Complaint / Review
Trading ITG
Mytradingitg, Intercontinental Trading Group, Fran Monroe, Gary Mathews, Francis Monroe recommend commodity option contracts that will expire worthless, option contracts were never purchased

This is an elaborate scam that looks almost legitimate except for the series of unfortunate incidents that lose all of your money invested. Gary Mathews uses telemarketing to contact potential investors. The pitch is to invest in lucrative commodities option contracts and the gains will be tax free because they are in Panama. You are asked to fill out broker agreements that look familiar and wire money to their HSBC account in Panama. They create a bogus account for you on their website www.mytradingitg.com so it looks like you are buying option contracts, that are never actually purchased for you. The recommendations to buy these unrealizable option contracts are supposed to be sold at the highest price but unfortunately you are advised to wait until the options become worthless or expire. The account adviser, Fran Monroe, leads you to believe that you can regain your loss if you invest more money and extend the option contracts, (AKA milking you for more money).