Young FX Trader Goes to Town!

Discussion in 'Professional Trading' started by Maverick74, Mar 5, 2012.

  1. Dogfish

    Dogfish

    http://www.cityam.com/latest-news/exclusive-200000-bar-bill-trader-arrested-fsa-probe


    <b>EXCLUSIVE: Alex Hope, the £200,000 bar bill trader, arrested in FSA probe</B>

    Wednesday 4th April 2012, 8:37am
    James Waterson

    Alex Hope, the 23 year-old trader who hit the headlines after spending £125,000 on a single bottle of champagne, has been arrested on suspicion of being involved in an unauthorised foreign exchange trading scheme.

    Hope, who claims to be a self made foreign exchange trader, became infamous when he ran up a £125,000 bar bill in one evening at a Liverpool nightclub. Most of this was spent on a single 99lb bottle of champagne.

    The story subsequently became front page news after the receipt was leaked to the press.

    But yesterday the Financial Services Authority (FSA) said that it had arrested a man in east London "on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006."

    Hope's publicist last night confirmed that he had been arrested but said that he denies all allegations. The FSA confirmed no-one has been charged in connection with the investigation and that the arrest is not linked to any other investigations.

    His personal website describes him as a “a name to watch out for in the city” and “an expert in the UK economy” who regularly "trades millions".

    It calls him a “talented, charismatic and thoroughly likeable man” who rose from a humble background in South-East London to earn a six-figure basic salary.
     
    #31     Apr 4, 2012
  2. all that glitters is not gold....


    this is also why it's always a good reason to keep a low profile when you're doing something shady.....if he hadn't been so flashy no one probably would've ever noticed.....
     
    #32     Apr 4, 2012
  3. cornix

    cornix

    Ya, pretty stupid dude, if he really did something illegal, to party in such a shocking manner.
     
    #33     Apr 4, 2012
  4. AK100

    AK100

    MEMO: To all naive people interested in trading.

    If you want to keep away from the marketers and scammers, of which there are many in the financial markets, look for the simple clues.

    Anyone who writes puke inducing crap such as below is either a marketer or a scammer. Whatever the case they're going to work you over till your money becomes theirs......

    Failue to take this advice, failure to realise how dirty the game of trading is (involving courses/seminars and 'managed accounts') and your cash is at real risk.



     
    #34     Apr 4, 2012