Sergio Caramelli and Antonella Magnanimo – Italian Scammers?

Are Sergio Caramelli and Antonella Magnanimo scammers? Is Sergio one of the best Forex traders in the entire world? Or is he participating in a scam?

I always say it straight and call people out directly if they’re scamming people. However, the laws in Italy are different than in the United States. So, the remainder of this post is my opinion unless clearly specified otherwise.

This Italian husband and wife are connected to a scam called Stable Trading 2.0 run by Scott Morris. This part is a fact.

Scott is the owner and operator of Stable Trading. This part is a fact.

Scott Morris is a career scammer operating out of Fernandina Beach, Florida. This part is a fact. More on Scott in a minute.

I sent messages to Antonella through Telegram for her, Diana (more on her later) and Sergio to provide a response. She blocked me instead of responding to the questions. I don’t know about you but if someone was accusing me of being involved in a scam, I’d surely respond to prove my innocence.

Here are the questions I sent to Antonella and Diana Aliotti:

“Hi Diana and Antonella. I’m working on an article about both of you related to the Stable Trading scam.I have a list of questions if you don’t mind.

 1.⁠ ⁠Have both of you read the Fraud Warning for Stabletrading.io out of Canada? This one: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/stabletrading
 2.⁠ ⁠Were either of you invested in CryptoProgram (I have chat logs indicating you were)?
 3.⁠ ⁠Did either of you sign anyone up to CryptoProgram?
 4.⁠ ⁠Did either of you participate in Stable Trading 1.0 where the money was stolen?
 5.⁠ ⁠What was Sergio’s full background before he became the “trader” for Stable Trading?
 6.⁠ ⁠Are you aware that Scott Morris is being investigated by the SEC for fraud? Are you aware that he was subpoenaed?
 7.⁠ ⁠Are you aware that Stable Trading is operating illegally in the US and Italy because they are not registered with the SEC and the CFTC, and the Italian equivalents?
 8.⁠ ⁠Are you aware that Scott Morris has a PAMM account called The Rhino Fund? Do you know what happened to that?
 9.⁠ ⁠Are you aware that Scott Morris has been convicted of a felony? If so, are you aware of what it was for?
10.⁠ ⁠Are you aware that Scott Morris has been sued for fraud?
11.⁠ ⁠Are you aware that Scott Morris’s personal home was foreclosed in 2020 by the bank, while he was claiming to be a successful trading guru?
12.⁠ ⁠Are either of you licensed to sell securities in Italy or the US?
13.⁠ ⁠Are you aware that BlueStarFX is not allowed to accept US or Italian clients?
14.⁠ ⁠What will either of you say if or when Stable Trading 2.0 collapses and everyone loses their money?
15.⁠ ⁠Will Sergio do an interview with me about his trading strategy?
16.⁠ ⁠Are you aware that traders can be faked by offshore brokerages?
17.⁠ ⁠Are you aware that people are sued and go to jail for securities fraud?”

UPDATE: The same day I published this article, Sergio “had a family emergency” and is no longer acting as the trader for Stable Trading. I’m not removing this warning to the public because he was acting as the trader for months before I published this. Is it convenient timing since this article was published today or did he really have a family emergency. My guess is that he and his family are worried about the legal and public reprecussions. You decide.

Who is Sergio Caramelli?

Sergio Caramelli is an Italian living in Milan, Italy. He is a dental products sales associate with a degree in Biology Sanitation. However, he’s supposedly one of the best Forex traders in the world. Does that make any sense?

Sergio is the “trader” for the Stable Trading scam. According to Scott Morris, the owner and operator of Stable Trading, Sergio is making nearly 30% per month in profits.

Keep in mind the best hedge funds in the world average somewhere around 20% PER YEAR, at best, over a 5-year period. So, how is Sergio able to make nearly 30% per MONTH? In my educated opinion, he’s not. I believe the numbers are all fabricated to entice investment into this illegal security offering.

Sergio Caramelli’s Career

So Sergio works a full-time job at ZAHNFORM as a sales associate, but has the time to be one of the best traders in the world. The percentage return he supposedly makes is so astronomically high that I’m going to say it’s impossible. But then he’s a sales associate with a full-time job with no background in mathematics or statistics. Well, that combo makes this clearly impossible. Based on this information alone, anyone with any level of intelligence would have to conclude that this is a scam and the trades are fake. Again, this is my educated opinion.

Who is Antonella Magnanimo?

Antonella is the wife of Sergio. She is highly involved in some sort of Christian counseling in Italy. She’s close friends and business partners with someone named Diana Aliotti. Together, Diana and Antonella run this business: https://hearts-counseling.com/noi. This is important. I have reason to believe that Diana is the person who connected Sergio and Antonella with Scott Morris. More on that below.

At first, I thought Antonella was ignorant of this scam. I warned her on Telegram about Scott Morris’s past. Instead of researching and coming to the correct conclusion, she told Scott Morris about the messages and blocked me. Based on this, I decided to write this post to warn people, especially those in Italy, about Antonella and Sergio.

Diana Aliotti and Husband Dario Porro

Diana and her Husbnad are pastors at churches in Italy. Do you think just because they’re pastors and seem like nice people, they couldn’t possibly be involved in scamming people? I covered a scam called Novatech which was a $650 million dollar Ponzi scheme. This Ponzi scheme was headed up by REVEREND Cynthia Petion. The majority of the victims were churchgoers. Talk about awful.

Diana has been involved in Ponzi schemes with Scott Morris. This is evidenced by her being inside Scott Morris’s Fireteam1 Telegram group. Based on my understanding, she was involved in a scam called CryptoProgram as an investor. Instead of learning her lessons, she has now seemingly connected Scott Morris with Sergio and Antonella.

Here’s a photo of all of them together, minus Scott Morris:

Stable Trading – The Scam

This is the second iteration of Stable Trading. Everyone lost their money in the first iteration, and this is by design. There was a fraud warning put out in Canada warning investors about the scam before everyone had their money stolen. It was very similar to the new scam, Stable Trading 2.0.

The only way to prove this isn’t a scam is for Stable Trading 2.0 to register with the proper financial authorities such as the SEC and CFTC. The reason Scott chooses not to register it is because he’d then have to prove the trades are real and that there’s actual profit being made.

This is Scott Morris’s 20th scam or more. I can’t even count the number of scams Scott has promoted because there are so many.

Scott has owned The Rhino Fund (scam) and Stable Trading (scam). Scott was also one of the largest promoters of COTPs (a Ponzi scheme), Quopi (a Ponzi scheme), and CryptoProgram (a Ponzi scheme).

Scott has been sued for fraud before. He’s had his personal home foreclosed on by a bank while he was online acting like a successful trading guru. He has been convicted of a felony, seemingly for fraud. In other words, Scott is a career scammer so why would Stable Trading 2.0 be any different? Hint: it won’t be.

How the Scam Works

Scott tells everyone to invest money into a brokerage of his choice. The brokerage always has to be in on the scam. This brokerage will be no different since it’s an offshore brokerage registered in Vanuatu and is not allowed to accept US or Italian clients, yet they accept them anyway.

Scott shows potential victims of the scam trading results, which I have reason to believe are completely fake. This trade data is usually manipulated by the brokerage or with the help of the brokerage. Currently, the trade data shows that Sergio Caramelli is one of the best traders in the entire world by making around 30% per month (impossible for any extended period of time.

Scott then tells people he’s going to close the doors and people can no longer get into the trading scheme. He does this to create urgency so people will hurry and put money into the scam. Scott (in my opinion) uses new investments to pay back older investors in the manner of a Ponzi scheme. Then, once there aren’t many people depositing money and investors start asking for their returns, the scam collapses. This is how all PAMM and Copy-Trading scams work.

Here’s How This Scam Will End (my educated opinion)

This will not continue for multiple years as a legitimate business. Why? Because it’s not a legitimate business (in my educated opinion).

There are only a few ways these scams end. None of these endings will be reality. The reality will be that Scott and/or the brokerage steals the money.

1. Sergio will “lose” all of the money because the stop loss wasn’t used for some reason.
2. The brokerage or accounts will get “hacked”.
3. The brokerage will stop paying people and Scott will blame the brokerage.

The most common way for these scams to end is by Scott Morris claiming that Sergio removed the stop loss and lost all of the money. Sergio would then be paid out for being the fall guy. In reality, as stated above, this is not the truth and never is. What happens in most cases is that the owner of the scam and the brokerage split the money. The owners usually get around 70% or 80% and the brokerage gets the remainder.

The owner (Scott in this case) will then tell everyone it was their fault they lost their money because they knew the risk of investing. Then the owners usually move on to another scam. Again, this is Scott’s 3rd scam like this where he has investors put their money into an offshore brokerage, and the money disappears. See the pattern?

Are Sergio and Antonella Scammers?

In my opinion, yes. I have been covering scams like this for nearly two years and have a 100% track record of being right about them.

I warned Antonella, Diana, and Sergio by showing them Scott’s track record. I told them about Scott being under investigation by the SEC for fraud. I told them I’d like to ask a few questions. They ignored me and blocked me instead of asking for more information. I believe they are broke and need the money based on a post Antonella made on Facebook. So, instead of doing the right thing, I think they are deciding to knowingly participate in the scam. To be clear, I’m not 100% sure they know it’s a scam, but there are so many red flags. In my opinion, they have to know this is a scam and are doing it for the money.