Impossibly large returns on investments

[Ken_Code]

LooneyTunes said:

He’ll almost certainly find that his £60 is actually now £0.

He should just walk away.

If he puts more money in he’ll certainly advance to Stage 2 (of proving to the scammers that he can be taken for more of the carrot/pitch is right).

There’s a small chance that they let him withdraw something to encourage him to put far more in.

[LooneyTunes]

Unlikely they’ll let him take anything out, given they’ve so far only got £60 from him.

More likely they’ll try to encourage him to pay a fee/invest to see even larger returns a la "The only problem you're gonna have is that you didn't buy more."

[bigandclever]

Misanthroper said:

So apparently it’s currency trading (so forex), £60 is now £800 but needs to pass £1300 to pass stage 2(??) before any money can be taken out.

No idea what the stages refers to, the whole thing sounds mega dodgy but they still only have £60 exposure.

Edited by Misanthroper on Monday 22 April 20:24

Whenever these scams (because that's what it is) turn up I post 'my' one .. and this ahole was my accountant!

https://citywire.com/wealth-manager/news/fsa-makes...

[chip*]

Misanthroper said:

So apparently it’s currency trading (so forex), £60 is now £800 but needs to pass £1300 to pass stage 2(??) before any money can be taken out.

No idea what the stages refers to, the whole thing sounds mega dodgy but they still only have £60 exposure.

Edited by Misanthroper on Monday 22 April 20:24

Have you told your friend they are been scammed, but your advice is been ignored?

If so, you've done your best so just sit back and let them crash and burn.