Sounds extremely dubious - cold calls always are. Unlikely that Bayer exist any more. What was the name of the company stock that he was sold? A search on that may also give you the indication that I fear will be correct. He has been duped by a Boiler Room outfit.
Bayer Invest
Suspect my father who had dealings with bayer has lost his entire life savings.
Companies in which he was sold shares (often restricted, not for sale in US etc) include:
St. James Capital Holdings Inc
Magellan Engery Ltd
Financial Media Group Inc
All Capital Services LLC
Evolution Global Capital Partners Inc
Saviour Energy Corp
Homeland Safety Internalional Inc
WIFI Wireless Inc
Nextgen Bioscience Inc
Xiiva Holdings Inc
China Voice Holdings Inc
Thanks
Suspect my father who had dealings with bayer has lost his entire life savings.
Companies in which he was sold shares (often restricted, not for sale in US etc) include:
St. James Capital Holdings Inc
Magellan Engery Ltd
Financial Media Group Inc
All Capital Services LLC
Evolution Global Capital Partners Inc
Saviour Energy Corp
Homeland Safety Internalional Inc
WIFI Wireless Inc
Nextgen Bioscience Inc
Xiiva Holdings Inc
China Voice Holdings Inc
Thanks
Hoggums
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Very familiar - you'd be best advised not to send any money as you'll never see it again. Ask them to take the fees out of the profits.
Bayer Investments
We have already requested they take the fees out of the profits.
I telephoned Bayer independently with a fictitious name, said I thought we had shares bought through them, could they sell them, could we meet to discuss. Over a week later they rang back saying that there were indeed share certificates registered in the fictitious name and suggested that if I could find the actual certificates I should sell them through my bank! I've suggested to my father he takes the actual certs to his bank and asks if they can sell them. I don't give much hope as many are restricted and within the 12 month limit.
Can you tell me names of the contacts at Bayer? Did they sell shares in the firms listed above?
I've reported them to FSA and hope to see their name appear on the firms operating abroad boiler room list. But I need to find more people who have been duped and encourage them to do the same.
Many thanks
We have already requested they take the fees out of the profits.
I telephoned Bayer independently with a fictitious name, said I thought we had shares bought through them, could they sell them, could we meet to discuss. Over a week later they rang back saying that there were indeed share certificates registered in the fictitious name and suggested that if I could find the actual certificates I should sell them through my bank! I've suggested to my father he takes the actual certs to his bank and asks if they can sell them. I don't give much hope as many are restricted and within the 12 month limit.
Can you tell me names of the contacts at Bayer? Did they sell shares in the firms listed above?
I've reported them to FSA and hope to see their name appear on the firms operating abroad boiler room list. But I need to find more people who have been duped and encourage them to do the same.
Many thanks
Bugger
, i'll mention that to my mate and when they next call, get them to suggest taking the cash out of the profits. Do you know how they could get the share certificates checked to make sure they were genuine and how they could be sold? :smart:
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Hi,
Has your father been to the bank yet and if so, how did he get on? By the way, what happens after the 12 months to restricted shares. As I said, it's a friend of mine who has invested and I would like to give them some good news and I am not sure how clued up they are in the restricted shares matter.
As for the firms listed above, when I called my mate they only recognised Saviour Energy Corp and Magellan Energy Ltd. I'll print off all the companies mentioned and get them to check. Forgot to ask who the dealer was, who did your dad deal with?
My mate has already called the FSA, I do not know if they complained but the FSA said to not to send any more money and to find someone else to sell them, which appears to be easier said than done. :-0
Hi,
Has your father been to the bank yet and if so, how did he get on? By the way, what happens after the 12 months to restricted shares. As I said, it's a friend of mine who has invested and I would like to give them some good news and I am not sure how clued up they are in the restricted shares matter.
As for the firms listed above, when I called my mate they only recognised Saviour Energy Corp and Magellan Energy Ltd. I'll print off all the companies mentioned and get them to check. Forgot to ask who the dealer was, who did your dad deal with?
My mate has already called the FSA, I do not know if they complained but the FSA said to not to send any more money and to find someone else to sell them, which appears to be easier said than done. :-0
I don't know if he's been to the bank yet, but will learn more on the weekend.
Reg S or restricted shares are practically worthless even after the 12 month restriction is lifted. Those shares traded legit on NASDAQ etc are preferred shares, i.e. they carry voting rights in a company while restricted ones do not . I know nothing about stocks and shares but am learning fast. Was your friend cold-called?
It appears that boiler rooms sell mainly Reg S shares in very small companies. I've googled all the above and although they all seem to exist are very small. One, I can't remember which, sounded big but in reality only had about two full-time members of staff. Another, the biogen one, stated in their annual report that if they didn't raise signinficant funding within the next few months would have to close down.
Bayer's webside actually states that they are not regulated by the FSA, but they're not regulated by CSSF (the Luxembourg equivalent) either. It's unlikely your friend will get any money back - I hope their investment was not too large (Dad has lost over £60K).
Further investigations revealed that all the monies were paid to various escrow agents in California mainly around Long Beach, Marina del Rey and Santa Monica (suburbs of Los Angeles) and San Francisco. Interestingly, if you check on www.whosedomaine, Bayer's website was sold to them from a company in Long Beach. Did your friend also pay their money to the USA?
Robert Green is the main chap at Bayer that Dad dealt with. When he tried asking for his money back etc Green was extremely rude and threatening. My sister has also spoken with him and got a similar reception.
Not sure where to go from here!!!
Hi there,
Sorry for the delay in responding but I never got the email alert to say you had replied and it’s only when I thought I’d check this website directly that I found your message. Also, a cause for delay and as you will see a lack of information is that my mates father died over the weekend, it wasn’t unexpected per say, but was a lot more sudden than anticipated. Indeed, his sister is in bits as she didn’t arrive (she lives abroad) until Monday.
Anyway, on to Bayer etc. Due to the aforementioned circumstances, I have not yet gotten a full list of companies he invested in, but I did find out he dealt with a Mohammed, who after looking up the name appears to be on the FSA banned list, I swear things seem to get worse the more I investigate.
As for money invested, he was around the 25K mark but (and things are a bit vague here) talking to his missus I believe he deferred a number of bills as he expected a quick turn around on his money and now the bills are due to be paid. He was cold called but after looking up Bayer he seemed convinced they were genuine, something about them being established for 15-20 years. I mentioned where he paid the money to and he said that he sent it directly to Bayer, but I did not push it any further as his mind was elsewhere.
Apparently he spoke to them sometime last week and asked if they would take payment out of the profits and they basically told that’s not how things work in business, they also confirmed that they where based in Luxemburg
I googled the two companies I mentioned and they both seem to exist and are on the stock exchange, Saviour seems to be doing rather well but as you stated, appearances are deceptive.
How did things go at the bank? About restricted shares, why are they still worthless after this 12 month restriction thing and is there a time when they become ‘normal shares’ as it were? I am desperately trying to find something good to tell my mate at the moment even, if it’s short term, and any hope that his shares might be worth something would be excellent. I have tried looking into this myself but I am having trouble following all of it, there seems to be pages and pages of stuff to go through!
I do not know where to go from here either, I was hoping the bank may have provided some answers and have advised him to make an appointment with his bank manager as well, but at the moment he is obviously distracted. I’ll check back more often in future and keep you undated with any developments.
Bayer Investments
Called by Bayer (UK freephone # but based in Luxembourg) touting restricted share in Savior Energy (svio). Very dubious, selling shares at $5 that are worth $6, commission on profits not purchase. The company they used for holding shares (Stauber) does not have a website and no phone to ensure stockholders do not call them. Hang up the phone if they call!
Called by Bayer (UK freephone # but based in Luxembourg) touting restricted share in Savior Energy (svio). Very dubious, selling shares at $5 that are worth $6, commission on profits not purchase. The company they used for holding shares (Stauber) does not have a website and no phone to ensure stockholders do not call them. Hang up the phone if they call!
Ascot Management group- another boiler room?
I have just been called out of the blue by Andy Williams from AMG; the phone is a Swiss number. They take 1% commission from realised profits. I said my minimum purchase is £10000 and, lo and behold, that happens to be their minimum trade amount. I am due to hear about some exciting opportunities soon. Has anyone out there heard of them or had dealings with them? I am suspicious about unsolicited calls from overseas offering to make me rich. Am i being too cynical?
I have just been called out of the blue by Andy Williams from AMG; the phone is a Swiss number. They take 1% commission from realised profits. I said my minimum purchase is £10000 and, lo and behold, that happens to be their minimum trade amount. I am due to hear about some exciting opportunities soon. Has anyone out there heard of them or had dealings with them? I am suspicious about unsolicited calls from overseas offering to make me rich. Am i being too cynical?
Steer well clear of them. I suspect they are a boiler room, certainly sounds like one - exactly same MO as bayer. My advice would be NEVER buy anything where the seller has cold called you.
I would recommend checking them on the FSA web for foreign scammers targeting Britain - if they are not listed, it does not mean they are OK probably just not enough complaints yet. Have you tried googling them - are they a legit swiss firm - see if they are registered with the Swiss equivalent of FSA? Good news is you haven't lost any money yet!!!
Hi, Stauber is an escrow company based in Los Angeles (near Marina del Rey I think). I did find a website eventually by Googling them. I can't remember Stauber's forenames but I searched on his whole name. I think it's a very small outfit and probably dubious. I also have a phone number for him, I don't keep it with me I'm afraid, but will try and remember to send on. DO NOT BUY anything from Bayer or any other overseas outfit is my advice.
I've never traded shares personally, but my feeling is that if ever I wanted to buy them I would go through my own UK bank or a reputable share broker local to me.
Thanks for your message.
QuoteThey were not on the FSA site this morning (Bayer are along with an earlier Luxem bourg caller, Empire Investments. I tried to google them bit ni trace - I would be amazed if they are legit and will certainly not trade with them. Many thanks
Sorry to hear about your friend's father. My Dad has not been to the bank yet - so no news there. I think getting your friend to go to the Bank is the best way forward. They can advise him for free about the worth of the certificates. Restricted or Reg S shares do not become 'normal' as far as I can tell. They are not common shares or preferred shares, but less desirable than those and so worthless. This is how boiler rooms make their money by selling worthless shares at the going rate for common shares. I've written to BBC Watchdog today and I'm hoping something will come of that.
I suggest you don't get your friend's hopes up - there is little chance of getting back that money.
Just a quick message to report a small development, my mate has spoken to the bank and he is seeing someone on Saturday. As far as I know he is sticking everything that he has recieved in a box and taking it all with him for this person to look at. Not sure who he is seeing and if he will get an answer that day or later in the week. Anyway, i'll keep you informed about what is happening and if any else turns up.
We also have become victims of this share scam
My husband was cold called by a well spoken young man calling himself Matthew Barclay, last June, who persuaded him to buy shares in China Voice Holdings Corp. He also was calling from Luxembourg, it seems too much a coincidence that Bayer Investments also seem to be based there! He said he worked for Pretige Asset Management, I believe their address is 18-20, Rue Eugene Ruppert, L-2453 Luxembourg.
Telephone number 00 352 20202412
The man calling himself Matthew ( I believe this was a fictitious name) had a colleague called Benedict Alexander.
These two guys ruthlessly cold called us giving false information and by their persuasion got my husband to buy 3 lots of shares in China Voice Holdings, on 3 different occasions. Shares in Xiivia and NextGen Bioscience. - it just seemd too much of a coincidence that these are the same companies your father, like my husband was conned into investing with! He had no idea that he was buying Regualation S Shares, they gave him the impression that he could resell them at any time!
The Commission de Survelliance du Secteur Financier in Luxembourg warned the public of the activities of Prestige Asset Management on 5th February 2008. I`m afraid we didn`t pick this up until recently but it appears the 2 thieves mentioned above have flown the nest and when phoned there is just a reply " the other person has hung up".
The money for the purchase of shares with China Voice Holdings Corp was paid into a bank account called Equinox 1, 1000057968090 Sun Trust Bank, 6218 U.S. Hwy 19 New Port Richey Florida 34652. This is also too much of a coincidence as this is where the Gunters live and I believe that they are signatories for this account! All their assets are frozen and their accounts are under police investigation.
You must have also realised that trading of Xiivia was frozen in December and the courts have frozen the assets of the directors of this sham company and ordered them to account for and repatriate investor funds, and appointed a temporary receiver for various companies controlled by the them.
As far as NextGen BioScience, they seem to be a fairly reputable company- you can speak to their lawyer on 0207 2478186 - U.K. number!
There is a lot more I could add to all this but I believe the police will track these criminals down.
I too have contacted the FEC and the SEC as well as the Fraud Dept of London police at Operation Archway!
It is good to get heads together over this as we can put the jigsaw together and get a better picture of how to tackle this.
I feel really sorry for your father, he really needs to be supported. My husband feels bad also that he has been so gullible and stupid but money isn`t everything and our love and support of each other counts for far more.
I will tell you more of my investigations into this another time as I think I`ve written enough for you to take in already.
Take care and tell your Dad that we can all be taken in by evil people! and anyone who hasn`t made a mistake in life probably hasn`t made anything.
We will endevour to track these crooks down but 2 heads are better the 1!
Thanks for what you have done to start this link! Ceri
My husband was cold called by a well spoken young man calling himself Matthew Barclay, last June, who persuaded him to buy shares in China Voice Holdings Corp. He also was calling from Luxembourg, it seems too much a coincidence that Bayer Investments also seem to be based there! He said he worked for Pretige Asset Management, I believe their address is 18-20, Rue Eugene Ruppert, L-2453 Luxembourg.
Telephone number 00 352 20202412
The man calling himself Matthew ( I believe this was a fictitious name) had a colleague called Benedict Alexander.
These two guys ruthlessly cold called us giving false information and by their persuasion got my husband to buy 3 lots of shares in China Voice Holdings, on 3 different occasions. Shares in Xiivia and NextGen Bioscience. - it just seemd too much of a coincidence that these are the same companies your father, like my husband was conned into investing with! He had no idea that he was buying Regualation S Shares, they gave him the impression that he could resell them at any time!
The Commission de Survelliance du Secteur Financier in Luxembourg warned the public of the activities of Prestige Asset Management on 5th February 2008. I`m afraid we didn`t pick this up until recently but it appears the 2 thieves mentioned above have flown the nest and when phoned there is just a reply " the other person has hung up".
The money for the purchase of shares with China Voice Holdings Corp was paid into a bank account called Equinox 1, 1000057968090 Sun Trust Bank, 6218 U.S. Hwy 19 New Port Richey Florida 34652. This is also too much of a coincidence as this is where the Gunters live and I believe that they are signatories for this account! All their assets are frozen and their accounts are under police investigation.
You must have also realised that trading of Xiivia was frozen in December and the courts have frozen the assets of the directors of this sham company and ordered them to account for and repatriate investor funds, and appointed a temporary receiver for various companies controlled by the them.
As far as NextGen BioScience, they seem to be a fairly reputable company- you can speak to their lawyer on 0207 2478186 - U.K. number!
There is a lot more I could add to all this but I believe the police will track these criminals down.
I too have contacted the FEC and the SEC as well as the Fraud Dept of London police at Operation Archway!
It is good to get heads together over this as we can put the jigsaw together and get a better picture of how to tackle this.
I feel really sorry for your father, he really needs to be supported. My husband feels bad also that he has been so gullible and stupid but money isn`t everything and our love and support of each other counts for far more.
I will tell you more of my investigations into this another time as I think I`ve written enough for you to take in already.
Take care and tell your Dad that we can all be taken in by evil people! and anyone who hasn`t made a mistake in life probably hasn`t made anything.
We will endevour to track these crooks down but 2 heads are better the 1!
Thanks for what you have done to start this link! Ceri
I have Ronald Stauber`s tel no
I have an address for Ronald J Stauber, who callls himself ¬Attorney at Law!
1880 Century Park Est,
Suite 300,
Los Angeles,
CA 90067
USA
Tel 001 310 556 0080
e mail - [email protected]
I have spoken to him on the phone!
I have an address for Ronald J Stauber, who callls himself ¬Attorney at Law!
1880 Century Park Est,
Suite 300,
Los Angeles,
CA 90067
USA
Tel 001 310 556 0080
e mail - [email protected]
I have spoken to him on the phone!