7k to 7m Trader wins £20m from Broker

[ForexPro]

Ok, news is a couple of days old, but how did he not know how much his profits/losses were?
Especially if he made 100 trades a day.
I wonder what his strategy is to trade 100times a day?

Case:

http://www.timesonline.co.uk/tol/news/uk/crime/article6237261.ece


Telephone Transcript:

http://www.timesonline.co.uk/tol/news/uk/crime/article6237285.ece

RG - "Yeah, altogether I’ve got ten million in everything."

MF - "Um, I don’t think so mate. "

 

[inktomii]

Maybe the broker from MF and Gill have some kind of deal. Gill knew he was in trouble, convinced the broker to do a little fraud. Sue MF, make a few million, then split.

I wonder how this guy Gill didnt know how much I had. Seems to me every day trader looks at his statements almost every day.

 

[ForexPro]

Agree, unless it was a complex option strategy, which couldnt be seen on a live statement.
But if he does 100 trades a day, it would suggest it wasnt of of these.
7 years to come to court is a long time though.

 

[inktomii]

The only way I could believe he didnt know what he had on is if he carried an overnight and forgot to email/call your broker to put in his start of day.

Anyways crazy stuff!