Posts Tagged ‘Old Mutual and Nedbank South Africa’

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

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Velocity Trade Worldwide exposes the Vegetarian Shark Myth

November 10, 2014

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