Boiler Room Scams

Did they call you?

Capital Mint Ltd

This is my story;

In March 2009 I saw a Capital Mint Ltd advertisement extolling the merits of investing in Gold Bars and claiming it was a “safe haven in a recession”. At the time, a number of financial gurus were also strongly recommending investing in Gold as a sensible precaution against the volatility of the market and that the value of gold would almost certainly increase in the following years.

On 8th April 2009 I purchased 2 x100 gram Gold Bars for £5,968 and asked Capital Mint to store them for me. If, later, I wanted to sell the Gold bars they claimed they would make the process easy for me by offering a service where they would find a buyer for a small 3% commission.

In March 2011, knowing that the price of Gold had increased by over 50% over the previous two years, I decided to sell my gold bars. Capital Mint at first tried to persuade me to convert the bars to Capital Carbon Credits (whatever they are) but when I said I wasn't interested they told me to put my request in writing and they would advertise my bars on their trading platform. I looked at their Trading Platform (www.capitalmint.co.uk) and was astonished to find that several people were selling their gold bars for around £2,800 per bar. That was £180 a bar less than I paid for them two years ago!

I tried to speak to a director of Capital Mint to find out why my gold bars had decreased in value when the press was saying that gold had increased by over 50%. I was palmed off with a secretary who gave me a ****-and-bull story about how gold in the high street had increased by over 50% but that wasn't the case with gold bars! I asked her how long I could expect to wait before a buyer could be found on their trading platform and was told that it usually took about a fortnight.

Six weeks later my gold bars had not sold and I was beginning to get concerned. Why were my bars not selling for £2,800 per bar when, on the same website, Capital Mint was selling 100g gold bars for £ 3.450? It didn't make sense.

I therefore decided to sell the gold myself and asked them to deliver the gold to me.
This they agreed to do but for a 'same day' delivery fee of £290.00 plus £124.33 storage.
Alternatively they offered a cheaper option of an overnight courier (£13.70, plus storage) but I would have to take the risk of the gold being stolen, in which case there would be no compensation available from the courier company.

I decided to travel down to London and collect the gold myself.

When I arrived at their office in Bold Street, London, the gold wasn't there; this was in spite of numerous telephone calls and confirmation emails. I was furious – I had just spent £120 on a railway ticket and asked to be refunded. This was denied on the grounds that I had not received a written confirmation from them that the gold would be available on that date; totally ignoring the phone calls and emails I had sent confirming my time and date of arrival. Eventually I left with just one gold bar which apparently belonged to a lady who was prepared to wait a few extra days. This meant having to return to London at a later date to collect the second gold bar.

A few weeks later I tried selling my bars to several dealers but they would only buy gold bars from 'listed' manufacturers – needless to say the Capital Mint gold bars were not 'listed'. In the end, the only way I could get a realistic price for these bars was to sell them back to the original manufacturer, via their agent.

I eventually sold them for £5,830 (2.5% less than I had originally paid for them two years before). And when the cost of storage, the numerous telephone calls, emails, letters and the train journey down to London are added then it represents a very poor investment indeed.

I strongly advise everyone to stay well away from Capital Mint Ltd.

BUYERS BEWARE!

P.S. My gold bars can still be seen on Capital Mint's trading platform being sold for £2,800 each!! (Reference: CM681).


Roger Wigram
 
Capital Mint Ltd

This is my story;

In March 2009 I saw a Capital Mint Ltd advertisement extolling the merits of investing in Gold Bars and claiming it was a “safe haven in a recession”. At the time, a number of financial gurus were also strongly recommending investing in Gold as a sensible precaution against the volatility of the market and that the value of gold would almost certainly increase in the following years.

On 8th April 2009 I purchased 2 x100 gram Gold Bars for £5,968 and asked Capital Mint to store them for me. If, later, I wanted to sell the Gold bars they claimed they would make the process easy for me by offering a service where they would find a buyer for a small 3% commission.

In March 2011, knowing that the price of Gold had increased by over 50% over the previous two years, I decided to sell my gold bars. Capital Mint at first tried to persuade me to convert the bars to Capital Carbon Credits (whatever they are) but when I said I wasn't interested they told me to put my request in writing and they would advertise my bars on their trading platform. I looked at their Trading Platform (www.capitalmint.co.uk) and was astonished to find that several people were selling their gold bars for around £2,800 per bar. That was £180 a bar less than I paid for them two years ago!

I tried to speak to a director of Capital Mint to find out why my gold bars had decreased in value when the press was saying that gold had increased by over 50%. I was palmed off with a secretary who gave me a ****-and-bull story about how gold in the high street had increased by over 50% but that wasn't the case with gold bars! I asked her how long I could expect to wait before a buyer could be found on their trading platform and was told that it usually took about a fortnight.

Six weeks later my gold bars had not sold and I was beginning to get concerned. Why were my bars not selling for £2,800 per bar when, on the same website, Capital Mint was selling 100g gold bars for £ 3.450? It didn't make sense.

I therefore decided to sell the gold myself and asked them to deliver the gold to me.
This they agreed to do but for a 'same day' delivery fee of £290.00 plus £124.33 storage.
Alternatively they offered a cheaper option of an overnight courier (£13.70, plus storage) but I would have to take the risk of the gold being stolen, in which case there would be no compensation available from the courier company.

I decided to travel down to London and collect the gold myself.

When I arrived at their office in Bold Street, London, the gold wasn't there; this was in spite of numerous telephone calls and confirmation emails. I was furious – I had just spent £120 on a railway ticket and asked to be refunded. This was denied on the grounds that I had not received a written confirmation from them that the gold would be available on that date; totally ignoring the phone calls and emails I had sent confirming my time and date of arrival. Eventually I left with just one gold bar which apparently belonged to a lady who was prepared to wait a few extra days. This meant having to return to London at a later date to collect the second gold bar.

A few weeks later I tried selling my bars to several dealers but they would only buy gold bars from 'listed' manufacturers – needless to say the Capital Mint gold bars were not 'listed'. In the end, the only way I could get a realistic price for these bars was to sell them back to the original manufacturer, via their agent.

I eventually sold them for £5,830 (2.5% less than I had originally paid for them two years before). And when the cost of storage, the numerous telephone calls, emails, letters and the train journey down to London are added then it represents a very poor investment indeed.

I strongly advise everyone to stay well away from Capital Mint Ltd.

BUYERS BEWARE!

P.S. My gold bars can still be seen on Capital Mint's trading platform being sold for £2,800 each!! (Reference: CM681).


Roger Wigram

I'm afraid you were well stitched up. Regardless of how you look at it gold has gone up in price since you bought, check out the attached chart (its the spot gold price v US dollar). The vertical red line is denotes the rough date when you bought.

There are plenty of companies like this around nowadays, gold, diamonds, carbon credits, shares, you name it, all of them are out to fleece you. I'd guess that, having fallen for it once, you have probably been receiving other calls about 'investments'. Have nothing to do with them, they are only after your money.

Have you tried to complain to trading standards about this? Possibly a waste of time but you might still want to give it a go.
 

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What a disgrace of a company Capital Mint is.

In future use a good company like ATS Bullion, that's where I buy all my Gold. Krugerrands are always the best, far better in general than bars.
 
I see a few more crooks are off to jail. They were selling shares in a property investment company and, it appears selling Tesco shares, though all you received was thin air. It also seems there was a tenuous link with the Royal Petroleum scam that we heard so much about here.

http://www.dailymail.co.uk/news/art...fleeced-elderly-boiler-room-fraud-jailed.html

http://boards.fool.co.uk/royal-petroleum-corp-10396371.aspx?sort=whole

The Police have really beefed up their operations against the Boiler Room thieves.

I really wouldn't like to be one of them these days.

Imagine living in fear 24 hours a day, 7 days a week, 12 months of the year, from that 'knock' at the door?

But think of the bright side Boiler Room thieves because WHEN that happens at least the lies will be over as you'll be able to tell your wife/girlfriend what you've really been up to.

Plus, think of the humiliation that your parents will have to endure as your name and trial AND sentence is published in ALL of the UK papers. Think back to when you told your parents (and they proudly told their friends) that you were a 'stockbroker' but then they find out you were just a lying lowlife of a thief whose speciality was stealing from retired people.

My advice is simple - throw in the towel, quit lying and stealing for a living. But do that and you'll only be half way out because in your mind you'll still be a THIEF. However, there is a way to cleanse yourself, to feel good about yourself, and to stop ruining peoples lives.

All you have to do is anonymously contact http://www.actionfraud.org.uk/ and tell them all you know and I mean ALL you know including who you worked with, where you worked, and where everyone lived etc. Do that and I guarantee you can get on with your life in a normal manner PLUS feel good about yourself for DOING THE RIGHT THING.

Failure to do the above means that KNOCK at the door WILL come and so will the your TOTAL humiliation as EVERYONE will know what you really are, and again that's nothing but a lying thief who specialises in stealing money from retired people.

Plus, when your name IS in the papers many of us on this board will be cheering :clap:

So again, DO THE RIGHT THING - QUIT LYING ALL THE TIME - QUIT STEALING AND THEN TELL THE POLICE EVERYTHING YOU KNOW. Doing this will mean you help people keep hold of their money and stop their lives being ruined.
 

The conmen thieves at Golds Asset Managers have taken down their telephone number. Who would have thought of that when they tried really hard to convince people they were legit.

PLEASE LISTEN TO US ON THIS THREAD/BOARD EVERYONE.

We know what we're talking about and are here to help you keep hold of your cash.

If you're unsure of ANYTHING then please post your questions here and we'll tell you if you're being setup or not.

Sometimes we're a bit harsh but it's only for the good of some people. The boiler room scum are normally charming and pleasant yet they STEAL money. Would you rather some of us be a bit nasty yet you keep hold of your cash...........

So don't be scared of a faceless keyboard warrior like me, get asking those questions!
 
Has anyone else been contacted by Green world services, selling CTS carbon trace services. They have stopped calling after I hung up on them a number of times.
 
Has anyone else been contacted by Green world services, selling CTS carbon trace services. They have stopped calling after I hung up on them a number of times.

No, but 99% of people calling about carbon credits are scammers. You should beware John!
 
I had one a week or so ago called green something, never heard so much bull in all my life even managed to get the olympics in there :)

Sometimes I listen for entertainment value I WOULD NEVER BUY any of their crap!!!
 
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Listen to Tim3, he knows the score.

But for the people who do business with the Carbon Credit (scam) firms, when they lose their money (and they will with about a 95% probability) then to please don't go blaming the company and the 'charming' salesmen you spoke to. The real person to blame can be found when you look in the mirror.

Why did you lose money? Well, your two big mistakes were -

1) Lack of basic common sense in not realising that 99% of cold callers are scammers, whether they work for legit or illegal firms, and

2) Relying on the 'salesmen' of the company for your research. Or to put to another way, failure to do your own independent research.

Do you really think in this day and age that a salesmen from a cold calling firm is going to have your best interests at heart when he KNOWS you know nothing about carbon credits?

Of course not which is why he's going to sell you something for say £1,000 that's probably worth about £10. The beauty of this for the salesmen is that you won't even realise you've been ripped off.

This is why these scammers love to come back and try to take their marks for more, and many of them bite thinking their original investment is doing great.

But who says it's doing 'great'? Oh yes, it will be the (scam) company you've been doing business with! But have you ever heard of fake letters, fake statements etc. Think about it, even a monkey can put an extra 3 zeros on a spread sheet and the press send to email it out.

YOU'VE ALL BEEN WARNED.

STAY AWAY FROM COLD CALLERS HOWEVER 'GREAT' THEIR EASY MONEY MAKING IDEAS SOUND.

STAY AWAY FROM CARBON CREDIT TRADING - 99% OF FIRMS ARE SCAMMERS.

If in any doubt please ask your questions here, we'll help you keep hold of your cash :)
 
has anyone been approached by Powerhouse Corporate Finance regarding Skynet Telematics shares?

NO, but the rule of thumb here is if you have to ask about a company then 99.99% scam.

But with this one it's 100% scam, just look at the ludicrous name of the company.

Stay away unless you want your money stolen, everything they say is a lie including the name of the company, that's just made up.

If you want proof then consider this. From the 'company's' website they say they've been in business since 2003. But their website was only first registered just 2 months ago.

Like I said, Powerhouse Corporate Finance www.powerhousecorpfinance.com are nasty scammers and thieves. They set people up with a load of lies in order to steal their money.

YOU'VE ALL BEEN WARNED.

PS. Use this site to find out when a domain was first bought/registered - http://www.domaintools.com/
 
has anyone been approached by Powerhouse Corporate Finance regarding Skynet Telematics shares?


Hi,
if you have "invested" money , make directly a money- recall over your bank - since they are new, you have the chance to get it quick back.
100% thieves.
If you are able to fetch the account-details of them ( the reciever-account) it will be very kindly if you post it here. We do need this infos to help around.
Should you need help, you tell it please here.

Thank you
 
LAND BANKING WARNING

be very careful everyone if you're thinking about buying a plot of land in Stanstead offered by -

Asset Land Inc

http://www.assetlandinc.com/

Ask yourself this question -

WHO IS TELLING YOU THAT PLANNING PERMISSION IS LIKELY TO BE GRANTED?

Is it the company who's trying to sell you the land? If so can I recommend you contact the planning department at Uttlesford District Council and ask for their views on the land in respect to potential planning permission.

I'd also contact the local parish Council because they know ALL about the land and it's prospects.

So if you do your own INDEPENDENT RESEARCH I think you might find there's a MASSIVE difference in opinions between what the company selling the land is saying and the people and organisations that have the POWER to grant planning.

Also, as a side point for anyone interested in buying these plots of land (that are 'sure' to 'soon' get planning permission). What do you really know about the planning process in this country? Chances are you know NOTHING which is why you're ripe for exploitation..............

YOU'VE ALL BEEN WARNED.
 
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Just to let you know that the banks we wrote to again, as we suspected did not answer us.They are Banco Santander Uruguay and Banco del Pichincha Equador South America.
 
Just to let you know that the banks we wrote to again, as we suspected did not answer us.They are Banco Santander Uruguay and Banco del Pichincha Equador South America.

Dear Aggie,

you wrote "we wrote", do you state you and lawyer?
Shall post you in a few minutes some guide line on how to tackle the issue.

regrads
JSmile(y)
 
Just to let you know that the banks we wrote to again, as we suspected did not answer us.They are Banco Santander Uruguay and Banco del Pichincha Equador South America.


Dear Aggie,

did not expect banks, especially in that part of world to react much, but read below:

If you want to fight back – go at the banks first – this is the way forward – a roadmap if you will – here is how – read this very interesting methodology and way to do it.

http://www.gowlings.com/resources/PublicationPDFs/SmithB_CivilFraudArsenal.pdf

Bruce Smith and the boys at Gowlings aren’t gun shy – just do it. If you have been hit – fight fight fight!!!!

It very much depends on how much you lost and deem it to go behind them!

Kind regards and good luck
JSmile(y)
 
has anyone been approached by Powerhouse Corporate Finance regarding Skynet Telematics shares?

No, but regard strangers on the end of the phone line as crooks, liars and low lifers. This particular outfit (www.powerhousecorpfinance.com) have only signed up for 1 year to scam people and they are the same people (person?) who set up www.fishercapitalmanagement.com and www.richmondgrant.com, and those are the ones we know about. They are operating out of Kuala Lumpur. Suggest you send them an e mail telling them what you know. You will not get a reply.

friday76
 
Yep, Powerhouse Corporate Finance are well known scammers and thieves. Stay away everyone unless you like to have your money stolen from you.

Everything they say, EVERYTHING is a lie designed to con money out of people.
 
Watch out for this one -

A company called FWW Limited (I think) of Mayfair (they make a big song as dance about them being located in Mayfair).

Selling tax-free investments on..............

WINE!

Now, for anyone that knows anything about scams, Wine has been a big one over the last decade.

Typical cold calling trash, reading from a script, not prepared to tell you anything about the company and its product, wanting to send information to you (to get their hooks into ya).

So here's the summary - DO BUSINESS WITH A WINE INVESTMENT 'COMPANY' AND BE PREPARED TO BE STUFFED UP.

No ifs and no buts.

You WILL be legally scammed at best and illegally scammed at worst. But whether legal or illegal you WILL lost most if not all of your money.

YOU'VE ALL BEEN WARNED - STAY WAY FROM COLD CALLERS OFFERING INVESTMENTS (land, stocks, options, futures, wine, property, carbon credits et al).
 
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