Razor FX Fraud/Scam

I'm dumbfounded at these responses? (ZEN: when somebody offer him a seemingly legitimate business investment with good return, lack of experience, living expenses, and good dream of a good future make him careless) Maybe you need to learn to write English first and Make him careless? make him??? (Blue Steele: Nobody likes to lose money but how can you blame Gem and Horizon? Because he didnt do his due diligence on Razor fx. He obviously didnt) No, your right blue, I should blame the man on the moon (Grant-So you call him a moron for not doing "an ounce of research". What do you call yourself, recommending a company without confirming the owner has done an "ounce of research"?)
I call myself a moron as well but I think it's safe to say he is the biggest moron and that you must all be his friends defending him.

To your guys credit I guess I wasn't clear about the due dilagence I did. I spoke with Gem-Cem(how about the fact his legal name is CEM but on the horizon site it's GEM????) on more than 12 different occasions about the legitimacy of this fund. He WOULD NOT disclose the names of the traders to me or the company. This is where I became the MORON, I should have turned and ran. I didn't because his explanation seemed sound. He said we are the marketing company or the middle man, therefore giving up the company name Razor FX or the traders name MacCaull would have allowed us, the investor, to circumvent using Gem thus cutting him out. He assured me everything was fine and that Lloyds of London would soon be insuring the fund for fraud. These are the words that were spoken from Gem-Cem Ali's mouth. Where was I wrong? I should have said, 'hey if you won't tell me his name or company can you tell me whether you did any background research on the trader or company?' I didn't ask that question but it probably wouldn't have mattered but who knows. I did however speak to the attorney for the fund which I won't name here whom also assured me of it's validity and told me a company in Vancouver called, Horizon, stangely enough was auditing the books etc. I also HAD a very trusted friend and confidant who is a professional currency trader who is a member of this board which I will also not name who told me he checked with the BCSC and everything was good. Both of these gentleman assured me things were fine.

Grant, Blue Steele, and perhaps Zen must be friends with Gem to be protecting the man whom has ruined so many lives finanically because of his half baked due diligence. I'll take my lumps and move on, I'm young I can make more money BUT what about the poor souls who lost their life savings? What about people that lost substantial sums of money who's lives finanically won't be the same and will need to sell their homes and lose their famlies etc? Should they solely blame themselves? I don't know what world you guys live in but if your sold a car that's a lemon it's not the buyers fault it's the dealerships, if you die from bad legal drugs it's the drug companies fault not the patient. It's futlie to go on with anyone who is sticking up for the man that helped 100's of people lose millions. I take full responsibility but how a man could meet the traders, go to the offices in New Jersey, open a company to market this fund, invest millions of friends and family monies without doing a single ounce of background checking or a 10 second google search is totally unacceptable and the law will determine he is guilty. I'm sure you people are in the minority as any normal thinking man or women would see it the way I do. Obviously whatever YOU lost, if anything, wasn't enough to cause you to lose your family or home or you would be playing a different tune.

Anyone I know, including myself have absolutely done whatever due diligence allowable prior to investing our money through HFX. The only thing I and others did not know was the identity of the traders. BUT its not that I did not ask or try to find out. Gem did make it clear that he knew them VERY well and that they can be trusted blah blah blah. Also as mentioned already, he said he would not give the identity since that possibly cuts him out. It is easy to say and blame the investor in situations like this when you are on the outside. Unfortunately a good scam can get any one of us, including those who say "look in the mirror".

There is no doubt that Gem is at fault and deserves some blame. Its either Gem was EXTREMELY negligent or he was in on the scam or at least aware of it. It has to be one of those three, nothing else. I would not make such statements unless I have reason to make them. There is a set of facts that would make even his biggest supporters really question how he was not aware of this scam. We'll see how all of this turns out. My main priority is retrieving my money as well as my family's money back. Whether it comes from Razor FX or out of Gem's pockets I really dont care.

Yipcarl, Please don't put words in my mouth: i am not "defending" gem, i am pointing out that by your own standards you would deserve nearly the same punishment as Gem, so maybe you shouldn't be throwing stones out of your glass house.

Obviously Gem made mistakes of some magnitude. Even he would admit that. Does that mean he should go to jail? Perhaps, but that's what courts are for... not keyboard jockeys who don't yet have all the facts and are jumping the conclusion that Gem is a "crook".

Of course you are pissed off about your financial life getting so disrupted. It seems like a big part of your message comes from a need to rant & vent your anger. You are correct that in your shoes I could very easily be just as mad.

But the fact remains it's wrong to say "The head of Horizon FX is completely at fault." ... there's plenty of blame to go around... not just Gem, but the RFX guys who perpetuated the fraud, and the customers who bought into a "too good to be true" investment ignoring the warning signs.

Best of luck and i truly hope all the investors get a large amount of their $ back.

I agree with Grant. I don't defend anybody here. It's the word "completely" in the blaming that sets me off. Like the old Chinese saying: "Whenever you point a finger to someone, your three other fingers point back at you, and your thumb points elsewhere."

If there's somebody who was completely at fault, I guess it would be Razor FX people, whom planned the whole scam the first place. The rest share any mistake made.

And, Yipcarl, if you want example, just check your own post in response to my earlier post. While you're busy critisizing my English, does your own English impeccable? Mind you, English is not my mother-tongue. Again, this is just an example that the word "completely" is completely wrong in your statement.

By the way, four years ago I lost everything to a scam broker in USA. I had literally have to share a meal between me, my wife, and our two children twice a day. Forget about the third, let alone the fourth meal of the day. It went on for a year, until I got another job with descent pay, enough to feed my family properly. Just to feed them properly, though. So, I've been there. And I have no intention to defend any crook in whatever size they come.

But the line between right or wrong cannot be blurred by emotions, or else we all would start digging our tomahawk everytime somebody crosses us.

My £6700 was scammed by Horizonfx , they blocked me for certain time and suddenly i received some random message of Margin call and my account balance gone to Zero. Do not trade with them, the moment i start making money they froze my account claiming that my document are not verified. It took me months to try to verify my account because of their 0 client supports and in the end i thought i lost all my money then i meet a specialist from Tracrefund that i mailed [ skiz @ tracrefund .Com] he was the only one that came to my aid reimburse my scammed money. Horizonfx are just a bunch of thieves, steer away from Horizonfx and find another broker, unless you really want to lose your money