A fellow name of Tony Leon while he was Opposition Leader in South African Politics once said that looking for an honest ANC Politician is like looking for or training the great white man-eater shark to adopt vegetarian eating habits.
In finance around the World the worst elements you can think of have now been exposed in share and derivative Traders working through a World Wide Group under the name of Velocity Trade. They have their offices around the Globe but also canvass to work through Partnerships with other “independent or smaller Traders” who can use their investment programs to “trade direct on line live’ in major Stock Exchanges. The mother Company is given out to be operating from Toronto Canada.
Their main gimmick is in trading CFD derivatives. If you receive an email with a large colorful brochure inviting you to a “Webinar” [a lovely NewSpeak word of their Hi-Tech abilities] to show you how to grow your 50 thousand bucks into 500 thousand smackers in one year, be on the lockout; you are about to lose your 50 thousand in a matter of two or three months.
It’s a great Scam; that I have to admit. Nedbank, one of South Africa’s largest and highly respected Financial Services Operators is supposed to be backing their systems [so they say]; there is or was once a link with another International Group called Vanguard Securities. It seems that the latter is legit; the Vegetarian Sharks only used the Vanguard name to ride on. The legit Vanguard took legal action and won; the imposters were forced to cease using the Vanguard name and now work under the name of O’Meraki Global Equity and Derivative Traders through the Investment Platform of Velocity Trade on the JSE.
The Vegetarian Shark Group seems to have side-stepped the South African Government Financial Regulators with the use of the CFD product because CFD “derivatives” are not within the regulated fields of investments. The South African Regulators [aka the FSB for Financial Services Board] have no power to act in the case “unregulated crime.”
Don’t part with any money to these Sharks; the moment you do what you are left with are mere entries on a computer chip.
It’s quite a clever scheme; beware and watch for more detail as the investigations continue. If you have fallen for it, get out as much as you can and run.
To be continued; feel free in the meantime to copy and redistribute this; you may be doing your brother or your neighbor a service.
ikejakson@gmail.com
Tags: CFD Derivative Trading, Old Mutual and Nedbank South Africa, South African Revenue Authorities, Stock Exchange Fraud, Velocity Trade Toronto Canada
Jaksonian Philosophy 
November 10, 2014 at 12:53 pm |
Reblogged this on et cetera* and commented:
A rather wise old saying I’d say:
“A fool and his money are soon parted”
November 10, 2014 at 2:23 pm |
Thanks JP
Yes, but this time the snot-nose young traders made the mistake of picking a wise old man as their next victim.
November 10, 2014 at 9:09 pm
Umm, let me hazard a guess as to who/whom (pick one) the “wise old man” is.
Eyes may falter, body may indicate such, but the “old man” part, I ain’t buying…lmao
November 11, 2014 at 4:24 am
JP
Thanks; it’s very gracious of you but I must correct a wee small incorrect impression that I may have created. You will understand and I would just love to hear you on this explanation.
I meant to say old-timer in the comment you allude to and did so in one other place, not old man. There is a huge difference my mature just a little younger than I friend. This old-timer is gonna get them young snot-nosed kids. Do watch out for follow-ups on the Post.
November 20, 2014 at 2:31 am |
[…] https://ikejakson.wordpress.com/2014/11/10/velocity-trade-worldwide-exposes-the-vegetarian-shark-myth… […]
November 20, 2014 at 11:32 pm |
Since derivatives aren’t grounded by anything in the physical world you can’t really complain if you buy some and they vanish.
November 21, 2014 at 4:20 am |
Nimrod
Yes, you are right. But this bunch has a hidden charge [they don’t tell you about it up front] that starts eating into your capital from the first night. In a short space of time they can steal your entire capital base.
Send this around as much and as far as you can. I am going to nail these thieving bastards.