Mariska van de Langenberg recently announced the abrupt collapse of 5 Star Signals, reporting that over $180,000 in affiliate commissions had vanished. The Netherlands-based investment signals platform ceased operations following a breakdown in communication and alleged reckless trading by head analyst Dean Black.
Langenberg stated Black stopped responding to urgent messages. He ignored her communications for weeks. When he did reply, she said, he failed to read her critical updates. She had worked to stabilize the company. Matters worsened.
Last week, Langenberg believed an agreement had been reached with Black. He posted an update in the company's Facebook group. She thought they had found a way forward.
Within 24 hours, Black reportedly abandoned the agreement. He began trading with significantly higher risk than previously agreed. Langenberg described waking to see large paper profits in equity, with trades still open and no profits secured. She messaged Black on Facebook, the same channel he had been ignoring. Black, she said, blamed her message for subsequent losses on the trading accounts.
She called his excuse unacceptable. Langenberg asserted the losses stemmed entirely from Black's failure to follow their agreement and his excessive risk-taking, not from her communication.
Over $180,000 in commissions owed to affiliates disappeared. Langenberg claims these funds were diverted to add capital to the BlueMoon accounts. Black also allegedly used commissions generated from news trading strategies to fund the same BlueMoon accounts. This left no money to pay their trading partner. These amounts are included in the reported $180,000 total. The full extent of losses, including invested funds from clients, remains undisclosed.
Langenberg expressed remorse for individuals who trusted her and whose investments in accounts managed by Black were lost. She acknowledged Black as a potentially brilliant analyst but suggested his trading psychology faltered when handling other people's money. Her support for his activities reached a breaking point. Accounts had been depleted multiple times. She determined the damage had to stop.
The Netherlands Authority for the Financial Markets (AFM) previously issued a warning against 5 Star Signals in November 2015. The AFM investigated suspicions that the company operated an unlicensed investment opportunity within the Netherlands. Langenberg, based in the Netherlands, did not respond to the AFM's inquiries at the time. The regulatory body concluded that 5 Star Signals offered an unregistered securities offering. They subsequently fined the company EUR 50,000 for non-compliance.
5 Star Signals never paid the fine. Langenberg maintains the company was compliant, despite the AFM's findings. She characterized the regulatory action as "ridiculous" and an example of a regulatory body harming a promising company, had it not already been damaged by its own Head Analyst.
When an unregistered securities offering fails, investors often lack direct avenues for recovery. What Langenberg describes as an "expensive lesson" is a form of financial fraud under regulatory definitions.
Langenberg has stated her intention to relaunch a new company, this time without Dean Black. She claims their trading partner remains willing to collaborate. Any future affiliate program would be structured differently, contingent on brokers' ability to manage commission payments. She noted that the situation remains highly uncertain. The new company, she confirmed, would offer news trading strategies.
Dean Black's IP address will be blocked on the servers. All login credentials will change once the master accounts transfer to the new entity. Only professional traders, she stated, will manage these accounts, ensuring no repeat of past issues.
Langenberg took responsibility for supporting Black for too long. She likened her situation to a mother reluctant to admit her child's unacceptable behavior. She stated she still cares for him personally, but his actions must cease.
She maintains her belief in the core concept of investing, compounding, and sharing legitimate revenues. She described her experience as a costly learning process she will not repeat. Dean Black will not be part of 5 Star Signals or any new venture. He may continue to manage the forum independently.
For affiliates with funds in BlueMoon accounts, Langenberg advised attempting to contact Dean Black directly. She stated Black had provided a personal guarantee for these funds, not a company guarantee. She cautioned against high hopes, noting Black has no possessions to reclaim. Black reportedly saw no reason for his removal from the company and disagreed with the decision. He also insisted he would compensate all affected individuals, stating it was his responsibility.
Whether Langenberg's planned reboot will include a multi-level marketing (MLM) based affiliate program remains to be determined.