Scam Warnings...

The Reverend

The Reverend
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Just seen this in the news.


The interesting part, to me, is...

Metro.co.uk spoke to a number of people referred to Infinox in this way who claim they were led to believe that they were investing in FCA-regulated businesses but whose funds ended up with Infinox Bahamas.

Jonathan Reuben said he was led to believe he was signing up to a service which would automatically copy Mr Singh’s trades on the market onto an account with an FCA-regulated broker in Jonathan’s name.

He said he was told in writing that the FCA regulated the service, that his trades would be based on Mr Singh’s, and that he could withdraw at any time, and that this made him think it was a sound investment.

Jonathan told Metro.co.uk: ‘If I knew that this investment was not FCA regulated, and it was not actually gs3 trading for me, I would never have deposited money into the scheme whatsoever.’

There are loads of 'get rich quick' schemes but I am really cautious about all of them. I look for the red flags and even if something just doesn't feel right, i tend to avoid.

Be money-safe out there, my Internet Brethren, and much like getting drunk on NYE and thinking of making a pass at the bar staff..... Stop, consider all the evidence you have so far, and hold fire. Give it 24 hours and see if it still looks like a good idea.

:D

Thanks,

The Reverend
 

Jon

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I always thought the photos of “person infront of luxury car” is just them hiring it for the day. The insurance for a 20 year old to drive a Lamborghini would be off the chart!

the only one of that ilk that actually owned one that I know of is Sam stoffel!
 

homie

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Yes be careful. I recently lost £10,000 investing in a 1950's American diner, jukeboxes and leather jackets........ It turned out to be a Fonzi Scheme.

About 3 people on here old enough to get that joke, probably.



Silliness aside. @The Reverend's advice is sound.


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The Reverend

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I always thought the photos of “person infront of luxury car” is just them hiring it for the day. The insurance for a 20 year old to drive a Lamborghini would be off the chart!

the only one of that ilk that actually owned one that I know of is Sam stoffel!

I see photos in front of cars and then think about how cheaply you could recreate that photo.

true story

I once came outside my flat to see a lady draping herself over the bonnet of my car.

a 3 series bmw estate - that hadn’t been washed for months. And was 10 years old.

weird but each to their own. I did wait until she had finished taking her photos before I unlocked the car and drove off.
:D
 
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Jute

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I see photos in front of cars and then think about how cheaply you could recreate that photo.

true story

I once came outside my flat to see a lady draping herself over the bonnet of my car.

a 3 series bmw estate - that hadn’t been washed for months. And was 10 years old.

weird but each to their own. I did wait until she had finished taking her photos before I unlocked the car and drove off.
:D
Crikey, I wondered where this story was heading for a moment. I nearly blushed...
 

An-na

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He’s been at it again.


But, but ,but he's got a pet goat.... on a leash :eek: Nothing says "invest with me" more than a goat on a leash!!! Where do I sign up???? (Not).

p.s. I have got some magic beans. How much would you give me for my magic beans?
Guaranteed to grow exponentially. Offers over £100 Amazon vouchers. When they're gone, they're gone!!!!!!
 

homie

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p.s. I have got some magic beans. How much would you give me for my magic beans?
Guaranteed to grow exponentially. Offers over £100 Amazon vouchers. When they're gone, they're gone!!!!!!

I will buy your magic beans Anna. Can I pay with my new crypto currency I've just invented called LEAF?. Anyone can mine LEAF on a laptop or mobile phone, just buy some 'trees' and watch your LEAF balance grow. Their current price is $0.000000001 but they are bound to go up in value because all crypto does right?

I will offer 120 million LEAF for your beans.
 

An-na

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I will buy your magic beans Anna. Can I pay with my new crypto currency I've just invented called LEAF?. Anyone can mine LEAF on a laptop or mobile phone, just buy some 'trees' and watch your LEAF balance grow. Their current price is $0.000000001 but they are bound to go up in value because all crypto does right?

I will offer 120 million LEAF for your beans.

Hi @homie
I will accept your kind offer of 120 million LEAF for my magic beans :D
It sounds like a very fair price. After our transaction we can sit back and watch our investment grow with no effort at all. Now, off to get me a goat :cool:
 

Jon

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Oh dear

Do you think he will actually give the money back to the customers though? Will he just not find a way to wiggle out of it?
 

The Reverend

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although I will add, his 'crime' looks to be that he just was operating in a Regulated Market an
Oh dear

Do you think he will actually give the money back to the customers though? Will he just not find a way to wiggle out of it?
*shrug*
Its also the kind of 'business' that can be set up out of no-where, for little cost, and plenty of anonymity.

The judge summary is 'interesting' if that is your kind of thing. It says a lot about why these things keep happening.
 

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