- Report: #1056009
Report - Rebuttal - Arbitrate
Complaint Review: Boston Technologies
Boston Technologies280 Summer Street, 9th Floor, Boston, MA 02210 Boston, Massachusetts USA
Boston Technologies Unbelievable Ripoff Boston Massachusetts
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
Washington, D.C., Oct. 28, 2010 — The Securities and Exchange Commission today charged two foreign currency traders and their Boston-based company with operating a fraudulent scheme in which they sent investors misleading account statements while stealing their funds and incurring major trading losses.
The SEC alleges that Craig Karlis of Hopkinton, Mass., and Ahmet Devrim Akyil formerly of Hingham, Mass., fraudulently raised approximately $40 million from approximately 750 investors in a purported foreign currency (Forex) trading venture through their firm Boston Trading and Research LLC (BTR). Investors were falsely promised that BTR had a system in place to limit trading losses. BTR also falsely claimed to investors that “we do not profit unless you do” while in reality Karlis and Akyil were illegally diverting investor money for their own personal use as well as to fund BTR’s operations and pay expenses for other companies with which they were associated. [continued below]....
The SEC document says there are 3 owners. Who is the third owner?
The third owner was George Popescu…..of Boston Technologies. Not surprising that his bio at the Boston Technologies website does not mention Boston Trading Research. It is said that George Popescu was the partner in charge of IT.
So knowing the stand-up kind of a guy that Karlis is, and that Devrim is in Turkey, how long before Karlis starts ratting out his old partner, George Popescu? Let the fat man sing.
the only one that is still buying expencive cars, gulery and houses is Mr. Popescy, now he is scamimng people with the trading platform which BT offers to clients.
This report was posted on Ripoff Report on 06/03/2013 01:02 PM and is a permanent record located here: http://www.ripoffreport.com/r/Boston-Technologies/Boston-Massachusetts-02210/Boston-Technologies-Unbelievable-Ripoff-Boston-Massachusetts-1056009. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.
Advertisers above have met our
strict standards for business conduct.