Trader goes missing after £130m of clients' cash disappears

[Blib]

There are no Father Christmasses.

[anonymous-user]

Newc said:

Edited: wrong Joe.

Edited by Newc on Sunday 21st December 12:24

Ha I thought the same thing when I first read it but the details didn't stack up. The 'real' Joe Lewis has paintings worth more than this clowns scam! Who puts their money with these people? Amazing

[Laurel Green]

Runs outside to check railings.

[Blib]

An aquaintance of mine is serving 13 years for an £86m fraud. He is, without a doubt, one of the most charming, charismatic people I've ever met.

[anonymous-user]

Justayellowbadge said:

...low risk, guaranteed returns...

Doh!

[soad]

Blib said:

An aquaintance of mine is serving 13 years for an £86m fraud. He is, without a doubt, one of the most charming, charismatic people I've ever met.

Sociopaths are charming, right?

[Hoofy]

Blib said:

There are no Father Christmasses.

WHAT???

[Blib]

soad said:

Blib said:

An aquaintance of mine is serving 13 years for an £86m fraud. He is, without a doubt, one of the most charming, charismatic people I've ever met.

Sociopaths are charming, right?

He certainly was.

[Abagnale]

Blib said:

soad said:

Blib said:

An aquaintance of mine is serving 13 years for an £86m fraud. He is, without a doubt, one of the most charming, charismatic people I've ever met.

Sociopaths are charming, right?

He certainly was.

I think I may know who that is, an acquaintance of mine took an investment from his company. It didn't end well.

[Blib]

Hoofy said:

Blib said:

There are no Father Christmasses.

WHAT???

There are no Father Christmasses.

Edited by Blib on Sunday 21st December 17:11

[wc98]

the simple fact is no matter how you dress any of this ste up it is no better than taking a punt at ladbrokes,and that includes all the "top" city traders. it is no more than gambling ,i have no sympathy for anyone that loses money in this way.
most people realise how hard they had to work to save the sums they invest ,yet think there is something magical about some smooth talking wker that promises to make them a fortune while they are sitting on their arse doing nothing.

[Hoofy]

Blib said:

Hoofy said:

Blib said:

There are no Father Christmasses.

WHAT???

There are no Father Christmasses.

Edited by Blib on Sunday 21st December 17:11

Ah, there is only one!

[Blib]

Hoofy said:

Blib said:

Hoofy said:

Blib said:

There are no Father Christmasses.

WHAT???

There are no Father Christmasses.

Edited by Blib on Sunday 21st December 17:11

Ah, there is only one!

In all seriousness. These schemes rely ilon the inherent greed of the investors. They seem to believe that they can beat the system. That there is a Father Christmas who will shower untold riches upon them.

Mugs.

[Randy Winkman]

Blib said:

An aquaintance of mine is serving 13 years for an £86m fraud. He is, without a doubt, one of the most charming, charismatic people I've ever met.

Hence, he got away with it for quite a while - like serial killers don't look like murderers.

[Foppo]

That amount of money the temptation is to big to do a runner.

Crime pays for him.

[Twilkes]

wc98 said:

the simple fact is no matter how you dress any of this ste up it is no better than taking a punt at ladbrokes,and that includes all the "top" city traders. it is no more than gambling,

Interesting - how does one become a top trader? Are they just lucky that their choices paid off, or is there some inherent skill involved in researching and choosing which investments to go for, and when to trade? Is there some kind of 'trader ability test' that you could carry out to determine which were the best traders, or are there any qualifications/certifications for tradering, similar to professions like architecture, IT and medicine?

Edited by Twilkes on Sunday 21st December 17:50

[anonymous-user]

wc98 said:

the simple fact is no matter how you dress any of this ste up it is no better than taking a punt at ladbrokes,and that includes all the "top" city traders. it is no more than gambling ,i have no sympathy for anyone that loses money in this way..

The only people who lost money were ordinary people who got scammed by a con man. What has this got to do with 'top city traders'?

[eldar]

wc98 said:

the simple fact is no matter how you dress any of this ste up it is no better than taking a punt at ladbrokes,and that includes all the "top" city traders. it is no more than gambling ,i have no sympathy for anyone that loses money in this way.
most people realise how hard they had to work to save the sums they invest ,yet think there is something magical about some smooth talking wker that promises to make them a fortune while they are sitting on their arse doing nothing.

All those rape and child abuse victims deserved it too? Odd you blame the victims.

[Blib]

N

eldar said:

All those rape and child abuse victims deserved it too? Odd you blame the victims.

No correllation whatsover. They were merely victims of their own greed.

[greygoose]

eldar said:

wc98 said:

the simple fact is no matter how you dress any of this ste up it is no better than taking a punt at ladbrokes,and that includes all the "top" city traders. it is no more than gambling ,i have no sympathy for anyone that loses money in this way.
most people realise how hard they had to work to save the sums they invest ,yet think there is something magical about some smooth talking wker that promises to make them a fortune while they are sitting on their arse doing nothing.

All those rape and child abuse victims deserved it too? Odd you blame the victims.

Seems to be a theme in the city, look at the threads blaming the victims of miss-selling for being greedy and getting compensation. Certain areas of finance seem to delight in making products extremely complex and then blaming punters for not understanding them.