HELP info here- for those defrauded

HELP info here- for those defrauded

Post/Comment here, or email any new info and we will post it for you.




DEALSTREAM's DEAFRAUDED CLIENTS
If you have been defrauded by Dealstream in Melrose Arch, South Africa,
kindly share your input here, so we can, as a larger informed number, head in the right direction to get our money back.


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FSB LETTER

It is indeed unfortunate that you and many other investors under Dealstream Securities find yourselves in an unforeseen circumstance with regards to your investments. However we must reiterate that the FSB is working tirelessly to get to the core root of this problem. We further advice that every investment has an element of risk and that people should advance with caution when getting into any investment contract. The FSB will communicate through the media if and when there any developments with regards to their investigations on the operations and demise of Dealstream. For further assistance, please feel free to call the FSB Contact Centre 0800 20 20 87 / 0800 110 443 (Monday to Thursday 07h30 to 17h00, Friday 07h30 to 16h00) I trust that this information is to your satisfaction

_________________________________________________________



INVESTEC
ask Investec Corporate Cash Management
where our cash is and that we want it back

Steven Group

Kris Mietz
kris.meitz@investec.co.za

Mr Griffiths.
dgriffiths@investec.co.za

0112869607

____________________________________





SAPS Commercial Branch

You need to open up a case of FRAUD againts Russell Leigh of Dealstream at your local SAPS First... and have a case number in order for them and the Scorpions to get to work.
WHO HAS DONE SO?

Focuses on fraud and commercial crime.
Hotline:
08600 10111

JHB
SAPS Commercial Branch 0118075320
Superintendant Heyman 0829007878

JHB-Commercialcrime@saps.co.za

hq.commercial@saps.org.za (no response from this)

________________________________

Below are two differing parties wanting to take action-

______________

Kevin Yeh on 2008/09/27 08:56:10 AM - Dealstream Action Group Affected clients are also welcome to email to me,
kyeh@worldonline.co.za
for further information. Currently we have 10 people in our group.

Dear fellow affected investors

Following my previous correspondence, I would like to inform you of a possible scam targeting affected Dealstream clients. An entity by the name of GFIA and certain individuals working with it are targeting affected Dealstream clients, asking them to sign a requisition form.

I am extremely suspicious of signing any form with GFIA or with any third party at this stage. The GFIA website seems to have been put up in a hurry, it lacks credibility.

I have been in contact with RMB, Investec and FSB. I was advised by FSB they are investigating the matter, and they have been to Dealstream’s offices to gather documents and information. I suggest we all wait until FSB makes a clear announcement on the matter. We should all speak to the regulator directly instead of attempting to use any third party to speak on our behalf at this stage. The toll-free number of FSB is 0800 110 443

Do not fall prey to any schemes that could want to make money off us, just because we are desperate to get our money back. Never sign anything if you don’t know who the counter party is.

_____________________________________________

This morning I was phoning around, to make some enquiries and to obtain assistance.

My first stop was Doug Reed, CEO of Voxtelecom, who is also affected by Dealstream. However, he was not available.

I then contacted RMB, who is the clearing member for Dealstream. Braam was sympathetic, but he could not really help me. All the futures contracts are now with them, but not CFD’s. He referred me to FSB for more info.

I then contacted FSB. A consultant said FSB has gone into Dealstream’s offices a few days ago to collect information and documents. They are currently investigating the matter. They will make a media announcement in due course.

Right now, what we can do is hope and wait.

______________.”

______________________________________________________________

Also those interested in taking some recourse, email this guy

www.troubleatdealstream.co.za


sales@investyourself.co.za
he says...
lets get a legal opinion. surely one of the institutions would have . .more been aware on what dealstreams actions were or . .more lack there of. also dealstream have . .more misrepresented themselves by claiming that ernst and young were shareholders, which is clearly not the case, as per ernst and young comments on this website. if dealstream misrepresented themselves and there creditors then i think they should be taken to task, if not for any moneytree value, then certainly on principle. why is that some persons if rumours are true can have there funds transfered to rmb from dealstream yet the rest of us have no say. spread the word to all creditors that we will seek legal advice and email me if you are interested in going forward once legal advice has been sought. .

Hi there everyone had a chat to GFIA and this is a little e-mail to let everyone know where we are to date. Please start watching the blog because we will update it as we know. Please note that the requisition form is not your actual claim and is therefore not legal and binding and you will require to fill in other documentation in this regard if GFIA get appointed and if in the future you incur any cost Mac form GFIA said that you would be notified and you can withdraw your claim at that point and then there would be no cost. Lets just do it step by step.

Regards

Bruce de Bruyn

082 8853 644

We are currently still anticipating a possible application for the liquidation of Dealstream Securities and will continue to file all the requisitions received from investors with the Master of the High Court. Although we have not received any formal communication in this regard, it seems that the Financial Services Board may still contemplate going the curatorship route with Dealstream Securities.

At this stage it is impossible to predict what the exact financial status of the company is. If Dealstream Securities is placed under liquidation or curatorship, the liquidator/ curator must take control of all the assets which would include the books and records. Only once that process has commenced, can the liquidator/ curator start to ascertain the financial position of the company and initiate appropriate investigations into the failure of the company.

Unfortunately this is the only update I have for you and your investors at this stage, but will keep you updated as further progress is noted. Thanks again for all the requisition forms received to date, it is appreciated. For those investors who would still like to submit their requisition forms, please scan and email to our Administration Manager: Madel Visser (madelv@gfia.co.za) or fax to us, at either (012) 361 0394 or (011) 482 4737.

Kind Regards

McComb Taylor

Divisional Director

GFIA Administrators (Pty) Ltd

and

Gobodo Forensic and Investigative Accounting (Pty) Ltd

Hi

I spoke yesterday to a representative at Investec and these are the questions regarding this whole mess and answers given - 011 286 9607

1) If an account was opened by Dealstream in the clients name at Investec, with a mandate to Dealstream, then surely the FSB or anyone else can not freeze this account as this account is not in the name of Dealstream. This account do not form part of Dealstream assets or liabilities and therefore not part of Dealstream at all. According to me I am suppose to be able to cancel Dealstream's mandate and take control of what cash is left in this account.

Answer - The accounts were frozen by the FSB, in order to finalise any open positions after the curator was appointed and then the accounts should be made available to the account holder.

Remark - This made sense except why can I not become a normal creditor in Dealstream's estate as RMB also took whatever the could.

2) Surely you can supply me the balance on my accounts as 2 of the 3 accounts was not in a trades. What do you want to hide.

Answer - If the FSB say we may not then we must listen. Wait until the curator was appointed and send your request to him.

Remark - maybe we must make a fraud case against Investec as they froze my account under the instruction of the FSB that has no jurisdiction over my account. Why not give me a transaction printout, so that I can at least determine the money missing, and then decide what route I want to go? Again not important enough like VOX?

3) Why can VOX and other major investors negotiate with RMB to cover their positions and us normal people are not allowed. Surely if Dealstream is liquidated then the short on RMB's side is also a normal creditor. Please then explain why RMB is allowed to finalise, maybe to the disadvantage of us, the open positions without talking to investors in Dealstream.

Answer - I do not know.

Remark - I did feel sorry for this person, as he was put in a situation where he did not know the any the answers and sound sincere. He did promise to bring my concerns to the attention of their public relations department. I do no think this will help at all as it was clearly shown by Investec and RMB the do only care for themselves.

Regards.

COMMENTS RE ABOVE
29 th Sep 2008
Dear X Dealstream Clients, ...Liquidation company for Dealstream ??

On 29 th Sept, a X Dealstream client was called by a "so called" liquidation company for Dealstream and needed to fax them a document in order to facilitate them getting their money back.

Anynone know details of this ...or is this a further SCAM?


is it this guy?
...from Moneyweb site.
Louis Fitz-gibbon
Louis you are vermin *&^%. stop praying on people who have already lost their savings. There will be 1c in the R in a liquidation and here you are trying to get these poor people to cough up for your benefit. back off.

Any help would be great for the victims.

louis fitz-gibbon stop being an ambulance chaser you low life. the cash is gone. P*** off. these people have lost enough already by angry on September 26 2008, 14:08 Find this comment inappropriate? Report it

Louis the Fly LEave poor Louis alone - he is still looking for his MoneyTree (expand his purile comment to uncover the money tree pearl). Good luck Louis. And be careful, don't chase a parked ambulance, you might hurt yourself

by 78 on September 26 2008, 16:06 Find this comment inappropriate? Report it

no flies on Louis check out his website - Louis also sells CFDs!! FANTASTIC - i bet they will have a 50% off sale next week. You go my boy by Louis Buffet on September 26 2008, 16:15

Dear Louis, trust you don't have some (all) of your clients' funds InvestYourself there ....

by Louis Fitz-Gibbon on September 27 2008, 17:00

___________________________________________________________________

RUSSELL LEIGH's (CEO of DEALSTREAM) personal details needed urgently for Police



INTERPOL- you can see him and hear his lies here.

http://multimedia.johncom.co.za/view_video.php?viewkey=4094fe9e0bc1de3f94ed

http://multimedia.johncom.co.za/view_video.php?viewkey=8714c029b37a6ad3006f





What is his ID number :

I.D No: 710115 5174 088 -possibly

Address
Res Add: 67 Dorothy Road Norwood Johannessburg 2192 - possibly

CELL NUMBERS

Russell cell - 083-627-4445
and also 082-782- 4328 (had as old no)

Jeanne Leigh - 082-351-7122

PS
Jeanne Leigh was fired from Global Trader more than 5 years ago for attempting to steal Global Traders client base for her husbands business dealstream. The court records are public for those who are interested.



Where was he living before returning to South Africa?


_______________
Dealstream employees
Bernard Willer

Dealstream Securities and , Snap Systems software Owner
Johannesburg Area, South Africa

* at Dealstream Securities
* Owner at Snap Systems
Education
* North-West University/Noordwes-Universiteit
*
Owner
Snap Systems



Bernard Willer’s Education

*
North-West University/Noordwes-Universiteit

1999 — 2001

ADDRESS?
TEL?
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off SAFEX website...
Notices and Circulars
23 September 2008 - F1847 - Default of Member - Dealstream Securities (Pty) Ltd

ie they were a member

Dealstream's FSP number is listed as 29 541 on the FSB's site, but its record has been marked as cancelled.

The Financial Advisory and Intermediary Services Act (FAIS) department of the FSB is responsible for issuing licenses, assessing financial services firms and taking action against firms who fail to comply with FSB legislation.

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______________________________
Elmarie Kruger, manager of capital markets at the FSB,

said yesterday the FSB's investigation into Dealstream would not take long.

Listed securities: stick with JSE-backed investments
This week Dealstream, a brokerage that dealt in derivatives, had to close doors and clients are likely to lose all money held by the firm. This highlights the importance of the instruments you are investing in and how that relates to the credit risk of the company. Dealstream traded in contracts for difference (CFDs). These are not managed by the JSE and effectively are contracts between two parties, with the brokerage carrying the risk. When trading CFDs, effectively the brokerage firm's credit risk is taken on. Shares or securities, such as single-stock futures, which are traded through the JSE, offer far more protection as there is the backing of the combined balance sheet of all the members of the JSE. Moreover, reputable JSE-registered stockbrokers would keep all clients' assets in a trust account so that they are protected from any claims against the stockbroker. The brokerage would be a member of the JSE Guarantee Fund, which holds assets in excess of R80-million and protects against a member (a stockbroker) defaulting. A client can institute a claim against such a broker through the JSE Guarantee Fund.