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Jacko's Forex House of Pleasure and Pain

  • #12,301
  • Aug 26, 2010 11:04pm Aug 26, 2010 11:04pm
http://forexmagnates.com/cftc-charges-california-based-highlands-capital-management-lp-and-glenn-kane-jackson-with-forex-scheme/


The complaint alleges that Jackson claimed never to have experienced a single losing year trading forex. Actual domestic forex trading accounts managed and controlled by Jackson, however, had consistent net losses each year from 2005 to 2009.
  • #12,302
  • Aug 26, 2010 11:19pm Aug 26, 2010 11:19pm
Quoting Auspip

The complaint alleges that Jackson claimed never to have experienced a single losing year trading forex.
pff, that's nothing. not only have I never lost a single trade, I also have never had a hangnail. And I can fart "Stayin' Alive" by the Bee Gees.

You send money now!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,303
  • Aug 26, 2010 11:29pm Aug 26, 2010 11:29pm
Quoting Auspip
http://forexmagnates.com/cftc-charges-california-based-highlands-capital-management-lp-and-glenn-kane-jackson-with-forex-scheme/


The complaint alleges that Jackson claimed never to have experienced a single losing year trading forex. Actual domestic forex trading accounts managed and controlled by Jackson, however, had consistent net losses each year from 2005 to 2009.
Thanks Auspip! And so it ends. Looks like the search is over. HongKong, Singapore, Bugtussel Alabama. And he was in Cali.
  • #12,304
  • Aug 26, 2010 11:41pm Aug 26, 2010 11:41pm
Another article.

http://www.marinij.com/marinnews/ci_15353636

With pics:
Attached Images
  • #12,305
  • Aug 26, 2010 11:57pm Aug 26, 2010 11:57pm
Quoting billflet
Another article.

http://www.marinij.com/marinnews/ci_15353636

With pics:
The Dog and Scarecrow... a lovely team!

http://pvdugas.files.wordpress.com/2007/11/dog.jpg http://www.businesspundit.com/wp-con...scare_crow.jpg
  • #12,306
  • Aug 27, 2010 12:06am Aug 27, 2010 12:06am
Quoting Slack
The Dog and Scarecrow... a lovely team!
conjugal visits, baby, aww yeah...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,307
  • Aug 27, 2010 12:17am Aug 27, 2010 12:17am
Previous article links were from late June..

As of August 16, 2010...

Tiburon couple gets more charges in Ponzi probe

By Gary Klien
Posted: 08/16/2010 03:40:19 PM PDT

"A Tiburon couple accused of running a massive Ponzi scheme was hit with more charges after authorities turned up two additional victims, the district attorney's office said...

Glenn Kane Jackson, 44, and Gina Michelle McGee, 42, are now charged with bilking 14 investors in a currency exchange enterprise that lost more than $3.5 million in investor contributions, Deputy District Attorney Robert Nichols said Friday...."

"...The couple, who have been in Marin County Jail since June, were brought back to court last week to hear the new charges against them. They now face more than 40 counts of securities fraud, grand theft and conspiracy....
Jackson's bail is set at $5 million, McGee's at $3 million. They have yet to enter pleas in the case, which is still developing and could generate additional charges, Nichols said..."

http://www.contracostatimes.com/news/ci_15797060?nclick_check=1
FUBAR...
  • #12,308
  • Aug 27, 2010 12:30am Aug 27, 2010 12:30am
...could it be...?

"Jackson" is the no. 13 most common surname in the US...

http://names.mongabay.com/most_common_surnames.htm

hey mine is in the top 10 - maybe I should be a con man, too....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,309
  • Aug 27, 2010 12:43am Aug 27, 2010 12:43am
Quoting The Fool
IMPORTANT.
As of July 2010, I am no longer accepting any new members.

...because I am in the Tiburon, CA jail. Please send me a hacksaw in a cake.
Buddy, you kill me....

On a more serious note, I'm not surprised that you pieced this thing together. Well done.

Kane Jackson = Wayne Jackson????

Sound likely to me.
  • #12,310
  • Aug 27, 2010 12:48am Aug 27, 2010 12:48am
One of the things to remember here is that all these charges are limited to investors from a couple counties in California... but according to some of the folks here, there's an international aspect to this that isn't covered by any of these articles and/or charges yet. The last line however leaves some intriguing thoughts hanging in the air...

So until it's verified by the proper authorities these are the same folks, there's always the chance... they're not.

Excerpts from what appears to be the original news release from June 15, 2010...

"...Authorities said Jackson and McGee conned the investors out of huge sums of money through a purported low-risk, high-yield foreign currency exchange strategy. ...

The arrests follow an eight-month investigation by the district attorney's office and Officer Zachary Jacobsen of the Tiburon Police Department, who unraveled a tangle of financial entities and money transfers. The alleged crimes occurred over the past four years.

Authorities said Jackson impressed new clients by describing himself as a former U.S. Navy Seal. In fact, he had failed basic Seals training and was "involuntarily disenrolled" in 1992, Jacobsen discovered.

The investigation also revealed that Wisconsin authorities had ordered Jackson to stop selling securities in that state, and that Jackson had been fired as a corporate officer of a Florida-based maritime security firm for allegedly using company funds for personal expenses.

Prosecutors requested bail of $5 million for both suspects because of their history of foreign travel and their potential access to still-unquantified sums of money..."

http://www.contracostatimes.com/news/ci_15302936?nclick_check=1
FUBAR...
  • #12,311
  • Aug 27, 2010 12:55am Aug 27, 2010 12:55am
Quoted from one of the articles:
"The complaint alleges that Jackson claimed never to have experienced a single losing year trading forex. Actual domestic forex trading accounts managed and controlled by Jackson, however, had consistent net losses each year from 2005 to 2009.
Beginning as early as August 2008 and continuing through December 2009, the defendants allegedly sent customers account statements indicating that the defendants’ forex trading was consistently generating profits. Actually, however, forex trading during this period conducted by the defendants on behalf of the customers resulted in net losses.
Although Jackson honored withdrawal requests from some customers, he responded to others with delay and numerous false explanations as to why customers’ money could not or would not be returned, according to the complaint. In total, the defendants allegedly failed to return or otherwise account for $2.1 million in customer funds."


The timelines match up. "Wayne Jackson" showed up here about the same time Glen Kane Jackson got underway. "Wayne's" blog unraveled at the same time Glen Kane got busted. The stall tactics are similar. It would be quite a coincidence if they're not the same person.
It's pretty likely that he began soliciting here about the same time his original investors started looking for some cash returns.



Or maybe Jacko is really in Asia, gathering up all the money to return to investors while admonishing his evil employee who caused the whole misunderstanding.
  • #12,312
  • Aug 27, 2010 12:58am Aug 27, 2010 12:58am
i gotta believe the cali police woulda seized computers and such and tracked his dealings on the web somehow...leading eventually to his persona here in our cheesy little world

i don't know though, they ain't that smart, least they never caught me doin what i used to do, which, for the record, i never really did

nor ever do again
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,313
  • Aug 27, 2010 1:01am Aug 27, 2010 1:01am
Quoting ak4x
One of the things to remember here is that all these charges are limited to investors from a couple counties in California... but according to some of the folks here, there's an international aspect to this that isn't covered by any of these articles and/or charges yet. The last line however leaves some intriguing thoughts hanging in the air...

So until it's verified by the proper authorities these are the same folks, there's always the chance... they're not.

Excerpts from what appears to be the original news release from June 15,...
As right you are, I must say it (at the very least) walks like a duck....
  • #12,314
  • Aug 27, 2010 1:03am Aug 27, 2010 1:03am
Quoting The Fool
i gotta believe the cali police woulda seized computers and such and tracked his dealings on the web somehow...leading eventually to his persona here in our cheesy little world

i don't know though, they ain't that smart, least they never caught me doin what i used to do, which, for the record, i never really did

nor ever do again
After reading several time I must ask; Do you still drinks too much?
  • #12,315
  • Edited 1:21am Aug 27, 2010 1:08am | Edited 1:21am
The saga continues... wu tang wu tang
Time hides Nothing
  • #12,316
  • Aug 27, 2010 1:14am Aug 27, 2010 1:14am
I hope you guys are right, but keep in mind; CA is very large and has a long history of all kinds fraudsters and illegal activity. Heck, the (then) porn capital of the world was just around the corner from my former employer.

Back in the 80's modern day credit card scams were just starting to blossom here in Los Angeles. I saw it grow exponentially as the word of "easy money" was spread. Then people with some money, resources and more brains moved in and setup businesses. Unfortunately, for them, the FBI was right behind them.

Long story... FX scams are growing like weeds.
  • #12,317
  • Edited 9:54am Aug 27, 2010 1:24am | Edited 9:54am
Quoting bablo
As right you are, I must say it (at the very least) walks like a duck....
Yeah... I gotta say tho, the one thing that isn't adding up for me yet is the fact that after 8 months of intensive investigations that finally yielded these charges in California on GKJ, I have to wonder why there's NO mention of any international involvement what with all the funds and transfer activity centering a'rd the Jackson Fortress Asset Management Ltd outfit...

Seems like what with all the other historical stuff in several other states those guys dug up on this Glenn K Jackson, someone would have at least alluded to it as "pending" whether it was in their jurisdictional sphere or not... still the last line in that earliest article explaining the bail numbers leaves a lot open to ye olde imagination... and Twee was very clear that FF tried to contact Jacko and got no replies during this time that GKJ was at the Graybar Hotel.


At the least, if it turns out they are different folks, ((and I sincerely Hope they are...)) this GKJ episode only underlines the hazards of farmed out Funds management when adequate due diligence isn't done..

I mean... who would believe a mayor when he says "Have I got a deal for you"...?
FUBAR...
  • #12,318
  • Aug 27, 2010 1:29am Aug 27, 2010 1:29am
Quoting ak4x
Yeah... I gotta say tho, the one thing that isn't adding up for me yet is the fact that after 8 months of intensive investifations that finally yielded these charges in California on GKJ, I have to wonder why there's NO mention of any international involvement what with all the funds and transfer activity centering a'rd the Jackson Fortress Asset Management Ltd outfit...

Seems like what with all the other historical stuff in several other states those guys dug up on this Glenn K Jackson, someone would have at least alluded to it as "pending"...
Maybe ....just maybe, the scam is much bigger then anticipated with others involved (at an international level) and there maybe investigations still ongoing (trying to catch others involved) or maybe its not Jacko.

I know, I know, a lot of maybes!
What you do is a reflection of you....what I do is a reflection of me.
  • #12,319
  • Aug 27, 2010 1:38am Aug 27, 2010 1:38am
Quoting ak4x
underlines the hazards of farmed out Funds management when adequate due diligence isn't done..
...so nobody ever met jacko in person such that they might ID him from these pics?

..and....so....who gives somebody 5-6 figure chunks of change to trade - without ever even laying eyes on them...?

....mind.....boggling....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,320
  • Aug 27, 2010 2:36am Aug 27, 2010 2:36am
For anyone interested, here's Jacko's blog from the beginning till today (in pdf format so people can't view source and see any codes that could id me): http://rapidshare.com/files/415399897/Jacko.zip.html
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