I foolishly got involved with TLAG 18 months ago.....yeah yeah Ive read all the threads.... just 18 months too late. Ive now been approached to sell them. ie stage 2: the Recovery Room scam. Of course I know there's no angel thats going to buy $1 bills at $10 each but Im fascinated to see how this scam works (but Im not intending to part with a penny more whatever happens). Ive read elsewhere that they will ask me to send money before they can release the cheque. But this one is different..... first they dont need my bank details and are happy to send a bank draft to any secure address. Second their 1% fee is to be taken from the proceeds of the sale ie they dont want me to send ANY money (yet!). But there are 2 docs to sign....an agreement and a non disclosure agreement.I think Ive got it sussed....and its clever (devious). But perhaps you guys/gals can add something
When I was first approached it was by phone from a blocked number.....due to line quality I assume it was an internet phone line so virtually untraceable. The guy made his offer and said he'd send docs by email and recited my E address.Nothing arrived. Next day he called again saying Dammit, theres no point in me sending again and it getting lost in cyberspace again..... please send me a test email so I can reply.
Now the FSA tells me that its against UK law to cold call anyone with financial offers. But by blocking the phone num and not sending an email until I had apparently first contacted them, they can say it was me that made the initial approach.
However I emailed from a bogus email a/c and they emailed back to my real address ie the one that was supposedly losing their papers out into cyberspace.
Ive read a lot about Recovery Room scams now and I learned that although the TLAG company really does exist, its quite likely the bits of paper I received were totally bogus certificates. I dont know how to check this.?
So I read their agreement again and what it says (among many things) is:
a) The Seller hereby confirms that it is the rightful and true owner of the securities and/or funds described in Schedule A and as such has the right to dispose of said securities or funds.
b) The Seller hereby confirms that the securities and/or funds are fully paid, unencumbered and have no restrictions or lien attached to them.
f) In the event that part or all of the securities and/or funds described in Schedule A. are not yet in the Seller’s possession, the Seller acknowledges by their signature on this document their assent for the Buyer to obtain said securities on their behalf.
Now Im guessing that they will, at some point, say these certificates are bogus so to complete the deal we had to purchase the shares (as it appears to demand in the agreement). You now owe us £n. So cough up £n before we can send your dosh.
Exactly what they would do if I didnt send the dosh is unknown given that they are operating illegally in UK if not FSA regulated.(and they are not) so would leave themselves open to prosecution if they tried to take it to court.
The real question now is how can I check to see if my certs are kosher or fake.?
Your thoughts please
When I was first approached it was by phone from a blocked number.....due to line quality I assume it was an internet phone line so virtually untraceable. The guy made his offer and said he'd send docs by email and recited my E address.Nothing arrived. Next day he called again saying Dammit, theres no point in me sending again and it getting lost in cyberspace again..... please send me a test email so I can reply.
Now the FSA tells me that its against UK law to cold call anyone with financial offers. But by blocking the phone num and not sending an email until I had apparently first contacted them, they can say it was me that made the initial approach.
However I emailed from a bogus email a/c and they emailed back to my real address ie the one that was supposedly losing their papers out into cyberspace.
Ive read a lot about Recovery Room scams now and I learned that although the TLAG company really does exist, its quite likely the bits of paper I received were totally bogus certificates. I dont know how to check this.?
So I read their agreement again and what it says (among many things) is:
a) The Seller hereby confirms that it is the rightful and true owner of the securities and/or funds described in Schedule A and as such has the right to dispose of said securities or funds.
b) The Seller hereby confirms that the securities and/or funds are fully paid, unencumbered and have no restrictions or lien attached to them.
f) In the event that part or all of the securities and/or funds described in Schedule A. are not yet in the Seller’s possession, the Seller acknowledges by their signature on this document their assent for the Buyer to obtain said securities on their behalf.
Now Im guessing that they will, at some point, say these certificates are bogus so to complete the deal we had to purchase the shares (as it appears to demand in the agreement). You now owe us £n. So cough up £n before we can send your dosh.
Exactly what they would do if I didnt send the dosh is unknown given that they are operating illegally in UK if not FSA regulated.(and they are not) so would leave themselves open to prosecution if they tried to take it to court.
The real question now is how can I check to see if my certs are kosher or fake.?
Your thoughts please
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