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Afroman

From flippin' Pans to the Big scams!

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article-2611680-1277DC92000005DC-597_306

A catering manager who posed as a City whizzkid to run a £5.6million Ponzi fraud spent £2million on champagne, nightclubs and casinos, a court heard yesterday.
 
Alex Hope, 25, told investors he could make them a fortune from foreign exchange trades.
But the ‘City high-flier’ was in reality a former catering manager at Wembley Stadium. 
He used the cash from investors as his ‘personal piggy-bank’, spending £125,000 on a single bottle of champagne – a Nebuchadnezzar, which holds 15 litres – Southwark Crown Court heard. 
 
He repaid them using cash from new investors in the fraudulent Forex scheme.
Hope frittered away almost £1million in casinos and racked up bar bills of £500,000 mixing with stars at exclusive nightclubs after he reinvented himself as a Forex trader. 
 
He boasted of his rags to riches story in the Daily Telegraph in May 2011, claiming he made his fortune after reading a book on how to trade currencies during his commute to Wembley.
Prosecutor Sarah Clarke said: ‘He promised investors and potential investors huge returns. In truth this was not a real trading scheme at all... it was a classic Ponzi fraud. He used their funds as his personal piggy-bank. A massive amount was spent on himself.’
article-2611680-1D4AD4D600000578-610_634
 
Hope got through £2million in the 13 months before his arrest in early 2012, she said.
‘The investors who put in the money in good faith had no idea this was happening.’
The jury heard that Hope paid a PR company £3,000 a month to promote his image as a successful trader.
He bragged about his financial wizardry, claiming he made £600 profit on his first day of trading the dollar against sterling and in only two and a half months his initial £500 stake had grown to £2,500.
 
 
More...
Fraudster who enjoyed champagne lifestyle and even gambled £170,000 in a single night after stealing £3.5million in elaborate mortgage scam is jailed
Frustrated judge calls her OWN sentence 'ludicrously low' as she jails mother who called £38,000 benefit fraud 'easy' for just five weeks... and gives her 67 YEARS to pay back the cash
Young mother claims mayor's son and wife duped her into letting them adopt her newborn despite divorcing weeks later and now wants the baby BACK
 
 
Jurors were played a showreel video of Hope in which he boasted of his success saying: ‘You don’t get many young people working in the City doing what I do. I like to do a lot for people – I’m not doing this just to make money for my business but also to create jobs for others.’
The film, produced by his cohort Raj Von Badlo, was uploaded on YouTube in February 2012 while Hope was trading losses of £500,000 and had liabilities of nearly £2million.
 

 

http://www.dailymail.co.uk/news/article-2611680/Fraudster-blew-2m-bubbly-nightclubs-casinos-Catering-manager-spent-125-000-one-bottle-used-stolen-cash-personal-piggy-back.html

 

he lived ....... 

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Will get a light sentence

Potter running scams now

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in austria people get max 2/3 years for this shit as long as they aint foreign

 

England I can see him getting stuck for 5-10

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in austria people get max 2/3 years for this sh*t as long as they aint foreign

 

England I can see him getting stuck for 5-10

 

Is there more to this post?

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only when you quote it

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only when you quote it

 

Great stuff, could I put in a request that you do this in every topic.

 

So for example in the Premier league title race thread you could perhaps post about the top league in Austria? Or maybe in the Eastenders thread you just post about the top soap in Austria?

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Pmsl mocking,

No one clocked the 1arda wide di pink ace nar

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article_2611680_1277_DC92000005_DC_597_3 say's it all really :keeporder:

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is this the same guy that had that mad receipt from popping the bottles and leaving a wedge tip?

pretty sure we had a thread about it.

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is this the same guy that had that mad receipt from popping the bottles and leaving a wedge tip?

pretty sure we had a thread about it.

 

Yeh was thinking the same thing

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You can tell he was eating good!

So he dont even have to pay it back?

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dem schemes deh

 

/

 

leveraging at its finest

 

/

 

i dunno why hes jailed and baited up for... city traders in canary wharf do this all the time day in day out

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yh why should he be jailed and 'baited' for running a multi million pound ponzi scheme 

 

:/

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yh why should he be jailed and 'baited' for running a multi million pound ponzi scheme 

 

:/

:/

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yh why should he be jailed and 'baited' for running a multi million pound ponzi scheme 

 

:/

:/

 

:/

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Just saw a news report on this guy all of it was just to fund a lifestyle.

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