Is my father getting scammed?
Discussion
Hi all,
I will preface this by saying I am not very financially savvy - but my father has invested for decades.
He currently has a stock of valuable wine invested in a storage unit in Birmingham. We are based in the South East.
He has been offered a deal - brokered by Williams and Gray (they check out as far as I can see) - which will be very profitable. It involves a sale of the wine to China.
To complete the sale he has to pay for 3 x service of payment gateways - which will cost around £17000 - which he has to pay up front. He has asked me to stump up some of this cash - that's where I come in.
In a letter from Williams and Gray that this money will be refunded 3 days after the completion of the sale.
I have a letter in which they are underwriting and guaranteeing this cost.
They will also honour and guarantee the total sum of the sale.
Anyway - as I say - I am not very savvy in these matters - but the upfront cost for secure payment - and quite a large sum - has sent alarm bells ringing for me. Has anyone has any experience of this?
Thanks in advance!
I will preface this by saying I am not very financially savvy - but my father has invested for decades.
He currently has a stock of valuable wine invested in a storage unit in Birmingham. We are based in the South East.
He has been offered a deal - brokered by Williams and Gray (they check out as far as I can see) - which will be very profitable. It involves a sale of the wine to China.
To complete the sale he has to pay for 3 x service of payment gateways - which will cost around £17000 - which he has to pay up front. He has asked me to stump up some of this cash - that's where I come in.
In a letter from Williams and Gray that this money will be refunded 3 days after the completion of the sale.
I have a letter in which they are underwriting and guaranteeing this cost.
They will also honour and guarantee the total sum of the sale.
Anyway - as I say - I am not very savvy in these matters - but the upfront cost for secure payment - and quite a large sum - has sent alarm bells ringing for me. Has anyone has any experience of this?
Thanks in advance!
Edited by Dedshott on Sunday 6th December 09:40
If you have something worth buying you shouldn't need to stump up 17k to achieve the sale.
I'd be very wary.
If it's this company? who are brokering the deal
https://www.wineinvestmentfund.com/latest-figures/...
Looks like they had 3 or 4 good years at the beginning of the business then crappola since.
I'd be very wary.
If it's this company? who are brokering the deal
https://www.wineinvestmentfund.com/latest-figures/...
Looks like they had 3 or 4 good years at the beginning of the business then crappola since.
Feels like this: https://en.m.wikipedia.org/wiki/Advance-fee_scam
But I know nothing about the sector, and maybe this is just how they work. Assuming his wine is stored with them, maybe he needs to call them direct to confirm it’s legit and this is how they work, and take it from there?
However - why won’t the business take this fee out of the transaction at the end as a fee on completion, rather than needing it paying in advance?
As an aside, if he’s asking you to pay it, why doesn’t he have the cash to hand? Has he already been taken for other fees?
But I know nothing about the sector, and maybe this is just how they work. Assuming his wine is stored with them, maybe he needs to call them direct to confirm it’s legit and this is how they work, and take it from there?
However - why won’t the business take this fee out of the transaction at the end as a fee on completion, rather than needing it paying in advance?
As an aside, if he’s asking you to pay it, why doesn’t he have the cash to hand? Has he already been taken for other fees?
Dedshott said:
Hi all,
I will preface this by saying I am not very financially savvy - but my father has invested for decades.
He currently has a stock of valuable wine invested in a storage unit in Birmingham. We are based in the South East.
He has been offered a deal - brokered by Williams and Gray (they check out as far as I can see) - which will be very profitable. It involves a sale of the wine to China.
To complete the sale he has to pay for 3 x service of payment gateways - which will cost around £17000 - which he has to pay up front.
Just stop there. No point reading any further.I will preface this by saying I am not very financially savvy - but my father has invested for decades.
He currently has a stock of valuable wine invested in a storage unit in Birmingham. We are based in the South East.
He has been offered a deal - brokered by Williams and Gray (they check out as far as I can see) - which will be very profitable. It involves a sale of the wine to China.
To complete the sale he has to pay for 3 x service of payment gateways - which will cost around £17000 - which he has to pay up front.
Classic scam.
1. We promise to make you more money than anyone else.
2. To achieve this we need you to send us a lot of money.
Stop, and engage your brain. You already know it sounds fishy, but you (or your fathers) want to make a quick buck is clouding your rational thinking. I guarantee if you procede, the moment you click the payment button, you will get a sick feeling in the bottom of stomach.
1. We promise to make you more money than anyone else.
2. To achieve this we need you to send us a lot of money.
Stop, and engage your brain. You already know it sounds fishy, but you (or your fathers) want to make a quick buck is clouding your rational thinking. I guarantee if you procede, the moment you click the payment button, you will get a sick feeling in the bottom of stomach.
Agreed. I suppose it helps to see it written down to see the obvious sometimes.
Since posting I have delved deeper in the companies involved - and both are established companies who have recently been cloned by scammers in a different 'Carbon Credit' scam.
I think he has sent them some money though.
Since posting I have delved deeper in the companies involved - and both are established companies who have recently been cloned by scammers in a different 'Carbon Credit' scam.
I think he has sent them some money though.
Dedshott said:
Agreed. I suppose it helps to see it written down to see the obvious sometimes.
Since posting I have delved deeper in the companies involved - and both are established companies who have recently been cloned by scammers in a different 'Carbon Credit' scam.
I think he has sent them some money though.
Unfortunately he now may well be on a ‘suckers list’.Since posting I have delved deeper in the companies involved - and both are established companies who have recently been cloned by scammers in a different 'Carbon Credit' scam.
I think he has sent them some money though.
As he has succumbed to the scam, he could well be a target of a prolonged and targeted campaign of different scams. Quite oftem his details will be shared / sold to other scammers.
Tell your father to be very careful. They might look and feel very different, but their aim will be to part him with his cash.
Dedshott said:
Hi all,
I will preface this by saying I am not very financially savvy - but my father has invested for decades.
He currently has a stock of valuable wine invested in a storage unit in Birmingham. We are based in the South East.
He has been offered a deal - brokered by Williams and Gray (they check out as far as I can see) - which will be very profitable. It involves a sale of the wine to China.
To complete the sale he has to pay for 3 x service of payment gateways - which will cost around £17000 - which he has to pay up front. He has asked me to stump up some of this cash - that's where I come in.
In a letter from Williams and Gray that this money will be refunded 3 days after the completion of the sale.
I have a letter in which they are underwriting and guaranteeing this cost.
They will also honour and guarantee the total sum of the sale.
Anyway - as I say - I am not very savvy in these matters - but the upfront cost for secure payment - and quite a large sum - has sent alarm bells ringing for me. Has anyone has any experience of this?
Thanks in advance!
https://redd-monitor.org/2020/10/23/the-carbon-credit-registry-carbon-credit-reformatting-scam-continues-a-company-calling-itself-williams-gray-is-running-a-recovery-room-scam/I will preface this by saying I am not very financially savvy - but my father has invested for decades.
He currently has a stock of valuable wine invested in a storage unit in Birmingham. We are based in the South East.
He has been offered a deal - brokered by Williams and Gray (they check out as far as I can see) - which will be very profitable. It involves a sale of the wine to China.
To complete the sale he has to pay for 3 x service of payment gateways - which will cost around £17000 - which he has to pay up front. He has asked me to stump up some of this cash - that's where I come in.
In a letter from Williams and Gray that this money will be refunded 3 days after the completion of the sale.
I have a letter in which they are underwriting and guaranteeing this cost.
They will also honour and guarantee the total sum of the sale.
Anyway - as I say - I am not very savvy in these matters - but the upfront cost for secure payment - and quite a large sum - has sent alarm bells ringing for me. Has anyone has any experience of this?
Thanks in advance!
Edited by Dedshott on Sunday 6th December 09:40
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