15 Responses to “Major Investor of Crown Forex S.A a U.S. Scammer and its CEO a liar… What’s next?”

1. on 26 Nov 2009 at 4:04 pm1Marc

   Thanks, Francesc.

   What’s your opinion on those fella reaping money by gunning stops of retail traders?

2. on 26 Nov 2009 at 8:02 pm2Francesc Riverola

   Marc

   At this time I would say words that I would probably regreat later on so I rather to keep my mouth shut, but you can put any name you want to these guys

3. on 01 Dec 2009 at 12:43 am3Tiger

   Hi Francesc

   As reports say “The bankruptcy had been made last May 19. The liquidators of Crown Forex also warn customers that a platform is perhaps illegally operated abroad under the name Crown Forex.”

   And liquidators have already mentioned this on the July 30th posting on crownforex.info website that the name of CFX may be illegally used by American ponzi fraudsters.

   I am not sure if this is complicating the FINMA or FINMA being FINMA taking his time to resolve the issue.

4. on 01 Dec 2009 at 11:53 am4Francesc Riverola

   Hi Tiger

   Thanks for pointing that out

   We will see…

5. on 02 Dec 2009 at 10:02 am5faisal

   dear Francesc,offcourse you have your own point of view,but i am not able to comprehend what complexity you are watching in crown forex issue.if two american scammers are claiming to have their funds deposited with crown or if they have 51% shares with crown,they must be having some documents to prove that,and if they are true finma should settle their claims too.
   on the other hand did you ever heard of any fraud charges against crown from finma,or did you heard of any arrests of crown directors?……we all know that crown chairman mr.ibrahim ali had the guts and courage to go to big media, reuters and cnbc and clarified his position.his interviews are on record……we all know that crown was operational for six months under and after the investigation of these two corrupt crooks winkelmann and von bredow.
   dear Francesc its a history…we are all witnessing a broad day light robbery by swiss government agency finma.

6. on 05 Dec 2009 at 8:55 pm6khawar Abbasi

   Dear Faisal,

   I agree with you..There were no fruad charges against CFSA..As far as I am concerned(Hope all of you also)except few investors,CFSA was doing good and I have no complaints what so ever…As a professional trader,I have no complaints against CFSA.They were doing fine and I have no problem withdrawing even my last profit of $8630usd last october 2008!

   Everything blown up in later month when this “B…S…”FINMA took over!

   Its a tough decision on my part,but I already took it as a bad trade! As a pro,I already cut my looses short as it was a risk money which is stolen by “F.k.G” theives of FINMA.

   Doesnt wanna stick with this “F” issue anymore and I am moving on..I already covered some of my losses and will recover rest of the losses later…

   The market is good to trade and I feel its waste of time to beat the bush of FINMA..

   This is my last comments on this issue, hope as traders,you will understand my views…

   Very Best Regards and Goodluck..

7. on 07 Dec 2009 at 10:32 pm7faisal

   dear Khawar,
   its good to hear that you covered your losses,but believe me forex is not easy money at all to forget easily.
   if these regulatory agencies have to perform this way,then believe me forex individuals are staying no where.we are at risk from every side.
   although we are not in a position to do much but this corrupt swiss regulatory authority finma must be exposed.may be we can save few other investors and creditors.

8. on 05 Jan 2010 at 9:06 pm8Bunker

   Hey khawar Abbasi,
   I’m glad you got your funds…all $8630 of it. Unfortunately, many of us did not get our funds…and a whole, whole, WHOLE!, lot more than $8630! Your opinion is simply not shared by many of us that have been bilked by Crown. We tried to get our funds back many times starting in fall of 2008. I think your friends at Crown deserve some punishment for their actions.

9. on 15 Jan 2010 at 10:18 pm9vhanacek

   Dear Bunker,
   How do you know the account balance of khawar Abbasi?
   Do you also know how much is the total outstanding balance of all accounts at CF?
   Thanks.

10. on 17 Jan 2010 at 11:35 pm10Scott Kuehne

    Apparently, When Crown was tight on cash this Cook character bought shares of Crown through Oxford Capital Advisors, which is what I was told at the time. The people at Crown seem to have been victims of this Cook character as much as anyone else.

    I do know that Cook created another company in the US with the name Crown Forex and was telling people to send funds to it in the US. This of course was part of his scam, and I always advised clients against doing so, and I think I recall Crown Forex SA doing the same. It seems getting in business with these United States hustlers was the downfall of Crown Forex SA.

    Of course the lawyers handling the liquidation of Crown Forex for FINMA are completely worthless and are just sucking up whatever client assets were available when they were taken over by these lawyers racking up their billable hours. Their lack of good intentions is evident when you call to see when you will be getting your money back and they laugh at you.

11. on 18 Jan 2010 at 5:59 pm11Andrei Pehar

    I think Faisal and Khawar Abbasi are really Trevor Cook and Patrick Kiley in disguise. As a former IB for Crown, my vote is for 10 minutes alone with Shadi Swais in a dark alley. On second thought, why alone? Let’s invite al the former account holders!

12. on 19 Jan 2010 at 6:06 am12Jayson

    Andrei,

    You might be right, but it could be Shadi Swais. Crowns problems were there at least by Jan 2008 - thats when they defaulted on a significant withdrawal by myself. He claimed they was a deal for someone to buy in - but it did not come soon enough to help me. Crown were paying out some ’small’ investors. I think they realized better to have only a few people knowing they had financial problems than lots of people and news get out. If only a few people with big money (like me) are trapped you dont want the information to get out because you keep hoping you are going to get most of your money back.

    I will be amazed if we dont see charges against Shadi Swais and others in Crown.

13. on 19 Jan 2010 at 10:04 am13faisal

    dear Jayson,you said you will be amazed if you dont see any charges against Shadi Swais and crown……..strange
    i believe you should be stunned by now after watching cruel and cunning methods adopted by finma and finma lawyers to destroy crown and its clients…….to me the case was decided the day finma lawers changed their decision
    and the case was finally proved against finma the day mr.Ibrahim Ali came on these blogs.we all know that swiss federal court had suspended finma’s bankruptcy decision.
    it was known to us that case is in swiss federal court and decision is expected in september………where is finma and where are finma lawers….why these cheaps are hiding their face….offcourse these thieves cant face the clients.
    anyway one thing to be admired about finma and finma lawers that they are courageous thieves to have such broad day light robbery on clients pocketrs

14. on 19 Jan 2010 at 9:03 pm14Timothy Shively

    I realize I’m late but can you inform me how to file with
    FINMA iquidators.

    Thanks

15. on 13 May 2010 at 11:19 am15Francesc Riverola

    Hi guys

    I’ve created a group for the Victims of Crown Forex S.A Bankruptcy

    Please join me here

    http://blogs.fxstreet.com/francesc/2010/05/12/crown-forex-victims-group-created-come-and-join-me/

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