It's happened again - £27 million lost in betting scheme

[andyfuller]

Just listened to Saturday's Radio 4 Money Box program and they have a story on there about a multi-million pound investment scheme called The Winning Express that has collapsed, leaving more than a thousand investors out of pocket to the tune of £27 million.

It was endorsed by footballers and based on gambling. Victims claim that the authorities failed to properly investigate despite repeated warnings.

You can listen here:

http://www.bbc.co.uk/programmes/b0848blr

[Dallas]

Thanks for posting that Andy will look forward to listening later this evening

[kerberus]

Try this one:- 5/12/2016

Shari Vahl hears concerns that loan sharks are increasingly preying on gambling addicts.

http://www.bbc.co.uk/programmes/b0848m8x

And stay away from those nasty supermarkets!

[Euler]

FFS how many times?

https://www.youtube.com/user/thewinningexpress

http://web.archive.org/web/201501190450 ... press.com/

[ShaunWhite]

So, yet again we have greedy people fleecing greedy people, it's hard to know who to root for. I suggest neither as both are equally guilty of expecting a free lunch.

Due diligence is part of human nature (if you drop a cake and pick it up, you naturally check it for dirt) so why are people so careless with their money unless they are blinded by greed?

...I suspect these comments won't go down well, but I'm just a bit tired of people being warned about cars on the road, only for them to be knocked down by a bus. My dad would have said these scams are just chlorine in the gene pool, I've clearly inherited his lack of sympathy.

[spreadbetting]

Have they released a client list of these greedy customers then , or are you just making assumptions like your dad?

[bennyboy351]

So, yet again we have greedy people fleecing greedy people, it's hard to know who to root for. I suggest neither as both are equally guilty of expecting a free lunch.

Due diligence is part of human nature (if you drop a cake and pick it up, you naturally check it for dirt) so why are people so careless with their money unless they are blinded by greed?

...I suspect these comments won't go down well, but I'm just a bit tired of people being warned about cars on the road, only for them to be knocked down by a bus. My dad would have said these scams are just chlorine in the gene pool, I've clearly inherited his lack of sympathy.

My late father (he's been gone 40 years now!) used to say that greed would be man's downfall - so I reckon bugger all changes really, does it?

[Euler]

I think it says a lot for human nature. I also think that if you can avoid some of these basic mistakes that people make, you will do so much better than the crowd. Because the crowd can be surprisingly stupid.

[spreadbetting]

I'd imagine these scams are a little more sophisticated than a Nigerian email so wouldn't write off the victims as retards tbf. It's usually the elderly and vulnerable that get taken in as they're more trusting.

I even knew someone I thought was reasonably clever get taken in by the fake Microsoft calls in the early days and god knows how any people have been taken in by the lure of easy riches from trading

[ShaunWhite]

It's usually the elederly and vulnerable that get taken in as they're more trusting.

Just to clear things up I'm not a totally heartless b&stard, those guys that flog 5 grand chairs and beds etc to old folks should be locked up.....it's the victims of get rich quick/easy schemes that I have little sympathy for.

[LeTiss]

Sad to hear. I can't believe people still fall for this shit

[LeTiss]

Has anyone ever involved themselves with these guys http://www.betgreen.co.uk/

It appears you can now pay them £20 per month for daily emails? On what exactly?

Another scam IMO, from somebody who has an interest in trading, but doesn't make enough himself, so sets himself up as an expert and fleeces others

[SeaHorseRacing]

Has anyone ever involved themselves with these guys http://www.betgreen.co.uk/

It appears you can now pay them £20 per month for daily emails? On what exactly?

Another scam IMO, from somebody who has an interest in trading, but doesn't make enough himself, so sets himself up as an expert and fleeces others

I have never used them but they are definitely scams and my reasons for thinking so is...
If you were paying the high bracket of premium charge then this would be a good reason to try and offset with some inome, but it would never generate enough to cover or match it.

Definetely a type of scam.

[pfc304]

Has anyone ever involved themselves with these guys http://www.betgreen.co.uk/

It appears you can now pay them £20 per month for daily emails? On what exactly?

Another scam IMO, from somebody who has an interest in trading, but doesn't make enough himself, so sets himself up as an expert and fleeces others

I have never used them but they are definitely scams and my reasons for thinking so is...
If you were paying the high bracket of premium charge then this would be a good reason to try and offset with some inome, but it would never generate enough to cover or match it.

Definetely a type of scam.

I've watched some of their videos on Youtube trading horses, I was horrified.