Boiler Room Scams

[I-Hate_boiler_rooms]

Spot on pboyles. The banks in most countries do have a duty of care to there clients. Appproaching the bank with as much information as possible is the best idea and then contact the local police organisation.I know of many success stories where the client of a scam has retreived there money, by going tothe bank directly.!! Goodluck

Dear All,

google for Mareva letter and read carefully. Banks have an obligation to care not only for their own customers if they get knowledge of fraud!

One sample of what was found:
http://www.mondaq.com/canada/x/13224...ctims+Of+Fraud

I urge everybody to read it. Essentially what it says is that whereas historically banks saw their duty of care was exclusively to their customers (i.e. account holders)it is now being accepted by the judiciary that banks have an equal duty of care to third parties (i.e. non-customers)that are either defrauded or potentially defrauded by a bank's customer. The first sentence of this article expresses this very well:

"Recent Canadian judicial decisions have established that a bank owes a duty of care to non-customers once it has actual knowledge of, or is willfully blind to, the use of its services for fraudulent purposes. In Ontario in particular, the possibility is still open that a bank may owe such a duty even where it does not have actual knowledge (or is not willfully blind or reckless to the existence) of a fraud".

It is indisputable that boiler rooms could not operate without bank accounts and thus it is clear that such fraud could be stopped almost overnight if banks took more care in checking out prospective new account applicants. And that is the key: If a bank fails to carry out proper checks and this failure results in non-customers being defrauded then the bank has failed in its duty of care to these non-customers and so has to accept some if not all responsibility for their losses.

I would encourage all boiler room victims to at least communicate with the boiler room's bank by writing a "Mareva Letter". The article clearly describes what the letter should contain. The paperwork from the boiler room will always do the job as it ties the boiler room to the bank by naming the collecting agent (the beneficiary) who is of course a customer of the bank (i.e. an account holder). There is no way that a bank can dodge this and once it has received such a letter it has to do something. The point to seize on is the bank's vetting procedures for new account applicants. Certainly from what I have seen the typical boiler room's collecting agent should never have passed the first hurdle given today's strict anti-money laundering regulations.

Regards and good luck
JSmile

 

[AnotherVictim]

Definitely worth a try then. If the banks have started to cooperate on these issues then the boiler rooms will be hit hard. Won't be a day too soon.

I assume you were able to do this without incurring any further costs.

Well, you see, I was a bit nervous (time was running out since my transfer was getting old and the bank account cold) and since I was stupid enough to invest a lot of money (over 50k EUR, yeah, I'm that stupid, go figure!) so I used any force available (complaint at police (needed for bank anyways), money recall via bank and specialist Fraudnet lawyer who informed bank and money laundry agency -- but you can do/try this yourself..). So, my bank took 20,- EUR per recall (3x in my case and there was some "foreign allowance", but not that much anyways). Lawyer cost me around 1.5k EUR. But, since I got back all my money that's fine. (And I see this as "apprentice's due".)

But I know from one who called the receiving bank, told them his story and got back the money after around six weeks IIRC. (Yeah, no money recall via bank, and it worked!)

So, AFAIK from my experience and other personal known victims money recall alone should work in most cases, especially if the transfers isn't that old.

However, the bad guys will call you, forget anything they say, do not sign anything they send. Best is to not answer their calls or emails.

 

[F-Y-3x]

Beware of anyone trying to flog "Nazca Mining" - yes you are thinking "Chariot of the Gods" and this wonderful gold mining opportunity is just as likely to be true.
It is sad really as these third world near basket case economies like Peru, need all the investment they can get.

Some poor devil, over on the motley fool web site, has already been scammed so the scam has been going for a month or two by now.

Hi,
it will be very kindly, if you will publish here, who is the caller for this "Nazca Mining" - scam and the their web-adresses. And perfect will be, if you know the beneficiary ( that holding behind) and the account.
Thank you

 

[F-Y-3x]

http://www.nazcamining.com, fraud- alert, scam,
they really can change one time their "out-fit", it is everytime the same .

 

[bonnieboo]

Priority Venture Management ,

I reported them a few years ago when they purported to operate from Houston. I notified SEC and Houston Police, but they still operate undeterred.

This week I have been contacted by the scammers
Glendale Management
Litmus management Group
DC Financial
all wanting share certificate and identification etc

Bye the way does anyone know anything about ATI Petroleum who seem to have dissapeared from the web, although still quoted on Euronext ?

 

[johnbeware]

I was contacted by Green world services, they knew what shares I had on the UK market. They wanted me to buy carbon credits in a company called cts (carbon trace services ) The broker was very pushy. I agreed to have the paper work send to me for me to look at. When i got it I decided it was not for me. He kept calling me telling me that i had bought the credits and had to pay for them. He said i would have to go to court and that all my bank accounts would be seized, while he put me on a black list. I don't know what to do. I haven't signed anything. Can they do that to me. I wish i never answered the phone to him.

 

[pboyles]

I was contacted by Green world services, they knew what shares I had on the UK market. They wanted me to buy carbon credits in a company called cts (carbon trace services ) The broker was very pushy. I agreed to have the paper work send to me for me to look at. When i got it I decided it was not for me. He kept calling me telling me that i had bought the credits and had to pay for them. He said i would have to go to court and that all my bank accounts would be seized, while he put me on a black list. I don't know what to do. I haven't signed anything. Can they do that to me. I wish i never answered the phone to him.

They are not going to do anything. These are criminals operating a fraud, they're hardly going to take you to court. This is absolutely typical of this type of fraud, they will try anything to steal your money from you. Under no circumstances give them anything, they will steal it and hound you for years to take all your money off you.

Report this to Operation Archway at City of London Police, they deal with this type of fraud.

 

[pboyles]

They are not going to do anything. These are criminals operating a fraud, they're hardly going to take you to court. This is absolutely typical of this type of fraud, they will try anything to steal your money from you. Under no circumstances give them anything, they will steal it and hound you for years to take all your money off you.

Report this to Operation Archway at City of London Police, they deal with this type of fraud.

Here's an example of what could happen if you listen to these crooks.

http://www.dailyrecord.co.uk/news/r...50k-to-boiler-room-fraudsters-78057-20351948/

 

[bonnieboo]

I haven't signed anything.

You have not signed anything, so there is nothing to be afraid of. They are trying scare tactics, using idle threats.

If you have enough energy you could complain to the FSA or SEC, or both as appropriate, or just forget them alltogether. Unfortunately they may pass you name to other scammers, and as a result you may receive more phone calls from different companies, next week, next month or even a year later.

 

[anley]

I was contacted by Green world services, they knew what shares I had on the UK market. They wanted me to buy carbon credits in a company called cts (carbon trace services ) The broker was very pushy. I agreed to have the paper work send to me for me to look at. When i got it I decided it was not for me. He kept calling me telling me that i had bought the credits and had to pay for them. He said i would have to go to court and that all my bank accounts would be seized, while he put me on a black list. I don't know what to do. I haven't signed anything. Can they do that to me. I wish i never answered the phone to him.

John

Please get a grip and stop being such a naive pussy.

You are an idiot for not realising you're being setup.

You're an idiot for even thinking about trading in carbon credits because there's a 99.9% chance you know NOTHING about them or the market. So why are you even thinking of getting involved in something you know nothing about? Talk about a fool and his money are easily parted.

So like I said, get a grip. First realise you're an idiot and should go NOWHERE near investments. Second, realise you're talking to a bunch of scammers and thieves you are using threats to try to steal your money. Third, use common sense, do you really think they're going to sue you, freeze your bank accounts and then put you on a 'blacklist' (do you really think there is such a thing).

Yes, I being rude to you but for a reason because your money really needs protecting otherwise you're going to be such a juicy target for the scammers. So please man-up, stop acting and behaving like a eunuch and start showing your balls.

Next time they call, tell them a) to **** off, b) you know they're scammers and c) if they wish to sue or 'freeze your bank accounts' then try it because you know they're 100% hollow threats.

 

[F-Y-3x]

I was contacted by Green world services, they knew what shares I had on the UK market. They wanted me to buy carbon credits in a company called cts (carbon trace services ) The broker was very pushy. I agreed to have the paper work send to me for me to look at. When i got it I decided it was not for me. He kept calling me telling me that i had bought the credits and had to pay for them. He said i would have to go to court and that all my bank accounts would be seized, while he put me on a black list. I don't know what to do. I haven't signed anything. Can they do that to me. I wish i never answered the phone to him.

Hi, don't do anything. Don't talk even with them. They will tell you, that their legal office will bring you in trouble..........., they dont have any legal office. How a company can have a legal office, when even they doesn't exist. They will send you mails from the legal office- it is a fake , too. Don't worry .
But how they know, which shares you've got on the UK-market. You are sure, that your shares are real onces? How did you buy them? You still keep them or you sell them allready?

 

[pboyles]

But how they know, which shares you've got on the UK-market. You are sure, that your shares are real onces? How did you buy them? You still keep them or you sell them allready?

They got his details from the share register, its common practice for them to buy registers and then contact people. That's how they know what shares he owns.

 

[F-Y-3x]

Johnbeware, please publish here their webpages, that we can check the details. It is important that you do this.

 

[tjchelsea]

I too have been contacted regarding NAZCA Mining. Ba**ardsmust have me on a mugs list !!

Chris Flynn from Gold asset Managers located in Brussels apparently.........

http://www.goldsassetmanagers.com/

 

[pboyles]

I too have been contacted regarding NAZCA Mining. Ba**ardsmust have me on a mugs list !!

Chris Flynn from Gold asset Managers located in Brussels apparently.........

http://www.goldsassetmanagers.com/

I'm sure they're not in Brussels, IP address seems to be traced back to Spain, home of the boiler rooms.

 

[pboyles]

I see Nazca Mining are getting a bit of coverage in the press, seems its a scam thats been running a while

http://www.guardian.co.uk/money/2011/jun/24/boiler-room-shares-scams

 

[sqawky123]

I was contacted by Green world services, they knew what shares I had on the UK market. They wanted me to buy carbon credits in a company called cts (carbon trace services ) The broker was very pushy. I agreed to have the paper work send to me for me to look at. When i got it I decided it was not for me. He kept calling me telling me that i had bought the credits and had to pay for them. He said i would have to go to court and that all my bank accounts would be seized, while he put me on a black list. I don't know what to do. I haven't signed anything. Can they do that to me. I wish i never answered the phone to him.

John, I have to agree with the rest of the replies. They can't do anything to you. They are totally illegal. Be a man. When they call, get their details, get as much information about them, names, numbers, company names, web addresses agents passports. And if yo0u don't want to talk to them anymore, tell them you will go to the police. They will run for sure. Post their details here. We can't check anything out without details. We don't know if they are a janitorial company or Green World Solutions, a well known scam with many boiler rooms.

At least you never sent them any money. I give you credit for asking questions here first.

 

[anley]

At least you never sent them any money. I give you credit for asking questions here first.

That's true John, at least you had the brains to think something might be up and come here. Well done for that.

I'm only being nasty to you to try and help. You MUST realise it's a bad bad world out there especially when it comes to investments. The people who called you were no doubt charming (at first) but it was all lies. I however am nasty to you but speak the truth and am not about stealing your cash. See the difference?

Good luck anyway with them, and you MUST HOLD FIRM. Their threats are 100% toothless, scammers and thieves don't sue.

 

[anley]

I too have been contacted regarding NAZCA Mining. Ba**ardsmust have me on a mugs list !!

Chris Flynn from Gold asset Managers located in Brussels apparently.........

http://www.goldsassetmanagers.com/

You're right.

Golds Asset Managers are 100% scam. Website first registered 3 months ago yet I bet the company tells people it's been around for years.

Steer clear from these types of people everyone, they're full of lies and basically just lowlife scamming scum.

 

[anley]

Careful of these land banking scammers/

Option Four Group Limited

Option Land UK Limited

Basically they're selling worthless plots of land for £25k each that you'll be 'able' to get planning permission on. yeah, sure you will.

Pay money to these kinds of companies and all you'll get is a plot of land worth probably no more than £500 and it will NEVER get planning permission.

PLEASE START TO THINK EVERYONE AND NEVER TRUST A COMPANY THAT CALLS YOU OFFERING EASY MONEY.