Posts Tagged ‘Internet Fraud’

History Part 2

July 27, 2015

My first Post in this series simply called HISTORY was always going to be Part One but I thought about it and dropped the Part One words from the Headline because I wasn’t sure when I was going to do the next one and how many there will be.

This is it now and I can say that I expect the series to go up to Part 6 or thereabouts.

This one is also like the first One different from what will follow in the Parts to come and I want to establish certain principles of history that is quite obviously unknown or not generally understood. Maybe they are only my opinions but I shall leave every reader deciding on his/her own conclusions.

The first point is that though it should not be so any opinion of recorded history largely depends on who wrote the book and/or who reads it. AND [kindly note the capitals] unfortunately it also depends on when it was written and when it is read.

In my own reading career I once read Memoirs of General Grivas on the Cyprus wars between Greeks and Turks. I couldn’t make up my mind who to support. When I read the book again 20 years later I still could not take sides between Grivas and Makarios and be honest with myself.

In the early sixties I read Glimpses of World History by Jawaharlal Nehru and was impressed. Thirty years later I was even more impressed by the great Man when I read the book again. I put him above Gandhi on the World scales of measurement of greatness. The strange anomaly in our country is that many people remember Gandhi [some despise him and some adore him; personally I don’t see him as any great figure in History] but very few ever read anything on Nehru.

My third and last example on the point should suffice.

Having been an adult life long supporter of a multi racial but united South Africa [classified as an extreme Liberal which I was not, though I was a Paton admirer and Fan] I could hardly wait to buy my personal copy of Long Walk to Freedom by Nelson Mandela.

I tried to read the book; put it aside several times and tried again and again but something didn’t gel; it became obvious that it was not Mandela’s own writing though it was enthusiastically promoted as the words of the “Great Icon.” I put the book aside for a number of years and re-read it after his attack on America with the warning about Gadaffi that “your enemies are not our enemies,” and after he had informed his successor, a wimp of a man called Thabo Mbeki, to give the prisoners the vote in M’Beki’s election to the Presidency in 1999. That time I managed to get through it with a feeling of despair for our country growing in my mind. The book was nothing more than a personal song of praise to an enormous ego in a large vacuum of utter emptiness.

I have learned to read all history as the opinion of one person. This is therefore, the way you can and should, read this. It is an opinion and I would like to hear from you before I go onto a very important Part Three about parallels and repetition of history.

You may read this Post in the meantime:

http://thefederalist.com/2015/07/20/europe-is-partying-like-its-1939/

 Ike Jakson

In Americus GA saka Americoon

ikejakson@gmail.com

 

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Velocity Trade Beware or Stay Away

April 26, 2015

http://www.earnforex.com/forex-brokers/VelocityTrade

 They represent South Africa’s most professional money swindlers.

 Don’t be misguided by the attractive ads and Webinar Invitations; you will lose your money fast. In the end they are more innocent than Greg Blank.

http://www.timeslive.co.za/Feeds/2014/02/02/greg-draws-a-blank-in-belfort-parallel

 ikejakson@gmail.com

Velocity Trade and Greg Blank an analogy with a variation Part One

April 26, 2015

Every investor in this world should read this with great care and attention to detail. It tells one version of the culprit crying a river about his unfair prison sentence while everybody was doing the same thing. Take note of the year 1992; the Internet had only been in operation for two or three years at the time.

 http://www.timeslive.co.za/Feeds/2014/02/02/greg-draws-a-blank-in-belfort-parallel

 Is it plain fraud or greed, or is it a portent of what was to follow? The “innocent fraudster complains about a judge with a personal agenda. You be the judge this time.

 Look who was involved. Old Mutual! What happened to the merry band of thieves working inside Old Mutual? The story was killed with deadly ear-breaking silence.

 Now look at early 2015:

 http://businesstech.co.za/news/international/69599/highest-paid-ceos-in-south-africa/

 See: Old Mutual CEO 89.8 million in the above, and then the next one:

 http://www.fin24.com/Companies/Financial-Services/Nedbank-hikes-CEOs-pay-to-R3505m-20150401

 Google Velocity Trade and see what you come up with. This one is a guide:

 https://ikejakson.wordpress.com/2015/04/10/velocity-trade-will-be-closed-down-by-old-mutual-sa-and-nedbank-sa/

 Just go and Google for Stern and Old Mutual 2014. That’s another funny story that Greg the innocent will have a gripe about. The story ran for days in the Financial Media pages; Old Mutual moved with lightning speed to get the FSB to remove Stern’s status as an authorized financial advisor from FAIS and then proceeded to kill the story with silence.

 Old Mutual owns Nedbank. Nedbank owns Velocity Trade. Another well-known guy in finance [he runs large things and is in the News everyday] ran a story about Velocity Trade having obtained the sole appointment to the business of some company with the letters MTN in it [I don’t know whether it is our own well-known Hi-Tech MTN Telecom Company] but in the Article Velocity Trade boasts that they have traded in excess of 50 billion every month since start-up in 2008. They also have a vast Network of agents and assorted brokers that bring in the small clients. “Come watch how we Grow 50 thou into 500 thou,” is the logo in blazing color above the Velocity Web name. The truth is that your 500 thou will soon grow into 50 thou if you are one of the lucky ones; takes just three to five months; in most cases it will be 5 thou when they close your account.

 Read this small Website about some of these small clients, and then read what Greg says about ruined lives.

 http://omeraki.com/

 Some of the small guys got talking of the air. It’s heart-breaking despair.

What is going on at Old Mutual and Nedbank? The Great Silence sits like a massive cast iron lid on the dark hole of the hidden truth in 2015. Greg the fraudster of 1992 may just have a point.

 Please note that this is called Part One in the Headline. More will follow.

 ikejakson@gmail.com

Velocity Trade will be closed down by Old Mutual SA and Nedbank SA

April 10, 2015

Yes, mark my words you are on your way out.

You run a profiteering racket; you know it AND I KNOW IT. Old Mutual and Nedbank will know it from me within days.

Now, you can call this blackmail as you tried with me before. Go ahead and try it again.

You are cheats, liars and greedy sleazebags but you thought I would run and disappear like all your other victims; well, as you know I didn’t and I assure you I won’t. You asked for a fight and now you will have it.

I have plenty of evidence; the court will decide on that. You have lied and tried to divert the attention away from the final statements that you still refuse to supply; you have tried denial and you have tried deceiving to wiggle your way out of it. Old Mutual SA and Nedbank SA will now ask you to supply it. This tells me they will:

http://businesstech.co.za/news/international/69599/highest-paid-ceos-in-south-africa/

See: Old Mutual CEO 89.8 million in the above, and then the next one:

http://www.fin24.com/Companies/Financial-Services/Nedbank-hikes-CEOs-pay-to-R3505m-20150401

That’s enough for now. Call it whatever you like and do whatever you like. I am going to look for sponsors and support from all your other victims and will do it all in the open. Just take it I am coming for yeah!

 ikejakson@gmail.com

Velocity Trade Scam passes Bernard Madoff to fill the World Number One Spot in Financial Crime

April 2, 2015

Take a look at what we once had:

 The Americanization of Emily (1964) – IMDb

http://www.imdb.com/title/tt0057840/

Rating: 7,4/10 – 3 418 votes

Photos. Still of James Coburn in The Americanization of Emily (1964) Still of Julie Andrews and James Garner in The Americanization of Emily (1964).

 How ‘Driving Miss Daisy’ Became One of the Most Scorned Best …

https://www.yahoo.com/…/how-driving-miss-daisy-became-one-of-the-most- 105004366092.html

12 Dec 2014 … On the 25th anniversary of ‘Driving Miss Daisy’s release, we look back on its reputation as one of the worst Best Picture Oscar winners ever.

 To Dance with the White Dog (TV Movie 1993) – IMDb

http://www.imdb.com/title/tt0108347/

This is the touching story of an elderly widower trying to work through his grief. When Sam Peek’s beloved wife, Cora, dies, a white dog suddenly materializes as Book published in 1990.

 Those were the days when business had principles and honor. They filmed White Dog in Americus GA, my beloved home away from home on Route 19 that enters from the south, runs right through it where it crosses with 280 East and West then goes up north all the way to Canada, I think.

 What has happened to that World?

 Is all we have left the greed, the gluttony of Velocity Trade out of Toronto Canada and their ilk around the Globe? There is likely one in your country.

Beware. They are all as innocent as Greg Blank:

 http://www.timeslive.co.za/Feeds/2014/02/02/greg-draws-a-blank-in-belfort-parallel

 ikejakson@gmail.com

 

Velocity Trade Fraudsters the inconvenient Truth and the First nail in the Coffin

December 8, 2014

Open letter to Velocity Trade Toronto Canada

 This, gentlemen, I hunted down in Brazil.

 http://www.investing.com/about-us/risk-warning

 Risk Warning

THE RISK OF TRADING COMMODITY FUTURES, OPTIONS CFD’S, SPREAD BETTING AND FOREIGN EXCHANGE (“FOREX”) IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS CFD’S, SPREAD BETTING AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU.
THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES, OPTIONS CFD’S, SPREAD BETTING AND FOREX IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS.
EACH BROKER/ADVISOR (“CTA”) IS REQUIRED BY THE REGULATOR TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. THE FULL RISK OF COMMODITY FUTURES, OPTIONS CFD’S, SPREAD BETTING AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT.
NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS/BROKERS IN WHICH YOU MAY HAVE AN INTEREST.
REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE REGULATOR HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THESE PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED, ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.
TRADING ON MARGIN INVOLVES HIGH RISK AND IS NOT SUITABLE FOR ALL INVESTORS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU BEFORE DECIDING TO TRADE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT OBJECTIVES, LEVEL OF EXPERIENCE, AND RISK APPETITE. THERE IS ALWAYS A RELATIONSHIP BETWEEN HIGH REWARD AND HIGH RISK. ANY TYPE OF MARKET OR TRADE SPECULATION THAT CAN YIELD AN UNUSUALLY HIGH RETURN ON INVESTMENT IS SUBJECTED TO UNUSUALLY HIGH RISK. ONLY SURPLUS FUNDS SHOULD BE PLACED AT RISK AND ANYONE WHO DOES NOT HAVE SUCH FUNDS SHOULD NOT PARTICIPATE IN TRADING FOREIGN CURRENCIES OR COMMODITIES OR FUTURES OR OPTIONS OR CFD’S OR SPREAD BETTING. TRADING IS NOT SUITABLE FOR EVERYONE.
TRADING COMMODITY FUTURES, OPTIONS, CFD’s SPREAD BETTING AND FOREIGN EXCHANGE (“FOREX”) INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS.

 ikejakson@gmail.com

Velocity Trade Fraudsters seem to have a Death Wish

December 2, 2014

Open letter to Velocity Trade Toronto Canada

 Fraudsters like Velocity Trade from Canada and other foreign soils should take note of this Fin24 Article:

 http://www.fin24.com/Companies/Financial-Services/FSB-cheers-jail-term-for-Fidentias-Brown-20141201

 Our country became a natural Mecca for every crook and gangster in Finance that descended in waves like flies for the bounty in our land ever since our doors were thrown open to the World 20 years ago.

 The impression still exists with many that it is all the fault of the current government regime and that they are the only recipients of the largesse.

 No Sir that was indeed not the case when it started. Yes, the incoming regime made it possible but white business gleefully accepted and actively took the lead in the opportunities offered to them. All the young snot-nosed so-called financial wizards from the English speaking Nations of the World have since settled here and our gullible public, our pension funds and the uninformed are being bled dry.

 Our new Courts were in disarray and for a while crime became the highest paying business to be in. Our Financial Regulators [mainly the Financial Services Board, FSB for short] have had an uphill battle but finally had reason to smile just yesterday.

 The High Court of Appeal overturned a previous lenient High Court sentence of a rather small fine and imposed a stiff 15 years behind bars for the culprit; the FSB investigators are smiling. This is what they said afterwards:

 “This is a great day for South Africa’s justice system and for our citizens. It shows that no matter who you are, if you break the law, you will be prosecuted – and sentenced appropriately.”

Fraudsters in unregulated business like Velocity Trade CFD derivatives, Illegal Forex Trading and other Ponzi Schemes will, we all hope soon find out what it’s like inside a South African jail.

 If you have had any adverse dealings with Velocity Trade feel free to copy this and/or email me. If you still have money with them ask for a Summary Statement and look for Swap Fee debits.

 My follow-up Post will deal with how they manage to steal your capital without you knowing.

 ikejakson@gmail.com

Velocity Trade Fraud and Theft Alert to Nedbank and Old Mutual

November 27, 2014

Open Letter to Nedbank and Old Mutual South Africa.

Thursday, November 27, 2014

Good Morning to y’all

You should all read:

http://www.amazon.com/Rogue-Trader-Brought-Barings-Financial/dp/0316518565

It’s the story of Nick Leeson, Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World.

Now read this:

http://www.fin24.com/Companies/Financial-Services/Nedbank-to-merge-two-banking-units-20141126

It still looks good for you guys; you are still tops in South African Finance. You virtually own each other; the Old Mutual being the oldest life assurer, first established if my memory serves me correctly in 1846 under the Chairmanship of one Fairbanks of Freedom of the Press fame way back in South African History.

It’s still somewhat of a puzzle how Nick Leeson got started, much like the missing parts in the story of pending doom that you guys face if you don’t act right away but I think that I have the gist of it now.

I know the overall plan; what I still miss is how the snot-nosed young computer wizards at Velocity Trade work the computer programs to mislead you.

There is of course, a secure line between the JSE computer and the one at the external Trader. I am sure there is no problem with that.

What they are doing with the JSE Data once it is inside their system is what you must look for.

The customers are selected by a process currently unknown to me. I am however positively sure that it is a process of selection because the internal audits of large customers will pick it up on their computers, much like Leeson eventually shot himself in the foot but it was by then too late to save Barings.

I am chipping away on that and will locate it in the case that I am involved in.

What you guys at Nedbank and Old Mutual need to do is to uncover the entire mess before they bring you down.

Ignore this warning if you want to follow Barings down the tubes. The FSB can’t protect the public in this one because the Velocity Traders, decided to do it with CFD derivatives that are not within the regulation powers of the FSB; that was a brilliant move, I must hand it to them.

ikejakson@gmail.com

Velocity Trade Rip-Off Alert on how to steal your Money at High Velocity

November 25, 2014

OK, if you want to lose your money fast the Velocity Nedbank CFD Scam will do it for you.

You ain’t ever seen anything like this. Quick profits are their specialty [a brochure advertises a Webinar on how to increase 50k to 500k in one year]. You can put in 250k and increase it to 2.5 million. The inconvenient truth however, is that you will lose your 250k in six months.

Velocity operators are masters in what they don’t tell the selected victim.

Their Association with Nedbank is a scam. Nedbank, one of South Africa’s most respected Banks [largely controlled by Old Mutual, a household name in South African finance and by quite a margin the oldest and biggest Finance Group in the Country] is not aware of the proclaimed association with Velocity.

Nedbank carries an email contact address in their Web Page:

iwanttovent@nedbankcfd.co.za

Try it and see how far you get.

Velocity Trade in Toronto Canada has an email address in their Web Page:

clients@velocitytrade.com

Try that and see how far you get.

Oh Yes Sirree, they do have the highest of Hi-tech computer systems. They will email you statements and Screenshots and as many Trade Profit Statements as you want all very impressive, until you compare the beautiful array of detail with your own balance that you can keep in a simple MS.xls document.

Now you need a detailed item for item Balance statement and that duly arrives by email. But you find it is in code. What are these debit fees, you ask? Evasive answer follows after two weeks.

No, you say, what are these Swap Fees?

The curtains come down. After four months you have had an impressive clear net profit of almost 25% after all expenses and brokerage, or so you thought from the screenshots but in reality you have just lost all those profits plus 80% of your invested capital in a matter of four months; two months later you end up with 5% of your original investment.

You have had a similar experience, or if you want to know more?

Email:

ikejakson@gmail.com

Let us nail these frauds.

Velocity Trade Priority Alert

November 23, 2014

Open Letter to Velocity Trade Toronto Canada

Sunday, November 23, 2014

Good Morning Toronto

If you were running a branch Office in Cape Town South Africa what will you do if you find out about this correspondence between your branch and a customer?

I quote verbatim from the emails, no editing. The language is in Microsoft South African English:

The customer emailed your branch on October 29th 2014:

“Good morning Craig and Keith

I received another one of your silly margin notifications at 18:30 last night; you really have to fix your system to stop this nonsense.

I understand that you are trying to put up a show of compliance with regulations; well, this is not it but have your fun if you wish to.

You must realise that I have investigated every aspect of our contractual obligations and must now inform you of my findings and ask you to attend to first things first.

You did not at any time divulge what you call the Nedbank liquidity provider charges to me and when I started asking questions a few months ago you deftly tried to evade the truth and to this day have not come clean on the matter though I have emailed you for the details.

Open and full disclosure of all aspects is part of your contractual obligations; the fees as I work them out from my account are way out of line. I understand that some other operators also have some charges; also was informed by the FSB that CFD’s are not at this stage regulated and I therefore, assume that you can in theory charge whatever you like; it may be scrutinised by the FSB in terms of their powers vested in the Ombudsman and/or the FSB FAIS regulations and I am now proceeding to ask them to do so..

You are way out of line with the Nedbank Parking Fee. To continue to claim that you are doing it to comply with regulation will be a waste of time. You are running a profiteering racket with/without the knowledge of Nedbank. You know the truth.

I got in touch with Nedbank and let the cat out amongst the pigeons; everybody is hiding behind their desks with no Manager in sight. You advised me in another email last week on another matter that you had “discussed with your management.” I must now respectfully ask that you advise me of the contact particulars of such Velocity management.

I am a patient individual but please don’t abuse that. I am aware that you are young men with long careers ahead of you still and I wish you no harm but I must now advise you to consider my position, on which I recommend as follows for the time being.

1. That you credit my Trading account with the full amount that you debited it with the Nedbank Liquidity Provider fees. I have had no benefit from any liquidity protection and don’t need any.

2. In terms of your breach of contract you don’t deserve the commissions debited to my Trading Account. I ask that you immediately credit to full amount to my trading account.

3. I shall watch the account and hope you will comply before the end of day. You have it all on your system and it is in my view possible for you to do it before lunchtime today.

4. That will enable me to start trading again [with no Nedbank Parking Fess, none whatsoever] and we can proceed to discuss the rest of my affairs.

I have been in touch with the Public Prosecutor and received their advice to commence with an application for legal aid in view of the fact that I am almost financially destitute at this stage. On the other hand I see no reason why we cannot solve the entire matter with common courtesy between us.

You may see an attorney if you wish [that is entirely your choice] but I ask that you at least reveal all including this email to him to advise you.

I expect some acknowledgement of the contents hereof by return email.”

A short response dated October 29th came from your branch:

“I have passed your complaint to my director Dan Carter and Compliance Officer.

They will be in contact with you in due course.

Kind Regards,
Craig Seale
Terminal Velocity – Support”

The customer responded on October 31st

“Good mornijng Craig

Can you ask Dan to do his best to let me have some contact with him today?

It is my first Velocity anniversary; it’s month end and it is Friday. To crown it all I think that there will be some very good buys on the JSE today and I need some money in my trading account to avail myself of the opportunities.”

On November 3rd someone emailed back:

“We note the contents of your email and the requests contained therein.

The complaint has been referred to myself as Key Individual, Daniel Carter as Director and Key Individual of Velocity Trade Financial Services as well as our Compliance Officer Enrique Goosen, and has been carefully considered.

We respectfully decline your requests to reimburse your CFD financing and premium charges on your account. Further, we disagree with your claims and accusations.

As explained over email and over the telephone on different occasions the reasons for our decision are summarised below:
– The terms and conditions accepted when applying for an account with Velocity Trade refer to our website, which you used to submit your application to Velocity Trade, for information about the fees charged for different instruments.
– Further details in relation to any aspect of your account are available through our support desk, which you are familiar with and have made use of on many occasions.
– On request from yourself additional explanatory information has been supplied to you over email in relation to questions posed by yourself on financing and other charges associated with CFDs.

Should you wish to pursue the matter further you may contact the FSB directly or through the FAIS Ombud: http://www.faisombud.co.za/howtocomplain.

The complaint may be pursued within 6 months with the Ombud for Financial Services Providers: http://www.faisombud.co.za/contact.

Kind Regards
Nicole Vos

Tel: +27 (0) 21 200 8803 | Fax +27 (0) 86 249 1005 | Cell +27 (0) 82 524 3707
200 on Main, Claremont, Cape Town, 7708, South Africa | “

All that needs to be added is that the last email is a fabrication of the mind of the writer.

May I ask for your comments, Good Sir[s] or the appropriate Officer dealing with such matters?