Boiler Room Scams

Mollig,
I don't know Crown Capital Management but the fact that you're asking is encouraging.
General indication that it's a scam:
If they cold called you with an offer of making an exceptional return on an investment.
If they are not UK based, registered with the FSA.
If their address is just a serviced office somewhere. (Easily checked) It could be in London. There is no check whatsoever on who is using these serviced offices as postal addresses.
If they claim to be UK based but don't accept your proposal to meet them at their office the next day.
If they claim that they are authorized by some overseas authority. Almost certainly it's either non-exstent or they're not registered.
If they ask you to send money to an overseas account- even if it's a well established bank. The banks don't have any control oer who opens an account with them.
If they tell you this is a start-up company which is going to be floated in the near future.
If they claim somebody wants to purchase existing scam shares you are holding for tax loss purposes.
If they tell you your money will be held in an Escrow account.

The fact that they cold call you with this amazing offer is actually enough to make you put the phone down but most people can't resist listening to their
bull---- . My advice is don't go there. Hope you haven't already thrown your money into their black hole.

I have a simple rule just as I NEVER buy on the doorstep,I NEVER buy from cold callers on the phone either.

Frankly I am already annoyed that they have disturbed me when I am doing other things or relaxing.

Think of it this way if the phone company said do you want to opt into recieving sales calls from people you don't konw trying to sell you stuff you would hardly say yes thats a service I would like!

OMG!! Why are there so many names listed? Are they all boiler room scams? How can so many companies be doing shady dealings? The rules and regulations clearly need updating and quickly!!

There are rules and laws, however criminals have a nasty habit of disregarding them. There are hundreds of names but probably a much smaller number of criminal groups running them. As soon as one of them gets exposed they just make up a new name and start again.

It's absolutely unreal that more is not done to stop this!! How can an economy thrive when millions of pounds are disappearing out the financial system to fraudsters overseas?? Why are we in the EU and why do we pay the salaries of MEPs if there is no jurisdiction or legislation to prevent these people from operating??

hi,
I was sucessful in getting money back from hong kong

contact me for details unfortunately I only read your post now

Well done Kathleenleon!! A success story. Thank you for letting me know. Maybe we will be successful too?