 A picture is truly a 1000 words I couldn't have said it better | MY LATEST RANT |
I recently went on to Linkedin to see if there were any topics of interest I should participate in. One of my groups that I joined discusses trade and private placement platforms, bank guarantees, high yield investments, etc. I am always looking for new potential opportunities for investment particularly when it comes to a high yield investment like a trading platform. It certainly makes my job easier when it comes to producing stellar results. Unfortunately, stellar results from a trading platform are very difficult to come by.
With all the negative press that these so called "private placement" groups attract, I'm surprised that a lot of people who are not wealthy or even sophisticated investors are even discussing the subject. Everyone seems to know a guy or have a friend that participated in one of these fly-by-night investment pools and made a ton of money. Seldom, do people have any specific or meaningful information about the particulars or some proof of performance.
Occasionally, there is mention of a point guy. This guy is usually not an investment professional and is certainly not a wealthy man but somehow this private placement group has him pegged as their rep/unlicensed broker soliciting on their behalf. If you were to ask this point guy any questions, he could not give you any answers other than to tell you to fill out a customer information sheet (CIS) and he will submit it to the program principle(s) and at their discretion may contact you and provide details about the investment program.
The CIS packet that you will fill out contains information about you and possibly your family members, business profile, passport #, Drivers license #, etc. All the juicy stuff any identiy theif would appreciate you providing. You then submit this packet to the mysterious dark robed point guy who you know nothing about. He in turn will submit the packet to his overlord masters who may get in touch with you if they decide to select you from the millions of applicants begging to invest in such an elite and very selective program. Uh, yeah...bringing me to the subject at hand - Daryl.
I gave Daryl the link to this page so I hope you are reading this my friend. Daryl posted his ad on Linkedin.
_____________________________________________________________________________________________________________________
$250K Min PPP $250K Min PPP
CIS/KYC; Tearsheet (Most Banks are Aceepted); Passport copy; PPA
I do intake and will send to my associate who is a Platform Principal in a Big Trade.
He will place file wherever client will earn the most money in the shortest time.
Compliance takes 48-72 Hours and Principal Client will be contacted directly by Platform.
Admin Hold. Funds DO NOT Move
_____________________________________________________________________________________________________________________
Despite the spelling error(s), you click on the post and you can contact him and he will send out a CIS package. So I requested that Daryl provide more specifics about the programs he was a representing/brokering and asked for proof of performance. The chronological e-mails are below.
Daryl Crabtree <[email protected]>:
Hello,
These private placement platforms are just what the name says
"private". They do not solicit or "proof up". I am an independent consultant. I
only do intake. I need CIS/KYC (attached); Tearsheet from bank; Passport
copy and PPA (attached) to submit to my associate who is a 100M Platform
Principal who will place file in whatever trade will earn client the
most money in the shortest time. If you are monetizing a Financial
Instrument such as a BG, include docs. Monetization can take 3-5 days after
Compliance and is 75%-80%. Compliance takes 48-72 Hours. Then Principal
Client will be contacted by the Platform to discuss particulars.I can tell you that
historical returns for the "Smaller" trades can be 60% monthly and for
Larger platforms historically can return 100% weekly. That is a
estimation and the Platform and the Principal Client will discuss profits and
details after Compliance. Thank you.
<dmahoney> wrote:
Daryl,
Thank you for the quick response. Yes, I realize what they are. I have
invested in them and currently do invest in them. I am not filling out
a compliance package at this point. You as a broker should have trade
desk proof about what you're pushing. There are a lot of snakes and I tend
to encounter many of them. I run a small hedge fund that invests 10% of our
funds under management in platforms but I like very distinct programs
and I want to see as much proof of performance as I can. I cannot fill out
the CIS without this.
This is private info in the hands of strangers. No telling what could
happen. Surely you can understand that. I am always looking for good
solid programs that have complete transparency. There should not be any
hesitation in the program manager to provide info. I will be more than
happy to sign a confidentiality and non-disclosure agreement if
necessary.
If you on the other hand know individuals who want to reduce their
capital exposure or can't afford the minimum investment, I would be
willing to pool funds together. Let's make something happen here.
Enjoy the holiday.
Daryl Crabtree <[email protected]>:
I am not a broker and am not pushing anything. The platform will not
provide proof at this point. There is no risk to the funds as they do
not move. The client must make the first move otherwise they would be
soliciting. This is done by submission of complete package. Unless a
submission is made first the platform cannot contact the client.
The word from the platform principal is Get the packages together.
<dmahoney> wrote:
Darly,
You are a broker if you do the soliciting on their behalf. Dude, cut
your losses now. Don't mess with any organization that isn't
transparent. They aren't real and if they are they would gladly
provide info for you. There are a lot of claims of non-depletion
accounts, etc. but I have found only ONE where that was the case.
That's why I always use an insurance wrap. I know how these work and
have been in arbitrage for years. I actually cover this specific
subject on my blog. Check it out...
http://www.millionairemakeradvisory.com/my-ppp-experiences.html
Do not fall for this crap or solicit something you know very little
about. You can be named in a lawsuit if something went wrong. There
are a lot of guys out there that weren't licensed investment
professionals that are hanging upside down from the rafters just look
at Joe Tufo's case. He pushed an unscrupulous organization. The
investors got ripped off and who did the investors have... Joe. He
didn't do anything other than exactly what you are doing and the SEC
broke this guy in half. He was a millionaire at one time and lost
EVERYTHING in his late 50's.
Daryl Crabtree <[email protected]>:
My name is Daryl not Darly. I am not meaning to solicit you. I am not a
broker. I have lost nothing.
<dmahoney> wrote:
Sorry about the typing error. You have a message on Linkedin. If that
isn't a form of soliciting then why did I contact you? Good luck with that
and you may want to shop for an attorney just incase one of your
non-solicitations results in an investor getting ripped. Whose head do you
think they will have on the chopping block?
Daryl Crabtree <[email protected]>:
I do not know why you contacted me.
_____________________________________________________________________________________________________________________
OK, clearly Daryl is in over his head when it comes to this particular subject. I'm sure he is a nice guy trying to make a buck brokering these types of programs. There are a ton of people out there trying to broker anything just to make a few bucks. They don't know if it is a scam or not but as long as they can get a possible commission out of it, they're happy. To hell with their client if they get ripped-off. These "brokers" don't seem to share a sense of responsibility for their clients. I just think that is bad business and for that, I think Daryl is being a schmuck to himself and his potential clients. They seem to not understand that there is a level of accountability that exists.
I can hear brokers rallying to hang me while screaming, "It's not our responsibility to protect the clients"!
Although, it is impossible to protect them from unknown factors but it is the obligation of the broker to empower the investor with as much knowledge of the investment so that they can make an educated decision. Unfortunately, I have found that a lot of folks don't share that view. That's why I ask questions. Maybe I will miss out on the investment opportunity of the century but at the end of the day I didn't lose anything.
Guys like Daryl are being used by groups that prefer to remain in the shadows. He thinks he's doing nothing wrong like our friend Joe Tufo mentioned earlier. Joe is a good man who actually believes that a man's word and a handshake are binding. He was destroyed and crucified across the internet. I researched his particular dilemma and realized that Joe was too trusting and allowed himself to be a tool.
TRUST IN NOTHING BUT GOD! (Will all atheists and agnostics please sit down!) Trusting in man leaves too much to be desired. I have an uber-rich friend that cringes when I mention trade platforms. I asked if he wanted to go in on a deal together to curb the investment risk and he went bananas stating that he lost $30 million dollars on that crap. I think to myself...$30 million? Who invests that much money on a deal that he obviously didn't control. My friend is very smart and a self-made super rich guy. He got caught up in the hype of it all, so he fell for the okey-doke.
Do your research everyone. If there is no transparency about the organization, forget about it! If these organizations are so private and selective, why is it that they are often represented by guys who can't afford the program and have never invested in a platform. How selective is that dynamic?
There is no doubt that there are very selective and coveted investment opportunities that exist solely for the rich. I am aware of a few but you can best believe Joe Schmo isn't representing them. Please be careful and don't fall for the hype and promises.
With all the negative press that these so called "private placement" groups attract, I'm surprised that a lot of people who are not wealthy or even sophisticated investors are even discussing the subject. Everyone seems to know a guy or have a friend that participated in one of these fly-by-night investment pools and made a ton of money. Seldom, do people have any specific or meaningful information about the particulars or some proof of performance.
Occasionally, there is mention of a point guy. This guy is usually not an investment professional and is certainly not a wealthy man but somehow this private placement group has him pegged as their rep/unlicensed broker soliciting on their behalf. If you were to ask this point guy any questions, he could not give you any answers other than to tell you to fill out a customer information sheet (CIS) and he will submit it to the program principle(s) and at their discretion may contact you and provide details about the investment program.
The CIS packet that you will fill out contains information about you and possibly your family members, business profile, passport #, Drivers license #, etc. All the juicy stuff any identiy theif would appreciate you providing. You then submit this packet to the mysterious dark robed point guy who you know nothing about. He in turn will submit the packet to his overlord masters who may get in touch with you if they decide to select you from the millions of applicants begging to invest in such an elite and very selective program. Uh, yeah...bringing me to the subject at hand - Daryl.
I gave Daryl the link to this page so I hope you are reading this my friend. Daryl posted his ad on Linkedin.
_____________________________________________________________________________________________________________________
$250K Min PPP $250K Min PPP
CIS/KYC; Tearsheet (Most Banks are Aceepted); Passport copy; PPA
I do intake and will send to my associate who is a Platform Principal in a Big Trade.
He will place file wherever client will earn the most money in the shortest time.
Compliance takes 48-72 Hours and Principal Client will be contacted directly by Platform.
Admin Hold. Funds DO NOT Move
_____________________________________________________________________________________________________________________
Despite the spelling error(s), you click on the post and you can contact him and he will send out a CIS package. So I requested that Daryl provide more specifics about the programs he was a representing/brokering and asked for proof of performance. The chronological e-mails are below.
Daryl Crabtree <[email protected]>:
Hello,
These private placement platforms are just what the name says
"private". They do not solicit or "proof up". I am an independent consultant. I
only do intake. I need CIS/KYC (attached); Tearsheet from bank; Passport
copy and PPA (attached) to submit to my associate who is a 100M Platform
Principal who will place file in whatever trade will earn client the
most money in the shortest time. If you are monetizing a Financial
Instrument such as a BG, include docs. Monetization can take 3-5 days after
Compliance and is 75%-80%. Compliance takes 48-72 Hours. Then Principal
Client will be contacted by the Platform to discuss particulars.I can tell you that
historical returns for the "Smaller" trades can be 60% monthly and for
Larger platforms historically can return 100% weekly. That is a
estimation and the Platform and the Principal Client will discuss profits and
details after Compliance. Thank you.
<dmahoney> wrote:
Daryl,
Thank you for the quick response. Yes, I realize what they are. I have
invested in them and currently do invest in them. I am not filling out
a compliance package at this point. You as a broker should have trade
desk proof about what you're pushing. There are a lot of snakes and I tend
to encounter many of them. I run a small hedge fund that invests 10% of our
funds under management in platforms but I like very distinct programs
and I want to see as much proof of performance as I can. I cannot fill out
the CIS without this.
This is private info in the hands of strangers. No telling what could
happen. Surely you can understand that. I am always looking for good
solid programs that have complete transparency. There should not be any
hesitation in the program manager to provide info. I will be more than
happy to sign a confidentiality and non-disclosure agreement if
necessary.
If you on the other hand know individuals who want to reduce their
capital exposure or can't afford the minimum investment, I would be
willing to pool funds together. Let's make something happen here.
Enjoy the holiday.
Daryl Crabtree <[email protected]>:
I am not a broker and am not pushing anything. The platform will not
provide proof at this point. There is no risk to the funds as they do
not move. The client must make the first move otherwise they would be
soliciting. This is done by submission of complete package. Unless a
submission is made first the platform cannot contact the client.
The word from the platform principal is Get the packages together.
<dmahoney> wrote:
Darly,
You are a broker if you do the soliciting on their behalf. Dude, cut
your losses now. Don't mess with any organization that isn't
transparent. They aren't real and if they are they would gladly
provide info for you. There are a lot of claims of non-depletion
accounts, etc. but I have found only ONE where that was the case.
That's why I always use an insurance wrap. I know how these work and
have been in arbitrage for years. I actually cover this specific
subject on my blog. Check it out...
http://www.millionairemakeradvisory.com/my-ppp-experiences.html
Do not fall for this crap or solicit something you know very little
about. You can be named in a lawsuit if something went wrong. There
are a lot of guys out there that weren't licensed investment
professionals that are hanging upside down from the rafters just look
at Joe Tufo's case. He pushed an unscrupulous organization. The
investors got ripped off and who did the investors have... Joe. He
didn't do anything other than exactly what you are doing and the SEC
broke this guy in half. He was a millionaire at one time and lost
EVERYTHING in his late 50's.
Daryl Crabtree <[email protected]>:
My name is Daryl not Darly. I am not meaning to solicit you. I am not a
broker. I have lost nothing.
<dmahoney> wrote:
Sorry about the typing error. You have a message on Linkedin. If that
isn't a form of soliciting then why did I contact you? Good luck with that
and you may want to shop for an attorney just incase one of your
non-solicitations results in an investor getting ripped. Whose head do you
think they will have on the chopping block?
Daryl Crabtree <[email protected]>:
I do not know why you contacted me.
_____________________________________________________________________________________________________________________
OK, clearly Daryl is in over his head when it comes to this particular subject. I'm sure he is a nice guy trying to make a buck brokering these types of programs. There are a ton of people out there trying to broker anything just to make a few bucks. They don't know if it is a scam or not but as long as they can get a possible commission out of it, they're happy. To hell with their client if they get ripped-off. These "brokers" don't seem to share a sense of responsibility for their clients. I just think that is bad business and for that, I think Daryl is being a schmuck to himself and his potential clients. They seem to not understand that there is a level of accountability that exists.
I can hear brokers rallying to hang me while screaming, "It's not our responsibility to protect the clients"!
Although, it is impossible to protect them from unknown factors but it is the obligation of the broker to empower the investor with as much knowledge of the investment so that they can make an educated decision. Unfortunately, I have found that a lot of folks don't share that view. That's why I ask questions. Maybe I will miss out on the investment opportunity of the century but at the end of the day I didn't lose anything.
Guys like Daryl are being used by groups that prefer to remain in the shadows. He thinks he's doing nothing wrong like our friend Joe Tufo mentioned earlier. Joe is a good man who actually believes that a man's word and a handshake are binding. He was destroyed and crucified across the internet. I researched his particular dilemma and realized that Joe was too trusting and allowed himself to be a tool.
TRUST IN NOTHING BUT GOD! (Will all atheists and agnostics please sit down!) Trusting in man leaves too much to be desired. I have an uber-rich friend that cringes when I mention trade platforms. I asked if he wanted to go in on a deal together to curb the investment risk and he went bananas stating that he lost $30 million dollars on that crap. I think to myself...$30 million? Who invests that much money on a deal that he obviously didn't control. My friend is very smart and a self-made super rich guy. He got caught up in the hype of it all, so he fell for the okey-doke.
Do your research everyone. If there is no transparency about the organization, forget about it! If these organizations are so private and selective, why is it that they are often represented by guys who can't afford the program and have never invested in a platform. How selective is that dynamic?
There is no doubt that there are very selective and coveted investment opportunities that exist solely for the rich. I am aware of a few but you can best believe Joe Schmo isn't representing them. Please be careful and don't fall for the hype and promises.
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