Complaint Review: Anthony (Tony) Zito Michael Beiter and Daniel Volker

I was as well ripped off by the Zito / Beiter / Volker crew.  My story with them is a bit different however in some cases the same as reported.  I was instructed that this was a silver investing program that just "couldn't miss."  I was told about a million times of deadlines to get in quick so I'd be able to "cash-in."  I entered when Silver was around $18 and was promised a nice return when it reached just $22 back in February/March of 2010.  Trusting these clowns from numerous conversations and other friendly connections (first mistake), I sent them $40,000 in January of 2010 (second mistake).

I contacted them several times through emails during the period of January through March of 2010.  Their sec'y who goes by an alias of Daphne wrote to tell me she spoke with the guys and they were getting organized to send out statements each quarter and I would be receiving my soon........B.S.!  Here is the short story of what really happened.

In March of 2010 Michael Beiter was arrested for charges that were, from my understanding, unrelated to this scam, however today he sits in federal prison on a long conviction.  Knowing that Beiter was in jail I instantly became concerned about what was to become of this Gladius investment he so avidly pushed for me to enter into.  It is only through God's good grace that I did not give him more than $40,000 as he continually suggested I do, and fast!  Because he was certain all were going to make a killing on this investment very soon.  All communications were with Beiter for my understanding of what was happening here, but when he was arrested I then turned to Daniel Volker for some answers.  Volker seemed calm and confident that all was well and still progressing with the program, not to worry.  But I was still skeptical after this.  I called Volker a number of times trying to get a feel for what was truly happening by baiting him with a phony new benefactor / referral who wanted to get involved and place $100,000 into the program.  He was quite accessible during this time and very prompt at returning calls, which I suspect would not have occurred if I had simply called him to ask other questions of this scam.

This totally increased my suspicions 10 fold.  I did not call Volker for a few weeks after this point and he called and left me a message asking if that phony contact was still interested in investing.  I returned his call a few weeks later, only to discover that he had run for the hills and was no where to be found........interesting wouldn't you say?

The only place I had to turn to then was Anthony (Tony) Zito.  In numerous conversations with Beiter before he was sent to prison, Zito and Volker were made out to be the geniuses of this "program" who were humble guys that just knew how to work this end of the market.  What a load of crap that turned out to be, and I fully discovered this when Volker tried to get more money from me before he bolted into oblivion and now how to deal with this idiot Zito.

My initial contact with Zito on the phone was him yelling at me stating that they had a huge loss, too bad for that, and that he was doing everything he could to reclaim the money in the program.  Can you spell, P -O - N - Z - I  scheme?  It was then I realized I had been taken for a huge ride here and that this whole thing was just a ponzi scam.  Apparently, when I had wired them $40,000, they were already broke, and just used my money to soak up bills for their own frivolous lifestyles which until the time of Beiter's arrest, went unchecked.

Having numerous conversations and emails from that point forward with Zito, I could see he was just a coward trying to keep his own a*s out of the slammer, and he was in the midst of accounting cover-ups making up some story of how he "lost all the money."  An office is maintained with a secretary they call "Daphne," who has absolutely no information about anything and is just there to forward calls and emails from disgruntled clients to Zito, who is most likely already out of the country.

After threatening suit in the Florida courts Zito did repay me $13,000.  Payments ceased last year however with him telling me he was fully broke at this point and could not repay as he promised he would within a year.  What a folly to expect truth and integrity from a man who bases his entire reality on lying in the first place.

So he still owes me a $27,000 re-imbursement for this nonsensical ponzi-scheme he calls Gladius investments, and I am at this point doubtful I will ever see another dime.  When you take into account all the time spent, frustration, and loss of money I could have had if I had used this money more wisely, the total loss is most like over $75,000.  Info through the grapevine suggests that Zito is attempting to care for Beiter's many children and wife seeming that Beiter will not be released any time soon from prison, and I suppose if there is any sigh of WTF that can occur from this debacle, I guess using my money to help care for innocent children who are victim of a (((REDACTED FOUL LANGUAGE))) father brings some peace to the situation, and if indeed this is true, passes a slim margin of respect due to Zito.  It in no way however, exonerates him for masterminding this ponzi scheme with the sole intent to rip people off in the end.  I have heard stories of many other people being ripped off for more than I, and my heart goes out to them.  If you read this I encourage you to write your story here as well; in some way, I believe true justice will be found here.