Jacko's Forex House of Pleasure and Pain | Page 574 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #11,461
  • Aug 13, 2010 7:53am Aug 13, 2010 7:53am
Quoting danc
Of course i BLDY DONT..Thats a stupid question.. Just open your eyes and look at the similaritys....If u cant u certainly havnt looked to hard..
How much did u loose..??1000??5000??If so any Lawyer worth his salt will tell u DONT WASTE YOUR TIME.....
wtf i didnt bother researching too much whats your point? If this PIPS scam has nothing to do with the Jacko scam then who givs a fk!

You're just diverting attention away from the real issue here

Are we sharing internet scam stories now?>

I didnt lose anything but are you telling these poeple to give up? you're an idiot
Time hides Nothing
  • #11,462
  • Aug 13, 2010 7:55am Aug 13, 2010 7:55am
Quoting cloggie
Not quite, http://www.sitnews.us/0906news/090206/090206_charged.html

http://www.ssb.state.tx.us/Enforcement/files/1587.pdf

Yes i do remember that.. it was some time ago.. There was also a strong story that all walked and nothing was concluded..
  • #11,463
  • Aug 13, 2010 7:55am Aug 13, 2010 7:55am
Quoting TJPLD
I want to encourage all affected members to contact Law Enforcement Agencies. It won't cost you anything don't be afraid you have nothing to lose.
Give them all the information that you've got.

They will then get in touch with ForexFactory and obtain IP Addresses.
A Crime has been comitted don't let the thiefs get away with it.
Well said...get this guy put to justice. I bet you he is watching this thread everyday. He probably has many usernames.

Right FF staff members where are you...are you going to say something here?
  • #11,464
  • Aug 13, 2010 7:57am Aug 13, 2010 7:57am
Quoting CindyXXXX
wtf i didnt bother researching too much whats your point? If this PIPS scam has nothing to do with the Jacko scam then who givs a fk!

You're just diverting attention away from the real issue here

Are we sharing internet scam stories now?>

I didnt lose anything but are you telling these poeple to give up? you're an idiot
..I am an Idiot i am starting to think thats exactly what u are..for FKS sake cant u see the similaritys here.. If not what are u on..
  • #11,465
  • Aug 13, 2010 8:00am Aug 13, 2010 8:00am
Funny that the blog is still being updated
  • #11,466
  • Aug 13, 2010 8:01am Aug 13, 2010 8:01am
Quoting danc
..I am an Idiot.
well at least you can admit it...

JOKING!

sorry i didnt read much of it it was so long i just jumped the gun and was wondering if it was jacko ... nevermind
Time hides Nothing
  • #11,467
  • Aug 13, 2010 8:02am Aug 13, 2010 8:02am
Quoting Fxtrader

Right FF staff members where are you...are you going to say something here?

Not sure what FF staff can add to this. This one has blown out of all proportions, it was originally just a 700 dollar a year service provider that was rightly put in the commercial section. Nobody until a few days ago has ever admitted having put in 100,000 dollars as an investment (I read a few of the earlier pages in the thread and gave up in the end)

You can't really blame FF for all the cultmembers here who vehemently defended Jacko at all times from any voice of reason and were good in illiciting crappy comments from those so they could be reported and banned.

None of the banned posts (see recycle bin) ever mentioned anything to do with solliciting 100,000 dollars from each of the noobs here.

It just shows again how some of our newer traders here can get easily sucked into a lossmaking situation and are totally blinded by the promises of money.

A great example of one of the phsycological behavioural patterns that stands in so many traders' way of success: Greed.

I do agree though, the commercial section of this forum is a total waste of space and bandwidth.
  • #11,468
  • Edited 8:15am Aug 13, 2010 8:02am | Edited 8:15am
I don't know anything about Jacko and have never followed this thread.

I recall that a year or two ago, FxTerrapin startred a thread saying Jacko was a fraud and was concealing losses.

I've never seen such a dog pile of defenders. It was like Jesus had been insulted.

The thread was deleted quickly. It may still be in the Recycle Bin.

EDIT-
Found it:

http://www.forexfactory.com/showthread.php?t=172030
  • #11,469
  • Aug 13, 2010 8:02am Aug 13, 2010 8:02am
Quoting Scotty2Cues
Funny that the blog is still being updated
I dont think this scam was pulled by Jacko on his own, he might have some other people...so anyone of them can be updating the blog.
  • #11,470
  • Aug 13, 2010 8:18am Aug 13, 2010 8:18am
Quoting Fxtrader
I dont think this scam was pulled by Jacko on his own, he might have some other people...so anyone of them can be updating the blog.
yeah just like wisdomfx's scam is being done by his group
  • #11,471
  • Aug 13, 2010 8:25am Aug 13, 2010 8:25am
Quoting Scotty2Cues
Whats the story with deleted posts?

Would not have signed up to education if I knew people were investing $5000. I thought something was up when he came back from break and wasnt replying to emails. When someone posted the other day about giving him $5000, it had scam written all over it.
man I have no idea what is going on, but reading stuff like that. That just plain smells. WHo takes 5k from someone? I feel bad for those that fell for it. But 5k is a peanut show in trading no "trader" would ever have any upside to taking money in sizes like that

Sad day
  • #11,472
  • Aug 13, 2010 8:28am Aug 13, 2010 8:28am
Quoting CindyXXXX
WHERE IS TWEE?
Talking with their lawyers to see how they can protect themselves from a class action law suit.......... they binned posts that warned of this being a scam.
Thats only a start, the whole commercial section requires some responsibility on FFs part.
Their piddly assed disclaimer won't hold water if a good lawyer gets ahold of this.......
  • #11,473
  • Aug 13, 2010 8:40am Aug 13, 2010 8:40am
Quoting tradestar1
Talking with their lawyers to see how they can protect themselves from a class action law suit.......... they binned posts that warned of this being a scam.
Thats only a start, the whole commercial section requires some responsibility on FFs part.
Their piddly assed disclaimer won't hold water if a good lawyer gets ahold of this.......
Not really blaming TWEE for any of this seems he was fooled just like the rest of us... I mean I never invested anything with the guy or followed his method but I know the general concensus was that hes up there with the likes of J16 (god dam hope they're not the same person) Does Jim have a fund just out of interest?

Amazing patience for a scammer... Makes you wonder how fked up he must be in the head, I mean he coulda been working an honest living like the rest of us and made the same ammount of money over that time... i just dont get it... A real sicko how he (they) sleeps at night I will never know... If you can mastermind something like this surely you could use those braincells for something legit...

I remember someone from his group telling me about a year ago that Jacko lost 1 million dollars on one trade or something and was pretty spewin about it...

Perhaps this is when the tables turned and he had no choice but to get the money back through his loyal followers... I just cannot believe that any human would be so callus and calculated to have planned this from the start...

Even serial killers would have more remource than that... To be able to lie to good hearted lovely peoples faces day in day out - the killer would have pulled the trigger long ago.

Its sad - and I dont thhink these people are stupid for getting involved the hype that surrounded the guy on the forum was enough convincing for most...

I mean even the FOREX FACTORY moderators were praising him like Jesus... No one would have thought twice about checking his credentials.

Ugh - the whole situation sux dick and maybe its the beers talking but if I was loaded enough I'd just about give these people their money back myself right now.


BUT YES WOULD BE NICE TO HAVE SOME SORT OF UPDATE FROM TWEE
Time hides Nothing
  • #11,474
  • Aug 13, 2010 8:41am Aug 13, 2010 8:41am
As to scammers and their patience..... Remember Bernie Madoff..... he ran his scam for YEARS.
  • #11,475
  • Aug 13, 2010 8:42am Aug 13, 2010 8:42am
Quoting tradestar1
Talking with their lawyers to see how they can protect themselves from a class action law suit.......... they binned posts that warned of this being a scam.
Thats only a start, the whole commercial section requires some responsibility on FFs part.
Their piddly assed disclaimer won't hold water if a good lawyer gets ahold of this.......

You cannot hold FF responsible for the stupidity of the investors with Jacko. As to deleting posts that attacked the thread and ended up being a slinging match between the critics and the cult followers. FF has a clear responsibility under the Telecommunications Harassment Statute:

"any device or software that can be used to originate telecommunications or other types of communications that are transmitted, in whole or in part, by the Internet." Section 113, entitled, "PREVENTING CYBERSTALKING," states that the prohibited criminal acts apply to whoever (1) in interstate or foreign communications (A) by means of a telecommunications device knowingly (i) makes, creates, or solicits, and (ii) initiates the transmission of, any comment, request, suggestion, proposal, image, or other communication which is obscene or child pornography, with intent to annoy, abuse, threaten, or harass another person.

FF has to walk a fine line in order to meet the statute and we can't blame them for erring on the side of caution. It does not mean that they endorse the commercial poster at all, don't confuse the two.

The Communications Decency Act states:

"No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider."

And Case Law states that the Decency Act:

"creates a federal immunity to any cause of action that would make service providers liable for information originating with a third-party user of the service."

FF's role is very clear in this, they don't endorse Commercial users and as a US company are exempt from prosecution under any Federal Guidelines, they do have a responsibility as to postings within the thread and are legally bound to remove comments that other posters find offensive or harassing in nature. So anyone sending a clean up report would take precedence to the credibility or legitimacy of a commercial poster here.

Their disclaimer is supported under US law.

Sources:

http://www.law.cornell.edu/uscode/html/uscode47/usc_sec_47_00000230----000-.html
http://www.supremecourt.gov/opinions/boundvolumes/524bv.pdf
http://legal.web.aol.com/decisions/dldefam/zeranopi.html

I agree with your frustration and would also like to see an end to the commercial section, but it is operated and managed within the required legal framework and it is not FF's responsibility to screen commercial users, the posters do that themselves by voting for a commercial thread that is under evalution.
  • #11,476
  • Aug 13, 2010 8:47am Aug 13, 2010 8:47am
The faster jacko gets caught the more likely it is that the members will get whatever is left of their money. Put the pressure on! Belive me he won't sleep well knowing the police is on his ass.
  • #11,477
  • Aug 13, 2010 8:48am Aug 13, 2010 8:48am
Quoting CindyXXXX
Not really blaming TWEE for any of this seems he was fooled just like the rest of us... I mean I never invested anything with the guy or followed his method but I know the general concensus was that hes up there with the likes of J16 (god dam hope they're not the same person) Does Jim have a fund just out of interest?

Amazing patience for a scammer... Makes you wonder how fked up he must be in the head, I mean he coulda been working an honest living like the rest of us and made the same ammount of money over that time... i just dont get it......

I think a lot of people who wind up ripping people off, were well intentioned and didn't go into it to run a scam.

They take money to trade for people believing they can turn a profit for them.

They lose most of it and rather than admit it, they run off.
  • #11,478
  • Aug 13, 2010 8:50am Aug 13, 2010 8:50am
The bottom line really IS..... Buyer Beware....... and no place should this be taken more literally than on the internet......
I do feel bad for the people that got pulled into this, and as I said earlier I was a member of jacko's first group but declined the offer to manage my money.
Part of that decision stemmed from the fact that I just could not get his system to work for me.... I even lost when I followed his trades, so needless to say I was less than inspired to participate in the fund.
as to the 500 bucks...... cheap schooling the way I see it.
  • #11,479
  • Aug 13, 2010 8:51am Aug 13, 2010 8:51am
Quoting TinaLousie
tina at excglobal dot com

Tina, do you work for Exc Global?
  • #11,480
  • Aug 13, 2010 8:51am Aug 13, 2010 8:51am
Quoting Angler
Hi all.

Well if your all right....then Twee needs to stand up and explain...




Angler
He is telling the truth, all the posts questioning jacko were deleted
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