Scammers - Hall of Shame

I think he's a young boy, it's impossible for a grown man not to read behaviors to differentiate friends from foe

just imagine if he sang "Creed - With Arms Wide Open" to Bakker, that would be the icing on the cake

Hello! I´m Francisco, Bakker didn´t ask me for money not a single time. He taught me his system, although I don´t fully understand it I still trade my own way

Another scam topic:
https://www.forexfactory.com/thread/...3#post15244393

Have you ever heard of SmartAlpha, Ray ("de Medici" lol), CompassFX, or Institutional Equivalent Education?
The whole group, the excessive secrecy, and the silence surrounding the entire business are pretty suspicious. The legal concerns behind it make it seem even more questionable. Ray's institutional background is very likely just a scam.

I. Summary of "Ray's" SmartAlpha as a Client of Delta Global Limited with Questionable Reputation

Overview
Smart Alpha, a Gibraltar-based company offering educational content on institutional trading strategies, lists its address as “C/O Delta Global Limited, Suite 925A, Block 8/9, Gibraltar.” The “care of” (C/O) designation indicates that Delta Global Limited provides Smart Alpha with registered office or administrative services, a standard practice in Gibraltar. However, Delta Global Limited’s reputation is severely compromised due to its association with Joaquim Magro de Almeida, a 72-year-old Portuguese business consultant linked to a $1 billion pyramid scheme and connected to John Davies, a convicted U.S. fraudster. These ties raise significant concerns about Smart Alpha’s credibility by association, despite no direct evidence of wrongdoing by Smart Alpha itself.

Smart Alpha and Delta Global Limited

1. Smart Alpha’s Business: Smart Alpha provides educational materials and hypothetical trading scenarios, explicitly stating it is not a registered investment advisor (smartalpha.global). Its address, “C/O Delta Global Limited,” suggests reliance on Delta Global Limited for registered office services, mail handling, or compliance support, common in Gibraltar where companies must maintain a local registered office.
2. Role of Delta Global Limited: Delta Global Limited is likely a corporate service provider, possibly licensed by the Gibraltar Financial Services Commission (FSC), offering administrative services to Smart Alpha and other companies. This arrangement does not imply operational control but indicates a formal relationship for regulatory compliance.

Questionable Reputation of Delta Global Limited

1. Joaquim Magro de Almeida’s Involvement: Almeida is a central figure associated with Delta Global Limited. OpenCorporates reports he is an officer in 313 active companies, an unusually high number suggesting he acts as a nominee director or shareholder to obscure true ownership. This extensive involvement raises suspicions about his business practices.
2. Link to Pyramid Scheme: The U.K.’s Companies House lists Almeida as an officer in Euro Forex Investments Ltd., implicated by Reuters in a $1 billion pyramid scheme that defrauded at least 3,700 victims across China, the United States, and other region. This connection to a major financial scam significantly undermines Almeida’s credibility.
3. Connection to John Davies: Almeida is further linked to John Davies, a convicted U.S. fraudster who served five years in prison for a $70 million Ponzi scheme and was banned for life by the SEC from the securities industry. According to a 2021 Security Boulevard article, Davies, under the alias John D. Bernard, has been involved in new ventures, including companies like Euro Forex Investment Ltd., where Almeida serves as a director. The article suggests Almeida is one of Davies’ “henchmen,” acting as a nominee director in multiple entities to facilitate Davies’ operations, further tarnishing Delta Global Limited’s reputation.

Implications for Smart Alpha

1. Reputation Risk: Smart Alpha’s association with Delta Global Limited, through its “C/O” address, ties it to an entity linked to Almeida and, by extension, Davies’ fraudulent activities. While Smart Alpha’s educational focus and disclaimer of not being an investment advisor may limit regulatory scrutiny, the connection to a service provider with such dubious affiliations could deter clients or investors wary of opaque corporate structures.
2. Transparency Concerns: Smart Alpha’s ownership and operational details are not fully disclosed on its website, and the “C/O” arrangement with Delta Global Limited may obscure accountability. The involvement of Almeida, who appears to act as a nominee for figures like Davies, heightens concerns about the transparency of Smart Alpha’s operations.

Recommendations.

1. Monitor for Red Flags: Be cautious of any Smart Alpha activities resembling investment schemes, especially given the history of Almeida and Davies, or questionable subscription services. Verify the company’s claims and affiliations independently (in progress).

Conclusion
Smart Alpha’s reliance on Delta Global Limited as its registered office provider raises serious concerns due to the latter’s association with Joaquim Magro de Almeida, who is linked to a $1 billion pyramid scheme. He acts as a nominee for John Davies, a convicted fraudster with a history of Ponzi schemes. While no evidence directly implicates Smart Alpha in fraudulent activities, its connection to a service provider with such a questionable reputation warrants caution. Potential clients or investors should perform extensive due diligence, leveraging Gibraltar’s transparent company registry and beneficial ownership data, to ensure Smart Alpha’s legitimacy and avoid risks associated with its affiliations.

Follow Up
Ray's identity has been uncovered and will be revealed in the next article. Stay tuned!

Sources

1. Smart Alpha’s address and services: https://smartalpha.global/
2. Almeida’s company involvements: https://opencorporates.com/
3. Euro Forex Investments Ltd. fraud: https://krebsonsecurity.com/
4. John Davies and Almeida’s connection: https://securityboulevard.com/2021/0...vents-himself/
5. Gibraltar’s registered office requirements: https://www.companieshouse.gi/
6. Beneficial ownership register (no direct URL available; referenced as Gibraltar’s public beneficial ownership register, accessible via Companies House )

After 11 years, this is still the best thread in the FF...i am not sure should i be worried or rejoicing

The entire commercial section is a scam-fest.
Everyone claiming to be profitable with 100% win rate and not a single trade explorer to be seen.
Absurd claims of making X% daily...which would turn them into a trillionaire in a year.
How it is being condone is beyond me.

Here's a hilarious thread for anyone's consumption.

https://www.forexfactory.com/thread/...ht-why-are-you
Extremely intelligent trader turns $85 into $10,000 but can't get youtube views! Begging for subscribers on FF!

Scammer from India blocks non-red diamond users from posting after being exposed:
https://www.forexfactory.com/thread/...auusd-analysis

Anyone wants to join in the fun here?
https://www.forexfactory.com/thread/...1#post15307331

Javed562 is a fake guru, who got his red diamond by mass creating accounts and subscribing to himself.

https://www.forexfactory.com/zforexcm

Zforex Scam: "Free" trading contest whereby the prize is trading credits ie forces you to open a real account, make a deposit and trade with them.

Another scammer detected.

Username: 40k

Case:

He is offering here his telegram group for ''FREE''' :


Arrived in this group he is offering a 'special group' for ' serious traders' only after you have paid!!!!

Asking for Trade history or trade explorer ends in kicking out of group and he also ignored me here in FF, when i just asked if it´s true.


Stay away from these kind of scams.... in my opinion it is ok to take money.... but without proof? never!

If he would have valueable content it would be no problem to show a trade history!


BIG attention guys!

BR

DJ

It's been a month since you wrote this and I'd love for you to reveal it when you have the time.

Approximately a decade ago I was ripping Ian Foster to bits about his superhero, 'Ray'. I rarely look at ForexFactory and it was only out of idle curiosity that I was looking at my old posts this morning. It was during this perusal that I saw that you've taken over the mantle and have been eviscerating poor old Ian on his amusingly pretentious thread. I can't post there anymore as he (coward that he is) banned me for not kissing either his or his Glaswegian idol's ass.

Seeing as you have clearly paid a lot of money to Compass over the years you may not find this funny, but Kim gave me access to Ray's chatroom many years ago for a single session in order to evaluate whether or not I'd commit to paying for the course. Thankfully I had enough sense to decline, but since that moment, the log-in details she gave me were never revoked and I've been able to access every single Omnovia video for free all this time! I saw that there was absolutely no structure whatsoever to his 'teaching' and while Ray has the gift of the gab, it was readily obvious that he was just a scammer.

Anyway, congrats on your detective work and for annoying Ian so well. I'd be grateful if you could tell him the news on his thread about having access to Ray's entire content for zero cost, considering that he'll have no doubt spent untold thousands on it for all these years... only to remain unprofitable in the end!

Be careful of this SCAMMER 40k

As I have mentioned a few times before:

The truth about 40k is:
1. He is an Indian who is so ashamed of his own nationality that he pretends to be a Mauritius citizen.
2. He blew his account and is penniless now, so he hounds his group members, hoping one of them would (stupidly) let him trade their account.

The more of these idiots we catch the better.... Will save newbies a lot of heartache imo

Its the fault of the new traders as well bcz they dont want to learn, they just want the calls for trading. Even paid groups are good if you know how to manage a trade and your money.
I did not understand if a person is very expert and earning lot money then why he is creating a group to earn from others because may be that person know very well about newbie traders who have money and want to rich without any effort.

In future If I will become a good trader then I will not open any paid group, i wil try to educate others through free group or will use youtube. I will not go for paid group.

Lot of traders have faced bad time but they have learned from their mistakes and loss.

Sadly there are just too many to catch...so many are darn obvious...the admins are sleeping? Or are they understaffed? Can I become a moderator? Can I nominate T721 to become a moderator?

One can only wonder..

Why...

New scam spotted:
https://www.forexfactory.com/thread/...nft-ai-project

Guys, I need your help in reporting this so that it gets shut down!

This guy now pretends that he requested to be commercial member.




Thank you all for your investigations on this bad scam!