ED Magedson – Founder
Boston Technologies280 Summer Street, 9th Floor Boston, Massachusetts USA
Boston Technologies scam, con artist, major scam, rip off Boston Massachusetts
I worked for this firm back in 2007 without knowing the FX industry. The managers told us that investors could not lose more than 30% of their investment because the trader always used risk management tools such as stops orders, trailing stops and hedging strategies.
Everything seemed real, we believed in the product and everyone assumed top management were good people.
They even encouraged their own employees to put their own money with the firm. Unfortunately, I invested too. The worst part was not losing my job or my savings. It was facing the clients/relatives/acquaintances without really knowing what happened.
After the firm went down, I started an intensive research and found out that the same group had a similar ponzi scheme a couple years earlier. The owners did not do it alone. They had their South African team (Gerda Van Wyk and Janelle Van Wyk) and others who were also part of the previous company. The third owner is not mentioned because he is currently running other firms in the US.
Below are some links:
This report was posted on Ripoff Report on 06/14/2013 07:01 AM and is a permanent record located here: http://www.ripoffreport.com/reports/boston-technologies/boston-massachusetts-02210/boston-technologies-scam-con-artist-major-scam-rip-off-boston-massachusetts-1059094. 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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