Glenridge Capital
-
Honesty
(1)
-
Quality
(1)
-
Cost
(1)
-
Support
(1)
-
Verified Trades
(1)
-
User Experience
(1)
Summary
Yet another scam orchestrated by Oren Shabat Laurent of Banc de Binary. This guy is amazing. He is ordered to pay $9,000,000 in restitution on March 9, 2016 relating to Banc de Binary. He then quickly cranks out another multi-million dollar scam named Binary Book. And now has yet another multi-million dollar scam named Glenridge Capital. A real turd of a human being.
User Review
( votes)Thanks for reading today’s review of Glenridge Capital
What is Glenridge Capital? Glenridge Capital is the latest scam developed by Oren Shabat Laurent, a United States and Israeli citizen. Currently living in Tel Aviv, Israel.
Oren Shabat Laurent is the founder and owner of Banc de Binary. On March 9th, 2016 the CFTC, or Commodities and Futures Trading Commission ordered that Oren Shabat Laurent pay a staggering $9,000,000 is restitution. The allegations were simple, Banc de Binary was operating an unlicensed and unregistered commodities and futures brokerage, and actively marketing to United States based costumers through “boiler rooms” located in Israel.
It appears, that in order to avoid Federal criminal charges, Oren Shabat Laurent agreed to make a restitution payment to over 6,600 United States based customers.
One would think that the 34 year old, dual US/Israeli citizen would of learned his lesson. However, like most criminals, if they are not threatened with actual prison time, they will simply keep doing what they enjoy doing. Oren Shabat Laurent has learned nothing, and it appears that he is up to the same old tricks.
The next scam…
On April 13, 2016 I published a review of a company named BinaryBook.com. If you are interested in the knitty gritty of how a binary options scam actually works, and would like to discover the granular details of how to pull off this scam, then the Binary Book review will give you a complete blue print.
How large is the Binary Book scam? My estimate is that Binary Book is currently ripping off US customers at about $1,000,000 per week. I know that many reading this are probably dumbfounded and find this hard to believe. However, my research included interviews with the affiliate managers of Binary Book, and these numbers corroborate with reported sales figures for several popular online affiliate networks. One such affiliate marketing network that aggressively markets Binary Book is currently reporting an average of $300,000 per month, paid in affiliate commissions.
The Binary Book website publishes affiliate commission payouts of $450 CPA (Cost Per Acquisition) or 30% revenue share. In other words, a marketer or sales agent can earn 30% of every dollar that is deposited with Binary Book, or a payout of $450 per client. Assuming that the affiliate marketing network is correct in reporting affiliate payouts of $300,000 per month, then we can reasonably assume that Binary Book is taking in about $1,000,000 per week. Considering that BinaryBook.com has only been active for 18 months, this is a staggering amount of money.
Obviously, the CFTC regulators are going to catch up. The problem is that the CFTC is painfully slow at taking action. Oren Shabat Laurent knows that the CFTC is painfully slow at taking action, but action will come eventually. When the CFTC finally arrives, he has already created a brand new company, marketing the same old bullshit to United States based customers.
And the next scam…
It appears that the latest binary options brokerage created by Oren Shabat Laurent is Glenridge Capital. A review of the Glenridge Capital website reveals an address located in Ireland at 3rd Floor, Ulysses House Foley St., Dublin 1.
After researching the address, I discovered that the property manager for the building is a company named JLL Management. The property manager was able to confirm that no such business is located inside of the building.
So exactly how is Glenridge Capital scamming people? The following is a table that contains a list of websites that push the scam. The target watches an expertly produced video promotion and is enticed to give their personal information, phone number, and open an account with Glenridge Capital. Have a look at a few of these video’s, I found them entertaining.
[table id=39 /]
How do I know that Oren Laurent Shabat (Banc de Binary) are connected to Greymountain Management, Binary Book and Glenridge Capital? Included in many of the above listed promotional websites are cleverly concealed snippets of computer code that are tucked deep inside of the programming language that runs these websites. Have a look… (very sloppy Mr. Shabat!)
Obviously, some of these videos are quite outrageous. And many readers must be thinking to themselves, “Anyone stupid enough to fall for this scam deserves to lose their money”. However, I would like to counter this opinion, and add a bit of my own unique life experience. As many readers of Trading Schools already know, I am a convicted felon of securities fraud and served a 33 month sentence in Federal prison. I understand the mind of the con artist, and I uniquely understand the mind of the victim. And let me tell you the plain truth, the majority of the people that are being scammed are the elderly and the financially desperate.
Diving deeper inside the scam
Back in March, after I had written the original review of BinaryBook.com, I became much more curious at how this scam was being orchestrated. How in the hell are they able to convince so many people, to give them so much money, for what looks like such an obvious scam? And so I took the next step and decided to “get a job” working for BinaryBook.com and GlenridgeCapital.com.
If a person calls Binary Book or Glenridge Capital, you will get a live person on the phone, claiming to be located in Eastern Europe. In total, I made approximately 20 phone calls to the company, always calling at different times and making sure that I got a different voice on the phone. Each time I called, I got a tiny bit of useful information, eventually these tiny bits added up and I discovered the truth. The company is actually located in Tel Aviv.
Boiler Rooms
Binary Book and Glenridge Capital customers are aggressively marketed through a cluster of boiler rooms. The name of one of the boiler rooms is Prime Sales. You can find a Facebook page on the organization here.
Apparently, the company is quite flamboyant regarding their fraudulent activities. They seem to relish and enjoy what they are doing. The following is a Facebook Help Wanted advertisement: titled, “Predators Work At Night.”
Or the following that displays a man, with the outline of a wolf.
Ever wonder what the inside of a boiler room looks like? Or what the people look like? Have a peek…
[foogallery id=”2979″]
Curious who is working inside of this boiler room?
The following are the names of the salespeople and support staff: Roxane Charisma, Ira Iren Pistol, Rita Brikman, Tal Ben-Dror, Tomer Peretz, Stav Taube, Itay Elisyan, Liraz Zohar, Inbar Maizles, Shiran Herzberg, Harris Shamai, Eli Volkov, Lian Lara, Luciana Altoni, Yaniv Ariel, Alex Terentev, Inbar Maizles, Oz Abraham, Mor Yoholom, Liav Rosenthal, Solomon Tesla, Azhar Khateeb. Please don’t ask how I got the names, hacking a database is not exactly legal.
Need a job? Can you stomach ripping people off?
Tel Aviv is the very heart of the Binary Options world. There are dozens of these boiler rooms operating in broad daylight. Have a look at a few of the job ads list on CraigsList Tel Aviv:
Binary Options and Casino Games
Must have “Mother-tongue” English
A simple Google search (Binary Options Jobs Tel Aviv) reveals hundreds of these binary options jobs. How easy is it to secure a job in one of these boiler rooms? Easy. I set up a voip telephone number with a Tel Aviv prefix and also created a fake resume to email to prospective employers. Within several days, I had job offers from 9 different companies. They seemed to love my resume, especially the part about my extensive experiences selling bogus investments to US residents. When applying for a job as a thief, act like a good thief!
Job Details
What exactly does a person do inside of these boiler rooms? The job is simple.
The target watches a promotional video and is enticed into opening a small binary options account. If the person opens an account or fills out a web form, they will begin receiving a swarm of telephone calls and emails from an “investment adviser.” This adviser will then begin the process of up selling and enticing the target into making a larger deposit. The goal is to max out the credit cards or debit cards of the target. The enticement includes a one time deposit bonus, or a company guarantee that the person cannot lose more than a certain percentage of the original deposit. The deposit bonuses and company guarantee’s are a sham.
The job of the boiler room sales agent is to sell. And to say whatever is necessary to suck the target dry of all credit and cash accounts. They will tell stories of people getting rich and that the “professional trading robots” are guaranteed to make a profit and that they have personally witnessed many individuals making upwards of $10,000 per day. Its all a sham. The goal is to plug the target trading account into an auto trading program that is statistically guaranteed to drain the account to zero.
On a personal level, writing about how these companies operate is quite painful. The truth is that nearly 20 years ago, I used to run boiler rooms that engaged in this exact same behavior. So to talk about this, brings up some painful old memories of my old self. Not easy.
Wrapping Things Up
Truthfully, I did not want to write this article. However, at least a few times a month, someone will send me an email. And they will ask me what I think about one of these companies. Most Trading Schools readers are too sophisticated to fall for these sorts of scams. Most have no interest in reading about this type of material. But its still a worthy topic, and it shines a light on how vast and widespread this problem actually is.
Thanks for reading.
Emmett
healthytrader@workmail.com Does anyone knows this man ?
Emmett I saw why you said Oren Shabat is behind Glenridge yet the authorities say it is actually David and Joshua Cartu, Is there something to link all of them to Glenridge Capital??
Hello. Scammers take advantage of people who seem low risk and fragile. It sucks when all you wanted to do was to invest your money into something that secures a better future for yourself and your family only to get ripped off. I can recommend a solution to anyone whose in this situation and interested.
I got caught up in a situation like this but I was able to recover all my money back with the help of wealthwatch
StoxMarket are manipulates the metadata, lying and doing anything to trick people. enough testimonies here: http://brokerscamalert.com/stoxmarket-broker-review/#comment-4463
http://www.forexpeacearmy.com/forex-reviews/13471/stoxmarket-forex-brokers
Hello everyone! This company is BIG SCAM. They scammed me for 64350 EURO. First time I paied 350 EUR to open “fully managed account”. In week time they called me and told that they want to work with higher amount. My manager was David Owen. He asked me to invest 20K and in two days he will make the profit of 35%. I invested this money. And as he told everything was. But after this trae he asked me to invest 10K more. I didn’t agree because we spoke with him that after the trade I need to make the withdrawal. They didnt approve my withdrawal. And in week more David called me and asked to send them 7K. And if I will not do this I will loose all my money. I sent them this 7K. After that they made on ballance 95K. I asked about the withdrawal of 27K. David told me that if I want to get the withdrawal I need to pay the comission of trader which was 10% 9,5K. I paied and waited for the withdrawal. He didn’t answer my e-mails. In month I had call from Jannet from Finance department. She asked me to pay some money for insurance firstly. Then for some taxes and banking services. As a result they just scammed me for all time. But when I understood that it was scam I starded to work how to get money back. I tried a lot of ways contact with a lot of people. Then I found the way how to get my money back. All process took 3 month but I got all my investments back. j.tinder74(at)gmail(dot)com I will try to exlplain everyone what to do. I will try to geve an advice. Right now I know that everything is possible. But I think that we need to cooperate and find this scammers. As people explained me that its impossible to find them and punish if you do by yourself. Everything you can do is recovery of your funds. But if we will cooperate we can do more!
Hello everyone! This company is BIG SCAM. They scammed me for 64350 EURO. First time I paied 350 EUR to open “fully managed account”. In week time they called me and told that they want to work with higher amount. My manager was David Owen. He asked me to invest 20K and in two days he will make the profit of 35%. I invested this money. And as he told everything was. But after this trae he asked me to invest 10K more. I didn’t agree because we spoke with him that after the trade I need to make the withdrawal. They didnt approve my withdrawal. And in week more David called me and asked to send them 7K. And if I will not do this I will loose all my money. I sent them this 7K. After that they made on ballance 95K. I asked about the withdrawal of 27K. David told me that if I want to get the withdrawal I need to pay the comission of trader which was 10% 9,5K. I paied and waited for the withdrawal. He didn’t answer my e-mails. In month I had call from Jannet from Finance department. She asked me to pay some money for insurance firstly. Then for some taxes and banking services. As a result they just scammed me for all time. But when I understood that it was scam I starded to work how to get money back. I tried a lot of ways contact with a lot of people. Then I found the way how to get my money back. All process took 3 month but I got all my investments back. j.tinder7(at)gmail(dot)com I will try to exlplain everyone what to do. I will try to geve an advice. Right now I know that everything is possible. But I think that we need to cooperate and find this scammers. As people explained me that its impossible to find them and punish if you do by yourself. Everything you can do is recovery of your funds. But if we will cooperate we can do more!
Glenridge Capital is a big scam. Lucky I was able to get a web scam solution service that helped recover my funds in quick time
I also too was a victim to Glenridge capital. After investing a total of $200k to reap the profits of binary option trading. I lost all that money with profits, not being able to withdraw from my Glenridge capital account. I have been able to have my initial investment recovered thanks to healthytrader@workmail.com who had my recovery done in a few days time. I can’t thank him enough for his services. And I advise anyone stuck in the situation with Glenridge capital, to reach out to him for help
Hi, I wonder what healthytrader@workmail.com helped you because he scammed me twice just for 200 usd !!!!
I hired him to recovery my stolen funds but he scammed me , i’ts terrbile, he stole my last money, I don’t have to live for some now.
How can anyone get there money back
See http://www.CombatScam.com a website of two Israeli lawyers who succeeded.
How on earth can someone get their money back? Is there any legal action that can be taken?
I have found attorneys that will go after them and have had success, it will depend on how much you lost contact me at privacy4me33@yahoo.com
Job Interview Questions:
Are you prepared to leave your heart, empathy and morality at the door? YES
Are you comfortable with convincing people that they will get instantly rich from trading when in fact 100% of them will lose all their money within a month? YES
When the clients lose all their money and are depressed, disillusioned and broken, are you prepared to convince them that they should deposit again? YES
Do you have sociopathic tendencies? YES
Would you promote this service to your own mother? YES
WELCOME ONBOARD!! LET THE FUCKING OVER PEOPLE COMMENCE!
The israeli version of Stratton!? The “money” balloons and bills with staff member faces on it are just as outrageous. I guess some of them will be attending Infinite Prosperity Ball 2016 too. It’s sad to see so many people are hustled. Every other neighbor in one’s neighborhood or apartment complex are probably getting caught up in some of these scam schemes behind closed doors and personal privacy. Still good to expose it and thanks for the info. Yeah, the website duplicator was too hasty and probably quickly cut and paste those htm comments. good job spotting it.
If trading was so easy dont you think these young, educated looking people would be trading instead of talking on a phone all day in a small cubicle?
Trading Real money is very very difficult and getting harder. thats why there are so many scammers in this industry. They are all failed traders themselves.
The old adage “Those who can, do; those that can’t, teach” is worth remembering when considering purchasing trading services.