Originally Posted by optimist48

It's serious Company.?????'' Ok, let's all read this which appeared on another Forum and then you all can draw your own conclusions:

Quote:

Since you asked, here is my report to Heinrich (Heinport). Take care.
Dave

Hello Heinrich,
I flew to Panama City yesterday (Friday, May 29th) morning - arrived at the Century Tower Bldg. (at the supposed Novalex office) around 9:00 a.m., went to the 4th floor and asked about 30 different people in different offices if they new where Office 40A-14 (as listed in the website) was located. No one could tell me. And not one had ever heard of a company named Novalex that had supposedly been operating from that office for almost 1 year.

It took me a few minutes of calling them to find out, that the way they listed the office number listed in the website info is very confusing. I requested one of them to come down to the lobby to meet me and walk me up. They declined. I requested that one of them meet me in the hallway outside of whichever office is their’s. They declined. Said they were too busy to leave the ****** unmanned. Okay, no problem (but later Edgar did just that).

They, then gave me directions to their office and I went to that office and it had another name (can’t remember the name) on the door. But, they are in Suite 401. That part of the mystery, solved. F.y.i., there are three other offices in there and none are related to each other (except, all are provided by a company called Sovereign Mgmt.). The “space” for lack of a better term is a cubby-hole that was obviously a utility closet. I am not kidding when I say, it is small. I estimate the size to be just a tad over 3 ft. (depth) from doorway to back wall. The entire closet is maybe 8 ft. from left to right. Edgar Gomez (told me that was his last name, but on his business card, it says Edgar Gonzales) sits at (squeezes into) the desk on the left and I don’t remember the name of the guy on the right (didn’t speak English). Edgar speaks English very well and came out to the small lobby to answer a few questions. His repeated answers were, “We are only support here. That is all we do.” To which I asked, what does that entail? What do they ask when they call? He said most calls are asking if the investment is “secure”. He said he’s not sure what to tell them. He would not elaborate further. I guess one has only to call him and ask to find out what he would tell you. I think it’s a pretty naïve question – like asking one of 2 foxes in the chicken coup, what that other fox plans to do with that chicken in his mouth and the first fox answers, “uh, put it back?”. He might not know the answer – but it’s obvious he does not know enough to give a qualified answer. When I kept pressing for more definitive answers, he encouraged me to go up on the 20th floor to the Offices of (you may have guessed it) Sovereign Management & Legal, S.A. and to speak to Ricardo Alvarez and that he could answer all of my questions about Novalex. (?)

Ricardo (young, educated, marketing director, who speaks English very, very well) told me in a meeting that lasted about 35 min. that he had never met Luis Fernandez, that he doesn’t know much about Novalex – only that he set up a Foundation, and an Offshore Corp. with an Offshore Bank account for Luis Fernandez and Novalex. He gets emails from Luis from time to time. His company Sovereign Mgmt. & Legal, S.A. were also hired to hire Edgar and the other 2 support guys and to set them up in that office space on the 4th floor with phone answering equipment and 2 computers. I think that equipment was may have already been there and in place because of another program that also hired Sovereign to set up their Foundation (and maybe to do their phone support also). The name of that program – TRADELITE.

I asked Ricardo if he was aware that Tradelite had scammed a lot of people. He said he figured it had, because the owner had dropped out of site and no longer responded to the nominess/trustees (which were personnel, hired by Soveriegn) and Ricardo said he was going to have to dissolve the Tradelite Foundation. He doesn’t seem to be interested that these programs scam people. He provides a legal (in Panama) service that these program admins are discovering they can take advantage of for as long as they need it, to move funds to either a bank in Belize or a bank in Cypress. Once they stop or close the program, they could care less about a Foundation – they no longer need it.

Oh, and it gets better ………

Ricardo hoped to sell me the Foundation package. I wondered if Edgar had sent me there with a dual purpose in mind – and just maybe to get a referral comm. (not sure about that, so don’t quote me on my subjective feeling – must be my ‘cloak and dagger-plot’ mentality and that all of these admins are out to scam me – gee, I wonder where I got that feeling from?!?). Both of these guys are very affable. I had some good dialogue with them, but it’s obvious that if they do know anything more about Novalex, they can’t or won’t help anyone to get more answers.

I returned downstairs to ask Edgar if Luis ever comes to visit the office? Answer, no. Have you ever seen or met Luis? Answer, no. Can you telephone Luis? Answer, no. How do you communicate with Luis? He sends us an email “every now and then”. Is Luis a Panamanian? I don’t believe he is. Does Luis live in Panama? I don’t believe he does. Do you know what country he lives in? Answer, no. Do you think Luis will ever come to visit you? Answer, no.

My feeling is that Luis will never meet with anyone if he can avoid it. Think about the site - No registration required - No paperwork. You just spend to his S.P. acct. 30 days later, he gives you your money back. He has another 20 days before he pays you any profit. Therefore he has 50 days of collecting 10’s of thousands, if not 100’s of thousands before he has to pay you any profit. As long as the money coming in is greater than the amount he has to payout, he will have phenomenal growth and can grow to $millions. He leaves part of the deposits in S.P. to make payouts – does this for a few more months and in the meantime, moves the bulk of funds offshore (small daily amounts supposedly going into trade – trading results can be faked – or maybe real, doesn’t really matter, if the outcome is as I suspect) to avoid suspicion.

Why am I proposing this (what some may view as an) outlandish scenario, because that’s what Ricardo and I hypothesized about what happened to the investor’s funds in Tradelite. He (Luis) will eventually remove the website, S.P. will freeze whatever funds are left behind, and he won’t give a darn as he will already have millions in one or several offshore banks, then blame S.P. for freezing “your” funds (like Smirnow of P2P did with A.P. and S.T.P.) and can just disappear. I asked point blank (to both men, Ricardo and Edgar) if either one was an investor in Novalex (or Tradelite). Answer, “no” from Edgar and “no way – they are way too risky, offering that much of a return percentage” from Ricardo. And they don’t know of anyone in either of their offices that have invested in Novalex, but both said they don’t think anyone has. The only person that may know his (Luis’) true identity and whereabouts (from the required paperwork for the Foundation) is Ricardo and he is bound by lawyer, client privilege. He mentioned to me in our meeting when we were talking about the Foundation (for me) and I asked which bank would be better (Belize or Cypress) and he seemed to imply that one is better for Euros and one for dollars (but would not favor a choice for any client). I tried to trick him into revealing some or any info about Luis and he told me, time and again that was privileged info and apologized, but that he is bound by the secrecy Banking Laws of Panama with regards to a Foundation and it’s protectorate (Luis).

My conclusion:

Whether he’s actually involved in Forex trading or not, he will not be able to pay out the astronomical sums that will accrue in total in about 4 – 5 more months. Even if he tries, S.P. will not facilitate such huge payouts. Remember, the limit he has set for each individual to have invested, is not capped at $50K per member’s account, but is $50K per DAY. And the large referral percentage is another red flag. I feel that, if you and any others do get in early enough, you will do okay as long as you don’t keep your money in, rolling it over, i.e. take your initial out and play with “house money”.

I will offer that if you can arrange for Luis to meet with me in person, I will be more than happy to return to Panama City to meet with him at a time and location of his choosing. I doubt seriously if he will agree to such a meeting but I will remain good to my word if you can arrange it. I hope I am wrong about him for all of his members’ sakes – but what little evidence I’ve found so far (as well as the lack of answers), tends to support my feelings. Today’s trip cost me about $400 – but it most probably saved me, $ thousands. I will report to my investment group on Monday that this is an investment that I feel we should pass up. I don’t have enough facts to risk our group’s $100K. I will also offer that I will not berate this program publicly, nor will I offer my views and my inconclusive data, but I will reply as honestly as I can, if someone/anyone asks me. If you want to skype me to speak with me in person, please let me know and I will furnish my skype username. Take care.

Dave (I am in Volcan, Panama and I will meet with or talk to, anyone, anytime)

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