great!
Will be great to see the withdrawal.
Sydneysider
can you provide us some proof
@Sydneysider
Good for you..
Malaysiansider… Singaporeansider are all screwed.. WAIT FOR YOUR TURN, BUDDY.
Go and ask the big shot Australian lawyer who was championing this scam and now totally off the radar… guess he finally came to his senses…
The scammers who brought this scam to Australia are practically missing and all their social media accounts are either deleted or made private… WHY???
Looks like you guys have taken their bait like many other victims before you.. anyway congratulations on your successful withdrawal and wish you all the best in all your future withdrawals…
i guess we should start with KLFXU MIB.. anyone knows this Dato Ameer and Dato Zulfaisal? who is this guy? what business that he is actually doing instead of fxu?
@shah, any info on that bro? really interested to know…
Me, too. We’re able to withdraw our CGAT earnings (via Withdrawal to IB option), in a matter of 1-2 days. What and where is the problem? Malaysian and Singaporean accounts only?
Sounds like selective payments.
Pay a few in countries without huge ROI liabilities to keep the scam running that much longer.
Shah, have you been scammed?
FX United is a Ponzi scheme, everyone who invests is participating in a scam. Whether Shah has or hasn’t lost money in the scam is irrelevant.
But there’s no hard evidence that it’s a scam. Some valid points have been made in previous posts, but the returns are coming in… and withdrawals have been made.
If Shah, and his followers, don’t have the courage to invest, well… they’re missing out on easy money.
The compensation plan pays out a ROI, and the only verifiable source of revenue entering FX United is affiliate investment. That’s hard evidence enough to certify Ponzi fraud.
You might not give a shit about the people you are stealing money from, but that doesn’t make FX United any less of a scam.
How about the fact they have been DEregistered as a financial service provider by New Zealand?
The type of “hard evidence” you’re seeking won’t be available unless and until a complaint is filed and / or this makes it into court.
Until then, all we will have is clues, unless the schemers are very, very careless and let something slip.
If you’re so convinced FX is legit, why don’t you put your money where your mouth is, double your investment and recommend all your friends and family join ??
I find it strange the Australian government hasn’t investigated fully and shut down this ‘scam’ – oh wait, maybe it’s not a scam after all.
Why would the Australian government shut down a Malaysian scam that only recently started targeting Australians and not in any great number?
Make no mistake, Ponzi schemes are scams. You’re not fooling anyone.
And I have put my money where my mouth (or writing) is, and invested… and I have recommended to my family and friends. I want them to make money as well. I don’t want them to missmiss out just like all the sceptics.
There is no proof this is a Ponzi scheme… and until there is, well… it’s not a scam.
Where are all the cases of people getting scammed by FX United? Have people come forward who’ve lost money with FX United?
Please come forward, I’d like to hear about their experience.
So, it’s not a scam until after people have lost their money ???
Good luck with that as your investment philosophy. Couldn’t happen to a nicer loudmouth.
you are making money off this scam, so you’re naturally going to make all the regular scammer excuses – it hasn’t been shut down, where are the complaints, it’s paying out etc etc ad nauseum.
please don’t make excuses when this scam crashes and your friends and family lose money to you. make sure you pay them back what they invested on your say so.
FX united is a scam due to it’s business model and you’ve been warned publicly, so don’t run around making excuses to your family later.
Using newly invested funds to pay off existing investors is a Ponzi scheme.
Funny that you ask for proof FX United is a Ponzi scheme, which is obvious as per the company’s business model. Shouldn’t you be asking for proof about your ROIs having anything to do with forex?
Oh right… don’t ask, don’t tell. Best of luck with the scamming.
A Ponzi scheme is a scam in and of itself. When it inevitably collapses, which FX United by all accounts has in most of Asia, anyone who didn’t steal enough from subsequent investors has been scammed.
Mathematically this is guaranteed to be the majority of Ponzi scheme investors.
@Sydneysider
So, you want proof…okay let us give you one proof..
The same team (you know who they are, the 2 slime balls who frequently visits Burwood, at the moment only one slimy is active as the other scumbag has gone missing) which introduced you to this scam have closed their website.
Why???? Simply because they are scammers and they have fled, leaving behind many shattered lives with debts and pain.
On a different note, SEC Philippines made an announcement with regards to Forex trading on 20th October 2016 and you know what prompted SEC to make this announcement???…even though company names are not revealed, this announcement is prompted by by????? You guess,why and which company prompted such an action, guess buddies.
Do you want to know how we know??? The answer is,we simply know.
SEC Philippines announcement link:
sec.gov.ph/wp-content/uploads/2016/11/SEC-ADVISORY-forex.pdf
Looks like Philippines licensing is also f@#$ed and maybe you, Sydneysider can assist these scumbags to get a license in Australia.
I dont get it man, how you guys are fooled by this slimy small fry and a big time con artist who carries a title
Period
Sydneysider, I bet you will be like the other investor who defended this “legitimate” investment until shit happens. Mark my word.
@Sydneysider, we refer to the above statement from you.
We want to assure you that you won’t find it strange anymore because, we just wrote to ASIC to get some clarification.. and we will know soon whether this is a scam or not.
For your information, we also know who are the active FXU members and recruiters in Australia,so we just want the authorities to just do a quick check with you people. So we decided to give out some clues and meet up details to them..so that they can verify whether this is a scam or not.
Refer to the below for our submission and confirmation message from Australian Securities & Investments Commission..
This document has been submitted, and can not be viewed or changed through this menu.
We shall wait and see.
Why is that strange ???
1) It’s a Australian government department. If you really are a Sydneysider, you know Australian government departments don’t do “fast”
2) It’s an overseas based scheme, with very little presence in Australia
When ASIC comes back and says they don’t believe it’s a scam, how will you react?
The proof is in the statements that show the trades. No Ponzi scheme here.
Do you guys actually know who this system works? Have you even bothered to find out?
But where is the proof that people have lost their money?
Showing some random trades != accounting for every dollar of every ROI paid out.
Furthermore forex does not pay the ROIs that FX United advertised on a consistent basis. If it did, FX United wouldn’t need to solicit investment from affiliates.
You probably should read all the comments posted. We’ve had more than a few from FX United affiliates in Asia detailing withdrawal problems.
Regulators don’t comment on investigations or approve companies. Your ignorance in such matters is telling.
@shah, the philippine SEC announcement is not because of fxunited. It’s because of another trading operator/broker/fund manager (called Ashko trading) that trades on behalf of the clients and lost money in forex and consequently could not pay back their client’s money. So the public is warned of this.
Please get your facts straight on this one. It does not help if half-truths are propagated.
The NZ FMA warning list is very comprehensive. Many companies/individuals are listed here:
fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/
FXunited was also investigated by FMA and was only warned for false claims of endorsement. No mention of Ponzi or Pyramid scams.
I would like to confess something.. I join fxUNITED since 2014.. everything was ok until this few months until withdrawals start to become a big issue.
My once mentor Ameer (mib), elfi miqdad (ib) and (mini ib) top 3 (millionaire top sales 2016) force us all agents and investor to make new sales so that they can pay the old and new investor since they dont have any money, NO new investor to join in (so that what they say).
I know this people close, i thought once they are my friends, my team and now after all has happen, only ALLAH knows what in my heart right now. They treat us like beggers after what the team been through.
What has happen its true.. 1. ponzi scheme 2. illegal deposit taking.. etc.
Things already in motion (accident has happen). Forget about getting the capital back.. withdrawal through PM and etc..
The malaysian police told me that they need at least 10 police report regarding MIB, IB, MINI IB that dont pay withdrawals, capital return to customer.
The police need MIB, IB, MINI IB names and spouse name, bank accounts, hp no, residential address.. etc. The police and BNM has a file regarding them.!!! YES.
All police and BNM need is the 10 police report from investor MIB, IB, MINI IB that don pay. THATs IT!
Sorry i cannot exposed my real name etc.. And sorry to all my team MIB, IB, MINI IB.
If 10 police report has made by the investor, the police will make an announcement in TV and the press will Follow.
All the best.
Wrong again. Of course the outcomes of ASIC investigations are publicly available. You might want to do your research a little better before making such ignorant comments.
Withdrawal problems doesn’t equal people have been scammed. Where are all the people that say they’ve totally lost their money?
@jazzy
SEC Philippines made a dedicated announcement related to Ashokfx on 7/10/16.
Why the need to make another general announcement with regards to forex? Think my friend, what prompted them, there is no smoke without fire…
Anyway, where was it mentioned that it is due to your scam company, I bet you guessed right!!! Don’t blame us for your perception and guess.
You may not know what is happening at the back bro, while you guys are busy scamming people, there are groups which are busy seeking for justice and one of the agencies they are seeking help is SEC, Philippines. Now, go and do your math, buddy.
@Sydneysider
This would be the part you provide evidence that FX United is under ASIC investigation.
Good luck with that, seeing as regulators don’t comment on open investigations or approve companies.
They do in Ponzi schemes such as FX United. The second a Ponzi scheme has withdrawal problems it’s over.
Read the comments. I’m not going to tell you again.
The latest FX United investor sharing their experience with FX United is #440. There are plenty more.
@Syndeysider
You obviously haven’t read this review, nonetheless comments posted.
If you’re not going to address anything, nor provide proof of a ASIC investigation we’re done here.
@Sydneysider,
Just received a response from ASIC, refer to the below reply..
WE SHALL WAIT FOR THE OUTCOME..MEANTIME WILL UPDATE ANY RESPONSE FROM ASIC..
i can smell something fishy with this @sydneysider .. all his statements and arguements look very familiar to me.. is this our dearest mr @adalakolikari trying to be someone else to show that there are still many investors stay loyal to fxu and believe that fxu is legitimate entity..
if so, plz know one thing bro, truth are always bitter to swallow, but no facts and figure will hide the truth forever.. truth will always win!!!
It really doesn’t matter who he / she is.
None of his / points are valid, and he / she is refusing to answer any of the hard questions or explain the anomalies in the compensation plan
@truthseeker,
It’s okay, at least Sydneysider’s cocky responses encouraged us to write to ASIC to seek some clarification.
@AMELIFF
Can’t you get 10 victims of this scam to lodge a police report?
I’m in for the report and I can get 10 ppl.. f#$k u ibs
@Sydneysider,
To answer your question whether we were scammed, obviously, A YES.
Then, why do you think we took busting this scam as our “little project”, so that we can f@#K you all and ensure every one of you go behind bars… to pay your dues.
Good work on your project Shah to get the bastards behind the ponzi scheme – hope the ultimately get arrested and put behind bars.
Only hope it benefited the alert investors to jump off the band wagon early and get their refunds. For some it was too late as withdrawals were stuck for long periods.
I am sure the Sydneysider and Adalakolikari are either MIBs,IBs or MINI IBs trying to get the ponzi scheme afloat by spinning the usual stories. A lesson to all of us where greed leads to losses.
Sydneysider. Such smug little posts.
1. The NZ Company that has been used fraudulently as a front, and that investors have in good faith believed they are contracting through has been struck off. (But soon to be revived which will be a first step in breaking open the pandora’s box of bullshit.
2. Australian participants were provided with fake invoices to transfer their funds via a group known for money laundering (Global Transaction Services – Danel Andrew Barrs Senior and Junior)
3.The last Director and Shareholder of UGHL is Priscila Lustre (AKA Priscila Talyor AKA the widower of the infamous Professor Geoffrey Taylor). If you don’t know who that is read this article.
smh.com.au/national/inside-the-shell-drugs-arms-and-tax-scams-20110514-1enkz.html
4. CGAT – It doesn’t exist. It can’t exist. There are no liquidity providers. The much touted prior relationship with LMAX is absolute bullshit. You can checkout LMAX financials at Companies House in the UK. Here is a link to all their filings.
beta.companieshouse.gov.uk/company/06505809/filing-history
What you notice is there is no ‘hole’ in their balance sheet. Which there would have been if CGAT actually did what it states it does. As proudly stated the broker always wins – but someone has to pay for the ‘broker fee’ and the numbers that FXUnited are claiming would be ripping massive holes in someone else’s balance sheet.
There are 4 insurmountable reason’s why this is bullshit. If you have been paid as you claim, then thats just reason number 5. That’s stolen and laundered money, and its trackable dimwit.
ASIC:
Good to see that the ball is rolling on ASIC. That means one side of the net is closing.
Money Laundering:
But the washing of cash via Czech Republic s in breach of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
The best thing is your friends in the shadows weren’t so smart they were using a money services group that is not only known for Money Laundering and fraud (the proponents of the Money Service group used are already doing consecutive sentences in the Big House in the UK and in June received an indictment by a US Grand Jury).
This is a massive fucking hammer.
So be smug my little friend. If you are on Australian soil as you say you are. You will soon be known.
@My2sen
They were too arrogant to listen and it is still happening now, even though they are all f@#$%%D big time they are still buying the scammers stories and waiting in vain….this attitude really annoys us…
Better act now before more scammers escape to other countries..
I guess people who were slow to act were those who have never experienced a scam before so hopefully albeit painfully they have learnt a lesson.
Those that were arrogant I don’t know what to say!!! Maybe because the scammers had planted people in this forum to say everything was fine and all are getting paid promptly and system upgrade and change in modus operandi on payments lulled them to complacency.
The fallout and consequences from this scam is yet to blow out and it will be big news when shit finally hits all the fans!!!!
@Aji
Have you made the 10 police reports??
Be the catalyst for change, so your good deeds will encourage more people to come out in the open and take action against these immoral and wicked SOB’s
i join fxu on 11/15. since may2016 i already unable withdraw direct broker until today. my ib gone !! and i dont know what to do until i saw this blog.
anyone here can advice what can we do? i only know my ib name show at system name: ONG SWEE ANG.
Here are some details that may help with your police report filings.
FXUNITED POWER SDN BHD
COMPANY #: 1146795-M
ADDRESS: 43-M, JALAN THAMBYPILLAI, OFF JALAN TUN SAMBANTHAN, KL
BUSINESS: FINANCIAL CONSULTANCY SERVICES
– DIRECTORS:
– PANDEYAN A/L MARUTHAMUTHU (Director)
– APPOINTED: 2 JUN 2015
– ID: 610108-08-6335
– 41, JALAN SERI JALIL SERI JALIL BANDAR BUKIT JALIL 57000 KUALA LUMPUR WILAYAH PERSEKUTUAN
– GOUVRI A/P C. PANKUNY (Director)
– APPOINTED: 22 OCT 2015
– ID: 621005-04-5964
– 41, JALAN SERI JALIL SERI JALIL BANDAR BUKIT JALIL 57000 KUALA LUMPA WILAYAH PERSEKUTUAN
– VIGNESWARY A/P SANGAREN (Secretary)
– APPOINTED: 5 JAN 2016
– ID: 641019-02-5540
– NO. 6 JALAN HIJAU ALAM U9/14G 41050 SHAH ALAM SELANGOR
– SHAREHOLDERS:
– 190,000 (95%) PANDEYAN A/L MARUTHAMUTHU (ID: 610108-08-6335)
– 10,000 ( 5%) VIKRAMAN A/L C. PANKUNY (ID: 591016-04-5949)
– —————–
– 200,000 (100%)
– ——————
@jakal intel
Excellent information, we shall willmdo the necessary…tq Buddy
Any info on the their offspring..the mini ib..who is supposedly studying in a Malaysian college..will be great if if we can get them…LOCK STOCK AND BARREL..
Will get our Malaysian counterpart to do the work…
Wow…the plot is getting interesting…one more thing..heard that the master SCAMMERS(IB’S) have formed a co called Agetech….this is the link: agetechbeauty.com
I’m the IB for FX United Action team.
FX United CGAT is not a scam despite what bloggers has been posted here over and over again. For your information, Dato’ Ameer and I have been called up for questioning by Bukit Aman officers.
PDRM knows about FX United and they themselves told us that they find nothing wrong with FX United except for deposit taking. We have agreed to stop deposit taking but the business will go as usual. New members will have to deposit through Bitcoin or Perfect Money
As soon as we re-register in another country, we will be able to solve all withdrawal problems and continue generating income for all FX United members.
Stop wasting time and effort lodging police reports.
Pandeyan… Gauvry.. Vigneswary… Vikraman, Vikneswary and the MIB”s… Ameer and Zulfaizal and the rest of the IB’s and mini IB’s… the END IS NEAR.. WATCH OUT BUDDIES!!!!
I see that in October who ever has control of agetechbeauty.com decided to add privacy. Immediately prior to that the domain was registered as follows.
Please note: No inference is being made regarding the disclosed details. They have been sourced from ‘historic’ publicly available information. The domain may have been acquired and taken private…
@Dr
How does registered in any country give you new funds to pay off existing investors?
FX United is a Ponzi scheme and you are a Ponzi scammer.
And some info on junior IB Peter Tan.
Dr Moorthy..I think you just called yourself out.
1. Nothing wrong except deposit taking.
2. Register in another country.
3. Solve withdrawl problems.
4. Making money for all FX United Members
1. Money Services – Providing illegal money services is a criminal offense in Malaysia, it also crosses over with money laundering.
2. Registering in another country? Do you know so little about how companies operate? If you execute a contract in one company, have obligations with that company. It remains with that company and only that company unless you enter into a raft of agreements between the various parties to assign/transfer to another. You are an idiot.
3. Withdrawl Problems – You have just admitted, that you cannot pay back the money you owe without first taking in more money, and it has to be from another jurisdiction that you haven’t yet tripped up in legal issues. I think you have just admitted to running a ponzi scheme.
4. FX United Members – You might call them members but they are actually creditors that haven’t be repaid their investment.
5. Creditors Rights – creditors have rights, and if the proponents of the scheme deceived investors by using a fake front company that never actually transacted with that company (i.e. such as a NZ shell company that remained dormant until it was struck off) means those creditors have a right of action directly at the individuals of those schemes. As there is no corporate veil to pierce (look it up Dr. M if you don’t know what that means).
The beautiful thing about what you have done is that it bypasses all those problematic issues of appointing administrators/liquidators to a company, chasing down assets, reversing transactions, calling creditors meetings, members meetings, reporting etc.
Because its fraud before its a scheme. Rather than having to bankrupt a company and divide the assets up, they just bankrupt you personally and divide your assets up.
Best get yourself a lawyer and begin to face reality. Rebooting again in another jurisdiction. Just adds another nail to the coffin.
Dr Moorthi
The noose is tightening, the Sword of Damocles are hanging over the heads of the chief conspirators of this mega ponzi scheme that has affected thousands of investors in Malaysia and Singapore.
If the company is financially sound, you don’t need even a week to disburse the monthly dividends on time. Six months or more of waiting is unbelievable. Waiting more than a week for withdrawal already raises red flags. Don’t bullshit with whatever excuses upon excuses. We are not stupid you idiot.
It’s not a question of if, but rather when FxUnited will implode just like Genneva Gold scam and Sunshine Empire ponzi. Many investors are already planning to lodge police reports and inform the mainstream media.Investors are not wasting time lodging police reports, the ones who should be afraid is your gang of scammers.
I challenge you to go to mainstream media to make a press conference in Singapore and Malaysia to announce everything is above board and legitimate.
You don’t have the balls to do it and prefer to hide behind the anonymity of the Interne with your gang of Internet Brigade and trolls to provide a positive spin to FxUnited.
You can run but you cannot hide.
@Dr Moorthy,
Before giving any ridiculous and laughable explanation, please get ready to face some serious consequences, there are already international efforts to bring you and the rest of the abettors to book.
Do you know why nobody turned up for the preview in THK building in Singapore?? You guessed it right,the Singaporeans are mad at you fellows and they are already talking to law enforcement agencies and they informed MAS about this gathering.
The Singaporean agencies are well informed about the preview locations and most importantly, the identity of main co-conspirators in Singapore.
Our advise to the Singaporeans who are working hand in glove with the Malaysian counterpart to repent and do a “Swamipillai” before the Singaporean government do a “Yeo Jiawei” on you fellas.
Australian, David Ong a victim of Dato Raja@ Pandeyan Maruthamuthu has already lodged a report to FBI and working towards getting the Philippines,Australian and Malaysian law agencies to act.
Australia, ASIC has started their investigation and we will know very soon about the outcome of the investigation.
SEC, Philippines is already watching you guys.
Malaysian, waiting to implode and refer to the below, we wrote this and predicted the following on 3rd March 2016:
Dear, Dr. Moorthy, please stop justifying something which is obviously not right and reasonable.
Lastly, just to let you know, it is not a waste of time and effort to lodge police reports against this scam because “”Punishment is justice for the unjust”.
Finally, can you look into this poor guys grievances, he has been practically begging you to help him but YOU CHOSE TO IGNORE HIS PLIGHT…refer to the below to refresh your memory, (it is in you facebook)
Dr, if you have not settled this poor fellas plight, please stay away from this forum and stop your baloney, instead try to find a way to pay your members who are now suffering financially and some may even end up in the streets.
Anyway, why are you people, the (IB’s and Mini IB’s) making announcement on behalf of FX United, UGHL (now defunct) New Zealand.
Why no response from the bosses, Master Introducing Brokers, Dato Ameer, Dato Zulfaizal and FXUnited Marketing Director Jean Marc. Where have they gone?? Missing???
Just to share some article we came across from a facebook created by some disgruntled FX United investors
link:
facebook.com/Sakit-Hati-dgn-FXU-MY-130148564115757/?ref=page_internal
Dear Dato Ameer,
Based on the above statement from you, can you please let us know who is the broker, the stakeholders, the compliance officers, independent accounts,management and the audit reports. Who is the broker????? Your credentials as a forex broker???
Please answer Dato Ameer….if you are not the company man, than who are you???
Are you trying to wash your hands from your responsibilities and have you forgotten that you are the MIB, including Zulfaizal and you both are responsible and accountable for every single cents invested in this company.
Even, Dato Raja, the scammer who is in hiding now is your responsibility AND you are duty bound to compensate all those victims under him.
KAPISH.
@jakal intel
Can we have some information about this company, which belongs to Dato Raja for his victims further action
Thank you.
Shah, S’pore United & Jakal are spot on about Dr.Moorthy – he is an idiot and the biggest fraud to give us such stupid, ridiculous and a laughable explanation on how they plan to put the business right once they re-register in another country – hence he has confirmed their operations is a ponzi scheme.
Moorthy has presented himself as a multimillionaire just from the FXU business and a police report on him must be made to assist in the recovery of the investments – don’t let him fool us like Dato Raja.
Again I am not surprised that Dato Ameer and Dato Zul can’t read between the lines and are requesting their team to continue selling FXU products but with revised “CYA clauses” [Cover Your Arse] when they now know that is a fraudulent company & a ponzi scheme.
Have some conscience please and be brave to call the bluff that Raja & Moorthy are spinning to all you guys.
Police reports should also be lodged against Ameer & Zul – bring them all to justice – money is so hard these days and this scheme has made the situation worst for all concerned except the FXU millionaires here who are living on ill gotten gains.
Sad to tell you guys that fxunited is already in Thailand trying to scam the innocent people money.
A friend of mine trying so hard to make me invest with him. I know it’s a scam right away. It’s just too good to be true. How could the company be able to pay so much money to people like that?
I don’t know what to say to him. He totally believes in this company and would get angry every time I bring up this subject to him. Greed and greed only 🙁
no wonder of all the sudden,most fxu agents have going back to promo manual trading and trading classes. clearly the ponzi business model that they created a.k.a CGAT is totally scam.
hah.. lesson learnt many times before,but this time i guess the investors learn it big time as the money invested are millions in total, if not billions.
remember, all ponzi are the same, different names,same old shit. but this time i hope,justice can bring all these scamheads to trial and put them in jail.
give them a lesson as well. do not let them break free with all the money that have been stolen from people..
@Anshasa
Don’t worry, we will just send a hello note to the Thai police with regards to this scam.Please keep up your good job and educate more people about this rubbish called FX United.
They will get angry with you, you may lose many friends, it is okay..one day they will realize what you did was right and along the way you will save a lot of people from falling into the scam. People will thank you one day.
Cheers.
We know the same fraudsters are planning to expand in Philippines and now are the same con artists now operating in Thailand so that they can divert the funds here or focus on cheating the poor Filipinos and Thais?
Must alert President Duerte so that he can alert his hit squad on these crooks and also Thailand police to be aware thru FBI.
These fraudsters focus on places where enforcement is not that stringent and there are people who are economically vulnerable & less educated about Ponzi schemes.
The US appoints a billionaire to become President and we appoint leaders to become billionaires – so many IBs here get appointed to become millionaires / billionaires. Just get them locked up for cheating people and ruining innocent but greedy peoples lives.
This month we celebrate (Ozedit: This isn’t the place for marketing spam.)
Where were you mr shah, I’d followed your lead and went to pgrm… waiting for the big drama and all I witness was people like me too, waiting for you and left cause the lead that you organized (and so I thought- buses of victims from Malaysia and Singapore) and we left with disappointments…
There is 250,000 to 300,000 members all over Malaysia. Out of this huge number only 10 is going to lodge police reports. I expect at least 1000 people to lodge police reports under the leadership of Mr. Shah. Bring it on.
@Dr Moorthy
Thank you for the latest information, 250k to 300k members.. wow!!! that’s a big shit man..
this information will be very useful for us to disseminate to all relevant agencies and most importantly to the Malaysian police. This is indeed a very valuable information… tq Dr.Moorthy.
10 police reports should be enough to start an investigation.
unless of course you’ve been greasing some palms in malaysia.
Moorthy you are bloody arrogant bastard, with all the problems investors are having with withdrawals in Singapore and Malaysia you still have the cheek to spin lies & bull shit stories at various BOPs to suck new innocent people to this scam to keep the ponzi scheme afloat at the expense of the newcomers losing their hard earned money.
You should be helping these people to get their profits, bonus or capital back if you are genuine to restore CREDIBILITY.
Did you see what the picture profile states in the FB page – Sakit Hati dgn FXU MY put up by mostly the disgruntled Malay investors. If you have not please look it up on FB.
It reads:
This refers to your bull shitting as you don’t know shit about forex as your background is a MLM MASTER SCAMMER together with that Pundeyan @ Raja.
Both of you are unfortunately a big disgrace to the Indian community. Just wait and watch the backlash against people like you very soon.
After being questioned by PDRM, we can’t wait to see you arrested soon together with that Pundayen @ Raja and all the other MIBs, IBs and MiniIBs for scamming Malaysians and Singaporeans!!!!
Don’t get too cocky Dr.Moorthy as at the rate investors are experiencing long delays in getting their money back, your wish of 1000 people lodging police reports will come true very soon to call your bluff.
You should be helping investors who are stuck to prove your sincerity and not continue spinning ridiculous stories about once register in another country all problems will be solved. God help you when the law catches up with you and rest of the scamming team.
Seems Dr. Moorthy try to play a subtle game that is to blame Shah when FX United crashed to earth.
can we believe this Dr Moorthy right here?i mean anybody can be Dr Moorthy in this space.. who knows that this is the real Dr Moorthy?
maybe just one of their IB or agent who wants to play a part in this scene to back fxu up.. hmm.. fishy fishy so smelly…
@Dr. Moorthy
IF you’ve got nothing substantive to add to the review or comment discussion, don’t bother.
Dr Moorthy is an ass-hole who has given a lot of misleading and suspicious information.
He told everyone at the meeting that things will return to normal within 60 to 90 days but now this pig is saying there is no time limit.
His IB outfit was his damn fucking daughter and wife. They have ripped of many by not returning some of the unpaid withdrawals. The ass-holes must be brought justice.
One of Dr Moothy’s indian monkey told a member that it is the member’s fault as they did not invite him to invest. Dont trust the three and also another dumb ass by the name of Bobby. They are all bastards. There a lot of people waiting to lynch these 4 SOBs.
about one of their MIB ,Dato Zulfaisal.. i did some research and found out that he is no stranger in this kind of scam business.
years ago, he did a scheme called ads4bucks, with same business model, using pyramid and MLM concept, hiding behind the advertisement affiliate programme.
from a source, i found out that he was declared bancrupt at that time and using ‘ah long’ money to do the marketing for ads4bucks including using the celebrities for the purpose.
for once, this ridiculous ads4bucks became big and generate a lot of money for him until it collapse like any other scam headhunting business. so, it is no doubt about how he becoming rich now and own several legit business.
they say, if u want to be rich in a short time, u should do this kind of business, using people’s money to generate capital for you, easy money right..?
i even heard from a legit source that another MIB, dato ameer already opened a restaurant at his hometown, Kelantan.
So, dont u see dear fxu agents, IBs and miniIBs… ur beloved master scammers already built their empire using ur sweat of hunting people for deposits and taking people’s money and now they left you to answer to your investors and downline.
they are not taking the responsible for you. you are on ur own right now.
dont u feel cheated and stupid that the people u called boss,mentor and sifu are now preparing an aggrement for you to makesure their name are cleared from any obligations to you and ur investors? dont you think you have the responsibilities to bring them to justice and save ur downlines and investors?
dont you feel guilty that you cheat people becoz ur mentor ask u to do so?yup,maybe many of you are living the life u hv been dreaming right now becoz of fxu, but, dont u feel this kind of wealth (by cheating people’s money) is temporary?
dont u believe in karma? common, its not too late to turn back and do what is right for justice. dont blind ur heart by money…
These people dont realise that the Police and Authorities in Singapore, New Zealand, Thailand, Philippines and India are all working together now and monitoring this bastard Dr. Moorthy, his merry gang of thieves and also FXU Management.
The Management of FXU also think they can get away from all this. They have forgotten with these countries taking action internationally these bastards cannot hide anywhere in the world and will be caught.
Some of the members whom i met say they dont mind if the money does not come back but they want to see the bastards hang by the neck.
I would like to suggest all the victims join hands and hire some international lawyers and sue these bastards to hell.
It seems obvious that the so called fraud Datos’ & fake Drs’ who are promoters of FXU are all habitual SERIAL MASTER SCAMMERS who keep moving from one scam to another scam cheating innocent investors without being arrested and jailed by the police.
How is this possible? Is it because victims of scams fail to make the required POLICE REPORTS as advised by these SERIAL SCAMMERS as a waste of time so that they can buy time to run & escape with the loot.
I am sure Shah and Oz can shed some further light on this to help & enlighten and educate investors who have yet to consider making police reports quickly.
In my opinion hiring international lawyers may seem like a very expensive route especially when investors feel that it will further require lots of good money spent chasing the “bad money” gone.
Malaysia is terrible at Ponzi regulation.
If that is the case Oz, please share with the investors whether any Ponzi scheme scammers have so far being caught and prosecuted and money recovered for participants / investors as any advice on the “best” option for maximum impact & recovery.
You don’t have to publish this if it does not add any value. Thanks
Only recovery I’ve ever seen is when a regulator steps in and appoints a Receiver.
After July has anyone of our readers or friends been able to withdraw any money through Perfect Money?
I invested 10000 USD in July and the profit shown in the wallet is always pending!
Plenty of Ponzi scammers have been caught. Mate time to do your own research hey, this is offtopic.
actually these kind of cases take a long time to solve.it is quite hard to prove that ‘cheating and stealing’ happened when many people give their money to these scammers with their own free will, nobody forced them to do so.
their desires and greeds to become rich already take control. despites all the warnings from the BNM and the authorities, they still believe in these shits and try their luck.
it always too late when they realize that they have been cheated.
one of my cousins working in bukit aman told me that they have so many files pending for these kind of cases to be solved. but he told me that when many people do the police reports involving a lot of money, they will give the case the priority.
like the recent case, makkah islamic fund, although,no guarantee that u can hve ur money back but at least these scamshit bastards serve their place in jails and they cannot live free in luxury with ur money hence their accounts and asset being freezed and seized.
@truthseeker
You have given the investors some glimmer of hope that justice will be carried out & the master scammers be arrested and jailed if sufficient numbers make the police report.
On the flip side the investors concern will be whether their action will derail any chances of their capital recovery which is propagated by the scumbag IBs & MIBs.
I met an ex-BNM officer who informed me that there are many reports lodged on Ponzi schemes in Malaysia and some of the promoters resort to greasing the palms of the enforcement officers to delay or defer taking action and they do the same to the police.
Unless there is widespread publicity on the scams most of the investigations move at snail pace for the obvious reasons stated above.
Most investors are delusional and only when they accept that FX United and Venus FX are truly Ponzi schemes like Makka Islamic Fund and their capital is gone, will they get moving to the next step and accept reality to get the scam bastards behind the lock-up.
When are the investors going to wake up and accept that the master scammers have taken them for a rough ride. Hope they get the strength to move forward and do the logical thing quickly so that justice is served for their crimes before they escape to their luxury homes & villas overseas.
How will FX United ponzi scammers escape and be safe overseas when enforcement overseas is tougher and well organized compared to Malaysia. It does not make sense for them to escape overseas to Australia, USA, Europe or even UK as money laundering checks will be done and anti corruption laws are tough.
With solid law enforcement in place they cant purchase expensive properties, villas or even cars as the authorities will be alerted. Unless of course they decide to escape to Brazil, Thailand other developing countries where enforcement is weak.
They wont run. they will be here in Malaysia just buying time and investors are waiting for them to refund their investment.
Both oversea and local authorities have limited jurisdiction to act because like in Msia, our ponzi participants (aka victim) very happy to place their “investment” in foreign account with intention to evade tax or laundering purpose.
When they were talking about FXU, they so proud their money is not in Malaysia, not in RM, no need to declare to LHDN and not under the purview of BNM. Now shit is raining on them and they expect BNM to act, HOW and WHY?
Unlike in Malaysia developed countries are willing to freeze accounts along with other actions and have extensive jurisdictions including cooperating with other nations.
It’s not that Malaysian authorities can’t take action. They are just unwilling to go the extra mile as they have already warned investors regarding FX United before.
this is where we have to educate the people especially the investors that, at this point,their money aren’t the top priority anymore.
because many of them were well understood of the consequences when they put their money in this kind of fairytale scheme.
they put it anyway, so this is the price they have to pay for being such an ignorance.what is more important now is, together they have to stop the scammers from being free and cheat more people in the future maybe with a brand new ponzi scheme but with the same old shit to offer.
this is the point that they have to know that to report the case to the police is to urge the authorities to take action on the scamheads and to bring them to justice, not to claim the money back.
the sooner they can accept the fact that their money is gone forever, the sooner they can open their eyes and heart to think straight and do what they got to do..
easy come and easy, always listen to someone who already experience this shits..
many of us have shared our past experiences mlm/rich scheme but many of you are ignorance and ego. even now days the hard earned money wont last long what about money from this type of investment.
If you want extra money learn new skills but not buta-buta invest. anyway i’ll pray so that soon you get back all your money.
With all the issues we now have with the Ringgit, the latest excuse that will come out from the master conman & scammers will be that there is now some form of capital controls imposed by BNM and hence capital & profits cannot be remitted to investors accounts.
Hence they will now ask for more time of another six to nine months to set things right – it is the usual merry go round of excuses for the imminent collapse of the ponzi scheme and funds not there to pay the buta-buta investors. All the $$ havel being siphoned to the pockets of the millionaires Raja, Moorthy, MIBs, IBs and MiniIBs.
Agree with Truthseeker and Good Samaritan and hope the investors can open their eyes and heart to think straight and go that extra mile to lodge the police reports and to BNM soon.
currently,some of fxu facebook pages are in dormant mode and some already change the name to the new one… BEWARE people…!!!
These might be their new tactics to attract new ones who never heard of fxu and doesn’t have any clue what the shit is all about…
Sorry Dear Oz & Shah, this may be off topic but I am sure most would like to know if there is any forum that you both have started to cover another investment scheme now heavily advertised on the internet especially Facebook that uses the pics of Tony Fernandez, Richard Branson & other famous personalities.
Or is this a new spin-off from FXU operating under a new name. Thanks as it will prevent another round of losses for potential investors.
Hope we can Bersih our country from these get rich Ponzi schemes & master scammers / commen once they all are locked up in jail.
If it’s an MLM opportunity than name it. Otherwise no.
It is the Tony Fernandes Binary Options and Richard Branson Binary Options from FREE MONEY SYSTEM promising people to become Millionaires. Another scam to hit Malaysians who are gullible – hope they will stay away from losing more money!!!
It may not be a MLM as I dare not go further to click and explore. Sorry to post this and kindly ignore if your blogs are strictly only covering MLMs.
Just wanted people to refer if there is a said blog as I met 2 people recently who were impressed that Tony Fernandes was promoting this binary option trading system!!!
You mean this?
nst.com.my/news/2016/09/176144/scammers-use-tony-fernandes-image-dupe-victims-facebook-ads
No chance Tony will spend time on business of this sort, juz not part of this vision and masterplan.
Scammers always use the biggest names for their scam. TVI Express used to claim link to Richard Branson and Warren Buffet.
I have only one objective. That is, to see the bastards Dr Moorthy and Bobby behind bars as soon as possible.
The odd thing is that i dont see why BNM and the police have not arrested these two bastards for money laundering. There are many who have reported these two. PDRM and BNM dont need so many people to make reports!
Simple investigation of how this DR Moorthy has been paying the depositor’s withdrawal without passing through banks in Malaysia should be enough.
Their accounts are in Public Bank and this bank should have reported this to BNM. Why did they not do this???
Is Datuk Ameer holding some powerful strings that PDRM is unable to hit these bastards?
Frankly, i dont see much steam in this blog anymore. Its all moaning and groaning. Nothing really progressive getting anything done about FXU.
To me, it appears that these people have actually made a clean getaway. I dont really see much outcome oriented news here.
Sorry, folks thats how is see it. I could be wrong but my views thats all.
@Patcher
The point of this review is to inform people FX United is a Ponzi scam. Any activism beyond that is beyond the intended purpose of a review.
Hi guys,been reading this thread whole day n felt many among us been cheated by those suckers!!!
calling all victims to combine in one fix day to officially file a report to relevant authorities!!!please with combining we may put extra pressure on the authorities to act faster…
FXU @ Sabah.. they wont stop cheating people’s money
postimg.org/image/5rzf8jb79/
my upline said that she cannot withdraw anymore… she’s under glory.
Refer to the link below, there is a change in the name in this group, it is known as Malaysia Money Magnet now and formerly known as fxunited…
facebook.com/fxunitedmalaysia/?ref=py_c
Dear victims and sufferers,
Do you know why they are so bold to go ahead with the sham operation by just changing the scam name and blatantly disregarding the law???
The answer – YOU PEOPLE ALLOWED THEM TO DO SO…YOU ALLOWED THEM TO F#@$K YOU BEFORE AND YOU ARE STILL CONTINUING YOUR GENEROSITY BY ALLOWING THEM TO SCREW YOU, CON YOU AND INSULT YOU AND TEAR YOU APART.
The scammers unashamedly set up another scam right under your nose because by now they have recognized the stupidity and the insecurity that you people possess.
You can wait for a thousand years and wait for this bastards to return your money…we can only say “Dream On”.
When we started the campaign to shut down this scam, we told you greedy and selfish people to withdraw your money but all you people did was, wait and see and earn more money.
No point waiting, it is has ended and the only way to recover your losses are to fuck them personally..
With reference to enforcement and regulatory actions in Malaysia, all we can say is , do not depend on them.This is due to their lackadaisical attitude and their failure to dive in and conduct a proper investigation. You people need to move forward and take your own initiatives to fuck these bastards and recover what is yours.
Even if you are not able to recover anything, please redeem your self esteem, your pride and your dignity by PUTTING THESE BASTARDS- MIB, IB, MINI IB AND ALL THOSE WHO ARE INVOLVED IN THESE DISASTER….BEHIND BARS!!!!!!
This is the latest announcement by someone by the name of Jean Marc…SUPPOSEDLY FXUnited Marketing Director!!!??
OUR RESPONSE TO THE ABOVE, REFER NO (1)
1)Why the hell are you not paying the withdrawals, this is not your grandfathers money, this is people’s money. So STFU and release all pending payments and withdrawals to this poor victims.
Anyway, who are you Mr. Jean Marc?? Can we have your full corporate bio so that we will know how and where to find you in order for us to get our money back… at least give us your correspondence address and your place of origin, my friend…
PLEASE STOP SENDING SHIFTY, UNPROFESSIONAL AND ATROCIOUS CORPORATE ANNOUNCEMENTS…. IT SHOWS BUDDY!
@Shah
Thanks for sharing the Nov22 post by the Management. The announcement confirms that they are running out of money.
What are the next steps being taken by the investors? Are we aware of any mass gathering or reporting to be done by large groups of people to get the authorities moving to arrest the master scammers?
The FB sites have some grumblings but can’t see concrete steps moving forward. I am sure more Money Magnet sites / pages will be cropping up soon if the masterminds are not hauled up by the police.
@Concerned
“Ignorance and failure to take action is a voluntary misfortune”, no pun intended bro..
1) Firstly, there is no such thing as “Management”, the whole set up is made up of a party of swindlers and thieves.
2)You people who held the ladders for them to sneak in and rob is also equally responsible for your misfortune.
3)Taking into consideration all the exposes of this scam, the investors are still expecting mercy from these bastards. Instead of fucking this bastards, you people are like a puppet on a string…dancing and moving to their tunes.
4)You just need 10 disgruntled and fucking angry investors to stand right in front of all the MIB’s IB’s and all those bastards who are involved in this scam. ( Heard that, a group is formed to protest and rally in front of Dato Raja’s office and house).
5)Lastly, just accept the fact that, you are fucked and you are shamed and accept your failure as it is and now MOVE FORWARD TO TEACH THESE SCUMBAGS A LESSON.REDEEM YOUR SELF ESTEEM AND YOUR SELF CONFIDENCE.
THESE BASTARDS HAVE ENRICHED THEMSELVES AND THEIR FAMILY MEMBERS AND THEY HAVE LEFT MANY FAMILIES FINANCIALLY SHATTERED.
DO NOT LET YOUR INACTION AND YOUR FAILURE TO PUT THESE BASTARDS BEHIND BARS,HAUNT YOU PEOPLE FOR THE REST OF YOUR LIVES.
Well Shah like you said there is no such thing as false hope. perhaps this is how FX United have decided to finally pay back the victims through these new entities.
@The Good Samaritan
After reading the earlier comments do you really think these devious greedy conmen will pay back the victims from these new entities.
Putting them behind bars may be a greater possibility than waiting for them return the invested capital. Furthermore their excuse will be that it is legally not possible as contract with previous entities.
@Oz & Shah
I have been getting calls quite regularly here in KL from Forestry Assets Sdn Bhd on investment in Agarwood.
Are there any blogs that either of you host [or any site] on this not so quick get rich scheme [guy says after 2-3 yrs a very high return] which sounds like another scam.
I haven’t heard of Agarwood.
@Shah @OZ
Looks like the message by “Jean Marc” on 22 November has disabled all withdrawal functions, including the withdrawal of capital. I have tried it just now and discovered that I cannot withdraw my capital.
I just received new information today which is in Malay language for Malaysian clients. In summary, it said that FxUnited is updating and doing “housekeeping” of the existing wallet system in the cabinet, where the funds in the current wallet will be freezed from withdrawal until a new wallet system is set up to accommodate a new product and system.
It looks like withdrawal by Perfect Money is made redundant and soon all clients are forced to open XAPO-Bitcoin accounts to facilitate withdrawals into their local bank accounts.
Again another bullshit to buy time…. and the motherfuckers claimed that they want to be the number 1 broker in the world. what rubbish… Please read below the original message in Malay language.
(Ozedit: Non-English removed)
@Singapore United
Simple logical explanation:
1.not to pay any withdrawals,
THESE SOB’S CANNOT PAY BECAUSE THEY DO NOT HAVE ANY NEW INFLOW OF MONEY, THEREFORE REFUSING ANY WITHDRAWAL AND CLAIMING IT IS DUE TO SYSTEM RE-ENGINEERING.
2. not to accept any deposits EXCEPT for WINST accounts,
THESE IS BECAUSE, THE ENFORCEMENT AGENCIES IN MALAYSIA ARE ALREADY WATCHING THESE FUCKS, MANY REPORTS ARE BEING MADE…THESE BASTARDS ARE IN THE LIMELIGHT NOW…. CONGRATULATIONS!!!
AND THESE SOB’S ARE SHAKY DUE TO THE NATURE OF THE OFFENSE…IT FALLS UNDER DEPOSIT TAKING, THEY ARE NERVOUS JITTERY AND IT HAS PROMPTED THEM TO DISCONTINUE DEPOSIT TAKING.
3. not to process any wallet transfers until further notice.
HOW THE FUCK ARE THEY GOING TO PERFORM ANY TRANSACTIONS WHEN THERE ARE NO MONEY IN THE ACCOUNT..
@Patcher
Don’t lose hope buddy, just for your information, FXU has disintegrated beyond redemption and it is matter of time before this scam is exposed flashed in every major newspaper in Malaysia.
Trust us, man.. we started the campaign from ground zero and today we are seeing some very positive reaction from the government agencies and most importantly the people have witnessed the real face of these scam.
COMING VERY SOON!!!
Patience is a virtue, bro…. So, don’t be weary and wait for the latest news.
WANTED NOTICE
m.facebook.com/130148564115757/photos/pcb.177609296036350/177608179369795/?type=3&source=48
Please help the victims and depositors to look for this Dato and Datin Seri whereabout.
Am surprised that they are not looking for the other chief bastard Dr.Moorthy Balakrishnan – the serial networker scammer and IB who has conned a lot of people – another awtar keling.
Also read on the FB page above that some people have not learnt their lessons on these FX scams and have now have switched to igofx and alpari to “invest and try to recover their losses” from FXUnited.
And these people also starting to recruit – when will they realize all these are very risky ventures & it is a vicious cycle – key ingredient being “high returns”.
More updates from the management:
(Ozedit: Spam removed. Enough “announcements” until something actually happens.)
We find that Venusfx victims have made the right move.
They have commenced action and chances of recovery looks fairly well with all the publicity that is happening now..
So FXU victims..DO IT NOW, sometimes “later” becomes ” never”.
What are you all waiting for??? Jump on the bandwagon now!!!! And let us see what can and may happen with the current exposes.. Act fast as we do not know whether there will be another one passing
soon..
ALL THE BEST.
Company News:
Translation: We spent your money suckas.
so much like corporate news lol… can u imagine if maybank release these kind of news? aint it funny? hahaha…
very unprofessional and childish to the max. shut up u disgusting scammers!!! u all are becoming very pathetic! annoyed! sucks!
News release.. hahhaha.
I strongly urge…i strongly suggest…
Come on..when you release official statement on behalf company..should not use “i”.
In other words, the leaders have left, leaving some junior, thinking he was “promoted”, in charge holding the bag.
I put USD 10,000 in July. I’ve not received a sen in return!
First was told by end of Nov, there’ll be good news!
And now all we get is more and more news but I want cash not news!
I’m retied and this from the little EPF I had…
Appreciate the heads up Shah but VenusFX here is offtopic.
Nov 25 2016 Update
Received this from one of the IB in Malaysia. I do not know the sender.
I am just sharing with you guys …
(Ozedit: Unsubstantiated information removed)
@Zulk
Nothing personal but I think we’ve had like ten or so of these random wall-of-text updates shared here.
They all pretty much are the same, excuses for nobody getting paid and lofty promises that are never delivered on.
can someone enlighten me, if this FXUnited thingy still exist and running?because my close fam member are joining and recruit people… so.. i am just kind of worry for her.. (I refused to join).
can someone give latest update (KL fxunited it seems).
@sakura
People haven’t been able to withdraw for a while now. New recruits still getting scammed unfortunately.
I would like to confess something.. I join fxUNITED since 2014.. everything was ok until this few months until withdrawals start to become a big issue.
My once mentor Ameer (mib), elfi miqdad (ib) and (mini ib) top 3 (millionaire top sales 2016) force us all agents and investor to make new sales so that they can pay the old and new investor since they dont have any money, NO new investor to join in (so that what they say).
I know this people close, i thought once they are my friends, my team and now after all has happen, only ALLAH knows what in my heart right now. They treat us like beggers after what the team been through.
What has happen its true.. 1. ponzi scheme 2. illegal deposit taking.. etc.
Things already in motion (accident has happen). Forget about getting the capital back.. withdrawal through PM and etc..
The malaysian police told me that they need at least 10 police report regarding MIB, IB, MINI IB that dont pay withdrawals, capital return to customer.
The police need MIB, IB, MINI IB names and spouse name, bank accounts, hp no, residential address.. etc. The police and BNM has a file regarding them.!!! YES.
All police and BNM need is the 10 police report from investor MIB, IB, MINI IB that don pay. THATs IT!
Sorry i cannot exposed my real name etc.. And sorry to all my team MIB, IB, MINI IB.
If 10 police report has made by the investor, the police will make an announcement in TV and the press will Follow.
All the best.
Dear all, once the 10 police has been made.
1.The police has access (help) from INTERPOL.
2.WARRANT…
3.PRESS SHOW
4.ETC ETC..
(let your imagination run wild what the POLICE and INTERPOL will do to these people)
The 1st one is the end game…
ALL THE BEST.GOOD LUCK!!! (ALREADY SEE WHAT HAPPEN TO VENUS FX)
OMG!!
In our entire adult life, we have never seen victims of scams who are so accomodative, joyful and patient.
Even though it is crystal clear that it is a scam, the victims are still believing in their lies..no pun intended but it is such a pathethic and sorry attitude.
Lastly,we are leaving in a era of smart phone but really stupid people…our apologies for using such a harsh word but your attitude really sucks and annoys us..
It really make us so freaking angry to see how these SOB’s are continuously cheating you all and how you people are so naive and dumb to allow them to screw you in every possible ways..
Foolish Hearts, Heed Our Warning, You Have Been Wrong Before, Don’t Be Wrong Anymore.
Take action now…there ia no such thing as LP and broker account, all money were deposited into rhe scammers bank account…so Act Now and Redeem What is yours…
WTF!!!! Now they have introduced a new product to milk the public..
An intelligent plan to challenge our intelligence..WTF is going on..and you victims are allowing all these shit to take place..such sorry state.
Their new product:
Intelligent Manager Account (IMA)
@Shah
The Singaporeans are grateful to you in your efforts to educate and highlight what FXU really is and what it isn’t. Your name is mentioned in some blogs as someone who is spearheading the expose.
Wonder why people across the causeway are so naive, dumb and blinded by this scammers who have nicely pocketed the funds deposited directly into their personal account!!!
My understanding is some Malaysians have made the police reports but further action possibly needs some sort of monumental leadership – in the case of venusfx the Indian political party went on the offensive to nail some of the bastards.
Maybe FXUM’sia should follow a similar strategy to reinforce their reports and accelerate police & central bank action. They are dumb, naive & blind and waiting for some sort of extraordinary leadership to move further forward.
Thanks once again Shah & Oz for the wonderful work you are doing, keep it up. What a joke their new product – Intelligent Manager Account [for the not so intelligent!!!]
To all FXU victims take note…
sakit hati dgn fxu facebook administrator is a coy pretending to defend the victims but in actual fact he is one of The scammers…. look at all his posting … it looks like he is anti Fxu but all this are lies… he is working fOr Dato Ameer…. IMA is one fucking product similar to CGAT and these scums are planning to collect money from fresh investors to pay off old investors…. but this will never happen due to the current environment… CGAT IS FUCKED FOR GOOD..
So Paul and the rest of the victims…dont be stupid assess taken for a ride…
This facebook admin is diverting the whole issue to Dato Raja, putting the blame on him… believe me it is an attempt to divert the issue at hand…. Dato Raja is just an ordinary bastard and mother×÷÷__er who took advantage of the scam.. THE REAL PERPETRATOR ARE AMEER AND ZULFAIZAL….
WHEN THE FUCK R U VICTIMS GONNA OPEN YOUR EYES…. PERIOD.
Fuck them NOw or never… Period.
NOW LET US TELL U A SECRET… THE AUTHORITIES IN MALAYSIA WILL NEVER ACT UNLESS THIS ISSUE IS MAGNIFIED LIKE VENUSFX….. WE TOLD U BUT U PEOPLE NEVER LISTEN… GO BIG… TO THE PRESS AND AUTHORITIESIN GROUPS…. U WILL SEE THE RESULTS…
VENUSFX victims formed a committee to fuck them… so do the same.
I totally agree with Mr Shah that the authorities will not take action until this blows up big time. Here is my advice, as a govt officer.
Send a barrage of emails to your MPs until they are compelled to take the issue to parliament. Deluge their FB pages with complaints.
Trust me, most MPs love any hot issues to stir up some shit in parliament or in the press.. You can easily obtain their email addresses in ministry websites.
People now just wait and get some good news in december 2016. i believe more police report will made if payment not done by december.. this is their last hope.. already invest and scared to act and make police report.. but if not get paid as what they promise.. sure this fxunited goes viral.
I wish they get paid… and learn dont invest our trust cons people like dr moorthy… earn and eat rice from cheating people..
It seems a lot of “investors” posting on this blog and urge others to make a police reports. Did they themselves did that so?
Exactly my thoughts Jaason. The way I see it, all this goading people to make police reports and claim what is theirs seems to be building a euphoria that is gaining zero momentum.
With the way things are right now FX United investors just want to get their money back and they dont want to jeopardise any oppurtunity of getting their money back or their returns by making hasty decisions.
So seems like they are biding their time although it is risky. They seem to be giving FX United a last chance to get their act together before pulling out completely.
No point getting annoyed with investors as it is their money and their decision to make.
Owing to how a Ponzi scheme works, that’s not possible.
Best bet will be to get some of their money back, through regulatory intervention.
Sitting back and quietly hoping for the best will get you nothing.
Dec 3 2016
Received this morning:
(Ozedit: No more waffle paragraph updates unless something happens please.)
Update: FxUnited has just launched another devious scheme called Intelligent Account Manager to replace CGAT system.
Basically this insidious scheme is trying to recruit new members to place their monies for at least 18 months instead of the usual 12 months tenure in order to pay the older investors who parked their monies in the older and soon to be made redundant CGAT system.
In fact, they are offering higher commissions as bait to motivate existing CGAT account holders who are able to pull in new clients. This modus operandi is clearly a Ponzi Scam.
Re-post, for potential FxUnited clients who have the intention of joining FxUnited or any similar Forex scheme, take a step back and analyse carefully.
Did your friend, relative or “long lost” friend, ex-classmate, NS buddy, ex-colleague, in your WhatsApp chat groups or Facebook suddenly share photos of cash in high $1000 denomination bills like these??
These are tactics to cloud your judgement and common sense. The monies are used as bait to lure you to part away your hard earned monies, savings or even take up loans to join this deceptive scheme disguised as a CGAT forex platform.
So beware and be aware. Don’t let these flaunting of $1000 bills fool you and deceive you.
It’s all in their their textbook manual to entice ignorant investors. Don’t say I never warned you.
Latest update! You can now withdraw your capital. Fuck those FxUnited bastards.
Now is the best time to pull out and forget about accumulating non existent non withdrawable bonuses. The longer you wait the longer is your anxiety and misery.
If the capital withdrawal into your wallet is not approved or subsequently cannot be withdrawn to your Perfect Money, you have no more excuses and reasons not to make that police report and screw them to eternity.
Here’s how to make your capital withdrawal (please note that you still have to withdraw your monies out to Perfect Money/ Bitcoin after this step is successful). The processing time may take up to 3 hours.
The steps:
1. log in fxunited cabinet
2. Click on account section
3. Click on my cgat acc
4. Click on “trfer to wallet”
5. Click on “withdraw capital”
6. follow the next step
7. Wait for capital to be transferred to wallet. (May take up to 3 hours)
8. withdraw directly from broker via Perfect Money or Bitcoin.
next step, wait for up to date information via this Page.
Much appreciated for all help rendered in order to retrieve/recover all the Capital invested, even without the Capital Gain!!
Dear all fx united investor,
Personally i and other fxu investor has make the police report recently.
We have already given to the police, MIB, IB, MINI IB name, spouse name, their father and mother name, as well as bank accounts that use for depos/withdrawal… and other relevant information etc.. (from there the police can investigate where the money actually go ..onshore/offshore… assets..etc).
The malaysian police are in the midst of compiling these reports nationwide right now. They will soon do the full investigation with relevant authorities including INTERPOL if necessary. (I WILL LEAVE THIS MATTER TO THE POLICE!!!)-Let the police do their work, and its my rights and others to make the police report against fxu and MIB, IB, MINI IB!!
I feel so sorry for fxu investor WHO RISK THEIR HARD EARNED MONEY so that the MIB, IB, MINI IB can get rich quick ilegally in malaysia.
If fx united is a genuine/authentic/real forex broker (as they say) SO THERE IS NOTHING TO WORRY REGARDING THE POLICE REPORT.!!!
All the Best.
Checkmate! finally we going to end this. stop introduce new plan..or scam tricks
-> early bird promo clearly showing that, how to desperate their looking for money.
if there is greedy and people too easily can get cheat.. this bunch of scammers wont stop.
still got people believing in their new plan. STOP INTRODUCE NEW PLAN.PAY THEIR MONEY AND GET LOST.
THANKS TO AMELIFF, MAKE APOLICE REPORT! WE HAVE TO REPORT TO MMC TO BLOCK FXUNITED WEBSITE.
Please share: My advice to existing FxUnited clients who joined before November 2016, who are facing the conundrum of withdrawal delays of their bonuses since June 2016, the only way to call FxUnited’s bluff is to withdraw your capital now!! Not later not next year, but now!
Forget about your bonuses. It is non existent, it is imaginary and it is fictitious numbers in your FxUnited statement of account, the physical monies are not there. If you even cannot get back your capital, how the hell are you going to get back all your bonuses which are still pending approval since June 2016?
The spin about the money being frozen due to the de-registration of United Global Holdings Ltd (UGHL) is a decoy. The fact is, there are no monies being frozen or being existent in the first place. There are no official announcements regarding forfeiture or freezing of bank accounts in NZ with regards to UGHL.
Only UGHL is struck off New Zealand Companies Office. See here: https://nzcompany.org/co.php?id=5247841
The company is struck off the registers. There are no official letters or documents from the New Zealand authorities or banks that their account is frozen. Enough said.
Don’t fooled by empty promises and the new IMA product. It is still a Ponzi scheme.
I hope i’m wrong on this but again it looks like sad reality that our investment on this scheme is going to be as good as gone.
A costly lesson to be well learned. Better luck and be more careful next time on such kind of investment scheme. May GOD bless us all.
I followed what “Fxunitedinfo” said and tried to get back my capital.
The steps:
1. log in fxunited cabinet
2. Click on account section
3. Click on my cgat acc
4. Click on “trfer to wallet”
5. Click on “withdraw capital”
6. follow the next step
7. Wait for capital to be transferred to wallet. (May take up to 3 hours)
it’s now more than 36 hours, yet no money has been transferred into my wallet!
Hi “Tired”.. this what they posted and let idiots believe on it. they just keep take more time.
as i heard more than 10 police report are made.we have to wait. Malaysia Authorise have to do their investigation. 2017 is game over them.
the many has been frozen? lol.. typical ponzi excuses.. always put the blame on others.
the new zealand already make this clear by release an official statement that they only deregistered the company (UGHL), and no other legal action has been made.
please dont fall for this guys. they actual money is gone forever my friend.. this is why they introduce this new IMA product.
it is to AGAIN,collect people’s hard earn money and if you are lucky random old invester, u will get ur money back (money rolling 101).
why i said that if u r lucky random investor? because this selfish scamshit, will first and foremost pay ur beloved IB and miniIB and their frontliners, because these people are their backbone, the master headhunter and the loyal shitters of fxu.
you as the random grumpy investor who has been nothing but burden to them, and already been treated like traitor to fxu (because you make so much noise about ur unseen money), wont get their priority my friend…
this is why we are telling you again and again, make the police report and urge the authorities to take action of these fxu scamheads and their army.
dont let these kind of people live freely. you have learned ur lesson, they also have to be teached.. and where other place that is more appropriate to do so other than…JAIL..! let them rot!
so many typo..lol…hope u guys get what i mean..hehe
Lucky.. i never believe this kind of things and not become a victim…from hundreds comments the conclusion is fxunited is bullshit bussiness!!!
Last week product launching and had been held in Seremban. As @FXnews mentioned before, it is called Intelligent Account Manager (IAM) to replace CGAT system.
The differences is CGAT promised 12% returns whereby IAM is 7%. They will used the other 5% to repay existing “Investors”.
They also mentioned that a case have been filled in New Zealand to release all FXU “money”. Promised to return new investor pending money within 2 months and “veteran” investor’s within 10 months.
From what I were told, most of attendees to this launching events are happy and excited.
Really can’t digest. Are these guys plain stupid or morons? Can’t they use their brain to understand that they are cheated again and again.
What happened to Shah? Long time never post anything.
Jaason,
From what i understand, the IMA monthly pay out is 13% of which 7.75% is the ROI and the remainder 5.25% is the capital being returned. This means they will return the capital in 18 months which is the end of contract.
I also heard that some depositors are filing a form 289 (or something) in NZ against FX United using lawyers in NZ. They are doing this to flush the truth and also to freeze the FXU, UGHL assets to force a pay back on their deposits.
They will also be filing a 189 (or something) in Malaysia against the local idiots. This depositors are also lawyers here.
Another news. This Dr Moorthi is supposed to have a roadshow in KL Grand Sissons hotel but chicken out at the last minute when he heard the KL people were going in for a confrontation.
No point doing the above, for the past months we were screaming “scam” with reference to this “RIP-OFF” establishment called FXUnited because of the following:
1) UGHL did not receive your deposits, so legally there are no contract between the victims and UGHL.
2) Monies were deposited into the scammers locally incorporated company account, thus creating a contract between the depositors and the scammers company. So UGHL has nothing to do with the victims and they are not obligated to any demands.
2) LP’s are not involved in the whole business transaction – it is just a make believe stories made up by these scammers.
3) UGHL isjust a front to build up the scam’s reputation to hoodwink the people to believe that it is an international and reputable company.
Conclusion,if you guys want your money back, F@#*& these bastards individually and their company.FXU scam is no different from Venusfx, same modus-operandi, as such please proceed to fuck the bastards who conned you and don’t waste your time with UGHL.
For further reference please refer to Capital Trusts Market, Reza Mokhtarian case.
nst.com.my/news/2016/12/198486/makrifat-cinta-tale-self-made-millionaire
See the above and see who is having the LAST LAUGH!!! and you weak minded and poor people expecting miracles to fall into your lap..such pathetic souls.
You people are not only conned but insulted by these bastards and you are celebrating his victory.
Shah,
Its good to know your views. Many of these people dont believe you because they believe you are saying things without any real hard proof. Until today Datuk Ameer and Dr. Moorthi are walking around free.
None of whatever you say about them has happen. Also it appears that everyone knows that Dr Moorthy is a film producer too. Some of the investors told me that they have started receiving payments as of November.
I also heard that FX United is filing a case against this blog and you. It appears they have traced your identity with detail proof. So, my good friend, please be careful and provide real hard evidence. You could be going in for a million-dollars suit and damages.
I am only a messenger.
Evidence?
Try the FX United compensation plan. It spells out FX United is a Ponzi scheme.
Oh what’s that, you didn’t read the review? Take Moorthy’s dick out of your ass, grab a coffee, find a seat and start reading…
Oh, P–U–H–L–E–A–S–E
So, Dr Moorthy and his friends and/or lawyers are quite prepared to stand up in court and prove how they are not low life criminal fraudsters and FX United is a legitimate business.
Yeah, like that’s ever going to happen.
The worst anyone can expect is a threatening letter from a pet lawyer.
@Lexman..
Hahaaha..hahahaha
Traced our identity??? Do you think we even care about those fucks.. frankly speaking we don’ t give a fucking hoot to these kinda shit.
Lexman..go read our reviews and our take on this shit called Fxunited….we have presented every single thing factually and if those fuck want to take this issue into a different level@ legal action…please ask them to do so.
We can proof that this fucking shit is an online fraud and it is an online Hawala system created by this scam fucks.
We dared that motherfucker Raja to take legal action against us and you know what he did????….The answer…the fucker closed his website and company and went missing and thousands of investors under him are suffering like street dogs….
Come let us tell you an open secret…very soon these fucks are going to be nailed…you want to know when and how????? Thats for you to find out….
Tell those fucks .. we only have our underwears to lose in the event the court finds us guilty…so ask these fucks to forget about a multi million dollar suit…and get ready to spend the rest of their lives behind bars…FUCK You
SO, NOW ALL we CAN SAY IS FUCK YOU AND FUCK YOU MOTHERFUCKERS…We KNOW ITS NOT DIFFICULT TO TRACE ANY ANNONYMOUS AUTHORS…
DO YOU THINK WE ARE THAT FUCKING STUPID THAT WE DO NOT KNOW THAT WE ARE LIABLE FOR ANY SLANDER OR DEFAMATION????
LET US TELL YOU..THERE IS SOMETHING BREWING AND SOON THOSE FUCKS AND ALL THOSE WHO SUPPORT THIS SCAM IS GOING TO GET FUCKED LEFT RIGHT AND CENTRE LIKE THERE IS NO TOMORROW….FUCK YOU AND FXUNITED…PLLEASE TRACE US AND SUE US…FUCK YOU!!!!!!!!!!!!!!
ALL THE BEST IN YOUR LEGAL SUIT YOU FUCKTARDS!!!!
Chill Shah, these are conman, conning others and themselves. They ate the ponzi scheme and it flows in their blow. Lying and deceiving is part of their daily life. Some I can see is delusional by their own lies.
This site serves as reminder in the very end. Those who wish to con and to be conned, dig their own graves. Lexman is just one of the ponzi mouthpiece like those lying in cafes, facebook post, training that meant to be trap, etc.
I’m not a believer in karma, too overused for ppl who just refuse to act. Always waiting for GOD take care of their business. If you have been ponzi-ed, act now.
All pending payment released.case closed. fxunited is ponzi money game.. but scammers start to pay.
everyone is happy and more people start to join…
Ponzi schemes pay out as long as new investment flows in.
Whether people are getting paid or not has no bearing on FX United being a Ponzi scheme.
A business model defines whether or not a company is a Ponzi scheme. And FX United’s business model very much defines it as a Ponzi scheme.
Has anyone received anything yet? Been 6 long months!
Everyone start to receive payment. All clear.. fx united release all payment.. please check with ur IB.. you can invest more cash into IMA. Your capital is safe.. !!
Yeah… except FX United is a Ponzi scheme and is still going to run out of money at some point.
Enjoy the withdrawals till they slam the brakes on again I guess.
@FxUnitedinfo, hey asshole stop giving half truths. The monies that can be withdrawn is from Wallet 3 which is linked to the new IMA account.
Since IMA is still new and has not reached its peak and plateau, there will be monies to be withdrawn monthly until the pyramid Ponzi game is unsustainable and collapse.
The truth is that all withdrawals via Wallet 1 which is linked to old CGAT are still fucking pending since June 2016! So don’t bullshit with the readers here and announce half-truths!
FXUnited, you scammed so many people already, I’ve not received a cent back. I’m all for revenge right now.
Can someone tell me how to contact the broker? I was stupid to invest through a relative but I want to face the broker and see that he/she ends up in hell for this.
Any suggestions anyone?
Michelle.. whos your IB?
@Singaporean, funds in wallet1 were transferred to wallet3 or deposit wallet. You can withdraw from either wallet1/2/3 via IB, Perfect Money or bitcoin.
Funds from your deposit wallet can be 1.) used to fund your standard trading account and can be withdrawn via wallet 2; or 1.) used to invest in IMA and can be withdrawn via wallet 3.
@Michelle Singapore, indeed who’s your IB? please reply with your agent number and your IB’s name and agent number to verify. Somebody is remiss in his ‘duty’.
Just sharing my experience.
@jazzy who in the right frame of mind would want to fuck themselves twice by placing money from Wallet 1 into Wallet 3 to be recycled into IMA?
What we want are our fucking monies derived from CGAT and our capital (for those who decide to withdraw their entire capital) which is parked into Wallet 1 by default.
From Wallet 1 affected investors have withdrawn their monies straight into Perfect Money and status and still pending!
And since the wallet 1, 2 & 3 were only implemented on December 2016, all those monies withdrawn to Perfect Money from the original Wallet prior to December 2016 are hanging neither fucking here or fucking there in the blackhole of pending status, and how the fuck is this money in the blackhole can be fucking transferred to Wallet 3 if it’s not in the fucking Wallet 1? A big Fuck you FxUnited!
actually wallet1, 2 and 3 for what?… if wallet1 for CGAT n wallet3 for IMA, wallet2 should be for live trading a/c but when i withdraw my profit from my trading a/c still go to wallet1 and still pending until now.
Fxu should consider people who trade manually live a/c, the profit withdrawal go to wallet2.
I don’t know who my IB is, my uncle sponsored me so I only have his details. My agent ID is 629112. Anyone can help?
If I can get my money back, I’ll spend all my spare time helping those who need someone to write and push emails for them. I hate cheaters.
If you are a Singaporean, please go personally to MAS and meet the officers to inform them about your predicament. Singapore seems to act faster than any other countries when it comes to commercial fraud and scams.
You may never get back your money but remember, karma has its unique ways to give back what each one deserves, your good deed may save a lot of people from getting cheated by these bastards.
One more thing to note, these fucktards are still aggressively promoting these scam in Singapore and those Singaporeans who conspired with the Malaysian scammers to cheat their fellow countryman need to be taught a good fucking lesson.
@Michelle Singapore, am trying to help you get your money back as I am doing the same for myself progressively.
Facts:
1.) My funds in wallet1 were transferred by fxu to wallet3 in dec. 2016. I withdrew my funds eventually. So if your funds withdrawal via broker are still in ‘pending’ status, I suggest you create a ticket (support section), requesting to cancel the withdrawal.
The reply will probably take a while, just continue sending tickets everyday if you must.
2.) Your sponsor (probably your uncle) should be able to help you. What did he say about your case? Do you have an MIB in singapore?
@Singaporean, for funds in your deposit-wallet, just transfer it to your standard accout and then transfer it to wallet 3, and withdraw from there.
My experience is that withdrawal funds in few hundreds/few thousands of dollars are approved after 4-5 days max.
Good luck to you, I sincerely hope you get your money back in full!
Thank you Shah & Jazzy, indeed I’m going to cancel my withdrawals to begin with. Then I’m going to check if the small claims court in SG accepts such cases (that’s our standard way of filing disputes etc..).
I’m also going to get the MAS contacts. Really busy with work but I’ll make it clear to mention the whole scam and hope something is done. Cannot tahan all this crap!
@Michelle good move.please do it. its not just about your money. if MAS can do something and out in media… Malaysia gov sure will follow.
tihis scammers keep doing seminars in Malaysia and Dr Moorthy keep collecting deposit from publics. people dont report because they scared they cant see their money again.
Hi Jazzy,
I am one of the fools who is trapped in this crap. You said FXU transferred your withdrawals from Wallet1 to Wallet3 so that you can withdraw? Many of us have been sending lots of ticket and no response from them.
Are you sure?
I just received this sad story from FX Finance, it’s a standard template to seek pity.
@jazzy how to transfer from wallet1 to wallet 3
what they trying to say: we screwed up our CGAT! your capital is gone. if you want see your money.. create IMA account.. put more money, we pay bonuses when new idiots pump in cash.
we pay people who not receive any single cents. we have to pay them because they get pissed on us.
you can request for withdrawal. its up to us when we can release your money.
last time we said..take 90 days if you withdraw money using Perfect money. now can make it within 24 hours. because last time we dont have money. so you have to believe what we said. now we got “reserve money” to pay our idiots. its take 24 hours to reach your bank account.
Nah. There never was any CGAT.
FX United just ran out of newly invested funds and are reducing their ROI liability by cancelling old accounts.
@Oz i fully agree with you. CGAT was just a smokescreen, there was never any sophisticated robot or software program to do automated and optimal trading to reap the highest gains but instead a sham to milk away your monies optimally.
IMA itself is another sham, purportedly trading being done manually by a team of expert traders.
All these excuses and reasons given are just bullshit and they are just buying time. Fuck you FxUnited…. You make one wrong move in Philippines prepare to face the wrath of Duterte.
I trade the standard a/c manually and withdraw only the profit but the withdrawal go into wallet 1.
If Fxunited really forex broker, they should make my withdrawal easier coz i don’t have CGAT and i make profit trading myself.
guys…plez plez plez…dont give these scamheads a chance even for once more to buy more time, seek pity and buy ur trust that u will get ur money eventually.. wait no more.. move asap to screw their dirty moves..
this IMA new shit is created only for that purpose to roll the new depositors’ money and pay some old investors. they dont have any money because they aren’t doing any business whatsoever.
these people are truly bastards to do such heartless scheme to get quick rich for themselves. they dont even care for ur money. the only reason for them to do the payout for certain people is only to calm down the investor so they wont take any further actions involving the higher authorities so they could escape and do more of these bullshit scheme in the future.
they are right now afraid guys.. because they know they never can underestimate the power of people’s voice and actions once we come to the boiling point.
so,again guys,do ur reports to ur respective authorities in ur country. dont dont dont let these scamshits live freely and built their empire with ur hard earned money…
To all Victim of FX_U,
Guys, just make it simple, just get back to your so call IB or Mini IB the day they took deposit from you, and ask them to take responsible to payback your hard earn money.
If they fail to do so, just make as much police report as possible and follow up the case until they are snap by police and open a case.
Dont listen to watsoever reason, i dont take your moneylah, its the broker to this an that to uslah, i am the victim alsolah…. But, please remember, did they take advantages from your money?
yes they did. So jaus Act fast.
@Mani
@needhelp
Fxunited transferred my funds from wallet1 to other wallet by themselves, I did not do anything.
Also for my family members at different dates, they are doing it batch by batch I suppose. So I guess we just have to wait but I have a positive feeling it will happen soon.
So just be patient guys and once you get your money just run away as far as possible from fxu. For me I resigned to the fact that fxunited can pretty much screw me and not give my money back. But I am not losing any hope.
As for the closing of manual trading accounts, I think it’s again fxunited way of ‘getting out’ from the old system. They pay quite a lot of affiliate bonus in the past – that is they are giving the spread (commissions) back to the affiliates up to 85% of it!
So now they will change the payout scheme (lowering the commission sharing and putting a cap how much the uplines gain with manual trading). This is again a good move for fxunited, it’s sign they are making positive changes.
Again don’t lose hope. If it helps you to report to authorities the MIBs, IBs, uplines who screw you go ahead, this might make things faster and will pressure fxu in hurrying up to pay you back. Good luck.
Thanks everyone for all your patience sharing every single thing you know about this FXU.
You guys saved me! I’m 90% convinced to deposit $10k to MIB in Manila. Good thing I patiently read comments in here.
I thought they’re just old comments and surprised to find out it reached up to 600+!!! And even up to date!!!
Thanks everyone especially to Shah! You saved me from another scammer!
(I lost thousands of dollars last year with another Malaysian based MLM Co.)
Lessons learned!
PS. (Ozedit: This is not the place to ask for personalized financial advice)
FxAction Team Retreat 2017 meeting held at Genting View Resort at 8-January 2017. is an event for all FxAction Team Speakers/Trainers nationwide… This time we also included all international speakers from Indonesia/Philippines and India.
We have discussed about new presentation slide, IMA plan & international market and person in charge for previews and trainings for each country that FxAction Team would start to venture in soonest. An introduction by Dr Moorthy and closing speech by Dato Ameer concluded our event for the day…
We will start our weekly preview starting next week nationwide with new presentation slide include with IMA Plan.
For more details, participate in any of your nearest preview.
Comment from mr ganeson:
> sure soon they will delete fb comments..
screw IMA! it is loud and clear screams PONZI cant u see?! coz from the day CGAT gone down,they never paid a cent to the investors.
if they ARE in real forex trading business,CGAT wont affect any payout. if they are really gain profit from forex trading activities, they dont need to change their policies in profit sharing and affiliates whatsoever.
it is clear that their income is solely from collecting deposits illegally.they are begging for sometime, a little more time for what?time for promote this IMA and get the new investors to pay ur money..more people will become their new victim if we allow them to proceed with IMA.
its our responsiblity to stop them. they wont stop until they get the real punishment. we have to hit them hard. a slap in their face would be nice!
This Moorthy and Ameer fuckers received a lot yelling from clients when they went on roadshow for the IMA. So now they strategizing in Gentings with only their Fucked-up team.
I joined IMA because only if IMA works, we will be able to get back our returns form our previous investment.
I’m praying IMA will work so we will be getting some income again. My friends are all IMA suporters.
How do you apply for the IMA thing?
I & my friends also yet to receive our payment since September withdrawal. We are stupid enough to trust our friend for this CGAT.
Now we all stuck. We not receive a single cent in this ponzi scheme. Fxunited not clear their outstanding payments. A lot people still suffering in this
don’t just go around, complaining and sighing on ur unreturn fund in CGAT. gather the suffering victims and make the police report.
involving urselves in IMA is not the right way out as more people will become their next victims.
u guys maybe had left out ur brain when investing in CGAT before, but please have a heart to stop this ponzi from victimize others.
the only payback is to put the scammers into justice and make their life miserable instead of supporting their bullshit scheme again and make them even richer!
In the age of technology, ignorance is a choice…and I just witnessed some victims of this scam raised the bench for stupidity and ignorance of the highest order…
First you let them con you and then YOU let them insult you..and what astonishes us is, you people are taking the screwing like a boss…All the best
Reinvest into IMA to regain old investment, really???? WHAT UTTER RUBBISH!!
Michelle Singapore and Mr Tired,
Its odd that so much is said here about FXU being a ponzi and scam including how Dr Moorthy and Datuk Ameer will be investigated and arrested but nothing of that sort has happen to date. I am also surprised to see how much assurance is given here that it will happen but nothing, really nothing.
Worse or better, people seem to have received confirmation from BNM that FXU is a perfectly legal operations but may have truly been suspended due to technicalities that they should not take deposits. BNM says they would do they same as NZ if it was here but there will be no justification for arrests.
Even the case on VenusFX, the 2 datuks’ were released and now they slowly returning the money. Why? Its seems there is a link to the highest level of authority ruling the country.
So, in reality, i am not sure about all the negativity said here. One simple fact is true, the operators of FXU have not run away and they are still in contact with the depositors on a regular basis.
If it is a ponzi they should have run off by now. The best part is there no severe reactions in India where will cause a havoc if this was a ponzi or scam, similar to “chit funds” scams.
I am not saying anyone one is right or wrong but concluding that everything needs careful analysis before any rash and irrational decision are made. Enough is sad already so far, and we all appreciate the warnings but now we need to see something concrete.
Just imagine even in Singapore nothing has happen against FXU!! So, what does that tell us? I dont know.
Please do not shoot or insult me, i am only stating my opinion. If you like it, accept otherwise just ignore. Thank you.
not really because, well, it’s a scam. lol
yet you couldn’t do the same. guess it’s hurting your recruiting.
That never happened. Regulators don’t approve business models or individual companies.
The rest of your commentary can be summed up as “If it was a Ponzi scheme, it would have been shut down by now.”
This is a common enough cliche trotted out by Ponzi supporters. Whether regulators shut down a scam has no bearing on it being a scam or not.
That is determined by the scam’s business model. Which in the case of FX United is a Ponzi scheme.
I guess the lure of extra cash blinded my judgement, too late to regret but I was told by my sponsor a few hours ago that payments are going to be made eventhough we have not applied for IMA.
Well, remains to be seen, if I get my money back then it’ll be a miracle, some naive people actually believe so. If I don’t get my money back then may the people who took it face their karma. Will never do something this stupid anymore!
Mr Mani…it is nothing new that the ponzi heads and scammers get set free.there are so many scammers from previous ponzi schemes a long time ago still live freely. some still going strong in their ponzi ‘businesses’.
ask urself,why is it happen?because we are the citizens of courteous and full of forgiveness..ignorances..when everybody is finally put the blame on ourselves for investing in such stupid investment, we feel humiliated and decide to keep quiet and let go of the case, take it as a lesson.
thats better, imagine there are many who are not regret and still put the money in other game, try the luck and hope to be rich. that is us, Malaysian.
so does it mean that these scammers are right?they are not scamming people?keep in mind that scam doesn’t mean that one dont get paid.. but they get paid from the wrong source.
the ponzi business model is always ‘people get people’.. so it is not the company or the business who pay ur bonusses and etc, it’s other people money who pay for everything. included the marketing, free trips and vacay, expensive cars, massive houses, lavish lifestyle.. it is all on the people’s hard earned money.
this could be going for a long period until something happen. this is the proven way of making a lot of money in a short period of time. thats why they never quit. they know how to play the game and play it very well.
now, is it healthy for our young generations? graduates also among of many who involves in these. they got the wrong idea of ‘business’ and really think that they are really doing business but the only thing they do is headhunting. what kind of business is that?
yup, i agreed about this has to be related to the the higher level of authorities. i kind of agree that the law enforcement in Malaysia on this is very very weak. no effence, but just look at 1mdb. not going to elaborate more about that, huhu.
but whatever it is, i believe with people’s voice and unity power, these ponzi shit can eventually be controlled.we are in the era of technologies with social media and so on.
it is very easy for us to spread the awareness on this. this is not healthy for our future generations and our nation. so, take it as our responsibilty to stop these selfish scammers from going forward.
Actually these type of scams are nothing new. In the mid 2000s there were other similar scams running on the same modus operandi.
Exactly same just the instrument used and the name of the scam was different. Its called HYIP scams. They came with various names like ABFund, E-gold, etc. Many many names but operating on the same member get member ponzi scheme – where the old members are paid using the new members money.
It was self sustaining until new members stop joining and caused the whole thing to collapse. Alas, the website which is the only thing the operators of the scam had put up. When it collapsed they made the website inaccessible.
The funny thing is that the website was badly setup with grammatical error and not even a phone number was used.
Many had been victimized due to the easy money greed. They had promised 1% deposited daily into your account.
Many were so attracted to the seeming easy money scheme, driven thru their greed started dumping more & more money into it. Some even mortgaged houses or took loans and were badly hurt.
This fxunited is just the same today albeit a different name and riding on the forex instrument to give it somewhat of a legit ring to it. Alas has proved to be the exact same scam.
Anyone remembers ABFund?
As long as people are driven by greed and lured by easy money, especially getting outrageous returns for doing nothing but sign up down lines, these schemes and scams find fertile ground to live and thrive until it collapses and re-emerges under a new name.
People will always fall for it as long as they have greed and knowing this the scammers will always be around too to get these low lying fruits. Its not for nothing that they have the saying “fools will always part with their money”.
Hope those who got burnt will wisen up and warn others in future as this will definitely be a repetitive matter.
I wouldn’t use the word GREED! A leader stealing from the nation and depositing the money into his account is GREED!
To many of us, the presentation was really convincing. I really felt it was a genuine scheme which had been devised and felt there is no harm depositing more money into it.
Many people who had deposited earlier found the returns good and we went in believing the scheme is well planned, genuine and a true source of high returns!
Call me IGNORANT, and i agree but not greedy!
Today, that it seems to be not working, everyone turns out to be an expert in such schemes but where were they in the beginning?
I agree with Tired. I was also not driven by greed. Greed is the desire to get the best without any effort.
Do remember that some of us have it more difficult than others. Some of us need to grab opportunities for our families. Sometimes, you get burned and all of us who lost money simply got burned.
The only solution now is to fight back and not criticize the less fortunate just because your financial situation is better than others.
@Tired /@Michelle – I wish YOU TWO (and other victims, of course) could get your messages and stories out to all the very active ponzi/ pyramid/ HYIP’s victims in Onecoin and other damn scams :/
Tired and Michelle,
dont get us wrong here.. the main purpose is to spread the awareness among ourselves, most importantly for the people closest to us, friends and family.
we are not here to blame the victims like you guys.frankly, ive been attending their BOP once long time before.. and i get how many people mesmerized with their talk, especially people who never been exposed to these kind of schemes before.
they got speakers who have been trained to brainwash ur mindset. so positive,so promising. if we would call anybody ‘greedy’, it is most definitely to the head of the scam and their frontliners who do the headhunting in full throttle made people like you guys their main target.
they know, the struggle and hardships of nowadays life will be the key to headhunting process. everybody wants to provide the best for the family.
remember, u guys are the victims, not to be blame. but once the eyes are wide open, together we have to do something to makesure that the scamshits pay the price!
Dear Michelle & Tired,
Please be assured that nobody is against you and no one is looking down on you.
All we want you to know is, Fxunited crime is a personal violation, which resulted the trust in your judgment and your trust in others is shattered. We are sure that you are feeling a sense of betrayal, especially if the perpetrators are someone close to you.
You are not alone when comes to the suffering experienced due to fraud/scam. We know how you exactly feel and that is the main reason we started the crusade against this heartless bastards.
There are many whose financial security is destroyed by these filthy bastards and we need to stop it right now and take the necessary action to punish them.
These fraudster know very well about the psyche of scam victims and they are capitalizing on it. They know that you are ashamed of yourselves for allowing them to take a ride on you, they know that you are now at the lowest point in your life physically, mentally and emotionally/spiritually.
They know you will not proceed with any form of legal or remedial actions due to your insecurity, loss of self-esteem and dignity.
THESE BASTARDS ARE CAPITALIZING ON YOUR DEFENSELESSNESS AND YOUR WEAKNESS.
Firstly, it is normal to go through a trauma after you are scammed left right and center, but now how long do you want to be traumatized and feel victimized?
Just remember this, you are not unique to this situation, many who are going through life transitions have become more vulnerable and these bastards/con artist and mother#@$%er can spot that and cheat them. So in a nutshell anyone can be a victim to scams.
Don’t let Guilt, Self- blame, Shame, Depression, Sense of violation, Isolation (suffering in silence) and Social stigma (victim-blaming)” stop you from screwing these bastards and give them their own medicine.
Now the big question is, how long are you going to keep quiet and suffer in silence?
Who is going to help you? Regulatory body – No, Neighbors – No, Friend/Family –No
So the answer is, the only one who can help you is yourself.
When we started writing and warned people about these bastards, we were ridiculed and some even laughed at us saying that we are a bunch of losers.
Remember when we told you that you have to hunt down this filthy animals one by one and take back what is yours. There are no other way except to force and compel them to return what is rightfully yours.
Now, watch the videos and you will understand why you must hunt them, humiliate them in public to get back what is rightfully yours.
These filthy son of bitches don’t deserve any respect, so don’t worry, there is no morality when you declare war against this bastard. Just whack the shit out of them. Please watch the video and see how this Fxunited IB bastard reacting upon getting caught by the victims.
youtube.com/watch?v=sSdZ1uXO2A0
youtube.com/watch?v=B-HDWABTaOg
youtube.com/watch?v=fvnmUKwrKNI
youtube.com/watch?v=PFrFLoF2wf8
DO WHAT IS RIGHT, TO REDEEM WHAT IS RIGHTFULLY YOURS. THESE BASTARDS NEED TO BE STOPPED.
NOW HUNT DOWN EACH ONE OF THEM WHO DESTROYED YOUR LIVES AND DEMAND WHAT IS RIGHTFULLY YOURS.
Yes I was also approached by my ex-colleague and tried to get me to join this scam.
As I had been around long enough to witness first hand how the previous scams using the Ponzi scheme worked I not only refused to join in but also tried to talk this ex-colleague out of this fx-united scam.
Result: I was scoffed and ridiculed and thought of as being jealous etc. My words of warning fell on deaf ears. He was too attracted by the easy outrageous returns that defied logic and appeared too good to be true.
Alas it proved too good to be true. But who will listen? Who can see past the obvious setup of the scheme that screamed SCAM from the outset?
Who will listen to the voice of reason when blinded by the pleasure of easy money gains especially with outrageous gains simply by signing up down lines?
This is what happened when I tried to warn my ex-colleague. He simply refused to listen and walked straight into it. What can one do when people refuse to listen?
Under Account Section-My CGAT Account no more record, all blank.
The same with Winst Account no more record, all blank.
Error: Failed opening connection to MT4 server-CGAT!!!
They blame ddos attack. Hahaha.
Web was secured by Cloudflare Server. Check fxunited.com DNS and its redirect to cloudflare server dns.
2) if someone did ddos attack. Server will down.. and can make it live within few hours.. NO FILES will deleted or can delete from web server.
Another excuse.. good storyline.. please check Youtube video about- ironfx ex bbc newsman video.
Same excuse.. LP issue.. server down.. maintenance.. End.. all gone..
Metatrader server not crash! or ddos attack. please check with metatrading provider (white label provider).
fx united not run their own server. just take whitelabel from service provider.
scammers comes with 1000 excuses and lies. people still believe in it and excited with new scheme IMA.
Actually people are having what I term as an optimism bias. They are hoping against hope and wishing that the whole thing will turn around and end like a nightmare that they awoke from.
It’s painful to watch so many people living in pain like this.
has anyone recevived any cash? The promise was to start paying the old investors by end of January 2017
Bro Tired…
Please accept the reality that FXu is bad dream and there are no fucking ways ur ginna get back ur money…it is gone and fucked for good…
The only reason this fucking scam is going on and without any legal action… it is because people like you do want to accept the reality that U ARE FUCKED…. and those who are psyched by these scammer bastards to believe if they are going to the authority.. they will lose everything…
Just for your info bro/sis… ur already fucked… JUST PROCEED TO FUCK THEM LEGALLY…. period.
nothing new.some get paid.we not sure who this people.provide screenshot to public and make sure everything is ok.
1) screenshot from user panel – admin can do it.with dummy data. must show money in bank..not from their own created system.
2) keep republish same old excuse.they made mistake.then put on blame in system/server.
investors 95% not computer savvy! so, whatever they said , we have to listen and say OK. please check company news.
3) if they practice FIFO or LIFO method.they can make payment easily. How?
if the system not have this function( since fxunited keep changing their terms and plan each every day 🙂 ).. system developer can add additional script which link to main database and query and release payment automatically with just one button. please check with any system developer, this can be done or not.
4) if they make payment manually, you have to wait for another few months.. they mark your calendar.. 1 year no return payment.
they still depends on IMA. money in, you guys will get paid. if not, just listen to them. invest more cash and keep refresh your payment panel for “approval” text!
5) be careful with FXU warning, saying that they will close account. Final close down excuse.
1st put blame on competitors –> blame BNM –> Blame LP –> Blame System -> Facebook user –> MT4 –> system again.
this kind of shit has been mention again and again.. they are using IMA to generate more money.
wake up guys!cant u see the ponzi in it!? money in, u guys will get paid,RANDOMLY. sadly,they will choose who get the money first.
of coz their loyal frontliners will get paid first. others keep waiting like an idiot.
open ur eyes,neither manual trading nor autotrading will pay ur millions dollar bonuses! its ur money pay the old investors! its ur money that pays for race event sponsorship wut the hell..!
its ok to be fooled once by cgat. but never again with IMA! oh, come on…
Hi,
Can somebody explain to me how the Datuk Ameer and Dr Moorthy are still doing it even though many reports have been filed with BNM and the Police? That is what is puzzling me.
Previously, i heard they were both summoned by BNM and then let off with merely a warning not to take deposits. That was it. So going legally against them, would it generate anything at all?
I have a lawyer friend whose cousin is a lawyer in NZ. She had actually verified that there is large sum of money frozen in a bank in NZ under United Global Holding Ltd. It appears that UGHL was frozen as they contravened the banking regulation of taking deposits, same as BNM.
Some one can advise here?
Malaysian police are lazy (see: uFun/uToken disaster)
there are thousands if not hundreds of this scheme and its kind..and do u think the police will prioritize the cases that involved the human stupidity of putting the money into illegal investment schemes?
if u want a quick respon of ur reports, gather ur fellow victims all over the country, get the reporters involve. do the publicity.
do it urself. viral them. humiliate the scammers. let the nation know each of their faces and what they do and how much money they have taken from you.
whatever u do, just dont let these bastards live freely. they maybe have become rich with ur money, but dont let them live in peace.
people are still supporting this scam.must remember something. MONEY is taken.. its stuck there.most of them never talk about this scam with authority.
if you deposit your money direct to bank acc and they must issue receipt. this receipt is used as proof.
2) your money not gone. if police/BNM investigate, they will say, money still in e-wallet. come and check each every investor panel.we showing them money. they still can see USD money sign and numbers!
3) when this scam reached Malaysia Authority, FXU request new investors not to bankin direct to Bank Account.recently they change payment method to Perfect Money and Bitcoins. Remember Bitcons is created to deal with unverified and illegal digital currency .No bank authorization is required to transfer money.
4) If you complaint to Malaysia Authority .. 1st your money is gone.dont ever dream that you can get it back. second, they can charge investor too. investing and support money laundering. Police will tell you this when you lodge police reports.
5) Scammers always take advantage in weakness and hole in law. you can make Billions but, when you get charge, fined 500k. yuuppp!
PEOPLE MUST CHANGE !! ..1000 FOREX SCAM..10000000 LIES . 100000000 IDIOTS BELIEVE IN IMA
ps: Lawyers can verified money frozen? are you sure? please check again with NZ. NO LP and no New LP.. they want make it everything secret?
Malaysia SSM rules: Must provide/display full details of your company details + contact details in website or premises. if you want keep everything as secret, to protect LP. dont run this business.
** NO OFFICIAL PRESS RELEASE (CALL MEDIA AND EXPLAIN TO THEM) ONLY ONLINE AND EMAIL ANNOUNCEMENT. YOU DONT KNOW WHO OWNED THIS COMPANY.
Dear FXunitedinfo,
I think you should stop rattling. I dont think you know what you are saying. What do you mean “ps: Lawyers can verified money frozen? are you sure? please check again with NZ. NO LP and no New LP.. they want make it everything secret?”. The lawyer has sought information from the LP and also their legal circles. That’s how they know.
You also said “Remember Bitcons is created to deal with unverified and illegal digital currency”. Stop living in the stone age. India has gone cashless using digital currency. So stop saying things you dont understand.
If you dont know the answers to my question its better you keep quiet. Appreciate it, thank you.
Mr Mani.
Do you know that bitcoins is not legal in Malaysia or india? RBI and BNM declared bitcoins illegal. So stop talk bullshit.
India start to practice digital currency. Are they talking about bitcoins? If RBI say NO.. follow it.
If you want do business, follow rules. Dont simply divert and guide investor to invest in Bitcoins.
If your so called lawyer friend talking about LP. Ask LP to pay back investor money. You guys Will to do anything for money.
If you dont know whats going on in fxu.. pls keep quit.
Keep promising invenstor.
Mr Mani and everyone else who still believe in this fxu shit, have u ever ask urself or at least do a little investigation why and why?
after these Dato’- Dato’ of fxu been warned not to take deposit anymore, suddenly they change their game of plan. out of the blue, they start using the perfect money and bitcoin?looking so desperate?! why eh? ever wonder?
besides hearing bullshits from their mouth about LPs, money been frozen, bla bla bla.. y dont u juz doin the logic thinking a little bit harder using ur Godgiven brain?!
A so called ‘legit’ business and money maker, the biggest forex investment company in the world as they say, a world phenomenon in forex industry and so on and so on, have to go against the flow and against the rule?! is this make sense to you?
have they ever present their audit report to the authorities? who is the boss actually? the shareholders?
having a SSM license to do business is not enough.many scammers use this as their coverage.its only on paper. the company is just a shell to cover all the dirty jobs in it..
This round, FXU made payments totalling USD9 million (claimed by FXU) we not sure its true or not. They already paid, so no more money.
Fxunited did auto reject for all withdrawal request.
check my post on 16.2.2017. if they can do auto reject why they not set system to FIFO or LIFO payment flow by auto?FXU No money and depends on new investor in IMA. No cash in.No cash out. Please go organize new talks in Penang, Kuala Lumpur , Johore, Singapore.
im pity with investors. too many announcement but all back to old stories. next round they will blame and give excuse telling that, payment delayed due to global warming.
there will be bunch of monkeys protect and not question their lies and stories
Good Luck.
Fraudsters often pursue frauds or scam for low sums of money that make reporting to the authorities unlikely by the victim but in the case of FXunited the sum cheated is huge yet the victims are keeping quiet.Amazing Malaysian and Singaporeans.
To all who have been robbed by these bastards and motherfuckers please understand the following:
1)LP – Just an imaginary entity created by the Scumbags
2)UGHL Revival in NZ – Another Cock and Bull Story
3)Payback – Don’t Dream You Will Get Back Your Money Back Unless You Pursue and hunt down the bastards personally to demand your money from them.
4)MIB’s and IB’s – Cunning Bastards
5Investors – Still believing in their bullshit like a child, it is so fucking pathetic.
Conclusion
The investor do not want to disturb the equilibrium and create another wave of uncertainty by elevating the fraud to the next level by reporting it to the authorities. The victims are still hopeful that their money will be returned by these scammers………….”DREAM ON”….
CAN’T YOU PEOPLE SEE WHAT HAPPENED TO DATO MOTHERFUCKER RAJA@PANDEYAN WHO HAS GONE MISSING AND ABSCONDED WITH CUSTOMERS MONEY.
JUST BECAUSE THESE FUCKING MIB’S, BLOODY SCUMBAG AMIR AND ZULFAIZAL IS AROUND UPDATING BULL SHIT NEWS, IT DOES NOT GUARANTEE THAT YOUR MONEY WILL BE RETURNED.
THE ONLY OPTION YOU PEOPLE HAVE IS, GET TOGETHER LIKE VENUSFX VICTIMS AND LODGE A POLICE REPORT AND MOVE IN BIG GROUPS TO BNM & PDRM NOW BEFORE IT IS TOO LATE…..
AT LEAST YOU WILL SEE SOMETHING.
HEARD VENUSFX VICTIMS WILL BE RECEIVING THEIR INVESTMENT..
SO DEAR VICTIMS, PLEASE PROCEED WITH LEGAL ACTION TO RECOVER WHAT IS STOLEN FROM YOU.
AS FOR THE MIB’S AND IB’S, MAY YOU FUCKS ROT IN JAIL FOR A VERY LONG TIME..
The charade and buying of time continues to the next Level. Now FxUnited is saying that ALL Perfect Money withdrawal requests will be CANCELLED!!!!!
Everyone have to re-start the withdrawal process using Bitcoin. The lame excuse “Perfect Money unable to handle the large volume of transaction requests”.
This excuse is the most fucked excuse ever. Perfect Money is the perfect platform and conduit used by global money launderers and tax evaders to transfer monies from bank accounts to bank accounts.
Perfect Money stands to gain millions of dollars worth of commissions if they facilitate the transactions and we don’t see why Perfect Money cannot facilitate the hundreds of thousands of transaction request over the next two months.
The reason given is a red herring. Soon they will say the same about Bitcoin is unable to handle the large volume of transactions. In the end you will not get your monies back! We have warned you many times already fellas!
Congratulation buddies!!!!
There are for some of you who have listened to some good advise and started harassing one bastard IB who is on the run..with the advent of technology, HOW FAR CAN YOU RUN,YOU BASTARDS AND MOTHERFUCKERS?????
This fucking IB was caught by this group and they were hard on this bastard and guess what???? This motherfucker reimbursed their deposits to all those who were present right away…no such fuck as PM or BTC….hahahaha.
NOW DO U BELIEVE US…THE MONEY YOU DEPOSITED WAS NEVER WITH THE LP, IT HAS BEEN IN THE SCAMMERS CO ACCOUNT ALL THESE WHILE, OR ELSE HOW CAN THIS BASTARD PAY THIS GROUP ON THE SPOT.
So now you guys are aware rightl, monies are locked with the MIBs and IBs and not some fairy tale LP…
We hope more people will hunt these bastards and go hard on them and recover what is rightfully yours….
Our suggestion…FORM A GROUP AND CAMP OUTSIDE THESE SCAMMERS HOUSE UNTIL THEY PAY YOU….
It is indeed very effective..TRY and you will be amazed how fast you can recover your money.
All the Best
Hi shah, yesterday we just had a meeting with dato ameer, and i can conclude that he is not going go pay us back.
Eventhough they Say they are going to pay us back breakeven by paying 3% out of our capital first. Which a bummer. All my group are still beliving in what lies they are telling.
I know everybody wants their money back. I pretty much want all the fx emfiften rotten in hell.
In the meeting everyone is like pokerface and i spot all of this is bullshit the moment they talk. Please tell me shah what can we do if So i already reported to BNM?
@Fxsucks
Simple reasons why these fucktards are still lying and taking everyone of you for a great ride:
1)You people are still hoping that all is fine and dandy and one fine day, these bastards will pay all of you.
2)Indirectly instilled a sense of fear that if you complain to the authority you will lose everything.
3)Constant communication to potray they are a caring fucking company.
4)Random and selective payments to members which is mainly done for crony groups and IB’s…
HAVE YOU ALL ASKED WHY CERTAIN GROUPS ARE GETTING PAID,EXAMPLE ZCT GROUP BUT RAJA AND MOORTHY’S GROUP IS FUCKED?? YOUR GUESS IS GOOD AS MINE….
Bro, this scam has reached its expiry and to fully knock it down, you just have to hit the right point and the ULTIMATE TRUTH WILL BE OUT.
Another lie is that big people are involved, let us tell you…No such fuck as big people and VIPs are involved..its just a scare tactic..
As at now from what we have gathered from our sources including BNM and PDRM, there aren’t anyone or group seriously pursuing this matter…all trying to play safe!!
NOW YOU GATHER YOUR PEOPLE, LODGE A POLICE REPORT….GO TO BNM AND GET THE ONLINE PORTALS TO COVER YOUR STORIES….THEY WILL BE GLAD TO DO SO…Get a spokesperson and reveal the details of the report to the media…..AND U WILL SEE THE POWER OF MEDIA..
WHEN YOU DO THIS, YOU WILL SEE HOW THese DOGS WILL COME BEGGING AT YOUR KNEES FOR SETTLEMENT….In the case if Venusfx, we have seen how these scammers are begging to settle the members money…IT IS SIMPLE LOGICAL EXPLANATION..YOU JUST DUPLICATE WHAT VENUSFX MEMBERS DID and you will see wonderful results…
All the best to those who are suffering due to these heartless leeches and bastards.
This is getting a bit repetitive.
Gullible victims of FX United, your money is gone. Malaysia is terrible at Ponzi regulation so don’t expect much from authorities.
Pending any actual updates, I think this scam is done.
Excellent Oz.. unless there is something significant, there is no reason for any updates or ranting..
Oz,
Please be informed that the Companies Act 2016 [Act 777] and the Interest Schemes Act 2016 [Act 778] has been published in the Gazette on 15 September 2016.
New Law/act passed by Malaysia Parliament on 31st January 2017. SSM cant do anything or take action without refer to law.
FXU played their scam cards. NOW.. GET READY and soon get F**k.
pls check: utusan.com.my/rencana/utama/akta-778-hapus-pelaburan-tipu-1.444949
Months of pending withdrawals through Perfect Money now had been auto cancelled by FX United.
New wallet 1 withdrawals only through Bitcoins which are much more complicated. It just feel like playing monkey with us going round and round with nothing.
Totally agree with TonyL! These bloody scumbugs are treating us like shit!
If I get hold of any one of them, I promise to give a tight slap first and then listen to their lies!
Since FxUnited has unilaterally cancelled all your Perfect Money withdrawals using a lame excuse and request that you resubmit new withdrawal request using Bitcoin, it is a very clear indication that they do not have liquidity, i.e. your capital is gone.They are just buying time to prolong their scam on others.
They are now trying to con you by saying that they can pay at most 3 to 5% of your outstanding amount owed every month or every six months.
You need up to 3 years to 16 years to recover your 100% of your capital and by then the scammers will be gone and start with a new scam under a new name.
For Malaysians who are contemplating making a Police report, please refer to this FB page link: facebook.com/FxUnitedPonzi/posts/1043169765787393
Just like the Hotel California’s song lyric goes “You can check out any time you like but you can never leave”.
Same with our money “We can withdrawal any time we like but we can never get our money”.
Wonder anyone get paid during February-April 2017?
please do not follow “FXU Info Exchange” page. fb page created to promote, gain trust and mislead public that FXU is good and people can have hope that money will paid.
page admin playing good role, block/ban user whoever question or reveal true story. Admin should know, with your screenshot post, saying people get paid wont solve FXU problems.
after PM now BTC. After BTC? want use shit to pay us? spend more time to educate people how to transfer money using PM>.then now guide to use BTC.
I can’t do anything now but I swear, whoever is holding our hard-earned money, may they use it to buy their coffins.
No use threatening anymore, they are laughing to the bank.
Hello, I really don’t understand. I get paid by fxu regularly as promised.
For example today I (and 3 other family members), received payments from fxu using either Perfect Money, Bitcoin or via MIB, all from either wallet 2 or wallet 3.
I wish you’ll get what is rightfully yours. Good luck.
dear jazzy, sure got pymt from wallet 2 & 3, what is our concern is wallet 1…
till now no one get the pymt… pls dont let pe0ple around get more stress.
@Jazzy
Are you trying to mislead and pull wool over the eyes thousands of affected victims by spreading disinformation and cause distraction and confusion from the core issue?
The core issue is that all payments via Perfect Money of outstanding amounts from CGAT in Wallet 1 has been unilaterally cancelled by FxUnited on 1 March 2017. FxUnited has promised to pay up the affected victims since September 2016. Now all outstanding withdrawals from Wallet 1 has to be done by Bitcoin.
Thousands of victims had painstakingly spend their time and effort to set up their Perfect Money account and get it verified taking the risk of exposing their confidential information to an offshore company. Why the significant majority of victims used Perfect Money more than 6 months ago?
The promise by FxUnited IBs and MIBs of payment of 2 to 4 weeks for Perfect Money vs the payment using Bitcoin of between 1 month to 2 months naturally has caused a very significant majority of victims to use Perfect Money instead of Bitcoin. This is the strategy of FxUnited to naturally induce people to use Perfect Money and then using a perfect but lame excuse that since there are too many using Perfect Money, there is insufficient funds and the Prefect system is unable to handle the large volume of outstanding transactions.
Even if they switched to Bitcoin subsequently FxUnited is unable to keep to their promise and can only pay a pathetic 3% of amount invested. Investors can only recoup 100% of their capital after at least 33 months or maybe eternity.
Dear All FX United Scam victims:
i am a full time trader, allow me to explain what is a true forex brokerage. 2 types, real ECn broker and market maker, both are regulated.only the difference is ecn broker instant exercute your order and put it to the market.
by the way, market maker brokerage will take your trade by the own, means they play win lose against you, not the market.
Sadly, FXunited not even in these 2 catogories. who are they, you make the guest.
Now, we talk about depositing and witdrawal. 90% of the brokerage taking deposit can be in all kind of method, credit card, wire TT, Netteller, or perfect money, BUT, i can assure one thing that they all practicing “where it come, where it goes” means, if you make depositing by credit card, withdrawal also MUST go back to your CC and etc.
so, again, FXunited seems not in this channel too, again you make the guest, who are they than?
and now final stage, How long the money will reach to you? yes, it only take 24-48 hours to reach your bank. and again, fellows, wake up you have been conned.
i have been follow this channel since i have a friend also a victim of FXunited. and when i walk throught all the payment method you all share and some says have been pending 3-4 months and the interesting part is FXunited can simply change the method what ever they like.
from there on, i know all this is just a clown show. wake up fellows, all your money is gone. you should get back to your Introducer instead, because they are the one cheat on you at the first place, and they took advantage from your money.
actfast, you are right.
i have posted what you said and “FXU Info Exchange” fb page calling me as FXU Hater! Rofl! FXU investor never do research and check when money can be transferred to their acc.
Recently FXunited received best outstanding company news with lies Oscar Award. congratulation.
Money is gone!! thats all.
we are here not as haters. if you guys think we are wrong.. FXU is purely valid business. proof it. dont simply create facebook page and spread lies.
Remember something, its others money. hard earning money.with your lies people can end their lives. dont give false news and give them hope. learn from VenusFX.
Hi Anti-FXU, not meant to confuse and distract.
I was just wondering why there are still issues when I get what is due to me from fxu.
In my case, fxu transferred funds from my wallet1 to wallet2 by themselves, I did not do anything. From wallet 2 I could withdraw the funds to BTC/PM/MIB.
This procedure is I guess then it varies from country to country..
I really hope you get all your money back guys.
@Jazzy
There are still issues because tens of thousands of investors in Malaysia and Singapore CGAT investors have been cheated of their monies since June/July/August/September 2016.
The scumbags in FxUnited came out with various lame excuses to justify their delays of non payment for CGAT in wallet 1.
If they are paid they are paid a pathethic 3% every one to six months and would take many years just to recover their capital. Investors in the new IMA scheme do not face problems yet because the pyramid scheme is still new.
Give another two to three years the same problem will surface. FxUnited is a ponzi and a scam disguised as a Forex platform. Even their MT4 platform is a scam and has been not working for the past two months.
FxUnited can still talk big about being the “number one money making machine and forex broker in the world”. Pure Bullshit. Enough said.
Check today (Ozedit: Please don’t regurgitate Ponzi nonsense here)
I had invested in fx united on august 2016 and still I did’nt receive any money dame to my wife she also did’nt receive any.
@Dr. Moorthy still how long you keep on saying that withdraw very soon going to approve???
What about fxu indonesia? Never hear any complaints from there…
Indonesia people has been lied by other ponzi.. same methode… stupid bussiness!
it is so sad to hear that u guys didnt get back your money. the truth is fxu is just a scam company hiding behind forex. fxu is not even a broker.
dont waste ur time anymore waiting to get back ur money. they wont pay u guys even a single cent ur money.
please lodge a report to any related enforcement agency.
In Indonesia, the same model bussiness victim reported to police, now boss of the bussiness has been arrested by police, even leader/ recruiter also been arrested as well. Even the money never be back, at least the liars pay the price what they did!!..
VenusFX had been clamped down by Malaysia authority. Maybe FXUnited will be next.
Thanks to Malaysia Authority for take down the forex scammers after receiving more than 400 police reports from VenusFX victims. Fxunited investors also started to make police report. thats good.
Authority can help get your money back if only you guys make police report against your leaders, people who invite you guys to put money in FXU.
as i mentioned earlier, FXU Info Exchange is set up by fxu scamdogs. they too excited with 300 likes. being rude to those who invested money in this scam.
people get frustrated. treat them nicely.dont simply ban them.KLFXU Justification page received more than 1000 likes within 1 week.
any comment on this? dont hooo ahhhh ok! (Ozedit: English only please.)
please make police report against MIB,IB,Mini IBs and people who invite you to join this scam. act now.
stop wasting your time in BTC. they can introduce new scheme and payment method.end of the day. no money!
this is my last post in behindmlm and i will do my second police report this evening.
@FxUnitedinfo
KLFXU Justification page is a shill FxUnited site with direct vested interests with FxUnited.
Their recent legal approach using the “notice of demand” is another ploy to deceive victims from lodging police reports.
read the “notice of demand” carefully and note that nowwhere in the demand is for monies to be paid by a specific date. Its only demand for explanations.
The MIB, IB are owners of FXunited themselves and they are sending the notice of demand to themselves. what a joke.
KLFXU and FxUnited are controlled by their top MIBs, Ameer, ZulFaizal, Elfy and gang.
I just found this on FB. facebook.com/FxUnitedPonzi/photos/a.962362713868099.1073741829.958134024290968/1054365228001180/?type=3&theater
Wow, unfounded assumptions and twisting facts.
I do not work for fxunited. I am just one of you who took the risk and invested with fxunited (knowing full well there’s a big possibility I’ll never get my money back, high risk high reward, huh!)
I think I get lucky. Reading and knowing all these make me wary though of investing more in the future in these schemes. Until I get all my family’s money back I am looking into investing in hard assets (real estate) or physical micro-businesses or just continue to invest in ETFs/Mutual Funds/Stocks.
There are other options guys, lower returns but lower risks.
Control greed. Lessons learned.
Hi Anti FXUnited,
You mentioned that KLFXU n Fxunited are controlled by top mibs. How do you proof or confirm that?
Have anyone managed to demand back the money from their ib or mini ib?
I thought of going to get a few more investors to meet at my mini ib’s house n demand for the money back. Not sure is sure successful or not.
Fxunited crime Is Epic because it is outstandingly bad and shocking criminal frauds ever happened in Malaysia.
To pull off that massive scam, Fxunited needed help and they found it with other criminals from New Zealand, Cyprus and many other places. These SOB are major money launderers. They cheated, lied and convinced the victims that their investment are ultra-safe.
These SOB Ameer, Zulfaizal, Zulcekak, ELfi, Raja (Pandeyan Maruthamuthu) his wife (Gouri) and his equally evil daughter mini IB Abhinash Pandeyan, Dr Moorthy, Peter Tan and the rest of FXU criminals are shitting in their pants already. They have opened a facebook page called KLFXU Justification Facebook.
Apparently, the page is opened to seek justice and redeem the investors’ money via legal means and to provide current updates on FXU scam.
This is a ploy and trick to hoodwink the victims and at this point the scammers are acting as though they are also the victims of this scam.
Too much of drama, now for all those victims the end is near, I believe it is going to be the biggest scam in Malaysia.
Just do a simple calculation, Venusfx came in after FXU and it raked 80 million with 23,000 victims and in a very short stint, these fuck managed to con so much and comparatively FXU bastards came in much earlier and just imagine the amount of money that they would have stolen from the poor victims.
This thief is conferred a Datukship… LOL.
What is his contribution to the community or nation?? A bloody heartless swindler is accorded a honorific title…SHAME ON YOU MUTHAf***&r
PORTRAIT OF A THIEF FAMILY, FATHER, MOTHER AND DAUGHTER:
facebook.com/photo.php?fbid=1016903195071768&set=ecnf.100002562902896&type=3&theater
facebook.com/photo.php?fbid=1017606925001395&set=ecnf.100002562902896&type=3&theater
facebook.com/photo.php?fbid=1017681094993978&set=ecnf.100002562902896&type=3&theater
Datuk Pandeyan and the rest of the FXU Datuk’s, the time is nearing for you all to face the music for your crime towards humanity.
Datuk pandeyan prefer meet as personally rather than in a group of meeting. His reason is more efective for explaining. Lucky i never believe him and this kind of bussiness!
An interesting story for you guys, please refer to the link below to see how this sly bastard Allan and May from Fxunited Philippines were caught with their pants down. LOL!!! Game over buddies!!! Pack up and Fxxxk off to the place where you rightfully belong, Jail.
gulfnews.com/xpress/news/new-scam-stay-away-from-forex-convention-in-al-barsha-this-weekend-1.1971649
I had some free time the other day and decided to curse and bitch again. Look at the reply they sent me.
Victims Fxunited,i think that’s the wise effort to do..gather ur team of cheated investors,go to the miniIBs’,leaders’ or even the Dato’shits’ residents and claim ur money directly.. if they refuse to pay back, then dont waste ur time, just go directly to the respective authorities and make the reports..
this is the time, exactly the right to bring down these bunch of ungrateful heartless scamshits, after venusfx collapsed.
they are living the lavish lifestyle with ur hard earned money and you guys do nothing about it? come on.. u may lost all ur money to them but at least have some pride to not let them get away with that…
My friend who invited me join fxunited was angry when i rejected this bussiness. Seems this bussiness also make worst relationship between friends… people will sacrifice the relationship only for this kind of busdiness!!
Some interesting news for you victims, see for yourselves how you people are f#@$*ed by Fxunited.. How they laundered your money and here you are sitting and hoping for miracles that they will return the money soon and all that LP and excuses.
twitter.com/intel_jakal/status/798070705258532864/photo/1
imgur.com/a/8lkAg
685 comments and discourse in this site, yet the victims are still daydreaming….OMG!!!!
They say there is no harm in daydreaming but here you people are fucked yet you are humble,trusting, hoping, open and plain stupid…Period
Why till now there is no any action taken by local authority to put then behind bars…..
I’m counting… hope it will happen soon…
Soon the same goes to you …good luck too
Is this the end of it all?
freemalaysiatoday.com/category/nation/2017/04/10/reports-filed-against-vip-couple-over-alleged-forex-scam/
Won’t be over till they arrest the couple. And even then where they’ve hidden invested funds is anyone’s guess.
I have little to no confidence in Malaysia’s judicial system.
Just sharing,
We had made police reports and update to BNM…. but no action taken to IB’s.
So the authority is supporting them to victimise more ppl.
I dont understand this….????
Cannot login to cabinet. The end?
If really gone case then victims can proceed with necessary action wholeheartedly. No need to wonder when payment comes in.
Guys
Is there any grp created for the inventors to join and get advice … any whatapps grp… ?
Anyone have started grouping investors for further actions, if yes pls share here so we can contact …
Why im asking this is coz, when ever we questioning in leaders whatapps grp, then we been kickout … cant questioning about IB’s MIB or who ever related to this…
@littleroundman
I wonder if my very nasty email to them yesterday sparked this notice. I could not log in so I sent a flaming email accusing them of being cheats, scammers etc….cursing them and telling them they will pay painfully for cheating people.
I know its useless but it was good to vent out some anger.
Michelle you can kick and cuss all you want but understand that nothing will ever come out of it. No chances of money being returned at all.
You need to give it a rest, chalk it up to experience and move on. At least you are wiser for it and hopefully will not get conned by futures scams.
As surely as the sun rises you can expect that the scammers will return with the same type of easy money lure scams. It works every time. People will fall for it all the time.
So watch out for the next ones. You could even be a warner for others to avoid these scams in future. That’s better than being a whiner. Cheers.
I have seen similar scams that went bust in the 90s after the initial euphoria of finding a miracle money minting “investment” that sounded too good to be true. And it was exactly that.
That’s why I know for sure that the recent forex scams wont be the last. The name / instrument used may differ though. Stay safe.
@151515
You guys want to nail them good??
The answer is simple. Please form a group, not a random group but an organzed group like the one Venusfx victims formed.
The group is called Rate and they appointed active committee members who are assigned with various tasks to fuck the scammers.
You can also get an online news portal to carry the news if mainstream media is reluctant to take up the news. We wrote to a leading newspaper but they did not run the news. We forwarded every evidence available but they were not responsive. Online media are willing to take this kind of sensational news.
You guys can give a shot. You dont need a mammoth gathering to do a press conference, all you need is a spokesperson and some other victims of this scam.
Go with your police report, a police report is sufficient and this will enable them to publish your plight.
Fxunited scammers are already cracking and the main scammers are lying low by closing their facebook,instagram and other social media accounts.
Zukcekak@ZCT has closed his facebook, Raja the motherfucker closed his website and currently busy producing movies in Indonesia and claiming he is an Australian citizen, Ameer is shitting in his pants, Zulfaizal is busy running his cosmetic company believing that he is invisible, Moorthy busy with his production hse and many more closures from other IB and mini IB.
These fucktards are already shivering and this is the right time to hit and get your answers.
Poor Peter Tan, Pandeyan’s lapdog has gone missing making his instagram private and many more bastards who are involved in this scam are lying low.
You guys want JUSTICE, this is the right time because the chain of deception has cracked and there are nothing more this fucks can say or do to console the victims.
NOW THE DECISION IS IN YOUR HANDS, MY FRIEND. ALL THE BEST.
As for getting the members to proceed with your actions, get credible people and becareful of shills like FXu Info Exchange facebook admin.
This bastard is planted by Ameer to manipulate the poor victims into believing all is fine and dandy. This guy is related to the scammers and a stooge who is trying to regain the vctims trust and confidence and employing delay tactics to buy more time.
Hello, I was getting worried that I could not login to fxu since 10th April.
But finally got a message from FXU admin about the transfer of Fxu cabinet (wallet2,wallet3 and deposit wallet) to another website (removed).
The fxu admin indicated in their email to clients that wallet1 remains in the old fxu cabinet. The new cabinet contains exactly the same info as my fxu cabinet… With same login details.
I saw that the withdrawals I requested early last week are still not approved… Let’s wait and see for the coming week.
Luckily we got back most of our funds, but still we (family+friends) have around 7k$ still invested with fxu, so still quite a lot. Just to give an update. Good luck to us.
rjjfx… domain and ip checked! hmm, seems fishy enough!
Please don’t post links to dodgy websites Ponzi scammers have provided you with here. Thanks.
@shah, how do i get in contact with u? Maybe we can work together to get these scammers.
By creating new platform to separate new wallets from old wallets, it is the end.
Anyone manage to login to the old platform? New platform aim to take new funding. Old platform will be left as pending till …….
Dear Victims of Fxunited, a million thanks to you all for being such good hearted and forgiving people, full of sain like qualities.
Your inaction have made the scammers bold and self-assured that they are untouchables. You guys/victims made them into what they are now, FEARLESS!!!!!
From New Zealand, they ran to Philippines and when things became messy, they made an announcement saying that Philippines FXunited has nothing to do with Fxunited.
If you people remember well, it came out from their own filthy mouth that Philippines is their new operational center and they have applied for a license from the Philippines government working together with the Filipino scammer May Advincula.
Now, you victims want to know what is latest twist to this FXunited plot???
Here you go, these immoral and heartless SOB’s have created a new very complex network of deception and fraud to complicate the investigation processes and cloud the mind of the victims.
From Rugina Begum, Brian Johnson and Priscilla, now they have moved to Cyprus and you victims have a new boss by the name of Tae Ho Kim (RJJ HOLDINGS LTD)…. SURPRISE!SURPRISE!
So now, what kind of game are these bastards playing? Who the fuck is this guy, Tae Ho Kim??? Another mysterious character!!from Cyprus.
To all victims, Fxunited is officially a “GONER” and you people are too stiff to act……….
WE ARE SO SORRY FOR YOU GUYS..
Further details on the new domain owner:
ONE LAST SHARING…
Things may come to those who wait, but only the things left by those who hustle.
Abraham Lincoln
Just a little update.
The withdrawal request (440 USD) we sent on 1st April was approved last night and I received my bitcoin just now in my xapo btc wallet.
374XXX 04/01/2017 16:14 PM Bitcoin:32XXXXXXXXXXXXXXXXXXXXXXXZ Bonus-Wallet 440.00 Approved on 04/13/2017 20:XX PM
Good luck to all guys, at least this is promising. This is from wallet3 (bonus wallet). I am not sure what will happen to wallet1 (the problematic accounts).
My experience was that my money in wallet1 was transferred to wallet3 by fxu themselves without me doing anything. I started investing in fxu in April last year, about a year ago…
Dear Mr/Ms jazzy,
You seems very lucky when it comes to this fxu mess. by reading thru ur comments, it seems like you are spreading the positive vibes for the unlucky investors (which are many) and keeps their hopes held high about getting their money back from fxu.
now one question came to mind, how can u get so lucky to receive what’s due to you from fxu?
i know several lineup in fxu who never failed getting their bonuses paid even little by little everytime. they are their IBs, miniIBs and fellow leaders who are the frontliners and will stay loyal and fight for fxu no matter what.
yes, they still get paid when many more investors and downline are waiting for miracle for their wallet 1. some even get kicked out from the whatsapp group when asking about wallet 1.
this so called international broker is so international and intelligent that they can pick and choose who they wants to pay? funny huh?
what a coincidents when the important people to fxu only get payments!? are you ONE of the frontliners but playing cool and act like a victim here?
whatever it is, just do us a favour, dont put false hopes, these investors deserve the justice for their hard earned money. yup, maybe some expensive lessons learned, but justice is yet to be claimed..
Hi truthseeker. I’m just sharing my experience as it is.
I’m not a unique case,I know personally of at least 10 other people who experience the same (no issue with fxunited earnings, save for a week or 2 delays ocassionally). We started putting investments in different months last year (me in April, some January, March, others August, September, December 2016)..
So perhaps it depends on which group of fxu investors you belong? Without revealing which specific group/mib I am under, I suppose we are in IB moorthy’s group (just a guess due to pictures I see on fb).. I would not really who’s running the company besides that?
My upline’s upline told us fxu is legit, I question this so I continue to seek out more info about this companycompany, albeit only online. With the advent of fake news proliferating the internet nowadays, hard to say.. I can only trust my experience.
@michelle singapore and others who had issues with fxu payments
Maybe we can do a little survey…
When did you invest in Fxu cgat (month year), amount invested, amount of capital still to be recovered, IB/MIB, country, wallet#?
This would really shed light on the severity of the issue? And wohld help in any way?
I’m also having issues like Michelle and many others who never get payments since October 2016.Delay and delay, with lots of excuses to be settled.
The one issue that I’ve never come across stated by the management was about the ‘MANIPULATION IN BINARY SYSTEM’.
I don’t expect it came from the client who are very clever enough to manipulate the system. Infect most of the clients only visiting the cabinet to see their payments (approved or pending). That’s all. Not all can give advice except some cursing the company saying this and that which we don’t want to here about.
I like Jazzy’s exposing his experience about the payment done by the company. Good luck! At least he has shared his experience to us and everybody. Let see what the company has promised (April).
@Jazzy
Some people are real great manipulators..They can lie, cheat and treat you like as though you are an asshole and somehow manage to make it all seems like is your fault. Dont’t fall for it ..it is the way they do it to destroy peoples lives.
So, Jazzy keep your manipulative crap with you and stop your fucking false assurance…
Now you fucking answer this question…
Who the fuck is rjjfx and why the fuck is fxunited logo is dropped from their marketing and selling materials….and why the fuck you bastards diverted the whole thing into another scam.
As for you Controller, you and Jazzy are crooks who are trying to putbup a tag team to confuse people with your innocent postings, explanation and arguments… if you only want to listen to positive things…than you better shut off all your senses and go stay in a cave..
Jazzy and Controller, we know you are both Fcunited bootlickers and c@#$ksu@#ers.
Better luck nextntime you ass@#$les.
@Jazzy
To start off the ball rolling with your brilliant idea to run a survey… are you fuc#@$&€g man enough to put up your full name… id number, residential address and your scam fxunited members id..do it…you assh@#$le….than we will get others follow…u ass of a scammer…
Controller…ur welcum to do the same… just dont post here without any solid proof….FYI …we hv plenty of poofs showing that u fucktrds are SCAMMERS!
Think we might need to tone down the aggression there champ.
@Shah. Who are you to speak like an immature idiot. From your writing I know that you are a well-versed & clever chap that can handle sorts of problem concerning internet law and protocol. But your spoken language is very very bad.
I appreciate your ideas but not your bad spoken language. (Ozedit: Offtopic derail attempt removed)
Hi. I want to ask, if i made a police report and go to BNM, how many percent i will get my money back?
I plan to report with all my members that being cheat of fxunited. I want the mib and ib go in to the jail. someone please answer this question.
Explaining the scam: MIB (A), FxUnited (B) and RJJFX (C): 3 years ago A set up B as a front.
Now in 2017 A set up C to be under B. B initially “appoint” A to be the agent in 2014.
Now B “discharge” A as the agent and appointed “C” as the new agent. A as the grand mastermind can claim they are not responsible for loss by B as they are only agents acting on behalf of B.
Getting money back from Ponzi scammers is a long drawn out process. There’s no clear answer.
@Shah, I refuse to go to your level.
Again to all, I’m just sharing my experience as an investor at FXU, take it or leave it. I invest knowing what the risks are (that I will probably not get my money back). And so far, I get the returns as fxu promised.
I don’t know who’s running fxu/rjjfx, I only know my MIB and my upline and that’s the only assurance I have in addition to my 1 year experience with the company.
When I suggest to make a survey, I did not intend to ask your private info.
Again info like: When (month/year), amount invested and amount still to be recovered, MIB/IB and country, as anonymous as you can be just so people in this forum will have soome idea how much is still owed by fxu and what the problems are.
This would warn people the risks as well… But well if you don’t want to do that, I rest my case on that one.
As bitter as I am about this whole situation. I’m still happy for you jazzy & others who have received their withdrawals. I’m not hoping for anything but from time to time I will still send FXU warnings.
@Michelle Singapore. That’s good. Continue bugging fxu until you get your money back. What did your IB say?
Don’t lose hope!
Actually this site (as well as others) has actually stopped me from investing more in fxu last year…
All systems down. Website no longer can be reached. Times up for action.
@TonyL, I received this crap from them when I complained about not being able to reach the website. Just a matter of time until they admit the scam.
@Michele Singapore. Thanks for the info. I guess deep down most of the investor’s mind already knew what’s going on and prepared for the next to come.
Still life goes on and hope for better luck in other future investments to all.
Hi everyone,
i just want share something about fxunited.
fxunited.com not under construction.DNS changed to Suspended dns. Domain is still valid and domain not expired.Domain suspended due to server admin action, they can suspend clients server if suspected to illegal activities.
You cant access to your account (cpanel/ftp) or any admin panel link to this domain.once your domain ip DNS is changed thats all.
so, stop bullshiting telling investors website will back to normal , website under construction.
this is plan B. Close business and run.
RJJFX: same interface (whitelabel forex website) you can choose theme color. fxunited is white and RJJFX is black. Color changed, but same scheme.
if spammers not transfer user database to new server, RJJFX website cant connect to old database.so files and your investment record is gone.
fma.govt.nz/news/warnings-and-alerts/a-z-list-of-all-fma-warnings/
We also note that the FMA has not frozen FX United’s accounts, as claimed in some reports.
Fxunited not registred. No address, No contact no in website. just with website, people invest millions.
RJJFX: we dont know RJJ.KJJ. or BJ! we believe this company which not registered . RJJFX.com website registered on FEB 2017.
we dont know Founder for Fxunited. We Dont know Owners of Fxunited. IB sure put blame on fxunited and say you money with them. they just worked for fxunited and investor like others.
Kindly make a police report. capture /screenshot your IBs. like Cibai Moorthy. he can telling you, no more act as IB. but remember something, we got proof.
he can be arrested. he can run, but not hide. Vishnu from Venusfx. claiming no more IB.but arrested under SOSMA. his wife doing drama now, and telling around her husband just a salesman! yea right.
so Cibai Moorthy cant escape. his video, banners.. images all over internet. arrange meeting to explain and involved yourself and invite others to join this scam is totally illegal. i bet you cibai moorthy. within 4-5 Months, you will be in JAIL!
@Fox32, thanks for the update. I’m not surprised. Even if I lose every cent I hope these bastards rot in jail and suffer bad luck til they die.
I’m in SG, don’t know how to report already,will be satisfied to hear updates or suggestions though. I will wait for my closure.
may advincula’s comment:
she said you dont know what you’re saying.
facebook.com/maryann.monroe.372/posts/301615106944223?comment_id=301648450274222¬if_t=feed_comment¬if_id=1493139026899546
we should not leave IBs, we have to chase the IBs to whom we transferred the Money to FXU through them.
i can share a information about the one of the Singapore IB Mr. Anand whose wife Felomena aslo IB, few years back MR.
Anand was a normal employee at Micron but now he lives in Condo house and enjoying his life with BMW and Ferrari Cars we can understand where he get all this, When we are asking about the status of the Withdraws on FXU this fu***r getting angry.
To all Singapore agents.
Pls let me know if legal action going to be take or already in progress i will join and also i will bring the agents who i know.
Singapore_1, Thats good. when you asking for money, sure they will get angry.
what i heard, Malaysia Victims going to have press statement and request authority to take actions. IBs, Mini IBs, leaders pictures and videos will release to media.
Stay update.
@Singapore_1
I’m all for it! How, who and where can we begin with?
This investment was made for me by a relatives so I’m not going to waste my time asking since they still have blind faith over these bloody crooks. I’ll join anyone who wants to take action.
Our target now should be promoter mini IB’ IB’s and MIB. And our main target should be Brain Johnson (bcoz this person started the game)..
We are gathering effected investor to take action again those promoter in Malaysia (mini IB’ IB’s and MIB).
@Arvind you are wrong. Brian Johnson and the other two directors of UGHL that ‘owns’ FxUnited after 2013 are paid to be the fall guys and as the front.
The real masterminds are the two MIBs assisted by two or three other IBs. The 2 MIBs are cunning and smart. They set up FxUnited and RJJFX.
till today they are the most obvious owners and gurus of FxUnited. They promote, endorse and organise all FxUnited’s activities.
It’s all from Malaysia. Now cabinet also closed. Let’s just see how soon can be as big news like JJ from Penang.
Interesting to see what will happen to our so called local MIB’s and IBs. New name won’t work take time
Already more than a week we did not get cgat payments. I was supposed to get my capital back last week but have not received it yet… The saga continues.
@jazzy consider yourself lucky or privileged to get your returns up to last week.
Most investors have now waited between 9 to 10 months to withdraw their returns or capital. They can see the figures in the account but cannot withdraw it.
Need no further evidence that this is a scam through and through. This scam is gonna be bigger than VenusFx and JJPTR combined!
I just checked – the last CGAT payments were given on 9th April. After that it stopped. Will keep posted.
Dear jazzy..it look like you are very lucky.. just wondering which group and Which part of country are you from..
we here especially in Malaysia are totally insane like baboon.. hoping the clearing of a dozen of pending payment since July 2016..and you can also checked latest cgat payment which mean you can access the website..
I believe that all fxu members can’t access the website for more than a month…due to under construction…question..why you can access and get payment some more…
please snapshot the page so that you are not telling bullshit.
Speaking of JJPTR, Johnson has come up with a new scheme that pays out a whopping 35% and from what I read in FMT, he seems to indicate almost all investors who invested with JJPTR are now interested to join this new one.
Even after the old one had collapsed completely people are still prepared to join another one and by the same person who started the earlier one. Can you believe their naivety? Absolutely amazing!
source: freemalaysiatoday.com/category/nation/2017/05/03/now-founder-of-collapsed-jjptr-offers-new-scheme-with-35-returns/
Will they ever learn? Will they ever wise up?
Finally fxunited investors realised whats going on.
Police reports started. thusday 3rd may meeting, selayang will decide group of people want meet pdrm.
What about PP, Ipoh Johore and Singapore? I knew my money is gone. My last resource is from PDRM.
Same go to fxunited , come out with new scheme call IMA ….
@Haji, I accessed my CGAT payment info history via the new site rjjfx.
I’m figuring out how to post screenshot on this site?
Anyways, like I said earlier, for the info I share here, take it or leave it.
@Haji, cut and paste this URL (Ozedit: link removed)
It will bring you to a new site to login. I just did, looks fancy but my doubts remain. Anyway, just trying to see whats going on.
Please don’t post link to scam websites.
have u guys read the latest news in klfxu justification fb page?a reply from ‘jean marc’ to klfxuclub’s legal letter of demand.
he said that investors have to wait yet another 18 months for their deposit withdrawal to clear.
investors already waited patiently for 7 months, now have to wait another 18 months?
to add more salt,the anonynomous mr ‘jean marc’ had asked the investors to remain positives and leaders have to stay focus and double the effort for the new scheme, IMA, as they are running out of fund due to the LP problem.
the question here is who is the LP? no one knows..
this is another tactics of buying time and keep the investors calm as he also beg for investors to keep the public and authorities out of this mess to make sure the process will run smoothly.
totally bulshit guys. and this so called international guy, his english is freaking bad and basic. what a joke!
@Bloodmask
Please ensure that you guys make sure the news go viral.
JPPTR became big because of certain media organization’s support but the same thing cannot be said for FXU because we have written to a major media company one year ago but no action was taken. There maybe certain elements of biasness and prejudices.
If you cannot get the major mainstream media to host you, please get alternative medias to participate in the press conference. We are sure NTV7 would love to hear from you guys, lately they have been airing a lot of scam/sensational news.
PPIM (Persatuan Pengguna Islam Malaysia) is another NGO who is taking up these kind of issues seriously and they are doing a good job, you may approach them to get this thing blow.
And guys, the local politicians would also love to hear from you, election is around the corner and some may want to look like super heroes, you may also want to approach them.
All the best.
Latest News:
now FXU declared in critical level.they just release announcement payment can be or might be done within 18 months. thats mean, if you not get paid since June 2016, you have to wait for 3 years!
are they think, we all idiots or can accept any shits that they telling us? Dato Amer declared as MIB and ge get pissed since his name dragged out by investors. another dumb idiot, pissed of and challege people in fb comments.
fxunited is legal in Malaysia? He can be charged for forex business.
PDRM can traced any fb admin. dont play smart game! read newspapers how PDRM caught ISIS suspects.they even can trace private messenger.
Dato Raja, Dato Amer, Dr Moorthy , MIBS..Mini IBs, Leaders who collected fund from public, organized seminars / talk will be arrested soon.
please check BNM latest news regarding Forex scams. BNM/KPNKK/PDRM ready to bust FXU scammers! make a police report today.
i did my report on April 16… once this scammers get arrested, i have to get lawyer to sue them and get my money back!
(Ozedit: If the police actually do anything, feel free to share an official statement. Wishful thinking removed.)
Good news to some of us…
After almost a month of waiting we are able to receive again cgat earnings.
My withdrawal from 1st May is also approved.
Seems everything is fine as far as my account is concerned.
Jazzy, sure or not? If you received cgat earnings.. fxunited scammers will do screenshot and send it to 1000 people and asking for more money to invest.
Police reports all on the way. More Mini IBs start to give statement.
@Jazzy again you might get paid but the significant majority have not been paid a single cent.
even if the significant majority gets paid, “FxUnited and RJJFX” does not have the liquidity to pay everyone at the same time or even has the capacity to pay all Malaysian and Singaporean victims 100% of pending amount (excluding promised bonuses)within the promised 18 months from June 2017.
They may be able to pay Indonesians and Filipinos and Cambodians as the ponzi scheme there are still thriving and have yet to implode.
Current IMA sales which are still ponzi and money game schemes are not encouraging and are slow. so stop giving empty hopes to victims.
Jean Marc and his gang will be exposed very soon. Once the music stops everyone will get burned and Interpol and US Financial Action Task Force will come to play.
@Bloodmask, I’m sharing my own experience as a fxu investor and I don’t need to prove myself to anyone in this forum. It’s up to you if you believe it or not. I don’t stand to gain anything in this forum but telling my experiences good or bad with fxu/rjjfx.
@jazzy
Did u also invest in IMA product? Maybe that’s the reason why u still getting paid on your cgat while the rest didn’t get a cent since last year September..
Jazzy, seems you’re the only one getting paid.
Pending screenshot proof to rule you out as a shill, I’m going to spambin any further claims of payment.
Getting Ponzi victims riled up is cruel.
@jazzy, don’t be disheartened. If you received your withdrawal then luck is on your side.
As for the rest of us, just have to see what prevails. Being this bitter won’t give us back our cash.
Ok I will no longer announce when I receive cgat payments. No, I did not invest in IMA.
I am indeed from the Indonesian/Philippines/Cambodian group where cgat payouts are still given as you can surmise.
My cgat expired (turned 1 year) on mid April, so the payments I received last Saturday are from 9-mid April period.. (The rest of the cgat payments I am referring to are from my family/friends’ accounts.)
It’s important to note thought that – I have not yet received the my CGAT capital back, and it’s now almost a month since my CGAT maturity.
Good luck to us, in any case.
news Update:
Kindly check Bernama Radio interview with PPIM Malaysia.they discuss about Dato Ameer and FXunited. more 30 police reports are made. PPIM said, they will do press statement about FXunited.
waiting for another 20+ reports.
Good interview, all fxunited victims must watch it. How MIB blackmail investor. PPIM estimated 1.5 billions Malaysia ringgit collected and scammed by FXunited.
me and my group members waiting for PPIM press statement.More people comes forward to do police report.
Enough with all bullshit stories. DDos Attack, Data migration (6 months ready) if you recreate the whole system with fresh programmer, you can develop new MLM system within 2 Months.
changing website address, 1000 bullshit stories.! its all bingo! thanks for PPIM, BNM and PDRM!
Data transferred from FxUnited cabinet to Rjjfx cabinet appeared incomplete and distorted with wallet balance missing.
It’s all rubbish. Just wait for authority to take action on those involved in this scheme.
JJPTR problem only started in April 2017 already big news/media and authority already took actions.
CGAT problem had been surfaced many months since middle of 2016, but still managed to keep stealth from news/media and the authority’s radar. Amazing!
hhahaa..new bullshit story out now. letter from Jean Marc.
simple money game round: we dont pay you. your outstanding money will deposit to IMA, you must do it. then you will receive bonus from IMA. but dont ever dream you can withdraw it.you can request, thats your right.
we will approved it.. but dont ever think you can see money in your bank account.
lets play.. game starts June 2017.after few months we release another bullshit.
– Dato Ameer
So far IMA payments are given regularly for the last >4 months.
So this latest news is a sign of movement in the desired direction.
Fxu plans to payback in june at least 30% of investor’s net capital losses but this could not be withdrawn but can only be used for IMA investment, with ROI of min 7-13% per month..
So if you have 10k usd capital invested in cgat (and never received a single dime ever), 30% is 3k which will then paid to you via IMA at 11% monthly. This way it will take roughly 9-10 months to get the 3k back. It takes a long time and then there’s still the other 70% which is not yet planned.
I hope this pans out… Not giving false hopes or anything. My source of news regrding fxu are only from company emails/news/various fb sites and also this site (Come to think of it, I would have invested more earlier if I did not come across this site!). So don’t take my word for it.
Anything which even hints at the fact people can or will receive refunds from a dead ponzi “IS” false hope.
Jazzy dont you find it ridiculous and absurd that FxUnited/ UGHL is using the 30% of the capital in wallet 1 that cannot be taken out physically but can be transferred to the promo wallet for subsequent “investment” into IMA to earn returns for both investor and FxUnited (so that it can pay CGAT investors).
Cant you see these is out of this world and illogical? Creating money out of nothing to earn profits out of nothing? Do you do your Math?
This is not rocket science Jazzy. This is common sense.
@Anti Fxunited.
I wouldn’t know, that’s what fxu said they’re planning to do.
Let’s see if that’s true. Maybe will never happen. I’ll be observing ’til then.
@littleroundman
If my experience with Fxu is different from most people, how’s that for giving false hopes?
Indeed I am one of the people who got lucky and not (yet?) screwed by this company.
TonyL mentioned an update from fxu, and I was just expounding on them based on what the latest fxu email detailed.
Don’t shoot the messenger. If I believe or do not believe what fxu says, that’s my own personal prerogative based on the info and personal experience I have.
You have your own, others as well they may be different.
If I came here and said I had also been scammed, would you be more sympthetic? But so far my experience is different and until that changes, I will share.
Maybe this explains why other people still keep invest in fxu despite the huge number of people not getting their earnings or worse not getting their money back?
@anti FvUnited
Aiyo, you guys still don’t get what a scammer game trying to play. If you want to know how a scammer plan, first you must turn yourself as a scammer.
lets get back to the point, first, FXunited website is official non- exist, secondly, your so call account have been move to new platform, third, now your “CGAT” account still pending in hang, so slowly when they move all cgat to IMA, wola, NO MORE CGAT account investors, so any cgat investor abuse, no right. just think as a scammer….
@jazzy
With all due respect, it grossly irresponsible and utterly despicable of you to “simply share your experiences ” of this obvious ponzi scheme.
Living in a world where information is readily available at our fingertips, it is baffling to see millions of people are still being manipulated and deceived. Lives are runied and destroyed by these unscrupulous people taking advantage of the ill informed.
Therefore, to continue to support or even encourage by merely “sharing your experiences” is, I think, as bad as the perpetrators themselves.
There are plethora of evidence, to show that this is in fact nothing but a huge ponzi scheme. Just because they haven’t been caught or charged doesn’t mean they are legitimate.
So yeah!! we do have to “shoot the messenger” because, it is exactly messengers like you that are continuing to breathe live to this sort of schemes and continue to cheat people off their livelihood and destroying lives.
PLEASE STOP ALREADY!!
Thanks.
@Anti Ponzi
NO I WILL NOT STOP TO SHARE MY EXPERIENCE!!!
Because that is experience is TRUE to me. Fact is fact. Can’t you not deal with being presented with other people FACTS?
Some people like myself and hundreds of others are still getting paid by fxu/rjjfx. Can’t you get it why this company is still existing???
Besides that there are still a lot of gullible people!
If the website owner Oz asks me to stop, I will vanish from this site. I personally don’t gain anything (financial or otherwise) from posting here. In fact now, I’d rather find ways to earn some income, like studying bitcoin, penny stocks, index funds, real estate, etc.
If I’ll get SCAMMED by Fxunited eventually, I’m sure I’ll come here and join the chorus in cursing fxu!!
People wake up, investments like these already sounds scammy at the get go!! Avoid at all costs if you want to protect your hard-earned money!!
And the fact that your experience is NOT universal does not give you pause? You don’t even know how lucky you are, do you?
So consider this: if you only talk about you are getting paid, but you don’t mention that you don’t know how many others are getting paid, are you guilty of “neglect to mention”? Does that make you a liar by omission”?
@Jazzy ,
you must understand.nobody will post message in this forum if FXunited paying them.
Nobody will make police report.Everyone will happy and enjoy our bonuses. we start to do this since no payout! you can tell nice bullshit stories.you cant prove it. FXunited announce no payment.You can getting paid if you are one of scammer. press release about fxunited coming soon.
@K. Chang. I share my TRUE experience and that of a few of friends and family that invested in fxu. Whatever you think… I standby my story, I am indeed probably lucky.
But that is not the point. The point is that while many people are screwed by fxu/rjj, there are still those who get their payments from this company. I don’t forget that and that’s why I no longer intend to invest further in this company. Indeed I am a few lucky one of them.
Like whatever… Good luck to all of us. May we find other good investments elsewhere.
Just hypothetical question: If investors were finally getting refunds of their hard-earned money by fxu, and share that info there, would you still be hostile?
I truly hope @Michelle Singapore and many others on here will finally get their money back! I’m truly sorry – I know how it feels, I’ve also been scammed before but I think so long as naivete, gullibility, greediness exist there will be people taking advantage of that.
Let this be lessons learned. File your police reports and such and get your justice if that gives you consolation.
For me, I’d steer clear of such schemes in the future.
Good luck all. I’m outta here.
@jazzy
Mathematically impossible in a Ponzi scheme once at least one person has withdrawn more than they invested.
@ jazzy
It is unbelievable how naive you can be! Yes, facts are facts and they are based on evidence.
Ok fine I concede that you and you family are still getting paid by these people, however there are also thousands of people who have NOT been paid. And for you to come here and to “merely state your experiences” is just downright cruel!
Giving the impression to others who do come here seeking advice against such schemes!! Your “lucky story” is best kept to yourself because if you look at the FACTS, this shady organization is what it is, Nothing but a large ponzi scheme.
You must consider that your so called FACTS are most probably a LIE purported by this ponzi scheme and therefore should NOT be paraded by you to the public.
You are like Kelly Conaway, spreading “Alternative facts” like they are the truth! So SHUT IT ALREADY! THANKS!
Whatever you think @AntiPonzi!
I AM NOT GOING TO SHUT UP!
Who are you to tell me what to or not do with my truth? I share it or I keep it, that’s all up to me!
If sharing my true experience is cruel to you, then so be it! BUt know that that is not my intention.
I hope you read again my post so that you get the gist of what I’m trying to say!
@Jazzy
Firstly, you are an asshole who is working for May Advincula, the Philippines scammer. We know this for sure you ass of a shill.
Secondly, even if you are really getting your payment, it is because you belong to the master scammer inner circle who controls the monetary transaction and you are a money launderer or carrying the scammers’ filthy bag.
Thirdly, refer to this link and you will know how Venusfx, Fxunited and Brian Johnson are related and how they planned the whole scamming. So end of the day, you are still fucked no matter what happens.
facebook.com/FxUnitedPonzi/photos/a.959812070789830.1073741825.958134024290968/1110173139087055/?type=3&theater
Can you see the picture of the band of thieves who are responsible for destroying many people’s lives?? Venusfx master scammer is in the picture and FXU scammers too with Brian Johnson, the NZ ultimate scammer.
So, please stop your crap and in the event you are really serious in believing your own lies, please let us see you investor ID. If you cannot than it is only best for you to STFU and get outta here you mothaF#$%%^.
@jazzy
You are absolutely right! Whatever I think, and I happen to think you are no better than these ponzi schemers whose only desires are to lie and cheat people out of their money!
Yes, you are also right, who am I to tell you what to do with your “TRUTH”.
I do, however, question your motives and sincerity by “sharing your experiences”. I believe your experiences are unwarranted here in this forum which clearly is a place for people who seeks advice against these unscrupulous ponzi and scamming crap!! For all I know you probably stand to gain something from these entities by seemingly sympathetic to their cause.
So, don’t be upset when all of us here are hostile towards your “sharing of experiences” because you are in the wrong place to be sharing those viewpoints.
Please don’t shoot the messenger, you say? It is, for a lack of a better word, IDIOT messengers like yourselves, is why these scammers are still going on strong!
PLEASE GO SELL YOUR STUFFS ELSEWHERE! Thanks.
@Shah
Do you know who this “Mr Rod” is who manages their Manila office? Do you know his actual name? Or if he (or anyone) still works there?
imgur.com/a/ZDpAh
Also, do you know who these european guys are who spoke at the annual dinner in Feb 2016? (I think they claimed they were from Belgium)
imgur.com/a/shmOl
Ameer Wahab is always around with these westerners in all the pictures, guessing they’re all his hired fall guys, and seems like he hires a new batch of them every year… Why haven’t the police done anything to this bastard yet??
@Anti Ponzi and @Shah,
I refused to go down to your level (s). Once again and once and for all!
I don’t work for anybody in the fxu and I like I said I am just one of the probably few investors who happen to still get payments from fxu at the moment. I never met May Advincula or any MIB or IB for that matter.
I’ll be probably screwed eventually, that’s a big possibility considering the number of people already not seeing their money back.
The point of my story is to share here that this scheme is still existing, alive and kicking! Now it’s up to you to do something with that info. And if that would nudge people to go out there and file police reports, and make them get their money back, then much better!!
For now, I still cling to that tiny speck of hope that my family and friends will get their money back or at least break even. If not, well I guess we’ll charge it to experience. And be wary of such schemes next time!
@Shah, NO I’M NOT GOING TO SHUT UP JUST BECAUSE YOU SAID SO! I shut up if I want to. Period.
@ jazzy
You refused to go down to our level!! How dare you !! Am I low? LoL.
In any case, please don’t come down to my level. I don’t want to be considered at any level with the likes of you.
Just saying, you sounded like an angry child whining about how unfair you have been treated.
You argue like a child too, you say “The point of your story is to share that this scheme is still existing, alive and kicking.” Is that your point?
I think we have established that fact WITHOUT your “share my experiences” story. The fact that this scheme is still scamming people everyday is why we are having this discussion. So you point is weak to say the least. TRY AGAIN!
However, sharing your story does imply, to say the least, that this scheme is probably legitimate. Because hey!! I still get paid, probably everyone else might still get paid.
And those whom are on the fence about taking the appropriate action might hold off to do so as they may still have hope of seeing their money. And in the meantime, more people get scammed and this shit goes on and on.
I AM out to discredit you, because your ” sharing my experiences” does more harm than good!
I know I can’t stop you from “sharing your experiences”, But I sure as hell can keep taking you down by picking apart your weak reasons and arguments. SO BRING IT ON! Thanks.
Just chiming in, but “I got paid so I don’t know if it’s a scam or not” is NOT valid reasoning.
A scam can pay (Ponzi schemes pay up to the point it collapses) thus, the observation really means NOTHING.
And by sharing nothing, the sharer really proved that he had nothing between the ears.
This is a forum for updates and sharing whether or not we are paid. don’t be sour grapes just because some are luckier than others. Just welcome the comments or otherwise do not read.
@jazzy
I do have a suggestion. Since your are so eager to “share your experiences”, why don’t you share with us some relevant information.
For example, who recruited you, who is your broker, their contact information, did you get a prospectus? etc. Those would be more helpful, other than just stories of you receiving your dues. How about that?
@Anti Ponzi, NO thanks.
@K. Chang, I have no way of knowing for certain if fxu is indeed a scammer or not. They probably are.
@Michelle Singapore, thank you.
I stand by my facts, and until that situation changes, will remain so.
In hindsight, I would not advise people to invest in Fxu or similar schemes. The high risk is not worth the trouble at all. Peace of mind is priceless. In any investment, preservation of capital should be our top priority.
Enough said.
Only sharing payment claims with no other provided information is pretty suss.
Hi Oz, thanks for allowing me to post in your site! 🙂
I would have provided screenshots of the payments received. I was figuring out how to do it while still remaining anonymous.
But now I don’t see anymore the reason to go ahead with it. Sorry.
That’s fine. But if all you’re going to do is contribute “hay guys I got paid” comments every week or so, when clearly nobody else is getting paid and you’re not willing to provide any more info, I think you can see why people are getting angry.
@jazzy
More excuses! Don’t tell me you can’t figure out how to blur out personal info from a screenshot! What??? LOL This is exactly why I said what I said about you. A whiny little child who is upset, when people pick you apart.
Seriously, just SHUT IT already. My momma always said, If you have nothing better to say, it’s best to just SHUT IT!!
Thanks!
Clearly you not getting paid. Just another troll stirring the post for attention.
With everyone NOT being paid what are the odds that a person that is will show up here and can’t prove it?
@FXunited: No, let me iterate if it was not so clear enough to you: I’m not going to shut up just because people said so. You can continue to harp about it until the cow comes home, whatever floats your boat.
@All, these are facts:
– I’m still getting paid, the last was 23rd May via bitcoin.
– I had 3 pending withdrawals but only 1 was paid out, it was the lowest amount ~100usd. This was sponsor bonuses only from the few family and close friends that also invested. I do feel responsible for them and even offered to refund their money from my own life savings, that is if shit hits the fan.
– my cgat turned 1 year in April and I still don’t get my capital back. No reply from fxu on this matter.
– 1 in my network also got 1 withdrawal approved on 23 May (also ~100usd). All others still have pending withrawals, and the amounts were bigger in the order of 1k usd).
@Oz, I mulled over putting some screenshots here, but decided not to in the end.
If I have more bad news regarding fxu I will post more often here. It seems that if only complaints are posted/shared here other people don’t get angry or won’t ask for screenshots, lol.
@Terrence B, I can prove it, was considering it, but now I just don’t want to. With all the vitriol thrown my way, what’s the point?
I should have not participated in this forum in the first place. And more prudent was that perhaps I should not have invested in this scheme, my life was much better before this, lol.
Nothing much to add, so I’m outta here for now. Good luck to us all.
What were you expecting from everyone here maybe a pat on the back that you got paid?
When we see clearly everyone else isn’t.
You want to explain how that can be if this wasn’t a waste of your time in the first place?
Proving you got paid might be more easy to do but won’t clear up why everyone else isn’t.
Either way its nothing to be proud of.
@Terence B.
No, I don’t expect a tap on the back at all. Receiving (some) payments from fxu is not something I do but is rather done to me – simply outside of my locus of control.
See: facebook.com/2244293485795229/photos/a.2245207682370476.1073741828.2244293485795229/2279205062304071/?type=3&theater
If I were to believe the recent response of fxu to the demand letter of the investor’s lawyers, they said our group is still getting payments because our investments are small. So the amount is something fxu can still handle – they used the term ‘can still absorb payments’, or something like that. There are still lots of delays in the payments though.
I’m surprised I’m the only frequenting this site who has a different experience for the moment. I guess most here are Malaysians and Singaporeans – apparently the group that’s not receiving payment?
I have really nothing to add anymore. So bye for now guys.
From what I see from the letter and all the screen shots. They don’t have enough money to do payouts.
Typical ponzi run of low cash to no cash.
You see other letters saying they are SPONSORING events so they can have more cash.
If they have cash to sponsor events why are they not trading or investing funds to grow?
Because true investing is slow process to grow funds.
18 months to wait for them to recover and start payments to everyone they owe ROI payments?
I wouldn’t bank on them even starting that – they will have a whole other set of excuses by then.
If they took all those funds in and claim to be huge as they say – Where is all the cash if no large withdrawals are being processed?
I would like to quote a phrase from Terrence B:
and I just want to make a prediction that may be the company used the CGAT’s fund to trade in Forex(hiring experts to do so)! or any other means that could multiple the fund.
@Controller
So you are saying that you read in between the lines and predict that these slime balls have used the CGAT deposits from poor, ignorant but greedy investors to pay financial/investment experts.
Now, all of us hope that your prediction may be correct but in actual fact it is not.
Fxunited is a Ponzi scheme and in this kind of bullshit, the question of investment and financial planning to multiply the deposits does not arise.
The only financial and investment plans these scammers did was to enrich themselves. Let us give you some examples of how they fu##ed the depositors and enriched themselves.
1) Pandeyan@Pundeyan Son of Maruthamuthu is a resident of Australia now. He has fled to Australia with you peoples hard earned money.
Now this mothe####fr claims that he is an Australian citizen and busy producing movies in the Asia Pacific region. These bastard has an offspring who is a mini IB and equally as evil as the father and the mother.
2)Ameer and Zulfaizal are proud owners of multiple business, invested the stolen money into healthcare product and film making industry.
3)Dr. Moorthy, has multiple business interest and please browse the mighty world of information technology and you will see that this fu## has followed the rest of the scammers to produce movies and currently runs a post-production house.
Finally, for heaven’s sake, please understand this simple logical explanation. The monies were deposited into each scammer’s personal/company account and not UGHL account.
So in this case, are there any form of central monitoring of fund movements??? The most simple fuck#### logical answer will be, all transaction were decentralized and each scammers were paying a certain portion of the stolen money to the head of the scam and the rest of the deposits gone into the pockets of IB and mini IBs and they distribute the collections according to their whims and fancies ….very simple isn’t it.
So, Controller can you see where the large deposits went? Anyway are you a shill??
These fuXXtard MIB’s and IB’s are threatening and screaming legal actions against the disgruntled depositors and our only advise to you cheats and bastard is, you need to SHOW THAT YOU HAVE 2 BALLS TO PROCEED WITH LEGAL ACTION AGAINST THOSE WHO YOU THINK DEFAMED AND SLANDERED YOU..
Now, click this link and see what these son of bitches (JJPTR) and their likes have done to humanity.
thestar.com.my/videos/2017/05/25/man-hanged-himself-and-jjptr-clippings-found-on-him/
That’d be wishful thinking. A far more likely scenario is they spent your money on payouts and lost the rest through bad trades.
Why else would you not get periodic reports on how things are going? Heck, even reports can be faked. Madoff’s firm faked them for a decade.
Hi Guys,
Just to share an interesting post about FXunited scam…
Very Interesting one. I am just a messenger, I don’t own this piece of information..a kinda exclusion clause to cover my ass LOL…
Latest letter from LP saying that, they will release frozed money. But in January 2018
This letter not from LP. After few plan and schemes to collect more money they just create this letter and let them do scam for another 6 months.
We can see money digits in wallet but cant withdraw. Im 100% sure that fxunited will closed all doors within 6 months..
So still bad news…
Since 23rd May, no more payments received from rjjfx. And as you all know by now, fxunited/rjjfx has ceased all operations…
I think this it, we’re most probably not ever gonna get our money back.
Lessons learned. If it’s too good to be true, it most like is.
just wait for them to create another new identity FJJFX and collect more money from you guys. happy hunting.
Game over!
No thanks. Never again will I join in these types of schemes. I’m now into index investing, stocks, and crypto.
No more MLM of any kind, lessons learned.
Fxunited now under investigation by Malaysia Police.They release 30 other companies which suspected againts Malaysia Policy.
All MIB/IB and mini IB in list. if you organize event for Fxunited, make sure start your run.
GAME OVER.
Didn’t this collapse over a year ago? If authorities are only now investigating FX United it’s far too late.
Wat happen to all the money.they promise to pay end of february 2018.if not please all of them make a police report.its our hard earned money.
You lost it the second you invested in a Ponzi scheme.
Unfortunately you’ve given FX United far too long to make off with your money. It’s gone.
Good news. There were confirmed reports of Malaysian Police Commercial Crimes Division of Bukit Aman arrested the main mastermind of FxUnited Ameer Wahab two days ago.
He is still under police custody. Three of his vehicles and 10 PAMP Suisse gold bars were confiscated during thd raid on his house.
There are unconfirmed reports that two other accomplices Zulfaisal and Sharul Nizad were also detained for questionings.
How do I now go about making a police report? There seems to be no documents at all of whatever we paid.
You don’t have records on how much you paid them? No receipts?
Just make your reports. Even if you do not have the documentary proof or receipt. Just remember the name of the person (upline) you dealt with. Police will do the rest.
If you happrn to use a cheque or babk transfer, ask your bank for statement of transactions. Usually they can give 6 months prior. If not they charge a fee for transactions up to 5 years back.
The news link on their arrests.
m.themalaymailonline.com/malaysia/article/three-datuks-arrested-over-forex-scam-involving-rm1b
Thanks for the heads up! Good to see they finally nabbed someone over it.
How do we we make a police report? I have no documents except for their emails.
Probably want to contact the Malaysian police about that.
All I have is the emails that they having been sending to me. Have no record of the 10k USD that passed to them in cash.
Passing money in cash without receipt = big mistake (especially in the context of private offer of “investment and income opportunities”)
I hope you’ve learnt your lesson.
Geez, mate, you are seriously screwed.
They must have thought all their Christmases had come at once receiving untraceable cash.
But I have the emails sent by them to me. In those emails my full name is there.
Loser, good luck with email as evidence, but anyway, you can try.
Note: Emails can be easily forged. And anything written in the mail does not prove that money were actually transferred/passed. But the bank records about the transactions cannot lie.
For victims who intend to make police reports regardless in Malaysia, Singapore, Cambodia, Philippines, Australia or Indonesia, take note that you need to have the name or given name of your upline or person you have passed the money to.
The most important thing is the report is the truth and facts and not some made up story. Let the police probe further.
Founder of FX United charged in court and currently released on bail. Trial fixed for next February.
youtube.com/watch?v=18E6yL-_IBY