FX trader ran ponzi scheme and blew it all in nightclubs

[drownpruf]

It started 3 years ago, and now down the line, the full legal process is coming to conclusions. Legal things take time.

Word is that most of the cash came after he blew the cash on the Neb. at the club.

 

[smallStops]

Word is that most of the cash came after he blew the cash on the Neb. at the club.

:eek: That means some "investors" were just looking for someone to lose their money.
As someone said, everyone gets what they want from the market.

 

[elt4x]

I wonder how one can run this kinda scheme successfully. I mean, wont the authority or the bank be curious seeing so much money pouring into his bank account everyday?

 

[kut2k2]

I look at this guy and most of the scheming scum that get profiled on American Greed and wonder why anyone trusted them in the first place. They don't look trustworthy enough to ask directions from, much less entrust my money to.

 

[maxpi]

Sociopaths... That's who can pull these things off. They don't learn from their own mistakes so expect them to pull other stuff after they get out of jail. If there is one thing everybody should learn about its psycho/sociopaths. Very very hazardous to the health and well being, very...

 

[xelite777]

A young trader used investors’ cash as his ‘personal piggy-bank’ and blew more than £500,000 in exclusive nightclubs, a court heard yesterday.

What an idiot!

He could have bought more than 1500 e-mini S&P 500 contracts (let's say before the Non Farm Payroll report) just with that money and at least he would have a chance to win big.

I mean stealing for stealing, why not give yourself a chance to hit the jackpot and still stay legit?

 

[Satan's Helper]

What an idiot!

He could have bought more than 1500 e-mini S&P 500 contracts (let's say before the Non Farm Payroll report) just with that money and at least he would have a chance to win big.

I mean stealing for stealing, why not give yourself a chance to hit the jackpot and still stay legit?

+ 1000

 

[usrx201]

Too bad the guy is British, otherwise it could yet be another episode of CNBC's "American Greed", announced by Stacy Keach ..." on this episode of American Greeedddd.." < with the ominous crime music in the background >