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re: Forex Fraud -
05-06-2008, 02:53 AM
I have been in the machinery business for many years.....I also developed the ability to trade Forex, and of course many of my dealers have been very inerested in this form of profit making. What I find interesting is the number of people in the industry who ask me to trade their funds, willing to turn over 5-10,000 dollars, without any security other than our business relationships.
Tempting but no thanks. This is how a "fund" gets started, but what happens when drawdowns accumulate and your "friends" would like to know how things are going.....is that when the fudging starts? Is that the turning point or catalyst for solicitation for more and bigger "investments"? I can see how some could get caught in a web of decept but when millions are involved something else is in play.
To anyone I would say this.."if the man is such a hot trader, he will not want nor need other peoples money."
Scammers deserve what the courts dish out. FRAUD IS FRAUD IS FRAUD!
I know how I felt after accounting "frauds" (sorry I mean mistakes) put forth to the public by Nortel, Enron,Worldcom, and others causing huge losses to investors like myself. Executives who shut their eyes, or participate in deceptive practices need to think twice...IMHO
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