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4x Dat review: You will only lose your money 38

Z
Author of the review
3:33 pm EST
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I won’t advise you to deal with the company 4x Dat, because this company is scam and you will only lose money. I bought shares from this company, and the representative of this company promised that after 5 years I would receive great amount of money. We communicated all this time, but they didn’t return money back. Please leave comments about this website, because people should be aware when they deal with such irresponsible people.

38 comments
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Simon Larkman
Den Haag, NL
Oct 20, 2022 11:39 am EDT

https://edocket.azcc.gov/search/docket-search/item-detail/25871

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Tiago Santos
, US
Jun 21, 2023 6:06 am EDT
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Hi Simon,

Do you have any kind of new information about the case?

Last information I have is the available on the docket from 27 march.

Thanks in advance.

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Richard99
Almere, NL
Jun 21, 2023 2:27 pm EDT
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Dear Tiago,

Check my reply to Everest55.

Kind regards,

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Tiago Santos
, US
Jun 21, 2023 6:22 pm EDT
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Replying to comment of Richard99

Many thanks

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Tiago Santos
, US
Nov 02, 2023 4:38 pm EDT
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Replying to comment of Richard99

Hi again,

Do you have any updates?

Thanks.

Best regards,

Tiago Santos

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Richard99
Almere, NL
Nov 03, 2023 7:13 am EDT
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Dear Tiago,

Not really.

As far I understand from email exchange with Arizona General Attorney Office (AGAO) they do not know which AFX/Mr. Nemeth's assets to charge.

Lately we found out the Mr. Joseph Nemeth was intending to attend the Dubai Forex Fair end October.

I sent him a LinkedIn message that we could meet, he replied that he was happy to meet me and that I should not worry about my AFX funds.

Since Mr. Joseph Nemeth seems to be active International we informed AZCC and AGAO, no response.

Someone asked I they could inform Interpol but the replied they can't advise.

Some people form The Netherlands filed a official police report and considering the next step how to get Interpol involved.

I'm thinking to wait till 15 March 2024 to see what AGAO comes up with before any other step.

But me and some others are considering to get Victim support The Netherland to get help.

Richard

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Everest55
, FI
Sep 04, 2022 5:22 pm EDT
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Hi guys,

I am from Europe and I invested my saving in Automatafx and these days their email is not working.

Do you really think that Mr Joseph N will send our money back?

I don't know how things work and how to contact and how to follow them? And what is AZCC and where is it?

I am just wondering what is happening with the company?

Rebecca B. Mason
Rebecca B. Mason
Eagle, US
Sep 04, 2022 6:31 pm EDT
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Replying to comment of Everest55

Are you a victim of Automata Fx too? After investing over $45,000 into Automata Fx Trading company, My profit grew to $101k, I tried withdrawing but no way, I tried all means to contact support but support line dead.

After a while, the website shutdown. I really felt frustrated, At the train station last month, i saw a news about Paige McCubbin, Her Telegram name : ( paigecubbin ) appeared on the screen, I immediately contacted her on telegram on my way home.

It took her 4 days to recover my money from Automata Fx Trading company including the profit.

Try to contact her if you haven't been able to access your funds...

I will upload a screenshot of the wire transfer i received today.

View 0 more photos
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Richard99
Almere, NL
Jun 21, 2023 2:08 pm EDT
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Replying to comment of Everest55

Dear Everest55,

AZCC means Arizona Corporation Commission and they have the power to issue an Order To Cease and Desist any AFX activities by Arizona laws, see AZCC's S-21156A-21-0165 Docket control.

AFX agreed and signed off somewhere around 15 March 2023 and should pay AZCC $ 4,766.465.85 restitution along with a $ 100.000 penalty.

AZCC shall disburse the funds on a pro-rata basis to investors shown on the records of the Commission.

If the respondents (Joseph Nemeth - AFX) do not pay on that date, it is sent to the Attorney General’s Office for collections.

AZCC has no control over the Attorney General’s Office collections process.

People should find out the Attorney General’s Office S-21156A-21-0165 collections status.

Somethings that come to mind.

Did they make an agreement with AFX and will it be paid and when?

Are there costs involved and to be paid by who?

We had a long road with AZCC to get where we are now.

Do we have to go another long road with the Attorney General’s Office?

Be advised to check with AZCC if your name is on their records, Jerry Lowe .

Kind regards,

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Richard99
Almere, NL
Jun 21, 2023 2:18 pm EDT
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Replying to comment of Richard99

Sorry something went wrong.

Jerry Lowe should be:

Jerry Lowe

Special Investigator

Desk: 602.542.0173 Fax: 602.714.8120

E-mail: JELowe@azcc.gov

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Richard99
Almere, NL
Jun 23, 2023 2:31 am EDT
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Replying to comment of Richard99

Collections

19:56 (12 hours ago)

to me, [edited]

Mr. [edited],

The Corporation Commission has referred the Order to the collections section of the Attorney General’s office who uses all methods allowed by law to collect from the Respondent(s) all monies due the state in accordance with the Administrative Order issued. Experienced collections staff obtains information regarding the respondent’s assets. If the Respondent has assets the state may place a lien on those assets. If the Respondent(s) are employed, the state may seek to garnish any wages. The Commission is awaiting notification and transfer of any monies collected by the Attorney General’s office on this Order to be able to make a disbursement. We have your contact information and when money is available for disbursement you will be notified. There is nothing you need to do at this time except to notify our office if your contact information should change in the future.

If you have any further questions or concerns please feel free to contact me.

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Richard99
Almere, NL
Jun 25, 2023 3:15 am EDT
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Replying to comment of Richard99

Collections

22 Jun 2023, 19:56 (3 days ago)

to nn ... nn

Mr. nn,

The Corporation Commission has referred the Order to the collections section of the Attorney General’s office who uses all methods allowed by law to collect from the Respondent(s) all monies due the state in accordance with the Administrative Order issued. Experienced collections staff obtains information regarding the respondent’s assets. If the Respondent has assets the state may place a lien on those assets. If the Respondent(s) are employed, the state may seek to garnish any wages. The Commission is awaiting notification and transfer of any monies collected by the Attorney General’s office on this Order to be able to make a disbursement. We have your contact information and when money is available for disbursement you will be notified. There is nothing you need to do at this time except to notify our office if your contact information should change in the future.

If you have any further questions or concerns please feel free to contact me.

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Tiago Santos
, US
Aug 21, 2023 3:25 pm EDT
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Replying to comment of Richard99

Dear Richard99,

Do you have any news about this?

Many thanks,

Tiago Santos

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Richard99
Almere, NL
Aug 21, 2023 3:45 pm EDT
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Dear Tiago,

Last message I received from Arizona Attorney General:

Good afternoon:

Your email of June 21, 2023, was forwarded to me for review. Please know that this file is an open and active file with the Arizona Attorney General’s office and we will pursue any available collection opportunities. Should you learn at any time information about assets, please feel free to provide me the information. Thank you.

Sincerely,

I think it means no good news because they don't know where to collect the money.

I've provided with every AFX bank account I know but no response.

Richard

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Michael Biron
, US
Jun 18, 2022 11:35 am EDT

Any body has news about Automata Fx ?

MB

2022 /06 /18

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Richard99
Almere, NL
Jun 28, 2022 3:00 am EDT
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Hi Michael,

18 - 26 July there will be meeting with AFX authorny and AZCC at AZCC with 5 witnesses.

Joseph Nemeth and some witnesses via webex if available.

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Richard99
Almere, NL
Aug 14, 2022 5:39 am EDT
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Anybody invested money in AutomataFX (AFX) is advised to file a formal complaint at Arizona Company Commission (AZCC).

Check this out: https://edocket.azcc.gov/search/docket-search/item-detail/25871

(Note: not all complaints are public and visible via this link, there are more, maybe much more)

A hearing will take place at AZCC in the week 43 and five (5) witnesses are identified.

AFX client care email address is no longer available.

AFX webpage www.automataFX.com is no longer available.

To file a complaint, please go to this site and click on the blue colored “Complaints” button.

http://www.azcc.gov/securities/investor-complaints-and-reporting/investor-complaints

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Richard99
Almere, NL
Jan 26, 2022 7:29 am EST
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@All, yesterday AFX and ACC administrative law judge supposed to have a (video?) conference call.

Does anybody have any update?

I'm unable to open ACC webpage to see if any documents are added: https://edocket.azcc.gov/search/docket-search/item-detail/25871

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Benjamin20
, US
Jan 31, 2022 12:54 am EST
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Replying to comment of Richard99

Hi Richard99, I called in and listened to it… not much happened. The call ended within 10 or 15 minutes or so. AFX’s lawyer is asking for “in-person” hearing, and judge granted it. The actual hearing is scheduled over 7 day period— starting July 18, 2022.

Richard, have you received any funds from AFX? By now, my understanding is that people should have received the first batch of withdrawal?

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Richard99
Almere, NL
Jan 31, 2022 3:03 am EST
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Replying to comment of Benjamin20

Hi Benjamin20,

Was able to open ACC webpage a hearing at ACC offices is scheduled for 18 July till 26 July is needed.

I've not heard of any lately received withdrawal the last was somewhere in April 2021 if I remember correctly. I'll ask client service about any news.

As far as I know we are in the second batch, received email from Joseph Nemeth, expecting to materialize when Q4/2021 result are issued but not later than March 30.
Assuming Joseph new account has generated enough profit.

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Richard99
Almere, NL
Jan 31, 2022 11:38 am EST
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Replying to comment of Richard99

Hi Benjamin29,

Reply client service no withdrawal till Ceased and Desist is lifted.

Consider this as bad news.

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Richard99
Almere, NL
Feb 01, 2022 5:37 am EST
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Replying to comment of Richard99

Sorry for the typo.

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Benjamin20
, US
Feb 01, 2022 9:10 am EST
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Replying to comment of Richard99

Hi Richard99, thank you for your update. Definitely a bad news. Joseph Nemeth and his companies are very dishonest. I also emailed GLPT’s lawyer, and the lawyer confirmed that someone ‘forged’ a lawyer letter: https://www.otcmarkets.com/otcapi/company/financial-report/296101/content

This letter was forced by someone — we could probably guess who it was.
The letter was originally published on otcmarket: https://www.otcmarkets.com/stock/GLPT/disclosure

Forging these letters (this letter says there are no pending litigations or investigations, which is just not true) is a crime, and in my eyes, Joseph Nemeth and his companies are criminals.

I am not very hopeful that we will ever see our money back.

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Richard99
Almere, NL
Feb 14, 2022 9:51 am EST
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Replying to comment of Richard99

Hi Benjamin20,

Thanks for the OTC links, its helpful.

We know and AFX confirmed someone filed a formal complaint via ACC I believe.

If also filed a formal complaint but to AFX internally only.

As reply I've received a personal email from Joseph Nemeth with the same text as in the later issued AFX three (3) Client Agreement Amendments.

The last is of December 01, 2022 where an Automatic Account Withdrawal plan will start after Q4/2021 results are issued or not later than March 15, 2022.

However, now ACC has issued a Cease and Desist order no withdrawal will take place until this order is lifted.

Perhaps if AFX will manage to get a bank account the Cease and Desist order will be lifted.

I guess a Administration Law Judge will not be able to order any bank to provide AFX a bank account.

So it looks like the chicken and egg problem to me.

Of course all of this doesn't look good but still JN is not running away from it, what gives me some hope.

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Richard99
Almere, NL
May 02, 2022 6:45 am EDT
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Replying to comment of Richard99

Dear All,

AFX Client Care email address doesn't exist any longer.

Money is transferred from the three Master Account elsewhere while withdrawal are not possible.

Joseph Nemeth does not answer email regarding these transfers.

If you invested in an AFX Managed Account and/or bought a license to use AFX trading platform be advised to register at ACC webpage and file a complaint.

https://efiling.azcc.gov/

The more complaints the better, would be nice if you would testify as well.

Richard

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Benjamin20
, US
May 18, 2022 1:35 am EDT
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Replying to comment of Richard99

Dear Richard99, thank you for your information. I will look to file a complaint as well. On the other hand, I would also ask you and others to make a complaint to Global Profit Technologies (GLPT)'s CFO Brian Duling. His email address is: "bduling@cameoglobal.com". In GLPT's publicly available annual and quarterly reports (https://www.otcmarkets.com/stock/GLPT/disclosure), the CFO has published reports saying that GLPT is not involved in legal proceedings... but I don't believe this is true. In my opinion, GLPT is involved in legal proceedings, related to Automata FX. Also, stopped operation of Automata FX should be material for GLPT. So in the annual and quarterly reports, the CFO has omitted important and material disclosures relating to Automata FX. In the long run, we should also pressure CFO Brian Duling's current employer "Cameo Global Inc" to fire him, because this CFO is involved in fraudulent activities in GLPT and Automata FX. In my opinion Brian Duling is another person involved in this fraud, who is helping Joseph Nemeth. I have written an email to Brian Duling, asking him to stop helping Joseph Nemeth and stop working on GLPT and Automata FX.

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Bernard1000
, US
Dec 07, 2021 11:48 pm EST
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Joseph Nemeth and his companies, Automata FX, GLPT, ICU coin, Democracy App, are a fraud and have currently been charge with Fraud. Refer to Arizona Corporation Commission Securities Division (AZCC) notice of 28 May 2021, that Nemeth must Cease & Desist such activities, since it violates laws w.r.t. the; Offer & Sale of unregistered Securities, and a Unregistered Dealer or Salesmen, and Fraud in connection with Offer or Sale of Securities. Refer to link below and png file attached

https://edocket.azcc.gov/search/docket-search/item-detail/25871

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Richard99
Almere, NL
Dec 08, 2021 6:20 am EST
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Dear Bernard1000,

I heard from a lawyer fraud when a judge has determine it's fraud only.

The rest is correct, Cease & Desist and come up with a solution/relief plan.
I see it as good news that Joseph Nemeth agrees to be Managing Director of AFX and is not running away from it.
AFX has made a Client Agreement Amendment effective September 01, 2021 with a Managed Account Withdraw/Liquidation Scheme starting December 15, 2021.

In a couple of days we will know if this Amendment will materialize or not and AFX Withdrawal/Liquidation Scheme will be executed as well.

Keep fingers crossed!

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Richard99
Almere, NL
Nov 29, 2021 6:27 am EST
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TATE OF ARIZONA
County of Maricopa
)
)
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l. Thursday, October 21, 2021, Affiant caused to be mailed an envelope containing one copy
of the TEMPOR AR Y OR D ER TO C EASE AN D D ESIST AN D N OTIC E OF
2.
3. Mr.
OPPORTUNITY FOR HEARING, ("Notice") Docket No. S-2l 156A-21-0165, dated May
28, 2021, to Respondents Automata FX, LTD and Joseph T Nemeth. The envelope was
addressed to Joseph Nemeth, Managing Director, Automata FX, LTD, 9393 N 90"' St, Suite
102-344, Scottsdale, Arizona, 85258. The item was sent via United States Postal Service
("USPS") certified mail 7010 [protected] 1750 7902.
During an October 12, 2021 telephone conversation between Joseph Nemeth ("Mr. Nemeth")
and Affiant, Mr. Nemeth stated that the Securities Division could serve the Notice on
Automata FX, LTD by mailing the notice to his attention as Managing Director at the above
address. During that telephone conversation A$ant advised Mr. Nemeth that this mailing,
and his acceptance of the mailing, would constitute official service of the Notice to Automata
FX, LTD..
During a November 10, 2021 telephone conversation between Mr. Nemeth and Affiant,
Nemeth confirmed that his girlfriend had picked up his mail from the above address, and that
he had received the Notice.
1
2
3
4 I, Jerry Lowe, Special Investigator for the Securities Division of the Arizona Corporation
5 Commission, ("Affiant") hereby swear and affirm to the following:
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8
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10
l l
12
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15
16
17
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21
22
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26
ACC - Docket Control - Received 11/16/2021 10:20
ACC - Docket Control Docketed 11/16/2021 10:54 AM
I
/5 Adv lb) I
AF AN DATE
/~/ SUBSCRIBED AND SWORN TO BEFORE me this /I f day of November 202 l .
46/
NOTARY PUBLIC
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1 Further affiant sayeth not.
2
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6
7 My Commission Expires:

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Richard99
Almere, NL
Oct 31, 2021 8:15 am EDT
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Dear all,

AFX issued an client agreement amendment September 1-st, 2021 with a full withdrawal scheme.
If this fails hell will break loose.

Take care,

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Richard99
Almere, NL
Oct 31, 2021 8:11 am EDT
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Dear Jeff,

From ARIZONA CORPORATION COMMISSION: (NEW APPLICATION FORM)

PART IX.
3 REQUESTED RELIEF
4
5 1.
6
7 2.
8
9
The Division requests that the Commission grant the following relief:
Order Respondents to permanently cease and desist from violating the Securities Act.
pursuant lo A.R.S. §44-2032:
Order Respondents to take affirmative action to correct the conditions resulting from
Respondents acts. practices, or transactions, including a requirement to make restitution pursuant to
A.R.S. § 44-2032;
10 3.
I I
12 4.
Order Respondents to pay the state of Arizona administrative penalties of up to five
thousand dollars ($5.000) for each violation of the Securities Act, pursuant to A.R.S. §44-2036:
Order any other relief that the Commission deems appropriate.

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Richard99
Almere, NL
Oct 30, 2021 4:19 am EDT
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Dear Jeff,

Would you be so kind to explain what is AFFIDAT OF SERVICE delivered to Joseph T. Nemeth, 9393 N 90th St. Suite 102-344, Scottsdale, Arizona, 85258 .

I've sent a copy to Joseph Nemeth email address as well, so far no answer.

***********************************************************************************************
Thursday, June 24, 2021, Alliant caused to be mailed an envelope containing one copy of
the TEMPORARY ORDER TO CEASE AND DESIST AND NOTICE OF OPPORT UNIT Y FOR HEARING, Docket No. S-21 156A-21-0165, dated May 28, 2021,
Respondents Automata FX, LTD and Joseph T Nemeth.
***********************************************************************************************

Did the hearing took place and what is the result.
Do you have any result of that.

Please advise,

Richard

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Richard99
Almere, NL
Oct 30, 2021 4:11 am EDT
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Dear Jeff,

Would you be so kind to explain what is AFFIDAVIT OF SERVICE delivered to 9393 N90th St. Suite 102-344, Scottsdale Arizona 85258. I've forwarded it to Joseph Nemeth email address as well, So far no answer.

TEMPORARY ORDER TO CEASE AND DESIST AND NOTICE OF OPPORT UNIT Y FOR HEARING, Docket No. S-21 156A-21-0165, dated May 28, 2021,

Do you know if the hearing took place and the result.
Do you have any proof of that.

Please advise,

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Richard99
Almere, NL
Oct 30, 2021 4:26 am EDT
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Replying to comment of Richard99

Page can't be reached! Error 404.
It's unsecured page as well.

X
X
4X-DAT User
USA, US
Jan 25, 2014 8:44 am EST
Verified customer This comment was posted by a verified customer. Learn more

Hi guys. All the negative information published on this page is MISLEADING and UNTRUE. This page was created by the malicious LIARS who want to harm reputation of GLPT company, product 4X-DAT as well as the founder Joseph Nemeth.
More info you can find here: http://4x-dat.wix.com/info

The official company statement regarding these liars is here:
http://media.wix.com/ugd/84d4d5_45502b0ce7034a9c801a6c6bedb954e8.pdf

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Jeff01
, SK
Jan 12, 2014 4:37 pm EST

Hi All,
All the information provided above is not true. I am a user of 4X-DAT software and it makes really nice monthly profit. You can also check the results on the corporate webpage: http://www.4x-dat.com/results.asp
Regards
Jeff

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Richard99
Almere, NL
Nov 03, 2021 5:04 pm EDT
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Replying to comment of Jeff01

Dear Jeff, this webpage is unsecured and also gives error
Please advise,

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Richard99
Almere, NL
Nov 03, 2021 5:05 pm EDT
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Replying to comment of Richard99

Error 404 please advise,