blame the kids - 5 yr old loses £50K spreadbetting!

[glyder]

Boy, 5, made £50,000 loss on spread-betting website Spreadex | Metro.co.uk

 

[DionysusToast]

lol - who's buying his story?

 

[Hoggums]

haha - likely story. But looks like he got away with it.

A 5 yr old knows how to log in, select oil, gold, silver - all commonly traded instrucments - enter trading amounts, obviously didn't bother with stops, execute the trades.

I can understand why spreadex would be a little miffed at this result and the judge needs his head screwing on properly.

 

[YouAreNotFree]

A likely story indeed

 

[new_trader]

5 yr old loses £50K spreadbetting...Just an average T2W member.

 

[BeginnerJoe]

Just a looser trying to blame it on the child.

 

[Liquid validity]

I'd be interested to know how far they went in establishing the visit to his friend as fact.
Phone records, card receipts in friends location at time of trades.
As they likely don't exist, judge is obviously on shaky ground.

Unless there is concrete evidence he wasn't in the house,
and no remote login (mobile / mates PC) judge is a moron, probably paving the way for similar claims.
SB will appeal, with a good chance of a win, and hefty legal fees
for the SB plank customer

 

[Patricia12]

I visited the website and read story as well but it is not sufficient to know the actual story behind it means how all thing happened in sequence.

 

[VendorExterminator]

What a coward for hiding behind a kid who's biggest worry is whether there are any Monster Munch left in the pantry.

 

[Ross Spur]

5 yr old loses £50K spreadbetting...Just an average T2W member.

The real downer is that my daddie won't give me any more pocket money.

 

[p-lab]

I visited the website and read story as well but it is not sufficient to know the actual story behind it means how all thing happened in sequence.

Yes I know just what you mean

 

[SybilCut]

Top effort

 

[eighteen]

Surely it's a breach of employment code for Jamie dimon to call Bruno iksil a five year old