| Name of Complainant | |
| Date of Complaint | August 19, 2023 |
| Name(s) of companies complained against | MTFE |
| Category of complaint | Investments |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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I am writing to express my deep concern and disappointment regarding the recent revelations about MTFE’s deceptive business practices and fraudulent activities. It has come to my attention that MTFE, under the guise of AI trading, has scammed thousands of investors by operating what appears to be a Ponzi scheme. As a victim of these unethical practices, I feel compelled to bring this issue to your attention and seek appropriate action to rectify the situation.
I initially invested in MTFE based on the promises of advanced AI trading technology that was supposed to generate substantial returns on investments. However, as time passed, it became evident that the returns were not being generated through legitimate trading activities, but rather from the investments made by new participants in the scheme. This classic characteristic of a Ponzi scheme is not only disheartening but also illegal and morally reprehensible.
It is distressing to realize that my hard-earned money, along with that of countless other investors, has been exploited for the benefit of a few individuals involved in MTFE’s operations. This incident has not only caused financial losses but has also shattered the trust I had placed in your company as a reputable and reliable entity.
I demand a thorough investigation into MTFE’s activities and a transparent disclosure of the true nature of its operations. Additionally, I urge you to take immediate measures to compensate the victims who have suffered financial losses due to this fraudulent scheme. It is essential that MTFE takes responsibility for its actions and initiates efforts to rectify the damage caused to investors’ lives and finances.
I expect a prompt response outlining the actions you intend to take in response to these serious allegations. If no adequate steps are taken, I will not hesitate to escalate this matter to appropriate regulatory bodies and legal authorities to ensure that justice is served.
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