Scammer made £1.5m

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Old Nov 30, 2011, 12:35pm   #1
 
glyder's Avatar
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Scammer made £1.5m

Middle-class boy set up 'robot' program to give financial advice to investors and pocketed £1.5m | Mail Online

I'm amazed at the amount this boy made with his scam.
1.5m is a lot of £30 per month payments...was some of the profits
from front running?
If he can make this much serious scammers must be way off the scale.
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Old Nov 30, 2011, 12:40pm   #2
Joined Oct 2006
Re: Scammer made £1.5m

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Originally Posted by glyder View Post
Middle-class boy set up 'robot' program to give financial advice to investors and pocketed £1.5m | Mail Online

I'm amazed at the amount this boy made with his scam.
1.5m is a lot of £30 per month payments...was some of the profits
from front running?
If he can make this much serious scammers must be way off the scale.
It seems he was also involved in a pump and dump scam, he was buying the shares he was pumping and seems to have made money that way as well as with subscriptions. I doubt it was all his own work, somebody else was probably in on it though they haven't been caught as yet.
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Old Nov 30, 2011, 12:45pm   #3
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Re: Scammer made £1.5m

We see the penny stock pump and dumps here all the time. If I knew i could make 1.5 million I'd be tempted to try it myself.

Peter
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Old Nov 30, 2011, 12:53pm   #4
 
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Re: Scammer made £1.5m

at least we know where bs went to
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Old Nov 30, 2011, 1:51pm   #5
 
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Re: Scammer made £1.5m

Wow, im almost jealous!


If he can do that at age 16, surely in a few years he could be quite successful in legitimate business in future.

FTA
Quote:
A former classmate said: ‘He was a bit of a nerd who always wanted to be cool. He said to me: “I don’t know anything about stocks and shares, but they don’t know that. Those shares could go up and I could make them billions – but probably not. It could go either way. They could make a fortune or they could lose one”.’
Although he does seem rather cold for a 16 year old!
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Old Dec 1, 2011, 2:51pm   #6
 
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Re: Scammer made £1.5m

glyder started this thread Telegraph is onto it now....
£1.5m online get-rich-quick share tips scam – Telegraph Blogs
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Old Dec 1, 2011, 3:05pm   #7
 
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Re: Scammer made £1.5m

legend
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