Jess Parker CEO of this”supposed” investment firm, has a What’s App invitation for free trial for three months, in a group called “268-US Stock Investment, which if you choose to join after you commit to paying commission from between 1-6%.
Jess Parker through his assistant Ava Evans send out the stock pick and the range to buy order. You then send a screen shot of your filled order so she can document it. In the upcoming day or days they give you a message to sell and the price target. After a few wins of these small gainers 4-10% they invite you to the VIp trial where they get a commitment from you on how much you will invest, they ten give you the stock and price to submit your limit order on a specific day.
These VIP picks are on global exchanges and it would appear mostly Hong Kong.
A recent pick was on a HKD sticke symbol $WAN 8482, and to submit a limit order for $.082. This was before the Hong Kong market was open and checking the stock it was currently at &.104.
The next day they sent out a message to sell limit at .$094 and realize a profit of just under 11%. They are suggesting to members in the group to add funds to their accounts to realize 200-300% on the next upcoming pick which they will announce on Dec. 7, also on the HKD exchange.
I am curious as to what the actual scam is here as people are in their own accounts. This Jess Parker (whom is definitely a bot as his writing would indicate), gives a markets update every day on all the global markets and suggests to get out of US stocks and into Hong Kong investing. This last “buy” suggestion they bragged how together the group bought 82milllion shares and together the group is buying like a large investment firm, and that is how he can guarantee the profits. I am guessing he is either shorting the stock at the current price and buying back and the suggested purchase price, but I really don’t know what the scam is. All the communication is done through WhatsApp.
Anyone have experience or an opinion on this?
Thank you
Tom
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Wisdom Stock Learning group on WhatsApp via Facebook ad is a pump and dump SCAM! Stay AWAY!
EIF Business School is WhatsApp group via Facebook ad of a famouse trader is a SCAM!!! STAY AWAY!!
B-3 Frank Investment Team on WhatsApp group form Facebook Famous Trader ad is a SCAM! Stay away. They will make your money!
Fidelity Andrew 182 – via WhatsApp group is a SCAM. They lure you in vias famous trader ad from Facebook promissing 200% returns. It is nothing but Punp and Dump SCAM!! Stay away!
If you lost money on Red Sea or similar WhatsApp scams, you may want to join our victims group. You can do so by sending your name, email address, and telephone number to redseascam@googlegroups.com. We are exploring the possibility of a class action law suit.
I tried to join- I think class action is the way to go
They probably buy a lot themselves before it reaches peak and sell it all at the same time(leading to price drop), and then buy at lower price to cover their short selling which they did when you bought stock at a high price. Millions duped that way