Boiler Room Scams

Lee Shepherd

Well-known member
Feb 12, 2008
2,165
570
123
I am not a scammer but a professional who offers a sincere ,honest and invaluable service to retail investors who may be tempted by investment criminals . Please kindly refrain from referring to me as a scammer because false and vindictive accusations are a waste of energy and time .
Oh my gosh, now your just being silly. You've mentioned it twice about being called or referred to as a scammer, please be so kind to extract any of my posts to you that proves this case, if not, be quite as it is you that is throwing around accusations. I did not nor do I call you a scammer, merely stating that your business is not required around these parts and that your intentions of getting business this way is not required by anyone, especially when they get similar service on this forum for FREE.


Also of great importance:

You state blah blah that your the hero to save people money, yet they have to part with cash to get it.....mmmmmm, I'm saying nothing.

Why not identify yourself, you have no profile, no telephone number, no business address, in fact, no nothing, just a male from Gibraltar. I wonder, how many men live in Gibraltar.

Mr Cameron, where is your identity, your business address, your contact telephone number, in fact, you post a copy of your passport, that is what you requested others do, right!

Now get off the pot mate and show your true (business) colours or go home.
 
Dec 10, 2008
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Thanks for that.

I'm sure people can make up their own minds whether or not to pay money to a rude ignorant person like yourself or simply get the info from this forum at no cost whatsoever. Judging by your rudeness, I would rather lose my money to scammers than give it to you....LOL:LOL:

By the way, I never made this a personal thing....you did.

Good day to you.
Mr SHEPHERD ,
I am neither rude nor ignorant , but rather truthful and honest , two traits which are somewhat lacking in this duplicitous material driven world .Furthermore I am not interested in coming across as friendly , because you will find in this life that true friends are few and far between .Like I said all along I am a professional fraud investigator who specialises in exposing investment frauds , such as stocks , land banking , wine , art investments etc .
As I write I currently know of in excess of 20 scams taking place just now , one of which will soon feature in a national newspaper in a month or so .None of these scams are even mentioned in this forum , which tells me a lot of people contributing to this forum don,t really know what they are doing .Hence the reason for my previous offer .

Its plainly clear that professional advice , guidance and help is required .

Now , you have a nice day sir , and leave the scam busting to professionals who know what they are doing .People who get results .
 

Lee Shepherd

Well-known member
Feb 12, 2008
2,165
570
123
Mr SHEPHERD ,
I am neither rude nor ignorant , but rather truthful and honest , two traits which are somewhat lacking in this duplicitous material driven world .Furthermore I am not interested in coming across as friendly , because you will find in this life that true friends are few and far between .Like I said all along I am a professional fraud investigator who specialises in exposing investment frauds , such as stocks , land banking , wine , art investments etc .
As I write I currently know of in excess of 20 scams taking place just now , one of which will soon feature in a national newspaper in a month or so .None of these scams are even mentioned in this forum , which tells me a lot of people contributing to this forum don,t really know what they are doing .Hence the reason for my previous offer .

Its plainly clear that professional advice , guidance and help is required .

Now , you have a nice day sir , and leave the scam busting to professionals who know what they are doing .People who get results .
:LOL:
 
Feb 13, 2008
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I wonder if anyone can confirm how reputable a company called Pennaluna &company is, they say they are Idahos oldest brokerage , and if they would be any good for checking out your pink sheet shares . Thank you
 
Feb 4, 2008
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Hi T2W
You say that Aggie has posted a message to this thread - could you please be a little more precise
'cause there aint no ASggie here up to 10 Dec 2008 ! .
 
Feb 4, 2008
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we had a phone call this afternoon by a lady she said she wanted to speak to my husband I asked who she was she said she was Caroline from a firm called Newberg, she went on to speak to my husband he just listened to her she said she wanted to help him to sell his shares, he said he was not interested, she kept going on saying she did not want to buy them but to advise him on selling them he said I will sell them myself thank you when the restrictions are lifted, she then stated he was burying his head in the sand and should listen to her. We have not had any phone calls for some time I thought we had got rid of them . has anyone heard of these lot I wondered, no doubt they will try again.When is anyone going to bother to catch these people they must pay their phone bills why can they not trace them that way.
Aggie - T2W informed me you had responded to my recent post but unable to trace it !
Sometimes I wonder at the sincerety and or genuiness of these posts and if they are put on simply to generate discussion. Or maybe by the scammers to see the reaction ?! .
However , I will try not to be cynical or naieve in responding. You may or may not be
aware that there is a huge industry in this scamming racket by unlicenced/ unauthorised operators . The Financial Regulators globally have indicated that
worldwide the scammers have netted $14 billion to give you an idea of the extent
of the fraud and crime. Just google Financial Fraud and see what you can turn up !
Every time you receive a call purporting to offer solutions or sell you something an
illegal action has taken place . You have been 'COLD CALLED' and that is an action
whis is outlawed. So you must get full details from the caller , Name , address, phone numberemail address - Name of Broker/dealer . How they got your details and say you will call them back. When you call them back and verifird their authenticity , say you are going to consider the matter and will send a registered letter with your decision. Then simply notify your Financial Regulator and or the police. It seems that the scammers pass lists of potential investors yo each other so your experience in an attempt at a secondary scam.
The Financial Regulators regularly publish lists of the scammers but they also depend on the public/investor to inform of any untowart activity.
My experience recently has been with Boulten Capital, who purport to have an address in Canada and another was Gotthard Capital who purported to have an address in Japan
These lot were offering to destrict those notorious & worthless American regulation S shares subject to rule 144. An awful scam.
The best advice given by the Regulators is definetely NOT to engage with the scammers
or YOU WILL BE SORRY ! As many indeed are.
 

anley

Well-known member
Dec 16, 2003
2,730
229
73
I wonder if anyone can confirm how reputable a company called Pennaluna &company is, they say they are Idahos oldest brokerage , and if they would be any good for checking out your pink sheet shares . Thank you
Aggie, do you know anything about US pink sheets and I mean REALLY know/ Have you spent hundreds of hours researching the market, can you understand all the stock exchange filings the companies make, can you read and disect a balance sheet?

If not then you're cannon fodder because you can bet that the other people on the side of the trade, ie the sellers know exactly what they're talking about and what they're selling.

Tread very carefully and I'd strongly advise that you or anyone else doesn't get involved in things they don't understand.

Good luck anyway and the company you ask about in Idaho look legit but that won't mean they sell you good stocks, well good for them, bad for their clients..........
 
Dec 10, 2008
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Aggie ,
Pink sheet stocks are not worth the paper they are written .They are completely worthless.There is no liquidity in th emarket for them .Scam owners aquire these stocks at anything up to 85 percent discount to the market price and then sell them to innocent , greedy and gullible retail investors .
I don,t understand why the SEC does not put a halt to the trade in these stocks and OTC-BB REG S
If anyone phones you , ask them what their financial regulation license number is and where they are regulated , after that do your due diligence .If you need help let me know .
For all american microcap stocks , check its historical trading data , SEC filings , balance sheet etc .If its an pre-IPO stock , don,t touch it with a barge pole .
Aggie , do your homework .
A Cameron
 

Lee Shepherd

Well-known member
Feb 12, 2008
2,165
570
123
Aggie,

Be aware of wolves in sheeps clothing. There are people out there that will charge you for finding out what you can readily achieve yourself if you do your due diligence. Failing that and if you're not sure where to start you can post your findings on here and I amongst most others will do there best to check for you and at no cost to yourself.

DO NOT PAY ANYONE FOR A 'SERVICE' THAT HELPS YOU DETECT SCAMMERS
 
Feb 24, 2005
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London
Aggie,

Be aware of wolves in sheeps clothing. There are people out there that will charge you for finding out what you can readily achieve yourself if you do your due diligence. Failing that and if you're not sure where to start you can post your findings on here and I amongst most others will do there best to check for you and at no cost to yourself.

DO NOT PAY ANYONE FOR A 'SERVICE' THAT HELPS YOU DETECT SCAMMERS

Lee,
Looking back at recent postings on this site, it worries me that Aggie still seems to be unconvinced despite apparently losing everything to one of these scum. What do you have to do to convince people to put the phone down on cold callers and people offering costly services to detect scammers. We can all detect them. The question is what we do when we find them.
One small piece of good news appeared in the Telegraph this week. Jerome Herzberg was jailed for 3 years and 4 months for his part in a £60m share scam in Hong Kong. Great that he was caught but strange thing is they didn't manage to track down any of the funds he laundered, so in a couple of years this scum can carry on where he left off and still enjoy his £millions. Shame they didn't hang him.
Also look out for Steed and Associates Inc. offering some wonderdeal for American Utilicraft shares. This was all tied in with the Linsure scam so it looks as if Taylor and his idiots are still about. They must be desparate to try to get this one going again.
 
Feb 13, 2008
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we put the phone down on all cold callers by the way for over a year now, but we do try to fine out who they are if we get a call so we can report them . So other poor people wont lose their money like we did, unfortunatly we knew nothing about boiler rooms or this forum when it happened to us . Just unfortunate innocent trusting people . Not only do you lose all your money but you get called greedy when its the scammers who are greedy, and a little bit of compassion wouldnt go amiss.
 
Feb 24, 2005
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London
Aggie,
Very pleased to hear you are putting the phone down on them. I was under the impression you were still hoping that one of these cold callers was going to be the good guy and get your money back for you. It won't help you but it's important to know that I and many of the contributors to this site (plus about 30000 people per year form what I have read) have been taken in by these scams. I know from personal experience it is not greed but innocence and trust which leads you to 'invest' in what you think is a reasonably safe deal wth potential for better than average returns. It is also my experience that many people chase the hope that they can get back their life savings and are bitterly disappointed. As somebody who, like you, found this site and others before that happened, I am very keen to stop anybody lining the pockets of these thieves. As Lee has warned, there are people who use these sites to draw more unsuspecting people in so my approach now is to give my trust to nobody until they have earned it.
 
Jul 27, 2004
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europe
Hi folks,

My my it has got a bit heated in here hasn't it! I have been trying to get money back on some of my investments over the years, some successful, some not. Most of it from pink sheets and OTC BB, but more recently property. What I have discovered from experience whilst there is more info now available becuase of the web, there is also a lot more scamming going on. Never trust just one source or one person. Research the person or investment you are dealing with. What does appear to have popped up is the boiler room scammers seem to be diversifying more and more into other things as the regulation tightens up, I found this from a property blogger earlier Investment Property Rumours: Fortuna Land and Oanna Group – How It All Started and am astonished to find the links and similarities between a land company and a boiler room. These people seem to stop at nothing, constantly changing and inventing new ways to scam.


Aggie,
Very pleased to hear you are putting the phone down on them. I was under the impression you were still hoping that one of these cold callers was going to be the good guy and get your money back for you. It won't help you but it's important to know that I and many of the contributors to this site (plus about 30000 people per year form what I have read) have been taken in by these scams. I know from personal experience it is not greed but innocence and trust which leads you to 'invest' in what you think is a reasonably safe deal wth potential for better than average returns. It is also my experience that many people chase the hope that they can get back their life savings and are bitterly disappointed. As somebody who, like you, found this site and others before that happened, I am very keen to stop anybody lining the pockets of these thieves. As Lee has warned, there are people who use these sites to draw more unsuspecting people in so my approach now is to give my trust to nobody until they have earned it.
 
Jan 9, 2008
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Steed and Associates/AMUC

Hi Droyston, we meet again.:)
Been leading Steed and Associates along for over a month now. Well I have the time and if they are talking to me some other sucker is being left alone. (I got AMUC stock through Globus when they "sold" Linsure and "bought" AMUC for me.) They offered me 87c per share, a 500% profit on my origional Linsure investment. Oh if only it were true!! I signed a non disclosure agreement but good luck in trying to enforce it. Their legitimacy gambit is that they are using Prudential as the escrow agent ( usual advance payment scam where their client lodges 60% of the purchase price and the seller 10% to guarantee the trade will go through with an escrow agent and the 10% is added to the final payment for your share certs) and then asks you "You have heard of Prudential haven't you?" Well yes except this is Prudential Partners Inc in Panama City, Panama. Oh by the way I checked, the Prudential we know & love does not have a representative in Panama.
Regrettably the old adage is proved again "If it seems too good to be true then it probably is too good to be true."
Any company that phones you in the UK to in the middle of the night for their country, ie when I get a call at 9am it is say 2 am for them, has to be a scam. Does anyone know of a legitimate finance house that works outside 9 to 5?
Glad I found this blog just to confirm my suspicions.
I'll let you know how it pans out. Final push is on to complete the deal by end of month. Thye claim to have 55% shares committed
Keep posting
Kenmar 1956

Lee,
Looking back at recent postings on this site, it worries me that Aggie still seems to be unconvinced despite apparently losing everything to one of these scum. What do you have to do to convince people to put the phone down on cold callers and people offering costly services to detect scammers. We can all detect them. The question is what we do when we find them.
One small piece of good news appeared in the Telegraph this week. Jerome Herzberg was jailed for 3 years and 4 months for his part in a £60m share scam in Hong Kong. Great that he was caught but strange thing is they didn't manage to track down any of the funds he laundered, so in a couple of years this scum can carry on where he left off and still enjoy his £millions. Shame they didn't hang him.
Also look out for Steed and Associates Inc. offering some wonderdeal for American Utilicraft shares. This was all tied in with the Linsure scam so it looks as if Taylor and his idiots are still about. They must be desparate to try to get this one going again.
 

Rainmaker

Active member
Jun 19, 2003
197
2
28
50
Milton Keynes
I've had a number of calls from a company called World Energy International based in Hong Kong. Not sure how they got my work mobile number. Tried to get me to trade in obscure energy stocks. When I refused to discuss further, "David" got quite rude and aggressive, even threatening. I said I would inform the HK authorities if he continued to call me - he warned me not to as "he knew where I lived". I have now told the HK Police, who are investigating this outfit.