College drop out, 23, claims he's become a millionaire

[JaredVannett]

Yes its the Daily Trash, but I couldn't resist sharing...



https://www.dailymail.co.uk/news/article-7553715/C...

Millionaire at 23 from forex trading... but wait what's this:

Daily Mail Article said:

"As I was trading people were asking for help and I realised that I could make money that way too."
Luke now charges people hundreds of pounds to learn his trading tips.

Same old chestnut.... fair play to him, but the insta lifestyle pics will attract the young gullible



Quick question for those in the know... can just anyone start up a forex/stocks "school" without any regulatory certification from FCA?

[chml]

JaredVannett said:

Quick question for those in the know... can just anyone start up a forex/stocks "school" without any regulatory certification from FCA?

I'd imagine so as he/they will be unlikely to handle any transactions - he'll no doubt have an e-book that he sells for £XXX a pop full of stuff that he has copy and pasted

[DonkeyApple]

He will have been hired to bring ‘mugs’ into an offshore bookies to be processed.

The really smart services use masked demo data to show the ‘marks’ how easy it is to win etc.

What I’ve never understood is that the people at the tabloid know all too well that it is a scam and someone is clearly getting paid to promote the scam. They do this time and time again but no one can be bothered to shut them down.

As for the regulatory aspect, it comes under the FCA remit if you are receiving a remuneration related to the client activity but this gets circumnavigated bybpaying affiliate rewards, invariably to a different legal entity to the one doing the trade ‘advising’ although distributing a non tailored signal or alert to a group of individuals is not deemed as advising or even a regulated activity. The long and the short is that you can run the scam very easily without falling foul of the FCA. All that remains is whether the promoter pays the taxes due or why a tabloid publishes a storybitnknows not to be true and their actions will do considerable financial harm to their clients.

[chip*]

Maybe I am getting old and grumpy, but I don't have any sympathy for anyone who believe in these scams. May sound harsh to some, but I just view these 'investment' as another form of tax on the dumb and stupid.

[Groat]

DonkeyApple said:

The long and the short is that you can run the scam very easily without falling foul of the FCA.

Is the FCA you speak of this one ?....

https://pension-life.com/db-transfers-fca-hasnt-a-...

[2Btoo]

Nah, I believe him. It's all true. Of course he made that much money and owns those cars and houses and watches.

[oldaudi]

It’s the wearing of artic prepared Canada Goose coats with shorts, espadrilles and no socks that make me chuckle. I also find It weird that surely this business depends on electronic transactions and trades. So where and why has he got £1000s in used £20s in his kitchen?

[DonkeyApple]

It’s all part of the marketing. The whole tabloid article will read as an advertorial. It will make specific mentions of key lifestyle desires of the target mug, so piles of cash, cars, holiday, shopping and probably multiple houses. They usually also explain that you can start with no money by borrowing from friends or mentioning a small amount that they know the average mug can get their hands on.

I would wager that the advert was emailed in full and the tabloid lawyers just added the words ‘claim’ and ‘allegedly’ in enough places to allow them to publish and be paid.

The fx trading and binary scams are targeting the younger mug whereas the minibond version is written differently to target the pensioner mug, with the P2P, penny share stuff targeting the middle aged ones.

[dudleybloke]

Did he grow his own beard?

[stongle]

PH is slipping, in one post he has a C63 and in another a CLS. Also his NYC shopping trip looks to be suspiciously like a painting of the Big Apple. 800 pound Canada Goose jacket paired with 20 quid Abercrombie hat, really?

Haven’t we had loads of threads on these scammers? I have a betting strategy where you might make a million every time you go the casino, if you start with 100 pounds. As DA says these advertorials should be banned, or at least the media outlets sanctioned for promoting this nonsense. They wouldn’t print an add for the EDL to bash a foreigner (probably not in the Mails case) but it’s ok to promote obvious scams / theft. If the scammers are offshore, then something needs to be done about the media here.

[Foliage]

oldaudi said:

It’s the wearing of artic prepared Canada Goose coats with shorts, espadrilles and no socks that make me chuckle. I also find It weird that surely this business depends on electronic transactions and trades. So where and why has he got £1000s in used £20s in his kitchen?

That's his secret he also does 30 hours a week as a plasterer cash in hand, that's how he actually got rich.

[JulianPH]

https://www.pistonheads.com/gassing/topic.asp?h=0&...

Hilarious!

[Truffles]

The DM runs these articles regularly promoting different traders. If I were of a suspicious mind, I might think that someone is getting paid to promote these people.

https://www.dailymail.co.uk/news/article-7123357/O...

https://www.dailymail.co.uk/news/article-6943523/S...

https://www.dailymail.co.uk/news/article-5272869/B...

https://www.dailymail.co.uk/femail/article-3383759...

https://www.dailymail.co.uk/news/article-3742872/S...

[DonkeyApple]

These rent boys don’t get the articles published. The tabloid journo doesnt write them. There will be someone renting the boys at one end and facilitating the promotion at the other.

One can probably assume it’s someone hired by the entity that makes the most money out of it all.

[JaredVannett]

Could not make this up, someone in my circle messaged me a link to the same dailymail article I posted. They know I have an interest in markets and do a little trading... they were lapping the article up!

It took three attempts to show them it was all bullst, the perfect insta life, the young guy who has it all, trading made simple - join today for £99. I felt bad because their mood deflated once they saw the raw truth... I tip my hat to the architect of this... it works!

Truffles said:

The DM runs these articles regularly promoting different traders. If I were of a suspicious mind, I might think that someone is getting paid to promote these people.

https://www.dailymail.co.uk/news/article-7123357/O...

https://www.dailymail.co.uk/news/article-6943523/S...

https://www.dailymail.co.uk/news/article-5272869/B...

https://www.dailymail.co.uk/femail/article-3383759...

https://www.dailymail.co.uk/news/article-3742872/S...

Brilliant, soo much bull it's hilarious

DonkeyApple said:

These rent boys don’t get the articles published. The tabloid journo doesnt write them. There will be someone renting the boys at one end and facilitating the promotion at the other.

One can probably assume it’s someone hired by the entity that makes the most money out of it all.

I guess it isn't far fetched to assume each one of these superstar traders has some kind of IB broker agreement? They are then incentivised to bring the poor mugs (the gullables) onto the broker platform via their 'trading schools'. Reality will then hit when it's just beans on toast for a few years.

[Pothole]

DonkeyApple said:

These rent boys don’t get the articles published. The tabloid journo doesnt write them. There will be someone renting the boys at one end and facilitating the promotion at the other.

One can probably assume it’s someone hired by the entity that makes the most money out of it all.

No, it can't be Chantelle Edmunds, she's had some quality stuff published:

https://www.dailymail.co.uk/home/search.html?s=&am...

[2Btoo]

Truffles said:

The DM runs these articles regularly promoting different traders. If I were of a suspicious mind, I might think that someone is getting paid to promote these people.

https://www.dailymail.co.uk/news/article-7123357/O...

https://www.dailymail.co.uk/news/article-6943523/S...

https://www.dailymail.co.uk/news/article-5272869/B...

https://www.dailymail.co.uk/femail/article-3383759...

https://www.dailymail.co.uk/news/article-3742872/S...

Those are all real. I believe them.

[Zingari]

dudleybloke said:

Did he grow his own beard?

Doubtful.

[I 8 a 4RE]

I'm most offended by the multi-colour bricks on that house to the left!

Did they knick the bricks at night from two different properties?

[Truffles]

The mail has another one!

https://www.dailymail.co.uk/news/article-7706745/M...

See how this time there is the word "Advertisement" in really small type right at the end of the article.