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Jacko's Forex House of Pleasure and Pain

  • #11,481
  • Aug 13, 2010 8:55am Aug 13, 2010 8:55am
Quoting tradestar1
As to scammers and their patience..... Remember Bernie Madoff..... he ran his scam for YEARS.
yes, but he did it really good. i have to admit that. he scammed the sec, hsbc, pwc and so on. he was like rembrandt among the scammers.
meine augen sind die sterne
  • #11,482
  • Aug 13, 2010 8:56am Aug 13, 2010 8:56am
If I ran the commercial forum, there are a couple of policies I would implement.

1. No managed accounts.

2. No off forum chat rooms or trading rooms.

If either are detected, the thread would be deleted and the guru banned.
  • #11,483
  • Aug 13, 2010 8:56am Aug 13, 2010 8:56am
Quoting Patience
It's true. I wandered into the thread and saw a lot of stuff being said. I actually said that Jacko appeared to be a stand-up bloke. At the time I posted I didn't know there was a fund. I thought everybody was talking about the $700 turtle fee. Another member of FF has now explained to me about the fund which raised instant BIG RED FLAGS to me. Once you became a turtle, you were then "offered" the opportunity to invest in the fund.

Here are the posts that were extracted if anyone is interested http://www.forexfactory.com/showthread.php?t=245624...
good job in posting the link to the extracted posts, I hope they dont delete your post b/c people should know that we posted about this
  • #11,484
  • Aug 13, 2010 8:58am Aug 13, 2010 8:58am
Quoting billbss
If I ran the commercial forum, there are a couple of policies I would implement.

1. No managed accounts.

2. No off forum chat rooms or trading rooms.

If either are detected, the thread would be deleted and the guru banned.

Billbss for president

Twee is gonna have a mutiny on his hands if he doesnt show up soon lol
Time hides Nothing
  • #11,485
  • Aug 13, 2010 8:58am Aug 13, 2010 8:58am
Quoting wwwin
He is telling the truth, all the posts questioning jacko were deleted
Please don't start consiparcys about jacko and FF beeing a joint venture or some kind.

I'm rather disappointed that there has not been an official reaction after I informed Twee about what's going on here, too. This is the worst case scenario for ForexFactory.
  • #11,486
  • Aug 13, 2010 9:00am Aug 13, 2010 9:00am
he is not suing anyone, then we will know where he is.

Quoting Patience
It all makes so much sense to me now that the "fund" has come into the picture. Why would a guy who supposedly trades $2,000 a pip need to take minimum investments of $5,000 from people? Because it's a scam.

Oh, and if this all turns out to be all right (which I doubt), then Jacko can sue me for libel. You don't cut communication with your clients where investor money is concerned and then put some vague message on your blog saying that some employee had diverted funds.
  • #11,487
  • Aug 13, 2010 9:01am Aug 13, 2010 9:01am
Quoting billbss
If I ran the commercial forum, there are a couple of policies I would implement.

1. No managed accounts.

2. No off forum chat rooms or trading rooms.

If either are detected, the thread would be deleted and the guru banned.
Jay (Walker) recently started a whole new thread to discuss the status of the commercial forum. Twee showed up as well, you can read his comments about the commercial section from there.
LINK: Commercialism on FF - Jay pours his heart out (http://www.forexfactory.com/showthread.php?t=246266)
If you don't risk, you don't ever have to lose.
  • #11,488
  • Aug 13, 2010 9:05am Aug 13, 2010 9:05am
Quoting billbss
If I ran the commercial forum, there are a couple of policies I would implement.

1. No managed accounts.

2. No off forum chat rooms or trading rooms.

If either are detected, the thread would be deleted and the guru banned.
How about not trying to suppress the truth, too, even if you don't recognize it as such? What good is criticism without naming the offender.
  • #11,489
  • Aug 13, 2010 9:05am Aug 13, 2010 9:05am
Quoting TJPLD
If he is clever he might have used a proxy sever to disguise his real IP Addresse. You can even build a proxy chain which makes it almost impossible to track you down.
Ohhhh, he is clever alright, he probably covered his tracks,
  • #11,490
  • Aug 13, 2010 9:09am Aug 13, 2010 9:09am
ok. it's 10pm/hkt i just got home.

i looked at a couple of posts just below my last post. but then noticed many more pages after that. i am not going to read them all. the only reason i was pointed out to this thread at all, is because some folks for some random reason clicked on my user name and saw that i was in hongkong.

i get home. i have received 2 personal messages and more than a dozen personal e-mails. i mean it's as if ppl are afraid forexfactory is in on this and don't want to send me a personal messages here as it might be flagged or something. i've received messages ranging from DO NOT share any information openly, to share all your findings. I have not read all of the personal e-mails.

anyways, this put a little bit of a spin on what i was initially going to type. to make everyone happy, as i really know nothing about this thread to begin with, the office is currently NOT there. the man at the front desk at the bottom of the building does not know anything, and NO, the building does not appear to look dodgy. not at all.

that's all. it was only my PERSONAL opinion that the folks would not be getting there money back. i apologize if i did not know what i was talking about. please do not bombard my personal e-mail or my personal message box anymore. and i will not be looking at this thread anymore. nor will i be replying to any messages/e-mails in regards to this matter.

i am going back to studying the thv thread now. thanks and that's all.
  • #11,491
  • Aug 13, 2010 9:12am Aug 13, 2010 9:12am
Quoting billbss
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
Jacko can obviously trade very well, hence the defenders
  • #11,492
  • Aug 13, 2010 9:12am Aug 13, 2010 9:12am
Quoting Patience
This thread is so appropriately named. Jacko's House of Pleasure and Pain. His pleasure, your pain. He was laughing all the way to the bank from the beginning.
Yes indeed, and I think that he has done this before. He was really good at it. He ain't no noob scammer
  • #11,493
  • Aug 13, 2010 9:13am Aug 13, 2010 9:13am
Quoting Twee

With the complaining heard here, we're going to raise the priority, but changes are still a few months out. Can we afford to wait that long or is there an immediate threat to the forum environment?
Hows your complaining "HEARD" look now


Quoting Twee
. Please send me a Cleanup Report if you see something suspicious, we rely on you folks
We rely on you to - Flags were raised you ignored them - I could say more but I know my role here - I will slide off back into the heard
Time hides Nothing
  • #11,494
  • Aug 13, 2010 9:13am Aug 13, 2010 9:13am
Well it is time for me to chime in.
I was a member of his group from June of 09. I wanted to watch a Big Dog trade with really money so that I could see the psychological side of trading. That seemed to be a weakness in my trading at the time.
In August of 09 Jacko made some really nice trades and I thought the world of him. About 2 months ago I was asked what I thought of him on a site of which I am a member (James16). I talked this guy up. I used the words like honest, reputable, and caring. I now have to take my man pill and go back to that site and humbly tell them I was wrong.

I will admit I thought about sending this guy some money to trade, but James 16 has always taught me to trade my own account. So I stuck with that advice.

To the person wondering if James16 Group might Jacko:

James 16 is NOT jacko. I can call and talk to James or many of the other big dogs on that site. In fact, I have many times.

Here is my final thoughts:

If Jacko was not a scam, the communication with each of the members would have been overwhelming.

Diverted funds??? Come on man!! The accountants/auditors would have had all that taken care of. One would not allow an “employee” to handle such an important task when diverting funds under these conditions.

It looks as though some of us have just received an education. The cost of my education was very small, but very valuable. Others it seems were not as fortunate as others.

Damnit, I feel foolish!
  • #11,495
  • Aug 13, 2010 9:15am Aug 13, 2010 9:15am
Has anyone like smjones or diallist ever spoke to him. They seemed to have had alot of respect for him
  • #11,496
  • Aug 13, 2010 9:16am Aug 13, 2010 9:16am
Quoting CindyXXXX
WHERE IS TWEE?
Twee may have deleted a lot of bickering posts that would have alerted folks, but to be fair to him, HE INHERITED THIS MONSTER.
  • #11,497
  • Aug 13, 2010 9:18am Aug 13, 2010 9:18am
Twee won't make a statement until he knows, for sure, what's going on.
You can bet he's digging into it now.
  • #11,498
  • Aug 13, 2010 9:20am Aug 13, 2010 9:20am
I did post questioning the fund, saying that it was a fake fund, asking questions like, 1. Was it audited, 2. did it have a webstie, 3 saying that a fund manager would not be posting here, etc etc etc, but the culties came back strong against me. It's all in the binned posted linked

Quoting cloggie
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...
  • #11,499
  • Aug 13, 2010 9:23am Aug 13, 2010 9:23am
Quoting Colbolt2
Well it is time for me to chime in.
I was a member of his group from June of 09. I wanted to watch a Big Dog trade with really money so that I could see the psychological side of trading. That seemed to be a weakness in my trading at the time.
[font=Calibri][size=3]In August of 09 Jacko made some really nice trades and I thought the world of him. About 2 months ago I was asked what I thought of him on a site of which I am a member (James16). I talked this guy up. I used the...

May i ask why youve been a member since 2005 and never had one post in the J16 thread in all your 11 posts

Yet drop a nice little advertisment for J16's decent reputation

Honest question
Time hides Nothing
  • #11,500
  • Aug 13, 2010 9:23am Aug 13, 2010 9:23am
Quoting TJPLD
Please don't start consiparcys about jacko and FF beeing a joint venture or some kind.

I'm rather disappointed that there has not been an official reaction after I informed Twee about what's going on here, too. This is the worst case scenario for ForexFactory.
what are you talking about, I simply said that the posts were deleted, where in the hell did I mention a conspiracy. You are the one opening that thought not me, never once have I hinted anything about that. I simply said that the post were deleted, which is true, nothing more, nothing less.
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