Complaint Review: Mojave Capital online trading Brokerage - Randy Marsh

Before I start my report I must confirm that Mojave Capital Real Estate Investment Firm based in Las Vegas Nevada has nothing whatsoever to do with Mojave Capital trading on line brokerage the entity my complaint is about.

I was contacted by Mojave Capital telling me the minimum investment was USD500 and if during trading at any stage I decided to cancel the USD500 will be returned. I accepted this and after the account had been setup a dedicated broker will be assigned to me. Nothing happened for two days. I contacted support and advised them that I want to withdraw the USD500 as no broker had contacted me. Within half an hour Randy Marsh contacted me and asked me as to whether an account had been setup by the support team for which I said no.

He then set up an account with a fictious email address as user name and 123456 as password. i asked him at this stage as to why he had used a fictious email address and not my email address said that he was the dedicated broker and he will do the investing on my behalf. He showed me how the USD500 increased to USD550 within minutes 

Then he asked me whether I was prepared to invest EUR10,000 and a guaranteed return of EUR50,000 within 3 days. I agreed and wired Australian dollars equivalent to EUR10,000 as instructed by Randy Marsh to the account details provided by him. The nominated bank account is in Poland under atotally different name. This particular company is a wholesale trader of computer hardware and software. 

Randy Marsh started trading and as promised the investment increased to EUR62,000 including the initial investment. I asked him to refund EUR50,000 which he agreed to do so and requested my bank account details which I provided. For 3 days I chased Randy Marsh for the refund. Every time I contacted him I was told the refund has been wired and it will take at least 5 business days.

On the fourth day he rang and told me that he had very bad news and asked me to have a look at the account. To my extreme dissapointment he invested the total amount of EUR62,000 without my permission and ended up losing all of it. At this point in time I told him to close the account and return the capital invested. He was insisting that I should invest another EUR10,000 and that he will recover all what was lost in 24hrs. He said that he was in trouble and wanted me to help him. I refused and said I have nothing more to say and requested repayment of capital.

This happened about 8 weeks ago. Since then he has asked me for my Bank Account details five times. 3 weeks ago when I chased him for the funds he said that the bank had paid but for some reason it had been returned and asked me to forward account details again. Two weeks ago he said that he had raised a ticket (whatever that means) and told me that the funds should be in my account the follwing week which did not happen. 

Mojave Capital trading is powered by a company registered in Marshall Islands under the name of Starland Ltd and as to why the wire payment was directed to a company dealing with computer hardware and software?

I am unable to make any contact with support as the telphone number given to me when I first registered has been diconnected.

I am following this matter with other authorities and will up date on any progress.