In an exclusive interview with Daily News, Yuri Dominguez the Cuban National behind the alleged Ponzi scheme is seeking patience from those persons who have not received monies from the company, Accelerated Capital Firm, (ACF).
Dominguez explained that he has been paying persons profits from their investments. He noted that there are some 3000 persons who have not received monies as yet. The situation arose from his incarceration by the State.
While being locked up, ACF was losing monies from the its trading account, upon his release; the company lost millions of GYD dollars (Information shared by the company’s attorney, Dexter Todd with some of the media houses, previous weeks ago). Dominguez said he needs some five to six weeks to diminish the current opened positions in negative that are preventing the withdrawals of the balance.
The way moving forward is to open new positions and close it in profits to compensate those opened positions that are in negative, technically speaking, taking the operations to break even.
The company is saying that its trading account is in deficit and its investors stand to lose 68.5 percent of their money if the positions are closed in the current state. The account already suffer a devastated loss in August, and added to that losing these opened positions, that would be catastrophic.
According to Dominguez, the monies he collected from investors have been put into a trading account according to the contract agreement and traded as agreed. Dominguez further noted that he needs the timeframe of the six weeks in order to compensate the losses and be able to start delivering payment dates to the company clients. After profits are made, he would then withdraw those funds in Bitcoins and convert it into USD and then transfer into the company accunts to pay Accelerated Capital Firm’s clients.
The question arose, is he buying time with continued promise to return people’s monies? The support once enjoyed by the accused Ponzi scheme trader, is completely lost as thousands now demand their invested monies.
The CEO of Accelerated Capital Firm states that not 17,000 clients lost their moneys. An estimate of 3000 clients have not collected profits and for those reasons the clients chose to close agreements with the company. Those are the ones that will be priority in the next disbursments by Accelerated Capital Firm.