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BN Online Investment and Online Trading Scam

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BN Online Investment and Online Trading Scam Reports & Reviews (1)

- Celina, TX, USA
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A group of traders invited me to the group trading experience through Telegram. The group included 71 members but the actual number of participants in the guided trade was 6-7. A junior analyst would instruct the group to either buy or sell seconds contract and will ask them at the end of the process to screenshot and post it to trace the results. The trade would start with $300 and if it was profit then it goes for four trades and concludes with a aggregate report of the total profit which normally goes between 750-1050 for the day and will invite the group for the next day guidance. If there is a loss the analyst will double the investment to cover the loss and get profit and if the second order is loss then he doubles until a profitable order regained all losses. 300-600-1200 etc.. after three weeks of just observation the Senior Assistant announced that there will be a high profit session for the next day with a med level analyst that has a proven track of high accuracy in trades and that investors should take advantage of that opportunity and make high profits and at the end of the session if they want to continue with the program they have to sign a cooperation agreement that she will reveal the terms and the group was so excited and announced that they raised more funds to make more profits. The next day the mid level analyst guided the group to a five successful orders in which all reported tens of thousands of profit. At the end of the session the Senior Assistant announced that the group will be disbanded and only people who sign a long term cooperation agreement will be allowed to access feed and get instructions. At that stage I was sold into the program and wrote the Assistant to sign me up and help me setup account. She was very enthusiastic and walked me through the process of transferring funds from my Robinhood account and guided through three trades on BN. She then passed me to the Senior Assistant to assign me to a group. I started with $1650 deposit and I lost it in the first day due to my allocation of the funds and the fact that the first 3 orders were lost and I couldn’t get into the 4th order due to my limited funds. The rest recovered the losses in the fourth order and ended up with profit. The Assistant later coached me that I should have started with 100 and that would have allowed me to get into the fourth order 100,200,400,800. I was determined to invest more and my second investment was 5000. I was not lucky with this one either as the junior analyst lost five orders consecutively and wiped out everybody’s investment. At the end of the session the senior Assistant announced that they were bringing a very experienced analyst and it will be a high profit day. Members again announced that they are raising more funds. At this stage I was out of funds at my disposal and I was only watching the group interaction. The next day the person was introduced and brought his long resume in trading and lead the group to a four successive wins with live expert explanation of the trade position and screenshots of the live trade. I was envious of the team making tens of thousands of profit while I was just spectator due to my limited funds. At the end of the session the Senior Assistant announced that Mr Harrison Martin, the mid level Analyst will have a one week one to one instruction for the first 15 people who will have minimum $20,000 in their account. He will guarantee a 3 times profit or more within a week and will charge 20% of the profit as his commission. Members of the group posted their names and screenshots of their balances or new transfers to fulfill the minimum required funds. The Senior Assistant announced the names of those who secured their spot and the 15 spots suddenly shrunk to single digits. Scared of losing that great opportunity I decided to take a loan from my 401k plan and contacted the Senior Assistant to consider my situation and she agreed to hold the spot for me for the week starting 12/20 and asked me to make sure I show on my account 20,000. It took two weeks for my loan to be processed and transferred and by the time my one to one session date arrived I was already fully funded and Mr Martin brought my account to $87,500 in 3 days with a profit of 67,500 and a I owed a commission of $13,500. Here started the discovery of the scam. I asked the Assistant to settle the commission by deducting it from my account and schedule me for second session. The Assistant told me that I have to pay my commission with fresh funds before I use my account. I tried to withdraw funds from my account and it is locked. I can deposit into it but I can’t withdraw from it. I stopped the payment and asked them to allow me to withdraw but to no avail. The website is still functional but I am now convinced that all the process is fraudulent and the group members if not all most of them are part of the scam scheme. I’m really in distraught as I lost all my savings and my retirement funds.

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