Uptheironz
Recruit
- Messages
- 31
Wish ud mentioned fca earlier
Ponzi Scheme investing4you.co.uk scam forex investment
- Thread starter uptheiron
- Start date
Guaranteed profits become guaranteed losses.
Scun101
Private, 1st Class
- Messages
- 34
You’ve taken a lot of stick. But credit to you for trying to educate people with facts.
All the best to those of you who have invested & lost any sort of money.
Difficult to believe that some clients are even now still.holding out that it is not a scam. We don't know at this stage how much of their money they will get back ?. That's the concern. Or who will suffer the shortfall ?.
Scun101
Private, 1st Class
- Messages
- 34
The amount of money I’m hearing that has been invested
I think it’s probably the case that there has always been a broker involved. That broker may have ‘done away’ with the money which prompted the rumours accounts had been frozen etc.
From what I have heard there is a serious serious amount of money invested by local people & even some further afield. I find it very hard to believe that there is just £x million sat in the business acccoung of investing for you ltd that will be redistributed once the case is complete. That isn’t how these scams work. This is just my opinion.
Once again I wish everyone who has invested all the best in retrieving their funds.
It’s just my personal opinion, I think the money is long gone bar stashes that may have been put aside during the scheme’s peak.
I think it’s probably the case that there has always been a broker involved. That broker may have ‘done away’ with the money which prompted the rumours accounts had been frozen etc.
From what I have heard there is a serious serious amount of money invested by local people & even some further afield. I find it very hard to believe that there is just £x million sat in the business acccoung of investing for you ltd that will be redistributed once the case is complete. That isn’t how these scams work. This is just my opinion.
Once again I wish everyone who has invested all the best in retrieving their funds.
Think Declan is actually a nice lad think the local dodgy folks took him in and he was put in a corner he couldn’t get out of know absolute loads of people who put considerable amounts in I myself took a chance with 1500 quid even tho all the warning signs waved red flags in my head listening to mates buying mercs and rolls Royces end of the day greed out ways logical thinking I’m afraid
What about all the other people driving round Scunthorpe in fancy cars and nice watches and several friends out of pocket for a serious amount of money surely the fact posting on Facebook what they’ve gained influences ones decision to invest they get to keep what they’ve acquired while general honest people are 100s of thousands out of pocket ?
I don’t think Declan is the instigator think he’s been played duped think there’s a bigger person out there who’s been reeling him in but you just don’t know all I know is what I’ve seen several people buying one person no names mentioned at least 400k worth of cars and he wouldn’t of done that unless he thought that was legit but kinda makes you think wtf has actually gone on blags my head tbf
What will happen to the lucky ones that had a substantial payout ?
Fair play Mike you summed it up from day one and all you got was abuse all the best fellaJust saying...
Investing4You Ltd
We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself.www.fca.org.uk
Pharaoh
Brigadier General
- Messages
- 20,319
And the FCA is definitely on the case!
I'm sure there will be some true believers who still have unshakable faith that the magic money train is only temporarily derailed.
Others will finally realize it was all a lie. Some of them will be angry that it stopped before they could make their fortunes, even though all of the profits they were looking forward to would have been stolen from others who deposited cash.
Some will claim that Declan is just an innocent pawn controlled by some evil Ponzi Master. I personally doubt this. A true master of the trade would have given Declan a plausible sounding excuse about not needing to be FCA registered. Instead, he came up with a lame claim of pending registration, which was very simple to expose as a flagrant lie. That sounds more like an amateur who got the idea of making himself rich via Ponzi after watching something on the History Channel about Charles Ponzi or Bernie Madoff.
The extreme rate of return for this plan also is very amateurish. Making 4% or so a monthly rate wouldn't have people throwing in 1500, but it would set off fewer alarm bells with those with significantly larger sums looking for a good rate of return. It would also have resulted in far fewer "Is this real?" questions going to the FCA. Madoff paid 10% a year and got away with it for a very long time. If he had offered 1% per week or more, he'd have been caught within a year.
All anyone needs to run a Ponzi is a spreadsheet. If you want to make it look better, hire a freelancer to port the spreadsheet data into a website. You can go with fixed returns or just type in your future returns. The variable return pre-planned method lets you write messages bragging about all time bests in advance.
The police appear to already have Declan's laptop. They will go over the records showing all deposits and withdrawals. Then a lot of ill-gotten gain will be subject to official recovery efforts.
And EVERY cent of that profit came from other people's deposits. You may want to check and see how many of your fancy purchases are still within the return period. You also should start figuring out how you'll repay the rest.
In the end, fairness dictates that all who were truly deceived should get the same percent of their total deposits.
But there will be some who knew it was a scam, but decided to promote it early for their own gains. They could be facing total confiscation of all funds related to this as well as charges for being an accomplice to a crime.
I'm sure there will be some true believers who still have unshakable faith that the magic money train is only temporarily derailed.
Others will finally realize it was all a lie. Some of them will be angry that it stopped before they could make their fortunes, even though all of the profits they were looking forward to would have been stolen from others who deposited cash.
Some will claim that Declan is just an innocent pawn controlled by some evil Ponzi Master. I personally doubt this. A true master of the trade would have given Declan a plausible sounding excuse about not needing to be FCA registered. Instead, he came up with a lame claim of pending registration, which was very simple to expose as a flagrant lie. That sounds more like an amateur who got the idea of making himself rich via Ponzi after watching something on the History Channel about Charles Ponzi or Bernie Madoff.
The extreme rate of return for this plan also is very amateurish. Making 4% or so a monthly rate wouldn't have people throwing in 1500, but it would set off fewer alarm bells with those with significantly larger sums looking for a good rate of return. It would also have resulted in far fewer "Is this real?" questions going to the FCA. Madoff paid 10% a year and got away with it for a very long time. If he had offered 1% per week or more, he'd have been caught within a year.
All anyone needs to run a Ponzi is a spreadsheet. If you want to make it look better, hire a freelancer to port the spreadsheet data into a website. You can go with fixed returns or just type in your future returns. The variable return pre-planned method lets you write messages bragging about all time bests in advance.
The police appear to already have Declan's laptop. They will go over the records showing all deposits and withdrawals. Then a lot of ill-gotten gain will be subject to official recovery efforts.
And EVERY cent of that profit came from other people's deposits. You may want to check and see how many of your fancy purchases are still within the return period. You also should start figuring out how you'll repay the rest.
In the end, fairness dictates that all who were truly deceived should get the same percent of their total deposits.
But there will be some who knew it was a scam, but decided to promote it early for their own gains. They could be facing total confiscation of all funds related to this as well as charges for being an accomplice to a crime.
