Complaint Review: Edge Traders TradingZoo Sam Baum Edan Aharony MP Magnolia Management - Marlboro New Jersey

LOL, the people at the Rip off report know me by now because of you. Going around signing up for free emails so you can post under different names in the rip off report. The truth be told that I have fired a disgruntle employee, a washed out trader in his 50's who still lives in a rented apartment in Queens, who joined our room in 2007. He in turn came back to me with an offer that he can get people to come and sample our methods and in return he'll get 20% out of everyone who signes up, I guess he couldn't trade for a living so he wanted to find a different source of income , well as it turned out his idea of getting people to sample our course is to go to trading forums and disguise himself as a regular Joe who is 'just trowing our company's name out there' to entice the curiosity of the bloggers, I didn't know about his shameful acts and when I found out I put a stop to it right away. After that he had no other way of bringing in people and the relationship became strenuous. Well 2 and a half weeks ago I put an end to our relationship with a thank you letter and a check of $2400. He cashed the check and then a day after started his sick twisted vendetta crusade after me. He is a liar and all he does is looking for ways to try and embellish my reputation. He is the one who comes out with all this posts. We have a proprietary system with proprietary set ups you can see me trade everyday live. I charge $6300 to teach a trader how to make 2 to 3 points a day given the fact I think it's cheep if you can learn to make $100,000 a year and much more. He has no integrity because even though he signed a confidential agreement he still try and go on various forums and embellish us lying about the way we teach and so forth. He is being sued by us for defamation and tortuous interference. He is a no good human being and you can see his malicious intent. Move on with your life. Let the truth be told, Sam.

What happened you forgot to change your name? going around all over trying to bash us but a liar leaves clues and here is one of your another lie. We are transparent we have nothing to hide. I'm sure you would have love to see that. My only question is that if the loss occurred last November which was a year ago. How come no one came forward and we've been in business for 5 years in 5 years not a single bashing post. I fire you and literally 2 days later you start with your bashful posts to try and get even for the fact you were fired. I just read a study saying that bullies brain is wired differently, they get pleasure by bulling other people and that is what you did to virtually any vendor when you were working for me whether it was Tsunami, RS of Huston, Traders Internationals and many more. Had I knew you were using those tactics I would have let you go on the spot.

Please be advised a complaint has been sent to the CFTC regarding Edge Traders marketing tactics.

Please be advised a complaint has been sent to the CFTC regarding Edge Traders marketing tactics.

Please be advised a complaint has been sent to the CFTC regarding Edge Traders marketing tactics.

Here are the facts: 1) Edan touted his trading prowess to prospective fund members who were students in his trading room by pointing out the performance of the trades on the website. 2) If you put $100,000 in his fund as of June 2007, and never withdrew any money, you would have $37,300 at year end. 3) If you put $100,000 in his fund as of July 2007, and never withdrew money, you would have $34,200 at year end. 4) If you put $100,000 in his fund as of August 2007, and never withdrew money, you would have $28,500 at year end. 5) If you put $100,000 in his fund as of September 2007, and never withdrew money, you would have $25,400 at year end. 6) If you put $100,000 in his fund as of October 2007, and never withdrew money, you would have $21,700 at year end. 7) If you put $100,000 in his fund as of November 2007, and never withdrew money, you would have $21,100 at year end. 8) If you put $100,000 in his fund as of December 2007, and never withdrew money, you would have $64,350 at year end. Anyone who put money into Aharony's fund when it commenced in June 2007 lost money. That is an irrefutable fact. He still hasn't answered the question, if he made so much money for himself taking those trades in the performance history section, why would he not simply replicate that performance for his managed fund? Why would he trade any differently? He said he was going to be more conservative, but in reality he was trading recklessly with no regard for the money others had entrusted to him. He didn't have one cent of his own money at risk and so he swung for the fences in an effort to rake as much of the 25% profit from those people as he could He was greedy, reckless and grossly negligent with other people's money.

I don't hide behind the fact there were losses in the fund in fact they are part of the disclosure document. I never once claimed the fund mimic the calls we make in the room. And for everyone who joined the fund the case was clear. We never lost 100% in 2 trades that is a complete lie. The person who's putting those lies on the rip off report fails to disclose that he made almost 100% return in 4 months and he added more funds to his account if I was so bed why do this? He was given the opportunity to rapidly pull profits out of his fund but chose to keep it in the fund. There was never a connection between the calls we made in the room to the fund in fact any short analysis would have proved that but when the fund made a lot of money it was convenient to keep it that way. It's only when we lost money in a bed trade that all of a sudden the convenient connection is made.