Complaint Review: SpotFN Ltd DBA spotfn.com and binaryacademics.com - London Other

Dear Sirs/Madames,
I am writing in reference to a company incorporated in  
the UK as Spot FN Ltd also doing business as Binary  
Academics in New York as well as Asset Signals in New  
York in the United States though at the time the latter  
two were represented as being seperate concerns a  
complete misrepresentation to keep the client on board  
and investing increasiing sums of money all of which it  
was their intention to abscound with from the  
inception.

Spot FN Ltd was dissolved in Aug/Sept 2015, it's  
director was William Marthinus De Beer and it's CEO  
James Kingsley although I believe Mr. De Beer is the  
priniciple concern as he chairs some 200 such companies  
and has been seen on ripoff sites to have defrauded a  
great many people thru the years in preciseely the  
manner in which I have been defrauded, a good many of  
these companies are since dissolved however a good  
many are still active which causes me to believe this  
item may be actionable as he obviously is of some  
considerable means not to mention a former employee  
has started a web site telling on this company and it's  
officers revealing that it is and was a total scam taking  
in some $700,000.00 per month prior to it being  
suddenly dissolved overnight last year.

The former employees web site is here  
https://spotfnscam.wordpress.com/
SpotFN did busiiness as spotfn.com a Binary Options  
traders the site which much to my chagrin was shut  
down I am just now finding out back in Aug/Sept of last  
year. There came a time when I just ignored the  
investment not able to get service from any of it's staff.  
Occasionally I would log on to see my money still sitting  
in the account.

I began with them in March of 2014 by placing $1000.00  
on my American Express Card which now I am going to  
try and chargeback, about a month later when things  
were not goiing all that well with the initial investment  
they began to pitch me on Binary Academics a firm out  
of New York they represented as being seperate from  
themselves which then I suspected by familiar voices on  
the phone and have since confirmed was actually their  
company as well, in other words different phone lines  
in the same call center.

In April of 2014 being told that I would make  
$10,000.00 per month on my investment I reluctantly  
wired $10,000.00 from my Chase account to a Bank of  
America Account in New York in the name of  
Alexander Greco representing of course Binary  
Academics which paperwork I still have.
Immediately the account took off and inside of one  
month I had twenty five thousand dollars in my  
account a substantial profit on 10K and of course I was  
pleased for who wouldn't be if not the unsuspecting  
though still apprehensive.

It was then SpotFN called me and asked me to invest  
another 10K and being suspicious I declined to do so  
saying I wanted to season the account before risking  
any more money a good choice in retrospect. Having  
refused to do so it was immediate that they sought  
retribution by performing trades on my account far  
exceeding the boundaries we had agreed upon and  
inside of two weeks they had lost 14K such that all that  
remained in my account was my original 11K  
investment.

I wrote and complaiined for obvious reasons that the  
gentlemen managing my account Austin Wilson and  
Patrick Star were behaviing irresponsibly with the  
funds, although I believe it unrelated to the complaint  
it was then that the account was frozen and all trading  
on it ceased leaving the original investment just sitting  
there for many months to come, I now know by looking  
at Mr. De Beer's history and other business dealings that  
he freezes the account because he knows that within a  
year of so he intends to dissolve the corportation, shut  
down the web site and abscound with the funds as this I  
learned with very little Google research was and is not  
his first rodeo.

The bottom line is monsieurs De Beer and Kingsley shut  
down the site and absounded albeit embezzled the  
funds no doubt in part in connection with a State Of  
Missouri court order to cease and desist doing business  
which I well imagine was the beginning of woes and the  
tale tale sign that they were at the end of the road, Mr.  
De Beer I see on the UK gov site was written off as  
director in January of 2015 and the corporation was  
dissolved by one supposes James Kingsley in Aug/Sept  
of 2015 all very methodical and I have no doubt  
premeditated as it quickly becomes obvious with very  
little research online that this something they do on a  
regular basis to what I suspect is an inordinate degree.  
Still it seems actionble to me as these men are engaged  
with other concerns and no not a few, they seem  
accessible with a fair amount of exposure and allegedly  
they had SpotFN insured by Allianz I learned on one  
ripoff report site as he had referred clients there just  
last year though I am only just learning of this closure  
and my money being abscounded with which seemingly  
was the end of all recourse until I began to dig renewing  
some modicum of hope that perhaps I could seek  
counsel to help me.

Link to State of Missouri Case to cease and desist
https://www.sos.mo.gov/cmsimages/securities/orders/ 
AP-15-12.pdf

I"ll make no bones I am clearly not a man of means, I am  
disabled, I am on a fixed income and my 11K investment  
was more than half than what I had won in a Good  
Guys sweepstakes that year that for the first time in  
my life I wanted some small investment with which to  
augment my extremely modest income.

Obviously then the only way I might pursue this is on a  
no win no fee basis and upon reflection I think it quite  
reasonable to seek $50,000.00 in damages  minimally  
due to what I was lied to and told about that brining in  
10K a month and based on what the account brought in  
that first month that they sought retribution and stole  
returning to themselves which then they froze the  
account knowing full well in a matter of a year or so  
they would shut the site down and abscound with the  
embezzled funds.

If this is not possible then please explain how y0u might  
be of service and what that would entail, any referrals  
or course of action albeit direction are also greatly  
appreciated as everything is not necessarily a fit for  
either of us, the truth is I just want my investment  
back and to take the least path of resistance and  
expense.

I humbly request that you attempt to place me with a  
no win no fee law firm that might help me pursue this, I  
don't think it at all unreasonable based on the facts and  
the egregious nature of the fraud.

Sincerely,

Terry Story
[email protected]