'I trusted an Instagram forex trader – and watched my life savings disappear in real-time'

Gurvin Singh Dyal has a story that immediately draws you in. He came to people’s attention as the 20-year-old medical student who handed out free cash to strangers on the streets of Plymouth. Several online articles detailed how he turned £200 into £100,000 through “forex” trading – buying and selling currency, and making profits or losses depending on the value of the trade going up or down. His Instagram pictures confirmed this, by displaying his lavish lifestyle: one showed him leaning on a gold Maserati. I was 23 and working as an accountant for a fashion company when I came across Singh. I was still living at home with my parents; a good salary had allowed me to save up £17,000 but the long-term goal was to buy a place of my own. So when I saw that Singh was starting a new company called GS3 Trades, which he said would allow him to trade on behalf of anyone who invested via his scheme, potentially allowing others to make money off of his trading activity, it felt like a no-brainer. Just six months later, all £17,000 of my savings were gone. It is estimated that Singh duped over 1,000 other…
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