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Jacko's Forex House of Pleasure and Pain

  • #11,341
  • Aug 12, 2010 3:05pm Aug 12, 2010 3:05pm
Well hallelujah!
Chase Bank was able to get my funds back from “Wayne’s” HSBC account in Hong Kong.
(P.S., HSBC provided me directly with NO info. They would not even tell me if the funds had been deposited to his account.)

And they were so happy to do so that they charged me $40 for the service..
Guess that was a $40 lesson learned.

Good luck to the rest of the folks that were involved with this scam.
  • #11,342
  • Aug 12, 2010 3:08pm Aug 12, 2010 3:08pm
Quoting ratman
I think it is mathematically/psychologically impossible to run a ponzy scheme for such a period.
Does the name Bernie Madoff ring any bell's..................
  • #11,343
  • Aug 12, 2010 3:18pm Aug 12, 2010 3:18pm
hmm how much did you have in the fund and who did you go through and when?

Quoting Poe
Well hallelujah!
Chase Bank was able to get my funds back from “Wayne’s” HSBC account in Hong Kong.
(P.S., HSBC provided me directly with NO info. They would not even tell me if the funds had been deposited to his account.)

And they were so happy to do so that they charged me $40 for the service..
Guess that was a $40 lesson learned.

[font=Calibri][size=3]Good luck...
  • #11,344
  • Edited 3:33pm Aug 12, 2010 3:23pm | Edited 3:33pm
Quoting Poe
Well hallelujah!
Chase Bank was able to get my funds back from “Wayne’s” HSBC account in Hong Kong.
(P.S., HSBC provided me directly with NO info. They would not even tell me if the funds had been deposited to his account.)

And they were so happy to do so that they charged me $40 for the service..
Guess that was a $40 lesson learned.

[font=Calibri][size=3]Good...
Thanks for sharing your success on getting the money back. That is good news. Is this the Jackson Fortress investors' fund or the $700 apprentice fees? If it is the former, how do you tell Chase (is it a HK branch of Chase?) about your fund to get their assistance? So you just provide Jacko's HSBC bank account info to Chase (which probably had wired the fund to HSBC before)? Did you just do the bank wire to HSBC not long ago or your fund has been from the beginning of the Jackson Fortress company? What reasons you gave to Chase to justify the refund from HSBC? I wonder if HSBC needs to inform Jacko that some money will go out of his bank account? If you can be more specific how you did it, we will highly appreciate it. Thanks.
  • #11,345
  • Aug 12, 2010 3:27pm Aug 12, 2010 3:27pm
it be a 700 dollar account return from before cant really go to hsbc in hong kong and say i sent 100k to jacko in 2008 can i have it back please id say
  • #11,346
  • Aug 12, 2010 3:41pm Aug 12, 2010 3:41pm
Quoting ratman
.... I think it is mathematically/psychologically impossible to run a ponzy scheme for such a period.....
Ha? Madoff did it for decades
  • #11,347
  • Aug 12, 2010 3:48pm Aug 12, 2010 3:48pm
http://images2.fanpop.com/images/pho...-1280-1024.jpg
  • #11,348
  • Aug 12, 2010 3:52pm Aug 12, 2010 3:52pm
@ fxbillie (http://www.forexfactory.com/member.php?u=58071) :
Thanks for sharing your success on getting the money back. That is good news.
Is this the Jackson Fortress investors' fund or the $700 apprentice fees?
It was the apprentice fees.
If it is the former, how do you tell Chase (is it a HK branch of Chase?) about your fund to get their assistance? N/A.
So you just provide Jacko's HSBC bank account info to Chase (which probably had wired the fund to HSBC before)?
I told them the date and amount of the transfer, and that I had not received the services that the funds had been transferred for and that the receiver was unresponsive to emails.
Did you just do the bank wire to HSBC not long ago or your fund has been from the beginning of the Jackson Fortress company?
Transferred on 27 July 2010.

@ meepatme (http://www.forexfactory.com/member.php?u=57386) : it be a 700 dollar account return from before cant really go to hsbc in hong kong and say i sent 100k to jacko in 2008 can i have it back please id say .
HSBC in Hong Kong will not help you at all, but it wouldn’t hurt to tell your bank that did the transfer.
  • #11,349
  • Aug 12, 2010 4:05pm Aug 12, 2010 4:05pm
Quoting Poe
Well hallelujah!
Chase Bank was able to get my funds back from “Wayne’s” HSBC account in Hong Kong.
(P.S., HSBC provided me directly with NO info. They would not even tell me if the funds had been deposited to his account.)

And they were so happy to do so that they charged me $40 for the service..
Guess that was a $40 lesson learned.

[font=Calibri][size=3]Good luck...
how did you get the $700 back?
  • #11,350
  • Aug 12, 2010 4:39pm Aug 12, 2010 4:39pm
Your trusting a guy with 5 posts and no profile at all??????? .......
  • #11,351
  • Aug 12, 2010 4:47pm Aug 12, 2010 4:47pm
Quoting tradestar1
Your trusting a guy with 5 posts and no profile at all??????? .......
That was my initial impression too, that guy is just trying to be cute and play games. He got his money back my arse.
  • #11,352
  • Aug 12, 2010 5:01pm Aug 12, 2010 5:01pm
Quoting TJPLD
Maybe that's him.

http://www.cvonline.lt/client/fullcv.php?i=59&cv_id=3313775&CvList_id=9406635

The last part translates to:

"Other information


[...]

Since 2008 March.

– Jackson Fortress Asset Management Ltd [..]

."
This is what google translator says:

Lithuanian to English translation
Personal Data
Age: 28
Gender: Male
Marital Status: Unmarried
Native language: Lithuanian
Education: Higher Education
The current job status: Employed
International experience: Yes

CV update: 08/20/2009


Introduction:
American / Lithuanian citizen, without fear of making any life
challenges, and perfectly capable of coping with them looking for interesting,
conducive to progress in labor management.
Higher Education
Edward R. Murrow High School (USA)
Study period: 1997-2001


Higher Education
Kingsborough Community College, NYC U.S. university students
Home: 2002 - 2008, Economic Science


Work experience
Tasks: Traffic management and coordination problems that decision, reporting, billing, freight forwarding services.
Challenges: communication with potential new clients and maintenance, transport streams (Western European) co-ordination and control and reporting.
Achievements: I gained experience in transport / logistics, communication, negotiation and diplomacy skills with clients from western Europe.
Objectives: The individual firm engaged in industrial painting of metal structures.
Achievements: I gained organizational, communication, bargaining, labor organization, strategic thinking, operational planning skills.
Exodus Cause: The slowdown of the economy of Lithuania and the decline in orders decided to take other action.
Language skills
English Speaking: excellent Writing: excellent understanding: Excellent
Lithuanian Speaking: excellent Writing: excellent understanding: Excellent
Russian Speaking: Average Writing: Understanding the Basics: OK
Spanish Speaking: Writing Essentials: Understanding Averages: Averages
Additional information about language skills freely, speak / write English. Can speak Spanish and Russian.


Computer knowledge
Linux Basics
The average level of Windows 95/98
Specialist level in Windows 2000, Windows NT, Windows XP
Additional information on computer skills, Microsoft Word, Excel, Explorer, Internet, all operating systems, installing software, computer parts installation / replacement, computer assembly / repair. Strong computer skills.


Requirements for future work
Priority Organization / Management, Position: Manager
Desired occupation: (1) manager (industry / manufacturing)
Additional information: I am open-minded and constantly searching for innovations and challenges. I look forward to the various job offers.
Next Public Choice and Public Administration, Position: Manager
Preferred occupation (2): Administration Guide

Good working hours: Full-time
Job Description: I am a talented person with the proper preparation can perform almost all tasks.


Eligible business description
Activity: Services
Location: USA


Additional information on how to work
Availability to start work on 1 month period
Access to Travel: Yes
Not ready for voluntary work
Monthly salary (net): 2000.00


License
Acquired Category: A
From: 2000
Own car for work: Yes


Additional information on the candidate
Personality: I am a leader, hard to reach this goal, strong, receptive to innovation, curious.
Weaknesses: stubborn and tenacious to achieve a goal.
Interests, hobbies: Autosport, basketball, downhill skiing, forex.


Other information
Additional information on the candidate: 2007 August-October - seminars, business start. Receive a diploma. Since 2008 March. - Jackson's Fortress Asset Management Ltd group. Completed diploma in industrial safety.
For the correctness of the information, editing and regularity of the language, the letters of your CV, the responsibility of the job-seeker.
  • #11,353
  • Aug 12, 2010 5:19pm Aug 12, 2010 5:19pm
Well simply ask your bank if they can charge back to money you send to him.
It's higly unlikely that it will work but it won't hurt you to contact your bank and see if they can do something.

If you are charged via wire transfer there is always the option to get a refund at least here in the EU. I don't know if that works if you deposited money.
  • #11,354
  • Edited 8:02pm Aug 12, 2010 5:40pm | Edited 8:02pm
Quoting TinaLousie
Well , I am willing to ask anyone for help at this point. I can only ask and if he is honest he will help. If he isn't then I will have to keep moving forward.
I hope that Poe will come forth with more info if he/she does manage to get a refund from HSBC back to the original bank where the transfer occured. If it is not real, please don't put more insult to the wounds. I don't have a large fund with Jacko, but some members here have their life saving or household working capital tied in to this matter, which is getting more serious as the days roll by and funds are not returned.
  • #11,355
  • Aug 12, 2010 6:40pm Aug 12, 2010 6:40pm
Quoting ratman
The man is innocent until proven otherwise (fraud issue that's rising in here)
You're dead wrong. In the FX world, everyone is guilty until proven profitable with tax/bank/broker statements... period.

On a side note note: The #1, IMHO, predictor of a scam in process is the use of testimonials as proof of quality. We must start using objective evidence... this would put %99.9999 of the members out of commission.
  • #11,356
  • Aug 12, 2010 7:25pm Aug 12, 2010 7:25pm
Quoting TJPLD
Well simply ask your bank if they can charge back to money you send to him.
It's higly unlikely that it will work but it won't hurt you to contact your bank and see if they can do something.

If you are charged via wire transfer there is always the option to get a refund at least here in the EU. I don't know if that works if you deposited money.
I am not so sure that you can reverse a wire once it goes out, much less after a long period of the funds being wired. That is why eBay advises purchasers not to pay by wire, as eBay states that such buyers will have no recourse. eBay advises not to purchase from or to be very leery of sellers who only offer wire transfer as source of payment.

That is why I think Poe is playing games. 5 post and joined August 5. Call me a cynic if you want but that Poe might be a cohort of you know who, diverting attention and delaying action. Remember, the longer you wait to do something with the authority or govermental agencies in charge of this sort of thing, the less chance of recovering any money as it may be well long have been spent or well hidden.
  • #11,357
  • Aug 12, 2010 7:33pm Aug 12, 2010 7:33pm
Quoting wwwin
I am not so sure that you can reverse a wire once it goes out, much less after a long period of the funds being wired. That is why eBay advises purchasers not to pay by wire, as eBay states that such buyers will have no recourse. eBay advises not to purchase from or to be very leery of sellers who only offer wire transfer as source of payment.

That is why I think Poe is pulling your leg.
I'm not so sure. I transferred some money to my Oanda account. One day I see it in there and the next it is gone. When I asked Oanda where the money had gone, they told me to contact my bank. My bank had thought that it was a fraudulent transfer and had recalled it from Oanda without my knowledge.

Poe could have contacted his bank, explained the situation and they may have been able to recall the transaction since it was a relatively new transfer.
Nothing worth having is easy.
  • #11,358
  • Aug 12, 2010 7:37pm Aug 12, 2010 7:37pm
Quoting Patience
I'm not so sure. I transferred some money to my Oanda account. One day I see it in there and the next it is gone. When I asked Oanda where the money had gone, they told me to contact my bank. My bank had thought that it was a fraudulent transfer and had recalled it from Oanda without my knowledge.

Poe could have contacted his bank, explained the situation and they may have been able to recall the transaction since it was a relatively new transfer.
Maybe so, but I am sure that there is a time limitation regarding when a bank can do this. Maybe eBay means wires to western union not banks. At any rate, these people must move fast, even if the bank can reverse the wire, the funds need to be in the account where they were deposited for the wiring bank to get it back.
And the man already posted today that an employee had diverted some of the fund refunds.
  • #11,359
  • Aug 12, 2010 7:43pm Aug 12, 2010 7:43pm
Quoting wwwin
Maybe so, but I am sure that there is a time limitation regarding when a bank can do this. Maybe eBay means wires to western union not banks. At any rate, these people must move fast, even if the bank can reverse the wire, the funds need to be in the account where they were deposited for the wiring bank to get it back.
And the man already posted today that an employee had diverted some of the fund refunds.
True. It would have been helpful if Poe had explained exactly how he had got his bank to get the money back.

Employee? What employee? Can I just quote Jacko himself in Post No. 2 of this thread:

There are:

1. no rent of offices (that is, NO dealing with Realtors, Lawyers, and government departments...man, what a pain in the ass). Also no office fit-out costs

2. no staff, (man, unless you have had large numbers of staff depending on YOU for their paypacket each week, you cannot know what a huge pain in the ass it is. They ALL want you to solve their problems)

You don't trust any employee to transfer any money to anybody. Well, not in my world.
Nothing worth having is easy.
  • #11,360
  • Aug 12, 2010 7:59pm Aug 12, 2010 7:59pm
One thing that still just doesn't make sense to me is...... Why would he tell everybody that he was closing the fund and then run the scam?
If he was really going to scam people why not just disappear and not say anything about it at all?
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