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