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FIB - Scams 101
Re: Forex Trading...
Posted By: Bill, the Roadie In Response To: Forex Trading... (Ellen Frist)
Date: Wednesday, September 16, 2009, at 9:32 p.m.(pst)
In Response To: Forex Trading... (Ellen Frist)
>> Has anyone here been in Forex Trading?
In over ten years of investigating on-line scam operations, I don't think I've ever seen a more 100% scamful one than Forex games and their close cousin HYIP.
If you've ever seen the "set up your own Forex site script" distribution forums like I have, you'd understand that only a few early participants ever manage to cash out a positive balance, and then only when the organizers feel it will pay off better to have a few good testimonials before fleecing the later entrants of all their "investments."
Advice: get out while you can. Don't think you're REALLY participating in what the regulated and (relatively) honest financial industry would call foreign exchange.
Of the ones you might be in, do you know the names, addresses, phone numbers and other contact details for the organizers? Could you find them in real life if you had to? The anonymity itself is a dead give-away of skulduggery. Many of the ones I traced were really run by kids in Indonesia or Malaysia, pretending to be adults. If you have one you think is different, post the URL and I'll see if I can trace who it really is.
Messages In This Thread
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Do yourself a favor and turn your legal team loose in greener pastures.
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