- Report: #1046945
Report - Rebuttal - Arbitrate
Complaint Review: Sovereign Market Systems
Sovereign Market Systems1945 S. Ocean Dr. #2408, Hallandale, FL 33009 Internet, Florida United States of America
Sovereign Market Systems Eric Weisbrot, Igor J. Weisbrot, James Weisbrot, Jim Weiss, Juliya Weisbrot, Juliya Simchuk This company stole money from a 92-year old - hasn't returned proceeds from silver sale, imposed exorbitant fees. Internet, Florida
*REBUTTAL Owner of company: arbitrate
*Author of original report: Read before you invest
*REBUTTAL Individual responds: here are the facts Jim
*Author of original report: Very sad, but very true
*REBUTTAL Individual responds: it's easy to slander and lie on the internet
*Author of original report: Report Update
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To top off the shady dealings, Sovereign charges a 15% fee on purchases, and a 15% fee on sales. I have the trade confirmations to prove it (finally got them emailed). They dont even follow their own account agreement on the bid-ask prices. Cheats!
Eric Weisbrot (also known as Igor J. Weisbrot (his real name), James Weisbrot, Jim Weiss), with COO wife (ex?) Juliya Weisbrot, also known as Juliya Simchuk, are the Sovereign thieves. You can find them on FB. She was the registered agent for Sovereign in Florida; now he is. They reside at 1945 S. Ocean Dr. #2408, Hallandale, FL 33009. You can view that condo on Zillow. The supposed office phone number is 212.537.6049. Igors mobile is 646.416.4221. Igor does not answer his cell phone anymore nor does he return messages from clients anymore.
The respectable-sounding Wall Street address of Sovereign is another part of the total sham - the NYC office of Sovereign is simply an answering service. Note that SMS is not registered with the SEC or the CFTC. 1945 S. Ocean Dr. #2408, Hallandale, FL 33009
To further illustrate their personal respectability, Eric was booked on possession of cocaine charges in Broward County, FL on May 24, 2012 (id #581200451).
Juliya was booked on battery/domestic abuse charges in Broward County, FL on November 2, 2012.
Do not do business with them, or you will lose all your money too. We are proceeding with complaints with the CFTC, the FBI, the US Attorney for the Southern District of Florida, as well as the State of Florida Division of Corporations.
This report was posted on Ripoff Report on 04/29/2013 05:19 AM and is a permanent record located here: http://www.ripoffreport.com/r/Sovereign-Market-Systems/Internet-Florida-33009/Sovereign-Market-Systems-Eric-Weisbrot-Igor-J-Weisbrot-James-Weisbrot-Jim-Weiss-Juliy-1046945. 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.
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