General Betting
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20 Apr 10
11:33
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Date Joined:
04 Apr 03
Found this through google ads when reading an article on-line:
http://www.lunchtimeprofitalert.com/lpa-brt.html?gclid=CLmOxZ-HlaECFVMB4wodpHqDNg
Sends out an email alerting plays.
Some examples of the plays:
* Back Wolfsburg to receive the first card in the game against Schalke;
* Back Athletico to have more corners in their game against Barcelona;
* Back that the number of off sides will be less than 6 in the Scunthorpe - Peterborough game.
Summary:
Low liquidity markets which means:
a) place his position
b) email out to "followers"
c) they "follow", price drops/moves
d) he trades out.
For more on this type of scam, google
Tokyo Joe + stock scam
He was dubbed a guru on the stock market. Had 3000 or so people paying him hundreds for info per month. He would buy penny stocks then recommend several months later, if they hadn't moved allowing him to sell, he would "recommend" them.
http://www.lunchtimeprofitalert.com/lpa-brt.html?gclid=CLmOxZ-HlaECFVMB4wodpHqDNg
Sends out an email alerting plays.
Some examples of the plays:
* Back Wolfsburg to receive the first card in the game against Schalke;
* Back Athletico to have more corners in their game against Barcelona;
* Back that the number of off sides will be less than 6 in the Scunthorpe - Peterborough game.
Summary:
Low liquidity markets which means:
a) place his position
b) email out to "followers"
c) they "follow", price drops/moves
d) he trades out.
For more on this type of scam, google
Tokyo Joe + stock scam
He was dubbed a guru on the stock market. Had 3000 or so people paying him hundreds for info per month. He would buy penny stocks then recommend several months later, if they hadn't moved allowing him to sell, he would "recommend" them.
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Replies: 19
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It's TOKYO JOE in the UK!!!!!!!!!!!
Look at this; Lunchtime profit alert is owned by FLEET STREET PUBLICATIONS. What do FLEET STREET PUBLICATIONS do? Drum roll please...... From a forum: I have been subscribing to Fleet Street Publications for over two years, and have received a lot of excellent financial information and advice. I have made profits from their Red Hot Penny Share tips - 34% profit on one lot of shares I sold and 57% profit on another. Here's the thread: http://www.scam.com/showthread.php?t=1820 |
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And if you dig deeper, you find a load of e-books, etc, and tip services on the stock market.
Any time anyone complains on a forum about them, it is followed by someone bashing the claimant. The simple fact remains that as the stock goes up, someone eventually is at the top and gets the loss. The only winners are on early. |
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Isn't that considered illegal?
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contrary to the Financial Services Act 1986 s 47(2).
Under section 47 any person who makes a statement, promise or forecast which he knows to be misleading, false or deceptive or which he makes recklessly, or a person who dishonestly conceals any material facts, may be guilty of a criminal offence. |
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Yes, that's how Tokyo Joe got nabbed.
He thought by holding onto the stocks for 9 months + would make it less apparent. Because he was charging people for the advice, even thought it was a news letter, it was enough to get him. I'm wondering if these guys are getting around it by "selling a system" then giving the advice for free (no time to see if there is a weekly subscription). |
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dont think you need to charge to be done. Misleading advertisments could fall foul of this. Maybe if the sites were not uk based. Also they might go under the radar of FSA i.e. not worth the effort
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sites seem to be UK based. Affiliated with a U.S. company, AGORA.
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strange that people want it so desperately that they hand over cash for these things. Its almost like they want to be mugged off
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There was the guy in one of the tabloids who got done for this and information wasnt charged for.
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Interesting stuff
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city slickers and Piers Morgan. goldman sachs is latest one under investigation accused of pumping investments to clients while dumping it full of sub priime loans.
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I don't think it's illegal when related to betting.
Bettors really get poor legal protection. The whole "if you bet you'd be foolish to expect to make money" seems common. The equivalent of insider trading in the betting markets is legal too. |
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Simple ramper so, yes, up to the subscribers to realize they are being used.
It's their penny stock advice that the FSA should look at. I'm sure they'll find some regular purchasers prior to the advice, be it a few weeks or several months before. |
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Found a "newsletter" site that looks at on-line money schemes, etc.
They posted about lunchtime. Seems they received letters from several satisfied users. It's called shortcut publications......and is owned by Agora who is affiliated with Freelance publications. Incestuous scamsters |
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Found a "newsletter" site that looks at on-line money schemes, etc.
They posted about lunchtime. Seems they received letters from several satisfied users. It's called shortcut publications......and is owned by Agora who is affiliated with Freelance publications. Incestuous scamsters |
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I've never understood who buys this crap. I've never traded shares but the whole thing was gobsmackingly obvious the very first time I saw it.
If I can see through such horsecrap, and I'm a reasonably trusting person, I have no idea what kind of utter dullard must fall for it. |
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Lori, I think some people want to believe it. Greed.
Look at Bernie Madoff. |
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I couldn't read through most of it. Paragraphs on paragraphs. Built to wear you down ("all this info, they must know something").
What is laughable, as mentioned before, they run these info sites then create scam buster sites under their same address (even contact details) to sing praises while shooting down others. |
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If something sounds too good to be true -
IT IS |