Boiler Room Scams

This is a discussion on Boiler Room Scams within the Educational Resources forums, part of the Trading Tools category; Originally Posted by DTTT I did check on Indian and Singaporean regulator websites and Alliance Direct do not appear anywhere. ...

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Old Aug 30, 2012, 5:12am   #3377
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I did check on Indian and Singaporean regulator websites and Alliance Direct do not appear anywhere. Their name is similar to Alliance Global Management who apparently were a "boiler room" operation. The share volumes are nearly non-existent for long periods. I actually work in trading industry so have access to good quality market data. This was one of the things that made me suspicious. Basically - no license no trade will be my line should they call me back.
Let them pitch you and go along with them...let them send you a confirmation of trade and then send their banking wire instructions to your regulator and their regulator. You shut down their account you shut them down temporarily. Banking is the key.
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Old Aug 31, 2012, 7:27pm   #3378
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Has anybody been approached by Pacific Capital Management offering to trade American Utilicraft Shares recently.
This American Utilicraft was a part of the scam I got caught in about 6 or 7 years ago. I've had plenty of these characters having a go at getting me to part with money to trade the non-existent Linsure Holdings shares ever since - no chance! .
This is the first time anybody has tried to get me to part with more money on the back of this American Utilicraft, which was another part of the same scam, but it makes me wonder if the jokers who set up the Linsure scam have resurfaced I'm sure they've been busy on other things but do they really think they can still get you on the same scam so many years later?. If so, I hope nobody else gets caught up with them.
These guys are claiming to be selling American Utilicraft Corporation and, guess what, you have to pay to have the Reg S shares deregulated before they can be traded. Thought they'd have gone for something new.
They also refer you to the 'Equities Trading Commission', described as the Government appointed regulator, based in Washington. You've been warned.
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Old Sep 2, 2012, 11:59am   #3379
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US Regulator for equities is the SEC. Typical that they try something "close to the truth", but a lie all the same. In the equity thing they told me that they'd "inside information" that hadn't yet been made public. I think there's a bloke from Galleon who knows about that topic - ie Insider trading!
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Old Sep 3, 2012, 3:23pm   #3380
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These Norton Scientific Shares are used by a scammer-ring ! 100%

Last edited by EK1; Sep 11, 2012 at 12:04pm. Reason: Legal reasons
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Old Sep 3, 2012, 7:52pm   #3381
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All, I accept the fact that i got scammed, now what can I do about it ? Where can I report it ? who can I go to, where can I make an official complaint and hand over all docs etc so someone can stop these scumbags. I will make effort to try to stop them.
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Old Sep 5, 2012, 8:14am   #3382
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All, I accept the fact that i got scammed, now what can I do about it ? Where can I report it ? who can I go to, where can I make an official complaint and hand over all docs etc so someone can stop these scumbags. I will make effort to try to stop them.

Hi Mollig,
Contact me please over my email-box here.
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Old Sep 7, 2012, 6:25pm   #3383
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If a real name of an boiler room operator were revealed , he is a brit but all i have is a name is there anyone who can trace details of this scumbag, ie passport etc . police refuse to reveal anything at all even though they are aware of him. I would appreciate any advice.
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Old Sep 12, 2012, 12:45pm   #3384
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If a real name of an boiler room operator were revealed , he is a brit but all i have is a name is there anyone who can trace details of this scumbag, ie passport etc . police refuse to reveal anything at all even though they are aware of him. I would appreciate any advice.
Hi jblonde, Hi Mollig,

the problem is everytime the same. If you report it to the police ( what is anyway good to do), it doesn't bring you back any money. If you lost just a "bit", what is for everybody a different thing, you can't do anything, 'cause the costs of a lawyer are very high. Mollig : for you it isn't renatble forget about it. The best is to report to the police or special unity ( corruption/money-laundring) of the place ( country and city), where the account is, on which you paid your "investment" and forget about your money.
I wanted to take contact with you over the email box, but you didn't agree to the point "receiving emails".

Jblonde : I don't know, how much you lost, and if it is for you rentable to do legal steps. You can contact me under the mailbox, if you wish. The real names you will
only see them if a lawyer will do a pharmacal order and if the court agree to it.
All the other blablablabla is bull****. Only with this you will see the identity of the persons, maybe. Mostly you will find only the poor guy, who was opening an account for the criminals, just to earn few money.

I don't want to frustrate you, but for me it is exactly the same.
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