what about funds ? did they refund to the investors ?
I just called the phone listen in their website, the guy that answered told me refunds should start coming in at the begining of the next week. I'm not even invested into their website but oh well, I decided I should just let that out here to see if this is going to turn being a scam as well despite their claims.
They are clawing back the >16% "trading profits" they supposedly achieved over the past weeks in an attempt to pay everyone back the principal (and they are not sure they can achieve that). So obviously it was a ponzi scam, just one that got stopped early enough that its still possible to roll back, since it didnt operate long enough for anyone to withdraw their principal.
Major props to the NJ bureau of securities for acting quickly and stopping this before it spun out of control.