Boiler Room Scams

pboyles said:
Does anyone have any information on Thomas Moore Global ... Is it possible that I have lost everything.

Please help
Click to expand...

Actually no, it is still possible for you to lose even more.

The next phase in the scam is for Thomas Moore Global or another scammer to call you up and say they can exchange these shares for others or have them derestricted for you so that you can sell them. They will ask you to send them an advance fee for this, when they recieve it they will steal that as well and then probably disappear. Look at the facts about this 'company'

1 They are banned in Switzerland http://www.swissmoney.net/brief5.htm
2 They are banned in Australia http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/Cold-calling-blacklist-T?openDocument
3 They are mentioned elsewhere as being a boiler room http://twitter.com/sharescams
4 I cant speak Japanese but I reckon if I did I could probably turn up evidence that they are banned in Japan too.
5 Read the following scarily similar tale of woe, including the second part of the scam (advance fee) http://www.trade2win.com/boards/first-steps/72602-royal-petroleum-corp.html

You should also be aware that some of these criminals monitor these boards and have in the past posted positive reviews of some of these scams, therefore if someone PMs you and says they can sort it out you should ignore them.

If you dont believe any of this then you should call a proper broker, like Barclays or someone and ask them to sell the shares for you. At least then you will have a definitive answer.[/QUOTE]
 
hi please can you give me a contact number so we can discuss this further. I/m looking for people who have been scammed by thomas Moore
 
thomasmooreglobal.com website seems to have disappeared, just like the money people gave them.

New addition to FSA warning list today is Davenport and Co of 12th Floor, 1 Ropemaker Street London www.davenport-corp.com
 
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totalidiot said:
Nice one .... Clive you should be ashamed of yourself ... But you're probably not as you treat the whole boiler room share scam as a profitable game and then like the hyena you are you try for one last bite at the remains of the people you screwed ... a public hanging would be too good for you.
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Do either of you have the slightest proof that Clive works for a boilerroom? I'm beginning to see how you got scammed in the first place. You due diligence prior to decision making is somewhat lacking.
 
pboyles said:
Do either of you have the slightest proof that Clive works for a boilerroom? I'm beginning to see how you got scammed in the first place. You due diligence prior to decision making is somewhat lacking.
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LOL .... Thanks PB you are absolutely right, let's not condemn these pariahs without first proving their guilt.
 
pboyles said:
Do either of you have the slightest proof that Clive works for a boilerroom? I'm beginning to see how you got scammed in the first place. You due diligence prior to decision making is somewhat lacking.
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No, I don´t have any proof but I will stick to being a skeptic on these things. I do have a very good understanding of NLP and I am pretty good at spotting when something is off. I have never been scammed and certianly wouldn't buy OTC POS shares.

The reason I don't believe Clive is because 1) his name is Clive from Zimbabwe 2) he is listed as being from Zimbabwe, not exactly the target country for boiler rooms 3) he seems pretty intent on getting phone numbers, why can't he just talk on the board.

Think what you want, everyone has an opinion, but to me this guy is just trying to figure out who his competition is and probably wants to know which ex-buddy/partner of his is selling to who and how much, etc.

pboyles, this isn't a court where your innocent until proven guilty - it is T2W boiler rooms where you are guilty until proven innocent:(

If I see a guy who says he is from the U.S. and then he says he got sold boiler room stocks from Europe and ends his message with "Cheers", I know he is full of sh.t.
 
pboyles said:
No I think he has been scammed.
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What extraordinary due diligence process did you use to decide he is telling the truth?

Did you check his 4 messages, 2 of which were copies of other people??? (There is no due diligence that can tell you if he telling the truth or lying.) It is not due diligence, it is street-smarts and/or formal psychology that you need to spot these guys.

Sorry I am so cynical but I've been right many more times than I have been wrong.

I still don't believe Totalidiot put in $850K or he would have spoke in GBP. Lies are in the details. Like doesn't Totalidiot seem a bit too chatty to be a guy who just found out he lost $850K?? Seems a bit too upbeat to me.

If I am wrong, I totally apologize... especially to Totalidiot ;) I can absolutely help you get that money back, slowly but surely and I would love to do business with a guy at that level(y)
 
experienced_it_all said:
What extraordinary due diligence process did you use to decide he is telling the truth?

Did you check his 4 messages, 2 of which were copies of other people??? (There is no due diligence that can tell you if he telling the truth or lying.) It is not due diligence, it is street-smarts and/or formal psychology that you need to spot these guys.

Sorry I am so cynical but I've been right many more times than I have been wrong.

I still don't believe Totalidiot put in $850K or he would have spoke in GBP. Lies are in the details. Like doesn't Totalidiot seem a bit too chatty to be a guy who just found out he lost $850K?? Seems a bit too upbeat to me.

If I am wrong, I totally apologize... especially to Totalidiot ;) I can absolutely help you get that money back, slowly but surely and I would love to do business with a guy at that level(y)
Click to expand...

Firstly I think that Clive from SA is also the same guy that is offering legal help to file against TMG ... He said his "friends" were in the same position ... It was an obvious scam .... So it looks like you were right about him.

Secondly, the person that lost the 850k is not a UK citizen and the total investment was all in Euro ... and obviously the reason I was "a bit too chatty" was because I am on here trying to help my friend out of a very desperate situation ... and also to protect him/her from other scam artists such as our SA friend.

I will pass your apology onto my friend.
 
totalidiot said:
Firstly I think that Clive from SA is also the same guy that is offering legal help to file against TMG ... He said his "friends" were in the same position ... It was an obvious scam .... So it looks like you were right about him.

Secondly, the person that lost the 850k is not a UK citizen and the total investment was all in Euro ... and obviously the reason I was "a bit too chatty" was because I am on here trying to help my friend out of a very desperate situation ... and also to protect him/her from other scam artists such as our SA friend.

I will pass your apology onto my friend.
Click to expand...

I don't understand. Your post was;

"Hi,

Thomas Moore, Tokyo ... They have taken over $850 000 from me over a six month period.

They assured me that I am invested into 310 000 shares of HTE, nyse.

I have asked repeatedly for them to release my funds but they say I need to hold 500 000 shares in HTE before the "block" can be sold.

Does anyone have any information on Thomas Moore Global ... Is it possible that I have lost everything.

Please help"

Your saying that this is for a friend? (Ok, I guess. I have posted other peoples problems as if it was my problem just to make it easier as well.) Your friends loss was in EUR but you listed USD because the stocks he got scammed on were on the NYSE. I guess it makes more sense if it wasn't you that got scammed.

My instincts still tell me something is fishy about this whole story but in the end of the day this forum is to expose the boiler rooms and the stocks they are dumping, not get into the details of peoples personal lives. So good luck and tell your friend to stay away from any OTC offers.
 
experienced_it_all said:
I don't understand. Your post was;

"Hi,

Thomas Moore, Tokyo ... They have taken over $850 000 from me over a six month period.

They assured me that I am invested into 310 000 shares of HTE, nyse.

I have asked repeatedly for them to release my funds but they say I need to hold 500 000 shares in HTE before the "block" can be sold.

Does anyone have any information on Thomas Moore Global ... Is it possible that I have lost everything.

Please help"

Your saying that this is for a friend? (Ok, I guess. I have posted other peoples problems as if it was my problem just to make it easier as well.) Your friends loss was in EUR but you listed USD because the stocks he got scammed on were on the NYSE. I guess it makes more sense if it wasn't you that got scammed.

My instincts still tell me something is fishy about this whole story but in the end of the day this forum is to expose the boiler rooms and the stocks they are dumping, not get into the details of peoples personal lives. So good luck and tell your friend to stay away from any OTC offers.
Click to expand...

Thanks for the advice but I think the lesson has been expensively learnt ... This person cannot feel anymore ashamed and angry at him/herself than they already do.

My mistake on the Euro btw it was indeed usd ... but the bottom line is that it doesn't really matter whether or not you believe my friends situation to be true ... Many lives have been ruined because of the loss.

There should be a lot more information out there warning people about these predators, I just wish my friend had spoken to me first before trusting these mercenary bloodsucking animals.
 
I've deleted the last series of posts. Boiler room scams are enough of a problem and there's no point in throwing insults and allegations around willy nilly.

cheers

jon
 
twice bitten said:
Further to my last post. I have now read up on other threads about Reg S shares and seen previous comments about PK shares, so unless anyone knows differently I guess I will just have to frame the certificate and hang it on the wall as a rather expensive piece of reminder 'artwork' Please everyone watch out for ERP, Equity Research Partners - Zurich??
Click to expand...

I to have bough shares in these firms and am thouroughly ashamed of myself for falling for such a scam. I can't believe it the share certificates are real I have spoken to the transfer agents. I guess i'll have to get used to the fact that my money has gone. I still have ERP's number and they ring me back when i call to speak so I will be in touch.
Very annoyed
 
That's only part one of the scam, someone is going to call you and say they can buy them, swop them or derestrict them. This will be offered to you providing you send them an advance fee. Obviously they will steal that fee too. It doesn't matter who they say they are or what excuse they give you they will be thieves and this time you know in advance.
 
sjpl79 said:
I to have bough shares in these firms and am thouroughly ashamed of myself for falling for such a scam. I can't believe it the share certificates are real I have spoken to the transfer agents. I guess i'll have to get used to the fact that my money has gone. I still have ERP's number and they ring me back when i call to speak so I will be in touch.
Very annoyed
Click to expand...

pboyles is 100% correct. The more you speak with these guys, the more opportunity they have to "reason" with you and make you believe one of their fairy tales.

I think people have to realize that reading and research is always a good idea, but the scam behind the research is usually not explained. If you look up restricted stocks or reg. S / rule 144 you may find the technical meanings but these transactions are used by well known companies with good intentions as well. It may not explain how boiler rooms use the same regulations to drain the bank accounts of good people through mass dilution and misrepresentation.

If you are not a professional or understand that you could lose all of your money, stay away from any OTC stocks. Think of it as a casino - there are professional poker players and people who just take a chance for fun, same with the OTC market so expect that the odds are stacked against you and the probability is that you will lose.
 
I refer you to my previous post 1545 on p194.

I have been advised on several occasions by several people including FBI & SEC that reg S, rule 144, restricted, call them what you will, are not suitable for and should not be sold to individual private investors. They are designed for institutions who can gamble on 20 shares in the hope that 1 or 2 may come in.If you quote that line to scammers you will usually be hung up on. The important thing to establish, if you persist in talking to these guys who cold call, is wheither the shares offered are on the bulletin board(BB) or main Nasdaq. Always get the ticker symbol and this is easily verified, I do it as I keep them talking. Go to Nasdaq.com and if they quote and show other OTC then go to pinksheets.com and you will get the full story.
If that isn't enough for you put the share name into google and search, and also put in the name of the company phoning you. You can get very interesting results if you compare personnel names, addresses etc. You will often be directed here!
Also put web addresses into whois.com and you can find out when and where the web site was established.

So basically if you do any research at all it is not difficult to expose the scam. These people rely on you being convinced by their silver tongues, they do not stand up under any sort of investigation.
Good luck. :)
 
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