Silver Star Stay was co-founded by David Wayne Mayer.
In 2020, Mayer, who additionally makes use of the alias “Quicksilver,” was charged with FX fraud by the CFTC.
The CFTC obtained a $5 million default judgment in opposition to Mayer on July 27, 2021.
Mayer (proper) was additionally topic to a perpetual order that forbids him from signing up with the CFTC, dealing in any CFTC-regulated exchanges, and fascinating in any exercise that’s in opposition to the Commodity Change Act (CEA).
With Autobot Buying and selling, Mayer has resumed forex fraud in breach of the 2021 resolution. The “autobottrading.io” area, privately registered on June 18, 2022, serves because the headquarters for Autobot Buying and selling.
On its web site, Autobot Buying and selling advertises “full crypto and foreign exchange automation for $149 monthly.
4 buying and selling bots are offered by Autobot Buying and selling:
“Excessive victory share software program” is a query. A considerably better quantity buying and selling software program goals for a 12 p.c month-to-month development price in Q2 (coming quickly) “A breakthrough method to automate handbook buying and selling” is QSignals.
BitGet Crypto Automated Buying and selling is a cryptocurrency buying and selling bot that does just some offers every month. On MT5, Autobot Buying and selling’s bots perform.
The enterprise claims to be affiliated with The Prop Buying and selling, BitGet, and ForexVPS. The web site for Autobot Buying and selling does not determine the group’s homeowners.
Actually in a roundabout way.
An individual who introduces himself as “David” narrates the advertising movies for Autobot Buying and selling. If we take a look at the documentation for “Q,” we are able to uncover that “Dave QS” developed it.
QSignals’ documentation discloses that “Dave QS” additionally owns the rights to it:
What about Dave QS? Wanting on the doc attributes for the Q and Qsignals documentation reveals that… “David Mayer” was the one that made them. Autobot Buying and selling is operated by David Wayne Mayer.
With the addition of cryptocurrency securities fraud, Autobot Buying and selling is actually the identical as SilverStar Stay Buying and selling. Autobot Buying and selling does not seem to have any MLM parts, so far as I can decide.
The web site of Autobot Buying and selling hyperlinks to the next “Necessary Buying and selling Data” group:
There are presently 6000 or extra folks within the group. It is unclear if Mayer manages Necessary Buying and selling Data.
On their web site, Autobot Buying and selling provides a Sarajevo, Bosnia contact handle. Nevertheless, as acknowledged within the web site phrases and situations for Autobot Buying and selling, The legal guidelines of the State of Florida, United States of America, shall govern these Phrases and be utilized in its interpretation.
The CFTC listed Roswell, Georgia as Mayer’s residence of their 2020 lawsuit. It’s unknown the place Mayer is correct now.
Other than conducting enterprise illegally as a result of Mayer’s injunction ban for those who’ve been contacted concerning Autobot Buying and selling, it is necessary to recollect what Mayer swore to the CFTC in 2019; Mayer gave sworn testimony earlier than the CFTC on September 12, 2019.
In his proof, Mayer acknowledged that his declare that he had “been buying and selling for a bit of over 20 years already” was unfaithful and that he had no precise buying and selling experience.
In his sworn proof, Mayer additionally acknowledged that his earlier claims about his time spent working on the hedge fund have been unfaithful.
The CFTC included the next in a information launch on August 25, 2021:
The defendants deceitfully inspired shoppers to open discretionary buying and selling accounts and provided to commerce these accounts by way of a totally automated retail overseas change (foreign exchange) buying and selling software program system that Mayer developed from a minimum of July 2018 to March 2019.
The courtroom’s ruling additionally reveals that the defendants used social media, in-person advertising occasions, and web movies to hunt shoppers. The efficiency historical past and anticipated buying and selling earnings of the defendants’ foreign currency trading system have been misrepresented.
Moreover, the defendants omitted to say that Mayer by no means used the foreign currency trading system to open an actual buying and selling account.
Mayer has a historical past of fraud. Any claims he makes about buying and selling or having a historical past of buying and selling must be taken as fraudulent.