1. · Forex fraudster Alex Hope gets 7-year jail term. 0. Send to a friend; Newsletter signup X. India’s BSE slashes fees in Forex derivatives battle with rival NSE News BSE Ltd. said the derivatives move was part of a strategy that accepted sacrificing potential profit margins to build volume, as it aims Author: Maria Nikolova 4. 4. · Alex Hope, the foreign exchange trader who hit the headlines after reports claimed he spent £, in one night on a bar bill, has been arrested on suspicion of unauthorised blogger.comted Reading Time: 1 min 1. · The Forex fraudster Alex Hope has been handed a seven year sentence for cheating investors out of more than £5m. Hope, who became famous for
Alex Hope, British Trader, Reportedly Spends $, At Nightclub [PHOTOS] | HuffPost
By Lee Boyce for Thisismoney. Published: BST, 9 January Updated: BST, alex hope forex, 9 January A conman catapulted into the limelight when alex hope forex ran up a huge bar tab has been found guilty of fraud after he stole £2million of alex hope forex money to fund a champagne lifestyle. Alex Hope, alex hope forex, who once spent £, on a single bar bill, was found guilty of fraud at Southwark Crown Court today, the Financial Conduct Authority announced He had already admitted operating a collective investment scheme without authorisation, earlier this year.
The FCA prosecuted Hope after he ran a scam that took in £5million of investors' cash, claiming he would make large returns for them from the profits of his forex trading, alex hope forex.
Instead, he lost money and splashed out on himself. Forex fraudster: Alex Hope became infamous for running up big bar tabs. He is pictured with Desperate Scousewives alex hope forex Layla Flaherty on a alex hope forex out. The FCA said that between March and AprilHope took more than £5million from investors and used £2million of this for personal expenditure.
Prior to the trial, his co-defendant Raj Von Badlo, pictured below, pleaded guilty to an offence of recklessly making false representations to investors and a further offence of promoting a collective investment scheme without authorisation at a hearing on 22 July In February last year, our sister newspaper publication Money Mail investigated Hope's co-defendant Von Badlo, also known as Raj Shastri, after alex hope forex ran property seminars claiming to make investors rich, alex hope forex.
Hope told investors he would trade their alex hope forex on the foreign exchange markets, delivering out-sized profits, alex hope forex. Hope made himself out to be a talented and successful trader who could make investors a return of up to per cent in just a few months. In reality, Hope's trading was heavily loss-making, the FCA revealed.
He lost over £, of the £, alex hope forex in his trading accounts. Seen before: Money Mail reported on Raj Von Badlo, also known as Raj Shastri, back in February last year. Georgina Philippou, acting director of enforcement and market oversight at the FCA, said: 'Using fraud and false promises, Hope took in those who trusted him to invest their money.
Hope and Von Badlo will be sentenced on 16 January The FCA will instigate confiscation proceedings against both defendants.
Raj says he can make you a property millionaire. Raj Shastri: Money Mail reporter Ruth Lythe investigated his seminars last February. In February alex hope forex year, undercover journalist Ruth Lythe reported on a property seminar in which Raj Shastri promised to make people property millionaires. He had built himself an internet presence in which he said he was a successful and wealthy property entrepreneur, including YouTube videos promoting himself.
His website rajshastri. net says: 'I built a multi-million pound property portfolio in just 5 years, let me show you how. One of Shastri's YouTube videos even includes him being interviewed in BBC Breakfast, while his website has shots of him appearing on a series of BBC property and money shows. He was arrested in May on charges related to the forex scheme with Hope. Below is an excerpt from Ruth Lythe's report:. A wodge of crisp new £20 notes has just been thrust into my hand.
The only thing holding you back is fear. Luck just means seizing opportunities when they come to you. This is Raj Shastri and, as he has mentioned several times already, he is a property millionaire. And — as he has also just been telling me and the other audience members gathered in the conference room of a plush London hotel — he thinks we can all become one, alex hope forex, too. Property is a simple game, Raj claims, pacing the stage as images alex hope forex luxurious homes and his gleaming sports cars flash up behind him.
Ugly houses make you the money. It was on his 40th birthday that Raj decided to go into property, he tells us.
With just £ in his pocket, and living in a room in a shared house, he took the plunge. He found out about a developer who was selling cut-price homes, and arranged a meeting.
He was so nervous he sat in his car for half an hour. Then he walked in and managed to negotiate a discount. Five years later, alex hope forex, he had a multi-million-pound property empire. Today Raj says he lives next to the Thames in exclusive Marlow, Bucks.
I start to wonder if everyone else in the room is buying this spiel. Most look spellbound, and no one leaves their seat. Some are filming the presentation on their mobile phones. A picture of a bland, Seventies three-bedroom house flashes up: it really is the little grey box Raj was boasting about earlier. Has anyone been to Hartlepool? This, I know, is one of the towns in Britain where house prices have plunged dramatically since the banking crisis. It has left the region with huge social problems.
Raj tells us how much money this house is making him. And so it goes on. There are more flats, townhouses in Clapham, London, and houses in Leicester. The effect is quite hypnotic. If the property market should fall, you could alex hope forex up owing hundreds of thousands to the banks. Some links in this article may be affiliate links. If you click on them we may earn a small commission.
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Forex fraudster Alex Hope who spent £k on alex hope forex bar bill and pocketed £2m to fund lavish champagne lifestyle found guilty of duping investors Hope found guilty of one count of fraud at Southwark Crown Court Took more than £5m from investors in which to trade on forex markets Co-defendant Raj Von Badlo also found guilty of two other offences Undercover Money Mail report on Von Badlo, aka Raj Shastri's, claims he could make people property millionaires By Lee Boyce for Thisismoney.
uk Published: BST, 9 January Updated: BST, 9 January e-mail 62 shares. Raj says he can make you a property millionaire if you hand over £10, Do you believe him? Currency trader accused of Ponzi scheme 'was dubbed King Popper alex hope forex spraying £32, of champagne around at a nightclub'. Share or comment on this article: Forex fraudster Alex hope forex Hope found guilty of duping investors e-mail Toggle Search.
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Forex trader Alex Hope found guilty of £5m fraud
, time: 0:16Forex trader Alex Hope found guilty of £5m fraud - CityAM : CityAM
1. · Forex fraudster Alex Hope gets 7-year jail term. 0. Send to a friend; Newsletter signup X. India’s BSE slashes fees in Forex derivatives battle with rival NSE News BSE Ltd. said the derivatives move was part of a strategy that accepted sacrificing potential profit margins to build volume, as it aims Author: Maria Nikolova 3. 6. · Alex Hope, a year-old UK foreign exchange trader, reportedly racked up what, if true, could be one of the most expensive nightclub bills of all time, a whopping $, in just three hours of partying, the Mirror blogger.com would be even more than NBA phenom Lebron James spent at a Las Vegas nightclub, when he was once billed over $, 4. 4. · Alex Hope: Yeah, I picked up about 80 percent of that bill. But that unique bottle was something I paid for and was happy to pay for because it's something I really wanted. I think only three or four people in the world have ever bought that, so for me to be the youngest it's like really blogger.comted Reading Time: 5 mins
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