Ponzi Scheme investing4you.co.uk scam forex investment

[hoodledudle]

Yer I understand this and I know how easy it is to provide proof of trades, as I trade myself. I can log into my mt4 on my phone and pick any time frame and it will show an abundance of losing trades I have placed.

Exactly this is why it's a major red flag of a Ponzi scheme. No proof of trades most likely means just a redistribution of money/deposits of clients.

 

[Forex_Lincs]

Exactly this is why it's a major red flag of a Ponzi scheme. No proof of trades most likely means just a redistribution of money/deposits of clients.

What was the reason he gave for not being able to show you proof of trades?

 

[hoodledudle]

What was the reason he gave for not being able to show you proof of trades?

he told me to look on his Instagram page and showed me similar images to what you've posted, I told him they wasn't proof of trades and he did not reply back.

 

[forexforyou2021]

I think its finally coming clear to some people that NO TRADES have been made...like many have said , there's plenty of prove , when your trading multiple pairs through out the day every day, trading millions as we know.. .. if i wanted to shut everyone up id show you my/the bank balance involved. And say ..look its there just wait..the police or authority would allow this as it would stop the threats he and his family are getting. Easy to solve..at this point..no solicitors/barristers needed.???????

 

[Uptheironz]

Yes, anyone who has made money from this will have a confiscation order under the proceeds of a crime act. All money will be then distributed between "investors" based on initial deposit so any clients who have spent a significant amount of money are probably in for an unfortunate time.

Absolute bull

It’s frightening some of the rubbish being posted as facts on this forum . If you put this much effort into getting a girlfriend maybe you could move out of your mums spare bedrooms

 

[Scun101]

I think its finally coming clear to some people that NO TRADES have been made...like many have said , there's plenty of prove , when your trading multiple pairs through out the day every day, trading millions as we know.. .. if i wanted to shut everyone up id show you my/the bank balance involved. And say ..look its there just wait..the police or authority would allow this as it would stop the threats he and his family are getting. Easy to solve..at this point..no solicitors/barristers needed.???????

I completely agree. If he’s genuine, it’s very easy to prove it. The questions asked are not far fetched or unreasonable.

 

[hoodledudle]

So a lot of early investors, who also could have been potentially scammed, and have actually got to a stage where they think their investment has made enough to start enjoying their money now have to pay back what they’ve spent when in fact they thought was theirs and have been scammed themselves?

My total investment was a few hundred quid and I’ve drawn £5000 back out. I’ve been layed off at work so started drawing out to live, but now I could potentially owe this money back?

If the investigation comes forward and says this is a fraud (ponzi scheme), yes you will owe that money back. It's been discussed several times, you would get a confiscation order from the courts and they would request that money back under proceeds of a crime act.

It's fraudulent money and proceeds of a crime, you don't think the tax man and the police are going to let you have other peoples money and spend it and not pay any tax.. The courts don't care if you've been laid off, you've got fraudulent money..

Absolute bull

It’s frightening some of the rubbish being posted as facts on this forum . If you put this much effort into getting a girlfriend maybe you could move out of your mums spare bedrooms

Look at any recent Ponzi and see how much the authorities redistribute between clients, it's never the full amount (some people go bankrupt etc paying these back)
Where do you think the redistribution of funds comes from? The fairy's in the sky? No, people that have made a significant amount of money pay it back.

 

[Forex_Lincs]

If the investigation comes forward and says this is a fraud (ponzi scheme), yes you will owe that money back. It's been discussed several times, you would get a confiscation order from the courts and they would request that money back under proceeds of a crime act.

It's fraudulent money and proceeds of a crime, you don't think the tax man and the police are going to let you have other peoples money and spend it and not pay any tax.. The courts don't care if you've been laid off, you've got fraudulent money..


Look at any recent Ponzi and see how much the authorities redistribute between clients, it's never the full amount (some people go bankrupt etc paying these back)
Where do you think the redistribution of funds comes from? The fairy's in the sky? No, people that have made a significant amount of money pay it back.

I’ve actually just looked at a few and one of the biggest ones where people invested around £115 million the courts could only get back £2 million. Even with the Bernie Madoff one some early investors never paid back the full amount they originally put in only ones that did was from goodwill.
I’m sure to have a confiscation order put on you through the proceeds of crime act you have to be convicted of a crime, investors have not committed a crime and will not be criminally charged unless it is proven they were in on the scam.
There are however, some legal firms that specialise in Ponzi schemes and trying to claim money back so it may be a case of taking civil action against people who have profited in order to get monies back.

 

[Ironarmy]

I know previously someone shared something that the FCA had put a warning out for I4U however when searching myself it has been removed, have the FCA removed it? Or am i just not able to find it? Just a thought they might no something we dont if they have removed it

 

[hoodledudle]

I know previously someone shared something that the FCA had put a warning out for I4U however when searching myself it has been removed, have the FCA removed it? Or am i just not able to find it? Just a thought they might no something we dont if they have removed it

No it has not been removed you can find the unauthorised page on the FCA site here

NewRegister

register.fca.org.uk