16-year old get-rich-quick online share tipster scam

[TheodoreK]

Original Article here

Gullible investors sent a total of £1.5m to an online share tipster who claimed he had a computer program that delivered total returns of more than 105pc, Newcastle Crown Court heard this week.

But the doublingstocks.com website was run by a 16-year-old schoolboy, Alexander Hunter, now 21, who lives with his parents at Whitley Bay, North Tyneside. They had no idea what he was getting up to online.

New technology; same old human nature. Like most get-rich-quick schemes, it only made one person rich; its promoter.

And here I thought share tipping was so last decade!

[robjones]

There's almost no limit to the stupidity quotient when it comes to shelling out cash in order to get rich. PT Barnum was right.