Jacko's Forex House of Pleasure and Pain | Page 584 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #11,661
  • Aug 15, 2010 6:38am Aug 15, 2010 6:38am
Quoting rodcar
this is so funny people arguing about various aspects that could have warned people of a scam, nobody has put forward any compelling evidence that jacko even exists. Well done you guys that tried to raise the right questions. There have already been a lot of clues to how murky this all is and still nobody is interested in following up the leads already given on this thread.Better to go wondering about a performance figure for an imaginary fund,run by an imaginary person.yup dont follow any leads that link to known scammers and other trading...
You're dead right. There has been a notable lack of supporters over the last few days. Where have they all gone? Why hasn't FF deleted (no, sorry, extracted) any of the damaging posts this time?

Jacko doesn't need a house anymore. He's going to go down in the flipping "Hall of Fame" for pulling the wool over the eyes of what I would consider intelligent people. You know, the ones that can spell and form grammatically correct sentences in posts.
Nothing worth having is easy.
  • #11,662
  • Aug 15, 2010 7:19am Aug 15, 2010 7:19am
Quoting CindyXXXX
!
Yes - your cartoon hit the nail on the head; I AM flogging a dead horse.
There will always be the lazy or stupid who will fall for the scammer every time. If that were not the case, if there were suddenly no greedy or lazy fools then dead horses would not be flogged
every Saint has a past. Every Sinner has a Future
  • #11,663
  • Aug 15, 2010 7:42am Aug 15, 2010 7:42am
Can't find anything,

Did that guy who promised to check HonKong office address reported here ?

r.
  • #11,664
  • Aug 15, 2010 7:54am Aug 15, 2010 7:54am
Quoting ratman
Can't find anything,

Did that guy who promised to check HonKong office address reported here ?

r.
Yes it was just a mailbox address as expected.
  • #11,665
  • Aug 15, 2010 8:18am Aug 15, 2010 8:18am
So if the people that got scammed are lazy and stupid,What do you call the Traders that vouched for Jacko?
  • #11,666
  • Aug 15, 2010 8:25am Aug 15, 2010 8:25am
Quoting garrye
funny as ever and still full of shit,yes your right dan i should not have warned people maybe its all my fault
and with that, you addressed none of my argument.

very nice. the PM you sent calling me a "wanker" was very classy as well. Good work.
Many choose unhappiness over uncertainty.
  • #11,667
  • Aug 15, 2010 8:57am Aug 15, 2010 8:57am
Quoting fib618
this could be a Nigerian scam, Has anybody meet this guy or even spoken to him?

bringing race into it :o
  • #11,668
  • Aug 15, 2010 8:58am Aug 15, 2010 8:58am
Quoting merino
So if the people that got scammed are lazy and stupid,What do you call the Traders that vouched for Jacko?
Ditto
every Saint has a past. Every Sinner has a Future
  • #11,669
  • Aug 15, 2010 9:03am Aug 15, 2010 9:03am
Quoting merino
What do you call the Traders that vouched for Jacko?

Cult members, lemmings, muppets, gullibles, fools, quite a few more idioms, that I can't really post here....

Kidding aside though, there were plenty of posters here that supported Jacko, and that is the heart of the matter. Greed takes away the critical aspect of the noobs' thinking. Here is a guy that would make them a millionaire for only $700.00 and he is supported by pages and pages of other members, what could possibly go wrong.
  • #11,670
  • Aug 15, 2010 9:08am Aug 15, 2010 9:08am
Quoting TJPLD
Yes it was just a mailbox address as expected.

Motherfuck$er,

, unbelievable,


its just that I feel weird. That scumbag helped actually to improve my trading style and I made considerable cash. To discover that that was actually international ponzi schema is frustrating. I feel betrayed.

Now, I hope that this tread won't go in to "I told you so" ego uplifting mode for some individuals, but actually as example to new people in this business. Maby FF team can make example out of this case, and put it in this commercial forum - read me firs thread.

I hope also, that investigation gos well.

r.
  • #11,671
  • Edited 9:26am Aug 15, 2010 9:11am | Edited 9:26am
Quoting ratman

Now, I hope that this tread won't go in to "I told you so" ego uplifting mode for some individuals, but actually as example to new people in this business.

The "I told you so" is part of the example and warning process. Traders have been saying "I told you so" for 100's of times over and over again, ever since trading first started. Using real life victims of scams will still not end the endless pursuit by noobs of shortcuts to riches.

There is no shortcut, period.

Learn to trade for yourself, that is the only way to success.

Some Senior traders vouched for him, some may just have done for his trend following strategy and not just his sollicitation of $700.00 members to his signal service, but it could have been seen as another endorsement. He made it to the commercial section with a high vote rating and had vouches from other members here.

Have a look at this (http://www.google.co.uk/#hl=en&source=hp&q=trading+scams&aq=f&aqi=g1g-m9&aql=&oq=&gs_rfai=&fp=fc8fa1007925ea81) 2.6 million results. Lots of "I told you so's" but still the list grows.
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  • #11,672
  • Aug 15, 2010 9:20am Aug 15, 2010 9:20am
Quoting ratman
its just that I feel weird. That scumbag helped actually to improve my trading style and I made considerable cash. To discover that that was actually international ponzi schema is frustrating. I feel betrayed.
still, try take that positively bro, that you took from a scammer his own knowledge and applied it in a way that he couldnt
  • #11,673
  • Aug 15, 2010 9:31am Aug 15, 2010 9:31am
Quoting merino
So if the people that got scammed are lazy and stupid,What do you call the Traders that vouched for Jacko?
You can call me stupid, it doesn't bother me, I've been called much worse many, many times. I didn't vouch for Jacko because of his mentorship course (or fund, which I knew nothing about). I vouched for him because he put things in a simple way and I'm a rather simple person. My favourite is in Post No. 4 of this thread:

1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP.

2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN.

3. If you are still confused, print it off and show it to a 5 year old...they will get it right EVERY time...LOL

I've thought about removing it since I became involved in the thread a few days back and realised it was a scam while a lot of other people were still scratching their head but I'm sure some people would have seen that I vouched for him and I'm not embarrassed to have vouched for him because I know my reasons. Now that I know he is a scammer, I'm going to remove it but I just wanted to be clear on why I vouched for him and why I am now removing it.
Nothing worth having is easy.
  • #11,674
  • Aug 15, 2010 9:53am Aug 15, 2010 9:53am
Quoting cloggie
The "I told you so" is part of the example and warning process. Traders have been saying "I told you so" for 100's of times over and over again, ever since trading first started. Using real life victims of scams will still not end the endless pursuit by noobs of shortcuts to riches.

There is no shortcut, period.

Learn to trade for yourself, that is the only way to success.

Some Senior traders vouched for him, some may just have done for his trend following strategy and not just his sollicitation of $700.00 members to his signal service, but...

I completely agree, you are not the type

You misunderstood me, I miss taped. What I thought was - If you want to have an evil laugh at idiots, please do it at PC, and don't leave a comment. As I understand there are some people who handed serious cash to guy. I can only imagine how they feel now. That kind of evil flood do not help anybody,anyhow nor those it provide education.


Best thing is to make an example out of this all.
  • #11,675
  • Aug 15, 2010 10:08am Aug 15, 2010 10:08am
I dont think anyone is BLAMING those who vouched for him, but vouches from the sites own admin and mods, and those from senior members probably add a degree of credability.

Noone capable of rational analysis would take the vouch system seriously, nor would they buy into these kinds of schemes. However, you have to accept that the majority of people who'd fall prey to someone such as Jacko just dont think rationally.

The question that needs to be asked is this, should a forum accept some form of duty of care for its members, or should they be considered as fair game for exploitation ?

Personally I dont think there a middle ground, because the moment you start making judgement calls about who are the good guys that recieve official endorsement, and who are the bad guys that get banned, you leave yourself wide open to abuse. The site has experienced similar issues in the past with Beau Diamond recieving endorsements from moderators, which of course ended in tears, and financial losses for many.

Its almost impossible to police this stuff, and trading forums tend to attract the perfect target market for fraud. I think we have to accept that this is going to happen again and again. However, I would certainly question the wisdom of anyone acting in an official capacity at FF of vouching for commercial members.

Thats not an allocation of blame, people need to take responsibility for their own actions, but official endorsment certainly isnt helping matters.
  • #11,676
  • Aug 15, 2010 10:10am Aug 15, 2010 10:10am
Quoting ratman
Motherfuck$er,

, unbelievable,


its just that I feel weird. That scumbag helped actually to improve my trading style and I made considerable cash. To discover that that was actually international ponzi schema is frustrating. I feel betrayed.

Now, I hope that this tread won't go in to "I told you so" ego uplifting mode for some individuals, but actually as example to new people in this business. Maby FF team can make example out of this case, and put it in this commercial forum - read me firs thread.

I hope also, that investigation gos well....
Well who really expected him to find jacko in his office counting money?
Mailbox Offices are very common even IKEA has many all over the world to reduce taxation to a minimum. What I'm wondering is if his IP is connected to an ISP in HK or atleast somewhere in China or if it is based in a totally different country. If it isn't that makes clear that it was proabably set up to be a scam from the very beginning.
  • #11,677
  • Edited 10:48am Aug 15, 2010 10:28am | Edited 10:48am
Quoting Razzle
I dont think anyone is BLAMING those who vouched for him, but vouches from the sites own admin and mods, and those from senior members probably add a degree of credability.

Noone capable of rational analysis would take the vouch system seriously, nor would they buy into these kinds of schemes. However, you have to accept that the majority of people who'd fall prey to someone such as Jacko just dont think rationally.

The question that needs to be asked is this, should a forum accept some form of duty of care for its members, or should they be...


I don't think any moderators here endorsed Jacko.
I never really paid that much attention to him or this thread, but I can't imagine that happening.

Several senior members endorsed him. I don't know if they were endorsing his fund or even if he had a fund when they spoke in praise of him.

Has he ever made any money for anyone? I don't know.

EDIT: I do see two former moderators on Jacko's vouch list- very early vouches.
There is a little history behind vouch lists. When it first began it was called 1kt. A 1kt didn't imply legitimacy or endorsement. It was supposed to indicate traders with experience. 1kt= 1,000 trades.
When it was later converted to a "vouch for" system, those names stayed on the list.
In other words, if member xxxxx shows up early on Jacko's vouch list, xxxx was saying he believed Jacko had made 1,000 trades.
  • #11,678
  • Aug 15, 2010 10:52am Aug 15, 2010 10:52am
jacko who ever he is has made alot of money not from trading.dam shame hopefully we can all learn from this
student
  • #11,679
  • Aug 15, 2010 11:33am Aug 15, 2010 11:33am
Don't come here now cleaning your hands buddy, and talking about evidence, what evidence did you have to post this?

"If quarter after quarter after quarter of consecutive profitable years (even during the financial crisis) isn't enough evidence for you all, I don't know what to say......."
http://www.forexfactory.com/showpost.php?p=3864902&postcount=165

So what evidence did you have to say that? Show me the evidence or shut up!!!

PS. And you also attacked me. So don't come here cleaning your hands. As Twee said, the posts were extracted not deleted.
In your own words "The ignorance in this thread is astounding."



Quoting Dan Gilbert
lol.... when did I say bad things?

I simply was pointing out the fact that you had absolutely no evidence to back any of your claims. Not even a screen shot of evidence to show he was fraud. nothing.

When someone tells me something with no proof at all, what am I supposed to do? blindly accept it? As far as I can tell, nobody is 100% sure if they got scammed yet or not, although it looks that way more and more with each passing day.

And how am I supposed to take you seriously when you said that I am a jacko username?

If you say I'm...
  • #11,680
  • Aug 15, 2010 11:39am Aug 15, 2010 11:39am
Quoting merino
So if the people that got scammed are lazy and stupid,What do you call the Traders that vouched for Jacko?
My vouch for Jacko is based on his Anti Hedge method and therefore I will keep the vouch.

So you can call me like you want, I really don’t care.

I don’t think that any trader is obligated to verify the real identity of a trader he’s vouching for.

Maybe some have recognized that I almost don’t post here (in FF) anymore.

The reason is that the internet is anonym and we never have chance to verify what’s behind each poster, in the past there have been many scammers around here and I was one of the “police” troop that tried to show the mods that they are fake. At the end I and my wife decided that we use our valued time for better things and I left.

I've got attention on this thread today cause of an email someone sent me.

Have a great day and new trading week all.
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