Hi
I too have just put money into paco oil and gas. How do you know it is a scam?
Steven
Before investing you should rule out that at no time could it be.
If there is a chance it could be a scam then simply dont invest.
Check out this link.
http://www.trade2win.com/boards/brokerages/14154-boiler-room-scams-80.html
The acide test as to whether it was a scam is 'where you cold called about investing'. If yes, then 99% it's a scam. Plus, did you sent money either abroad or to a company's name that wasn't the same as the 'broker' that called you. For example, a 'broker' called 'Cambridge Capital' called but money was paid to 'Abc Ventures' or 'Whiting Escrow'.
I was asked to put the money direct into Paco Oil and Gas account. It was that that made me think it was legitimate. The company I dealt with is
www.finacialinvestmentsolutions.com
Ste
i was told the same if you look at your documentaion there is a routing number , as soom as it hits wells fargo /paco oil it is routed to another account. lots of peopleare losing money day , The investment company that sacmed me is in zurich . i have rang paco office and this young girl answers the phone , i have traced the phone numbers on my documentation and it sure is not wells fargo. i am hoping that they will be shut down one day. i have reported this to the police dealing with boiler room scams .
Investors Management [email protected]
this is the company that scamed me , they have load of agents . my sahare certificate has rule 144 which means they are worth next to nothing . all my calls have stopped coming , my sahre are due to be sold in the next 6 week as i was told the bank wants to buy them .lol
i was told the same if you look at your documentaion there is a routing number , as soom as it hits wells fargo /paco oil it is routed to another account. lots of peopleare losing money day , The investment company that sacmed me is in zurich . i have rang paco office and this young girl answers the phone , i have traced the phone numbers on my documentation and it sure is not wells fargo. i am hoping that they will be shut down one day. i have reported this to the police dealing with boiler room scams .
Investors Management [email protected]
this is the company that scamed me , they have load of agents . my sahare certificate has rule 144 which means they are worth next to nothing . all my calls have stopped coming , my sahre are due to be sold in the next 6 week as i was told the bank wants to buy them .lol
Fidelity Capital scam part 2
April 15th, 2008
The scammers were back this week, this time when I inquired into their association with Fidelity Investment they claimed I had mis-heard them and they actually worked for Fidelity Capital. This time they were pushing a Nasdaq listed company called Paco Oil & Gas Inc - They went through the usual speel explaining how they were going to get me the shares at a 15% discount to the market price (too good to be true? thats because it isn’t true methinks) before sending me the usual paper-work in the post from Paco Oil & Gas (again no mention of Fidelity on any of the paper-work). What do I have to do to take advantage of this amazing offer? thats right just wire 1000’s of my hard earned cash to a bunch of strangers who I have only ever talked to on the phone - I declined their offer
i was told the same if you look at your documentaion there is a routing number , as soom as it hits wells fargo /paco oil it is routed to another account. lots of peopleare losing money day , The investment company that sacmed me is in zurich . i have rang paco office and this young girl answers the phone , i have traced the phone numbers on my documentation and it sure is not wells fargo. i am hoping that they will be shut down one day. i have reported this to the police dealing with boiler room scams .
you were told about a routing number,did you see it for yourself.All financial Institutes in the U.S. are allocated routing numbers to speed up the system.Learn to spell and get your facts correct before making a fool of yourself.
Would you walk in to a public house and aproach a group of people talking then comment on the way they speak or spell, then insult them.
How about an introduction, this site offers the ability to do this before spouting off about people's spelling and then insulting them by calling them a fool.
The first step you could take would be to fill out your profile so we at least know hoo we are talking to, then maybe introduce yourself. Do you really want everyone on this forum to judge you by your first post? Surely your worth more than this? If you dont care and this is just another chat forum then take your worthless comments elsewhere.
This is a great forum where new and experienced traders (or wannabe's) gather to share knowledge and gain or share information and also where we can disagree if the need arises with being adult and understanding that we all have different views without the need to butt in with insults.
Welcome to trade2win.
no i would not walk into a public house and comment on the way people speak,neither would i go onto a forum and make accusations without verifing my information.and fool that you are you have not addressed the ABA routing
no i would not walk into a public house and comment on the way people speak,neither would i go onto a forum and make accusations without verifing my information.and fool that you are you have not addressed the ABA routing
A friend of mine recently got involved with Paco Oil and Gas on the strength of a "tip" given to him by someone with zero investment experience. Luckily for him, I alerted him to the possibility that this wasn't kosher. Spelling mistakes on the share certificate and no trading in its shares even though the Dow Jones was in mid-session kinda made it obvious.
If brains were dynamite then whoever gave him this tip couldn't blow the wax out of their ears. Well at least he's learned his lesson and won't have any more financial dealings with this person.
thank you
At 17:44 on March 11 2008, paconono said:
be aware of the scam re Restricted Shares, Rule 144 , Regulation D and Regulation S shares.
If cold called by anyone - hang up, especially Investors Management Services of Zurich promoting Paco oil ang Gas, American Alternative Energy Systems or Wildwood Management Corp.
Also look out for Steinberg Research Services.....almost guaranteed Boiler Rooms
HI,
Can you give me info about Wildwood Management Corp.? Is it a scam/bolier room?