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Report: #1343449

Complaint Review: Porter Finance - Internet

  • Submitted:
  • Updated:
  • Reported By: Grover — Fortson Georgia USA
  • Author Confirmed What's this?
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  • Porter Finance Internet USA

Porter Finance Deliberately made bad trades to empty my funds from my account and made false statements and promises. London, England, United Kingdom Internet, New York, Los Angles

*Author of original report: Update to earlier report on Porter Finance

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  I initially invested $250.00, was contacted by a broker, David Ferro, and invested $1000.00 and every time I went on the site, he would call.

  We did some trades that were successful.  I wanted to do just small trades.  He kept telling me that he couldn't work with me unless I invested more.  We did a longer term trade for $5000 which I deposited.

  David still kept urging me to put in more money.  I told him I just wanted to do the little trades like when we started when he was calling me several times a week and we were winning some and losing some but still coming out ahead.  After making several more deposits, David handed me of to another broker, Dean Rossini. I also traded sometimes with Lucy Darwin.

  During this time period my account grew very nicely. Then I was handed off to Donald Mayfield, with intermittent contact with Alex Miller and Nicolas Bailey. They convinced me to add more money to move to a high trade level. This I did, some large sums of money.

  That's when everything went south. Donald was making longer term trades, in the High/Low catagory. He was doing okay in the beginning and built up my confidence in him. That's when he started doing bad investments delibertly and within a month all my money was locked into these long terms and going badly. They make these High/Low trades that sometimes go out 3 months and once they are in, you can't do a thing about them.

 This company is beneath contempt.  They do not do what they say they are going to do.  Donald said he would get me my money back like he promised. This has not happened. Now they won't even call and my emails are returned as undeliveriable. The fact that they have offices in the USA and they aren't in jail, surprises me. These people need to make restatusion and be put out of busines.

I have been so upset I can't begin to believe that I lost my hard earned money for which I needed for medical expenses and living cost.  I am devastated. My wife is beyond anger with me.

This report was posted on Ripoff Report on 12/15/2016 12:49 PM and is a permanent record located here: https://www.ripoffreport.com/reports/porter-finance/internet/porter-finance-deliberately-made-bad-trades-to-empty-my-funds-from-my-account-and-made-fa-1343449. 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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#1 Author of original report

Update to earlier report on Porter Finance

AUTHOR: - ()

POSTED: Thursday, December 22, 2016

This is an update to an earlier report I submitted on Porter Finance. I continue to try and contact the account managers I delt with but, my email keep being returned by the postmaster saying they are undeliverable. I contact support@porterfinance.com and the claim their servers are being updated. Well, it has been over 2 weeks of "updating" and still email is rejected.

Please do not do business with this company unless you just want to wave goodby to your money because they will take it and not look back.

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