Hedgefonds: Dichtung, Wunsch und Wahrheit - 500 Beiträge pro Seite

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Vor einiger Zeit wurde eine KG, die in die 2 System V-Tek und Opening Move investiert, mit foglenden Worten vorgestellt:

....beide Systeme blicken auf eine auf eine mehrjährige Wertentwicklung zurück in welchen sich zeigte das die Systeme funktionieren. Nun ist es möglich bis 30.Okt. diese Investment zu zeichnen.
Die Mindestsumme zB beim V-TEK EVO ist bei der Direktzeichnung 250.000 ! ... im Paket nur 2.500.-

Ein Basisinvestment ist der V-TEK EVO das Unternehmen
hat sein Investment 1995 aufgelegt
hier die Wertentwicklung der letzten 12 Monate

http://cta-portal.de/cgi-bin/chart.pl?topic=ctas&cta=28&w=42…

seit 1995 im tatsächlichen Handel !!!

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR
2003 15.46 0.04 0.20 0.28 (0.37) (0.20) (0.63) 14.67
2002 1.04 0.52 0.95 0.25 0.00 2.11 12.50 14.41 13.53 2.85 6.84 (2.30) 64.65
2001 0.07 (1.66) (1.23) (1.35) (0.17) (0.96) 0.03 (0.43) (0.48) (0.11) (0.16) 0.91 (5,43)
2000 (8.80) 159.83 2.27 (3.76) 0.06 (0.76) 0.35 (0.72) (0.69) (1.05) (1.51) (0.25) 122.76
1999 5.19 (1.95) (4.34) 10.04 1.45 (2.15) 5.69 (2.68) 4.51 (2.20) 6.07 8.15 29,98
1998 1.68 (1.04) (2.42) 2.44 1.72 (2.35) 7.94 2.71 1.56 5.52 (2.26) (0.19) 15,80
1997 20.60 15.13 5.99 8.57 13.92 8.95 (4.84) (12.19) 12.13 13.67 (5.03) (2.43) 95.71
1996 6.34 9.93 9.91 (2.39) 6.54 0.05 1.04 3.37 1.31 5.61 (4.56) 2.99 46.84
1995 4.56 (1.68) 2.87 1.98 (7.19) 6.11 9.03 3.01 4.91 (10.49) 11.89 3.96 30.30

Hier zum Investment Achtung bis ... (http://

Was wurde daraus:
Sep-30-2004 - The Commodity Futures Trading Commission has charged Edward Velazquez of Chicago and his V-Tek companies with defrauding at least 43 customers of at least $2.4 million, but some evidence suggests that far larger amounts may be at stake.
As well, two individuals who claimed in press releases to hold the title of managing director with V-Tek entities appear never to have been formally registered in any capacity with the firm.
The CFTC alleges that the defendants fraudulently misrepresented the profit potential, and failed to adequately disclose the risks, of trading commodity futures; moreover, the firm`s Web site claimed a 186% gain for 2000-2002, without disclosing that the results were based on hypothetical trading.
It is unclear which V-Tek entity is supposed to have produced such returns. The firm`s Web site, according to the complaint, made " many statements (that) were ambiguous (as to) whether they referred to one or both V-Tek Capital," a British Virgin Islands entity, " and V-Tek Trading Group," which was registered in Illinois in December 1999.
The CFTC complaint also cited the commingling of investor and proprietary funds. Velazquez allegedly withdrew a total of $1.5 million from the V-Tek Capital account via checks made out to himself or cash, or by checks deposited to his personal checking account, according to the complaint.
V-Tek Trading Group reported to the CISDM database from January 2000 until September 2003, claiming a 45.8% compound annualized return over that period. Its assets peaked at $5 million in September 2003, the last month for which it reported performance. The program was removed from the active database in December 2003 for failure to report data for three consecutive months, although in November 2003 it asked for the name of the reporting entity to be changed to V-Tek Capital (BVI).
V-Tek Trading Group was registered with the CFTC in January 2000, while V-Tek Capital is not and has never been registered, despite the firm`s claims to the contrary, both on its Web site and in printed promotional materials, according to the CFTC`s complaint.
Two additional entities that Velazquez allegedly either owned or managed - FX 500 Inc and V-Tek FX Fund - were named in the enforcement as relief defendants, not charged with wrongdoing, but as a source from which assets may be recovered.
V-Tek Capital`s FX Fund appeared in a ranking of " Top 100 Managers Ranked by Latest 12 months return for the period ending [June] 2003," showing a return of 82.1% on assets of $450 million, in an undated edition of " Sanctity/Safe Money Metrics," a newsletter published by Sanctity Capital Management, a New York-based trading manager registered as both a trading advisor and commodity pool operator.
Velazquez was previously registered as an associated person of Borsellino Capital Management, a formerly registered trading advisor, from March 1998 to December 1999, according to the CFTC complaint. Velazquez and Lewis Borsellino are listed as principals of the firm, which reported to the then-MAR, now-CISDM managed futures database, with a track record dating from January 1998 to December 1999. The program returned 15.8% in 1998, but was down 23.5% in 1999; it was removed from the active database in the first quarter of 2000 for failing to report for three consecutive months.
Borsellino Capital Management withdrew its membership and trading advisor registrations from the National Futures Association, the futures industry`s self-regulatory organization, in August 2000. Lewis Borsellino is currently registered with the National Futures Association as a floor broker at the Chicago Mercantile Exchange, but is not implicated in the CFTC complaint against Velazquez and the V-Tek entities.
NFA records show a single CFTC reparations case - 02-R046 - against Velazquez and V-Tek Trading Group Inc, but does not provide additional information.
Other individuals with V-Tek affiliations have surfaced over recent months.
In a press release dated June 10 2003, Butler International (NASDAQ SC: BUTL) named Louis F. Petrossi, " currently...managing director of V-Tek Capital Inc, a global hedge fund-money management firm" as one of three new independent directors. NFA online records have no record of registration for any individual with the last name of Petrossi, and the Petrossi biography now on the Butler Web site makes no mention of his V-Tek connection, stating instead that he " currently serves as a consultant to hedge funds and money market firms."
Petrossi is not named in the CFTC complaint, and did not return phone calls seeking comment.
In a press release in December 2003, Global Partners Group - a diversified financial services firm providing " comprehensive asset management services, electronic trading technology, best execution trading and an emerging managers program featuring capital introduction" - named Larry Ortega, " previously a managing director for VTEK, a futures hedge fund based in Chicago," as vice president of institutional marketing.
In an affidavit, Ortega said that he worked with V-Tek from August 2002, but left in June 2003, because he " did not like the way he (Velazquez) operated." Within three months of being hired by Velazquez to solicit clients for an offshore hedge fund, Ortega " started to sense that Velazquez was very disorganized and secretive about his finances and the finances of the company."
After about six months of unsuccessfully trying to solicit clients for the fund, Ortega said he found that the fund in question had not been set up. After Ortega expressed his concern, Velazquez completed the necessary paperwork and began trading the hedge fund. According to Ortega, " since no one I had solicited had expressed an interest in investing, I asked Velazquez where the money to find the hedge fund was coming from. Velazquez responded that he was moving money around from his personal accounts in various foreign countries..."
Other red flags in Ortega`s affidavit include his statement that at one point Velazquez estimated the assets of himself and V-Tek at $85 million, a number he later revised to $32 million. In addition, an audit done apparently at the suggestion of Ortega showed that " Velazquez`s trading performance was not as profitable as he claimed, was volatile, and that most of the profitable trading occurred over a two month period."
Ortega is not named in the CFTC complaint, and declined to comment on either Velazquez or his affidavit.

Alles Beschiss!!!!
Das Opening Move System war auch ein Rohrkrepierer.

Soviel zur Dichtung, Wunsch und Wahrheit.

[anleger16]

Anleger16 hatte bereits 2002 informiert:

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