Potential Scam?
Discussion
Some advice needed please.
Last year my Dad was contacted by a stockbroker in America, cold-calling his workplace offering good leads on shares (I'd guess he got the name and number from Company House). This bloke works for a New York company which has a very decent website, it appears legit but due to the cold-calling nature I suggested that it was a scam in some way and that my Dad should avoid.
However it seems he has ignored my advice and is about to purchase some shares in an American mining company using this guy.
I could have sworn I've seen some posts here on PH about some bloke who'd fallen for a scam where instead of shares he'd actually purchased some certificate which was uncashable, however I cannot find it. Can anyone give some firm evidence that I can pass on.
Thanks, TT
Last year my Dad was contacted by a stockbroker in America, cold-calling his workplace offering good leads on shares (I'd guess he got the name and number from Company House). This bloke works for a New York company which has a very decent website, it appears legit but due to the cold-calling nature I suggested that it was a scam in some way and that my Dad should avoid.
However it seems he has ignored my advice and is about to purchase some shares in an American mining company using this guy.
I could have sworn I've seen some posts here on PH about some bloke who'd fallen for a scam where instead of shares he'd actually purchased some certificate which was uncashable, however I cannot find it. Can anyone give some firm evidence that I can pass on.
Thanks, TT
TallTony said:
Some advice needed please.
Last year my Dad was contacted by a stockbroker in America, cold-calling his workplace offering good leads on shares (I'd guess he got the name and number from Company House). This bloke works for a New York company which has a very decent website, it appears legit but due to the cold-calling nature I suggested that it was a scam in some way and that my Dad should avoid.
However it seems he has ignored my advice and is about to purchase some shares in an American mining company using this guy.
I could have sworn I've seen some posts here on PH about some bloke who'd fallen for a scam where instead of shares he'd actually purchased some certificate which was uncashable, however I cannot find it. Can anyone give some firm evidence that I can pass on.
Thanks, TT
NO NO NO Last year my Dad was contacted by a stockbroker in America, cold-calling his workplace offering good leads on shares (I'd guess he got the name and number from Company House). This bloke works for a New York company which has a very decent website, it appears legit but due to the cold-calling nature I suggested that it was a scam in some way and that my Dad should avoid.
However it seems he has ignored my advice and is about to purchase some shares in an American mining company using this guy.
I could have sworn I've seen some posts here on PH about some bloke who'd fallen for a scam where instead of shares he'd actually purchased some certificate which was uncashable, however I cannot find it. Can anyone give some firm evidence that I can pass on.
Thanks, TT
Something is in the back of my mind regarding this. If it sounds too good to be true, then it is.
Regulation S shares. He'll find it a bugger to sell them as they're designed to help the smaller company get money so it's a hellishly long term investment with a very illiquid market (read: no buyers). He'll then be scammed by the follow up scam offering to find buyers for him for a fee.
Here: http://www.google.co.uk/search?q=S+shares+scam
Here: http://www.google.co.uk/search?q=S+shares+scam
Edited by ShadownINja on Wednesday 6th January 15:56
ShadownINja said:
Regulation S shares. He'll find it a bugger to sell them as they're designed to help the smaller company get money so it's a hellishly long term investment with a very illiquid market (read: no buyers). He'll then be scammed by the follow up scam offering to find buyers for him for a fee.
Here: http://www.google.co.uk/search?q=S+shares+scam
Perfect, thanks for this ShadownINja. I've mailed him the link, and hopefully this will save my inheritance!Here: http://www.google.co.uk/search?q=S+shares+scam
Edited by ShadownINja on Wednesday 6th January 15:56
I was going to post something saying this.ShadownINja said:
Scraggles said:
looks like a fool and his money are soon to be parted....
How does the fool that is always referred to actually get hold of this fantastic sum of money to invest in Regulation S shares/a hot tip on the horses/a Nigerian prince/an orphanage in Beijing?Gassing Station | Business | Top of Page | What's New | My Stuff