Jacko's Forex House of Pleasure and Pain

So I go long E/U with a 50-pip sl and if I get stopped out I just go long again with another 50-pip sl, right? ...jacko...?

Hi Folks, after making the first post (http://www.forexfactory.com/showthread.php?p=3947461#post3947461) about this situation the FF team decided to give Jacko some time to show up and clear his name before we took any action. Jacko is still missing so we're ready to give him the scammer treatment and ban him. However, we're not yet going to move this thread to the Recycle Bin so it can serve as a visible warning to others who are considering giving money to a commercial operator.

Unfortunately banning Jacko is all we can do in this situation. We don't know who Jacko is, we've never worked with him or even talked to him, but he did leave digital artifacts that could help in an investigation. We are happy to release this information to the proper authorities or attorneys representing investors. We will not release this information to anyone but authorities or attorneys representing investors. To request the information, please contact us by clicking 'Contact' in the footer. We may post some of this information publicly in the future depending on the legalities.

It really saddens our team to see so many people hurt so badly by Jacko, especially on our bandwidth. We are against commercial operators because we believe 99.99% of them are either a scam or offer little value. We give a lot of leeway to the experienced traders on this forum who aggressively challenge the commercial operators because we believe they are doing a great service for the community. Nowhere else on the forum do we allow such harassment to take place. However, we’ve employed a policy that says to extract bickering and overboard challenges once the thread gets too hot (i.e., too many Cleanup Reports coming in). We did this to appease the followers, not the commercial operator they were defending. We’ve learned our lesson with Jacko and we are no longer going to extract arguments from Commercial Forum threads unless it’s extremely hostile or in bad taste. We will generally ignore heat coming from followers.

If you have any further ideas on how we can avoid situations like this please contact us or post your thoughts here.

With respect,

You should never extract what you consider to be bickering from any forum. The source of "beckering" is rooted in conflicting openions.

I've had certain of my post "binned" recently for challanging a poster that thinks his gods gift to the thread. I have let alot of things go with him however one day I had enough.

To me he's your future Jacko. He has a cult like following that is comprised of cheer leaders and supporters of the like.

My desire to show the flaws in his logic escalated to the point of being binned. I've noticed that many new posters in that thread have fadded most likely because this particular poster was convinced that the currency pair was headed for the moon only to fall from grace 3 short days after our tinkle match.

When one plays God one gets burned. I think your lesson has been learned. Best extend it to all aspects of this forum.

In closing please understand my comments are made with complete respect for what you do. Sometime it takes nasty events for us to change our ways.

@Twee
I think you should make a sticky thread in the commercial forum, named 'once popular&respected members, turned scammers' or something like that.

There You should put links to relevant posts in this thread, vegas' thread (http://www.forexfactory.com/showthread.php?t=6817&page=26) and other threads of scammers i don't know of.

I think this would be a great service for the beginners and the gullible out there.

Twee----

I speculate that smjones knows him personally.

Scott's a nice enough guy - ask him

Hi Twee,

Thanks for your negative view on commerical threads. I think it may be a good idea to make a thread on the possible scams on FF, so that people can discuss those commerical threads on FF on an ongoing basis. Personally, I don't have much experience on scams and may not be a situable person to make this thread.

cheers,
kk007

Scott already weighed in a few days ago in this thread. I believe he wrote that he only new him from this forum.

How's Germany?

Dude, that's exactly what Twee just said. Go back and reread his comments. I think he's being extremely fair and well balanced.

According to Jackos blog today he will have the missing funds back in 24-48 hours and the final 3 investors will be paid next week can anyone varify they have had funds returned or is everyone still on the lookout for flying pigs?

Duke

That's a load of crap. There are at least 14 people whose money was stolen by jacko.

Hi pipsalot,

Were you one of the 14 people, or are in contact with any of them? Would be interesting to hear from those of us who actually gave money to Jacko to trade as opposed to those who paid for the 'mentorship' program and are dissatisfied (rightly or wrongly) with what was offered.

Just check my bank account. No refund. The investors who I have contact are still waiting for the refund. Jacko must be sick to post such lies as if to tease the investors after he robbed them of their life saving. I am out of words about somebody I used to respect as an experienced trader. What has become of him?

Arto, hope you're well....

Thats one classic collection of bullshit.

Just rename this thread with a title of something like 'House of Pleasure and Pain'......

Oh, wait...

hahaha eek

A good name for a brothel Services for anyone's taste: usual + sadomasochistic

any progress on this whole jacko personality..has he been caught?

BIG YES, now u ave finally learned and cracked the strategy.......start using this strategy for Financial Freedom............and u will see RED...................sorry forgot to confirm...on EURUSD pair only..............cheers and happy trading.....................

Yeah, we got him:

http://www.youtube.com/watch?v=R35BLp7x-Ik

piece of the blog post today:

On a more positive note, our lawyers have now recovered the funds from our recalcitrant ex-employee. We expect the funds to be deposited into our account in the next 24-48 hours and we expect to remit the final three investors from the small trading group by early next week. This issue has been a major distraction and I can't wait to put this issue behind me and just focus on my trading. (And the next person who asks me if I would ever consider starting up a "business" again, will get a resounding "NO!!!!" for an answer).

I hope that's true.