1/31/2013

Legal Team ?lol

 They still claims they entrust client's funds and they have "legal team" ,but they can't figure out the meaning of the following article
(ii) by using cash in the trust of Financial Institutions Engaged in Trust Business (limited to those with contracts for the replacement of losses pursuant to the provisions of Article 6 of the Act on Additional Operation of Trust Business by a Financial Institution and in trust accounts that are obvious as Property Subject to Preservation by the account name).
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1/26/2013

An email from Financial Service Provider of New Zealand


We received the following message from an adviser of the FSP on 7 Jan.



Thank you for bringing this matter to our attention. As mentioned in my previous emails, no entities such as FX Ethos or Ethos Capital appear on the NZ Financial Service Providers Register (FSPR). Based on the limited information we hold about this entity we are unclear about the nature of its activities. We always advise consumers to conduct their own due diligence in dealing with any entities they are unfamiliar with, particularly where funds are required to be sent overseas.

Regards




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1/25/2013

"Karthik" guy crying ,shouting and lying at FPA !!

Please take a look at this archived page at Forex Peace Army

http://archive.is/SNny

1.He said he could show us the FSP # via support within 30 minutes.

Since then We have been asking him for the # but not hear back from him yet

2. Their office address was same as a legal firm Ayres Legal.

Karthik answered FXEthos shared with their office with Ayres Legal  because Ayres Legal was their trustee

We contacted Ayres Legal and Mr Ayres answered "Ayres Legal has never been trustee for FXEthos"

Few days ago,we chatted with a "support" staff and asked who was their trustee.

He said " " We do not have any trustee it is a decentralized market where major banks all over the world plays a vital role" ??

 Few minutes later, he came up with another ID and "our trustee is stewart & associates" lol

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1/24/2013

This is his facebook account




https://www.facebook.com/karthik.subramanian.969
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1/17/2013

Karthik Subramanian's Two Fake Licenses


Robert, London

Rating:
Date of Post:2009-11-04
Review:The website is totally false with fake live results. The account they mention online is not even live account. I got this checked by IBFX and they have told me that account number Account: 1559458 me: Karthik N S is a demo account.

They talk about using Deutsche Bank Asset Manager but dont they realise that you need to have big funds. I would stay well away as I have heard bad things about this man.

The results are fake and the profit is fake. Demo account that has probably been backtested and Karthik is looking for some poor person to test.

Please stay away. They are very rude people and the website is full of lies. Does not even have a license.


Robert from London talked about one of Karthik Subramanian's scam sites mdiassetmanagement.com

1 The "live" result was fake.the account was not even live account

2 Karthik Subramanian claimed to be an approved Deutsche Bank Asset Manager but did not even have a license.
Karthik Subramanian now claims to be a regulated brokerage in NZ but doesn't even have a FSP license
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1/14/2013

THE FOUNDER OF FXEthos.com Karthik Subramanian is THE SCAMMER Karthik NS @ mdiassetmanagement.com

http://helpdesk.fxethos.com/

A review by Robert about mdiassetmanagement dot com at Forex Peace Army


Below are  4 archived pages of mdiassetmanagement dot com

2 http://archive.is/Y0lV  Real estate investments Did he/they really own such amount of real estates in the U.S ?
3 http://archive.is/ZY4Y managed forex Robert from London pointed that the "live results" +369.49 % were fake.
4 http://archive.is/okXg structured cd's 

Please have a look at the bottom page of # 3 "About The Trader Karthik NS" He claimed to be an independent analyst for fxstreet.com

Karthik NS's profile on fxstreet dot com

And below is a cache of his profile as the founder of fxethos.com 
The whole cached page https://archive.is/ABP3 unfortunately his face pic disappeared but we have screen shots of the page.
He hastily changed his name and whole profile soon as we pointed that he was a scammer in a forum.
Karthik Subramanian became Karthik K 
Link https://archive.is/zmX2 
twitter account https://twitter.com/ns_karthik

Please compare the 2 profile pics below

 
Conclusion:
 Karthik NS @mdiassetmanagement and the founder Karthik Subramanian is the same guy 
 HE RAN MDIASSETMANAGEMENT.COM WITH A FORGED LICENSE OF DEUTSCHE BANK ASSET FUND MANAGER

NOW HE RUN FXETHOS.COM WITH A FORGED FSP  LICENSE AND FSCL MEMBERSHIP

If you want to contact Karthik Subramanian, go to http://helpdesk.fxethos.com/ so that you can chat with him


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1/08/2013

Beware !! FXETHOS IS NOT ENTRUSTED

Alert !!
FXEthos's so called "segregated and entrusted funds and accounts for all clients  "is lie !!

All CLIENT'S FUNDS WILL BE SENT TO HIS OWN FOREIGN CURRENCY CALL ACCOUNT


NOTHING IS NEITHER SEGREGATED NOR ENTRUSTED
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1/06/2013

Maximum Client's Funds Safety !?

FXEthos says  FX trading accounts with fully segregated trust accounts that offer fund safety.

 But have a look at and read this

 http://www.fxethos.com/funding_withdrawal_methods.php

ONLY ONE BANKING ACCOUNT FOR ALL CLIENTS TO FUND AND WITHDRAW ?

HOW CAN FXEthos ENTRUST AND SEGREGATE CLIENT'S FUNDS AND ACCOUNT ?

Bank Name:Bank of New Zealand
Bank Address:Alexandra, New Zealand
Account Number:8064550007
Swift Code:BKNZNZ22
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1/05/2013

Here is a screen shot of the "original" top page of FXETHOS.COM

Where the FSP logo has gone? FXEthos still claims to be regulated in NZ !!

He said that he removed it for an aesthetic reason lol

p.s being a member of the FSCL does not mean that they are officially regulated in NZ as a forex brokerage,Karthik Subramanian deliberately confuses it.
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1/03/2013

Here is the center of the scam

https://www.facebook.com/Fxethos
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