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  • #281
  • Jul 12, 2008 4:03am Jul 12, 2008 4:03am
This is so ridiculous that this man has caused 25 million dollars to be trapped because of nothing but his sheer greed and now he want to object with weak arguments to something that will resolve everyone for really now reason at all. Monday is the day of reckoning....

Lets all hold our breath
  • #282
  • Jul 14, 2008 9:12am Jul 14, 2008 9:12am
In A Few Hours We Will Know If We Will Finally Be Free Of This Mess!!

Everyone Light A Candle. This Is Going To Be A Rough Landing!!
  • #283
  • Jul 14, 2008 6:42pm Jul 14, 2008 6:42pm
Quoting RxPipDaddy
In A Few Hours We Will Know If We Will Finally Be Free Of This Mess!!

Everyone Light A Candle. This Is Going To Be A Rough Landing!!
I just got a call. Looks like Judge approved 100% of receiver requests and rejected all the objections that were raised by all the others...

Looks like in 5 days people will see 100% of their money back. Blow then candle guys this is the end of a 7 months long nightmare.
  • #284
  • Jul 14, 2008 6:48pm Jul 14, 2008 6:48pm
I have been patient and calm through all this and hope that we will be the end soon and at 100%.... all the better.
I opened my FXLQ acct about 10 before the locked doors and never made a single trade.

Thanks



Quoting Yosefx
I just got a call. Looks like Judge approved 100% of receiver requests and rejected all the objections that were raised by all the others...

Looks like in 5 days people will see 100% of their money back. Blow then candle guys this is the end of a 7 months long nightmare.
  • #285
  • Jul 14, 2008 6:49pm Jul 14, 2008 6:49pm
Are you serious??? for real? Looking forward to official post... 5 days !!! Breath in relief...


Quoting Yosefx
I just got a call. Looks like Judge approved 100% of receiver requests and rejected all the objections that were raised by all the others...

Looks like in 5 days people will see 100% of their money back. Blow then candle guys this is the end of a 7 months long nightmare.
  • #286
  • Jul 14, 2008 6:58pm Jul 14, 2008 6:58pm
Quoting forexedge
Are you serious??? for real? Looking forward to official post... 5 days !!! Breath in relief...
These are things were jockes cannot be made. I am serious and sure 110%

I have heard from someone that was in that court room. The hearing ended no more than 30 minutes ago.

Now the agreement between the recevier and the brokers are clear. They have to deposit a certain amount $ 100K? and the receiver should wire $ and account information in 5 days by the time of receiving this wire....


Will post more details as soon as I have....
  • #287
  • Jul 14, 2008 10:39pm Jul 14, 2008 10:39pm
i just got the following from my ex broker

We are are pleased to inform you that today Judge Carney of the Santa Ana Federal Court has approved the motion of the receiver, thus making it effective immediately.

Among the requests, it has been granted the release of all custromers funds, the transfer to two forex conterparts, and the payment of 100% of clients funds.

Shortly, you will receive detailed information on how to withdraw your funds or resume trading. Should you decide to continue taking advantage of our service and support we would like to remind you that you can proceed by opening a forex account with our new counterpart.
  • #288
  • Jul 16, 2008 5:27am Jul 16, 2008 5:27am
I have tried to email GFT but I did not get a response. Has anyone heard anything else about the timeline?
  • #289
  • Jul 16, 2008 6:23am Jul 16, 2008 6:23am
I copied this from another site:

Quote
FXLQ customers,

Here is the reply I just received from the layers http://www.sparkimg.com/emoticons/smile.gif :


" Andre,



The Court approved the Receiver's motion regarding the distribution during the July 14, 2008 hearing. However, we have been waiting for the order to be entered by the Court. As soon as we find out that the order is entered, we will post the order on our website. Without the order entered, GFT cannot transfer the $100,000 compensation to the Receiver and the Receiver cannot transfer the customer funds to GFT. The Receiver will also notify the customers of the transfer to GFT technically around 10 business days from the court entry date.
Very truly yours,Lillian LeeDeputy to the Receiver "

Andre


  • #290
  • Jul 16, 2008 8:49am Jul 16, 2008 8:49am
Well I called GFT and they told me that they would not take possession of the accounts until Mid August which is about another month from now. I wish this would be over.
  • #291
  • Jul 17, 2008 6:41pm Jul 17, 2008 6:41pm
The judge signed the order approving the receiver's motion today!! This is the next step and it clears the way for GFT and IKON to send the $100,000 in compensation money to Robb Evans & Associates. In return Robb Evans hands over all the accounts to the two brokerage firms. If I have understood everything correctly this process should take about 10 days from today.

Our money that has been held hostage by Mr. Gray for the past 8 months should be free in 10 days to unite with it's rightful owners!!

Here is the link to today's signed order:
http://www.robbevans.com/html/forexlqorders.html
  • #292
  • Jul 17, 2008 11:50pm Jul 17, 2008 11:50pm
That is great news, but the assh*le just filed an appeal on the 17th... but doesn't much content written up...



Quoting TripTrap
The judge signed the order approving the receiver's motion today!! This is the next step and it clears the way for GFT and IKON to send the $100,000 in compensation money to Robb Evans & Associates. In return Robb Evans hands over all the accounts to the two brokerage firms. If I have understood everything correctly this process should take about 10 days from today.

Our money that has been held hostage by Mr. Gray for the past 8 months should be free in 10 days to unite with it's rightful owners!!

Here is the link to today's signed order:
http://www.robbevans.com/html/forexlqorders.html
  • #293
  • Jul 18, 2008 5:22am Jul 18, 2008 5:22am
Does this mean we will be tied up for another 6 months? What does this really mean for the timeline?
  • #294
  • Jul 18, 2008 9:00am Jul 18, 2008 9:00am
I spoke to a friend who is a lawyer, and said that appeals are usually on procedural grounds... and appeal court rarely relook at a case if a judge has reasonably ruled. This judge seems to explain his ruling very well with various "tests"... Federal appeal court probably has bigger issues to look at. This is a done deal likely.

BUt i don't know how long it would take for appeals to response.

Quoting RxPipDaddy
Does this mean we will be tied up for another 6 months? What does this really mean for the timeline?
  • #295
  • Jul 18, 2008 2:20pm Jul 18, 2008 2:20pm
Ok....I just got this email from Lillian at Robb Evan & Associates about the timeline of events for getting our money back. This should clear up the questions. She also mentions that the appeal by Mr. Gray should not be an issue.
-------------------------------------------------

As the order approving the agreement was filed on July 17, 2008, the Initial Closing Date is July 23, 2008. GFT will wire the $100,000 compensation to the Receiver on July 21, 2008. The Receiver will send out the Receiver Notice Date on August 4, 2008 and transfer the customer funds to GFT on August 6, 2008. GFT should be able to get the customers started on trading or withdrawing funds during the 1st or 2nd week of August.

The Notice of Appeal by Mr. Gray was only a notice, not an order. We do not anticipate that it would affect the distributions to customers at this point.


Regards,
Lillian
  • #296
  • Jul 18, 2008 7:50pm Jul 18, 2008 7:50pm
Ahhh.... the nightmare is near the end.... Now, they just need to prosecute the guy for fraud.... but i don't care, i'm just hoping to get the money, no need to be vindictive.

Quoting TripTrap
Ok....I just got this email from Lillian at Robb Evan & Associates about the timeline of events for getting our money back. This should clear up the questions. She also mentions that the appeal by Mr. Gray should not be an issue.
-------------------------------------------------

As the order approving the agreement was filed on July 17, 2008, the Initial Closing Date is July 23, 2008. GFT will wire the $100,000 compensation to the Receiver on July 21, 2008. The Receiver will send out the Receiver Notice Date on August 4, 2008 and transfer the customer funds to GFT on August 6, 2008. GFT should be able to get the customers started on trading or withdrawing funds during the 1st or 2nd week of August.

The Notice of Appeal by Mr. Gray was only a notice, not an order. We do not anticipate that it would affect the distributions to customers at this point.


Regards,
Lillian
  • #297
  • Jul 21, 2008 4:01pm Jul 21, 2008 4:01pm
ForexEdge,

If you are in contact with Lillian can you please post the update as the milestone dates occur. For example did they get the 100K today?

All your help is appreciated.


RxPipDaddy
  • #298
  • Jul 22, 2008 12:40pm Jul 22, 2008 12:40pm
Quoting RxPipDaddy
ForexEdge,

If you are in contact with Lillian can you please post the update as the milestone dates occur. For example did they get the 100K today?

All your help is appreciated.


RxPipDaddy
Yes....I emailed Lillian to make sure we were still on course. She replyed back that GFT did indeed send them the 100k. We are still good to go. August 6th is the actual date when GFT takes control of our accounts. It can't come soon enough....
  • #299
  • Edited 1:41pm Jul 29, 2008 1:31pm | Edited 1:41pm
Quoting TripTrap
Yes....I emailed Lillian to make sure we were still on course. She replyed back that GFT did indeed send them the 100k. We are still good to go. August 6th is the actual date when GFT takes control of our accounts. It can't come soon enough....

Just making sure everything is on course. Pilots can you do your pre-flight checks and assure all is still a go? I just saw this emergency motion for a stay of the Judge orders. Is this going to stop the transfer of funds? What is the disposition on this order? I hope the Circuit Court of Appeals finally strikes down this frivolous motion so that we can get our money back. Any information here will be well appreciated.
  • #300
  • Jul 29, 2008 4:34pm Jul 29, 2008 4:34pm
Quoting RxPipDaddy
Just making sure everything is on course. Pilots can you do your pre-flight checks and assure all is still a go? I just saw this emergency motion for a stay of the Judge orders. Is this going to stop the transfer of funds? What is the disposition on this order? I hope the Circuit Court of Appeals finally strikes down this frivolous motion so that we can get our money back. Any information here will be well appreciated.
I did email Lillian about the emergency motion. I was surprised to hear back from her so soon in light of the earthquake out there. Looks like we are still on track. Here is her email........
------------------------------------------------------------------
Thank you. We are all well. After hearing the bad news from all over the world, I have to admit that we do get scared.

The Receiver is required to respond to the Emergency Motion filed by Mr. Gray by this Friday. We do not think it will affect the account transfer to GFT. There is no court order ruling against the sale to GFT to date. We are still on schedule. All the files were transferred to GFT. On August 4th, the Receiver will formally notify the customers of the transfer. On August 6th, the Receiver is scheduled to transfer the funds to GFT. Shortly after the transfer date, the customer will be able to continue to trade to withdraw the funds with/from GFT.

Very truly yours,
Lillian Lee
Deputy to the Receiver
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