2/21/2004

INVESTMENT FRAUD WARNING

One of the biggest financial companies in the world made a presentation in our office today for Foreign Currency Trading that is the client rape of all time. Hidden commissions of 300% per year. They will use a "back tested" system that has never been used in real time, will charge $100 per month for a customer to use and will charge a "round turn" commission of $5 per trade; the system trades 200+ times per month; account size will be $5,000. The brokers in the firm are so outraged that the owner assumed they were all gangsters that there will be an exodus of 75% of the firm by March 1st. Those remaining will engage in the fraud. Be very careful about "investing" in FOREX, Foreign Exchange, because the gangster element is in charge. Nobody needs a license to sell it. The very biggest of the big financial firms are involved. Watch your asses everybody because good old George has no regulators willing to stand up for the public.

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