Boston Technologies Unbelievable Ripoff Boston Massachusetts
Washington, D.C., Oct. 28, 2010 — The Securities and Exchange Commission today charged two foreign currency traders and their Boston-based company with operating a fraudulent scheme in which they sent investors misleading account statements while stealing their funds and incurring major trading losses.
The SEC alleges that Craig Karlis of Hopkinton, Mass., and Ahmet Devrim Akyil formerly of Hingham, Mass., fraudulently raised approximately $40 million from approximately 750 investors in a purported foreign currency (Forex) trading venture through their firm Boston Trading and Research LLC (BTR). Investors were falsely promised that BTR had a system in place to limit trading losses. BTR also falsely claimed to investors that “we do not profit unless you do” while in reality Karlis and Akyil were illegally diverting investor money for their own personal use as well as to fund BTR’s operations and pay expenses for other companies with which they were associated.
The SEC document says there are 3 owners. Who is the third owner?
The third owner was George Popescu…..of Boston Technologies. Not surprising that his bio at the Boston Technologies website does not mention Boston Trading Research. It is said that George Popescu was the partner in charge of IT.
So knowing the stand-up kind of a guy that Karlis is, and that Devrim is in Turkey, how long before Karlis starts ratting out his old partner, George Popescu? Let the fat man sing.
the only one that is still buying expencive cars, gulery and houses is Mr. Popescy, now he is scamimng people with the trading platform which BT offers to clients.