Boiler Room Scams

This is a discussion on Boiler Room Scams within the Educational Resources forums, part of the Commercial category; Sadly the Hong Banks are pretty corrupt which is why the scammers love to use them. Sadly any money paid ...

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Old Jul 19, 2012, 11:12am   #3271
Joined Dec 2003
Re: Boiler Room Scams

Sadly the Hong Banks are pretty corrupt which is why the scammers love to use them. Sadly any money paid into an account will be quickly wired out, probably within 48 hours.

For people who don't know what they're doing when it comes to investments, here's a simple rule to follow. When you're dealing with a firmsay in London or Paris or Geneva EXPEXT TO PAY MONEY TO THAT FIRM IN A LONDON, PARIS OR GENEVA BANK ACCOUNT.

If you're asked to wire money to a HK bank (when called from a Paris firm) PLUS the account in HK has nothing to do with the name of the Paris firm - YOU'RE BEING SETUP TO HAVE YOUR MONEY STOLEN FROM YOU.

This is one of my main points about people not having a clue what they're doing when it comes to investments. So they happily pay money to the HK account in a different name as if nothing was wrong.
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Old Jul 19, 2012, 12:28pm   #3272
Joined Sep 2010
Re: Boiler Room Scams

Quote:
Originally Posted by Ainka View Post

You are really somebody, give them the ticket to steal, or how is to understand your idea ?
Anyway it is not completly true what you are telling around, we took allready a lot of money back in a way or an other. Mostly it takes time, but it is possible.
True is, that you have no chance, if you go just to the police, yes, after 1/2 year they stop their activities ( if they will do anything, normally they do the report, and nothing else). I know of what I'm talking about, 'cause I' m "investor" by myself. Lost around 50.000 € and suffered a lot.
But we ( a group of people & Lawyer and invstigators) just conquer it back.
In other cases , which are more fresh ( from timing) we helped other victims,
to get it back more fast.
No actually It was meant as a peice of good advise. I guess that is what we are
for. Another peice of advise is: Never buy anything from cold callers it be shares,
gold,diamonds or anything else.
You are right about the Police- But when they do take action and catch the criminals
there is no mercy.
So when you got your Euro 50.000 back -well that is the way I understand it-you did'nt loose it did you ?
It would be interesting to get to know in more details how you managed to help
other victims. Thanks.
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Old Jul 19, 2012, 3:00pm   #3273
Joined Oct 2011
Re: Boiler Room Scams

who has tri hub international shares ?
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Old Jul 20, 2012, 9:56am   #3274
Joined Dec 2003
Re: Boiler Room Scams

Very interesting read from the OFT, download the PDF (see link below)

"''The Psychology of Scams'', a study commissioned by the UK Office of Fair Trading, shows people who have already been a victim of a scam are consistently more likely to show renewed interest in contact from fraudsters. One trick of conmen is the ''secondary scam'' in which they contact a victim some time after they realise they have been scammed and pretend to be lawyers, government officials or police from the scammer's country.

This happened to Munro. ''Sean King'', whom she chatted with on another site, told her he had also been the victim of a scammer. He said the Economic and Financial Crimes Commission, a Nigerian law enforcement agency that investigates 419 scams, had helped him and a friend to recover their money. Her local police had already suggested she get in touch with the EFCC, but ''I emailed them and never got a reply,'' she says. Sean told her he would get the employee who had helped him to contact her. ''So he [the EFCC employee] emailed me and then it was all on again,'' Munro says. The emails had the same EFCC logo as she had seen on the site to which the Australian police had directed her. ''They said because such a large amount of money was due to me, I had to get anti-money-laundering and insurance certificates from the bank. All the documents that came to me looked totally believable,'' she says. ''They named the guy who scammed me and said they had his IP address. It was very clever. I was sucked in.'' Thousands of dollars later for a variety of ''fees'' and ''certificates'', Munro realised she was being scammed again."

Thoughts on Scams, from Craig Mee : Daily Speculations

Folks, if you've been victim to a scam you better make sure you REALLY understand what's happened because if you don't then your money is AT REAL RISK FROM BEING STOLEN AGAIN.

It's a very very dangerous world out there and scams and scammers are multiplying at a frightful rate and will continue to do so as the current economic mess drags on.

If you're unsure about ANYTHING please ask questions here. Some of us might be rude and call you an idiot and fool but it's for your own good AND you get to keep your money.

But if you want to be charmed and told how smart you are please continue those calls with the scammers. But then of course they'll steal your money and laugh at you when they put the phone down.

Personally I'd LOVE to be told that I'm an idiot, a fool and very naive about investing if that's what it takes to keep my money from being stolen. I hope others also think like me......
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Old Jul 20, 2012, 3:05pm   #3275
Joined Aug 2011
Re: Boiler Room Scams

Please listen to BBCi Listen again Radio 4 Today 0615am for Thursday 19/07/12 Interview with Mr Paul Moore, he was the compliance director at HBOS and got sacked for telling the board that they were not complying with the regulations, He has applied for the top job at Barclays, I hope he is appointed he will sort out some of the spivs and slick traders that work there!
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Old Jul 20, 2012, 3:15pm   #3276
Joined Aug 2011
Re: Boiler Room Scams

It's not just boiler room scams that will take your money, I fell prey to the sales chat and advice of Logic Investments who are registered with the FSA and I paid them thousands of pounds in fees for what turned out to be duff advice and that in turn lost me thousnds of pounds as well, so yes do be wary of the boiler room scams,however some brokers are little better and whilst they may operate just within the law some have ethics that are no better than the scammers!
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Old Jul 20, 2012, 4:07pm   #3277
Joined Dec 2003
Re: Boiler Room Scams

Quote:
Originally Posted by strokey tone View Post
It's not just boiler room scams that will take your money, I fell prey to the sales chat and advice of Logic Investments who are registered with the FSA and I paid them thousands of pounds in fees for what turned out to be duff advice and that in turn lost me thousnds of pounds as well, so yes do be wary of the boiler room scams,however some brokers are little better and whilst they may operate just within the law some have ethics that are no better than the scammers!
100% agree. Most financial firms whether legit or not will try their best to skim your money at best and steal it at worst. This is one of the main points myself, PB and others have been trying to get across.

But there is a way around this problem and it's easy. Do the following -

1. Go look in the mirror
2. Look into your eyes and ask yourself these 2 questions -

"Do I understand what I'm doing when it comes to investments"
"Do I really know much about the company I'm dealing with and do I know how to properly research them".

If you are honest with yourself you should get honest answers and for the majority the two answers will be - NO.

if it is NO then do youself a favour and only stick to these 4 investments

1. Cash
2. Precious metals
3. Property (good areas, with a view to a rent yield), and
4. Collectables that you KNOW ABOUT AND UNDERSTAND. Collectables can be anything from £100 inkwells to £10,000,000 pieces of art. But you MUST know what you're buying otherwise it's odds on you'll get ripped off again.

---------------------------------------------------------------------------------------------------

Now, take ALL the clients that have been ripped off by -

The boiler room scammers
The land banking scammers
The carbon credit scammers
The African land scammers
The Diamond fund scammers
The off plan property sellers in sunny and exotic locations
Etc, etc, etc

Imagine if they had followed my advice and asked themselves the 2 simple questions? It would have saved their bacon don't you think?

Folks, it's not hard to protect yourself from all the financial scams (legal and illegal). All you have to do is know your limiations and that's what the 2 questions are designed to show.

Good luck and stay safe.
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Old Jul 20, 2012, 5:20pm   #3278
 
2 Posts
Joined Jul 2012
Re: Boiler Room Scams

Are you an investor with SJ Capital? Or do you know of any investors?


Quote:
Originally Posted by anley View Post
Wayne of SJ Capital are you still there?

We're still waiting on the simple questions we asked.

Looking for an update on the planning application for the Greenhithe, Kent site. I still cannot find any details from the Council.

Also looking for information on how SJ Capital aims to do the impossible, ie get planning permission for all it's sites with a 0% allocation to affordable housing.

Surely you must be informing your clients of this critcal bit of information as it's the duty of a responsible company to let them know ALL the facts. But there's never a mention on your website. Is there a reason for this? I hope it's not because it decimates the chances of your sites ever receiving planning.

If you're a future SJ Capital customer or a present one, make sure you ask the company about the 'affordable housing' question. Then please report back here. I'd be really interested to know what they say. In fact I might even call them myself posing as a potential client........

In summary: If any company ever tries to sell you a plot of land without mentioning 'affordable housing' you're being setup to buy worthless land. Ask questions here, we can help.
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Old Jul 20, 2012, 8:42pm   #3279
Joined Sep 2010
Re: Boiler Room Scams

Quote:
Originally Posted by strokey tone View Post
It's not just boiler room scams that will take your money, I fell prey to the sales chat and advice of Logic Investments who are registered with the FSA and I paid them thousands of pounds in fees for what turned out to be duff advice and that in turn lost me thousnds of pounds as well, so yes do be wary of the boiler room scams,however some brokers are little better and whilst they may operate just within the law some have ethics that are no better than the scammers!
VERY TRUE- Genuing companies which are running well- do not need to
list themselves on the stockmarket. Why should they?-Just to make some
quick extra money- Greede that is what it is. Just look at the example with
Facebook stocks- a lot of people lost-as it seems- money there.
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Old Jul 20, 2012, 9:49pm   #3280
Joined Sep 2010
Re: Boiler Room Scams

Quote:
Originally Posted by anley View Post
Very interesting read from the OFT, download the PDF (see link below)

"''The Psychology of Scams'', a study commissioned by the UK Office of Fair Trading, shows people who have already been a victim of a scam are consistently more likely to show renewed interest in contact from fraudsters. One trick of conmen is the ''secondary scam'' in which they contact a victim some time after they realise they have been scammed and pretend to be lawyers, government officials or police from the scammer's country.

This happened to Munro. ''Sean King'', whom she chatted with on another site, told her he had also been the victim of a scammer. He said the Economic and Financial Crimes Commission, a Nigerian law enforcement agency that investigates 419 scams, had helped him and a friend to recover their money. Her local police had already suggested she get in touch with the EFCC, but ''I emailed them and never got a reply,'' she says. Sean told her he would get the employee who had helped him to contact her. ''So he [the EFCC employee] emailed me and then it was all on again,'' Munro says. The emails had the same EFCC logo as she had seen on the site to which the Australian police had directed her. ''They said because such a large amount of money was due to me, I had to get anti-money-laundering and insurance certificates from the bank. All the documents that came to me looked totally believable,'' she says. ''They named the guy who scammed me and said they had his IP address. It was very clever. I was sucked in.'' Thousands of dollars later for a variety of ''fees'' and ''certificates'', Munro realised she was being scammed again."

Thoughts on Scams, from Craig Mee : Daily Speculations

Folks, if you've been victim to a scam you better make sure you REALLY understand what's happened because if you don't then your money is AT REAL RISK FROM BEING STOLEN AGAIN.

It's a very very dangerous world out there and scams and scammers are multiplying at a frightful rate and will continue to do so as the current economic mess drags on.

If you're unsure about ANYTHING please ask questions here. Some of us might be rude and call you an idiot and fool but it's for your own good AND you get to keep your money.

But if you want to be charmed and told how smart you are please continue those calls with the scammers. But then of course they'll steal your money and laugh at you when they put the phone down.

Personally I'd LOVE to be told that I'm an idiot, a fool and very naive about investing if that's what it takes to keep my money from being stolen. I hope others also think like me......
Yes the 419 scammers. § 419 is a paragraph in Nigerian law stating that anyone
who pretends something to another person which is not according to the thruth shall be punished.

And that is what they get when they get caught these 419 scammers. The worst
of them are the King Pins-those that lives in big Palaces in Nigeria.
Those that get caught are 'the Runners'-they get a little share of what they
steal. Stamped money in consignments, OYI alkaline solutions , security companies, Barristers, Bankers, Falsery dokuments from South African banks
Like for example The South African Reserve Bank, ABSA Bank SA, Standart Bank
South Africa and so forth.
There just is'nt that sort of money in any African Country that the 419 Nigerian
scammers claim to be in possesion of.
And all their Lotteries out of England where you have to call an English telephone
number which is diverted to Nigeria.
You won!-but you have to pay some money because you won. Bull****.

And all those who wants to give you loans-bull**** again !!! They will charge you
for a downpayment in order to secure the loan-and then they will run away with the your downpayment

Well I get between 5 and 10 Nigerian letters every day on my e-mail.
And it gives me a job with deleting them.
I hate these ****ers. And unfortunately it is so that the greatest income
to Nigeria today is from 419 scams. It is bigger than the income from the Oil
they have.

And true-if you lost money in a 419 Nigerian Scam-There will be some Barrister
who will 'help' you-but the thing is he is also a 419 Nigerian Scammer and he will
want an upfront payment for his job and he will also run away with the money.

So the thing is-if you get contacted by someone you don't know allready -it be
on phone-put the phone down-if it is on e-mail-delete the e-mail-don't pay any money to someone you don't know-get money of them first in order for them
to show that they are serious-that will never happen by the way !

Most people in the World would like to make some quick money.
The Nigerians know that. But if you deal with a Nigerian you will
loose money.
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Old Jul 23, 2012, 9:22am   #3281
Joined Dec 2003
Re: Boiler Room Scams

Quote:
Originally Posted by Propertyfraud View Post
Are you an investor with SJ Capital? Or do you know of any investors?
No because I would only ever invest with a firm that sells plots of land on the 'suggestion' that they'll 'soon' get planning permission if I liked to lose my money with a 100% certainty.

The probabilities are with me because no land banking firm over the last 12 years has ever got planning permission on one of their plots and that's 100% verified.

But that doesn't matter for the companies involved because they've already got everyone's money........
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Old Jul 24, 2012, 3:08pm   #3282
Joined May 2012
Re: Boiler Room Scams

Quote:
Originally Posted by bucketshops View Post
All the scammers of Morgan Finch Int. are on the run. Hiding somewhere
from Police ,Laywers and angry Shareholders who **** unfortunate and
bought shares from them. The same thing goes for the one who called
himself 'Michael Kashyn' Strange they hav'nt been caught and arrested
yet. There **** enough leads.
I've heard they are apparantly in New York/NY. I've made complaint already 2 years ago with FBI and Interpol as well as with my Home Attorney(local court). Last response was, that they have not received any response from Spain Police , but mid September I'll get a answer. It takes years to get a result, but rest assure"crime doesn't pay off".
uisi71
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Old Jul 24, 2012, 6:14pm   #3283
Joined Apr 2012
Re: Boiler Room Scams

'cause there are certain countries , I don't want to mention them here, which they live quite nice with/ from the corruption. Spanish courts , polices and offices are working very slowly.
But anyway it takes time, even its not connect with spain.
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Old Jul 24, 2012, 7:47pm   #3284
Joined May 2012
Re: Boiler Room Scams

[QUOTE=Ainka;1923202]'cause there are certain countries , I don't want to mention them here, which they live quite nice with/ from the corruption. Spanish courts , polices and offices are working very slowly.
But anyway it takes time, even its not connect with spain.[/QUOTE


Hallo Ainka,
anscheinend sind wir Leidensgenossen.. Schlage vor Sie senden eine Mail an:
christina@edis.at

Dies ist für mich eine Zwischenadresse in Graz. Möchte gerne mit Ihnen Kontakt auf nehmen.
mfg uisi71
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Old Jul 25, 2012, 12:01pm   #3285
Joined Sep 2010
Re: Boiler Room Scams

Quote:
Originally Posted by uisi71 View Post
I've heard they are apparantly in New York/NY. I've made complaint already 2 years ago with FBI and Interpol as well as with my Home Attorney(local court). Last response was, that they have not received any response from Spain Police , but mid September I'll get a answer. It takes years to get a result, but rest assure"crime doesn't pay off".
uisi71
Greetings-Keep up the good work with getting these criminals arrested.
I am after them myself. Michael Kashyn, Paul Jensen (said he was dutch-and sounded dutch) Danny Davenport, John Bedford, Brad Mills,John Simon,
Carole Perkins. Alfred Mandel was supposed to be the President of Morgan
Finch-Don't think there ever was any Alfred Mandel. Now-these criminals they
stole in the excess of 100 million dollars from people throughout the World I have been told. Let's exchange views and additional information maybe in a more
private forum.
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