Global One Group - Rick Young - Bill Willard
Walt Scotson Global One Group PONZI SCHEME that sells hype to get your money

Global One Group runs a Managed account in the Forex (Foreign Currency Market). They advertise as being super traders that have not lost a trade in over 2 years. After hyping you up on their unblemished trading record they then solicit for customers to lend them money and be repaid as a profit sharing of the company. After Global One receives your money they then look for reasons not to repay your loan. Common excuses include that you are not a member in good standing, not supporting Global One's efforts, you ask to many questions, the list goes on.

In reality they have lost in excess of 7 million dollars in the last year and have had no real profits since the National Futures Association shut them down in March. Even though the company has not had any income from their trading activities since March, they have taken money lent to them and used it to make payments to earlier lenders giving the impression that Global One Group is making profits so additional lenders continue to lend Global One Group new monies to keep the Ponzi Scheme running.

Global One Group has further problems with the Securities Exchange Commission due to the fact that Global One has outstanding loans in excess of $15 million dollars. This large amount of debt is required to be registered with the SEC. Failure to do so constitutes criminal behavior.

Included is a link to 2 of the companies almost daily conference calls

And a link to Member Responsibility Action

And a disciplinary action taken by the regulators

Company: Global One Group - Rick Young - Bill Willard
Country: USA
State: Nevada
City: Reno
Address: 5190 Neil Rd Suite 430
Phone: 7024255226

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