Chris Williams Ponzi Scheme.

I won't bother contacting them as I have no money involved and it's up to those involved to decide what action they take - i'm sure they'll see fit how to react. If I was involved it'd be a different matter but I don't see it concerning me - I just find the whole thing intriguing. I wonder if all his activities posting on the other place was just to build up his rep so he could then scam a few people or if he had no intention to scam and then he saw an opportunity.
 
From todays daily mail:


British police fight huge surge in middle class fraud


Last updated at 8:55 AM on 07th October 2009

Britain is in the grip of a middle-class fraud boom, a top police officer warned yesterday.

Mike Bowron said his officers were arresting lawyers, accountants and insurance brokers over alleged rip-offs worth millions.

Mr Bowron, commissioner of City of London Police, said professional workers had 'exploited their position for personal and illegitimate financial gain'.

He also revealed that the number of frauds reported to his force has risen by 72 per cent in the past financial year.

In many cases, the victims were ' well-educated, confident investors' who are ripped off by plausible graduates taking part in sophisticated scams.

Mr Bowron said many frauds had been exposed by the recession, as investors tried to get their money back.

One of the biggest investigations on his force's books is an 80million Ponzi-style investment fraud which is now thought to have claimed 750 victims, including former England cricketer and Strictly Come Dancing star Darren Gough.

Another high-profile probe centres on an alleged 200million mortgage fraud.

In 2005, the value of reported frauds was put at nearly 14billion by independent academics.

In an interview with the Mail, Mr Bowron said last night: 'We have got something like 6,000 individual victims on our books at the moment.

'The reasons for that are that we have gone looking for fraud, and the consequences of the recession.

'It is a whole combination of mortgage fraud, mass marketing fraud, Ponzi-type fraud, insider fraud and insurance frauds.'


Mr Bowron said his officers have noticed a sharp increase in 'boiler room fraud', where middle-class investors are cold-called by bogus stockbrokers and persuaded to buy worthless or non-existent shares, or to buy genuine shares at vastly inflated prices.

He said 'offenders are generally young, educated Britons'.

He has banned the phrase 'white-collar crime' because it 'infers the type of person who commits this offence is a gentleman when infact it covers a whole raft of villainy'.

Mr Bowron said they had been attracted to fraud by the knowledge that it was lucrative and the risk of being caught was low.
More...
 
yeah prison in the UK is like a hotel. Saw it in the papers a few weeks back...talk about cushy. Even had their own f**** keys to their cells. Games machines, TV's. Do what they wanted....and that's a punishment?
 
Wasp the multi-millionaire trader after starting the pool decided to arrange a big piss-up in a swanky london bar with members of the pool. At the end of the night Wasp was left with a rather hefty bill (drinking shots of Tequila at £40 a pop certainly add up!)

The bill was cleared at the end of the night but Wasp who is very successful was a bit short of money and sent an email around the pool requesting some of the members help him out. Their reward: he wasn't offering to return their money, but instead offer more shares in his pool!

I have attached a copy of the email that was circulated.
 

Attachments

lol at the bar story!

I can't believe that there are morons out there who still don't ask to get their money back after something like that.

If you need £500, go ask your family, your brother, your father, your niece, hell, ask your neighbour! Why would you ask someone you don't even know in real life to wire over £500.

You've got to be kidding me.
 
You must log in or register to reply here.
Back
Top