I’ve come across some outlandish claims made by get-rich-quick schemes, but this is something else. “I want you to make hundreds of thousands of pounds in the next 30 days,” says someone using the name Jason Taylor. “If you don’t make it, I’ll pay you £10,000 in cold hard cash right out of my own pocket.” Testimonials include someone claiming to have made £764,000 in 29 days, adding “this is incredible”. Taylor claims: “100% completely free, no catches. “It couldn’t be easier,” he insists. “You’ll just click your mouse a few times then sit back and watch the profits like this flow into your account. When you make money at this rate you will officially be able to call yourself a millionaire in less than a few weeks.” This guff is promoting The Brit Method, software that allows you to carry out binary trading. Trading scheme or scam - the reality of the Brit Method Although sometimes … [Read more...] about The Brit Method says binary trading will make you a millionaire. As if.
Make money trading binary options
A man has been accused of duping 900 people out of their savings using a secretive Scottish ‘tax haven’ firm. Belarussian Vladislav Shevelenko promised investors returns of between 100 and 300 per cent a month if they put their money in to a finance firm officially based in central Glasgow. The 24-year-old was last week formally accused of fraud after heading what local media in Belarus have described as a classic pyramid scam using a Scottish limited partnership or SLP called New Assets Union or NAU. Loading article content The Shevelenko case comes after The Herald late last year revealed another SLP had been used at the heart of a far bigger get-rich-quick scheme affecting hundreds of thousands of people from Spain to Kazakhsan. Transparency campaigners have described SLPs, still openly advertised globally as an alternative to tax haven shell firms, as “Britain’s home grown secrecy vehicle”. Mr Shevelenko is accused of running his pyramid … [Read more...] about Police expose new overseas pyramid scam fronted by Scottish shell firm
(Reuters) – British online trading platform Plus500 expects 2018 revenue to be significantly ahead of market expectations and said a regulatory crackdown on spreadbetting in Europe was unlikely to hurt its business, sending its shares soaring. Plus500 shares, which rose 130 percent in 2017, were up 10.7 percent at 1,308 pence at 0816 GMT, making it one of the biggest gainers on FTSE Intl-AIM All Share Index. The stock had climbed more than 12 percent in early trading. Liberum analysts said the outlook for Plus500 was “very positive”, saying it had seen a big increase in clients in the fourth quarter of 2017 and had benefited from market volatility this month. The analysts rate the stock a “buy”. The company, which provides an online trading platform for retail customers to trade contracts for differences (CFDs), said core earnings rose 72 percent to $259.2 million (£186.4 million) for the year ending Dec. 31, while revenue rose 33 percent to $437.2 … [Read more...] about UK online trading firm Plus500 sees 2018 revenue ahead of market forecasts
The cryptocurrency fell 11 per cent to $9200 on Thursday 0SHARES Share Tweet Email A bitcoin (virtual currency) coin placed on Dollar banknotes is seen in this illustration picture, November 6, 2017. PHOTO: REUTERS Bitcoin, the world’s largest cryptocurrency, skidded 11 per cent on Thursday to its lowest since November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors. Thursday’s drop to as low as $9,022 on the Luxembourg-based Bitstamp exchange BTC=BTSP left bitcoin trading at less than half the peak price of almost $20,000 it reached in December. It slid more than 26 per cent last month, in its worst monthly performance since January 2015. Other cryptocurrencies, including Ripple, the third-largest by market value, and Bitcoin Cash, have also racked up double-digit declines in the last 24 hours, according to Coinmarketcap.com, which tracks the industry. Ethereum was up … [Read more...] about Bitcoin slides as Facebook ad ban, India clampdown unnerve investors
The City watchdog has warned members of the public to be on high alert to online investment fraud after revealing that tens of thousands of pounds were lost every day to scams. The Financial Conduct Authority (FCA) pointed to fraudsters offering internet investments in binary options, contracts for difference, foreign exchange and cryptocurrencies such as bitcoin. In addition, the FCA said that online had overtaken phone as the most common contact method for investment fraudsters for the first time. It said that such deals were often promoted on Facebook, Instagram and Twitter alongside images of luxury items such as expensive watches and cars, to “entice people to invest in their scams”. Typically promising high returns, after someone has invested, scamsters then “distort prices” on their website, tie people in with extreme pay-out clauses and even close customer accounts, refusing to pay back their money. The FCA also disclosed that last year investors lost … [Read more...] about Watchdog issues stark warning over online investment fraud