Boiler Room Scams

This is a discussion on Boiler Room Scams within the Educational Resources forums, part of the Commercial category; Israel: World Online Fraud Center “The wolves of Tel Aviv” is the headline on the Times of Israel—an article published ...

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Old Apr 13, 2016, 9:17pm   #4241
 
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Israel: World Online Fraud Center

“The wolves of Tel Aviv” is the headline on the Times of Israel—an article published by the Jerusalem-based newspaper which openly admits that Israel is the center of the world’s “binary options” fraud scam—a practice so illegal that the US has outlawed it.

The Israeli binary options “industry” specifically targets non-Jews in Europe, Africa, and the Middle East, brings in over a billion dollars, and employs thousands of Jews cheating “naive would-be investors via a range of corrupt practices.”
http://newobserveronline.com/israel-...-fraud-center/



The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed

An industry turning over hundreds of millions of dollars, employing thousands of people, is cynically cheating naive would-be investors worldwide via a range of corrupt practices. It is doing terrible harm to its victims, and it risks doing the same to Israel’s reputation

http://www.timesofisrael.com/the-wol...-scam-exposed/
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Old Apr 15, 2016, 4:24am   #4242
 
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Value Management Asia - Scam

Yes, absolutely back out of the deal......dont think twice. I've had these clowns from Value Management Asia call me several times as well. Of course they are offering a great trade with a stock, SMRT technologies, who Apple are about to sign with. Get in tonight etc as the stock will go up from $2.75 to $4.00. The brokers name is Alexander Young. Hang up if these guys call....tell them you want a $1M position (or have some fun with them) to get them excited then just hang up.
Based in Seoul for a reason...hard to track down.
What stock broker uses an over the phone trading regimen? It just doesn't stand up.


Quote:
Originally Posted by JCW19866 View Post
Hey all,
I received a couple of calls by a firm named Value Management Asia Inc. in Seoul, South Korea. They lured me into opening an account and buying shares of a company named Astor Explorations.

After a couple of discussions I thought to give it a try and received later a call from Florida in the states where according to them I repeated on tape that I agree to by before mentioned shares.
I was sceptical from the beginning and still am so haven't transferred money yet. What makes it extra suspicious is that after discussing payment terms and instructions a couple of times they eventually offered me to transfer money directly to an account held by Astor Explorations. Why would I transfer money to a company I want to by shares of?

I feel I should back out of this. Do I need to worry at all due to before mentioned recorded call?

Your opinion is highly appreciated.

Regards
J
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Old Apr 20, 2016, 4:33pm   #4243
 
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Phone call today 20th April 2016

I like quite a few other purchased shares in Paragon GPS and have spoken to all kinds of people over the years.
Today I received a phone call offering to buy all my shares for around $20.00 each, I think I have around 5000 but I will have to dig out the paperwork. They said all they need was my signature. What do you think they are upto ?



Quote:
Originally Posted by hjsteg View Post
As you I was tricked into investing in this worthless Paragon stock back in 2011. Numerous stock brokers have approached me to help me recover my investment. Most recent by Bacall & Associates regarding my unfortunate investment in Paragon. Their offer is to swap my shares in Paragon for share blocks in a famous american car maker. The problem is that the share blocks are worth more than the offer for my stocks in Paragon, and this difference I have to pay up front.




I guess that is true. I invested a (for me) large sum in Paragon in 2011, and suspect the value today is (close to) nil.
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Old Apr 20, 2016, 5:33pm   #4244
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Originally Posted by ghost1607 View Post
I like quite a few other purchased shares in Paragon GPS and have spoken to all kinds of people over the years.
Today I received a phone call offering to buy all my shares for around $20.00 each, I think I have around 5000 but I will have to dig out the paperwork. They said all they need was my signature. What do you think they are upto ?


Handing out Signatures and Passport Copies IS NOT ADVISABLE
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Old Apr 20, 2016, 6:33pm   #4245
 
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They said I would receive an email within 24hrs I will post contents
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Old Apr 21, 2016, 12:59pm   #4247
 
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Yesterday I got a cold phone call (+44687041575 was the phone number the woman called from) regarding my Paragon stocks. She wanted to offer me $2 a share. I told her clearly that I did not intend to pay any amount of money. But that they could send me information. Not heard from since.

I guess my Paragon stocks are worthless. But I wonder what happened to the stocks.
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Old Apr 21, 2016, 1:17pm   #4248
 
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Probably a bit boring for some but the old adage is true = stick with the blue chip stocks.
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I hear tell you're doing well. Good things should come to you
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Old Apr 21, 2016, 2:16pm   #4249
 
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Attached is the document I have just received about my Paragon shares. Any help would be appreciated.
Attached Files
File Type: rtf Documentxx.rtf (9.6 KB, 42 views)
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Old Apr 22, 2016, 6:46am   #4250
 
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Quote:
Originally Posted by mcfly88 View Post
Yes, absolutely back out of the deal......dont think twice. I've had these clowns from Value Management Asia call me several times as well. Of course they are offering a great trade with a stock, SMRT technologies, who Apple are about to sign with. Get in tonight etc as the stock will go up from $2.75 to $4.00. The brokers name is Alexander Young. Hang up if these guys call....tell them you want a $1M position (or have some fun with them) to get them excited then just hang up.
Based in Seoul for a reason...hard to track down.
What stock broker uses an over the phone trading regimen? It just doesn't stand up.
Just wanted to state that somebody by the name of John Robbins from Value Management Asia also just recently called me with the same offer. It's most certainly a scam. Be careful everyone!
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