Curtis Michael Faith
The Curtis Faith story is dark.
The real Curtis Faith story resembles nothing of his autobiographical accounts (“Way of the Turtle” + assorted videos). This rotten story reveals the extent to which false legends can be created on Wall Street. The details are overwhelming: Multiple arrests in multiple States, multiple Government documents and depositions, a Faith family member, other traders, performance records, direct interviews with Faith’s former business associates, a former employee and Faith’s own words–all show him different than his representations.
For example, the following two CFTC depositions describe how Curtis Faith’s firm Acceleration Capital imploded: Deposition One (2006) and Deposition Two (2006). Curtis Faith’s then partner Yuri Plyam explains how he and Faith met, what type of trading system they used, the ownership breakdown of Acceleration Capital, Faith’s background, the management fees, how much they put up to start Acceleration Capital and Faith’s subsequent disappearance. Further, a male employee was stealing money from Acceleration Capital to buy trips, buy cars, to pay for a gastric bypass surgery, to buy gifts for his boyfriend and to buy barbie dolls on eBay (Many files obtained via U.S. Freedom of Information).
People often ask: “Did all of the Turtles turn out to be winners?” Or: “Why did some Turtles lose?” A cursory examination of the documents on this page, especially detailed United States government documents, show exactly why a minority of Turtles did not succeed–their personal choices were bad. You can have all of the rules, all of the training, but if your personal system is terrible–you will fail.
- 2016-7: Whereabouts unknown.
- 2015: State of Georgia incarceration July 2015 to December 2015.
- 2015: Curtis Michael Faith on video announces his recent jail time. Speaks about his alleged sexual assault in jail.
- 2015: Curtis Michael Faith multiple arrests in Georgia; Charged § 16-8-5 & § 16-7-1(b); PDF.
- 2014: Curtis Michael Faith multiple arrests in Virginia; Charged § 18.2-137, § 18.2-250-1 & § 18.2-456.
- 2014: Curtis Michael Faith civil action against Crossroads Behavioral Health.
- 2013: Curtis Faith writes foreword to a book.
- 2012: Curtis Faith on video, while wearing a hoodie, announces world movement.
- 2012: Curtis Faith: “I am out of money. None at all. Well, $27 in my pocket. No more anywhere. My wife doesn’t work. I’ve spent every last dime working on trying to figure out a way to make a difference and now I’m left with $27. That’s a twenty and seven ones, two of them are pretty rough. A twenty and seven ones. And that is all it will take to change the world. What did Jesus say about the mustard grain. Hell, I’m Curtis Michael Faith, if I don’t have Faith who does?”
- 2010: Curtis Michael Faith on video announces, after a 2010 gut feel ‘sell call’ of all world markets, that Abraham Lincoln was gay. Video shows Faith possibly impaired.
- 2009-10: Curtis Faith’s family member speaks out: “In this age of financial mayhem, crackpots and charlatans, my [sibling] holding himself out in a second book as some sort of financial whiz kid, really sickens me. Enough is enough of his lies. He owes a long line of people money, including me. About the only thing he knows about money is how to spend other peoples…Until someone knocks him off his cloud, his life will remain one long fantasy of his own fabrication.”
- 2007: Curtis Faith’s firm Acceleration Capital permanently surrendered registration with the CFTC via settlement in January 2007 for what the CFTC believed were violations of the Commodity Exchange Act.
- 2007: Curtis Faith: “I am not broke. I have had several periods in the last several years where I was very, very low on cash, but that’s not the same thing as being broke. Even if I had been broke, I’m not sure it matters as I’m selling software, not advice on how not to ever go broke.”
- 2006: Curtis Faith’s firm Acceleration Capital; United States CFTC Investigation 255 pages (PDF).
- 2006: Curtis Faith’s firm Acceleration Capital; United States CFTC Investigation 94 pages (PDF).
- 2005: Curtis Faith’s firm Acceleration Capital; United States CFTC Investigation 199 pages (PDF).
- 2003: Curtis Faith’s firm Acceleration Capital; Offering Documents/Bios (PDF).
- 2003: Curtis Faith launches new firm Acceleration Capital.
- 2002: Final Borealis United States SEC investigation: Results (PDF).
- 1997: Curtis Faith resigns as president and chief executive officer of Borealis.
- 1994-95: United States SEC documents reveal: “Borealis had operating losses in 1994 and 1995. For two years, its outside auditors had stated that there were substantial doubts about Borealis’s ability to continue as a ‘going concern.'”
- 1989: Curtis Faith tells Stanley Angrist of the WSJ that he was the most successful Turtle.
- 1988: Curtis Faith starts small software firm Borealis. SEC documents reveal: “He is founder, president, chief executive officer, and chairman of the board of directors.”
- 1988: The Turtle program ends. Most all Turtles move on to launch money management firms, except Faith. Turtle track records while inside the program located for most all Turtles, except Faith. Several Curtis Faith controversies and discrepancies outlined in The Complete TurtleTrader covering 1984-1988.
- 1984: Turtle program starts.
Were all Turtles a success? No and the reasons why are clear.
- Known associates: Anthony Garner, David Bromley, Yuri Plyam (PDF), Andreas Clenow. Clenow denies being an associate of Faith, describes this page as “character assassination” and has said “I don’t know and don’t care about the allegations” here. He has questioned the “accuracy” of this page while not addressing multiple government documents or arrests.
- Faith has also claimed to be the Chief Investment Officer of Galt Capital. Galt Capital referred to itself as “The Most Profitable Community Of Investors In The World.” There was no known evidence for those statements.
- Faith’s firm Acceleration Capital.
The Turtle story was fascinating and mysterious, but the veil has been lifted for the first time. If you want to know the true Turtle trading winners, and the unvarnished Curtis Faith tale, the bestseller The Complete TurtleTrader is your starting point.