City trader owes 70m vanishes

[donaldduke]

Including almost 2 million to IG Index :-0

City trader who owes more than £70m vanishes | Mail Online

..
Mr Levene attracted investors who believed he was able to buy into share deals normally off-limits to the general public.

A number of wealthy, high-profile celebrities were among his clients.

They included Caring, who also owns the Ivy and Le Caprice restaurants in London, and bus company boss Brian Souter and his sister Ann Gloag.

It is understood she is claiming he owes the pair £18million.

According to a High Court writ, Mr Souter and his sister gave Levene £10million to invest in HSBC Bank and mining giant Xstrata.

The Scottish tycoons told him to sell when they each made £3.8million profit. They claim never to have received any cash.
..

Another day, another scam...

 

[Black Swan]

come on, come on...someone do the Wasp joke....:whistling

 

[squall321]

snakes everywhere in this "industry", i wouldn't trust any of them as far as i can throw them. if you can't rely on yourself then get out of it all together.

if it looks too good to be true, it is
if you want something for nothing, you'll end up getting nothing for something

 

[glyder]

And there'll be more of em crawling out of the wood work

 

[donaldduke]

Scam Funds
Boiler rooms
Rouge Brokers
Internet Rooms
Spread Bet Firms
Trading Coaches
Seminar Sellers
System and Software Vendors
Newsletters & Signal services
Prop Firms
...
...

The scammers/snake oil sellers/charlatans/bull sh!tters all trying to take your money exceeds the number of profitable traders in this industry by a huge margin.

 

[zupcon]

Scam Funds
Boiler rooms
Rouge Brokers
Internet Rooms
Spread Bet Firms
Trading Coaches
Seminar Sellers
System and Software Vendors
Newsletters & Signal services
Prop Firms
...
...

The scammers/snake oil sellers/charlatans/bull sh!tters all trying to take your money exceeds the number of profitable traders in this industry by a huge margin.

And of course T2W are happy to offer competative advertising rates to suit all budgets. simly email [email protected] for further details

 

[N Rothschild]

if your gona let someone else manage your money atleast do it with a reputable firm lol

 

[anley]

So many spivs around.

Here's an (almost) fail safe rule to use (applies mostly to people using margined products) -

When any one tries to convince you they can make money in the markets it's odd-on you'll lose.

So if you go through life saying no-no-no-no to everyone you're almost guaranteed to die with more money in your bank than if you'd invested with said people.

But of course, human nature being what is is, most won't realise the value of my rule.......

 

[ffsear]

LOL, who the hell would trust a bloke that looks like this...

The mouth smiles, but the eyes don't!

 

[donaldduke]

if your gona let someone else manage your money atleast do it with a reputable firm lol

Im sure Madoffs fund was very reputable.

"When you are handling surplus income to do not delegate the task to anyone. Whether you are dealing in millions or in thousands the same principal lesson applies. It is your money. It will remain with you just so long as you guard it."

 

[donaldduke]

LOL, who the hell would trust a bloke that looks like this...



The mouth smiles, but the eyes don't!

I dont think thats the trader/scammer, its one of the guys he scammed, probably not smiling now.

 

[counter_violent]

LOL, who the hell would trust a bloke that looks like this...

The mouth smiles, but the eyes don't!

He was one of the investors
The other one was the trader

 

[squall321]

Im sure Madoffs fund was very reputable.

"When you are handling surplus income to do not delegate the task to anyone. Whether you are dealing in millions or in thousands the same principal lesson applies. It is your money. It will remain with you just so long as you guard it."

totally agree!

That Madoff thing really took the cherry.

People gave their money to the "reputable funds", then the funds invested the money with madoff, so in the end your money ends up god knows where with god knows who.

The regulators were either in on it, or totally asleep.

Watch your own back because no one else will!

can't even trust a BANK these days, look at that iceland bank. snakes everywhere, as far as the eye can see

 

[Technically Fundamental]

Quantum fund ftw.

 

[firewalker99]

Including almost 2 million to IG Index :-0

Another day, another scam...

"He and his family have not been seen at their home and there are suspicions that he may be in northern Cyprus, where he has recently opened bank accounts."

Cyprus! Again!
What is it with Cyprus that attracts scammers?

 

[firewalker99]

come on, come on...someone do the Wasp joke....:whistling

Well it wouldn't be original any more.
But yeah, two remarkable resemblances: IGIndex and Cyprus.

 

[N Rothschild]

"He and his family have not been seen at their home and there are suspicions that he may be in northern Cyprus, where he has recently opened bank accounts."

Cyprus! Again!
What is it with Cyprus that attracts scammers?

cyprus doesn't have an extradition treaty with the UK..great place to flee to!

 

[arabianights]

also, it's the white slavery capital of europe!

 

[counter_violent]

This one has a hampster poster look about him.

 

[Black Swan]

And of course T2W are happy to offer competative advertising rates to suit all budgets. simly email [email protected] for further details

:-0 How could you