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Sigh, Club-FX Trader is dead. I haven’t had the chance to talk to PeterB,
Very very bad news
Hi all,I have some very very bad news…
because of what is happening with e-gold i decided to take the advice of some of the members and move the trading from an e-gold based platform to a dollar one and start to accept deposits by bank wire (in spite of the delays etc).
Well I moved the funds to e-gold and was in the process of transferring them to another trading platform when we got severely hacked. I have personaly lost about one and a half times the members funds all put together. I feel sick, I don’t know how they accessed the e-gold account, It should have at least sent me a pin number but it never did.
I am stunned… I don’t know what to say to you, or what to do. I can’t believe that someone can be so evil and do something like that.
I never told anyone yet that I was moving platforms and transfering the funds (for obvious security reasons). I cant believe it… why cant they leave us alone to do something good. Why take it all, They emptied the whole account, my God, is this world so evil.
I am terribly sorry for all the pain this is going to cause the members. No one lost any money with my trading, i even paid members who’s account was hacked the first time, so why must they steal it.
I don’t understand it, we are doing a good thing, why steal it from us. My heart is heavy and I don’t know what to say.
I will e-mail copies of the transactions from e-gold so that every one can see I’m telling the truth, I am deeply deeply sorry, for all of us.
I am still here if anyone would like to talk to me, i am not going anywhere, you can e-mail me or talk to me at goldentalk. I’ll leave the site up so that you can contact me from there if you wish.
I will send screenshots of the e-gold account to anyone who wants to see them, for you to see the transactions. I have written to e-gold and told them, but i’m not very hopefull because of their one way policy.
I am very very sorry, for you and my own loss which right now is too much for me to comprehend. This is the last straw. I am going to sit on the beach now and try to make some sence of this. I’m sorry.
Regards
PeterB
Popularity: 2% [?]
Whaaaaat…i were gonna invest here within the next couple of days. Phew!
Sorry for the people who lost here. Very unprofessional of PeterB…
/Machenka
If he can enter his e-gold account, what was the problem and how was he hacked? email hacked?
That’s what I’m trying to ask. We’ll have details coming up if he’s willing to tell.
Well, I was thinking in this situation and I suppose that he could enter his e-gold account because he enter with the same browser-operative system like before. So, the PIN is not necessary.
And as I understand, someone could steal his password (using windows? trojan in his computer? bad security in his computer?) and so this hacker could send the funds to another e-gold account.
If he says that he can show proofs of this, then I think that he can be telling the truth. But it´s necessary to see these proofs.
I know some people that use only 1 pc to enter e-gold, nothing more with this pc. I think that the Admin of one program must be always worried about his security.
Well, a Live-CD is unhackable.(See above Blog Topic). If anyone manage to hack a Live-CD its e-gold itself “stealing” your money or you just had a lame password or extreme tough luck someone widely guessed yours.
Its practical impossible to hack it. Especially because of the non-write access. A hacker can not write an unknown hidden trojan on a Live-CD because its not even technically impossible to write on a CD-rom that has been permanently closed for writing. Its the same like trying to enter a house that has removed its doors.
The reason Peter may be able to check his e-gold accounts is because he may have called e-gold and managed to unlock his account. Or the hacker didnt changed the password. Most hackers lock you out tough just to annoy you.
I am terribly sorry for those that lost their money. Was anyone in profit yet?
correction : “its not even technical impossible –> must be “its not even technical possible”…
I don’t believe him. I don’t believe that his forex broker held his funds in e-gold. I don’t believe that he would transfer the entire fund in the middle of this huge investigation. I don’t believe that right when the whole fund happened to be in his e-gold account, that’s right when it got hacked. I don’t believe that he wasn’t using AccSent security. I don’t believe he wouldn’t have had an active virus scanners. I can’t f***ing believe he would lose all the money. IMO, right now, I think he’s another low-life scammer who just stole thousands of dollars. At best, he’s a negligent manager who was just responsible for an egregious error. If he can’t get the money back, someone needs to sue him for negligence.
wow..and you guys believe the ‘hacked’ story? come on… you all are old timers in hyip… Being hacked is just one bloody good reason to tell investors that ‘we scammed away your money…’.. sigh
I never said I believed Peter Bucher, Soho. I am 100% sure he is a real trader but no, personally I dont believe the hack story. The advise about the Live-CD is just as a reaction on his bad news to avoid such scenario’s in the future.
This is sounds like a bad April’s joke.
I don’t believe too. I want to see the proofs.
I’m sorry, but I must be going cynical. I do find all this hard to swallow. How can someone who supposedly can do over twice as good as some of the best traders be so irresponsible with our money?
The timing is just too suspicious. He just announced he couldn’t keep up with his current returns and needs to make some changes. (What is rule #1 when watching for a HYIP to fold - changing of the terms). And putting that kind of money in egold while it’s under Federal investigation?
Totally ridiculous.
If he really is as good as he says, he should find a way to put a substantial amount in the pot and continue to trade until he recovers all our money. At his stated rare if return, he was doubling our money every 3.6 months. If he reinvested even his share too, it should be even quicker.
If egold is so easy to hack, I propose a boycott until added security measures are put in place, and I also call for further investigation as to why, with the giant amount of monies involved, can egold have such poor security. I think egold should be held accountable and responsible.
It’s like giving bank robbers the keys to the vault.
One other question - since egold has such a history of being hacked, why would any legit fund even use it. Convenience? Yes! It is a convenient way to lose your money.
I have lost more money, by far, to the moneychangers (egold and stormpay, than any HYIP.
Is there any secure but affordable way to have Internet transactions? If so, please speak up.
Yes, there is. Switch to Pecunix and be safe.
LOL.. a professional trader got ‘hacked’, give me a break… anybody reading this blog is seasoned enough in HYIP to know that the ‘hacked’ thing is a really lame excuse!
To be honest with you, I respect the ‘truthful’ scammers a lot more, the ones that tell people to their faces that they scammed them. These guys that make up excuses have no ba***
you can even lock down e-gold to a single IP
>> I will e-mail copies of the transactions from e-gold so that every one can
>> see I’m telling the truth, I am deeply deeply sorry, for all of us.
Can be easily faked. I made some times ago a screenshot of my eGold account with several millions in it. Well, it was faked, even the secure httpS was seen on the browser. Everyone with a server can do that.
BTW: Even if someone get the chance to log in to the account to see the transactions, Peter could be the one who transfered the funds to another account. So ‘proof’ can’t be made.
Wish I had the money to go sit on the BEACH!!!!!!!
Yeah, with hundreds of thousands $ you can sit on the beach and enjoy life!!
Mike Franklin :
One other question - since egold has such a history of being hacked, why would any legit fund even use it. Convenience? Yes! It is a convenient way to lose your money.
Some would, because e-gold is the most widely accepted paysystem online and its anonymously. BUT, didnt you notice the only online programs surviving for a very long time have e-gold fees that make you sweat?
Funding withdrawals fees of 7% or higher are not an exception for a real program. Why? Because a real program unloads their e-gold account, transfer it to a bank, then trade through a bankbroker and then refund their e-gold accounts to pay you out.
Well I’ll be darned - I was going to start a thread at the forum to set off a bout of speculation about which and how many programs would use the troubles at e-gold to stage an expeditious departure. I’m not saying Peter is a scammer. I wasnt involved in the program and have nothing approaching an informed opinion about it or him, so I’ll withhold comment on that. But, an instance of “the funds in our account were frozen/seized/confiscated” or some variant thereof (including the present one) was destined to bubble to the surface, and here it is. Any scammer with half a brain and for which the timing was right would jump at such a chance. Whether this is a truthful Goodbye Letter or not, the closure of this program was brought about, one way or another, by whatever it is that is going on with e-gold.
Talk about dark irony: e-gold’s antagonists (namely, the US government) mean the indictment they’ve brought against e-gold - on the face of it, at least - to combat criminal activity; but, they’re actually precipitating it.
I know from personal experience that people are stealing funds through egold. I had about $500 stolen last year. Now I keep a minimal amount in my account.
What I don’t understand is why egold has not emplimented better security. If typing in the codes opens you up to keyloggers and the like, why is that even an option in egold?
If email verifications are so easy to intercept, why is that being used?
With the money egold processes, surely there are many ways to make it more secure. I can think of several right off the bat.
I hold them responsible. I protect my cash drawer better than they protect millions.
I personally am going to move everything I can to a better processor. I am tired of having my money stolen either by egold and its negligence or by admins who are able to hide their actions by claiming “egold did it”.
I’m not saying PeterB did this, but if not, he acted in shear madness.
Now that I look at it again, that letter is a bit melodramatic and a little too contrived to come off as a plausible response to the events or emotions it discusses. I do have to give credit where credit is due, though: Peter *almost* succeeded in beginning every paragraph with “I”. I’m reserving judgement still, but it does all seem incredible. As usual, we’ll probably never know.
Thats my main concern. The feds are supposedly trying to stop scams. Well to tell the truth they indirectly and unknowingly support scammers instead. Those running a honest business with real fysical addresses are closed because they are not in compliance by the law. True scammers hide and wont be found, and get away with it. Ridicule. The fed is your friend? Hell no, we now not only loose our money to scammers, we now also loose money because the feds close the program that aint scam. Talking about irony!
Please think logical: When eGold is closed, scammers can’t used it anymore. The Feds are not responsible when scammers run; they would do that anyway when the time comes and the program collapse.
Yes, logical thinking. If “the Feds” take notice of and bring an indictment against e-gold, G&SR and/or their owners/operators, the psychological impact on the HYIP/surf arena, as we have seen before and can see now, is immense. “The Feds” do this, ostensibly, with a view toward disrupting and eventually ending any illicit monetary transactions that utilize e-gold, and perhaps to bring the owners of e-gold to account for their passive complicity in those transactions. The all-too-evident paranoia these developments generate among e-gold’s market (end users, programs, merchants, exchangers) can be recognized and consequently exploited by would-be scammers as a pretext for closing their program. Specifically, a scammer could make up virtually any story loosely related to current events that is minimally credible. E-gold’s troubles make for an imperfect, but sufficient foil. So, “the Feds” inadvertently create favorable conditions for scammers to close their program(s). This can conceivably occur as long as e-gold continues to go through its present ordeal *and* remains up-and-running. Yes, the program would do it anyway - but the point is, all of this enables them to do it now, rather than later, for reasons that - if the scammer is especially clever - may seem justified. After all, what can be done? It is highly unlikely that any would do the only thing that could conclusively refute the scammer: get ahold of the special agents or whomever it is that is involved to verify whether X program IS somehow affected.
An example might be “Our primary e-gold account was one of the 50-some accounts frozen. We honestly have no idea why we have been targeted and have been in contact with our legal counsel to do whatever it takes to bring about prompt release of our funds. We will be suspending withdrawals and payouts until this issue is resolved. Also, we should stress that our reserves (which we would like to keep intact for trading drawdowns) and the remaining funds in trade are intact. This program will continue to do what it has always done, and that is provide returns. Along those lines, we have opened up a new e-gold account where spends may be made: xxxxxxx We look forward to serving you has we have over the past several months. Sincerely, the Mgmt. of Scammers Ltd.” Or whatever…. I will be surprised if further program “failures” do not occur in the coming days….
Andrewunknown
From Peters Original email.
Finally, do you have anything else you would like to add?
Yes, people I know it’s hard to trust a stranger. But please use real information if you join, lets keep this an honest environment, and that works 2 ways. I want this to be one place where every one feels safe and can sleep at night.
I also take precautions against hackers by removing deposits regularly to another egold account so that even if the site is hacked, your money is safe.
WTF! This was a scam. Do not forget his name people.
Super Bad Luck !!!!!
I just invested last Friday April/27/2007 with CLUB-FXTRADER. Super bad luck site and super bad luck for me.
NO MORE……….. SSSSSSSSAAAAAAAAADDDDDDDDDD……….
This is really a shame and a sad day. I just can’t believe it…. I just invested a large sum of money recently and now this happens after the current e-gold problem!! It really was suspicious after the way the earlier e-mail came about the reduction of the interest rate and so on.
I just can’t understand how he got hacked. I don’t believe his story either unless he can show me the proof and the exact circumstance how this came about.
This is the final straw for me. I won’t be investing in any HYIPs in the future…This is a hard lesson for me.
What a big bullshit!!
Like every scam, this guy had to find a bullshit to say to end its “program”. His words are not believable. He would not speak like this if he had lost his money. I instead read words of somebody that is so happy to have finally made so much money from stupid people, sorry that’s the word, believing in him.
Finally, the funniest sentence: “why cant they leave us alone to do something good” hahahaha what does he want us to believe in???
Peter’s recovery plan:
http://goldentalk.com/showpost.html?p=118291&postcount=2074
For some reason this whole situation reminds me of NSFG and FXE. Huge losses due to negligence and/or incompetence and then a “plan” to recover members funds that will take months if not years to fully realize.
So, now what do we do? We wait. What else *can* we do other than bitch and whine and hurl invective? Support the admin? You betcha. Peter, you have my full support in your efforts to recover the money I *entrusted* to you, AGAIN!
“Is there any steps taken to secure members fund?
I will be starting a reserve fund which will come out of the profits.
Do you scan daily before logging into your Payment Processor’s site to protect members funds from being hijacked by Trojans?
Of course I do, I have spyware doctor set to automatically check daily and also use AVG and windows firewalls.
Finally, do you have anything else you would like to add?
I also take precautions against hackers by removing deposits regularly to another egold account so that even if the site is hacked, your money is safe.”
http://hyipblog.nobshyip.net/2006/09/03/interview-with-peter-buchner-club-fx/
Hopefully that my capital will be return back shortly