Jacko's Forex House of Pleasure and Pain | Page 591 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #11,801
  • Aug 17, 2010 1:34am Aug 17, 2010 1:34am
Had access to Jackos blog untill today now it looks like it does not exist anymore can anyone confirm Time to move quickly people How big really is this?
Duke
  • #11,802
  • Aug 17, 2010 1:48am Aug 17, 2010 1:48am
Just clicked my link to the trading blog and I still can get access. Not sure what happen to you Duke.
  • #11,803
  • Aug 17, 2010 2:14am Aug 17, 2010 2:14am
Quoting NotoriousFAT
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...
That's a huge red flag : Madoff acted exactly that way.I hope you'll recover your investments but I think that's highly unlikely.

Meanwhile it's really interesting to see all the members who vouched for Jacko and the whole web built around him by other "respected" members of ForexFactory...
  • #11,804
  • Aug 17, 2010 2:15am Aug 17, 2010 2:15am
Maybe send an email to Jacko . . . . . .

Quoting fxbillie
Just clicked my link to the trading blog and I still can get access. Not sure what happen to you Duke.
  • #11,805
  • Aug 17, 2010 2:18am Aug 17, 2010 2:18am
People should have read the disclaimer. This is the house of Pleasure and Pain. You had pleasure, and now you have pain. Everything was clear from the start.

It looks like Jacko had some balls to build such an obvious scam.
  • #11,806
  • Aug 17, 2010 2:19am Aug 17, 2010 2:19am
Thanks to Elitejets for posting the following info:

This is how and where you can make a complaint to the financial regulator in Hong Kong: http://www.sfc.hk/sfc/html/EN/abouts...ctivities.html

This is where you can make a complaint to the financial regulator in Singapore where he lives (scroll down the page):
http://www.moneysense.gov.sg/dispute...esolution.html

I have been where you are. I wasted too much time being shocked and hoping that things would turn out alright.
Get active and get an investigation going. If you know the broker he trades with you can ask for the account to be frozen.

Good Luck


If you all register a complaint the authorities will act on it. Do it NOW. Its easy to fill in a form.
Dont let him get away with this.
Boxing clever since 76.
  • #11,807
  • Aug 17, 2010 2:30am Aug 17, 2010 2:30am
Another red flag from his blog :
As of July 2010, I am no longer accepting any new members.



He grew tired of the easy money of the ponzi or he was destabilized by some redemptions and thought he couldn't keep the fraud up anymore. So he decided to bail out. Seems like hard cold logic to me. Does anyone know one of his turtles ? They might be willing to scam the victims again
  • #11,808
  • Aug 17, 2010 2:54am Aug 17, 2010 2:54am
Quoting Intensity
Another red flag from his blog :
As of July 2010, I am no longer accepting any new members.



He grew tired of the easy money of the ponzi or he was destabilized by some redemptions and thought he couldn't keep the fraud up anymore. So he decided to bail out. Seems like hard cold logic to me. Does anyone know one of his turtles ? They might be willing to scam the victims again

Hi Folks,

It's a real shame some of you didn't turn up earlier to help sort out this scam, rather than act like a pact of Vultures picking over the bones.

As for the administrators, well words escape me !



Intensity, You might want to take a closer look at at a dude that uses the handle Captmildud he hasn't had much to say about these recent developements, it could just be he is too embarrassed to speak up as he was real die in the wold turtle.

Regards,

BabeFX
  • #11,809
  • Aug 17, 2010 2:54am Aug 17, 2010 2:54am
blog being updated.
why did he stop returning emails and mention that he was closing the fund? that just draws attention to him.
  • #11,810
  • Aug 17, 2010 3:22am Aug 17, 2010 3:22am
Quoting BabeFX
Hi Folks,

It's a real shame some of you didn't turn up earlier to help sort out this scam, rather than act like a pact of Vultures picking over the bones.

As for the administrators, well words escape me !



Intensity, You might want to take a closer look at at a dude that uses the handle Captmildud he hasn't had much to say about these recent developements, it could just be he is too embarrassed to speak up as he was real die in the wold turtle.

Regards,

BabeFX
Hi there,
I'm not trying to act like a vulture or anything, I'm simply trying to understand how it happened, what was the mindset of every actor and all and all.

Thanks for the jacko's turtle id
  • #11,811
  • Aug 17, 2010 3:55am Aug 17, 2010 3:55am
Quoting copi88
If you all register a complaint the authorities will act on it. Do it NOW. Its easy to fill in a form.
Dont let him get away with this.
I agree otherwise many will end up as turtle soup.
  • #11,812
  • Aug 17, 2010 4:17am Aug 17, 2010 4:17am
Quoting BabeFX
Hi Folks,

It's a real shame some of you didn't turn up earlier to help sort out this scam, rather than act like a pact of Vultures picking over the bones.

As for the administrators, well words escape me !



Intensity, You might want to take a closer look at at a dude that uses the handle Captmildud he hasn't had much to say about these recent developements, it could just be he is too embarrassed to speak up as he was real die in the wold turtle.

Regards,

BabeFX
Yup, Babe, I owe you an apology on this one and have been trying to make up for it ever since. But, at the time, we were only discussing the turtle school. Once the fund came into the picture, well, words escape me as well.
Nothing worth having is easy.
  • #11,813
  • Aug 17, 2010 4:23am Aug 17, 2010 4:23am
Quoting TJPLD
I agree otherwise many will end up as turtle soup.
lolololol
  • #11,814
  • Aug 17, 2010 4:41am Aug 17, 2010 4:41am
Quoting Patience
Yup, Babe, I owe you an apology on this one and have been trying to make up for it ever since. But, at the time, we were only discussing the turtle school. Once the fund came into the picture, well, words escape me as well.

Hi Patience,

I have a strong feeling that if this turns out to be fraud, then the investors can kiss goodbye to their monies.

In a previous post some clown said it took real balls to pull of such a scam. No it didn't take balls, this was the work of a cheap crook who used the age old carrot of pure investor greed to entrap his victims. The best that the investors can hope for is that this fraudster is locked up for a few years. wire fraud in the States is a serious offense.

Regards,

BabeFX
  • #11,815
  • Aug 17, 2010 4:48am Aug 17, 2010 4:48am
Quoting BabeFX
In a previous post some clown said it took real balls to pull of such a scam. No it didn't take balls a tall, this was the work of a cheap crook who used the age old carrot of pure investor greed to entrap his victims. The best that the investors can hope for is that this fraudster is locked up for a few years. wire fraud in the States is a serious offense.
And why exactly am I being called a clown ? Sure he is a crook, a fraudster and everything but right after Madoof how could people give him money ? If he is a crook (which I think) he should go to jail or something. I don't quite see why *I* am the clown. Are you involved with him and are you trying to muddle the water so everyone stop focusing on him ? Please stop trying to protect him, it won't get you anywhere
  • #11,816
  • Aug 17, 2010 4:59am Aug 17, 2010 4:59am
[quote=Patience;3953235]And why exactly am I being called a clown ? Sure he is a crook, a fraudster and everything but right after Madoof how could people give him money ? If he is a crook (which I think) he should go to jail or something. I don't quite see why *I* am the clown. Are you involved with him and are you trying to muddle the water so everyone stop focusing on him ? Please stop trying to protect him, it won't get you anywhere [/qu


Intensity,

Are you taking the p**s, just look back at some of my previous post's on this thread before you accuse me of being a associate of Jacko.



BabeFX
  • #11,817
  • Aug 17, 2010 5:01am Aug 17, 2010 5:01am
Quoting BabeFX
Intensity,

Are you taking the p**s, just look back at some of my previous post's on this thread before you accuse me of being a associate of Jacko.



BabeFX
I know you're not an associate of Jacko but you called me a clown and that gave me the right to call you a Jacko accomplice. Let's stop with the name calling (that you started), behave like adults and keep this thread focused on the topic at hand.
  • #11,818
  • Aug 17, 2010 5:10am Aug 17, 2010 5:10am
Quoting Intensity
I know you're not an associate of Jacko but you called me a clown and that gave me the right to call you a Jacko accomplice. Let's stop with the name calling (that you started), behave like adults and keep this thread focused on the topic at hand.

Intensity,

Yes I agree, we should be focused on the job at hand.

I hope that this thread will serve as a warning to newbies that they should tread carefully when considering investment opportunities.


Regards,


BabeFX
  • #11,819
  • Edited 5:59am Aug 17, 2010 5:46am | Edited 5:59am
Quoting BabeFX
I hope that this thread will serve as a warning to newbies that they should tread carefully when considering investment opportunities.


Regards,


BabeFX

There is one simple rule when investing with anybody. Setup a managed account. Any IM worth their salt would be very happy with that. That way nobody but you has access to the capital. Oh and of course anyone offering a guaranteed return deserves a wide berth.

Oh and of course:
Know your IM,
Know where he works,
Know where he lives,
Know he is regulated and where,
Know at least one other client,
Know his broker,
Know his auditor,
Know his accountant,
Know his history,
Know his strategy,
Know his Sharpe and how it compares to similar strategies,
Know his DD,
Know his risk,
Know his compliance officer,
Know his risk management strategy,
Know his exposure,
Know his markets,
Know his peers,
Know yourself.

Just google Due Dilligence, and you will find plenty.
  • #11,820
  • Aug 17, 2010 6:29am Aug 17, 2010 6:29am
Hey Intensity, i joined the Blog on 03-March-2010 and wired US$700 to some account in Hong Kong............does that make me a Jacko turtle?......cheeers

Quoting Intensity
Another red flag from his blog :
As of July 2010, I am no longer accepting any new members.



He grew tired of the easy money of the ponzi or he was destabilized by some redemptions and thought he couldn't keep the fraud up anymore. So he decided to bail out. Seems like hard cold logic to me. Does anyone know one of his turtles ? They might be willing to scam the victims again
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