Futures.io’s privacy sham

Recently, we were alerted by one of our blog readers to yet another example of blatant shenanigans on the futures.io so-called trading forum, which in reality is a deceptive and criminally negligent vendor business operating behind a facade of a trading forum and targeting the biggest section of every society on the face of planet Earth, and especially so in America, that of idiots and losers.

That this can be quite a profitable business goes without saying. That it can be abusive goes without saying too. After all, who really respects idiots or losers or cares about them? Pretty much no one, including idiots and losers if they can recognize themselves in the mirror. To be frank, we don’t either, except that we also don’t take advantage of them unlike Mikey Big and his ilk. We even try to help them, with predictable results, but at least we are having some positive impact on those a bit smarter or successful, or so we hope.

The shenanigans in questions are not new for we heard about them a few years ago on the EliteTrader.com forum. It’s an old shtick, really, by the measures of futures.io, formerly the Big Mike Trading forum, the same old pattern of abusing the privacy of people using the PM function of the forum in question.

As we learned years ago, Big Mike (Michael Boulter, the criminal in charge of that forum for dipshits and losers) reserves himself the “right” to monitor private messaging of the forum members, especially those he does not completely trust. Of course, this “right” is not disclosed, but, then again, neither is the fact that he is a vendor. It’s not like you can really expect transparency from a pathological liar.

The person that alerted us about this abuse of privacy did so via Twitter’s DM (see the image below that for the sake of privacy hides that person’s Twitter handle).

Here’s what he says in his last direct message (DM):

“Also- When the poster on page 7 was banned for expressing his opinion- all members who communicated with this person via Private Message within BMT were also quietly banned- Indicating to me that Mikey monitors personal private messages especially when members do not agree with his flawed views.”

michael_boulter_futuresio_privacy_shamWell, as they say, the more things change, the more they stay the same. Michael Boulter changed the name of his “forum” from Big Mike Trading to futures.io since the previous name became synonymous with sham, scam, fraud, you name it. Yet, as you would expect from an incorrigible sociopath, his ways of running the “new” “forum” are still the same.

Perhaps it’s not surprising at all that he resorts to monitoring the private discussions of his followers. He is a profoundly insecure loser, running a legally questionable operation, so questionable that he had to move it from Texas to a borderline banana republic of Panama in order to avoid further conflicts with the US law.

But that obviously does not make it right. You have the right to privacy and what he is doing may and should have legal ramifications. Of course, now that he operates his sham business from Panama, he may be even more impudent at violating your rights, which, if you are smart, should be one more reason to boycott his business.

As well as a good reason to keep talking about this and similar shenanigans of his in public. Even more than before. EliteTrader.com is a good place for that. Better than most.

Let us mention once more what we did here on many past occasions, and in this article in particular. Namely, that no other trading forum is as questionable, as blatantly violating social norms we are accustomed to in the West, as futures.io.

While other trading forums may not be better and most of them suck rather badly too, no other trading forum, to the best of our knowledge, has ever been accused of violating the privacy of its members. The only forum we did hear reports of this nature about is futures.io.

For another sham by the same operator check out our previous article.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.

Big Mike’s charity sham

Shortly before last Christmas, Big Mike (Michael Boulter, the fraud in charge of a vendor syndicate masquerading as a trading forum known officially as futures.io or futuresio, formerly the Big Mike Trading forum) decided to organize another charitable action.

This time with some orphans in Ecuador in mind, though those could as well be expensive whores because how can you really be sure how the money he raised was spent. It’s not like a guy with a reputation of a pathological liar can be trusted.

Ecuador is the country where he is now hiding, and where, as we predict, he will be seeking a citizenship status, so that he could never be held accountable for his dubious business practices in the US; Ecuador is not that quick to extradite its citizens. In the US, anyone could sue this guy rather easily, but most people either have not enough time for that or know too well that ultimately it is the lawyers that win.

Still, sued he got, so a precedent has been made and the next case would be more damning for proving a certain pattern of, at the very least, a criminally negligent behavior.

Let us look more closely into Mike Boulter charitable actions scheme because that’s what it really is: a scheme or a recurring gimmick designed to make him look larger than he really is, to manipulate the poor suckers who follow him by appealing to their positive emotions (empathy) and to test the waters time and again to see how many of them still can be conned.

For starters, that’s still the same guy who charges his followers for free indicators, so if you think that this guy has a charitable bone in his body, you are seriously delusional.

Two, no other trading forum does that and hardly any other trading vendor either. Except, of course, those very few who blatantly use it for self-promotion, which is cheap if not disgusting. Those may also like to use religion for the same purpose, as a gimmick to convince their prospective or actual clients that they are somehow better, more trustworthy, more spiritual, or, at least, more deserving of attention. Heck, if they believe in God, how can you possibly not believe them!?

Here’s our truly spiritual advice: avoid businesses and people like that at all costs.

There’s nothing wrong at all about giving to charity, but doing so through a business of a dubious reputation is a bad idea, to say the least. Do it on your own, don’t let anyone exploit your kindness for their own purposes.

Three, and most importantly, this particular charitable action was only for those who are the members of the elite club of imbeciles (see the Twitter image attesting to this below) who paid for the free indicators. In other words, in order to even contribute to this effort, quite noble in principle, you would have to pay $100 first!

futuresio_sham_charity_1Now, if you really wanted to help those poor orphans in Ecuador, would you force people to pay a rather steep charity admission fee first?

That makes no sense at all, unless your goal is not really to help the poor children, but to enrich yourself! To do this via a charitable action is morally disgusting! To do this in the name of orphans is even more, and to do this as a Christmas charity must be offensive to every Christian! If he did it to Muslims, he would now be another Salman Rushdie sans the brains and decency.

We don’t know if there are any laws that prevent this type of “charitable” actions, but we believe that there should be. That smacks of fraud!

Was that Christmas charity initiative of futures.io a success?

Hardly so, to put it rather mildly. Not many, save for totally delusional that you can find anywhere and especially on the forum in question, responded to it. The total collected before Christmas and proudly announced on Twitter was a “staggering” 1364 dollars (see the image below), which, considering that the forum boasted of about 75,000 members back then (with probably at least 50,000 being members of its “elite” part) amounts to less than a dime per head. Wow!
futuresio_sham_charity_2A good trader can make that much (or more) in one good day (check out Dr. Puszkarz’s Twitter feed for evidence of that), and if Big Bozo were as good a trader as he seems to be pretending to be these days (we don’t believe one bit of it and we doubt he even trades at all now that he is far away from the US shores), he would have easily eclipsed this puny amount with his own generous contribution.

Well, he didn’t because generous he is not, and he can’t even fake it! On the contrary, he is disgustingly greedy. An honorable, wealthy person would have never asked for any donations for his or her charitable pet cause unless they would be willing to match each and every of these donations, in the first place.

And if the forum had any profitable traders, this sum would have been much bigger too. That means that either it doesn’t or they simply don’t trust Big Bozo. So much about self-promotion. Looks like it backfired totally. The number of suckers Big Bozo can take for granted appears to be getting smaller and smaller with each of his “charity” events. Even the Christmas one was a failure.

Expect the loser to re-invent the game again, just like he attempted to re-invent his “forum” by changing its name from the one synonymous with fraud to something that may or may not have anything in common with futures; we are certain it has nothing to do with trading them.

Our opinion about the kind of charitable actions that Michael Boulter has been engaging in to boost the morale of his delusional troops and portray himself as a caring man is not different from the opinion of the majority of folks. Not that it matters because we like to be contrarian, but in this case, judging by this article, we are hardly in the minority.

That in turn suggests that either Michael Boulter is totally out of touch with reality or he simply does not care. Well, it is most likely the latter. He doesn’t care because he doesn’t have to. His troops are carefully selected. Only the dumbest and the most obedient are allowed to stay on his forum and bask in the limelight of the “enlightened” ones like Michael Boulter or Harald Steinhaus or others of the same ilk.

Anybody with a feeblest capacity for independent thinking has to go, as evidenced, for instance, by how David Cohen was treated there the moment he found Big Bozo’s actions too reprehensible to keep quiet about it (see this tweet).

It’s a forum for people who believe that Michael Boulter cannot possibly do anything wrong, even though he is the most blatantly transparent fraud in the trading marketplace these days. He is so bad that he had to emigrate from America, the country where illegals roam free, and establish his business in a borderline banana republic of Panama.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.

We pinned a tweet and other Twitter stories

So we pinned a tweet (see the image below). We also added a new category to this blog. It includes posts where Twitter is mentioned in more than a casual manner.

tweet_pinned

The tweet we pinned would not have been possible without Dr. Michael Berman, one of our followers, and we would like to use this opportunity to thank him again.

We may rotate this tweet with some other tweets that we also like, but so far we have no other candidates. It’s not that important and we are quite happy with our original pinned tweet.

Dr. Michael Berman is one of our four Ph.D. followers (others have been been mentioned in this post). While we may not have that many followers, we do have a relatively high number of accomplished people among them. By those we mean folks with a Ph.D., M.D., M.B.A., or similar academic or professional titles.

Of course, everyone can follow us on Twitter and we always reciprocate it, though we reserve ourselves the right not to follow people who have no business to be on Twitter, in our opinion, or who have unfollowed us and then followed us again. The latter are most likely trolls or some other confused or manipulative (even worse) individuals.

But, as a rule, we follow everyone back eventually, meaning we may need some time to reciprocate your following because we do not tend to our Twitter feed that often. Usually, only around the time we post here.

Our Twitter feed is https://twitter.com/TradingLoonies.

A note on integrity

Within 24 hours of writing this piece, Lawrence of Arabia @5minutetrade, unfollowed us; see our Twitter exchange that led to this in the image below (click on it to enlarge it).

LOA_tweet_reply

Let us use this occasion to illustrate what we meant in the post preceding it by “our followers are, in general, the people of high integrity who also tend to be independent thinkers, the total opposite of the crowd that Big Mike attracts.”

This integrity thing really boils down to the willingness of accepting the reality as it is rather than as you would like it to be. We made it really simple.

Some people, and we bet most of those on futures.io fit this profile to a tee, would rather live in their echo chambers, accepting only what they want to hear. Ideally, with extra sugarcoating. Some others, like our favorite German douchebag, hate the reality so badly that they would outright fabricate things to suit their ideas about the world instead of facing it.

Such people, obviously, are incapable of being successful traders. That goes without saying. That is also why futures.io and its leader are the biggest frauds in the trading marketplace: precisely because they target those least likely to succeed at trading.

How would you like a doctor tell you that you have some 20 years to live while you are in the terminal stage of cancer? Probably not much, if you are an honest person.

Well, there’s really little difference between a doctor like that and Michael Boulter, the biggest dream peddler out there, who should know better because he has blown two of his trading accounts already. To allude to our recent tweet, “you need to be a successful trader to understand what it means or takes to be one” or else you are fooling yourself, at the very best, if you think you can help others in their endeavors of becoming one.

When it comes to Michael Boulter, we believe he is no fool. He’s a deliberate fraud.  And as long as there are many people like Lawrence of Arabia who don’t like their myths, prejudices, unwarranted beliefs, and the like, to be challenged by facts, he will feel unchallenged as well.

Futures.io (futuresio) is now under the Panama City jurisdiction

Just as you would probably expect it. Where else could a fraud feel safer than in some borderline banana republic? The US jurisdiction is apparently not safe enough for him. And it shouldn’t be.

Here is a link to the tweet in which we notified you about this latest development in the futures.io (futuresio) further decline from what once might have been a trading forum to an outright criminal vendor syndicate. See also the screenshot below posted here for posterity (click on it to enlarge it).

futuresio_panama_city

We checked out the Big Bozo Twitter feed since October 21, 2015, the date of the last Terms of Use update, and guess what? He did not mention this change. But he did sure mention that he was on a fast (see the screenshot below).

futuresio_fasting

Like anyone really gives a damn about how fat he is. Everybody knows that Big Mike really stands for Fat(head) Mike, no need to tell us all the details. And how professional is it to dump stuff like that into a business Twitter feed? Sounds a bit narcissistic on top of that, to say the least.

Facts versus fiction

One of our Twitter followers, has recently asked us how we knew that Big Mike of the futures.io dubious fame blew two of his trading accounts, to which we had alluded in one of our tweets.

Well, here is a link to this tweet with a little thread that evolved out of it.

We provided evidence for that and, as we thought, it was already on our blog.

Here’s the point of this brief post: when we say something, we do not make shit up. We don’t have to. Facts speak louder than fiction!

See also this piece for an update.

Elitetrader.com folks mention us again

We thought it would be a good idea to reciprocate this by mentioning them here.

Elitetrader.com is probably the best trading forum out there. It’s for the smart crowd, not the type of a trader that would take Big Mike of the futures.io dubious fame seriously.
It is a forum where you can speak freely because its owner is not engaging in any suspect, let alone criminal, activity, and so he does not feel threatened by what is being posted there.

In fact, the Elitetrader.com members tend to be quite critical of Big Mike and his fraud. Big Mike tools were pretty active with their propaganda there, which was officially endorsed by Big Mike (Michael Boulter), who at some point was openly urging his troops to help him out to dispel the bad publicity his “forum” generated, but once Big Bozo got sued, all that manipulative activity seems to have stopped or have diminished significantly. Even his biggest tools finally figured out that the guy is a deranged, reckless, criminal moron, and defending him or his blatantly stupid actions was a totally losing proposition.

The Elitetrader.com members are also quite critical of other vendors, but their criticism is not of the Big Mike kind, which is deliberately malicious and manipulated by Big Bozo to suit his needs for the douchebag in question competes with the people he smears. As do many of the vendors there, and their number is far greater than on any other trading forum making it a real haven for the parasitic vendors because that’s the kind he attracts.

That he refuses to disclose his vendor status, and blatantly manipulates the tone of the discussion there, makes his forum an exercise in criminal conspiracy, though he insists on calling it “freedom of speech” as if the people he and his tools attack were actually allowed to respond to it. Now, that would be the freedom of speech as we understand it and how the Elitetrader.com owner appears to understand it too.

Below are three recent pieces that mention us on Elitetrader.com. Clicking on them will enlarge them.

davidcohen_elitetrader_1

goodvintage_elitetrader_1

goodvintage_elitetrader_2

In the first of them, Dr. Cohen, himself one of our Twitter followers, notices that we have four Ph.D.s among our Twitter followers. Yes, indeed, we do, and that’s one up from the previous count. We proud ourselves on attracting the highly educated crowd, though we do not discriminate against anyone.

But if educated folks follow us, that, we’d like to think, attests to the fact that we  do our homework before we write. In fact, unlike Big Mike and his troops who consistently spread smear, slander and all kinds of other lies, we stick to the facts and back our opinion with them as much as we can, which also means that everything we have said in this piece has already been backed up by many other such pieces (with evidence), dedicated to Michael Boulter and his fraud. Just search this category. Or this one.

David Cohen also points out that the vendors who follow us are of higher quality, more trustworthy than those following the Texan fraud. While we do not endorse any of them, we are inclined to agree with that statement too. We would certainly not trade them for those who follow Big Bozo. We intend to look into the business of the latter in due time. There is plenty not to like about some of them.

We believe that our followers are, in general, the people of higher integrity who also tend to be independent thinkers, the total opposite of the crowd that Big Mike attracts. We would like to thank them for following us on Twitter, for following this blog, and for spreading our message. Unlike Big Mike, we have nothing to sell. We only offer honest, free advice, and it’s entirely up to you to judge its value –  we will not ban you if you disagree with it. Unlike, again, guess who?

Thanks again to the folks at Elitetrader.com and to all of our Twitter followers for being the best Twitter followers out there.

Our Twitter feed is here. And, don’t forget that we follow back!