Club-FX Recovery Plan on Page 2 at Nobullshit Network Forum

**allinvain** · 05-03-2007, 02:39 PM

Quote:

Originally Posted by router

The bans been lifted already - but the alter-egos are still banned.

Can someone explain a couple of questions that are still nagging at me. Mind you I am alittle naive about some of this and don't really understand the trading plateforms yet but here are a couple of questions I still have.
With everything going on at e-gold at the time wouldn't that have been the worse thing to do. Even though the trading platform he was using was e-gold based - even worse case and e-gold shut down wouldn't another method of withdrawl from trade be provided. (although maybe taking longer and more fees) Hense wasn't things safer in trade given the e-gold problem.
How much do people move at one time through e-gold? Surely a single move of 600,000 - 1K. (estimates I've heard) might have raised a red flag even with the feds given what was going on.
I'm still having a hard time believing some of this, I hope the recovery plan is for real. If it is my hats go off to PeterB.

I got nervous about a large amt. sitting in e-gold myself and since my exchanger was down I thought it was safer in ClubFX for another month (and another program I'm interested in stopped e-gold) Kick myself!!!!!! Must have deposited shortly befor the hack that day.

Follow this thread if you aren't already:

GoldenTalk - The best forum about HYIP (High Yield Investment Programs) - Club-Fx

From what I understand, Peter decided to move the money from the e-gold based broker into a $ based one because people were concerned about the e-gold issue causing problems for the fund. I don't think it would've made one difference when he decided to move the funds from his broker to his e-gold account because if his system's security was compromised, then eventually he would've been hacked.

As for a large amount raising flags at e-gold, nope, I doubt e-gold keep an eye on your spending habits. You can probably move millions in and out and they won't really care - your exchanger might, but that's a different discussion.

Now, about the recovery plan, well, it remains to be seen what will happen. Indeed Peter would deserve a break from the denunciations if he gets to work and starts earning back our lost funds. However, be prepared for the refunding process to take a LONG time (over a year for sure) as a huge sum of money has been lost and earning that back on the forex market is not quite a piece of cake, especially if you don't have much starting capital to put the power of massive leverage at work.

Now we play the waiting game.

router · 05-03-2007, 03:06 PM

Quote:

Originally Posted by allinvain

Follow this thread if you aren't already:

GoldenTalk - The best forum about HYIP (High Yield Investment Programs) - Club-Fx

As for a large amount raising flags at e-gold, nope, I doubt e-gold keep an eye on your spending habits. You can probably move millions in and out and they won't really care - your exchanger might, but that's a different discussion.

Now we play the waiting game.

Thanks Allinvain ! I've been following the thread and it is good.

Maybe not with e-gold but an exchanger, I guess that was my point. Wasn't that a risk at this time with everything going on or that was not even enough money to raise red flags..

Ya I hate the waiting game.

**allinvain** · 05-03-2007, 04:20 PM

True, it was a risk, but Peter claims that it was the prudent thing to do at the time. Perhaps he was afraid that the club's funds would be stuck with the broker?

I heard word that Jude will try to get Peter to join us in our forum, so then you can ask him your questions directly.

router · 05-03-2007, 04:33 PM

Quote:

Originally Posted by allinvain

True, it was a risk, but Peter claims that it was the prudent thing to do at the time. Perhaps he was afraid that the club's funds would be stuck with the broker?

I heard word that Jude will try to get Peter to join us in our forum, so then you can ask him your questions directly.

Ya I read that - it just didn't seem resonable to me. (again because of lack of forex trading knowledge) Then I just read the thread on marketeva with Jude and Dan talking about their concern of e-gold based programs. I guess I just assumed the brokers would just provide other options if e-gold remains a problem. I think I was wrong.

**allinvain** · 05-03-2007, 06:54 PM

yah..huge holders of e-gold like marketiva definitely have something to be worried. Think about all the people's money being frozen! What will marketiva do? Cover their clients' loss? I think not!

konig · 05-03-2007, 07:32 PM

Well I haven't the right to complain here at all. Since no money was lost. Perhaps the ol' wait and see what happens is required. In the mean time, I intend to learn more about FX through this forum and others. There certainly is quite a few members that have a decent grasp of the basics in this somewhat fun & potentially dangerous investement.

Schminner · 05-11-2007, 01:25 AM

All I can say is ... Don't hold your breathe

**Jude** · 05-12-2007, 09:51 AM

agree, i have seen some screenshots sent by a reader, and i'm really not sure whether are they genuine too.

**allinvain** · 05-12-2007, 07:01 PM

really? would you be willing (or able) to post them on your blog or here in the forum? Or maybe PM them to me?

seemezoo · 05-15-2007, 07:51 PM

Quote:

Originally Posted by Jude

agree, i have seen some screenshots sent by a reader, and i'm really not sure whether are they genuine too.

Hi Jude,
Could I (we) ask about that a little more?
If you say not sure if they are jenuine, probably they aren't, but...........

Is that reader someone you've known or heard of before?
For what screenshots did he/she send?
Was there any message included?

I'm having a hard time to make some sense over the recent PeterB's post at TG, thought I'd just ask...

Also ... have you heard anything from PeterG (yes G) in private about the incident? (here not asking detail ... just yes or no

)

Sorry about nosy questions... and Thanks in advance,

yuko