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PFGBest Accounts Frozen (PFG scandal big thread)
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PFGBest Accounts Frozen (PFG scandal big thread)

  #781 (permalink)
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Victim Impact Statements.

United States Attorneys Office - Northern District of Iowa

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  #782 (permalink)
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Watch the auction Live and even bid on items.

Great American Group presents: Accessories, On Behalf of the Trustees For The Estate of Russell Wasendorf Sr. auction / liquidation

Great American Group

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  #783 (permalink)
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who is right? which entity deserves our trust?


as trustee still emailed me as of last week, that my application to them for my refund was incomplete.

and i must resubmit in order to receive due considerations.

and as stubborn as i have always been since my youth,

i kept sending them everything that was asked for.

yet, there were email stating that the application was partial and incomplete and

that i must resubmit again.

traders, who is right anyway?

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  #784 (permalink)
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nakachalet View Post
as trustee still emailed me as of last week, that my application to them for my refund was incomplete.

and i must resubmit in order to receive due considerations.

and as stubborn as i have always been since my youth,

i kept sending them everything that was asked for.

yet, there were email stating that the application was partial and incomplete and

that i must resubmit again.

traders, who is right anyway?

I have received my 30%.

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  #785 (permalink)
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The vultures are stil circling. Received a letter from PrimeShares asking to buy what's owed to me from PFG for 35% minus the 30% bulk transfer or any other percentage bulk transfer I have received. If they want my stake for 5%, that means we should expect to get another 10%-20% disbursement sometime in the future. Anyhow, that's just speculation. Here's some news about the auction. Around one million was raised.

Wasendorf auction reaps $1 million

Sold: PFG auction capped time-consuming process : Business Monthly

NEW DETAILS: Estimated 1,000 bidders compete for Wasendorf property

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  #786 (permalink)
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hi avid traders, know anything about VISION brokerage....?


olobay View Post
I have received my 30%.

yes, i also received my purportedly 30%+ disbursement.

but alas.... the funds is NOT in my u.s. bank acct as of to date, even though the statement from vision dated october 1, 2012, stated that it already has possession of my trading funds from the trustee.

it is now december 18, 2012.... vision is still wanting to hang on to the funds and is not willing to wire transfer the funds.

however, per someone who is in the know suggested, i sent my complaint and correspondence email to the authority in the bankruptcy proceedings two days ago.

and we'll see just how long vision can hang on to this trading funds that does not and never belongs to it in the very first place.

if you wish to read the detail correspondence, here they are, presented in sequences.
------------------



Dr. N

Thanks for your below comment on our blog. If you are continuing to have problems accessing your money, I recommend you reach out to Mi.... (cc’d herein) and share with him the delay tactics being used by Vision and ask for his help in resolving it.


dr n says:
December 14, 2012 at 4:18 pm •

here is another reason, why some retail customers are not getting their trading funds being returned to them.

attached is one of the several email going back and forth between a former pfg customer and vision financial brokerage.

read for yourself and see, if vision is the kind of brokerage for you, ok?

AND THE ATTACHMENT IS PROBABLY THE 8TH EMAIL ASKING FOR A PROMPT WIRE TRANSFER WHICH FAILS ON DELAY TACTICS. IT IS REALLY DISTURBING HOW THIS TYPE OF COMPANY COULD BE ALLOWED TO EXIST.

should a trader, any trader at all, put any amount of confidence and/or cash with such brokerage….?

——————-

hi r….

per your last correspondence which stated that i did not sign the W forms.

perhaps, you ought to know that on electronic form, it is not possible to affix a signature, except by typing and filling in one’s name–instead of signing.

furthermore, unless the form itself allows spaces for typing in or filling in one’s name, there is no way to arbitrarily insert the name.

if you would observe, i did type in my name after the date appearing on the lower right hand corner which is the only space
that i could insert my name.

as this is my last working day for this week, i surely hope that you could help to expedite the wiring of my funds to my bank as previously provided.


[COLOR="rgb(75, 0, 130)"]most financial institutions require that the wire transfer request be completed before 11 a.m., and this is what i am trying to do now for several days.

perhaps you also ought to be aware that there have been a dozen of email going back and forth between your vision company and myself.

thousands of internet and active traders would see our correspondence, some of which really is just dragging your feet sort of attitudinal problems and
in my opinion is really just delaying tactics.

i sincerely hope you or someone else who is able to help me out, do so today by returning my trading funds by wire transfer before 11 a.m. today.

AND IF THERE IS ANYTHING ELSE THAT IS NEEDED, PLSE DO LET ME KNOW RIGHT AWAY, SO THE WIRE COULD GO OUT FROM YOUR ACCOUNTING DEPT BEFORE 11 A.M. TODAY, THURSDAY, DECEMBER 13, 2012.

thx much for all your assistance.

———————-

as of to date, saturday, december 15, there is not even a customary electronic reply that my email has been received. formerly, there was also a routine email stating that my email has been received and someone would get in touch with me. well…. we’ll see…. how much longer vision can drag this on and out …. L O L[/COLOR]

----------------
today, wednesday, december 18, 2012.... the incoming wiring dept said that there was no incoming wire from vision as of 4 p.m.

we'll see if someone with the trustee will be able to pry the funds loose from vision....

just wondering out loud.... how well will vision perform as a broker.... and in keeping our trading funds safe....?

worst of all, i placed a personal call, transpacific international call, to vision last thursday or so....

i was told to leave a message and someone would get back to me....

it is now about a week since.... no one from vision bothers even to acknowledge and responded....

trading friends, just be extra cautious, K?

warm regards and profitable trading everyone

nakachalet@gmail.com


Last edited by nakachalet; December 18th, 2012 at 11:56 PM.
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  #787 (permalink)
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@nakachalet

are you with Vision now? You have a funded account and they wont send wire to you? Is this correct?

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  #788 (permalink)
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Vision is working through thousands of accounts from PFG.
Naturally, some stay while some want to move but they are doing their best to help.
Further, due to regulatory requirements forms have to be submitted in a certain way and fully completed.

We @ Optimus Trading Group have help have accommodate customers in transition to our platforms and/or respected people's wishes to receive their funds.

I will assist you guys if you drop me an email, BUT this is a courtesy to futures.io (formerly BMT) members and I will do so as time permits because Optimus customer's needs come first, always. Alternatively, you can work with Vision because they are doing their best to help.

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #789 (permalink)
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rad4633, you are correct. any suggestion pls?


Rad4633 View Post
@nakachalet

are you with Vision now? You have a funded account and they wont send wire to you? Is this correct?

yes, you are correct. it is a cash on the barrel funded acct, per attachment.

any suggestion, pls?
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Dr. Naka,

Thanks for your below comment on our blog. If you are continuing to have problems accessing your money, I recommend you reach out to Mi.... (cc’d herein) and share with him the delay tactics being used by Vision and ask for his help in resolving it.


dr naka says:
December 14, 2012 at 4:18 pm • Edit
here is another reason, why some retail customers are not getting their trading funds being returned to them.

attached is one of the several email going back and forth between a former pfg customer and vision financial brokerage.

read for yourself and see, if vision is the kind of brokerage for you, ok?

AND THE ATTACHMENT IS PROBABLY THE 8TH EMAIL ASKING FOR A PROMPT WIRE TRANSFER WHICH FAILS ON DELAY TACTICS. IT IS REALLY DISTURBING HOW THIS TYPE OF COMPANY COULD BE ALLOWED TO EXIST.

should a trader, any trader at all, put any amount of confidence and/or cash with such brokerage….?
——————-

hi r…. (vision)

per your last correspondence which stated that i did not sign the W forms.

perhaps, you ought to know that on electronic form, it is not possible to affix a signature, except by typing and filling in one’s name–instead of signing.

furthermore, unless the form itself allows spaces for typing in or filling in one’s name, there is no way to arbitrarily insert the name.

if you would observe, i did type in my name after the date appearing on the lower right hand corner which is the only space
that i could insert my name.

as this is my last working day for this week, i surely hope that you could help to expedite the wiring of my funds to my bank as previously provided.

most financial institutions require that the wire transfer request be completed before 11 a.m., and this is what i am trying to do now for several days.

perhaps you also ought to be aware that there have been a dozen of email going back and forth between your vision company and myself.

thousands of internet and active traders would see our correspondence, some of which really is just dragging your feet sort of attitudinal problems and
in my opinion is really just delaying tactics.

i sincerely hope you or someone else who is able to help me out, do so today by returning my trading funds by wire transfer before 11 a.m. today.

AND IF THERE IS ANYTHING ELSE THAT IS NEEDED, PLSE DO LET ME KNOW RIGHT AWAY, SO THE WIRE COULD GO OUT FROM YOUR ACCOUNTING DEPT BEFORE 11 A.M. TODAY, THURSDAY, DECEMBER 13, 2012.

thx much for all your assistance.
———————-

as of to date, saturday, december 15, there is not even a customary electronic reply that my email has been received. formerly, there was also a routine email stating that my email has been received and someone would get in touch with me. well…. we’ll see…. how much longer vision can drag this on and out …. L O L


Last edited by nakachalet; December 19th, 2012 at 01:23 AM.
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  #790 (permalink)
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I submitted the forms per Vision's instructions and never received confirmation or
any type of reply. I called them several times and each time I received voice mail
but could not leave a message because "the mail box was full." After attempting
to reach them for 3 days I finally spoke to an operator/receptionist who transferred me to someone
by the name of Matthew. I received a check in the mail within about 5 days.

I never received confirmation that PFG received my claim electronically so I called and
they (the trustee) answered the phone. I mailed the required forms via registered
mail and have the signed receipt.

That's about the best I can hope for as proof that they (PFG/trustee) received my claim.

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