It sure is. He looks about 18 standing in front of his dad’s Audi. I can’t even deal with how pathetic these people are and that people fall for it
I'm gonna ask the FCA what their stance is on these accounts, this can't keep happening it's ridiculous.
What is the scam with all these trading accounts?
All the Geordie shore girls sell them as a way to get luxury holidays and handbags. Are they doing it just to hoover up the referral fees? Or is there more at play?
This article probably sums it up best:
https://www.theguardian.com/news/2018/apr/19/wolves-of-instagram-jordan-belmont-social-media-traders
It's a pyramid scheme that prays on people who don't know any better.
From the article:
"This is how it works. Oyefeso posts images of luxury goods he claims to have bought with his winnings. He gives the pictures hashtags such as #richkidsofinstagram and mass-follows young people online. One teenager told me he and his friends were drawn in by the sight of a young black man who grew up on a council estate similar to theirs, driving a Rolls-Royce. As soon as anyone follows Oyefeso back, he slides into their DMs with a message: “I’m offering a great opportunity to earn £100-400+ per week from trading, no experience required, all done from home and only requires 15-30 min per day.” If you’re young, poor and want to defy the odds against you, the next question is: where do I sign up?
What wolves like Oyefeso fail to declare is that each of the trading platforms you sign up to (with a minimum deposit of £250) pays him around £40-80 – and that recruitment, rather than betting on these predatory financial products, is the way he makes his risk-free money (Oyefeso maintains he’s making money from trading). Young people join the platforms, make a few trades and can lose anything between £250 and several thousand pounds, then realise they can make it back by repeating the trick: becoming a paid marketing affiliate masquerading as a successful trader. It looks like a vintage pyramid scheme, rebooted for the social media era using a model of e-marketing that has boomed over the last 20 years."