I became involved with an arbitrage trading venture headed by YASSER ATTIA, an Egyptian national back in 2008 when he was refered by an associate. Yasser was offering his investors a monthly return based on his no-risk trading methology. As an arbitrage trader, he would buy and sell the same or closely related securities simultaneously to take advantage of the price or value differences in two separate markets such as the NYSE and the CME futures. He and his partner had an office in the US Bank towe in downtown L.A. Daystar Holdings, LLC, whereby the offered an 8-week plan to try out their service. After a successful 8-weeks, they opted to extend the term of the agreement. Since everything went as planned, I agreed.
Shortly thereafter, Yasser Attia started two ventures, an IRA fund called Direct Capital Investments, Inc. and PrimeCap Holdings, LLC., thus new contracts were executed. All of us continued to have our monthly returns forwarded to us. Until April 2009 when the checks stopped. When asked about this Yasser Attia provided the excuse that one of his trades was not executed as placed by a large bank and as a result, a substantial amount of money was lost. Was any documentation provided to any of us, regarding this alleged mistrade? No. Where we going after the bank whose error cost millions of dollars? No.
So Attia conjured up this "refund" plan to get us all the original investment capital. He would do this when all investors provided capital for him to trade the account into the size before this "mistrade" took place. He was soliciting funds to "right this wrong" and get all of the funds back.
Sure enough, lie after lie after lie, he managed to scam him investors out of more funds by throwing at us the hope of recuping those lost funds. There were rumors that the government had frozen all of his bank accounts and assets. Who knows. Last I heard, he flew back to Egypt, probably living like a king now. Be aware of this individual. He used to live in 921 N Rexford Dr, Beverly Hills, 90210 and in 222 Figueroa St. Apt 1122, Los Angeles, CA 90012. His former phone numbers are (323-384-7407 & 323-448-7234 with e-fax 307-222-0423). and his skype IDs are attia.yasser & yasser.attia4. He might also have the alias Yasser Omar. He was born in October 1969. Was married (claimed to be in the middle of a divorce) and has two children, Omar Attia and Noor Attia, ages 6 and 8 approximately. Hopefully this information will prevent anyone else from falling victim to his individual.