Replies to This Discussion

Permalink Reply by geroni on September 29, 2011 at 10:39am

Today's incredible mail:

"Sir, 

It is not unusual that a bankruptcy's liquidation lasts years. All claims in CROWN FOREX SA's bankruptcy are currently being handled and under review. As you can imagine, due to the number of claims, this process takes a lot of time.  We will revert to you in case we need more information or documents and when the claims' examination will be finished and a decision will be taken on all claims. No decision will be rendered on a particular claim before the other claims. Decision on all claims will be hence rendered in the same time. In any case, at this stage we do not expect payment from the bankruptcy estate before several months. For all other relevant information, please consult the web site www.crownforex.info. In case of no update, it means that no further relevant information can be disclosed on the case.      

Sincerely,

Laurent WINKELMANN

NOTTER MEGEVAND & ASSOCIES

3, Place Claparède

CH 1205 GENEVE

Tel.: +41 (0)22 703 47 50

Fax.: +41 (0)22 703 47 51

Mail.: geneve@nomea.ch"

Permalink Reply by Francesc Riverola on September 29, 2011 at 11:04am

unbelievable!... they have so much work that they will need 20 years to answer... and the answer will be that there is no money left in the company to pay victims

 

I do not have words....

Permalink Reply by sudio on September 30, 2011 at 2:13pm

today the same mail:
Dear Colleague, Without any power of attorney from a specific client of CROWN FOREX SA and specifying his/her account number, you are not entitled to more information that what is posted on the web site www.crownforex.info. It is not unusual that a bankruptcy's liquidation lasts years. All claims in CROWN FOREX SA's bankruptcy are currently being handled and under review. As you can imagine, due to the number of claims, this process takes a lot of time. We will revert to you in case we need more information or documents and when the claims' examination will be finished and a decision will be taken on all claims. No decision will be rendered on a particular claim before the other claims. Decision on all claims will be hence rendered in the same time. In any case, at this stage we do not expect payment from the bankruptcy estate before several months. For all other relevant information, please consult the web site www.crownforex.info. In case of no update, it means that no further relevant information can be disclosed on the case. Sincerely,

Laurent WINKELMANN NOTTER MEGEVAND & ASSOCIES3, Place ClaparèdeCH 1205 GENEVETel.: +41 (0)22 703 47 50Fax.: +41 (0)22 703 47 51Mail.: geneve@nomea.ch

Permalink Reply by john deere on November 5, 2011 at 3:16pm

Sir,

  Thank you for that update, perhaps posting that on the crownforex.info website would be a step in the right direction for those of us who feel abandoned by you.

  My question is, why does this take YEARS  with the Swiss Govt regulators handling this matter yet in U.S., much bigger banks are taken over in two DAYS (usually over a weekend without any disruptions of customer funds? 

  They do this first by separating the failed bank in two different sectors, a good bank

and a bad bank.  The GOOD bank contains all the customer accounts (the customers

have done no wrong, and should not be punished, like you are doing to us).  The BAD

bank contains the problems of the bank, investments, loans, etc.  Whatever they have

done wrong or illegal, we have not even been informed of the reason you bankrupted

them.

  The BAD bank stuff could take some time to unwind due to law suits, etc. Things you

lawyers make your living off of.  I am not saying being a lawyer is right or wrong, or good

or bad. 

  I am, however, saying that you people seizing our accounts, and no reason being given to us is very VERY WRONG; and, your attitude that "we are not entitled" to more of an explanation cannot possibly be good for Swiss Banking's already tainted reputation.

  May I suggest you at least send everyone, who has submitted a claim, some kind of

note indicating that you did receive our information?  This would be a wonderful gesture

on your part, plus do a lot to save your reputation as a safe financial center. 

   Also, MF Global goes bankrupt, and one day later the entire world knows what crimes

they commited, plus the regulators immediately go to work to protect the customers

money, as the customers did no wrong.   Does this sound familiar to you? 

  This is why I think we are being treated unfairly. 

 

Permalink Reply by viro on March 7, 2012 at 11:10pm

Did you guys see the updated info on www.crownforex.info ?

Permalink Reply by Hendra Leonardi on March 8, 2012 at 4:56am

just read the update on their website... i won't forget... i still have 82k in my acc, after 2 years i don't know :(

Permalink Reply by geroni on April 14, 2013 at 5:29pm

Strange request posted:

From: l.winkelmann@nomea.ch

To: _________________________

Sir, Could you please confirm the following address is still valid: _________________________

Sincerely, Laurent WINKELMANN

NOTTER MEGEVAND & ASSOCIES 3, Place Claparède

CH 1205 GENEVE Tel.: +41 (0)22 703 47 50 Fax.: +41 (0)22 703 47 51

Mail.: geneve@nomea.ch

Ce message et les documents qui y sont attachés sont confidentiels

et couverts par le secret professionnel. Ils ne sont destinés qu'aux

seules personnes désignées ci-dessus. Ils ne doivent pas être diffusés

ni leur contenu utilisé ou divulgué. Dans le cas où ce message et les

documents attachés vous seraient parvenus par erreur, nous vous remercions

de les détruire aussitôt et de nous informer de l'erreur commise.

This message and the attached documents are confidential and covered

by professional secrecy. They are intended to their addressees only.

They should not be used for any purpose and their content should not be

disclosed to anyone. In case you have received this message and the

attached documents by mistake, please advise us and delete

them immediately.

Permalink Reply by Francesc Riverola on April 15, 2013 at 9:10am

that is strange indeed... but it does not surprise me. A couple of months ago we contacted Mr. Winkelmann to get an update of the situation and for our surprise, Mr. Winkelmann told us that our claim was not processed so we were not in the pool of claimers.... we got an e-mail from the very same gentleman back in 2009 confirming that our claim had been processed.... amazing!

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