Francesc Riverola,
Hi everyone,
Last April 6th we informed here about a Police raid to ACM’s offices in Geneva for a possible fraud case of price manipulation. In return, ACM lodged a complaint against the former client with accusations of blackmail, defamation and forgery of documents.
Unless police says something important that will be reproduced here, we at FXstreet.com are done with this case. The reason is that since the news was published here, this blog and our Forum has been spammed by both sides of this confrontation and I’ve seen unbearable manipulation of probes like a forged press release from Bloomberg. Bloomberg does not issue press releases.
So my decision is to remove all kinds of comments made in all posts related to this issue and to remove the thread/threads on our Forum that were talking about this case.
You are free to think that I’m trying to protect the broker because it is our client and we have an IB agreement with them. Allow me to tell you that you are far from the truth. I’ve signed many IB agreements and we have many clients and I’m not committed with any of them but you.
Our commitment is to help traders… and I think in all this case I was just confusing you and driving you guys far from the truth.
So let’s let the police do their job and wait till something official comes out from this.
Remember, all comments in ACM posts will be removed. New comments as well.
The thread on the Forum will be removed too.
Francesc
note: The last press article I found about this case. It is a little bit old- from April 8th - but it brings some light to this case.
Affaire ACM: un témoin clef s’explique
Un trader new-yorkais travaillant pour une mystérieuse banque mexicaine décrit de soi-disantes manipulations sur la plateforme du courtier en ligne, à l’origine d’une perquisition de la Brigade financière dans ses locaux jeudi dernier. Criant à la calomnie, la société genevoise dénonce une manœuvre destinée à «s’approprier» ses activités. Celle-ci a porté plainte, notamment pour tentative de chantage
Full Story
Use Google Translate to read it in English: ACM Case, a key witness explained
Previous updates:
ACM Update 2 - Probes used in the accusation of fraud to be falsified according to ACM
ACM Update 1 - ACM feels being victim to former client malicious intent
Police raid ACM Geneva office in a suspected financial fraud case
Hi, I like your blog, I did not found any other way to contact you, I wanted to ask your expiriance with “forexyard”, I saw that they had been collaborating with fxstreet in the past. I have an issue with them now and taking care of it trough forexpeacearmy.com but I jus wanted to know your opinion about this company.
Thanks in advance!
Dear JorgeHDZ,
I do not know much about Forexyard. They advertise on FXstreet.com from time to time but we do not have a long-term daily relationship as they are not regulated in the US, UK, Australia, European Nordic Countries, Japan and Switzerland.
Those registered in these countries are entitled to be included in our brokers list. Those that don’t, just can advertise on banners on our site.
Let me know if you need assistance in your issue with Forexyard.
Hello Francesc, I just wonder if you ever received a reply from the person who posted the fake Bloomberg ACM/MBFX press release on your forum when you asked him or her about the actual URL to the release?
Thanks, EE