Jacko's Forex House of Pleasure and Pain

PM sent for cell, no reply from the tough guy

As I read I come to conclusion :

Jacko defenders seem to reject(or whatever) 4 things :

1.Investors haven't been refunded
2.Complete cut of communication with main man.
3. A fellow trader in Hon-Kong actually checked the office he was supposedly to own. Only mailbox there.
4.In past he presented himself as L.A.Knowless and offered mentoring for 700 bucks.


and off course all the logical questions that arise after these facts

Its a pity he didnt take and record the call as he promised (before he deleted his post).

He could have probably sold it on a pay per listen basis

Hi all. It has been probably over a year since I posted here, but I've dropped in lately to see if anybody else is going through the issues that I am.

I have been a member of Jacko's 2nd group for 20 months and an investor in his fund for nearly a year. I placed a sizeable amount of money with Jacko - $50K - not enough to break me, but definitely enough for me to feel if I lose it.

I have yet to receive any of my money back from the fund, and I did not ask for quarterly dividends, so I have no experience in withdrawing money from Jacko's fund.

I also have not received any reply to my 3 emails that I sent over the past week trying to resolve why my money hadn't arrived. This has caused considerable concern to me. Am I ready to run to the cops? Not really, as I can't honestly see them doing anything about some guy ripping people off over the internet. What are they going to do about it other than take a statement? Very little, methinks.

I would like to ask all of the I-told-you-so'ers to back off for a bit here, as you are likely unable to empathize with people who are in my position who stand to lose a chunk of money that they invested in good faith. Comments of 'fools and their money' do nothing constructive and only serve to feed your sense of superiority.

I do not consider myself foolish with my money, as at the time of investment, Jacko had not solicited me to join the fund. In fact, the first time I tried, he wouldn't accept my money as he said that he was only taking the bigger money through Mark's clients. Then about 2 or 3 months later, he was bragging about the performance of his fund in his private blog and being that I was still groggy as I had just gotten up really early for NFP, I sent him a somewhat terse email asking what was the point of mentioning anything about the fund to his smaller investors who couldn't participate in the fund anyway? I received an email the next week granting me permission to join the fund, so I took it.

Jacko had honored his end of the "turtle" agreement, trading live time with SMSes, answering all of my emails in a timely fashion, and basically not giving any reason to doubt him. In addition, his reputation on FF was like that of Christ. He could do no wrong. He had plenty of fan boyz. I even went so far as to email NewbieTrader101 and I received a reply back. Whether NewbieTrader is an alias for Jacko or not, I have no idea.

Basically, Jacko appeared to be the real thing. I had no reason to doubt him during the 9 months leading up to my investment in the fund. The $700 mentorship fee, I couldn't care less about, that's peanuts in the grand scheme of things. People talking about losing $40 here or there, please, spare us, that's not even a dinner out on the town.

There are a couple of things that make me scratch my head about the whole situation.

Firstly, if I were planning on taking people's money and running, why would I continue to update my blog? That makes no sense to me, as I don't believe he is taking on new students, as far as I know. Mark and him decided they were going to close down the fund immediately and Jacko was going to close down the blog over the next year but not take any new memberships, at least that's what it was as far as I can remember. So to continue to update the blog perplexes me. In addition, would I be willing to invest 4+ years building a reliable online profile and reputation, just so I could make a few hundred G's ripping people off? I cannot understand the logic in this.

Secondly, if it is in fact true that one of his ex-employees was diverting the funds from some of the smaller investors, why can't Jacko just square up with these smaller investors out of his own personal resources, and then chase down the stolen money on his own time? That should be no issue for him, as it should amount to nothing more than pocket change for this guy. In this way, Jacko would be able to solidify his reputation online as a stand-up guy. I for one, would be more than happy to come here and post that I had received my money and Jacko is a man of his word - but alas, after not having received my money or any reply to my 3 emails, I cannot do that.

It would appear to me, like many of the other readers on here, that those of us who invested our money in the fund have been taken for a ride. That is what I am psyching myself up for. If the money lands in the account that I provided him details of, I will do a dance of joy and thank the Lord. But at the moment, I am writing the money off and chalking it up to a very expensive lesson learned. I will however be reading this thread daily to see if there is any new information on the matter, and I will absolutely post here again if I receive my money.

Peace.

Brian

I'm curious and please don't take offense or read anything into my comments or questions.

How do we know that Jacko did not get hit by a bus?

Why have you taken on the cause of getting to the bottom of this issue?

Like I said not disrespect intended.

I've never seen someone runover by a bus update a blog on a daily basis.
Well maybe they have wifi at his hospital.

@rodcar

How did you track the email? I'm quite sceptical that this
is possible that easy.

I invested in a fund with a trader on another forum last year. On that forum the trader was also a bit of a trading god. It was much less money than you but he provided (falsified) trading results that subsequently persuaded people to invest much bigger amounts, similar to your investment.

I decided to leave the fund last summer and when he was unable to repay me the whole scheme came apart at the seams but the whole time that I and a few others knew that the game was up and there was no money to pay us he was continuing to post of fabulous results and promise fabulous returns.

The reason that Jacko is continuing to post blogs is probably the same reason as the guy I invested with. Likely bigger investors than you don't know there is a problem and he is continuing to solicit funds because he needs them to pay you back. That is how a ponzi scheme works.

This is what happened to the guy I invested with.
(http://www.fsa.gov.uk/pages/Doing/Regulated/Law/pdf/alert_c_williams.pdf)
It didn't get anyone their money back but there is at least some justice in it. We are now all creditors in his bankruptcy but there is no money.

Good luck to all of you.

Ok guys, I've done some reaserch here http://aruljohn.com/info/howtofindipaddress/ and I think I was able to extract IP address from emails that Jacko sent to me using his first account [email protected].
Now I don't want to reveal this IP address here pubbicly to avoid further complication (btw following previous link you can track it easily), but the most relevant thing is that he wrote from Singapore (and this match with sms trade signal which was sent also from singapore as stated along this thread). Moreover his IP was the same one for all the emails but latest one when he used another IP number still from Singapore.

Now I'm asking if those IC3 complaint link could be used also by non US-resident like me.

Cheers,
Skyline

To those who invested ...
Did you get statements telling you how your investment was doing?
Were the statements audited and by whom?
Do you know the broker that your funds were traded with?

I would consider contacting the broker and the auditor (if you know who that is). I am reluctant to post more as to what to do when you contact them here but I am sure you can figure it out

You are a jackass.

Hey, you never know where they have netbooks these days, maybe the bus had a netbook underneath the rear tire. http://cdn.forexfactory.com/images/s..._the_floor.gifhttp://cdn.forexfactory.com/images/s..._the_floor.gifhttp://cdn.forexfactory.com/images/s..._the_floor.gif

The financial services agency in Singapore are very strict (remember Nick Leeson?)
You might need this website. (http://www.mas.gov.sg/)
They investigate complaints.

I am a private detective. Give me his number and I'll get this bastard in Jail for you.

Regards,

Andreas

correct. I tried to set up call forwarding to go through Swindon but that didn't work.

"Hello,
Mr Wayne went broke from the trading, I saw him in Singapore and he looked in very bad way…. not like in the past.
Now he very poor, on forex factory they start a fund to help him back on his feet.
Not good strategy, not for Jacko.
Mr Chan"

http://www.forexstrategysecrets.com/blog/an-alternative-to-hedging.htm

I wonder why he had Hong Kong in his profile right from the start. ;-)

Fair enough, but why would he risk being tracked down by continuing to post on his blog if infact it is actually Jacko posting?

Posting or not posting will not change the possibility of him getting tracked down but I belive he can buy himself some time by acting as if everything is fine.

earlier post

so when his wifes email was traced (also yahoo.com) would that be accurate?