Instagram Trader SCAMS 1000 Investors:-
*Gurvin Singh is believed to have contacted hundreads of people on social media in the summer of 2019 claiming he was FCA - regiestered forex trader.
*Alleged victims claim there were five whatsapp groups of 250 investors each ,
which means there could be as many as 125o people invlolved.
*Investors say they saw thousands of dollars for the first few months.
*But when profits started to dip , they say MR. singh made excuses about Brexit and avoided the questions about the withdrwaing funds .
*Between december 24 and 26 they say all their money had gone and they could no longer contact him.
*He deleted his Instagram Page and was added to the FCA warning list of unauthorised traders on december 31.
* Hundreds have now reported him to action fraud.
They say he claimed to use an FCA - regulated broker called Infinox .
Alleged victims says they were led to belive their trades were being managed by the FCA authorised Infinox based in london.
It has since transpired their trades were being looked after by another firm called infinox registered int eh Bhahamas.
Me. Singh has not responded to Mailonline requests for commnets .
He previously said that investors had signed a power of attorney with the broker in the Bahamas , who carried out the trading on their behalf .
Mr. Singh who usded instagram name @GS_3 and @gstrades , was added to the financial Conduct Authority warning list of unauthorised foreign Exchange traders on December 31.
The financial Watch dogs warns :- "This frim is not authorised by us and is targeting people in uk.
Mr. Singh is currently being looked into by the national Fraud Intelligence Bureau after hundreads of victims reported him to action Fraud.
Mailonline has been in contact with dozens of young people who claims they signed up to GS2 trades .
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