Regulation s Share

This is a discussion on Regulation s Share within the First Steps forums, part of the Reception category; Hi all, I am new to this site and i wonder if anyone can help or had similar experience with ...

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Old Nov 25, 2008, 4:53pm   #1
 
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Regulation s Share

Hi all,
I am new to this site and i wonder if anyone can help or had similar experience with Reg s shares.
I was sold some shares in a company called City network inc about 3 years ago by a company called intersecurities based in Germany.
I was abit naive then as i did not really know what reg s shares were. All i was told was that i would not be able to sell the shares for I year by which time the share should have appreciated ant i can then sell them off if i wish.
The value of the shares went up initially and i gradually faded to nothing. and i had already classified these as a bad loss and inexperience.
A year ago i got a call from another company that they have taken over all the clients from the original company and they were goung to send me some documents to effect the change. I did not receive those documents.
On friday, i got a call from compamy called cookcp.com. Who are claiming be a company dealing in mergers and accusations. apparently my original stock were 1 for 20 and i now own 30000 stocks which they are willing to buy off me as part of the merger and accuisition. The stocks are now vallued at $2.25 .== $67500
broken down as follows
Stock Legend registration .20
Stock Legend Registration amount Due 6,000.00
purchase Price 67,500.00
Seductible Commission fee (2.6%) (1,755.00)
Refundable Stock Legend Regustration 6,000.00
Sellers Completion Sum 71,745.00

My reaction to this is this is another scam.
I have called the number given and the phone was answered by a lady who put me through to the guy who contacted me on friday.
I told him i needed to get the company checked out and that i have giveen the documents to my husband who is a solicitor to look over.
He said he would be glad for him to call him tomorrow to ask and answer any questions.

Any advice please


Many thanks

Aderonke
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Old Nov 25, 2008, 6:11pm   #2
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You're right to believe it to be a scam because IT IS, 100% no doubt about it.

Personally you'd be wasting your time talking with the guy because chances are he's going to be a smooth talker but in reality is a low life thief.

The scam works simply. You'll be offered a fantastic price for your shares, which it looks like you alread have BUT before you get the money you'll be asked to pay money to release the shares, some sort of bond or insurance.

PAY THAT MONEY AND IT WILL BE STOLEN FROM YOU.

If you want to mess the scammers around try and get their bank account details, then call the bank up and tell them the account is being used by scammers and money launderers, they should investigate and freeze it.

PS. The people that are calling you are probably the same scammers that sold you the shares in the first place.......
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Thanks! The following members like this post: Hoggums , luckyd1976
Old Nov 25, 2008, 6:14pm   #3
 
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aderonke started this thread
Quote:
Originally Posted by anley View Post
You're right to believe it to be a scam because IT IS, 100% no doubt about it.

Personally you'd be wasting your time talking with the guy because chances are he's going to be a smooth talker but in reality is a low life thief.

The scam works simply. You'll be offered a fantastic price for your shares, which it looks like you alread have BUT before you get the money you'll be asked to pay money to release the shares, some sort of bond or insurance.

PAY THAT MONEY AND IT WILL BE STOLEN FROM YOU.

If you want to mess the scammers around try and get their bank account details, then call the bank up and tell them the account is being used by scammers and money launderers, they should investigate and freeze it.

PS. The people that are calling you are probably the same scammers that sold you the shares in the first place.......
Thanks a lot.
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Old Nov 26, 2008, 10:33pm   #4
 
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I have had a similar call. The company claims to be based in Tokyo and is called 'Cook Capital Partners'. Since there is a sum involved in escrow I was also very dubious. Any advice greatly appreciated. This would have made my day!
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Old Nov 27, 2008, 9:37am   #5
Joined Dec 2003
Bear

You're being setup for a scam please learn from your mistakes as you've already been scammed in the past.

People that cold call you offering you riches are THIEFS but of course they'll all appear to be 'on your side' and charming and the money so easy to make etc. But ever thought for a moment how far a thief would get if they were rude to their marks on the phone..........
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Old Nov 27, 2008, 9:58am   #6
 
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Originally Posted by bearMedicine View Post
I have had a similar call. The company claims to be based in Tokyo and is called 'Cook Capital Partners'. Since there is a sum involved in escrow I was also very dubious. Any advice greatly appreciated. This would have made my day!
Hi Bear,
This is the same company that called me. They had created a client account for me on their website. The Guy who called me was Jack Russell. He was supposed to call my husband who i told him was a solicitor yesterday but the call did not come through.
Do you have the same contact? Which company did you buy shares in orriginally?.
I think i will try and play them at their Game for a while . I will try and get as much info as i could about them but will not be giving them a penny of my hard earned cash never again.

Ronke


Jack Rosewell
Senior Vice President of Accounts
Cook Capital Partners
Phone: + 81 (3) 4550 0325
Fax: + 81 (3) 4496 5013
jack.rosewell@cookcp.com


Cook Capital Partners
Bank of Tokyo-Mitsubishi UFJ Roppongi Building
1F 4-9-7 Roppongi, Minato-ku Tokyo
Phone: + 81 (3) 4550 0325
Fax: + 81 (3) 4496 5013
eservice@cookcp.com
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Old Nov 27, 2008, 3:40pm   #7
 
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Hi Ronke

Yes that is exactly the same details as my letter, and I boought my 'shares' initally through Intersecurities as you did.

I am following the same strategy as yourself, to get as much information as possible so that I can pass this on to the City branch of serious fraud office or similar. I have good business connections in Japan so hopefully have an avenue for them to be persued that way if they do actually turn out to be based there.

Thanks to others for their warnings and comments. I will definietly not be taken twice by the same a**holes who got me the first time around!

Best, Bear
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Old Nov 27, 2008, 4:05pm   #8
 
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aderonke started this thread [QUOTE=bearMedicine;581200]Hi Ronke
Hi Bear,
I received another document from the so called Jack today because i told him i wanted more information on the compant Cook capital. He said he will give send me a secured Escrow Guarantee issued by the japanese authority. I could not log on to the web address so iam guessing it is fake.
My next step is to ask them for the bank detals to remit the funds to......
They seem to be using a lot of bank buildings.

Pls let me know what your friend finds out in Japan

Aderonke

Central Registration Department HSBC Building 11-1, Nihonbashi 3-chome, Chuo-ku, Tokyo - JapanPhone: +81 (3) 4588-8790 Fax: +81 (3) 4496-4886 Email: registration@centralrd.orgWebsite: http://www.centralrd.org/SECURED ESCROW
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Old Nov 27, 2008, 5:13pm   #9
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Their bank accounts are always the weak link, without being able to collect the money they have no business.

get the account name and number, which incidentially will not be named 'Cook Capital Partners' which should sound alarm bells anyway. Call the bank up, chances are it will be in Hong Kong, ask to speak to compliance, tell them what is happening and say if they look at the money coming in, most of will be from the UK in less than £10 amounts, the money will also be quicly wired out or withdrawn in cash all over the far east, probably Bangkok.

That should do enough to put a temp freeze on the account pending further investigation and with any luck money already in the account will NEVER reach the scammers.

Good luck in messing these scum around
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Old Nov 27, 2008, 5:16pm   #10
Joined Dec 2003
One way to spot a scam company is to see how long their website has been registered

Cookcp.com - Cook cp

From Crook's website, sorry I mean Cook's -

"Cook Capital Partners is a mergers and acquisitions specialist. We have successfully completed hundreds of business sales and mergers in a variety of industries and locations over the past decade."

Mmmm, so how come the website was first registered in September 2008
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