ewan_savage
Private, 1st Class
- Messages
- 40
Wow. I guess they have it down to a science at this point...
The scheme targets so-called mum and dad investors with the promise of educating clients to make money from the notoriously risky investment strategy of currency trading.
Canberra resident Lynne Fairhall was one of thousands of people from across the world -- including the US, Britain, Spain and Germany -- who signed up as a YTR client.
After writing twice to the regulator -- and following investigations by The Australian -- Ms Fairhall yesterday received a letter from ASIC saying the regulator was assessing whether YTR had engaged in fraud. "As to whether the matter involves a fraud or a Ponzi scheme, I can confirm that these are issues that ASIC is considering as part of its assessment," ASIC wrote..
Well done Lyn, I have also been taken for a ride by YTR. Keep up the good work.
Make sure to file your own complaints with the regulators. Any one scrap of information could be the one that makes a big difference in the outcome of the investigation.