Boiler Room Scams
- Thread starter Airthrey Capital
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Fisher Capital Management have really flooded the search engines with their crap. It goes on for about 10+ pages.
But this technique is great news because it offers a FOOLPROOF way of spotting a scam boiler room.
Just type its name into Google and if you get loads of different sites that mention the company and those sites all have basically crap on them (press releases, market commentary, nothing of value etc) then 100% you're talking to a scam boiler room. No ifs and buts on this one.
Ask yourself a question for example, does any legit financial firm operate have a reason to flood the search engines with totally useless links and pages?
Type in the name 'TD Waterhouse' a 100% legit broker. See the contrast to what Google serves up on the first 2-3 pages versus a nasty scam operation like Fisher Capital Management.
The company probably exists but if you were to get hold of a set of their accounts (I doubt they have any) then it would show you the company is probably worthless.
As for the 'coming float' on the Frankfurt exchange, that's not going to happen. I'm sorry to say that everything you were told by the broker that cold called you was a lie, and your money has been stolen.
I've heard about these crooks as well. I found that blog too recently and feel it is worth mentioning again as it's a very interesting read indeed
It may well exist but that means nothing. In the UK you can register a limited company for £14 and call it whatever you want. Just because something exists doesn't make it legit. The company is not listed on the Frankfurt stock exchange but again even if it was it doesn't make it legit. Google Spiriton Media Group to find a recent scam involving a company that was UK registered and listed in Frankfurt, despite looking legit at first glance it was all an elaborate scam and people lost millions.
The bottom line is that anyone who calls you about investments is trying to steal your money, no exceptions.
Deutsche Börse Group - Frankfurt Stock Exchange...
Amazon Gold Ventures Limited is not a UK registered company.
Fisher Capital and Amazon Gold Ventures both mentioned here.
TMF: Amazon Gold Ventures / A fool And His Money...
TMF: Amazon Gold Ventures / A fool And His Money...
Hi Anley, thanks for your efforts. I've forwarded your message on to James. I feel so awful for the poor bugger. I feel absolutely gutted. I mostly buy shares, and very seldom sell any. These shares are in Australian Banks (CBA and NAB), I drive past them every time I go to the city. They go up about 5% pa and issue a dividend of about 5% pa and they still make me nevous. I go to the gym for a rush. I take my hat off to you guys. If James' luck changes I'll let you know. Thanks again. mpa.
Type in 'Premier Partners scam' into Google, here's the link premier partners scam - Google Search
Look hard at the results, see all the totally useless links as they try to take control of the search engin listings with links THEY CONTROL.
I'm liking this anti Booiler Room strategy a lot. Put simply: If any 'financial firm' operates like this then 100% you're dealing with a) a fake company, b) nasty liars, and c) THIEVES.
Do business with these cold calling scum and be prepared to lose ALL YOUR MONEY.
Asl any questions here, we'll help you spot a scam.
Look hard at the results, see all the totally useless links as they try to take control of the search engin listings with links THEY CONTROL.
I'm liking this anti Booiler Room strategy a lot. Put simply: If any 'financial firm' operates like this then 100% you're dealing with a) a fake company, b) nasty liars, and c) THIEVES.
Do business with these cold calling scum and be prepared to lose ALL YOUR MONEY.
Asl any questions here, we'll help you spot a scam.
You are so right.Thank you for all you info. Its been a real education. Thanks. mpa.
Remember they will try to get more from him. They will most likely approach him
using a different name and offer to save his investment. Of course they will ask for a percentage up front and once he pays that they will disappear. They have even been known to pose as law enforcement agencies to scam people further. Needless to say anyone that approaches him about these or other shares is out to scam him.
From last week's excellent email (I'd advise people to sign up, it's free) -
How to conduct your own due diligence on a bank or broker
===================================================================================
How to conduct your own due diligence on a bank or broker
We live in a time when you can no longer assume away counterparty risk simply because banks and brokerages are regulated by a government. If you’re depositing money with someone, you should look at them like a financial partner. And, as with any partner, it’s imperative to get to know who you’re dealing with.
Unfortunately, there is no easy way to do this. You can’t just Google “Is XYZ Bank safe?” It takes a bit of homework.
With banks and brokerages, the first place to start is by talking to key people within the organization. Ask to see the financial statements. Talk to them about the company’s operations. Ask about their audit history.
At a high level, this is mostly a test. Anyone in the business of being a financial steward of other people’s money should be completely transparent. If you get the sense that they’re uncomfortable discussing these issues, or that they don’t really know, it’s a major red flag.
=================================================================================
He's of course talking about legit firms and not Boiler Room scammers. Still, the principal is the same - YOU HAVE TO FULLY UNDERSTAND AND RESEARCH WHO YOU'RE DOING FINANCIAL BUSINESS WITH.
For people who've lost money to the boiler room scammers, see how little you know and understand about investments? You receive a call from a company who tells you about a great investment, you then send money to an offshore account. Can you see how ridiculous this all sounds and looks?
Nowhere do you ever question the company you're doing business with and nowhere do you properly research what you're actually buying (have you ever heard of an AUDITED set of accounts, do you know how to read Balance sheet).
THis is why I'm hard on many people on this thread - to try to beat it into your heads that YOU DON'T KNOW WHAT YOU'RE DOING WHEN IT COMES TO INVESTMENTS. The sooner many of you realise this fact the safer your money will be. The proof of course is that if you did you would have realised you were being setup within the first 60 secondfs of the original call. Plus, you'd never dream of sending money offshore to a company who's name is DIFFERENT from the 'broker' that originally called you.
So either learn about this business if you want to have a shot at increasing your capital or KNOW YOUR LIMITATIONS and ONLY invest in savings accounts, Gold/Silver and/or collectables (but again, if you don't know anything about collectables or how to research the market you're going to get stuffed up by people who DO know what they're talking about and have taken the time to learn).
Information is therefore the key to all of this. NEVER rely on the seller to be honest with you (although they might be) and realise in investment land it's a very very dangerous world where so many are trying to take advantage of the other side.
Good luck, please ask any questions here.
I/we might be hard on you but there's the paradox - the scammers are nice and charming yet steal your money, I tell it like it is but you'll learn to keep hold of your cash.............
How to conduct your own due diligence on a bank or broker
===================================================================================
How to conduct your own due diligence on a bank or broker
We live in a time when you can no longer assume away counterparty risk simply because banks and brokerages are regulated by a government. If you’re depositing money with someone, you should look at them like a financial partner. And, as with any partner, it’s imperative to get to know who you’re dealing with.
Unfortunately, there is no easy way to do this. You can’t just Google “Is XYZ Bank safe?” It takes a bit of homework.
With banks and brokerages, the first place to start is by talking to key people within the organization. Ask to see the financial statements. Talk to them about the company’s operations. Ask about their audit history.
At a high level, this is mostly a test. Anyone in the business of being a financial steward of other people’s money should be completely transparent. If you get the sense that they’re uncomfortable discussing these issues, or that they don’t really know, it’s a major red flag.
=================================================================================
He's of course talking about legit firms and not Boiler Room scammers. Still, the principal is the same - YOU HAVE TO FULLY UNDERSTAND AND RESEARCH WHO YOU'RE DOING FINANCIAL BUSINESS WITH.
For people who've lost money to the boiler room scammers, see how little you know and understand about investments? You receive a call from a company who tells you about a great investment, you then send money to an offshore account. Can you see how ridiculous this all sounds and looks?
Nowhere do you ever question the company you're doing business with and nowhere do you properly research what you're actually buying (have you ever heard of an AUDITED set of accounts, do you know how to read Balance sheet).
THis is why I'm hard on many people on this thread - to try to beat it into your heads that YOU DON'T KNOW WHAT YOU'RE DOING WHEN IT COMES TO INVESTMENTS. The sooner many of you realise this fact the safer your money will be. The proof of course is that if you did you would have realised you were being setup within the first 60 secondfs of the original call. Plus, you'd never dream of sending money offshore to a company who's name is DIFFERENT from the 'broker' that originally called you.
So either learn about this business if you want to have a shot at increasing your capital or KNOW YOUR LIMITATIONS and ONLY invest in savings accounts, Gold/Silver and/or collectables (but again, if you don't know anything about collectables or how to research the market you're going to get stuffed up by people who DO know what they're talking about and have taken the time to learn).
Information is therefore the key to all of this. NEVER rely on the seller to be honest with you (although they might be) and realise in investment land it's a very very dangerous world where so many are trying to take advantage of the other side.
Good luck, please ask any questions here.
I/we might be hard on you but there's the paradox - the scammers are nice and charming yet steal your money, I tell it like it is but you'll learn to keep hold of your cash.............
Robbie Keane among football stars who lost thousands in collapsed scheme pushed by former player
Read more: Robbie Keane among football stars who lost thousands in collapsed scheme pushed by former player | This is Money
If you offer some people 10% a year they won't invest because it's not worth it.
But if you offer them 20% a MONTH you've got them banging on your door especially if you turn up in a flash car and wine and dine thgem in the best gaffs.
The scammers know this and it's one of the first clues to spotting one.
But as Sovereign Man says -
"If you’re depositing money with someone, you should look at them like a financial partner. And, as with any partner, it’s imperative to get to know who you’re dealing with."
And knowing in this sense doesn't mean you've been around to their house and played with their children. It means KNOWING about their company, their track record, who they bank with, past AUDITED accounts, who their lawyers are, and more.
Remember you're going into a FINANCIAL PARTNERSHIP.
Imagine if this footballing crook had come knocking on your door and imagine if you'd started asking him those sorts of questions, questions I might add which are just part of a standard due diligence proceedure. Imagine the umms and ahhs, imagine the exucuses, imagine him trying to divert your attention away from those pesky questions and back onto the 20% a month, GUARANTEED.
So what would you do? Would you invest, would your greed and naivety get the better of you or would the fact you didn't get ONE simple answer to any of your SIMPLE questions mean you run away from this investment as fast as you could? I really hope it''s the latter.......
Read more: Robbie Keane among football stars who lost thousands in collapsed scheme pushed by former player | This is Money
If you offer some people 10% a year they won't invest because it's not worth it.
But if you offer them 20% a MONTH you've got them banging on your door especially if you turn up in a flash car and wine and dine thgem in the best gaffs.
The scammers know this and it's one of the first clues to spotting one.
But as Sovereign Man says -
"If you’re depositing money with someone, you should look at them like a financial partner. And, as with any partner, it’s imperative to get to know who you’re dealing with."
And knowing in this sense doesn't mean you've been around to their house and played with their children. It means KNOWING about their company, their track record, who they bank with, past AUDITED accounts, who their lawyers are, and more.
Remember you're going into a FINANCIAL PARTNERSHIP.
Imagine if this footballing crook had come knocking on your door and imagine if you'd started asking him those sorts of questions, questions I might add which are just part of a standard due diligence proceedure. Imagine the umms and ahhs, imagine the exucuses, imagine him trying to divert your attention away from those pesky questions and back onto the 20% a month, GUARANTEED.
So what would you do? Would you invest, would your greed and naivety get the better of you or would the fact you didn't get ONE simple answer to any of your SIMPLE questions mean you run away from this investment as fast as you could? I really hope it''s the latter.......
Martin Kong3
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Hi Anley.
Found this article.
Ex-soccer star is linked to failed investment scheme that has cost top players millions | Mail Online
And yes, no wonder why he was cr@p when he playing for the team that i'm supporting.
Found this article.
Ex-soccer star is linked to failed investment scheme that has cost top players millions | Mail Online
And yes, no wonder why he was cr@p when he playing for the team that i'm supporting.
GOOD ANTI-SCAM TRICK
Scammers love to give the impression they're respectable and have got plenty of money and capital behind them. This is why they often work out of flashy offices in expensive locations.
So if you ever get a call from a company that makes a big song and dance about where it's calling from, BEWARE. Repeat BEWARE.
Some of the fine wine scammers have been calling me over the last few months. And the've all made a big song and dance about the fact they're calling from Mayfair.
Also, there's a Coconut/property investment company cold calling people right now making a big song and dance about being located in London's Gherkin skyscraper, 29th floor I believe. But the 29th floor is a well know short term office company. Plus, I bet they have just one small room, the people callling will be located in say Stevenage or that town where David Brent hangs out in the Office (forget its name).
But as Sovereign Man says -
"If you’re depositing money with someone, you should look at them like a FINANCIAL PARTNER. And, as with any partner, it’s imperative to get to know who you’re dealing with."
So if you do want to invest with some company why not pay them a visit at their flashy office? I think you might not see the same image as the 'company' is trying to portray.......
The con by the way with the wine is you'll grossly overpay, perhaps buying something for £5 that's worth nearer £1 and as you own the wine there's no fraud. How can they con so many people, simple their punters KNOW NOTHING about investing in wine (even though they might like to drink it) and they get all their research and knowledge from the scam salesmen (who also by the way know nothing about wine, but EVERYTHING about the art of salesmenship).
Folks, it's really dangerous out there in investment land, few can be trusted (look at how the banks for example ripped off their customers for BILLIONS vis PPI insurance). But you can easily fight back, all you need to do is EDUCATE yourself into what you're buying and who you're REALLY doing business wth. And if you can't do that or don't know how to, then no problem, ask here, we'll help
Scammers love to give the impression they're respectable and have got plenty of money and capital behind them. This is why they often work out of flashy offices in expensive locations.
So if you ever get a call from a company that makes a big song and dance about where it's calling from, BEWARE. Repeat BEWARE.
Some of the fine wine scammers have been calling me over the last few months. And the've all made a big song and dance about the fact they're calling from Mayfair.
Also, there's a Coconut/property investment company cold calling people right now making a big song and dance about being located in London's Gherkin skyscraper, 29th floor I believe. But the 29th floor is a well know short term office company. Plus, I bet they have just one small room, the people callling will be located in say Stevenage or that town where David Brent hangs out in the Office (forget its name).
But as Sovereign Man says -
"If you’re depositing money with someone, you should look at them like a FINANCIAL PARTNER. And, as with any partner, it’s imperative to get to know who you’re dealing with."
So if you do want to invest with some company why not pay them a visit at their flashy office? I think you might not see the same image as the 'company' is trying to portray.......
The con by the way with the wine is you'll grossly overpay, perhaps buying something for £5 that's worth nearer £1 and as you own the wine there's no fraud. How can they con so many people, simple their punters KNOW NOTHING about investing in wine (even though they might like to drink it) and they get all their research and knowledge from the scam salesmen (who also by the way know nothing about wine, but EVERYTHING about the art of salesmenship).
Folks, it's really dangerous out there in investment land, few can be trusted (look at how the banks for example ripped off their customers for BILLIONS vis PPI insurance). But you can easily fight back, all you need to do is EDUCATE yourself into what you're buying and who you're REALLY doing business wth. And if you can't do that or don't know how to, then no problem, ask here, we'll help
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By the way spotting a short term serviced office is easy. Just type the company's address into Google and if you get many different companies located at that address then it's a short term office.
And don't forget Google is far more than the first page of search results. Often to get the really juicy information you have to go up to 10 pages deep. some people can scan Google's results in minutes, others aren't so quick, but this ISN'T A RACE so if you need time then take your time.
And don't forget Google is far more than the first page of search results. Often to get the really juicy information you have to go up to 10 pages deep. some people can scan Google's results in minutes, others aren't so quick, but this ISN'T A RACE so if you need time then take your time.
Here's a good example of knowing and understanding WHO you're doing business with.
I got a call from Barclaycard yesterday trying to sell me insurance for my credit card. Now, this is a bank we're talking about and even if you've just been half awake over the last 10-15 years you'll have seen countless mis-selling scandals by the banks especially when it comes to selling insurance products.
What is clear to anyone is WHEN A BANK TRIES TO SELL YOU SOMETHING the deal is going to favour their profits over your wellbeing. Now, that's not to say that all bank products are a rippoff, some of them are actually very good but they NEVER TRY TO SELL THOSE PRODUCTS via cold calling you or asking you at the till. The cold call sales and the counter sales patter is ALWAYS about trying to stuff you up with either a very expensive product or one you don't actually need, although they'll tell you that you do.
Of course my answer to the nice fella that called (he was actually nice) was NO. When he asked why Itold him that banks can be trusted not to steal my money but they can't be trusted not to try and stuff me up with products that are designed to juice their profits at my expense. The salesmen laughed, he knew who he was working for, he knew what his bank was like, but no offence to him, I'd do the same if I was working there otherwise I would't be in that job too long.
KNOW YOUR ENEMY FOLKS - KNOW HOW THEY OPERATE AND THINK - it can save you a lot of money.
Summary: if a bank ever tries to push a product YOU ARE BEING SETUP. But if you find a product in a bank that they DON'T try and push hard there's a good chance that product is sound.
I got a call from Barclaycard yesterday trying to sell me insurance for my credit card. Now, this is a bank we're talking about and even if you've just been half awake over the last 10-15 years you'll have seen countless mis-selling scandals by the banks especially when it comes to selling insurance products.
What is clear to anyone is WHEN A BANK TRIES TO SELL YOU SOMETHING the deal is going to favour their profits over your wellbeing. Now, that's not to say that all bank products are a rippoff, some of them are actually very good but they NEVER TRY TO SELL THOSE PRODUCTS via cold calling you or asking you at the till. The cold call sales and the counter sales patter is ALWAYS about trying to stuff you up with either a very expensive product or one you don't actually need, although they'll tell you that you do.
Of course my answer to the nice fella that called (he was actually nice) was NO. When he asked why Itold him that banks can be trusted not to steal my money but they can't be trusted not to try and stuff me up with products that are designed to juice their profits at my expense. The salesmen laughed, he knew who he was working for, he knew what his bank was like, but no offence to him, I'd do the same if I was working there otherwise I would't be in that job too long.
KNOW YOUR ENEMY FOLKS - KNOW HOW THEY OPERATE AND THINK - it can save you a lot of money.
Summary: if a bank ever tries to push a product YOU ARE BEING SETUP. But if you find a product in a bank that they DON'T try and push hard there's a good chance that product is sound.
Re: Linsure Holdings
Hi
So is this Private Trading Acquisitions company part of the scam, only they have been in contact with me concerning Europes secret, when I received the paperwork about selling I noticed the bit where it states the seller PAYS!! THOUGHT IT LOOKED SUSPECT
Hi
So is this Private Trading Acquisitions company part of the scam, only they have been in contact with me concerning Europes secret, when I received the paperwork about selling I noticed the bit where it states the seller PAYS!! THOUGHT IT LOOKED SUSPECT
