Thesis and Dissertation Editing Service Hello. I’m David Kowalski. I provide proofreading and editing for academic papers (limited to grammar, punctuation, and style), websites, and other needs. My Qualifications I have been a certified English teacher who taught high school and middle school students. As a graduate of the Assemblies of God Theological Seminary, I Thesis and Dissertation Estimated Reading Time: 4 mins David Kowalski of Green Lane Digital shares part one of his story of starting the company Country Cars with friend Alex Sparkes. They went on to sell the onl Cynthia started trading stock options in the late 90's and discovered the forex market in She created her first forex trading system in Dawid Kowalski Forex and has been a professional forex trader and system developer since then. Currently, she has four MT4 color-coded trading systems
David Lewalski and Jon Hammill — Forex Fraudsters
We continue our series about the notable Forex scams with an article about an enterprise called Botfly LLCwhich operated from through In a calm state of mind, a close look at the promotional materials of any scammer will quickly reveal to any layman that the offer is too good to be true.
However, david kowalski forex, scammers never find a shortage of investors to prey with their Forex Ponzi schemes. The reason is that the Ponzi schemes are usually structured in such a way that it kindles the greed of investors. Furthermore, the scammers always have a knack of keeping the investors in an excited mood through their exceptional sales pitch and forcing them to make decisions without a second thought.
The Ponzi scheme offered by Florida resident David R. Lewalski through Botfly LLC was one such classic example of luring greedy investors who had no firsthand knowledge of the Forex markets, david kowalski forex. Beginning inLewalski, the president of Botfly, began offering an investment scheme to investors on the false premise that Botfly was a registered investment company that traded currencies on the Forex market and earned substantial profits.
To attract investors, david kowalski forex, Lewalski provided a promissory note in lieu of the investment made in Botfly. According to the laws of Florida, a promissory note constitutes a security and an evidence of indebtedness. Thus, david kowalski forex, investors were convinced that the offer is genuine. For nearly three years, Lewalski had only a handful of investors.
The arrival of Jon J. Hammill changed the scenario very quickly. Hammill from St. Petersburg, Florida was initially appointed to assist Lewalski in fabricating monthly statements and preparing promissory notes for the new investors.
The account statements were sent by ordinary mail or email until summer After that, Hammill and Lewalski began providing investors with online statements through their official website www. Lewalski david kowalski forex some investors that he primarily traded only British pound and Japanese yen. To certain investors who had little knowledge about Forex market, Hammill showed some price charts on his computer screen david kowalski forex justified the mind blowing returns from the program.
To some other investors, Hammill told that Lewalski had a special software program to successfully trade in the Forex market. In this regard, between December 31, and June 3,three fudged Deutsche Bank account statements were provided to the investor. Thus, adding a flavor of MLM to their scheme. To encourage another round of funding from the old investors, Lewalski offered to pay a higher profit percentage if the investment crosses a particular threshold mark, david kowalski forex.
Lewalski maintained trading accounts with several brokerage houses, personally and in the name of Botfly. However, only about 4. Botfly also opened a Forex trading account with IFX Markets on October 13, As money was flowing in continuously, Botfly also opened an account with PFG Best Financial Group on July 3, As is the case with other trading accounts, Botfly lost most of the capital invested.
Lewalski also tried his luck in trading through personal trading accounts with multiple brokerage houses. However, the result was no different. Before going this far on a big scale, Lewalski used two of his personal accounts at Gain Capital Group to trade in the Forex market.
Lack of experience and knowledge reflected in his trading performance. Hammill P. To avoid servicing the debt and to protect the ill-gotten wealth, Hammill implemented certain protective measures.
Hammill set up a shell corporation named Jon J. Hammill then filed a bankruptcy petition. Further, to hide the income, Hammill arranged the payments from Botfly to be sent to his shell david kowalski forex account. The lawsuit alleged that the defendants violated the Florida law and engaged in a Ponzi scheme, david kowalski forex. Lewalski, however, did not accept accountability to his fraud. Soon after the Court filing, Lewalski left for Europe in a private jet Gulfstream IV.
After returning from the European trip, Lewalski settled in a posh hotel suite in New York, overlooking the Central Park. However, he never david kowalski forex his return to investors and pretended to be elsewhere. On November 4,David kowalski forex was arrested in Manhattan and indicted on December 1. The case was investigated by the US Postal Inspection Service, the Florida Department of Law Enforcement, the Florida Office of Financial Regulation and the Florida Attorney General's Office.
On July 29,Lewalski, aged 48, pleaded guilty to mail fraud. On November 17,david kowalski forex, Lewalski was sentenced to 20 years imprisonment. The bankruptcy order was revoked in December and a case of bankruptcy fraud was filed four months later. Hammill, aged 40, was sentenced to 30 months imprisonment apart from three years of probation after the release. Once again, david kowalski forex, the investors learned a hard lesson by losing their life savings.
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Become a member for free. Sign up. Sign up Thesis and Dissertation Editing Service Hello. I’m David Kowalski. I provide proofreading and editing for academic papers (limited to grammar, punctuation, and style), websites, and other needs. My Qualifications I have been a certified English teacher who taught high school and middle school students. As a graduate of the Assemblies of God Theological Seminary, I Thesis and Dissertation Estimated Reading Time: 4 mins Binary options trading Dawid Kowalski Forex software is a great way to boost your trading advantage. However, you need to be aware that not all of the automated signal providers that are advertised on the internet are reliable. Some of them are even downright scams. It is important to make sure that you are investing your money with a legitimate trading system
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