Archive for November, 2014

Velocity Trade Fraud and Theft Alert to Nedbank and Old Mutual

November 27, 2014

Open Letter to Nedbank and Old Mutual South Africa.

Thursday, November 27, 2014

Good Morning to y’all

You should all read:

http://www.amazon.com/Rogue-Trader-Brought-Barings-Financial/dp/0316518565

It’s the story of Nick Leeson, Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World.

Now read this:

http://www.fin24.com/Companies/Financial-Services/Nedbank-to-merge-two-banking-units-20141126

It still looks good for you guys; you are still tops in South African Finance. You virtually own each other; the Old Mutual being the oldest life assurer, first established if my memory serves me correctly in 1846 under the Chairmanship of one Fairbanks of Freedom of the Press fame way back in South African History.

It’s still somewhat of a puzzle how Nick Leeson got started, much like the missing parts in the story of pending doom that you guys face if you don’t act right away but I think that I have the gist of it now.

I know the overall plan; what I still miss is how the snot-nosed young computer wizards at Velocity Trade work the computer programs to mislead you.

There is of course, a secure line between the JSE computer and the one at the external Trader. I am sure there is no problem with that.

What they are doing with the JSE Data once it is inside their system is what you must look for.

The customers are selected by a process currently unknown to me. I am however positively sure that it is a process of selection because the internal audits of large customers will pick it up on their computers, much like Leeson eventually shot himself in the foot but it was by then too late to save Barings.

I am chipping away on that and will locate it in the case that I am involved in.

What you guys at Nedbank and Old Mutual need to do is to uncover the entire mess before they bring you down.

Ignore this warning if you want to follow Barings down the tubes. The FSB can’t protect the public in this one because the Velocity Traders, decided to do it with CFD derivatives that are not within the regulation powers of the FSB; that was a brilliant move, I must hand it to them.

ikejakson@gmail.com

Days Weeks Months Years and Centuries of Time and Events

November 26, 2014

I do not subscribe to the validity of the old cliché that History repeats itself;

Yes, I do agree that it may seem like it if one compares events. Greed, like birth and death, are repetitive events much the same as War but all of it in one century by no means repeat history when it happens, as it will, in another or the following Century.

The second point is that History isn’t made on the instant; it takes time for something to become history. Young history students research real old history of time long gone in the past. I often marvel at what they unearth of wars and events of the 12th century and before that; love reading it too but what I am concerned with is what is known about the 300 years from 1660 to 1960 and what we can learn from that today. In that perspective 1960 to 2010 is not yet history; that must still be written.

I ask my readers to be patient. This is only one short Article and cannot possibly be a detailed summary of hundreds of authoritative works on the subject; you have to read that elsewhere as I have done [as we all should do, in fact, if we want to be fair on ourselves today.] Therefore, just one or two very short sentences will have to suffice on the period before 1660.

America had been discovered by White Europe by then and the first white settlers had moved in. Africa still waited in the open sun [ready for the taking] and nobody in the West bothered to find out about Russia, China, Japan and the entire “East” that had always been there. The rest of the world is only now starting to look at that but we can assume that the East, like America was sparsely inhabited by today’s standards.

Colonialism as it became of America and Africa happened with a bang in the century from 1660 to 1760. In the following century from 1760 to 1860 it was completed and the first Colony [America] had taken their independence from the Motherland in a bloody War. African colonialism and India [Pakistan] was completed.

America of old stepped into the half century beginning 1860 with the Civil War; some in later years still preferred to call it the War between the States; whatever, that ended slavery in America.

Now you must get a beverage and sit down calmly to ponder what was in the World at that stage, all the while remembering that it was a mere 150 years ago [just 3 half centuries back in the past from 2010] What did the world have at that point compared to today?

The first railroads were operating around many countries. The First Steamships had gone out to sea by 1840 but the great oil driven ones weren’t there yet by 1860

Oil was first discovered in America January 1865 in Titusville PA. The first telephone was developed in 1875. The first Electricity became available to manufacturing in 1875 but home consumers had to wait until 1913.

The gold rush fever produced massive migration of people between continents from the seventies to the end of the nineties and provided some excitement.

There is a still ongoing argument between supporters of Edison et al and other claimants to the honor but the first electric light bulb only became reality in 1875.

The automobile and those wonderful men in their flying machines came right at the end of that half a century.

So, a World entirely different from the one we had in 2010 started out in 1910 with William Howard Taft presiding in America, England going strong, Africa still slumbering under the blazing sun, Australia heralding the arrival of every new day but otherwise doing their own thing whilst guarding the southern oceans, nobody in the World having bothered to find out about Russia and China and strong rumors of War in Europe.

To be continued with the World 1910 to 2010.

Velocity Trade Rip-Off Alert on how to steal your Money at High Velocity

November 25, 2014

OK, if you want to lose your money fast the Velocity Nedbank CFD Scam will do it for you.

You ain’t ever seen anything like this. Quick profits are their specialty [a brochure advertises a Webinar on how to increase 50k to 500k in one year]. You can put in 250k and increase it to 2.5 million. The inconvenient truth however, is that you will lose your 250k in six months.

Velocity operators are masters in what they don’t tell the selected victim.

Their Association with Nedbank is a scam. Nedbank, one of South Africa’s most respected Banks [largely controlled by Old Mutual, a household name in South African finance and by quite a margin the oldest and biggest Finance Group in the Country] is not aware of the proclaimed association with Velocity.

Nedbank carries an email contact address in their Web Page:

iwanttovent@nedbankcfd.co.za

Try it and see how far you get.

Velocity Trade in Toronto Canada has an email address in their Web Page:

clients@velocitytrade.com

Try that and see how far you get.

Oh Yes Sirree, they do have the highest of Hi-tech computer systems. They will email you statements and Screenshots and as many Trade Profit Statements as you want all very impressive, until you compare the beautiful array of detail with your own balance that you can keep in a simple MS.xls document.

Now you need a detailed item for item Balance statement and that duly arrives by email. But you find it is in code. What are these debit fees, you ask? Evasive answer follows after two weeks.

No, you say, what are these Swap Fees?

The curtains come down. After four months you have had an impressive clear net profit of almost 25% after all expenses and brokerage, or so you thought from the screenshots but in reality you have just lost all those profits plus 80% of your invested capital in a matter of four months; two months later you end up with 5% of your original investment.

You have had a similar experience, or if you want to know more?

Email:

ikejakson@gmail.com

Let us nail these frauds.

Velocity Trade Priority Alert

November 23, 2014

Open Letter to Velocity Trade Toronto Canada

Sunday, November 23, 2014

Good Morning Toronto

If you were running a branch Office in Cape Town South Africa what will you do if you find out about this correspondence between your branch and a customer?

I quote verbatim from the emails, no editing. The language is in Microsoft South African English:

The customer emailed your branch on October 29th 2014:

“Good morning Craig and Keith

I received another one of your silly margin notifications at 18:30 last night; you really have to fix your system to stop this nonsense.

I understand that you are trying to put up a show of compliance with regulations; well, this is not it but have your fun if you wish to.

You must realise that I have investigated every aspect of our contractual obligations and must now inform you of my findings and ask you to attend to first things first.

You did not at any time divulge what you call the Nedbank liquidity provider charges to me and when I started asking questions a few months ago you deftly tried to evade the truth and to this day have not come clean on the matter though I have emailed you for the details.

Open and full disclosure of all aspects is part of your contractual obligations; the fees as I work them out from my account are way out of line. I understand that some other operators also have some charges; also was informed by the FSB that CFD’s are not at this stage regulated and I therefore, assume that you can in theory charge whatever you like; it may be scrutinised by the FSB in terms of their powers vested in the Ombudsman and/or the FSB FAIS regulations and I am now proceeding to ask them to do so..

You are way out of line with the Nedbank Parking Fee. To continue to claim that you are doing it to comply with regulation will be a waste of time. You are running a profiteering racket with/without the knowledge of Nedbank. You know the truth.

I got in touch with Nedbank and let the cat out amongst the pigeons; everybody is hiding behind their desks with no Manager in sight. You advised me in another email last week on another matter that you had “discussed with your management.” I must now respectfully ask that you advise me of the contact particulars of such Velocity management.

I am a patient individual but please don’t abuse that. I am aware that you are young men with long careers ahead of you still and I wish you no harm but I must now advise you to consider my position, on which I recommend as follows for the time being.

1. That you credit my Trading account with the full amount that you debited it with the Nedbank Liquidity Provider fees. I have had no benefit from any liquidity protection and don’t need any.

2. In terms of your breach of contract you don’t deserve the commissions debited to my Trading Account. I ask that you immediately credit to full amount to my trading account.

3. I shall watch the account and hope you will comply before the end of day. You have it all on your system and it is in my view possible for you to do it before lunchtime today.

4. That will enable me to start trading again [with no Nedbank Parking Fess, none whatsoever] and we can proceed to discuss the rest of my affairs.

I have been in touch with the Public Prosecutor and received their advice to commence with an application for legal aid in view of the fact that I am almost financially destitute at this stage. On the other hand I see no reason why we cannot solve the entire matter with common courtesy between us.

You may see an attorney if you wish [that is entirely your choice] but I ask that you at least reveal all including this email to him to advise you.

I expect some acknowledgement of the contents hereof by return email.”

A short response dated October 29th came from your branch:

“I have passed your complaint to my director Dan Carter and Compliance Officer.

They will be in contact with you in due course.

Kind Regards,
Craig Seale
Terminal Velocity – Support”

The customer responded on October 31st

“Good mornijng Craig

Can you ask Dan to do his best to let me have some contact with him today?

It is my first Velocity anniversary; it’s month end and it is Friday. To crown it all I think that there will be some very good buys on the JSE today and I need some money in my trading account to avail myself of the opportunities.”

On November 3rd someone emailed back:

“We note the contents of your email and the requests contained therein.

The complaint has been referred to myself as Key Individual, Daniel Carter as Director and Key Individual of Velocity Trade Financial Services as well as our Compliance Officer Enrique Goosen, and has been carefully considered.

We respectfully decline your requests to reimburse your CFD financing and premium charges on your account. Further, we disagree with your claims and accusations.

As explained over email and over the telephone on different occasions the reasons for our decision are summarised below:
– The terms and conditions accepted when applying for an account with Velocity Trade refer to our website, which you used to submit your application to Velocity Trade, for information about the fees charged for different instruments.
– Further details in relation to any aspect of your account are available through our support desk, which you are familiar with and have made use of on many occasions.
– On request from yourself additional explanatory information has been supplied to you over email in relation to questions posed by yourself on financing and other charges associated with CFDs.

Should you wish to pursue the matter further you may contact the FSB directly or through the FAIS Ombud: http://www.faisombud.co.za/howtocomplain.

The complaint may be pursued within 6 months with the Ombud for Financial Services Providers: http://www.faisombud.co.za/contact.

Kind Regards
Nicole Vos

Tel: +27 (0) 21 200 8803 | Fax +27 (0) 86 249 1005 | Cell +27 (0) 82 524 3707
200 on Main, Claremont, Cape Town, 7708, South Africa | “

All that needs to be added is that the last email is a fabrication of the mind of the writer.

May I ask for your comments, Good Sir[s] or the appropriate Officer dealing with such matters?

Today 26 Months to go

November 20, 2014

American political campaigning goes non-stop though voters only get to do their bit every two years on the first Tuesday after the first Monday in November. The inauguration of the President takes place on the 20th of January in all the leap years.

Nobody will argue the point that the current administration has had an effect nobody would have considered possible at the start of the previous half century that I use as my instrument of measuring history, taking every half a century starting at the beginning of the years that end with 10 or 60.

If you look at recent events that have still to become history the election of the Bama was in fact a natural confluence of things that happened from the year of 1960 onwards.

It was always going to happen from the day Jack Kennedy won the 1960 race.

Kennedy was born in May 1917; Mandela was of July 1918. Complete the picture in short President Reagan February 1911. Idi Amin was guessed to hail from 1925. Jomo Kenyatta arrived in 1889 and was therefore, 70 years old when he started the racial cleansing in Kenya and running full speed with it while Americans were voting for Kennedy just three years before Mandela was sentenced to life imprisonment. In the meantime a fellow named Barrack Obama was born wherever on August 3rd of Kennedy’s first year in the White House.

That’s all for now Folks; there will be a lot more on days, weeks, months, years and events that shaped the half century that we are in right now; you know the one that started in 2010.

It wasn’t ever a good idea to get one of our guys into the White House. Gird the loins, grind the teeth and bear it; after all he got the votes fair and square. It had been in the cards since 1960 anyway; you just didn’t see it coming, that’s all.

In just less than 24 months from today you will know who the Bama’s successor will be to take the White House keys and let the current incumbent go free to further screw your country up elsewhere.

Please this time, for our sake, your sakes and for the sake of the World elect an American to the job.

Velocity Trade High Priority Alert to be on the lookout for Ponzi Trading in Unregulated Derivatives

November 20, 2014

See previous link:

https://ikejakson.wordpress.com/2014/11/10/velocity-trade-worldwide-exposes-the-vegetarian-shark-myth/

Now read this. The South African public has just had enough; they are now taking action on rogue suppliers and illegitimate banking practices.

http://www.fin24.com/Companies/Financial-Services/Banner-wars-FNB-now-taken-to-task-20141119

http://www.fin24.com/Companies/Financial-Services/Banks-chase-trading-cheats-with-surveillance-20141119

Velocity Trade is based in Toronto Canada and I am now emailing them. A good friend of mine emailed the local Velocity office with all the previously unanswered questions and was promised a reply from local Director, fellow named Dan Carter. Instead a lady he has never heard of was obviously called in and instructed to pen some nonsense in an email to see whether they could force the enquiry to die. Dan Carter is remaining MUM. Google on his name under Velocity and have a laugh.

For how long must Mister Citizen endure the malpractices of the large International Rogue Conglomerates? Velocity Trade knows full well they are dealing in unregulated securities [what a use for the word?] in order to escape scrutiny by the South African Financial Services Board and the Revenue Authorities.

Don’t part with your money to them; they are experts in making it disappear.

Our JSE is fast becoming the international hub for money laundering.

ikejakson@gmail.com

For a fraction of the cost of this Comet Research Science waste of money and time

November 17, 2014

It really makes me sick to read another Article about this Comet probe 500 million kms from the earth where we all know is nothing but empty space and a few rocks floating around.

In the small town near where I live we have a Hostel and a School for very special children. They are healthy and sleep warm in a nice Hostel and some are very bright; The facilities can handle 65 young minds and bodies from grade 1 to grade 5 plus a few little ones who enter there when they are 4 and 5 years old. We never discuss why they are there, for their protection and not to remind them; they need a lot of love and can give love in equal measures as they receive.

For a fraction of the Comet cost [waste?] we can build a high school; so many disappear to wherever whatever life allocates to them when they have to leave here after grade 5.

In town we have a lot of old people with vast experience and lots of love they can give but very little money. They are all willing to help the school for a few shillings extra to their old age grants. Everyone will make time available on a voluntary basis.

We have enough vacant land at reasonable prices to build the school and some cottages for the children in a garden like development where we can teach them to get to know the earth and plants and to work it in their off times. The old folks will assist.

The cottages can be built using wind and sunlight power [we have both aplenty] and lots of fruit trees and veggie patches for the young minds.

We need a fraction of the billions that is wasted on bogus Comet Research.

Come on World. Do something for these kids and our senior citizens. I don’t want anything; put the money in a trust and have it audited as you want; the building phase won’t cost a lot and after that we only need the running costs.

Our elderly ones will shower the young ones with love while they are teaching them so they can stay with us until at least through matriculation, thus giving them a chance to face the World when they are better equipped than being forced to leave us after grade 5.

Leave the comets alone. They will stay where they are and don’t need the human race fiddling around the space they find themselves in.

Get in touch with me about the young ones.

ikejakson@gmail.com

Solving our problems on a Comet

November 16, 2014

The past few weeks have solved most of the problems on planet Earth.

Mankind will survive and prosper on a comet. Made of the best cheese mixtures [much better than the moon], abundant clear fresh water for a thousand large cities, watermelons ten times the size of the best on earth. Press a button and fly on to Mars and back for free.

Yes YES YES!

Internet is installed and free for anyone. Press a button and the tooth fairy will serve the watermelon, with a choice of ten ice-creams.

Who says I am joking? It’s been on the News for two weeks and you have not made your reservation? You have a chance to get away from the drag that life has become on an overpopulated earth and you are going to pass on it?

I understand that they are virtually ready to install the pipelines to supply rivers full of clean water [free] and clean renewable energy to every home and industry on earth for the poor amongst us who don’t like flying in space.

The answer is in Heaven; what are we waiting for? To live in a pollution free environment with no earth warming or climate change, I am off guys. The maiden trip is mine.

Tata. Happy New year to y’all down there at the bottom.

Velocity Trade Worldwide exposes the Vegetarian Shark Myth

November 10, 2014

A fellow name of Tony Leon while he was Opposition Leader in South African Politics once said that looking for an honest ANC Politician is like looking for or training the great white man-eater shark to adopt vegetarian eating habits.

In finance around the World the worst elements you can think of have now been exposed in share and derivative Traders working through a World Wide Group under the name of Velocity Trade. They have their offices around the Globe but also canvass to work through Partnerships with other “independent or smaller Traders” who can use their investment programs to “trade direct on line live’ in major Stock Exchanges. The mother Company is given out to be operating from Toronto Canada.

Their main gimmick is in trading CFD derivatives. If you receive an email with a large colorful brochure inviting you to a “Webinar” [a lovely NewSpeak word of their Hi-Tech abilities] to show you how to grow your 50 thousand bucks into 500 thousand smackers in one year, be on the lockout; you are about to lose your 50 thousand in a matter of two or three months.

It’s a great Scam; that I have to admit. Nedbank, one of South Africa’s largest and highly respected Financial Services Operators is supposed to be backing their systems [so they say]; there is or was once a link with another International Group called Vanguard Securities. It seems that the latter is legit; the Vegetarian Sharks only used the Vanguard name to ride on. The legit Vanguard took legal action and won; the imposters were forced to cease using the Vanguard name and now work under the name of O’Meraki Global Equity and Derivative Traders through the Investment Platform of Velocity Trade on the JSE.

The Vegetarian Shark Group seems to have side-stepped the South African Government Financial Regulators with the use of the CFD product because CFD “derivatives” are not within the regulated fields of investments. The South African Regulators [aka the FSB for Financial Services Board] have no power to act in the case “unregulated crime.”

Don’t part with any money to these Sharks; the moment you do what you are left with are mere entries on a computer chip.

It’s quite a clever scheme; beware and watch for more detail as the investigations continue. If you have fallen for it, get out as much as you can and run.

To be continued; feel free in the meantime to copy and redistribute this; you may be doing your brother or your neighbor a service.

ikejakson@gmail.com

New Hope for America of the 49 States

November 5, 2014

When I switched my computer on this morning my eye fell on this little flash of parody by a fellow that calls himself The Maverick.

“The only politician ever to have entered parliament with honourable intentions, was Guy Fawkes on November 5th in the year of 1606.”

It is therefore, not my brilliance but it described my frame of mind until I came across this just before lunch:

http://edition.cnn.com/2014/11/04/politics/election-day-story/index.html

That lifted my spirits.

We find ourselves in a land where politics and everything driven by politics [which means what the word says, EVERYTHING] is driven by revenge.

It is of course the legacy of Mandela; he died in 2013 December 5th and we are hoping that he will now be put in the past to enable us to get on with each other.

Don’t make the same mistake you guys. Get on with your lives now; rebuild what was broken but look into the future with love and understanding.

Oh yeah, the pun in the headline is mine. Enjoy this one for old time sake:

https://ikejakson.wordpress.com/2013/07/17/hey-i-found-the-missing-picture/

Don’t look back now. Build for the future; we need a strong healthy America.