Insta-SCAM: 'Get rich quick' Instagram trader, 20, 'empties accounts of more than 1,000 investors in £3.5m fraud'

Insta-SCAM: 'Get rich quick' Instagram trader, 20, 'empties accounts of more than 1,000 investors in £3.5m fraud'

From dailymail.co.uk

A 'get rich quick' Instagram trader scammed more than 1,000 investors by emptying their accounts on Christmas Eve in a suspected £3.5million fraud, it has been claimed. Gurvin Singh, 20, is believed to have convinced as many as 1,250 people to join his 'copy trading' scheme with social media pictures of his jet-setting lifestyle. Investors say he messaged them claiming he was an authorised Foreign Exchange (Forex) trader, promising guaranteed profits of up to £300 a day and that they could withdraw their money at any time. But after a few months of healthy returns, alleged victims claim they saw their trading ... (full story)

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Comment #1
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Jan 9, 2020 5:05pm Jan 9, 2020 5:05pm

OnlineAddict
Joined May 2014 | Status: From1toMillion | 3196 Comments

One thing we must give him, he is good at marketing.

Everyone can see the chart, but only a few can actually read it.

Comment #2
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Jan 9, 2020 5:12pm Jan 9, 2020 5:12pm

cogs
| Joined Jul 2010 | Status: Member | 221 Comments

Jail may (or not) be the safest place for this low life.

My comments are not to be taken as trading advice, not a financial advisor

Comment #3
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Jan 9, 2020 7:45pm Jan 9, 2020 7:45pm

Guest
| IP XX.XXX.202.127

a fool and his money....

View Comment
Hidden for breach of Trader Code of Conduct

Nick.

Comment #5
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Jan 9, 2020 9:59pm Jan 9, 2020 9:59pm

OutThere
Joined Aug 2018 | Status: Member | 962 Comments

It's funny no one said a word when they were making money but when the money was gone, they all cried foul.

Comment #6
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Jan 9, 2020 10:24pm Jan 9, 2020 10:24pm

ThomasEdison
| Joined Dec 2019 | Status: Junior Member | 1 Comment

haizz. Perfect trick

Comment #7
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Jan 10, 2020 12:26am Jan 10, 2020 12:26am

nadiyakinare
Joined Dec 2014 | Status: Free Member | 14 Comments

i am glad he was not aware of how hedge funds runs in long run.

In the court of lord, only love and devotion is counted...

Comment #8
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Jan 10, 2020 1:40am Jan 10, 2020 1:40am

Menelaus
| Commercial Member | Joined Mar 2013 | 62 Comments

Same, that a lot of scammers are trying to make money on Forex, and the big ISSUE is that this guys how we investors, most of them will say and advertise that whole Forex is scan and this is damaging the image of real traders and professionals also.

That's why you always need to check the reality of the trader, personal data as passport or etc and of course proof of profitable trades.

Amiran Azaladze, Whatsapp and telegram +995593758310

Comment #9
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Jan 10, 2020 1:54am Jan 10, 2020 1:54am

Jewell59
| Membership Revoked | Joined Feb 2019 | 82 Comments

All easy to make comments until it happens to you. This is why I started learning Forex... I had a Man go to prison and ruined my life by allowing him to trade my money.

LEARN THE MARKETS! OR DON'T INVEST. These people NEED your money.. because they don' have MONEY.

Comment #10
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Jan 10, 2020 2:43am Jan 10, 2020 2:43am

aasa0076
| Joined Sep 2006 | Status: Member | 2 Comments

Sick people

Comment #11
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Jan 10, 2020 3:00am Jan 10, 2020 3:00am

Mingary
Joined Mar 2011 | Status: I should be on your ignore list | 2344 Comments

Just another common occurence in the wonderful world of retail forex, and certainly the only way (scheming and scamming) to make money in retail forex..
People just love to follow the guru rather than to think for themselves.
Just have a look at the popular threads on this site.

Comment #12
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Jan 10, 2020 3:14am Jan 10, 2020 3:14am

Chiel_m
| Joined Jul 2010 | Status: Member | 3 Comments

Easy come, easy go. People need to do their homework... especially when it comes to money/investments

Comment #13
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Jan 10, 2020 4:28am Jan 10, 2020 4:28am

tafadzwa02
| Commercial Member | Joined Jan 2009 | 21 Comments

This guy is a scam but he knows how to market , I give him that.I tried following these people myself till I realised that the only way to make money in Forex is to learn yourself and do it , and I have done it and it's been painful but at least i got there . I will NOT trade anyone's money , not ever . I just make my money and anyone who wants to follow me , should do so without me knowing even their names .There are a lot of site that provide such services .

Comment #14
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Jan 10, 2020 4:33am Jan 10, 2020 4:33am

Ra.
| Joined Sep 2018 | Status: Member | 64 Comments

i hate saying this but....people are stupid...

Comment #15
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Jan 10, 2020 5:27am Jan 10, 2020 5:27am

MXT
Joined Dec 2005 | Status: Member | 32 Comments

just another low-life scammer

Story Stats

Posted: Jan 9, 2020 4:42pm
Submitted by:
Newsstand

Category: Entertainment News

Comments: 15 / Views: 18,284