FXCM real money contest result's and record

Discussion in 'Forex' started by ssss, Aug 7, 2012.

  1. ssss

    ssss

    List of U.S. jackpots of at least $300 million
    $656 million, Mega Millions (March 30, 2012) shared by 3 tickets: Kansas, Illinois, and Maryland. Cash payout $474 million.
    $390 million, Mega Millions (March 6, 2007), 2 tickets: Georgia and New Jersey. Cash payout $233.1 million, third largest in American lottery history.
    $380 million, Mega Millions (January 4, 2011), 2 tickets: Holly Lahti of Rathdrum, Idaho; and Jim and Carolyn McCullar of Ephrata, Washington. (Cash payout $240 million, second largest cash value claim in American lottery history, pending the outcome of $337m annuity/$244.7m cash jackpot below, won on August 15, 2012)
    $365 million, Powerball (February 18, 2006); Nebraska. Biggest win on one ticket; shared by eight workers in a meatpacking plant.
    $363 million, The Big Game (precursor of Mega Millions), May 9, 2000, by 2 tickets (Illinois and Michigan.)
    $340 million, Powerball (October 19, 2005); Oregon.[1] The cash value, $164.4 million, was split by the Chaney and West families.[2]
    (pending) $337 million, Powerball (August 15, 2012); Michigan. Cash payout, $244.7 million, would be largest in Powerball history if the ticket is claimed.
    $336 million, Powerball (February 11, 2012); Rhode Island. Louise White of Newport chose the cash payout, $210 million, then largest in Powerball history.[3][4]
    $336 million, Mega Millions (August 28, 2009); California and New York.
    $331 million, The Big Game (April 16, 2002) by 3 tickets (Georgia, Illinois, and New Jersey.)
    $330 million, Mega Millions, (August 31, 2007) by 4 tickets (New Jersey, Maryland, Texas, and Virginia.)
    $319 million, Mega Millions (March 25, 2011); New York.
    $315 million, Mega Millions, won November 15, 2005, by a group called "The Lucky 7", in Anaheim, California, Choosing cash, their prize was $175 million.[5]
    $314.9 million, Powerball, won December 25, 2002, by Andrew J. Whittaker Jr., in West Virginia. Opting for the lump sum, as with most winners, his prize was $170,505,876[6]
    $314.3 million, Powerball (August 25, 2007); Indiana.335,000,000
     
    #31     Sep 5, 2012
  2. ssss

    ssss

    Europe

    Unlike in the United States, where lottery wins are taxed, and the winnings paid through an annuity, unless a lump sum (if allowed) is chosen by the winner(s), European jackpots are generally tax-free (the lotteries themselves are taxed in other ways) and jackpots are paid in lump sum. For example, in the United Kingdom's National Lottery, wagers are split between game operator Camelot Group and the government, with Camelot distributing some of the money for prizes, some for operating costs, a small amount (about 0.5 penny of each ₤1) for profit, some into their 'good causes' programme, with the remainder going to the government as tax; VAT however, is not due.[7]
    Examples of largest jackpots in specific European lotteries
    £161.7 million (US$260 million) was the largest jackpot and single-ticket jackpot in the pan-European EuroMillions, won on 12 July 2011 in the UK.[8]
    €147.8 million (US$205 million) was the largest single-ticket jackpot in Italy's SuperEnalotto lottery, won on August 22, 2009 in Bagnone (Toscana).
    €45.4 million (US$67 million) was the largest jackpot in Germany's Lotto 6 aus 49, won in December 2007 by three tickets.
    €37.7 million (US$48 million) was the largest single-ticket jackpot in the German Lotto 6 aus 49, won on 7 October 2006.
    £42 million (US$65 million) was the largest jackpot in the United Kingdom's Lotto, won on 6 January 1996 by three tickets.
    £22.6 million (US$36 million) was the largest single-ticket jackpot won on the UK Lotto game in June 1995 on a ticket purchased by Paul Maddison, from Hastings, East Sussex, and friend Mark Gardiner.
    €30 million (US$31 million) was the largest jackpot in France's SuperLoto, won in May 2006 by two tickets.
    €24 million (US$35 million) was the largest single-ticket jackpot in the French SuperLotto, won on 6 June 2011.
    €19 million (US$30 million) was the largest jackpot and largest single-ticket jackpot in Ireland's Lotto, won on June 28, 2008 by a group of sixteen work colleagues at a quarry and concrete plant in County Carlow.[9]
    €10 million (US$15 million) was the largest jackpot in Belgium's Loterie Nationale/Nationale Loterij, won in February 2008 by ten tickets.
    €7 million (US$9 million) was the largest single-ticket jackpot in the Belgian Loterie Nationale/Nationale Loterij, won in October 2006.
    [edit]
     
    #32     Sep 5, 2012
  3. ssss

    ssss

    Video Rhode Island woman, 81, is $336 million Powerball winner

    http://www.usatoday.com/news/nation/story/2012-03-06/powerball-lottery-winner/53389588/1

    BLOG: 81-year-old wins $336.4M Powerball
    "I want to say that I'm very happy. And I'm very proud," White said in a ceremony marking her win. "This will make my family very happy. We are truly blessed."
    White purchased the $2 ticket on a run to a Newport Stop & Shop for rainbow sherbet just hours before the Saturday night drawing. Fittingly, Tuesday's check was made out to the "Rainbow Sherbert Trust."
    The odds of winning were tiny — about 1 in 175 million. White didn't believe she had won after hearing the numbers 1-10-37-52-57-11 on TV. After checking the Internet, "we still didn't believe it," she said.
    "We turned off the computer and turned it back on and went back to the website, and my numbers were still there," White said. "We hugged each other and jumped up and down screaming."
    "She still can't believe she won," said family friend Barbara Martocci. "She's a very down to earth, grounded, nice woman. Her life revolves around her family."
     
    #33     Sep 5, 2012
  4. ssss

    ssss

    He is on of the most well-known big-bet players. The record of one of the biggest Baccarat wins in Las Vegas casino belongs to him. Australian multimillionaire and media magnate, Kerry Packer added his glorious name to history of the biggest wins right after in 1997 he had won more that $20 million dollars in on of the largest gambling houses in Las Vegas – MGM Grand.

    His losses were just as impressive as his wins. Some time later – in 1999, the same Kerry Packer played Blackjack in on of London casinos, and betted 250,000 pounds per each deal. Kerry Packer let himself to lose $28 million dollars, then quitted playing, forever entering the history of Great Britain.


    The most big jackpot won in Excalibur casino in Las Vegas in March 2003 totalled really titanic $39,7 million dollars! This time a 25 years old engineer from Los Angeles got lucky, who had a starting bet of just $100 and left the casino as a multimillionaire. Now the casino pays him $1,5 million annually within 26 years.

    As for big wins in the global web, there are some impressive records also. Thus, the most significant win was registered in 2008 in slot machine “Mega Moolah”, which paid cumulative jackpot of 6 million euro in on internet casino from Microgaming company. Mega Moolah is modern video slot with bets starting from 50 cents, where the opportunity to win multimillion jackpot is given to very player, not depending on a bet.

    http://www.totalcash.net/biggest-casino-wins-in-history.html
     
    #34     Sep 5, 2012
  5. Source: Morgan & Morgan, P.A.
    Date: February 10, 2011 07:00 ET
    Morgan Business Trial Group Files Class Action Lawsuit Against Nation's Largest Forex Dealer -- FXCM
    Federal Court Claim Alleges Fraud and Racketeering by Forex Capital Markets, LLC
    ORLANDO, Fla., Feb. 10, 2011 (GLOBE NEWSWIRE) -- The Business Trial Group of Morgan & Morgan, P.A. filed a class action lawsuit today against Forex Capital Markets, LLC (FXCM) (NYSE:FXCM) alleging fraud and racketeering by the nation's largest Forex dealer.

    The lawsuit, filed in the United States District Court for the Southern District of New York (Manhattan Division), alleges that FXCM has bilked thousands of customers out of hundreds of millions of dollars using deceptive and unfair trade practices, including falsely portraying its Forex trading platform as a fair, transparent and true foreign currency exchange, when instead it is a "rigged game" designed to systematically separate customers from their money.

    The Plaintiff, William H. Sanders, of Muscogee, Oklahoma, brought the action on behalf of himself and all other similarly situated FXCM customers, accusing FXCM of fraud by misrepresenting itself as a trading platform that is free from dealer intervention or manipulation. Instead, Sanders alleges, FXCM uses a number of devices and tricks, including software applications, designed specifically to interfere with customers' trades.

    The Complaint further alleges that FXCM engaged in a pattern of racketeering activity by collaborating with its software developers and programmers to develop a "diabolical" software application that provides FXCM with a myriad of tools and system commands with which to interfere with customers' trades, including routing trades to "slow" servers and sending false "error" messages when customers attempt to close out profitable trades.

    Finally, Sanders alleges in the Complaint that FXCM lured thousands of customers to its trading platform by promoting a "demo account" which was touted as providing customers with a true market trading experience. Instead, he claims, once "live" trading commences, FXCM deploys specially designed software to manipulate customers' trades.

    Lead Trial Counsel Tucker H. Byrd, of the Morgan & Morgan Business Trial Group of Orlando, Florida, stated, "We are proud to be representing Mr. Sanders in this action, which we believe will be an important step in bolstering accountability in an industry that has been largely unregulated since inception. We believe, as the Complaint alleges, that Forex Capital Markets, LLC has taken advantage of the trust placed in it by its customers, causing substantial financial harm to this group of people, and we are committed to working to recover those losses."

    FXCM is the nation's largest Forex Dealer Merchant. The company recently went public and trades on the New York Stock Exchange.

    CONTACT: Tucker H. Byrd
    407-244-9494
    tbyrd@businesstrialgroup.com


    ...................................


    pure bucket shop.
     
    #35     Sep 5, 2012
  6. ssss

    ssss

    FXCM is not pure agent of principal ( provide platform ,connection
    and take broker and margin fees without trading against client's)
    or agent of miltiple's principal's

    More as 90 % of all broker's are not pure agent's

    -----------------

    Broker trading against interess of clients ...as casino

    Monte Carlo Roullete with Partage or Prisoner rule give casino advantage only 1.35%

    50.675% against gambler 49.325 %

    Advantage of Forex broker ,which traded against clients is with
    high chance more ...
    -------
    All winner of FXCM with high chance knew that and used only small capital

    by 8 best results for history of FXCM 41 month contest's
    first top result started only with 1296 $ and made 12700 % per month
    2-7 started with capital smaller as 1 ,smaller as 1000 $
    2,4,5,6 with capital between 500-550 $
    onlly 8-thtop result performer started contest month with
    some 13000 $
     
    #36     Sep 5, 2012
  7. ssss

    ssss

    #37     Sep 5, 2012
  8. ssss

    ssss

    NEW YORK | Wed Sep 5, 2012 9:52pm BST
    (Reuters) - A fourth London-based JPMorgan Chase trader is under scrutiny in the investigation by U.S. authorities into the bank's nearly $6 billion (3 billion pounds) trading loss, according to sources familiar with the situation.

    Julien Grout, a trader who joined JPMorgan Chase (JPM.N) in 2009, is drawing attention because he worked in the bank's Chief Investment Office and reported to Bruno Iksil, the French credit trader who is a central figure in the federal probe, said the two sources.

    U.S. authorities are trying to determine whether traders in the bank's London office, including Iksil, took steps to try and hide some of the losses the bank was incurring on a series of complex derivatives trades. In the trading community in London, Iksil became known as the London Whale because of the large positions he and his colleagues were taking on.

    Grout is still working for JPMorgan, according to a bank spokeswoman. He has declined to comment, she said.

    He has retained a lawyer in connection with the investigation, the sources said.

    Grout, who is also French, is at least the seventh current or former JPMorgan employee to retain outside counsel in connection with the probe.

    The JPMorgan spokeswoman declined to comment further on the matter. The spokeswoman agreed to pass on a request for comment to Grout's lawyer but the lawyer did not respond to the request.

    Grout worked for Iksil during the time the bank's Chief Investment Office was taking on increasingly large positions in an illiquid credit market, including an index that tracks derivatives tied to corporate defaults.

    For a good while, the trades were profitable for the bank. But early this year, Iksil and the other traders then found themselves squeezed by hedge funds on the opposite sides of the trades when the market turned on JPMorgan.

    After JPMorgan's positions became public, the bank unwound the trades and reported a loss of at least $5.8 billion.

    An ongoing internal investigation has revealed that individuals inside the bank may have deliberately tried to cover up the size of the losses by mismarking the values of the trading positions.

    Federal investigators, including prosecutors in New York and the U.S. Securities and Exchange Commission, are now examining the matter to try to determine whether anyone involved committed a crime. Both internal and external investigators are reviewing emails and other records and interviewing current and former employees to try to piece together the events surrounding the losses.

    Representatives for the Federal Bureau of Investigation and the Manhattan U.S. Attorney's Office declined to comment. The SEC did not immediately respond to a request for comment.

    Iksil was fired from the bank in July along with two superiors, Javier Martin-Artajo and Achilles Macris, after JPMorgan's internal inquiry found evidence the traders attempted to hide some of the losses.

    http://uk.reuters.com/article/2012/09/05/uk-jpmorgan-whale-trader-idUKBRE8841EN20120905


    Julien Grout a 34 ans selon son profil sur le réseau social Copains d'avant, il est diplômé de l'Ensae (école nationale de la statistique et de l'administration économique) en 2002. L'homme, recruté en 2009 par JP Morgan et toujours salarié de la banque, travaillait sous la responsabilité de Bruno Iksil, le trader français soupçonné d'être à l'origine du fiasco financier et surnommé «la baleine de Londres». Julien Grout a refusé de commenter ces informations, a déclaré une porte-parole de la banque. Il s'est adjoint les services d'un avocat après l'ouverture de l'enquête, ont dit les sources de Reuters.

    Dans ce département CIO («Chief Investment Office»), qui dispose de 1100 milliards de dollars de liquidités pour investir, des traders - au moins sept - ont accumulé des prises de positions démesurées (100 milliards) sur des produits dérivés complexes et risqués.

    http://www.lefigaro.fr/societes/201...is-vise-dans-la-perte-geante-de-jp-morgan.php
     
    #38     Sep 6, 2012
  9. Jason Rogers

    Jason Rogers ET Sponsor

    Hi Eurotrasher,

    That case was dismissed in November of 2011.

    Jason
     
    #39     Sep 6, 2012
  10. ssss

    ssss

    #40     Sep 6, 2012