Forum Scams

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Tuffty

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An idea for a forum scam that came to mind.

1) Choose a market that trades 24 hrs a day.
2) Post a thread in the middle of the night when there is low activity on a forum.
3) On that post I post a number of possible trades with targets on individual posts.
4) Pick the one that worked out well and edit all the other posts.
5) Point people in the direction of my web site where I will charge you money.
6) Do a runner.
7) While it may not be honest those people parting with money will learn a valuable lesson

No idea if it would work or not or if anybody has ever tried it or something similar. Its just something that came to mind after reading of a scam in the book ‘A Mathematician Plays the Market’ by John Allen Paulos.
 
Who's a naughty tuffty then :devilish: 'Course you could always post a different selection of trades and targets on different boards under different nicks and then just concentrate on the board where the trade worked out. You probably hope that wouldn't turn out to be T2W 'cos the scambusters will get you :LOL:

Shall we go into business?

good trading

jon
 
The scam in the book involved 1000 people getting 10 consecutive correct calls on the direction of an index for 10 consecutive weeks. Impressive.

Of course the scam started with 64,000 letters going out, half of which said the index would go up, the other down. The next week you'd send out 32,000 letter to the same people who got the correct call and so on.

By the end you've got 1000 real believers (I think I'd be one of them too). You could charge them $1000 for your service no problem and make yourself $1m.

If you were a very clever scammer you may add this sort of thing onto the sort of scam mentioned above if one had obtained a list of email addresses.

Do you want to add that in to the business plan barjon?
 
The simplest scam is to try and flog systems that have been overfitted to recent data.

These system look really good but in real trading perform nowhere near as good as
they did in backtesting (they normally give breakeven results or some cases even lose money).

The people selling these systems know they are garbage (if they are any good they
wouldnt be selling them).
 
GammaJammer said:
How about - pick a day when there's likely to be carnage (payrolls), post a trade reccomendation in a dark deserted corner of a site (the lounge or something). Wait for the carnage to settle, then edit it a bit to make it reflect the exact turning points in cable or whatever (with plausible reasons why etc), then pop up in the trading forum saying 'see, I told you so' with a link to your original (now nostradamus like) post.
Click to expand...
Or how about bomard the site with loads of threads and messages so when you do go
back and edit one of your posts, no one can remember what you orginally wrote. Also
edit about twenty other posts while youre at it.
 
I'm sorry Mr Moderator. It's just if the trading ever goes down the pan and I'm wondering where my next meal is going to come from.........
 
As a relative innocent I had little idea that such devious people could devise and operate such devilish cunning ploys. Let this be a lesson to all us young and innocents that such people are abroad and scheming to get their hands on our.........( gulp ) money.

barjon. I am particularly surprised that you should get involved with such reprehensible reprobates.

And that Tuffty has such a lovely name I took him to be a nice young man. Names can be very deceptive!

Regards

bracke
 
bracke said:
.

barjon. I am particularly surprised that you should get involved with such reprehensible reprobates.

bracke
Click to expand...

Ah! Well my dear Bracke after many years and thousands of hours during which I've sacrificed wife, family, friends and life in general I've finally put the finishing touches to what I call my Statistical Correlation Analytic Matrix. I have backtested it since the beginning of time and it has given astounding results with only one losing year in 1666 which was due to incendiary problems in the London market. Since going live it has achieved over a 15,000% return every sixteen minutes. Obviously I can't say too much about it but I can say it involves opening gaps - a topic I know will appeal to some people I know.

Enjoy trading with SCAM.

jon
 
barjon said:
Ah! Well my dear Bracke after many years and thousands of hours during which I've sacrificed wife, family, friends and life in general I've finally put the finishing touches to what I call my Statistical Correlation Analytic Matrix. I have backtested it since the beginning of time and it has given astounding results with only one losing year in 1666 which was due to incendiary problems in the London market. Since going live it has achieved over a 15,000% return every sixteen minutes. Obviously I can't say too much about it but I can say it involves opening gaps - a topic I know will appeal to some people I know.

Enjoy trading with SCAM.

jon
Click to expand...

Woe,woe and thrice woe that you have sacrificed you nearest and dearest (expensive wife notwithstanding ) in pursuit of Mammon.

The 1666 conflagration was a warning that Sin Can Annihilate Man.

I urge you to repent before the gap closes over you forever.

Hallelujah

bracke

ps when you have finalised it may I have a copy.
 
Stupid People

Tuffty said:
The scam in the book involved 1000 people getting 10 consecutive correct calls on the direction of an index for 10 consecutive weeks. Impressive.

Of course the scam started with 64,000 letters going out, half of which said the index would go up, the other down. The next week you'd send out 32,000 letter to the same people who got the correct call and so on.

By the end you've got 1000 real believers (I think I'd be one of them too). You could charge them $1000 for your service no problem and make yourself $1m.

If you were a very clever scammer you may add this sort of thing onto the sort of scam mentioned above if one had obtained a list of email addresses.

Do you want to add that in to the business plan barjon?
Click to expand...

I suppose that the history of scams is that there are always some people stupid enough to fall for them. Apparently some people are still falling for the Nigerian "you've won lots of money but need to send a £1500 processing fee before it can be released" scam.

These people fall into the category of Population Control Volunteers as described on www.darwinawards.com. This site covers the often fatal stupidity that some people exhibit. The latest was someone killed when their Lava lamp exploded - after they had put it on the kitchen stove and turned up the gas!

(don't try this at home)
 
gcb01 said:
Apparently some people are still falling for the Nigerian "you've won lots of money but need to send a £1500 processing fee before it can be released" scam.
Click to expand...
It's a scam?
 
Oh no...be careful chaps. I think the forums guard dog has been sniffing around (post 14). He may find out what we're up to and start barking.

Here here doggy...here's a nice bone for you.
 
Ruff...

Tuffty, I would spend some time debating your comment, but I have some urgent phone calls to make. Nigeria actually...
 
lads try selling your laptop on eBay/PayPal and u will have a really good laugh.... :) did it once - during my 5 day auction I got 63 (i did count them) "offers" from practically every country in the world from Nigeria and Indonesia to Lithuania and Russia......

U know what the best scam is imo? Phony escrows. Some geezer sets up a web site which pretends to be an escrow service and then buys and sells using it. Gets both merchandise and money..... U shud really see what an examination of those "escrows" registries reveals..... Good laugh - but some ppl must be falling for that real bad......
 
Tuffty said:
The scam in the book involved 1000 people getting 10 consecutive correct calls on the direction of an index for 10 consecutive weeks. Impressive.

Of course the scam started with 64,000 letters going out, half of which said the index would go up, the other down. The next week you'd send out 32,000 letter to the same people who got the correct call and so on.

By the end you've got 1000 real believers (I think I'd be one of them too). You could charge them $1000 for your service no problem and make yourself $1m.

If you were a very clever scammer you may add this sort of thing onto the sort of scam mentioned above if one had obtained a list of email addresses.

Do you want to add that in to the business plan barjon?
Click to expand...

Whose mis-quoting my scam, that started with 512,000 letters, err em so I heard anyway :cheesy:
 
TheBramble said:
They're phony?

well established ones like www.escrow.com or www.yowcow.com (who r essentially an escrow as the seller gets his money only after buyer confirms he is happy with the merchandise) are not.

what I am talking about is some geezer registering an "escrow", getting 5 laptops from silly sellers and 5 payments from stupid buyers and then disappears..... when asked to send your stuff to an escrow u do not know always check their registry on www.registry.com. If it is too new or there r too many yahoo.com or hotmail.com e mails under "Administration" or the phone numbers registered do not respond or the address registered is non-existent - u get the idea right? :)
Click to expand...
 
Don't touch it. He bought it from me for a fiver after I had by chance acquired a lorry-load of them.
 
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