Club-FX Recovery Plan on Page 39 at Nobullshit Network Forum

**allinvain** · 06-15-2007, 04:37 PM

refunds will start at the end of this month, eh?....Does this mean EVERYONE will get a refund or only those with sums over $1k or whatever arbitrary number?

Traderj · 06-15-2007, 05:10 PM

Quote:

Originally Posted by Conciliator

Here's PaterB's latest post:It's odd to me how he acts like all the questions and suspiscions people have raised don't even exist.

and he will continue to as along as all the sheep at GT allow him to... he has proven ZERO about the facts.. I will take PeterG's word for it that Kalter <sp?> is NOT a sock puppet, but still what does looking into his Egold prove other than that money was moved to another account?

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Oh well, I'm looking forward to refunds at the end of the month. If he's trading, I wish him the best of luck.

I hope everyone of you get every penny you are owed I would love nothing more than to be proven wrong, in this case that I think PeterB is a wanker..

monds6 · 06-15-2007, 08:45 PM

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Originally Posted by Schminner

Well of course it's just coincidence, they're both from Africa ... they're probably buddies now, assuming both users are not the same person ...

Since PeterG is a mod over there, it should show the same IP address etc... if they are the same user etc... of course I am sure there are ways to disguise it, but at this point, we shall see what happens at the end of June. I am expecting a refund from PeterB, Udachu, and Fx Experts all at once later this month. So I should be all set financially by July 1.

Schminner · 06-15-2007, 10:53 PM

Quote:

Originally Posted by Conciliator

Here's PaterB's latest post:It's odd to me how he acts like all the questions and suspiscions people have raised don't even exist. Oh well, I'm looking forward to refunds at the end of the month. If he's trading, I wish him the best of luck.

Well, there's nothing anyone can do but to just hope ... Even if PeterB decides not to refund a single penny and walks away with everything, nobody and I mean nobody will do anything about it ....

I'm sure PeterB will not leave and still visit GT forum now and then, but as for refunds ... don't hold your breath

Another comment, PeterB did stated that most investors were in profit, but where are those voices at GT that are in profit???

ybop · 06-15-2007, 11:27 PM

I assume that only those who are not in profit will be getting refunds.

But if anyone at all gets a refund it'll be more than I expect.

kibitzer · 06-15-2007, 11:41 PM

Quote:

Originally Posted by allinvain

refunds will start at the end of this month, eh?....Does this mean EVERYONE will get a refund or only those with sums over $1k or whatever arbitrary number?

I wish someone would ask about the actual terms of this refund at GT. My guess is that only those not in profit will, if ever, get their money back.

But as far as I'm concerned - unless he tells the truth - nothing he does will erase the dark stain on Peter B's name.

Schminner · 06-15-2007, 11:45 PM

Quote:

Originally Posted by kibitzer

I wish someone would ask about the actual terms of this refund at GT. My guess is that only those not in profit will, if ever, get their money back.

But as far as I'm concerned - unless he tells the truth - nothing he does will erase the dark stain on Peter B's name.

With all of the money he has now, I don't think he cares too much about any stains ...

Conciliator · 06-16-2007, 09:05 AM

Quote:

Originally Posted by kibitzer

I wish someone would ask about the actual terms of this refund at GT. My guess is that only those not in profit will, if ever, get their money back.

Peter gave the terms a while back in a post on GT. He made it sound as though everyone would get his or her principal refunded:

Quote:

Hi all,

Ok, this is the recovery plan. I have secured enough money to make a start, it will take a few days to get it to trade but that's not a problem.

1. I will be trading with the money I borrowed and paying members back on a monthly basis.

2. Nothing is guaranteed, I am doing this because I value my good name more than your e-gold and The risk is all on me.

3. I am using my own assets to secure the funds. I don't have to do this, we were genuinly hacked and I have an e-gold account to prove it, and letters to and from e-gold etc.

4. Once I start re-paying everyone I will not tollerate this kind of abuse. Conciliator, that especially includes you.

5. Any decisions that I make are mine to make since I am using my own assets to help you get your e-gold back.

6. I have closed the site e-mail, I don't appreciate hate mail at a time like this. Those that sent hate mail can forget about getting anything back.

7. I will be aiming to give everyone a portion of the amount they deposited each month till the whole amount has been settled, I do not guarantee any profits but if things go well... well, we'll see.

8. If I recover any of the stolen funds it becomes mine, including (if there is enough recovered) any profits associated. However I do not believe at this time that there is any hope of recovering anything.

I will restore an email for the members to use to contact me once everyone has calmed down a little.

When the e-gold situation first broke out I had a flury of e-mails saying that we should look for an alternative, since I trade on more than one platform it is not too difficult for me to move funds from one to the other, however one is e-gold and the other is not, (and there is very little in that account. So to move the money from the e-gold platform i needed to first put it in e-gold then send it by wire through Omnipay. That's not too hard to see, I did it before without any problems if you can remember when we moved from Marketiva. also I told everyone after the fact, even a little common sense says don't tell anyone you're moving money, before we got hacked members were saying get out of e-gold, now that we have been hacked members are saying why did you do it...!!! Well I did it because of the situation with e-gold. It was a prudent thing to do at the time.

Why did I do it all at once? well if you think back and try to remember, there was a sense of urgency at the time with the e-gold situation, You probably would have done the same thing under the same circumstances.

Why haven't I posted any more proof af what happened? well I was giving anyone who asked all the proof that I had, including letters to and from e-gold, screenshots of the e-gold account etc and still I was getting shot down, if the correspondence from e-gold and screen shots were not enough then nothing will be, The dogs were out to get me and nothing was going to stop them. So why bother.

The way I am working it now everyone will get their money back and I'll be able to sleep at night, even tho' I know I could still have a clear concience even if I don't do this... we were hacked, I never stole anyones money.

I'm sticking my neck out here, I'm not asking for gratitud, but a little acknowlegment and less tareing my heart out will be helpfull. I've already lost enough and now I'm committing to try make sure that you dont lose also. So to all the winers, wind your neck in, dry your eyes and lets get on with it.

Regards
PeterB

In this later post, he talks about refunding those who had a net loss, but doesn't say that they are the only ones to get a refund:

Quote:

There's not much to update really, Mrs B has been going through the deposits and withdrawals today and I was pleasantly surprised to see that there are quite a large number of members who have made a profit, that is, they have withdrawn more than they deposited before the hacking.

Which makes me wonder... where were they when things got tough, a little support from them would have been nice. Granted, maybe they were traumatised and angry... believe me, I've been going through the same emotions.

A good number of people have made a profit and also a good number have broken even... (that's actual withdrawals) and a large number of those who never drew enough to be in profit had drawn almost all their capitol. And if I had no recovery plan their loss would have been around an average of about 25%.

Then there's less than 1/4 of the members who never drew at all, choosing rather to compound at 100% or they joined later, and as I get back on my feet again they'll get their money back as I have said before.

I do read the posts everyday, a few times a day, and I'll keep posting updates when there's news to tell.

Regards
PeterB

Conciliator · 06-16-2007, 09:34 AM

Quote:

Originally Posted by ybop

But if anyone at all gets a refund it'll be more than I expect.

This will be another test of Peter's honesty. He has given his word repeatedly that he will be making refunds and that everyone will get their money back. For example, take a look at these excerpts from his different posts after the announcement of the loss:

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We are trying to deal with this from 2 fronts. one we are trying to use whatever we can to recover the funds, lawyers, egold etc.

And two, I am trying to pull together enough funds from other sources to trade us out of this mess.

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For the second option if I can trade us back into a better place then I think that is the best option right now. I have spoken to a friend who said that he will let me use some of his money for one year to try to to try put together a recovery plan for us all.

It's not as much as we had but it's something to work with, it will take a little time but even if I can get some of the members contribution back at least were going in the right direction.

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There is a little light starting to emerge at the end of this tunnel, so don't lose heart yet. Club-fx was never a scam and never will be.

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Ok, this is the recovery plan. I have secured enough money to make a start, it will take a few days to get it to trade but that's not a problem.

1. I will be trading with the money I borrowed and paying members back on a monthly basis.

Quote:

I will be aiming to give everyone a portion of the amount they deposited each month till the whole amount has been settled, I do not guarantee any profits but if things go well... well, we'll see.

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I'm sticking my neck out here, I'm not asking for gratitud, but a little acknowlegment and less tareing my heart out will be helpfull. I've already lost enough and now I'm committing to try make sure that you dont lose also.

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Then there's less than 1/4 of the members who never drew at all, choosing rather to compound at 100% or they joined later, and as I get back on my feet again they'll get their money back as I have said before.

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What's it going to take.... You might as well stop asking, because the only evidence that I'm going to give you now is the gold back into your account. The wheels are in motion and I should be trading again within the next two weeks, which means that the refunds will start next month.

I've said that I'm going to trade us out of this, I'm using MY own assets to do that, so no one is going to lose anything, so why do you carry on badgering me. Enough already... get over it and wait for your refund.

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I won't be responding to any more of this nonsense, I'll be posting updates about refunds and talking to people here who want to talk about the recovery

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I want to put it behind me now and move on, and that's exactly what I'm going to do, I am working toward the refunds and that's what i'm going to look at, I'm looking forward now, from here on out we go forwards...

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I'm doing what I said I would, I've organised some startup capitol again, it will be in trade soon, I'm going to trade as I did before and everyone will get all their e-gold back, and from my point of view the sooner the better.

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Conciliator, why are you so hell bent on attacking me at any cost, I've already said and taken steps to give you and everyone their e-gold back, I know I said I wouldn't address this nonsense anymore, but you are pushing so hard and so far it's rediculous.

Quote:

You know, it would have been a lot easier to just let it turn into a scam and dissappear, but my own concience won't let me. and I don't understand it because I was also ripped off.

Actually if I think about it... what keeps me going is members who were saving for that new tv, and members who are saving to get married, And members who offered support when I was at the end of myself. When I think of you i take courage in the storm and I set my resolve to make sure that you at least get your money back.

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Conciliator, you have no idea what I've been going through here, it's been a constant merciless attack against myself and my family, even physically, so please, let it rest a little. you'll get your e-gold back. try stop and consider that maybe I am telling the truth, maybe I am a victim of this too. I realise that maybe you've been scammed before and all your frustration has eventually found a vent and it happened to be me. Do you think that's a fair outlet, since unlike the scammers I'm going the extra mile to make sure that no one loses. Or is this the price that I must pay for being honest. Because I promise you, the price is terrible.

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I have put a recovery plan in place and am working toward that end, Is that the irresponsible that you are talking about... I've been holding myself accountable and have not diverted from that in spite of the fact that some people seek to discredit anything I say or do. But that is not important right now, all I'm concerned with is making sure that everyone gets their e-gold back, and that is going to happen.

I could easilly have pulled out the TOC's and just walked away, but that will never happen, I'm not that type. And believe it or not... we were hacked. as I said before what's keeping me going right now are the members who have shown understanding and the ones who want to get married, and all those things that tug at my heart. Yes I have taken this all very personally, even to my own detriment, but one day when I face my maker and the book of life is opened, my story won't read that I stole anyones money, it will read that I tried to do a good thing, we got hacked and I still went the extra mile to make sure that the members got their money back.

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Yes things are on track and everyone will start getting refunds from the end of June.

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Nothing to say really... we're on track and refunds will start at the end of this month.
As I said way back, I'm not going anywhere till everyone has their money back.

He sure has made it crystal clear that he'll be making refunds and that everyone will get their money back. Let's see how true he stays to his word. While we can only speculate about the hacking, there will be no question about what's being deposited into our e-gold accounts at the end of each month.

Conciliator · 06-22-2007, 12:26 PM

Alright, here's the latest from Peter:

Quote:

Thanks cyrano,

Folks with the omnipay and e-gold situation it seams that we are left with two options here.

1. We all open an account with e-bullion and you send me your account details.

2. We wait for e-gold.

I'm inclined towards the e-bullion option since I wan to get this all behind me as soon as I can.

PeterG, could you or one of the mods be so kind as to put up a poll so that we can see what people think and which way we should proceed with this, we need to do it quite quickly since today is the 22nd and i need to fund the account (e-bullion) if we are all happy to go that way.

I don't mind either way, I haven't looked lately but I'm sure funding to and from e-bullion is not too much of a hassle.

I don't want anyone to accuse me of using this as an excuse so we need to move quite quick on this because funding the account requires me to send a wire and it takes a few days. I want to start the refunds next week so it leaves us very little time.

I say we go for option 3: he does both, and with no "waiting" for e-gold. He can buy ebullion for those who want to be paid in ebullion and he can go to IceGold and immediately buy e-gold for those who want to be paid in e-gold. Problem solved. These two options are not mutually exclusive. Maybe someone who's not banned over at GT could propose this.