Wheeler Asset Management

New member here, seeking information on Wheeler Asset Management (WAM), allegedly based in Geneva.

Long story short... I am potentially a victim of a couple of Eden Brown IPOs (Ridgeback and Viridis) and have recently been contacted by someone claiming to be from the SEC informing me that I may have been 'mis-sold' the shares and that they are investigating. The individual passed my details on and yesterday I got a call from someone claiming to be from Wheeler Asset Management who asked me to e-mail him details of the number of shares I purchased (fortunately not many).

However once bitten twice shy. I cannot find WAM via Google, and don;t understand why I would be cold called with offers of help - life isn't like that.

Grateful for any tips and advice, and any info on Ridgeback and Viridis

Thanks

Andy1958 said:

New member here, seeking information on Wheeler Asset Management (WAM), allegedly based in Geneva.

Long story short... I am potentially a victim of a couple of Eden Brown IPOs (Ridgeback and Viridis) and have recently been contacted by someone claiming to be from the SEC informing me that I may have been 'mis-sold' the shares and that they are investigating. The individual passed my details on and yesterday I got a call from someone claiming to be from Wheeler Asset Management who asked me to e-mail him details of the number of shares I purchased (fortunately not many).

However once bitten twice shy. I cannot find WAM via Google, and don;t understand why I would be cold called with offers of help - life isn't like that.

Grateful for any tips and advice, and any info on Ridgeback and Viridis

Thanks

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There will always be a few follow up scams after the initial one. Its said that people lose more money to follow ups than they do on the initial scam. I'd say they are setting you up for an advance fee fraud, they'll say they can help you get rid of these shares but you have to pay the tax to them first. Of course when they get your money they'll disappear with it.

Anybody that calls you about these shares will be a criminal attempting to steal from you. Don't fall for it, regardless of the excuses they give you.

Andy

The first thing you must realise is that you are not a potential scam victim, you ARE a victim. YTOur money has been stolen from you and the shares you bought are worthless, they have always been worthless.

As PB says, you;re being targetted again on the logic that if you're naive to fall for a scam once, you're naive to fall for it again. Please don't take offence to what I say because you must realise 100% what's gone on and going on, otherwise you're going to be tricked time and time again.

The best thing to do right now is 1) write off the loss, you are never going to get a single penny back, and b) NEVER AGAIN INVEST IN THINGS YOU DON'T UNDERSTAND FROM COMPANIES THAT COLD CALL YOU WITH TALES OF EASY MONEY.

Good luck, and if in any doubt ask here. We'll help you keep your money safe even though sometimes we're hard on you. Remember, the scammers charm you, yet theyt steal your cash.....

good advice by the 2 posters above - you'd be a fool not to folloe it and learn from the whole experuence. Hang up on all cold callers or better still have a whistle by the phone and blow it as loud as you can down the phone.

G/L

the follow up is the oldest trick in the book ......and very effective as you are indeed still vunerable and looking for answers and help

sorry to hear about what you went through

N

I appreciate the replies and absolutely no offence taken. I may be dumb enough to fall for a scam once but thanks to your advice I won't be doing it again. Do I have any recource to anyone to try to recover my losses, or do I just move on?

move on and take a lesson. as it's hard for you to find them back. maybe others have good idea. but it's really hard to make it happen.

Serious Fraud Office might be interested. You have a duty to report a crime committed in the UK,the FSA might be the place to start. Sorry for your experience,it's hard enough for any of us.