Mr. Moskowitz has done almost the exact same thing to me.
I met Mark Moskowitz in late January of 2013 while working at a prop-trading firm in Short Hills,NJ. I sat next to him and he taught me the basics of his Camarilla Pivot Point Trading methodology. I then took his formal online Skype class at daytradewell.com for $3,000+ and paid for some time in his chat room. I thought he was a very nice guy who really knew how to trade and I really trusted him. He prided himself on his ability to manage risk and he always seemed to make money while I was struggling at day trading. He had claimed that he was a former hedge fund manager with terrific, consistant returns. He made some terrific calls (and some really bad ones) that I acted on in the time that I have known him.
So in late September of 2013, Mark had told me that he was starting a small fund Edge Trading LLC for mostly family and friends. Mark and his brother David were investing their own money and I thought he told me his father was investing something like $1,000,000. My understanding was that his own family had a very significant investment in the fund. The minimum investment was $250,000 but Mark said that I could invest $100,000 for myself and $100,000 for my minor son. My son and I would each own 1.9% of the fund. He explained that there was an 18 month lockup period, which I understand is standard practice in the hedge fund business. After the 18 month lockup period, I can request withdrawals quarterly, but it takes 30 to 45 days from the end of the quarter for the funds to be sent. Mark sent me the prospectus, which is standard boilerplate and explains that the hedge fund is risky and that it is possible to lose the entire investment. Mark had mentioned so many times that he was an expert at risk management, so I wasn't too worried and I signed it. His fee was 30% of net profit, which I understand is fairly standard in the industry
So then he started sending quarterly "statements" showing that my profit was $57,000+ after 6 months on each of my $100,000 accounts. I thought WOW! This guy is good. I should have given him ALL of my money..... Well, thank goodness I didn't do that.... His statements were hand-typed MS Word documents. I had asked multiple times for actual trade reports from his broker, but he never sent them. I still spoke with Mark occasionally and he would send me e-mails with stocks that he and his brother (a pharmaceutical analyst on Wall Street) liked. Some worked well, some really hurt me, but he did keep in touch.
So, in late March of 2015, I needed cash, so I requested a withdrawal of $57,000 from each account - most of the profits. I would keep the initial investments working for me. Mark's response was "OK, but I don't know why you would take money away from the guy who's making you money..." But I needed the money, so I filled out the Withdrawal Request and e-mailed it back to him. That comment made me very suspicious. At the end of the quarter in July, I submitted a FULL withdrawal request, as I no longer had any confidence in Mr. Moskowitz. It has been over 6 months since I requested the initial withdrawal and to date, I have received nothing...
From that point on, Mark has continually lied and lied and lied to me - just like Jacob explained. I had to get a special form notarized and sent back. Payment dates were from used and missed. He promised to meet me and give me the checks, only to cancel the meetings last minute due to "UBS Legal putting a hold on the payment". Then he said his funds were all tied up as he was waiting for a sale on Real Estate that wasn't going through - that he may have to file legal action which would delay the payment even further. I told him that I wanted an interest free personal loan. At first he said he couldn't as 90% of his funds were tied up, but then he said he was wiring $20,000 from his personal account at TD Bank. He told me that he put the wire through and was getting me a Federal Tranfser ID... No money was ever wired.
Mark has lied to me so many times, it’s ridiculous. The last I heard from him was last Friday, August 21. He had “Guaranteed" that I would receive the initial distribution of $57,000 x 2 and a K1 Statement on the 20th. Money was to be wired to both accounts. He said he was at the branch on the 20th and meeting with the branch manager. There was a screw-up with UBS and they sent an ACH instead of a wire, but TD would be able to get the wire out and waive the 3 day delay period. ALL LIES!!… I e-mailed him that night and asked him if he really initiated the wire and if he has proof. He said YES, and YES - the wire was initiated and he would check his account to see if the funds left. He lied - AGAIN…. No wire was received. I have not heard from him since.
I signed up for Mark Moskowitz's day trading class in early 2016. It was interesting, but all the other items he told me that went along with my fee never materialized. He would abruptly cancel meetings, giving no explanations, stopped producing his daily news digests, didn't return phone calls or emails, and has yet to respond about the money I gave him to invest.
He comes across as a regular guy, not arrogant, eager to help educate people about investing, but something is else is up and I can't figure out what it is.
He was very eager to get my check, offering to come to my home to pick it up, but displayed none of the eagerness in following through with what I paid him to do.
He currently has $50K of my money that he said he would manage. I am not sure of my next step.
Friendly, Knowledgeable, and Utterly Untrustsorthy
I met Mark Moskowitz at a seminar and was really impressed with his demeanor - not pushy, not sales-y, not the typical Wall Street type I've dealt with for years. He recommended I take one of his investment courses and along with that he would provide me with suggestions on what funds to purchase. I took the course and despite repeated attempts to meet about funds, he continually cancelled each meeting, often minutes beforehand. He schedules webinars - one, two and/or three nights - and cancels one hour before the scheduled time.
No reasons are given for any of the cancellations, just a "sorry" and "it will be rescheduled." He is bright, knows how to trade, but there's much more going on beneath the surface and I suspect none of it is good. Don't invest your money with him. Chat with him, talk shop, but don't sign up for anything and do not give him any money whatsoever. You will not get back what he promises and you'll be frustrated and annoyed with yourself for believing him.
He's no Madoff in my opinion; he just has no follow-through, does not make any clients a priority, and definitely has something going on that takes precedence over his business.
I met Mark Moskowitz when he came into my companies office to speak to a group of reps regarding his Trading school. I met him at a diner a week later. He
promised that he had a relationship with a woman named Donna from South Orange who was getting divorced ,and had between $1.4mm- $1.7mm to invest.
I had to sign up for his trading school and chat rooms which cost me approximately $5,200.00. Mark promised me a STREAM of leads from his trading relationships,and I never got one.
I did have access to his daily trading webinars and did have access to a few of his night time trading classes. 70% of more of the nightly classes were cancelled due to various reasons. My $5k membership included 2 hours of weekly private sessions, of which I never had a single one. My story doesn't come close to the others that dealt with hundreds of thousands of dollars, but I feel like a fool that I didn't even use Google to check him put ,before paying him..
When I confronted him ,his only response was "good luck to you"'.
His office is small desk, surrounded by legal files, inside of a law firms office. I should have known better.
In 2011 I started studying stock Day Trading with Mark Moskowitz and his company Day Trade Well. after studying with him for about a year he told me that he was starting an investment fund, under the name Edge Trading LLC using his proprietary trading strategy and he offered to let me invest in the fund. By August of 2012 I had invested $100,000. This was set up as a long term investment fund with a 30% fee on any gains, payable when I withdrew money from the fund.
He also offered to day trade for me. I gave him $100,000 which he traded for me. My wife had recently suffered a traumatic brain injury and could no longer work. The returns Mark was offering were so good I accepted his offer. I paid a monthly fee and a commission based on monthly earning. He sent me a monthly check with a statement of the fees and earnings.
I thought I knew Mark Moskowitz and I trusted him. I entrusted him with 90% of my wife’s and my life savings. Now we are forced to sell our home because he will not return our money.
On March 19, 2015 I requested a disbursement of $15,000 from the long term fund at Edge Trading LLC. This normally takes 30 to 45 days. I frequently enquired and was advised by Mark that there was a paperwork problem and a confusion with another equity fund. I signed the paperwork and was told I would receive the disbursement the following week, the week of June 8, 2015. The check never arrived and Mark became less communicative and more difficult to contact. I became very anxious about Mark Moskowitz’s integrity and the safety of our money. I requested that all of my accounts be closed and the funds disbursed to me. He never provided the paperwork to close the accounts
Mark Moskowitz finally gave us a check for $15,000 on Monday June 15, 2015 and the check bounced. He gave a vague explanation of the problem as some sort of litigation but would provide no details or any other individual, attorney, fund manager, who could corroborate his story and confirm the existence of the accounts that were holding our money. He said he would fix the problem and get us the funds which he never did. He made a number of commitments for dates we would have the money and to date he has never kept any of those commitments.
At this time Edge Trading LLC, Mark Moskowitz owes us $15,000 that I requested in March 19, 2015 plus the balance of our funds which totals approximately $230,000.
Edge Trading LLC Reviews
Mr. Moskowitz has done almost the exact same thing to me.
I met Mark Moskowitz in late January of 2013 while working at a prop-trading firm in Short Hills,NJ. I sat next to him and he taught me the basics of his Camarilla Pivot Point Trading methodology. I then took his formal online Skype class at daytradewell.com for $3,000+ and paid for some time in his chat room. I thought he was a very nice guy who really knew how to trade and I really trusted him. He prided himself on his ability to manage risk and he always seemed to make money while I was struggling at day trading. He had claimed that he was a former hedge fund manager with terrific, consistant returns. He made some terrific calls (and some really bad ones) that I acted on in the time that I have known him.
So in late September of 2013, Mark had told me that he was starting a small fund Edge Trading LLC for mostly family and friends. Mark and his brother David were investing their own money and I thought he told me his father was investing something like $1,000,000. My understanding was that his own family had a very significant investment in the fund. The minimum investment was $250,000 but Mark said that I could invest $100,000 for myself and $100,000 for my minor son. My son and I would each own 1.9% of the fund. He explained that there was an 18 month lockup period, which I understand is standard practice in the hedge fund business. After the 18 month lockup period, I can request withdrawals quarterly, but it takes 30 to 45 days from the end of the quarter for the funds to be sent. Mark sent me the prospectus, which is standard boilerplate and explains that the hedge fund is risky and that it is possible to lose the entire investment. Mark had mentioned so many times that he was an expert at risk management, so I wasn't too worried and I signed it. His fee was 30% of net profit, which I understand is fairly standard in the industry
So then he started sending quarterly "statements" showing that my profit was $57,000+ after 6 months on each of my $100,000 accounts. I thought WOW! This guy is good. I should have given him ALL of my money..... Well, thank goodness I didn't do that.... His statements were hand-typed MS Word documents. I had asked multiple times for actual trade reports from his broker, but he never sent them. I still spoke with Mark occasionally and he would send me e-mails with stocks that he and his brother (a pharmaceutical analyst on Wall Street) liked. Some worked well, some really hurt me, but he did keep in touch.
So, in late March of 2015, I needed cash, so I requested a withdrawal of $57,000 from each account - most of the profits. I would keep the initial investments working for me. Mark's response was "OK, but I don't know why you would take money away from the guy who's making you money..." But I needed the money, so I filled out the Withdrawal Request and e-mailed it back to him. That comment made me very suspicious. At the end of the quarter in July, I submitted a FULL withdrawal request, as I no longer had any confidence in Mr. Moskowitz. It has been over 6 months since I requested the initial withdrawal and to date, I have received nothing...
From that point on, Mark has continually lied and lied and lied to me - just like Jacob explained. I had to get a special form notarized and sent back. Payment dates were from used and missed. He promised to meet me and give me the checks, only to cancel the meetings last minute due to "UBS Legal putting a hold on the payment". Then he said his funds were all tied up as he was waiting for a sale on Real Estate that wasn't going through - that he may have to file legal action which would delay the payment even further. I told him that I wanted an interest free personal loan. At first he said he couldn't as 90% of his funds were tied up, but then he said he was wiring $20,000 from his personal account at TD Bank. He told me that he put the wire through and was getting me a Federal Tranfser ID... No money was ever wired.
Mark has lied to me so many times, it’s ridiculous. The last I heard from him was last Friday, August 21. He had “Guaranteed" that I would receive the initial distribution of $57,000 x 2 and a K1 Statement on the 20th. Money was to be wired to both accounts. He said he was at the branch on the 20th and meeting with the branch manager. There was a screw-up with UBS and they sent an ACH instead of a wire, but TD would be able to get the wire out and waive the 3 day delay period. ALL LIES!!… I e-mailed him that night and asked him if he really initiated the wire and if he has proof. He said YES, and YES - the wire was initiated and he would check his account to see if the funds left. He lied - AGAIN…. No wire was received. I have not heard from him since.
Release of Your Funds
Have you ever received the redemption proceeds from your investment made in the above referenced fund?
Smart, Knowledgable and Not Trustworthy
I signed up for Mark Moskowitz's day trading class in early 2016. It was interesting, but all the other items he told me that went along with my fee never materialized. He would abruptly cancel meetings, giving no explanations, stopped producing his daily news digests, didn't return phone calls or emails, and has yet to respond about the money I gave him to invest.
He comes across as a regular guy, not arrogant, eager to help educate people about investing, but something is else is up and I can't figure out what it is.
He was very eager to get my check, offering to come to my home to pick it up, but displayed none of the eagerness in following through with what I paid him to do.
He currently has $50K of my money that he said he would manage. I am not sure of my next step.
Friendly, Knowledgeable, and Utterly Untrustsorthy
I met Mark Moskowitz at a seminar and was really impressed with his demeanor - not pushy, not sales-y, not the typical Wall Street type I've dealt with for years. He recommended I take one of his investment courses and along with that he would provide me with suggestions on what funds to purchase. I took the course and despite repeated attempts to meet about funds, he continually cancelled each meeting, often minutes beforehand. He schedules webinars - one, two and/or three nights - and cancels one hour before the scheduled time.
No reasons are given for any of the cancellations, just a "sorry" and "it will be rescheduled." He is bright, knows how to trade, but there's much more going on beneath the surface and I suspect none of it is good. Don't invest your money with him. Chat with him, talk shop, but don't sign up for anything and do not give him any money whatsoever. You will not get back what he promises and you'll be frustrated and annoyed with yourself for believing him.
He's no Madoff in my opinion; he just has no follow-through, does not make any clients a priority, and definitely has something going on that takes precedence over his business.
Promises not kept
I met Mark Moskowitz when he came into my companies office to speak to a group of reps regarding his Trading school. I met him at a diner a week later. He
promised that he had a relationship with a woman named Donna from South Orange who was getting divorced ,and had between $1.4mm- $1.7mm to invest.
I had to sign up for his trading school and chat rooms which cost me approximately $5,200.00. Mark promised me a STREAM of leads from his trading relationships,and I never got one.
I did have access to his daily trading webinars and did have access to a few of his night time trading classes. 70% of more of the nightly classes were cancelled due to various reasons. My $5k membership included 2 hours of weekly private sessions, of which I never had a single one. My story doesn't come close to the others that dealt with hundreds of thousands of dollars, but I feel like a fool that I didn't even use Google to check him put ,before paying him..
When I confronted him ,his only response was "good luck to you"'.
His office is small desk, surrounded by legal files, inside of a law firms office. I should have known better.
be careful.
In 2011 I started studying stock Day Trading with Mark Moskowitz and his company Day Trade Well. after studying with him for about a year he told me that he was starting an investment fund, under the name Edge Trading LLC using his proprietary trading strategy and he offered to let me invest in the fund. By August of 2012 I had invested $100,000. This was set up as a long term investment fund with a 30% fee on any gains, payable when I withdrew money from the fund.
He also offered to day trade for me. I gave him $100,000 which he traded for me. My wife had recently suffered a traumatic brain injury and could no longer work. The returns Mark was offering were so good I accepted his offer. I paid a monthly fee and a commission based on monthly earning. He sent me a monthly check with a statement of the fees and earnings.
I thought I knew Mark Moskowitz and I trusted him. I entrusted him with 90% of my wife’s and my life savings. Now we are forced to sell our home because he will not return our money.
On March 19, 2015 I requested a disbursement of $15,000 from the long term fund at Edge Trading LLC. This normally takes 30 to 45 days. I frequently enquired and was advised by Mark that there was a paperwork problem and a confusion with another equity fund. I signed the paperwork and was told I would receive the disbursement the following week, the week of June 8, 2015. The check never arrived and Mark became less communicative and more difficult to contact. I became very anxious about Mark Moskowitz’s integrity and the safety of our money. I requested that all of my accounts be closed and the funds disbursed to me. He never provided the paperwork to close the accounts
Mark Moskowitz finally gave us a check for $15,000 on Monday June 15, 2015 and the check bounced. He gave a vague explanation of the problem as some sort of litigation but would provide no details or any other individual, attorney, fund manager, who could corroborate his story and confirm the existence of the accounts that were holding our money. He said he would fix the problem and get us the funds which he never did. He made a number of commitments for dates we would have the money and to date he has never kept any of those commitments.
At this time Edge Trading LLC, Mark Moskowitz owes us $15,000 that I requested in March 19, 2015 plus the balance of our funds which totals approximately $230,000.
Receipt of your Funds?
Have you ever received your funds requested?