When investor David Downey decided in May 2008 that he wanted to do other things with the $110,000 he invested, he says he received several e-mails from his SP Trader contact, Ben Weiss. Each time, he claims that Weiss gave him a date by which he could expect his money, but he tells HFN that he still has not received his money.
Another investor, Victor Liu, a retired chemist, says he gave SP Trader about $125,000 in 2006 and 2007. Like Downey, he asserts that he traded e-mails with Weiss for several months after he sent in his redemption notice.
In his last exchange with Weiss, Liu says he wrote, “I hope it’s not that you are a mini-Madoff.”
Full story at HedgeFund.net
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