Scam City: The unlicensed 'forex trader' who lost £3.8 million

In his four-part series, journalist Mobeen Azhar finds out how investors lost millions of pounds after getting caught up in forex - foreign exchange - schemes.

In Scam City: Money, Mayhem and Maseratis, Mobeen discovers: investors were added to WhatsApp groups managed by unlicensed and unregulated so-called traders; allegations of investors being told that they couldn't withdraw their cash; and investors - after losing everything - realising that their investments, made through a firm called Infinox registered in the Bahamas, were not subject to UK regulation or the control of the Financial Conduct Authority (FCA).

To many, he was simply handing out money to strangers because he'd made it big in the world of online trading and he wanted to give something back.

But Gurvin wasn't talking. He'd already left Plymouth and his social media profile had been deleted. He'd vanished and it soon became clear the cash handout had been part of a carefully-curated stream of online promotion.

Leave a Comment