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Oliver Velez ifundtraders com Review. SCAM? [2022] - YouTube
Channel: BestStockStrategy
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Oliver Velez. Oliver Velez review Oliver
Velez from iFundTraders.com in this
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video I'm going to provide you with my
opinion on Oliver Velez. It's probably
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likely that he's gonna send me a cease
and desist letter however Oliver if
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you're watching this I would highly
recommend that you do your research
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because I've been sued numerous times
for defamation per se I have never lost
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and I would estimate that the plaintiffs
who sued me ended up spending over half
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a million dollars in total only to drop
the cases prior to discovery but if you
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want to go that route that's completely
fine remember that everything that I say
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in this video is my opinion so again
everything that I say is my opinion do
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not take anything that I say is fact
please do your own research in my
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opinion Oliver Velez is a complete scam
and fraud and there are a ton of red
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flags actually this video was very
difficult for me to put together because
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there are so many red flags now look at
the same time I understand nobody's
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perfect
alright but when you have allegations of
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theft and things like that then you
really start to dig into the intent of
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this person's I understand if someone
has done something stupid in the past
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because nobody no public figure is able
to go through life completely unscathed
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but at the same time when you have
allegations of theft and they seem to be
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Club of not paying them fifty thousand
dollars and to make matters worse which
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i think is very strange he actually was
behind on dues yet he apparently then
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continued to go and frequent the club he
apparently racked up a few incremental
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thousand dollars at the clubhouse
whether it be food or drinks while he
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was actually not paying the membership
fees additionally there are allegations
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that he stole sixty thousand dollars
from his partner in a PayPal account
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there are additional allegations that he
stole to
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$50,000 from his partner Tim Sykes who
in my opinion is the biggest fraud in
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the financial services education
industry also got into a feud with
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Oliver Velez and claimed that Oliver
Velez directly steals money from the
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people who deposit money in his
companies so yeah this video was
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extremely difficult for me to put
together because there are so many
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disparate pieces and all of them lead me
to believe that in my opinion Oliver
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Velez is a thief and in my opinion
Oliver Velez is a professional thief now
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additionally Oliver Velez teaches people
how to date rate and how to trade Forex
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we all know and we've looked at the
scientific research which indicates that
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you are virtually guaranteed to lose
money by day trading trading Forex is
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actually worse where when you day trade
you have close to a 100% certainty of
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losing money but when you trade Forex I
would say that you do have a 100%
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certainty of losing money in my opinion
so I wanted to provide some additional
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evidence regarding Oliver Velez this
stuff is more I would say supportive
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evidence
just because someone files something in
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a court it doesn't necessarily mean that
this person is guilty of anything I
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think it's just more so a pattern of
behavior but even so even with all of
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this supporting information I definitely
would not be making this video if I
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believed in my opinion that what Oliver
Velez teaches has one ounce of validity
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or that it would help people make money
by following his strategy so the entire
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reason why I'm providing and why I'm
making this video is simply because I
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believe it provides substantial
supporting evidence that gives you some
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insight into this person's character but
even so like I've said on numerous
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occasions nobody is perfect and if
Oliver Velez actually taught something
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which I deemed to be valuable and
worthwhile then I would definitely not
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even
making this video it's just simply the
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fact that he teaches day trading and
technical analysis etc where I believe
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that all of his followers are going to
end up losing money so this core case
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was filed in Westchester County New York
it was filed December 9 2011 by the
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country club now the interesting thing
is that it says that Oliver Velez stole
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or he owes around $50,000 I think it's
forty nine thousand five hundred so it
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says that Oliver Velez stole around
forty nine thousand five hundred and
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eighty nine dollars and six cents it
says that right here and then the funny
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thing is and this is actually the the
funniest thing that I take out of this
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it says that mr. Velez here are number
twelve this Mr. Velez never resigned
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from the club in fact despite his
failure to pay amounts he owed the
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country club mr. Velas continued to
enjoy the use of club facilities between
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March and September 2011 as evidenced by
charges incurred on his membership
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number at the snack bar pool and golf
course so it's so funny it's like it's
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like not only is this person not paying
but he's still frequenting the club and
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going there and enjoying himself as if
he's a legitimate paying member and that
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he's not doing anything wrong so this is
the thing that actually bugs me the most
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because it's one thing where let's say
he's going through some monetary issues
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and he bites off a little bit more than
he can chew so he simply can't afford
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the membership dues but then I would not
act like everything is completely cool
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go to the Country Club and continue to
play golf and then eat stuff and feed
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myself at the club facilities and you
know the pool and the golf course and
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the snack bar and act like I'm actually
gonna pay for it because that even like
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makes it worse it's like one thing if
you buy something but then you know you
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can't pay for it like you go through
some type of health issue or maybe
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business declines but it's another thing
completely to act like everything is
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okay and to continue to enjoy the
facilities and to continue to steal in
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my opinion that demonstrates some type
of sociopathic behavior where I mean
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generally people will be in
berest if they can't pay the membership
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dues but apparently again and this is
all allegedly Mr. Velez not only didn't
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pay but he then continued to frequent
the club as as if he was a member in
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good standing and then even helped
himself to golf and the snack bar the
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pool and the golf course
he then received a letter he just didn't
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respond to it and then they expelled him
from the from the club so you know this
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is one thing okay so in another case
this was filed in the Supreme Court of
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the state of New York the plaintiff is
Charles Vacarro and Team Trading LLC the
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defending Oliver Velez this was filed in
December of 2009 it says he Oliver Velez
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agreed to a non-compete agreement and
then he violated that agreement so it
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says right here that Velez thus is used
and continues to use the trade for
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wealth Facebook group and otherwise is
promoting his trade for wealth program
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as a means of creating confusion among
team trading clientele who believe the
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trade for wealth is another product of
team trading and diverting team training
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clientele to and attracting new
clientele for his competing trade for
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wealth business now I believe it says
that he he agreed to sign a non-compete
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agreement okay so here on number 17 it
explicitly indicates that paragraph
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fourteen point four of the operating
agreement prohibits Vaquero and Velez
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during the restrictive period which is
defined in paragraph fourteen point
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three as the period in which a member of
team trading remains a member and for
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three years after he ceases being a
member from use of information of team
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trading to compete with the business
specifically 14 before of the operating
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agreement provides that no no member
will at any time during the restrictive
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period using information of any person
thereof to solicit any clients or
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customers of the company or any of its
subsidiaries for purposes of providing
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to such clients customers or entities
any goods or services similar to those
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provided by the company or any of its
subsidiaries so this is a non-compete
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it's well
we standard language and then you can
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see that on this page he does engage in
violation of the non-compete agreement
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Velez has used and continues to use the
tree for while Facebook group then you
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can see in addition to his establishment
of a competing business for Less also
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his interfere with the financial
operations the team trading by
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restricting Vaqueros access to the team
trading PayPal merchant account
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he then Vaquero then alleges that mr.
Velez has stolen I think sixty thousand
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dollars so here are number 38 on page 14
and 20 it says that since September 2009
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Velez improperly is transferred from his
team trading PayPal account to PayPal
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account of his wife Brenda Velez at
least sixty thousand dollars without
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Vaqueros consent in no fewer than seven
separate transfers collectively the
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Velez PayPal transfers which are
highlighted in yellow on the paypal
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accounts reports that appears exhibit
one so Vacarro is accusing the laws of
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theft and embezzlement of around sixty
thousand dollars of PayPal funds as you
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can see the specific transactions here
Velez has misappropriated for himself
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funds and working capital a team trading
then the final case comes from 2006 so
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remember you try to look for a pattern
of egregious behavior this case comes
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from 2006 previously from December of
2009 where he was accused of violating
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the non-compete agreement and also
stealing around sixty thousand dollars
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that was were misappropriated from a
paypal fund and then additionally in
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2011 he was sued by his country club for
owing them around fifty thousand dollars
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so this was initiated in 2006 and
additionally as you can tell that's
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around five years of in proprietary
behavior this says that on November 20th
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2006 Velez was relieved of his executive
duties as chairman and CEO and removed
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as an officer and director of PCH I
believe PCH is Pristine Capital Holdings
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as a result of the discovery
more than 250,000 dollars of corporate
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funds converted to his personal use and
other misdeeds Velez and Capra mutually
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agreed that he would remain employed by
PCH in an undefined capacity pending an
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investigation so pretty much the
takeaway here is that Oliver Velez has
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engaged in a pattern of repeated history
of theft embezzlement misrepresentation
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violation of non-compete agreements and
besides the fact that in my opinion he
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is teaching a garbage and worthless
program to his followers that is going
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to cause them to lose money via day
trading and technical analysis and Forex
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I definitely believe that Oliver Velez
is someone that you should run away from
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