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Report: #1535711

Complaint Review: Crayford Advisors - Aventura Florida

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  • Reported By: Charles — Oxford United States
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  • Crayford Advisors 20200 West Dixie Highway Ste 902 Ste 902 Aventura, Florida United States

Crayford Advisors, George Atkins and Eli Adelberg Wouldn't do as I asked, then no longer respond Aventura Florida

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Crayford representative Eli Adelvberg called me a number of times and eventually gained my confidence.  He said he was a Jew who hated to lose money and was marreid to a Catholic., implying strong Judeo-Christian values.  It sounded like his firm was far more advanced in trading options than I was, using advanced logarythms to predict which directon major asset classes were going to trade. I eventually decided to give him and his firm a try.  First I sent them $3000 in June, 2024, which they quickly compounded, at least according the the on-line applicaiton they directed me to, Parsectrader.com , which monitored and reported  activity in my account with them. By the end of June, Eli Adelveberg turned my account over to George Atkins, Senior  Strategist.    I then wired Crayford another  $20,000 in July, 2024, for a total of $23,000 that I invested.  By correctly calling a move in gold, my account value exceeded $450,000 within 4 months, according to Parsectrader.com.  When gold started to slip and the  account went down to about $300,000 in value, I started to request that I be sent one-third of my accounts value as soon as possible,  They said they had an institutional sized postion and had to pull the entire positonout at the same time, and could not jsut liquidate my portionof the postion out.  When my share of the positon was worth about $250,000, they re-invested it, selling the fold postion, preseumably collecting theri 15% commission of about $34,000 on profits earned so far, and reinvested it into a longer, higher  gold price position, which anticipated  gold to go up another 20% in 2-3 months after it had already gone up 30% in the past year.  From there, along with gold, my position went down in value to first, about $88,000.  Then they reinvested into Nasdag 100 futures, never liquidating earlier or sending me any of my money back when changing positons, despite previous requsts to do so by email and voice messages.  You can never get anyone there immediatly by phone, only when they want to call you back.  I left voice mails and emails telling them a number of times I wnated to cash out before I lost any more in value,  When my account value declined to about $30,000, they stopped updating its value on Parsec Trader.  No one at Crayford will now return my calls or emails anymore.  I fear that my $23,000 is lost.

This report was posted on Ripoff Report on 01/18/2025 01:38 PM and is a permanent record located here: https://www.ripoffreport.com/report/crayford-advisors-george-eli/aventura-florida-wouldnt-i-no-1535711. 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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