David Wayne Mayer is co-founder of Silver Star Reside.
The CFTC sued Mayer, who additionally goes by the pseudonym “Quicksilver”, for foreign exchange fraud in 2020.
On July twenty seventh 2021, the CFTC was granted a $5 million default judgment in opposition to Mayer.
The judgment additionally noticed Mayer (proper), topic to a everlasting injunction that prohibits him
from participating in conduct that violates the Commodity Alternate Act (CEA), registering with the CFTC, and buying and selling in any CFTC-regulated markets.
In violation of the 2021 judgment, Mayer has returned to foreign exchange fraud with Autobot Buying and selling.
Autobot Buying and selling operates from the area “autobottrading.io”, privately registered on June 18th, 2022.
A go to to Autobot Buying and selling’s web site reveals the corporate pitches “full crypto and foreign exchange automation for $149 per 30 days”.
Autobot Buying and selling presents 4 buying and selling bots:
- Q – “excessive win share software program”
- Q2 – “a a lot increased quantity buying and selling software program … strives for 12% per 30 days” (coming quickly)
- QSignals – “a revolutionary method to automate guide buying and selling”
- BitGet Crypto Automated Buying and selling – “a crypto buying and selling robotic that solely trades a handful of trades each month”
Autobot Buying and selling’s bots run on MT5. The corporate represents it has partnerships with The Prop Buying and selling, BitGet and ForexVPS.
Autobot Buying and selling’s web site doesn’t disclose who’s behind the corporate. At the least in a roundabout way.
Autobot Buying and selling advertising and marketing movies are narrated by a male who introduces himself as “David”.
If we take a look at the documentation for “Q”, we see it’s developed by “Dave QS”:
The documentation for QSignals reveals it is usually copyrighted by “Dave QS”:
So who’s Dave QS?
If we check out the doc properties for Q and Qsignals documentation, we discover…
…they had been created by “David Mayer”. David Wayne Mayer is working Autobot Buying and selling.
Autobot Buying and selling is is SilverStar Reside Buying and selling yet again, with added crypto securities fraud.
So far as I can inform, there isn’t an MLM part to Autobot Buying and selling.
A linked Telegram group on Autobot Buying and selling’s web site factors to “Essential Buying and selling Information”:
The group is at the moment sitting at over 6000 members. Whether or not Mayer runs Essential Buying and selling Information is unclear.
Autobot Buying and selling offers a contact tackle in Sarajevo, Bosnia on its web site.
Autobot Buying and selling’s web site phrases and circumstances nonetheless states;
These Phrases are ruled by and construed in accordance with the legal guidelines of the State of Florida, U.S.A.
Of their 2020 criticism, the CFTC recognized Mayer as a resident of Roswell, Georgia. Mayer’s present whereabouts are unknown.
For those who’ve been approached about Autobot Buying and selling, apart from working illegally as a result of Mayer’s injunction ban, it’s value noting what Mayer instructed the CFTC underneath oath in 2019;
On September 12, 2019, Mayer offered sworn testimony earlier than the CFTC.
Throughout his testimony, Mayer admitted that he had no precise buying and selling expertise and his assertion that he had “been buying and selling for slightly over 20 years now” was false.
Mayer additionally admitted in his sworn testimony that his earlier statements concerning his expertise working on the hedge fund had been false.
Of their August twenty fifth, 2021 press-release, the CFTC additional famous;
From at the very least July 2018 to March 2019, the defendants fraudulently solicited prospects to open discretionary buying and selling accounts, and supplied to commerce these accounts, via a completely automated retail overseas foreign money (foreign exchange) buying and selling software program system that Mayer created.
The order additional finds that the defendants solicited prospects via on-line movies, social media, and in-person advertising and marketing occasions.
The defendants misrepresented the foreign currency trading system’s efficiency historical past and anticipated buying and selling earnings.
Additional, the defendants didn’t disclose that Mayer by no means opened a dwell buying and selling account utilizing the foreign currency trading system.
Mayer is a serial con man. Any representations he makes about buying and selling or having a buying and selling historical past needs to be assumed false.