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Intercontinental Merchant Clearing Services
Internal Administrator
Posted: Friday, August 12, 2011
Joined: 10/12/2010
Posts: 5780

Posted: 2/12/2003 7:07:07 AM

By: Old Boiler

"Windsor Advisory Services SA & Intercontinental Merchant Clearing Services (IMCS ) Forex / Currency Option Boiler Room Investment Scam run by Jayson Kline and Tony Anagor in Barcelona, Spain

Jayson Kline is making over $ 1 million US dollars every month, and it all goes to IMCS based in the Bahamas (Nassau) tax free."

The above is taken from a warning about Windsor and IMCS. Windsor advise clients to buy options from IMCS.

I wonder if anyone can tell me how IMCS can legally issue forex options? I undertstand that these are an OTC product but can such securities be legally offered via the Bahamas?

Baldwin has posted regarding these type of crimes saying that

"By the way RISK is always disclosed and signed off on 18 pages on the minimum."

I assume that these contracts contain some mumbo jumbo that a slick lawyer has told Kline and Co. will save their skin?

I wonder if anyone has this contract?

Boiler room scams involving equities and interestingly involving a SPANISH based scam - Carlton Capital - have shown themselves vulnerable to legal action...Complaint: Leif Aa. Fredsted vs. Bryant D. Cragun

I would hope it is possible to find the "Achilles heel" of this type of operation. I would suggest the answer lies in the contract and perhaps the laissez faire attitude of Bahamian and Spanish regulators?

A reminder to the regulators of their obligations to international investors as well as a comparison of the contract against law may prove useful.


Posted: Friday, August 12, 2011

Posted: 2/13/2003 1:19:11 PM

By: Slanting the truth Hunter Read your post

You get to pick and choose what you post about just like the rest of us.
This confirms my suspicions. You are a fool who made a bad investment and blame the workd for your lack of due diligence.

Now you slander people with out all the facts and post personal information that has no bearing on due diligence or someones true intent. Past performance is no garauntee of future results. MORAL OF THE STORY:

You are claiming people are owners while you omit the true owners name. To this day you have everybody that you can find posts on but you have no clue about the true owner. See your title: If you do not include all in the same message then you are distorting the facts to present your blend or view of the truth. So if your going to slant a story to distract attention from the real prinicples then all that can be assumed you have an alterior motive.

So to make Jason, Rolle etc bad guys include the real boss and brains then you are closer to the truth but it does not make what they are doing illegal. RISK is part of all investing and If you expect high returns the RISK goes with it as you found out in your loss a few years ago.

So stop trying to make everyone with a business offshore to be a crook based on past history or complaints. If you ever read the CFTC or NFA guidelines Forex was unregulated nor controlled by either agency till Feb 05 2001. Hence the reason they are offshore.

If you can find one commodity firm in the USA by the way 80% or more of the clients lose money with out a complaint then proceed with my blessing. But your casting a wide net and all you have are minnows and slander with no real facts based on current activity.

Just because you read on the Internet or it was in a publication it does not make it true. National Enquirer example

Wars have been started by disinformation! Remember the MAINE! Until it affects you with a lawsuit for slander be careful and do not cast stones if you have no sin.

Your emails were tracked and your not as invisble as you think you are. History will catch up with those making waves and it is not always the outcome you would want or imagine.

Posted: Friday, August 12, 2011

Posted: 2/13/2003 10:57:11 AM

By: Khashoggi follower

Hope you are following lawsuit(s) surrounding General Commerce Bank because they are interesting.

Asean's Saxena reveals toxic convict Ahmad in Austrian fiasco
Asean Holdings Inc AHI
Thursday June 27 2002 Street Wire
by Brent Mudry

Controversial financier Tariq Ahmad of Reno, Nev., is the latest figure named by fugitive Thai financier Rakesh Saxena in the $1-billion collapse of General Commerce Bank SA in Austria last year. (All figures are in U.S. dollars.) In a statement of claim filed Wednesday in the Supreme Court of British Columbia, Mr. Saxena and one of his offshore holding companies seek $15-million in damages against Mr. Ahmad.
The named plaintiffs are Mr. Saxena and Marcala Foundation, based in the secretive enclave of Vaduz, Liechtenstein. Marcala is described as a "financial consulting firm specializing in the structuring of equity and debt hybrid transactions." The allegations in the suit, filed by Vancouver lawyer Stewart Andree, have not yet been proven in court and a statement of defence has not yet been filed by Mr. Ahmad, the sole defendant.
The current suit follows a $10-million suit Mr. Saxena filed Feb. 18 against Raoul Berthaumieu of Belgium, the front man in the collapse of General Commerce Bank, a fraudulent bank linked to international boiler room operations. The new suit claims Mr. Ahmad worked closely with Mr. Berthaumieu and helped raise $200-million in illicit proceeds from shares of penny stock shells originally related to Mr. Saxena. According to Mr. Saxena, Mr. Berthaumieu and Mr. Ahmad met in jail in California close to a decade ago.
The General Commerce Bank fiasco, in which Mr. Saxena claims he was a major victim, is a significant setback for the Indian-born financier, himself a alleged key player in the $2-billion fraudulent collapse of Bangkok Bank of Commerce in 1996. Mr. Saxena, charged in the BBC case along with close associate Adnan Khashoggi, the Saudi Iran Contra figure, is currently fighting an extradition order from Vancouver, where he lives under self-financed $375,000-a-year house arrest in a luxury waterfront condo close to Howe Street, an international centre of penny stock dealings.
The breadth of Mr. Saxena's global finance contacts is remarkable. Last August, Stockwatch revealed the fugitive Thai financier was linked to John Douglas Reynolds, the former Howe Street promoter turned prominent Canadian politician. In numerous contacts, Mr. Saxena tried to help Mr. Reynolds work out a whopping $484,000 (Canadian) debit the politician left at Vancouver brokerage Global Securities. Mr. Reynolds's debit stemmed from a block of WaveTech Networks Inc. shares he bought after he joined the board of the Canadian penny stock promotion, a Saxena shell.
Despite the unflattering ensuing publicity, including a lead front page story in The Vancouver Sun, entitled "The Politician and the Fugitive," the controversy hardly hurt Mr. Reynolds's political stature. Mr. Reynolds, then the No. 2 man of Canada's official opposition party, propping up fast-fading Canadian Alliance leader Stockwell Day, went on to become Canada's official interim opposition leader when Mr. Day resigned, and remains a prominent figure in the reformist party, personnally attacking Prime Minister Jean Chretien over a series of government corruption scandals.
The current Saxena suit claims Mr. Saxena, his Vaduz-based Marcala and Mr. Ahmad did business with Mr. Berthaumieu, the chairman and authorized signatory of General Commerce Bank and the managing director of Pacific Federal SA, the banker's lawyer-wife Sylvie Sainlez and another offshore bank, IBL Investments Bank Luxembourg.
"Ahmad at all material times and on various material occasions, fraudulently represented himself to be a director and significant shareholder of numerous noteworthy public companies in the United States which owned substantial assets in the United States and mining operations in Pakistan," states the suit. "At a material time Berthaumieu and Ahmad as an accomplice, and each together, offered a number of negotiable instruments, which they knew to be fraudulent, to the plaintiffs and each as genuine banking transactions."
A brief review of regulatory filings shows Mr. Ahmad has kept a relatively low profile in the penny stock world, apparently generally keeping his name off filings with the United States Securities and Exchange Commission. He is, however, linked to current promotions on the barely regulated pink sheets market: Pacific Energy and Mining Co. and Pacific Star Technology Corp. Both companies use the Reno address shown for Mr. Ahmad in the Saxena suit. While Mr. Ahmad is not readily apparent in Pacific Star, the company also uses the same phone number as Pacific Energy, in which he is a player.
Pacific Energy has a curious asset mix, even by penny stock standards. In a Jan. 8 press release, showing Mr. Ahmad as the company contact, Pacific Energy claims it owns interests in broadband services, telecommunications and natural resources. In addition to claiming control of properties in the U.S. Rockies with four million tons of chrome ore and seven million tons of magnesite, Pacific Energy says it has established "high-quality, long-life oil and gas reserves." The tiny company claims it is "focused on Growth, Value and Performance as it builds a Super-Independent natural resources company."
In the press release, Pacific Energy claimed the completion of its private cable network in Reno, operated and owned by Satview LLC, in which Pacific owns a 50-per-cent stake. Mr. Ahmad claimed the private cable network provides broadband services, including television and high-speed Internet, to "high end Multi Dwelling Unit customers," and Pacific expected 90 per cent of the residents would sign up for television service by March, a phenomenally fast and high level of penetration. Mr. Ahmad claims Satview also has properties in California, Colorado and Nevada, and it projects to sign up 40,000 subscribers by the end of this year.
Mr. Ahmad has quite a history in California -- in fact, he has been a distinguished guest of the exlusive gated communities run by the state's department of corrections.
Mr. Ahmad's international entrepreneurial talents were first publicly recognized in November, 1990, when he was arrested in Reno, at age 30, on charges of illegally shipping 75 containers of hazardous waste from a Los Angeles-area laboratory to Pakistan. According to the Los Angeles County district attorney's office, Mr. Ahmad had been ordered by county health officials to get rid of hazardous chemicals in 1989 after a fire consumed his company, Shankman Laboratories.
"Prosecutors said Ahmad sent the chemicals to a company near Los Angeles International Airport to be shipped to Pakistan. During unloading, the chemicals spilled, prompting evacuation of 75 workers. The spokesman said Ahmad failed to property package the chemicals, and the Pakistani government sent them back," reported the Los Angeles Times. Federal prosecutors claim Mr. Ahmad paid $1,800 to illegally export the mislabeled toxic trove, instead of spending $80,000 to have the waste disposed of properly.
"Ahmad intended to dump the 27 55-gallon drums of hazardous waste down mine shafts in Pakistan owned by Ahmad and his family. This hazardous waste, which included cyanide, mercury and arsenic, if dumped in the ground, would severely contaminate underground drinking water supplies and seriously endanger human health," Assistant United States Attorney Stephen Mansfield told the press.
This was just the start. Mr. Ahmad was named as the key player in a federal grand jury indictment unsealed March 16, 1992, in U.S. District Court for the Central District of California. In addition to the state's toxic-waste charge, the federal indictment charged Mr. Ahmad, his brother Mobashir Ahmad, and associate Rafar Asrar, with an arson conspiracy in which his Shankman lab was torched to collect $205,000 in a fraudulent fire insurance claim.
The grand jury indictment claimed the Nov. 30, 1989, torch job was staged to look like an accidental fire, and three weeks after the fire Mr. Ahmad shipped off the toxic waste from his lab. The torcher's toxic shipment made it from Los Angeles to Dubai, where it was intercepted after Pakistani intelligence had been tipped off. Mr. Ahmad was also charged with mail fraud and perjury, stemming from the grand jury probe.
Mr. Ahmad and Mr. Asrar were convicted April 15, 1993, of the toxic waste charges and charges of arson, arson conspiracy, mail fraud and perjury. Mr. Ahmad was also convicted of money laundering. Federal prosecutors called it the first ever jury conviction for the illegal transportation and exportation of hazardous waste.
Mr. Ahmad was subsequently sentenced on Aug. 9, 1993, to eight years in a federal prison, while Mr. Asrar was sentenced a month earlier to five years. The judge also ordered Mr. Ahmad to make restitution payments of $250,000 and to forfeit $200,000 to the federal government.
While for some, an eight-year prison term might mark the end of a promising entreprenurial career, for Mr. Ahmad it was just the start.
In the current suit, Mr. Saxena claims he heard distressing news six months ago. "In December, 2001, the plaintiffs were informed that Pacific (Federal) was not allowed to engage in securities transactions under the laws of its country of incorporation, Belgium, and that Ahmad and Berthaumieu had developed their conspiratorial association while serving jail time for serious California convictions which actually bared (them) from performing many of the public company related activities."
Mr. Berthaumieu, who used the alias Lee Sanders then and now, had the misfortune of being convicted in 1991, when he pleaded guilty to felony bank fraud for writing $1.6-million in rubber cheques. The Belgian-born Canadian national, then 46 and living in the Los Angeles suburb of Woodland Hills, was arrested on a sealed grand jury indictment in June, 1990, in Melbourne, Australia, a credential few other bank chairmen can boast of.
California's prison system actually deserves full credit as the spawning ground for the General Commerce fiasco in Austria years later. According to Mr. Saxena, at least three other key General Commerce figures were in jail in California in the early 1990s.
"Sherman (Mazur) met Raoul (Berthaumieu) in jail," says Mr. Saxena, who knows quite a bit about the General Commerce Bank players.
Mr. Mazur, then 43, capped a lengthy criminal investigation in July, 1993, when he pled guilty to seven counts of bankruptcy and tax fraud in federal district court in the United States District Court in the Central District of California in Los Angeles. The guilty plea came less than a week before he was to face the start of a trial on 74 fraud-related criminal charges.
The highflying financier, who boasted a fleet of eight or nine luxury cars including a Ferrari and two Rolls-Royces, was prosecuted for milking and bilking many of the 200 real estate limited partnerships he headed. Mr. Mazur's veneer of respectable success peeled away after he was indicted in 1991.
On Dec. 1, 1993, U.S. District Court Judge Ronald Lew sentenced Mr. Mazur to six years in prison and a $250,000 fine. (This was on top of the $500,000 restitution the fraudster agreed to in his plea negotiations.) Prosecutors called the Mazur saga one of the largest cases of tax fraud at the time. Mr. Mazur "should be punished for the greed he has shown," Assistant U.S. Attorney Maureen Tighe, the lead prosecutor, told Judge Lew.
The jailhouse legend is even richer. According to Mr. Saxena, while Mr. Mazur and Mr. Berthaumieu spent several years together in California, they also met a chap in jail who later became General Commerce Bank's representative in London. "It is stranger than fiction," says Mr. Saxena, whose courtroom opponents might suggest he is indeed an expert on the subject of fiction.
Mr. Mazur, Mr. Berthaumieu, Mr. Ahmad and their London associate were not the only General Commerce Bank key players to learn a thing or two in jail. Regis Possino, who still lives in the Los Angeles area, was convicted in 1978 in an entertaining drug sting, sentenced to one year in jail, and disbarred in 1984. The budding young lawyer had offered to sell half a ton of pot and $5-million worth of stolen bonds to undercover agents.
While Mr. Possino has been quite active in controversial penny stock promotions in recent years, Mr. Saxena claims he was outranked by Mr. Sherman in the behind-the-scenes structure of General Commerce Bank. "Sherman is the main player; he is the front guy," Mr. Saxena told Stockwatch. "Berthaumieu reported to Sherman, not to Regis."
In the latest suit, Mr. Saxena traces his unfortunate General Commerce Bank dealings back to November, 2000. "Berthaumieu requested the plaintiffs to conduct highly specialized investment banking services for GCB and Pacific (Federal) offering to pay the customary fee and commission of between 5 per cent and 12 per cent of the face value of each transaction."
The suit claims that in December, 2000, Mr. Saxena and his Vaduz holding company, relying on the representations of Mr. Berthaumieu and his lawyer-wife Ms. Sainlez, structured a $100-million convertible loan transaction between a major Turkish steel producer and General Commerce Bank.
This is where it gets really interesting. "On or about May, 2001, Berthaumieu arranged that GCB make and deliver a $1-million (US) GCB promissory note to the order of a Canadian resident and his U.S. corporation in return for the right to acquire, for merger purposes, four U.S. shell companies," states the suit. The court filing notes Mr. Saxena and Marcala, his Vaduz company, arranged these transactions and were entitled to a fee and commission.
Unfortunately, Mr. Saxena later found he was victimized. "On or about May 2002, the plaintiffs received evidence that Berthaumieu, without informing Saxena and without completing purchase of the within U.S. shell corporation, clandestinely sold shares in one or more of the shell corporations to European investors and converted the proceeds (approximately $200-million US) to himself and his accomplice Ahmad," states the suit.
The suit also claims that last July, Mr. Berthaumieu and Ms. Sainlez arranged for General Commerce Bank to make and deliver GCB promissory notes "to the order of two U.S. corporations" with a dollar value exceeding $27-million in order to acquire majority shares in an American public company and to purchase a business to be merged into this listed company.
The busy bankers had much more on the go. "On or about July-August 2001, Berthaumieu requested the plaintiffs to arrange that Pacific (Federal) purchase two U.S.-based broker-dealers," states the suit. The court action claims that while Mr. Berthaumieu negligently failed to close the purchase of these two unidentified brokerages, substantial fees and commissions were due to Mr. Saxena. The suit claims that to compensate for these fees and commissions, Mr. Berthaumieu signed some agreements.
"On or about August 13, 2001, Berthaumieu, Sainlez and Ahmad arranged the issuance of promissory notes (Face Value $40-million U.S.) made by Eurolinks Ltd. (a nominee corporation purported to be owned by Berthaumieu and Ahmad) which relied, for security purposes, upon the businesses purportedly controlled and owned by Ahmad in the U.S. and in Pakistan," states the suit.
Mr. Saxena claims his lucrative fee deals began unravelling between last September and December, when he discovered that Mr. Berthaumieu was never authorized to act on behalf of General Commerce Bank, which rendered the promissory notes just worthless paper. It got worse in January, when Mr. Saxena claims he discovered Mr. Ahmad was never authorized to transact the assets linked to the promissory notes and that Mr. Ahmad did not exercise any recognizable control over the subject assets.
Mr. Saxena and Marcala, his Vaduz company, now seek damages of $15-million after this distressing experience of high-level deception.

Posted: Friday, August 12, 2011

Posted: 2/13/2003 7:26:00 AM

By: Also why don't you post about Chip

If you think Chip deserves attention then post away. You get to pick and choose what you post about just like the rest of us.

Old Boiler likes to post about overseas boiler rooms and other subjects.

I like Tedder, Rick Muto, other Tedder associates, Foreign Currency International, overseas boiler rooms, and a whole mess of other topics.

Have at it.

Posted: Friday, August 12, 2011

Posted: 2/13/2003 7:22:31 AM

By: We aren't so dumb as to believe

That Kashoggi having problems due to that bank failure and the GenesisIntermedia problem doesn't mean that people running overseas boiler rooms don't also have problems. Take the people involved in Foreign Currency International (first the one in the US and then overseas).

Ohio Securities took action against Foreign Currency International, Kline, and Reece

Robert Holland was convicted and is a fugutive

Georgia authorities are still "actively" investigating FCI.

Can't forget James Francis Muller who has that small problem in Thailand.

Things like that don't get overlooked just because someone like Kashoggi is out there. Nice try to deflect from legitimate critcism of operations like Foreign Currency International and overseas boiler rooms. A number of which have been put on warning lists.

Not sure about others but I am not too concerned what people "in the industry" think about the information posted at this board. Especially if "in the industry" refers to those involved in overseas boiler rooms.

Posted: Friday, August 12, 2011

Posted: 2/12/2003 8:36:57 PM

By: The lack of one name !

The owner is the above mentioned. The fact that nobody uses his name at all in relation to the others leads me to believe that someone is maliciously going after his associates and giving him a clean bill of health. (
Untill all the slanderers put his name with the rest No one in the industry will respect your posts. It seems you guys all live from on board or the other and none have an real insight ather than what you read.

What about Kashoggi? Do you know who he is?
What about BCCI?

I will give you a clue the real owners name is:CMI and Windsor is
Chip) tell me who this is then I will believe you might be who you think you are. If not your part of a malicious disinformation campaign with the rest and I hope you sleep at night.

Wake up guys your playing with big money offshore and slandering innocent people with others whom are not involved.

There are real investments out there contrary to the songbirds singing songs about every one is a thief. God forbid you take on ENRON etc. WHere were these oracles of doom for these real frauds. NOT ONE POST WARNING ANYBODY!

So until you come up with real bad guys not innuendo your all good for a laugh.

What about BRE-X where were you??

It is funny how good you are about repeating others posts but can not come up with an original thought or anytrue insight.

Posted: Friday, August 12, 2011

Posted: 2/17/2003 5:19:42 AM

By: Fairlot?

What do we think about this?

based in the BVI and was out of a Regus office center in Luxembourg.

Do not know if they are legitimate or not.

Dutch connection is of concern.

Peters, Carmen (KILWOREPUD)
Postbus 1990

Domain Name: FAIRLOT.COM

Administrative Contact:
Peters, Carmen (GODWIHXNXI)
Postbus 1990
s'-Hertogenbosch 5200BZ

Posted: Friday, August 12, 2011

Posted: 2/17/2003 5:05:27 AM

By: Old Boiler

Marcel Gerritsen & Martin Allan Shinett.

MG is Dutch. I have noticed a Dutch connection with a lot of FX operations - still checking another.

As far as Les is concerned - have been thinking this over and will post my idea later. If we let these scambags get away with this then who knows where they will stop.

Catch ya later,


Posted: Friday, August 12, 2011

Posted: 2/14/2003 4:28:56 PM

By: Ol' Hap

Thank you, Hunter, for the summary.

As for "Hunter's New Tracker" and the bit on Karma, well, yes, your thoughts are original....downright imaginative...heh.


Posted: Friday, August 12, 2011

Posted: 2/14/2003 7:40:12 AM

By: Summary Information To DATE


Involved with Windsor Advisory Services

Reference article with details about Les Henderson, his Crime site, Windsor Advisory Services, and Jayson Kline.

Comment from article.
“Crimes of Persuasion recently took the bold and laudable initiative of naming a FOREX (FOReign EXchange) operation whose owners/directors include a known fraudster, who is the subject of numerous Cease and Desist orders in the U.S. in regard to FOREX scams.”

Reference post on Windsor Advisory Services:

Link to Windsor Advisory Services site:

Comments from article on Windsor Advisory Services and Jayson Kline.
Link to reference article:
NOTE: Reference to problems with regulators in US and promises made to investor about earning 20 to 30 times his investment by purchasing foreign currency investments with MINIMAL risk.

“An offshore firm selling high-risk currency options is exploiting a huge regulatory loophope so it can advertise in the UK and feature Financial Services Authority approval in its publicity.
The firm's principal has had several clashes with regulators in North America while the firm is barred from selling its products in several countries including the US and Ireland.”
“We listed run-ins between Jayson Scott Kline, Windsor's president, and regulators in North America including an April 2000 "cease and desist" order from the Ohio Department of Commerce against Kline's former operation Foreign Currency International, based in Atlanta, "in the public interest or for the protection of investors."
Securities Commissioner Thomas Geyer cited the case of Ohio resident Dale Cole who was told he could earn "20 to 30 times his investment by purchasing foreign currency investments with minimal risk." “

One of the officers of Foreign Currency International of Georgia

Link to Cease & Desist Order against Jayson Kline, John Reece, Cease and Desist by Ohio Securities:

An active criminal investigation of Foreign Currency International of Georgia continues. This statement can be verified with authorities in Georgia.

Link to FL Corporate Records, GA Corporate Records, information on Intercontinental Merchant Clearing Services Ltd in the Bahamas, information on Pedro Rolle of the Bahamas, information on various Forex sites and site registration information, SEC Litigation Release against Charles Fremer and others, FL Corporate Record for Gibraltar Monetary Corporation of which Jayson Kline, Charles Fremer, and Thomas J. Clancy are officers.


Involved in overseas Foreign Currency International with Ian Travis

Comments from Time Asia article

“One gate-crasher is Foreign Currency International, a firm that peddles forex derivatives but switches locations and names as soon as investors' money is in the bank. The company is run by Ian Travis, a strapping Taekwondo expert who claims to have put in time as a mercenary in Cambodia and Sierra Leone. Aside from flying into rages over the lack of dog-friendly airlines, he is brutally paranoid about exposure, threatening employees who want to return to their home countries. In July, the British embassy had to intervene on behalf of two of its nationals, Geoffrey Higson and James O'Connor, before Travis would give back their passports. The Brinton Group also zealously protects its turf. A lawyer in Bangkok says he once represented two of the company's former employees who had been beaten severely after being caught copying the company's investor lists and other information onto a disc. After the employees' families in Britain were threatened, they dropped their case.”

Reference Post with Time Asia article:

Fighting extradition to Thailand due to the murder of Ian Travis
Link to article:

Arrested in Atlanta for involvement in Foreign Currency International of Georgia. Comments from article referenced above.
“US and Thai authorities have been seeking James Francis Muller and his Thai wife Woranuch Aksorn since the killing of Ian Travis in Bangkok on March 1. Muller is also wanted over a US$37-million (Bt1.6-billion) fraud case in the state of Georgia.”

The fact that his arrest was due to his involvement in Foreign Currency International of Georgia, which is part of the public record, can be verified with authorities in Georgia. I am not sure if he is still in jail. If anyone is interested in checking I believe it would be the Cobb County Sheriff’s office in Georgia that would have that information.


Facts on Robert Holland that can be verified with authorities in Iowa.

He worked for Foreign Currency International in Georgia.

He was the representative of Foreign Currency International who dealt with approximately 20 victims in Iowa who had the most evidence and documentation to support charges against Robert Holland.

He was conviceted and is a fugutive.


Comments from Time Asia article


“The erratic Danny Sterk, who was convicted of fraud in the U.S. before launching a Bangkok-based venture called International Asset Management, seems to have been among the most aggressive”

“When Thai regulators announced their crackdown in July, Sterk fled to Spain. But many of Bangkok's boiler rooms are booming.”


Reference post with Time Asia article:


Involved in a look alike site to Windsor Advisory Services. Name is Euro Advisory Services. Link to reference post:

Link to reference post on lawsuit(s) against Danny Sterk, Dan Stuart, and Rina Hirschfield Sturt:

Link to Open Judgment records:

Posted: Friday, August 12, 2011

Posted: 2/13/2003 8:23:44 PM

By: Karma for Hunter and more!

Regulation never made any one money except the lawyers.

90% of the Americans who lost money last two years did so in regulated markets. Millions of dollars are offshore and by current estimates in the trillions.

The reason people go off shore is to put money in situations where it is protected from malfeasance, lawsuits and taxation laws that are archaic at best. Even Europe changed its Capital gains structure to keep money home instead of in the Carribbean or Swiss banks.

The truth is a profitable business with good management and good growth will make money. And yes many people did make money in the regulated markets and many did so offshore for their own reasons and many people have done so with people your associating others with.

The winners never cry to the press its only the losers and those who were greedy and lost because of human nature. This does not make people running the venues illegal or criminal because of lack if regulation rather exactly what the greed in people were looking for. A fast buck undetected by people like you. There are those who can't stand to see some one who has a little more wealth than you will ever have and I promise you their yachts and planes are registered in these third world areas. Lets start with the cruise ships get the point!

This does not make the people providing the service criminals or killers as you have tried to insinuate with your postings and links.

You did however equate many people in your postings with each other with no real facts other than innuendo. Posting information off credit reports with addresses and phone numbers and even insinuating that they are involved with other people currently whom might have problems is slanderous and without basis of truth.

So when you are under the microscope and showing the world how easy it is to get information on people off of websites under stand that it can come back and backfire on you especially when your wrong.

Unfortunately you are not some crusader saving the world rather throwing stones at glass houses. Look into your soul and tell your self that you never lost money in investments and if you repeat it enough maybe it will come true but your actions, past correspondence by email with people prove other wise.

But again your insinuations about placing ads in newspapers are another indirect slander at some one you don't know. I don't wish you well rather feel sorry for you that you have no life!

Karma is an eastern philosophy that tends to make its own rules.

It is you that decides on what Karma you take on through life and only you must live with it.

And yes to your peanut gallery I make typos but at least my thoughts are original.

Posted: Friday, August 12, 2011

Posted: 2/13/2003 2:31:20 PM

By: Nice try but wrong again

You have put me in the wrong category. While I have done some foolish things in my life making bad investments isn't one of them. Very conservative investor and done OK. Never invested in any bank debenture scam, OTCBB stocks, or any Forex programs.

You continue to put words in my posts so to speak. I haven't made Jayson Kline nor Pedro Rolle out to be "bad guys". If you read the material posted by myself and others and draw that conclusion then it is the factual material posted that resulted in your conclusion. Just wondering but does that mean you think they are "bad boys"??? If so then why???

While past performance, or lack of performance, doesn't guarantee future results I do think it is a good indication of what the future holds. In case you didn't know it a lot of investment decisions are made based on past performance. I guess the phrase "prediction theory" is lost on you. Just as the concpet of looking at past data, performance, experience to advance an opinion is lost on you. Well let me make it real simple for you. In my opinion an informed investor would be remiss not to look at past performance, or lack of performance, past trouble with regulators, court cases, corporate records, and anything else publicly available prior to making a deicsion to invest in an unregulated Forex program in an unregulated jurisdiction.

Don't tell me that you plan to take out any adds in the paper wishing me well because I am "making waves"!!!! Or let me guess you reported me to the people who handle the Patriot watch list. You really are a piece of work. I wonder if your postings instill confidence in potential investors. You might want to give that one some thought after you learn more about prediction theory.

Posted: Friday, August 12, 2011

Posted: 2/19/2003 6:48:38 AM

By: stocklemon - JUNM suit

Don't know the status of this suit but there are some interesting names mentioned.



Plaintiff: COULTER, DAVID B.


Filing Date: 10/15/2002

Case Number: 02CC15848


Filing Type: CIVIL


Attorney for Plaintiff: HOLLIS & NERVIG



Posted: Friday, August 12, 2011

Posted: 2/18/2003 2:45:19 PM

By: Double Dutch - ENGLISH comments

Asked someone to take a look at the article referenced since it was in Dutch. Below are comments.


It basically makes reference to the various fraudulent acts of some Swiss Forex Dealers that are advertising and are attracting investors from Holland that results in the investors loosing their invested funds in questionable activities.

It makes reference to a Dutch investor that paid some 10,000 Dutch Guilders for a Forex transaction that lost him 8,500 and he now considers that to be “education fees”.

It advises the public not to enter into Forex transactions with companies that are located in the Swiss mountains, somehow accuses the authorities in Zug for allowing operations of this nature to take place from companies domiciled in Zug but owned by individuals located in Portugal and or Liechtenstein.

It makes specific reference to ; Pilatus Finance and Quotes GmbH in Lucern, Meridio Investment and Forex AG in Zug, and Innotrend Trading in Baar (Zug).

STE in the Dutch Government Regulatory authority.

My search ;

1. Pilatus Finance in Liquidation

Current Name Reside Immobilien AG

Previous name Valiant Immobilien AG

PFC Pilatus Consulting AG

Cotex AG

2. Quotes GmbH

can not locate

3. Meridio Investments AG in Liquidation

Current Name Meridio Services AG

Previous Name Meridio Investments AG

Sistertium Trading & Management AG

Officers Henoch Zuber

Claude Heini

4. Forexia AG in Liquidation

Officers Henoch Zuber

Anthony Price UK

Claude Heini

Hubert Paetz

5. Innotrend Trading AG in Liquidation

Officers Dr Gerhard Haenggi

Fortunat Schnider

Hisko Baas Dutch

Attorney Peter A Iten

Hans Peter Haller

Posted: Friday, August 12, 2011

Posted: 2/18/2003 9:38:15 AM

By: Stocklemon

Hunter and others, some reports on what Hunter has termed "dog stocks" ..old chestnuts like ..JUNM and Duravest.

Posted: Friday, August 12, 2011

Posted: 2/18/2003 9:25:46 AM

By: Risk Capital

Nope..nothing sorry

I thought I remembered JC's name ....but I see that a gentleman with that name was involved with a promisory note operation so it was probably that.

I guess you saw that.

Is this an FX player?

Posted: Friday, August 12, 2011

Posted: 2/17/2003 10:52:44 AM

By: Risk Capital Trading Group

Old Boiler or others.

Anyone heard anything good or bad about Risk Capital Trading Gorup Inc.

Atlanta Corporation.
Active: 10/13/2000 to 5/18/2000

James Cunningham
Ty Edwards
John Reece

Posted: Friday, August 12, 2011

Posted: 2/17/2003 5:39:47 AM

By: Double Dutch

The Dutch are getting calls from Switzerland.

Innotrend, Forexia etc.

This Dutch connection looks promising.

Euro Advisory?

Posted: Friday, August 12, 2011

Posted: 6/22/2006 11:13:04 PM

By: trueblood786

Saxena keeps on suing his latest is suing his last lawyer from jail, his suit on your site is just another example from a crook who sues for fun

Posted: Friday, August 12, 2011

Posted: 1/27/2006 2:07:51 PM

By: Wilfried Fröhlich

Sehr geehrte Damen und Herren,

ich habe seit Monaten mit einem Fortunat Schnider aus der Schweiz zu tun, der meinen Kunden Beteiligungen verspricht und bisher nichts eingehalten hat. Haben Sie mir Infos zu diesem Mann?

Posted: Friday, August 12, 2011

Posted: 7/30/2003 12:21:53 PM

By: Mark

DANNY STERK had one of International Asset Management offices in Thailand on langsuan road
I was walking on this road when boom I see IAM office (september 2002)
In same month, I also see Johannson from Crozier on Langsuan (probally stayed in one of hotels there in business area)

Interesting is that now June2003, where in 2002 was sterks IAM office, I often see another 40-45y old US businessman with wife or escort girl
office doesnt exist anymore, but like it looks now, place is gonna become a restaurant.

Posted: Friday, August 12, 2011

Posted: 4/9/2003 5:01:01 AM

By: jus

I have this contract and I lost $$$$ last August Let me know if you want to discuss it.

Posted: Friday, August 12, 2011

Posted: 2/20/2003 8:03:21 AM

By: Danke

There was a gentleman whose name I forget..Pinkus perhaps?
I remember that he had a kosher restaraunt built in Zug.

Always had a lot of respect for Rich.

Posted: Friday, August 12, 2011

Posted: 2/19/2003 3:26:55 PM

By: renatus

marc rich is still very active here in zug (50meters away from my own office... but far away with his financial capacity

his former company marc rich & co ag was renamed to glencore, mr. rich sold his shares to his former partners... they are also very active here in zug

marc rich lives in meggen/lucerne

... the whole group "offers" some hundred jobs in the area!

take care


Posted: Friday, August 12, 2011

Posted: 2/19/2003 9:21:11 AM

By: Zug

I see why they call you Hunter. Thanks for the info on the Swiss - Zug connection.

Zug is the home of many legitimate commodity traders by the way. It has a particularly good tax regime for this activity...perhaps the Cantonal authorities should be more careful? Still, there are bad apples everywhere and the Swiss Cantons tend to be very well regulated.

The Dutch article mentions opties (options)..this is interesting as this is the preferred security of Windsor and your man in Bangkok.

Operations like G.FLEURY and others have latched onto the spot market. I am sure that these options are a weak spot!! for the scammers - Baldwin's boasts about the contract still fascinate me.

Have been reading Cyril's posts regarding regulation with interest.

Totally unrelated but still on Zug...

Mark Rich lived there for a while before Bill gave him a clean bill of health. Think he fell out with the Zug folks and moved to another Canton.

Catch ya later,


Posted: Friday, August 12, 2011

Posted: 4/26/2007 2:57:35 PM

By: Wilfried Fröhlich

Please cancel this message.

Posted: Friday, August 12, 2011

Posted: 4/25/2007 8:23:44 AM

By: DownSouth

Is there any way to retrieve monies invested into these "boiler rooms"

Posted: Friday, August 12, 2011

Posted: 4/9/2007 11:53:10 AM

By: Wilfried Fröhlich

Please cancel this message:

Re: Intercontinental Merchant Clearing Services
By Wilfried Fröhlich on 1/27/2006 2:07:51 PM

Posted: Friday, August 12, 2011

Posted: 2/25/2007 1:53:21 PM

By: Lisa

LIFE FOREVER I found this on a bulletin board and decided to try it. A little
while back, I was browsing through newsgroups, just like you are now,
and came across an article similar to this that said you could make
thousands of dollars within weeks with only an initial investment of
$6.00! So I thought, "Yeah right, this must be a scam", but
like most of us, I was curious, so I kept reading. Anyway, it said
that you send $1.00 to each of the 6 names and address stated in the
article. You then place your own name and address in the bottom of
the list at #6, and post the article in at least 200 newsgroups.
(There are thousands) No catch, that was it. So after thinking it
over, and talking to a few people first, I thought about trying it. I
figured: "what have I got to lose except 6 stamps and $6.00,
right?" Then I invested the measly $6.00. Well GUESS WHAT!?...
within 7 days, I started getting money in the mail! I was shocked! I
figured it would end soon, but the money just kept coming in. In my
first week, I made about $25.00. By the end of the second week I had
made a total of over $1,000.00! In the third week I had over
$10,000.00 and it's still growing. This is now my fourth week and I
have made a total of just over $42,000.00 and it's still coming in
rapidly. It's certainly worth $6.00, and 6 stamps, I have spent more
than that on the lottery!! Let me tell you how this works and most
importantly, WHY it works... Also, make sure you print a copy of this
article NOW, so you can get the information off of it as you need it.
I promise you that if you follow the directions exactly, that you
will start making more money than you thought possible by doing
something so easy!
Suggestion: Read this entire message carefully! (print it out or
download it.) Follow the simple directions and watch the money come
It's easy. It's legal. And, your investment is only $6.00 (Plus
IMPORTANT: This is not a rip-off; it is not indecent; it is not
illegal; and it is 99% no risk - it really works!
If all of the following instructions are adhered to, you will receive
extraordinary dividends.
Please follow these directions EXACTLY, and $50,000 or more can be
yours in 20 to 60 days. This program remains successful because of
the honesty and integrity of the participants. Please continue its
success by carefully adhering to the instructions.
You will now become part of the Mail Order business. In this business
your product is not solid and tangible, it's a service. You are in
the business of developing Mailing Lists. Many large corporations are
happy to pay big bucks for quality lists. However, the money made
from the mailing lists is secondary to the income which is made from
people like you and me asking to be included in that list.
Here are the 4 easy steps to success:
STEP 1: Get 6 separate pieces of paper and write the following on
each piece of paper "PLEASE PUT ME ON YOUR MAILING LIST." Now
get 6 US $1.00 bills and place ONE inside EACH of the 6 pieces of
paper so the bill will not be seen through the envelope (to prevent
thievery). Next, place one paper in each of the 6 envelopes and seal
them. You should now have 6 sealed envelopes, each with a piece of
paper stating the above phrase, your name and address, and a $1.00
bill. What you are doing is creating a service. THIS IS ABSOLUTELY
LEGAL! You are requesting a legitimate service and you are paying for
it! Like most of us I was a little skeptical and a little worried
about the legal aspects of it all. So I checked it out with the U.S.
Post Office (1-800-725-2161) and they confirmed that it is indeed
legal. Mail the 6 envelopes to the following addresses:
#1)James Smith
547 Knowlton Rd #25
Knowlton, Quebec JOE 1V0
#2)Marilyn Wilson
211 Maple St
Sutton, Quebec J0E 2K0
#3)Barbara Fuller
1072 Knowlton Rd Trailer # 47
West Brome, Quebec J0B 2P
#4)Kelly Leblanc
266 Lawrence # 130
Greenfield Park, Quebec J4V-2Z4
#5)Bonnie Thompson
3-803 McNeill Rd N.E.
Calgary, Alberta T2E 5W5
#6)Lisa LeBlanc
58 Doubloon Dr.
Carriere, MS 39426

STEP 2: Now take the #1 name off the list that you see above, move
the other names up (6 becomes 5, 5 becomes 4, etc...) and add YOUR
Name as number 6 on the list.
STEP 3: Change anything you need to, but try to keep this article as
close to original as possible. Now, post your amended article to at
least 200 newsgroups. (I think there are close to 24,000 groups) All
you need is 200, but remember, the more you sell, the more money you
make! You won't get very much unless you post like crazy.
Dont forget to get your friends and family involved too.
Charge $1 for a copy of this letter and tell them to mail $1 to the
rest of the people on the list.
This is perfectly legal! If you have any doubts, refer to Title 18
Sec. 1302 & 1341 of the Postal lottery laws.
Keep a copy of these steps for yourself and, whenever you need money,
you can use it again, and again.
PLEASE REMEMBER that this program remains successful because of the
honesty and integrity of the participants and by their carefully
adhering to the directions. Look at it this way. If you are of
integrity, the program will continue and the money that so many
others have received will come your way.
NOTE: You may want to retain every name and address sent to you,
either on a computer or hard copy and keep the notes people send you.
This VERIFIES that you are truly providing a service. (Also, it might
be a good idea to wrap the $1 bill in dark paper to reduce the risk
of mail theft.)
So, as each post is downloaded and the directions carefully followed,
six members will be reimbursed for their participation as a List
Developer with one dollar each. Your name will move up the list
geometrically so that when your name reaches the #1 position you will
be receiving thousands of dollars in CASH!!! What an opportunity for
only $6.00 ($1.00 for each of the first six people listed above) Send
it now, add your own name to the list and you're in business!
Step 1) You do not need to re-type this entire letter to do your own
posting. Simply put your cursor at the beginning of this letter and
drag your cursor to the bottom of this document, and select 'copy'
from the edit menu. This will copy the entire letter into the
computer's memory.
Step 2) Open a blank 'notepad' file and place your cursor at the top
of the blank page. From the 'edit' menu select 'paste'. This will
paste a copy of the letter into notepad so that you can add your name
to the list. Step 3) Save your new notepad file as a .txt file. If
you want to do your postings in different settings, you'll always
have this file to go back to.
Step 4) Use Netscape or Internet explorer and try searching for
various newsgroups (on-line forums, message boards, chat sites,
Step 5) Visit these message boards and post this article as a new
message by highlighting the text of this letter and selecting paste
from the edit menu. Fill in the Subject, this will be the header that
everyone sees as they scroll through the list of postings in a
particular group, click the post message button. You're done with
your first one! Congratulations...THAT'S IT! All you have to do is
jump to different newsgroups and post away, after you get the hang of
it, it will take about 30 seconds for each newsgroup! **REMEMBER, THE
HAVE TO POST A MINIMUM OF 200** That's it! You will begin receiving
money from around the world within days! You may eventually want to
rent a P.O.Box due to the large amount of mail you will receive. If
you wish to stay anonymous, you can invent a name to use, as long as
the postman will deliver it. **JUST MAKE SURE ALL THE ADDRESSES ARE
Now the WHY part:
Out of 200 postings, say I receive only 5 replies (a very low
example). So then I made $5.00 with my name at #6 on the letter. Now,
each of the 5 persons who just sent me $1.00 make the MINIMUM 200
postings, each with my name at #5 and only 5 persons respond to each
of the original 5, that is another $25.00 for me, now those 25 each
make 200 MINIMUM posts with my name at #4 and only 5 replies each, I
will bring in an additional $125.00! Now, those 125 persons turn
around and post the MINIMUM 200 with my name at #3 and only receive 5
replies each, I will make an additional $625.00! OK, now here is the
fun part, each of those 625 persons post a MINIMUM 200 letters with
my name at #2 and they each only receive 5 replies, that just made me
$3,125.00!!! Those 3,125 persons will all deliver this message to 200
newsgroups with my name at #1 and if still 5 persons per 200
newsgroups react I will receive $15,625,00! With an original
investment of only $6.00! AMAZING! When your name is no longer on the
list, you just take the latest posting in the newsgroups, and send
out another $6.00 to names on the list, putting your name at number 6
again. And start posting again. The thing to remember is: do you
realize that thousands of people all over the world are joining the
internet and reading these articles everyday?, JUST LIKE YOU are
now!! So, can you afford $6.00 and see if it really works?? I think
so... People have said, "what if the plan is played out and no
one sends you the money? So what! What are the chances of that
happening when there are tons of new honest users and new honest
people who are joining the internet and newsgroups everyday and are
willing to give it a try? Estimates are at 20,000 to 50,000 new
users, every day, with thousands of those joining the actual
internet. Remember, play FAIRLY and HONESTLY and this will really

Posted: Friday, August 12, 2011

Posted: 1/7/2007 10:15:39 PM

By: Dean Smith

The suit filed by Saxena was dismissed as being without merit

Posted: Friday, August 12, 2011

Posted: 9/22/2006 1:27:21 PM

By: Team Nice one


Posted: Friday, August 12, 2011

Posted: 7/2/2006 11:09:50 PM

By: john denver

All Saxena does is sue when he is wrong so suing is his business now that he is in jail

Posted: Friday, August 12, 2011

Posted: 10/8/2009 4:04:34 AM

By: volker schmitz

auch wir haben mittlerweile seit mehreren jahren mit herrn schnider zu tu. auch uns und und unserem umfelf versprach er das blaue vom himmel. redete von millionen, lies und arbeiten und beibringen. stellte sich ständig als der größte dar. jedoch, wie wir heute wissen, ist er ein scharlatan und ein schwätzer, dr sich auf kosten anderer wichtig macht. wir können nur geschlossen sagen, er ist hochgradig gefährlich und unseriös. nicht nur wir, verfolgen ihn strafrechtlich. für weitere informationen stehen wir und unsere partner gerne zur verfügung.

blue team.

Posted: Friday, August 12, 2011

Posted: 5/29/2008 2:55:08 AM

By: Mobashir Ahmad

You have listed my name as a person indicted, however, you have failed to mention that the charges against me were dropped. I do not agree with your article, as the chemicals you mentioned ended up being used in several laboratories in the U.S. and were not disposed off. If you have any questions as to my authenticity, I am an Environmental Manager in the State of Nevada, and have worked in the recycling of hazardous waste in the U.S. to the present day. I have also developed several processes to recycle hazardous waste that had been landfilled, here in the U.S. and not in any third world country. Some times it is easy to politicize events and take advantage of a person's misfortune in our skewed justice system; especially in the wake of prejudice against Muslims, especially here in the present U.S. judiciary. I am also a veteran of the US Army and was an officer in the U.S. Corps of Engineers. Maybe your time will be better spent by examining the cause of thousands of people who are incarcerated in our jails just because they were poor or belonged to a minority. By putting my name in your article and not explaining that the charges were dropped; you have judged me guilty, unfairly, in front of millions of people. Are you being fair?

Posted: Friday, August 12, 2011

Posted: 6/3/2007 11:14:41 AM

By: Silvana Buser

Haben Sie über diesen Fortunat Schnider mittlerweilen etwas ausfindig machen können? Ich stehe seit einem Monat mit ihm in Verbindung und habe das Gefühl, dass nicht alles mit rechten Dingen zugeht...


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