My wife and I have invested our life-savings into a company going by the name of EMT trading.(WHY TRADE THE FOREX) They are foreign exchange trading company, based out of Barcelona. A friend of mine,had heard them on the 640 am radio station in Toronto and got called by a man named Andrew Wasserman in Florida after sending for information. He decided to invest with them and after a short while he was up quite substantial as the British Pound got shorted and the GBP indeed fell. That’s when we decided we needed to get in on this as well. We talked to Andrew Wasserman and wired our first wire on the 9th of October 2008 to a bank in Spain. Shortly after that Andrews phone got disconnected. After inquiring at the 800 number we finally got called by another man called Justin Alexander from the UK, who usually only deals with clients of $250 k and up but due to all the turmoil had agreed “to put us under his wing”. He was apologetic and was saying how the North American office is poorly organized etc…
Justin called frequently and kept us up to date. We are able to monitor the account on-line and were getting excited about the returns to a point were we decided to another wire. The market continued to be in our favor. On the 30th of December we decided to cash in some of our profits for the first time. Our emails weren’t returned , nor the phone calls. We finally spoke to Justin Alexander who assured that there was no problem getting some funds returned and that we would be called by Mark Sawyer. He did call but said all our money was in a pool and that the trade would end in two weeks. Our second wire was NEVER used in the trade and he was contradicting himself on another couple of points and finally said he would be in touch on monday at 0700. It is the 20 th of January 2009 today and still no reply. We have now retained a lawyer and will take additional action if they don’t comply.
** Disclaimer: This post was written by a guest author. The information contained in this article should not be taken as a fact, but only as an indicator. The story represents the authors individual experience with the subject in question. As such it can be true or misrepresented and in some cases even purely fictional in an attempt to harm the company or individual in question. You are advised to use your own judgment to realize the truth behind the story.
January 26th, 2009 at 11:25 am
I began trading with European Marketing Team (EMT Forex) last July 2008. I have since been passed on from person to person (FIVE people) for the entire time to date. I have seen Andrew Wasserman disappear off the face of the earth along with three other people from this company. The company is no longer located at their Jupiter FL address having moved out overnight in late Sep.08 owing a lot of money to property management. Their local phone number as well as the 800 number are both out of service. At present I am dealing with a Justin Alexander and still it’s hit and miss with communication. An answering service for the company never seems to pass messages and if they do, EMT chooses NOT to call me back.
Frankly I am very worried at this point about my funds and if I will ever see them again because each time I ask for any funds it is either deflected or ignored or excuses are given why I can’t get them at this point.
There has been an incredible amount of ‘cat and mouse’ runaround with these people and I would advise in NOT dealing with EMT Forex AT ALL!
February 2nd, 2009 at 2:14 pm
his is an update in regards to EMTFOREX. This company is a scam and here are some facts to back it up.
- The EMTwebsite is a clip-art website. Oliver Richter, who owns the domain is likely behind the site. They have been stolen from other sites. For what it matters the IP location is in Cleveland and their website is registered in Mumbai.
- EMT left their office in Jupiter FL at the end of September in the middle of the night and they owe Adele George, the property manager, heaps of money still. There is NO office on the address anymore despite Justin Alexander, the so called broker, saying the opposite in a recent conversation with Gil Tremewan. A New Zealand citizen who has the same problems with EMTforex.
- Emtforex is not even registered as a trading company but a management consultancy company.
http://mintportal.bvdep.com/MintPortal-FKDKAIBINHHICIIINHHICIJIAI.urk
http://www.alacrastore.com/storecontent/dnb2/017287290
Our request for funds has been flatly denied and slowly but surely we will expose EMT for who they are.
We are currently notifying all authorities in regards to EMTFOREX.
For those of you who have invested funds with EMTFOREX, PLEASE do your due diligence as we have, but too late it appears, as they are now saying that there is no funds left in my account today. They have done EXACTLY the same with Tim Wills from New Zealand the moment he requested funds out of his account.
All phone conversations with EMT are on mp3 format, which we started to record after the first request, to get our funds back, was ignored. It will proof that they never had any intention of returning any funds. In addition another victim in Canada has done the same.
Anyone who wishes to sent me an email with questions or assistance in our case against emtforex please sent your email to rodricvw@gmail.com. There is three other victims of this scam so far.
Our lawyer in Canada has been given all the information and authorities are currently being informed
Keep you posted..
February 6th, 2009 at 3:53 pm
So I closed my account as per Clause C in the contract. Faxed from my bank, EMT Forex received my request to close my account and transfer the funds back. It has been well over a week now and no one has responded or gotten back to me. All e-mail responses have always been Auto-Reply. NEVER a real follow-up.
Both ‘Mark Sawyer’ and a ‘Manfred’ seem to be the people most avoiding us at the Barcelona office. Be aware that the fax number EMT Forex uses is also the same fax number for dozens and dozens of businesses and companies. I was told by 2 different people that there are 30 companies in that business centre and a receptionist told me there are 200 companies. EMT Forex is sleazy and do NOT expect a call to help you from any of these clowns.