who is Reza Mokhtarian?

Nor was I... but there has to be a name for it...

Ponzied?

Madeoffed?

 

Hello everyone,

I'm the admin for the ForexPeaceArmy.com forums and reviews. I sent an email to Rob when I found out about this thread. He mentioned it would be ok if I joined the discussion, even if I've never been inside a Ferrari.

I am displeased to see that my forum isn't the only one to have been threatened. I am very glad to see that FerrariChat has also refused to remove posts.

I've just finished reading this thread (all 31 pages so far). You guys are much more fun than I'd have expected a bunch of expensive car enthusiasts to be. More kitten pics, please!

 

Welcome to FerrariChat, Bill. You're among friends here...and, time to get you inside a Ferrari!



Mike

 

Hmmmm.... With all the fun we've been having with the new members, we seem to have lost track of the person this thread was originally about.

Where is Reza?

 

https://youtu.be/_83RSSqydEk?t=2m44s

 

He ISN'T on the run?



Matt

 

Everyone likes the kittens.

Quick question, I think i know the answer, so is it unusual for people to have trouble getting money back or withdraw money from their trader? One more question, is it usual for a traders website to disappear?

 

Thanks. I'll have to see where I'll be next and see if some nice Ferrari chat person wants to show me how fast a Ferrari is. I promise I don't get car sick easily.

In this case, the withdrawals aren't directly from the trader. The problem is with a forex brokerage company, Capital Trust Markets, which Reza created and owns. Clients are complaining about CTM not processing withdrawals.

This isn't unusual. Sometimes there are temporary issues which can be fixed. Other times, a broker goes into "deposit-only" mode. I sincerely hope this is a temporary issue, but each day makes me more worried.

What's very unusual is the extremes Reza is going to to try to separate himself from any mention of his company. It's very strange for someone to publicly register a company in his own name and then fight to keep his name off the company's review page. Among the things, he threatened to unleash his online followers to attack the FPA. I guess I should have run a poll like FerrariChat did.

The Facebook page for the Capital Trust Markets was offline the last time I checked, which is also very strange.

Complicating the situation are reports that the trading server has gone down. The main website is up, but this doesn't help if clients can't open or close trades. I'm hoping to get more details on this by the time the Tokyo trading session opens on Monday.

 

Well, it depends on your point of view.

If your sole purpose is to extract money from marks through their initial deposits, it's pretty important that the webpage stays up. Of course, that would require constant attention to scrubbing the internet of all mentions of the scam. You'd have to try to remove links to terms that are google indexed like "Reza Mokhtarian", "Capital Trust Markets scam" and things like that. Google is a *****, that would almost be a full time job and it would probably prevent you from effectively performing your usual daily tasks of spending all your time posting lame stuff on Snapchat and Instagram.

If you were a crooked, low life, degenerate, scum sucking, scam artist thief, that is.

 

And this is exactly how it should be.

Rob knows that what gets posted is the responsibility of the poster, not the forum, and works his site appropriately to that notion.

D

 

There are quite a few of very friendly and insightful car guys. Pick a few of the specific car model forums and read how helpful guys can be when a problem arises.

Thanks for giving input. I'm thinking Reza's followers are really a bunch of trolls with very little understanding on the difference between truly successful, professional people and people with highly questionable success and professionalism

 

I agree. It makes people responsible for what they say and do.

 

site is kaput.

BUT, the good old wayback machine has it archived. Looks to be the precursor to his current Conpany.

Oops, sorry, typo, Company.

http://web.archive.org/web/20110517104942/http://www.fxcib.com/

D

 

maybe we should change the thread title to WHERE is Reza Mohktarian?

 

I re-read this selected quote a few time and, at face value, it's completely absurd.

I don't know which is worse: the separation of Reza from any responsibility for CTM not paying, or the idea that "deposit-only" mode is in any way normal.

That's ridiculous.

Matt

 

who? PM if you want.

 

....and it's gone.

https://www.youtube.com/watch?v=-DT7bX-B1Mg

 

Please excuse my technical ignorance about trading and Forex in the below explanation. The smart folks here will understand I'm sure:

I've had a bad experience with a friend that was a fund manager investing in 'Forex'. A friend of mine was playing the Forex markets and was very heavily leveraged into the Canadian vs. USD back in 2008 when the Canadian dollar was actually worth more than the USD. After all the investigations were complete it appeared he had made a number of bad highly leveraged Forex trades and below was his last hope at recovering his clients money. Ironically he also drove a Lamborghini.

At the time, this 'trader' had put everything that was left of peoples money in his fund 'gambling' that the Canadian vs USD would hit $1.10. With the market volatility happening and all his losses, his bank put him on a margin call and he was unable to come up with the money so his trades were cancelled. He committed suicide the next day and 2 days after that the CAD dollar hit the $1.10 threshold which would have saved him.

As much as I lost financially, I lost more in a friend. This also made me realize that all these high risk and high reward investments are exactly that high risk. I choose not to make investments of this sort any longer and rather just keep reinvesting my earnings back into my business and when I really feel like taking some risks....A quick flight to Vegas and I can get a 500% return in a weekend (that happened once...still chasing it) but at least I control my money and have some fun there.

On the poll I voted NO---I don't know the guy but from what I see here people deserve a right to be warned. If he had offered up proof of his returns I would have voted yes.

 

Very solid post. Thank you.

Matt