Description

To Whom It May Concern, This is Calvin. I am writing to report a suspected financial crime involving an online prop trading firm named ForexPropFirm.com. I believe this company is operating a Ponzi scheme under the guise of a prop trading business. They are misleading users, taking deposits, and failing to honor withdrawals or payouts. The firm appears to be paying early users with funds from new ones, with no legitimate trading activity behind the scenes. My Experience: - I joined their funded trading challenge to access capital. - I successfully met their requirements, but when I requested a payout after meeting their requirements, I received either no response, delayed tactics, or an arbitrary disqualification. - There is no transparency about where funds go, and numerous users online have reported identical behavior, suggesting a broader pattern of fraud. Red Flags Noticed: - Promised payouts are not delivered even after evaluations are passed. - Support either ghost clients or provide generic excuses. - Users cannot make replies or comments inside their community on Discord, Telegram, etc. - Large volumes of online complaints show a trend of fake reviews, suspicious sudden bans, and account resets to avoid paying users. - This is consistent with Ponzi scheme behavior, where early users are paid using newer users’ money. User Review: https://youtu.be/9GFIxy2coXA?si=Hva41ir4DM6geVJ8? Trust Pilot: TrustPilot: https://www.trustpilot.com/review/forexpropfirm.com ForexPropFirm.com operates as a Ponzi Scheme and violates consumer protection laws. Many individuals may have already been defrauded, and others are at risk unless urgent action is taken. Thank you for your time and attention. Sincerely, Calvin Fu [email protected]