Posted on 12/13/2024 8:16:04 AM PST by delta7
“
His case made it to Supreme Court and he was exonerated.”
MICHAEL J. GARCIA, the United States Attorney for the
Southern District of New York, announced that MARTIN A. ARMSTRONG,
a former currency trader and former head of Princeton Economics
International, pleaded guilty today in Manhattan federal court to
a charge of conspiracy to commit securities fraud, commodities
fraud and wire fraud, stemming from his $3 billion “Ponzi” scheme
involving securities known as “Princeton Notes.”
ARMSTRONG pleaded guilty today before United States
District Judge John F. Keenan to Count One of the Indictment,
which charges him with conspiracy to commit securities fraud,
commodities fraud and wire fraud. At his plea proceeding,
ARMSTRONG admitted that he defrauded investors by fraudulently
misrepresenting his trading performance track record to investors,
and by wrongfully commingling investor funds, contrary to the
representations to investors.
According to the Superseding Indictment filed against
ARMSTRONG in 2004, during the entire course of the scheme, from
1992 through 1999, approximately 139 victims — primarily
corporate investors — were fraudulently induced to purchase more
than $3 billion in so-called “Princeton Notes.” As is typical in
“Ponzi” schemes, earlier investors were repaid, the Indictment
charged, through funds contributed by later investors and, by the
time the scheme collapsed, investors had suffered losses in excess
of $700 million. The fraudulent conduct alleged in the Indictment
included: (1) making numerous fraudulent representations
concerning the value of assets in accounts that Armstrong
controlled; (2) fraudulent misrepresentations of Armstrong’s
trading performance; and (3) wrongful commingling of investor :
https://www.cftc.gov/PressRoom/PressReleases/5701-09
“Do some research, educate yourself, then get back with us.”
You keep repeating that same line word for word. Are you Socrates?
“The court documents don’t lie. Take some time to read them, all. His case made it to Supreme Court and he was exonerated.”
———Lifetime Ban-——
Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) announced today that it obtained more than $27 million in remaining restitution and permanent injunctions in consent orders that settle its fraud charges against Martin Armstrong of Maple Shade, N.J., and hi s investment firms Princeton Global Management Ltd. (PGM) and Princeton Economics International Ltd. (PEI).
In addition to the restitution awards, the consent orders bar Armstrong, PEI and PGM from trading, applying for registration, engaging in any activity requiring registration or acting as a principal of any registered entity or person.
Dec 2 – This week on FS Insider we are going to air part 2 of our conversation with the well-known forecaster Martin Armstrong to discuss Build Back Better, the Great Reset, Covid, his prediction of an American civil war and much more...
Armstrong is the best known scammer on the planet. Always the smartest guy after the fact. Search the web: Armstrong Socrates Scam Martin Armstrong seems to find a need to wrap basic and well known (or what should be well known) concepts in cloaks of mystery that only he – and his computer – can divine.
Before I get into the details of his marketing strategy elements later, I outline it here first to create the big picture. Martin Armstrong publishes a large volume of internet pages and messages daily as Clickbait. On the surface, the subjects of most of these articles are unrelated to his products and services. Their purpose is to create web traffic in his online store where he sells his products and services. He even succeeds in getting readers to redistribute those marketing blog pages as clickbait content because it is tailored to tell his readers what they want to hear (politically biased, sensational, controversial material). More recently, many messages have an element of easily consumable political activism that motivates redistribution.
He is mainly targeting groups of people who have little confidence in today’s institutions. He often gains the trust of these people simply because he is against their enemies.
Some of these followers then become victims of any of his multiple scams. It’s a terrifying business.
https://armstrongecmscam.blogspot.com/p/armstrongeconomics-scam-business-model.html?m=1
And his service is a joke. I’m not sure where to start in describing how bad it is, but I defy anyone to trade effectively using anything he provides. Socrates is, indeed, a puffed up charade.
His summaries and blog posts, whether behind the pay wall or not are full of the most vague and ambiguous nonsense imaginable. Have you seen the questions he is supposedly being posed by supposed subs? Have you read the ludicrously fawning comments. It’s embarrassingly obvious that it’s a put up job, but a none too convincing one. Do you actually think central bankers are in anyway involved with with him or that they ever have been?
https://armstrongecmscam.blogspot.com/p/socrates-subscriber.html?m=1
“The fact remains, his Socrates computer and forecasts are legendary.”
Martin Armstrong is a world renowned criminal. A thief. An unrepentant convicted felon. Worst of the worst. Decades ago, he hired some programmers to write that program for him that he calls Socrates. Used it to trade the markets with money stolen from investors. Lost USD 700 million. Created a USD 3 billion Ponzi scheme to cover up the losses. Was caught and spent 11 years in jail for the crimes, including for failing to return USD 15 million that he stashed away, on top of the losses.
Most likely, after getting out of jail, Martin Armstrong laundered the stashed away money and paid Marcus Vetter to make that whitewash movie “The Forecaster” for him. A web of lies that blames the government for his crimes. The wet dream of a criminal. Now he sells that Socrates software that he used to lose millions, as a subscription service for USD 1,800 per year to the little guy. For the results, see:
Socrates Subscriber Testimonials
This is the true story of a criminal kept safe from his victims, earning USD 15 million of stolen money while behind bars, being fed on US taxpayer expense, and allowed to re-build the longest running scam business in history, using some of that stolen money. See:
ArmstrongEconomics - The Scam Business Model Exposé
So WHAT does he do as Armstrong Economics then?
He is an Internet content aggregator driving traffic into his online store for his three revenue streams: 1)
Socrates Subscriptions, 2) overpriced books and reports, and 3) overpriced conferences, physical and virtual
https://bitcointalk.org/index.php?topic=1082909.7440
“The fact remains, his Socrates computer and forecasts are legendary.”
The number of unimaginable idiots on this thread are staggering. No wonder they are the very audience of Marti the Charlatan.
How long is it going to take for you brainless parrots to finally realize there is no AI system, no supercomputer, no offices, no employees, no nothing. It’s just a one man show. You are only bubbling about his supercomputer, AI, etc because he told you so. There is no proof of anything because MA didn’t present any evidence whatsoever (just empty claims) because nothing of what he claims exists.
Now, because you are not able to think and analyze, I will do it for you once again. All famous hedge-funds and investment management firms like Renaissance Technologies, DE Shaw, etc. have been throwing literally $billions and hundreds of PhDs into IT systems, AI, etc. for years. Yet they still don’t have anything close to a credible AI system, a supercomputer or whatever you call it and they still don’t beat the market consistently.
And then you have:
1. Uneducated 70+ y.o. convicted felon
2. Lost all the money (both of his and his clients’) on bad trades, cheated (stole the remaining), get caught, spent years in prison
3. Completely broke
3. Never knew how to code, literally illiterate, ignorant and delusional with enormous ego
4. Runs his very poorly made blog on free wordpress site
Who claims without any proof whatsoever that he has singlehandedly! wrote! the program code! that collects! (from where?) all the capital flows data! in real-time! Even the IMF does not have all the information and collects it with a month+ lag. There is no such entity in the world that has the capital flows data in real-time.
And you idiots take every word from this pathetic charlatan no matter how ridiculous they are, worship him, waste years following him and keep buying his bullshit conferences, reports and subscriptions. And frankly you fully deserve it.
https://bitcointalk.org/index.php?action=profile;u=728599;sa=showPosts
You are funny. I have done very well following his Socrates forecasts for more than a decade. Sorry you haven’t.
Let me help you. Here is his latest advice, disregard at your own peril.
Armstrong: Remember, the US dollar will be the LAST to fall.
With the American civil war starting next year won’t the dollar be the first to fall?
“I have done very well following his Socrates forecasts for more than a decade. Sorry you haven’t.”
How much does he pay you?
Following his Socrates ECM ( it is free) has enabled me to profit on the centuries old business cycle.
Try it, you won’t be disappointed.
“Let me help you. Here is his latest advice,”
LOL!
Armstrong: Bankrupt 3 times. Eleven years in jail.
Me: Zero bankruptcies. Zero years in jail.
“Socrates ECM ( it is free) “
Basic: $15 per month
Plus: $55
Pro: $150
Armstrong is a hoot!
Interest rates in 1899 were 200%
Nov. 24,2018.
“A year-end closing below 4150 will point to a drop back to 775 area. It was a trading vehicle – not an investment class for the long-term.”
He couldn’t have been more wrong!
Bitcoin closed the year below 4150. Then more than doubled in the next few months.
Sorry for your losses ...
Try it, you won't be disappointed”
I am naming the culprit up front which is ArmstrongEconomics, Martin Armstrong with his Socrates subscription service. Martin Armstrong the world renowned repentant convicted felon who spent 11 years in prison for bilking people out of hundreds of millions of dollars.
Since he is by court order barred from association with any financial adviser, he cannot take any investor money any more. However, he set up this scheme to scam thousands of his victims indirectly. It is fully computerized. Once you subscribe, your subscription information, in which you MUST disclose which stocks you are interested in, is available to be used against you. You receive magical numbers called “Reversals” only for the stocks you subscribed to, which when the stock price crosses them, tell you to buy or sell. Plus you need to pay up to $1,800 per year subscription for the privilege to get scammed.
For more details, see: ArmstrongEconomics - The Scam Business Model Exposé
and
Socrates Subscriber Testimonials
As a person, I am not economically active, I am not selling anything. I just want to share some experience to prevent harm.
https://www.reddit.com/r/Scams/comments/ulu1t8/the_financial_chart_indicator_subscription_scam/
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