Report: #624280

Complaint Review: Elite Global Trading - Internet

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Ripoff Report is Xcentric Ventures

Submitted: Sat, July 17, 2010
Updated: Sat, July 17, 2010
Reported By: noone — Fort lauderdale Florida United States of America

Author Not Confirmed

Why?

Elite Global Trading Internet United States of America

Phone:
Web: eliteglobaltrader.com
Category: Financial Services

Elite Global Trading Ponzi scheme, trading scam, Internet

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I will break down my report into the two areas these people need to be exposed in. The first includes ripping off investors and the second includes ripping off employees/interns. James Putra, Ryan Ferderer, Anthony Rousseau, Fred Smilek are scammers.

Ripping off investors:

When I started the place was called "Recon Trader Corporation". Within a few weeks of starting I became aware of a the business name change that was under way. They told everyone who was not part of the top 4 (James Putra, Ryan Ferderer, Anthony Rousseau, Fred Smilek) that the reason for the name change was simply because an investor wanted a different name. In hindsight it was because the name "Recon Trader Corporation" came up on rip-off reports essentially making it impossible to get new investors to give them money.

The investors that did go in for a "demo" of the system were told a bunch of lies. The investors were told that the "proprietary trading system" was inspired by NASA, air force cockpits, and traffic lanes on Interstate-95. In reality, their "proprietary trading system" is made up of technical indicators that can be found on the internet. For instance, if you Google John Elhers you will find indicators like the "inverse fisher transform" that they ripped off from him and now call their own. James Putra, Ryan Ferderer, Anthony Rousseau, Fred Smilek just meet and make these stories up together or on the fly.

James Putra, Ryan Ferderer, Anthony Rousseau, and Fred Smilek claim that they can use their "proprietary system" to generate revenue trading in the foreignexchange markets. There is one major flaw with this claim, THEY CANNOT TRADE TO SAVE THEIR LIVES. They had no trade logs showing profitable trading operations. If you are an investor and do not believe this report simply ask them to give you a year of trade logs (in a timely manner of course) to prove their profitability. They wont be able to produce it.

To continue their operations James Putra, Ryan Ferderer, Anthony Rousseau, and Fred Smilek continuously look for new investors to give them money. They tell the investors that they are going to be bought out in the near future by a large financialinstitution and that their "proprietary system" is easily worth $500 million. Apparently they have been saying this for a while. I don't know if it will ever come to fruition but I do know that when I was there they didn't not generate any revenue from trading. The only way they are still around is by getting new investors to give them money.

Ripping off interns:

James Putra, Ryan Ferderer, Anthony Rousseau, and Fred Smilek claim to have a 3 month UNPAID internship program that puts you on the fast track to becoming a part of their "team". In reality, since they do not generate revenue and must keep their costs down, the program is just to get free labor from people like myself who would do anything for an opportunity.

James Putra, Ryan Ferderer, Anthony Rousseau, and Fred Smilek make you get them coffee, clean their dishes, get their laundry, and help them move from a penthouse on ft lauderdale beach to a multimillion dollar rental house in lighthouse point. Meanwhile they pay you nothing and make you work insane hours. I was told as unpaid intern that I needed to be in the office around 5 am and did not leave some nights until 8 or 9 pm. One time I was there until 2 am, almost working a full 24 hours UNPAID.

They told us that we were making the sacrifice that was need to prove we were dependable and trustworthy. They told us that we would be broken off once they sell their trading system. They made promises that we would all get rich together and that all the hard work we were putting in was not for nothing.

Whether you are an investors or a potential intern, please save your time and money and stay far away from these people. Check out this site dedicated to bring down these cronies www.thetruthaboutrecontrader.com.

Here are other links exposing more.

Fred Smilek, James Putra, Ryan Ferderer and Anthony Rousseau

Same company
(((link redacted)))

http://www.ripoffreport.com/brokerage-companies/robert-silverman/robert-silverman-atlantic-capi-e6996.htm

(((link redacted)))
http://www.ripoffreport.com/financial-services/elite-global-trading/elite-global-trading-fred-smil-8fe8b.htm

http://www.ripoffreport.com/financial-services/elite-global-trading/elite-global-trading-fred-smil-76c47.htm

http://www.ripoffreport.com/financial-services/elite-global-trading/elite-global-trading-elite-glo-e7ce5.htm

(((link redacted)))

This is a ponzi scheme led by "Fred Smilek", "James Putra", "Ryan Ferderer" and "Anthony Rousseau"

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 07/17/2010 05:58 PM and is a permanent record located here: https://www.ripoffreport.com/reports/elite-global-trading/internet/elite-global-trading-ponzi-scheme-trading-scam-internet-624280. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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