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The Commodity Broker Chapter 8 and Final
Chapter -8
October, November
and December of 2007 were three good months for commodity investors. Most
clients made their money back, except for those which were told to re-invest.
Sofia’s customers were happy, and Paul made sure that a follow up call would be
made to them asking for their return, once Sofia was not part of the business.
NFA demanded
Stonegate to close its doors in March 10th 2008, and all opened accounts were
transferred to another firm – Friends with Paul. The game continued, and in
less than a year later, that company was forced to close due to same
problems. The principal of the new
company gave Paul a percentage of the commission, and most employees lost their
job. By July 2008 Paul opened a business
to trade metals (an item that is not regulated by NFA), and hired back all his
friends, and sooner than one year, that firm was closed down due to the same
problems, but this time, some customers received compensation.
As of 2009, Diva
moved in with Paul and helped to run Paul’s new adventure on Insurance
business. The business, yet regulated by various agencies, leave room for lies
and sale of medical insurances without offering the benefits promised at first.
It is another business that needs regulation and close supervision. People are
buying Medical Insurance to learn later that it covers almost nothing. Paul kept on lying to people and Diva was his
secretary and part time lover.
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Chapter 1 http://miltonlaenearaujo.blogspot.com/2013/08/the-commodity-broker-chapter-1.html
Chapter 2 http://miltonlaenearaujo.blogspot.com/2013/08/the-commodity-broker-chapter-2.html
Chapter 6 – 7 http://miltonlaenearaujo.blogspot.com/2013/08/the-commodity-broker-chapter-6-and-7.html
