Boiler Room Scams

Hi all, I am new to this, I was scammed out of about 50k by a company called Lance Futures which were based in Frankfurt Germany ( apparently ). They did the runner and I have never heard from them again.
Now I have changed the company I work for, and I believe some one from Lance Futures is at it again. This time, ringing my new company. I recognized the voice, so I am playing along with them to get as much info as possible.
My question is, who would I inform of this?
Has any one ever got their money back from scammers after they have gone missing?
Dan
 
If you are in the UK then you should report it to the FSA and Operation Archway at the City of London Police. Don't expect too much in the way of a response though.

I personally have never heard of anyone recovering money from a boiler room scam. In fact most people lose more money by falling for follow up scams, it seems you are being targeted again. Don't fall for it a second time.
 
Ross2011 said:
Hi Shishir, These crooks got $80k from me as well. I dealt with most of the names you list as well as 'Steven Young' and 'Alexander Breit'. I also got the sore back and birth of a child excuse for not selling.

Their con was made so much easier when the LVS shares I bought rose from $22 to over $50. In November they tried to persuade me to purchase attached warrants at $26 which would have cost me $182k and (if they had been legit) would have doubled my money - I'm so glad I didn't.

So where do we go from here? On the advice of the NZ Securities Commission I emailed the Taiwanese Financial Supervisory Commission. They responded saying SKW were not a registered securities firm in their jurisdiction and suggested I contact the Ministry of Justice, Investigation Bureau which I have done and await their response. I also emailed the Cathay United Bank, again awaiting a response.

Has anyone any suggestions as to how we register our claims with the authorities and perhaps get a share of the money frozen in their bank? Or is there anything else we could be doing?
Click to expand...


HI Ross, sorry for late response as I just saw..havent been on the forum for while.

Others have contacted me privately as perhaps the SKW maybe trolling the net to cover their ass.However you probably saw Jimbo Jones post about emailing CIB and using that response to contact your local police who would relay it to Interpol, the others who messaged me privately also suggested this approach.

Im afraid Cathay Bank will not help you, even if the SKW account is frozen and there is enough money for us to retrieve our funds, I dont expect a bank to just hand it over.The *******s will fight to keep their illgotten gains.Only a court decision after the case has been made will nudge them in this direction.

pboyles is pessimistic on us retrieving our funds(he apparently a lot about this kind of thing) ,but hey there is always a first time.Even if there is only a slim chance of getting our money we have to try...., atleast we have to we put those rogues out of commission.
Shishir
 
Hi,
Those thieves just move on, new name, new company, new country, new bank,>>>>>>>>>>>>>> BUT they bring this contact list with them and start again.
They are thieves and should be in prison.
 
Shishir said:
HI Ross, sorry for late response as I just saw..havent been on the forum for while.

Others have contacted me privately as perhaps the SKW maybe trolling the net to cover their ass.However you probably saw Jimbo Jones post about emailing CIB and using that response to contact your local police who would relay it to Interpol, the others who messaged me privately also suggested this approach.

Im afraid Cathay Bank will not help you, even if the SKW account is frozen and there is enough money for us to retrieve our funds, I dont expect a bank to just hand it over.The *******s will fight to keep their illgotten gains.Only a court decision after the case has been made will nudge them in this direction.

pboyles is pessimistic on us retrieving our funds(he apparently a lot about this kind of thing) ,but hey there is always a first time.Even if there is only a slim chance of getting our money we have to try...., atleast we have to we put those rogues out of commission.
Shishir
Click to expand...

Hi Shishir
I'll try the CIB and see if I get a response. Realistically I think pboyles is right but we should collectively give it our best shot especially if there is money frozen in their account (BTW I got no response from the bank). I'll read earlier posts to find your email address as I would like to keep in touch privately.
Cheers Ross
 
Just to reply ro wow2403: cannot agree more..doing nothing is wrong!
I was scammed by Dai-ichi securities for a considerable amount (€50K) and reported this to the local police (who have limited interest to pursue) and also to operation Archway. Subsequently, I and other victims engaged a professional company to try to find the network behind Dai-ichi Securities. We are all aware that the chances of recovering any money are close to zero, but they should not be able to get away with this! The investigations focused on the bank-accounts used by the criminals, and this has shown an enormous network of "operating companies" (such as Daiichi) that can be linked through these bank-accounts being used. It seems to be big business with probably hundreds of millions annual turnover. Will keep you updated on this forum.
 
Jimbo Jones said:
Hi -

I have contacted all of the authorities in Taiwan without much luck so far.

The best avenue I am pursuing at the moment is through our local Police office utilising the Interpol liaison. However, they have asked for confirmation that I have made contact with the Taiwanese CIB.

Can I suggest that you e-mail the following person explaining your situation :

"susanne" <[email protected]>

This will elicit a reply along the lines of what I have copied in below:


As your previous email dated 01/18/2011 concerning「Shin Kong Wedbush Scam」,we reply as following:
We suggest you may take legal actions as either report the case to local police and request official case referral to our office, Interpol Taipei, via Interpol New Zealand, or have your statement to be presented in person at our head office in Taipei.
Should you need any assistance, please feel free to contact our office and we are more than happy to receive further information from you.
Sincerely,

Interpol Taipei
Criminal Investigation Bureau
National Police Agency
Ministry of the Interior
R.O.C. (Taiwan)

You can then take this response to the local Interpol liaison and ask them to lodge the case.

Let me know how you get on - the more voices that weigh in to this issue , the better likelihood of securing a positive outcome !!!

Thanks,

Jimbo
Click to expand...

I have been a recent victim to a company called Wilshire Park (supposedly with an address in Japan). Substantial sum 80K euro. Most of this money went through banks and holding companies in Taiwan. Have done the following:
Written to Japanases Financial regulator; Written to FSC in Taiwan. Saw ur note and write to CIB...will the engage my local Interpol liason. THough scammers use different companies...Taiwan seems to be a frequent destination for the money transfer. MAyu be we should all group up and push the Taiwanese officlas to do something abt this.
 
Shishir said:
HI Ross, sorry for late response as I just saw..havent been on the forum for while.

Others have contacted me privately as perhaps the SKW maybe trolling the net to cover their ass.However you probably saw Jimbo Jones post about emailing CIB and using that response to contact your local police who would relay it to Interpol, the others who messaged me privately also suggested this approach.

Im afraid Cathay Bank will not help you, even if the SKW account is frozen and there is enough money for us to retrieve our funds, I dont expect a bank to just hand it over.The *******s will fight to keep their illgotten gains.Only a court decision after the case has been made will nudge them in this direction.

pboyles is pessimistic on us retrieving our funds(he apparently a lot about this kind of thing) ,but hey there is always a first time.Even if there is only a slim chance of getting our money we have to try...., atleast we have to we put those rogues out of commission.
Shishir
Click to expand...
I am also victim to this scam...another company by name Wilshire Park (out of Japan). My money also went through Taiwan. Am also takeing steps to notify CIB, FSC. Will be happy to join the war gainst the holding company in Tiwan who was the beneficiary in our transfers....
 
wilvanbil103 said:
Just to reply ro wow2403: cannot agree more..doing nothing is wrong!
I was scammed by Dai-ichi securities for a considerable amount (€50K) and reported this to the local police (who have limited interest to pursue) and also to operation Archway. Subsequently, I and other victims engaged a professional company to try to find the network behind Dai-ichi Securities. We are all aware that the chances of recovering any money are close to zero, but they should not be able to get away with this! The investigations focused on the bank-accounts used by the criminals, and this has shown an enormous network of "operating companies" (such as Daiichi) that can be linked through these bank-accounts being used. It seems to be big business with probably hundreds of millions annual turnover. Will keep you updated on this forum.
Click to expand...

I have been informed that an average "Boiler Room" makes +- 200mil in 1 sequence; mostly around 6 to 12 months time ... This is an organised crime. The authorities are running behind and flop! Even the mafia is behind it. So, you need specialists, at least
they have sometimes succes. Good luck to you all!
 
wow2403 said:
I have been informed that an average "Boiler Room" makes +- 200mil in 1 sequence; mostly around 6 to 12 months time ... This is an organised crime. The authorities are running behind and flop! Even the mafia is behind it. So, you need specialists, at least
they have sometimes succes. Good luck to you all!
Click to expand...


The average loss is £25,000 for each UK victim. Of course that's only the people that report it to the police. I think the UK total estimate was a £200 million loss per year.
 
Our office had a call, Alex Turner of FCM looking for someone (not me this time). Sounded like a scammer and he was calling from South Korea (dead give away). Anyone had the pleasure ?
 
pboyles said:
I would say you are probably right. Did they contact you?
Click to expand...

No they did not...I found them on the web and asked what they can do....just some e-mail exchanges. They are saying they know one of the holding companies in Taiwan (Boldstone Inc) and are investigating them. I will tag along to find out more...but no payment from my side FOR SURE. Will ask them to take a share of the recoverd money as fees...let's see what they say.
 
pboyles said:
I would say you are probably right. Did they contact you?
Click to expand...
No: G&M is not a scam. They are an existing company with offices in Netherlands, Germany and Belgium. It is a company with experience in investigating financial fraud. They have also done work on boiler-room scams including Daiichi.
greetings,
William
 
wilvanbil103 said:
No: G&M is not a scam. They are an existing company with offices in Netherlands, Germany and Belgium. It is a company with experience in investigating financial fraud. They have also done work on boiler-room scams including Daiichi.
greetings,
William
Click to expand...

Beware of people making their second post saying a something isn't a scam. Especially when the company is about recovering boiler room money.

Also, the website in question was registered less than a year ago and as we all know now that means 90%+ probability that something isn't right.

My bet is G&M will tell people they can help but they need a little bit of money upfront, you know for 'general expenses' and then a little bit more money because things 'are happening', then they'll nearly have your cash but you just need to pay a little bit more for legal expenses but then, sorry, we've lost the scammers and it looks like there's no chance of finding them again...........

Or to put it more clearly, pay money to them and it will go the same way as your previous money.
 
Last edited:
anley said:
Beware of people making their second post saying something isn't a scam.
Click to expand...

Although I am new on this forum and this is only post nr3, much older correspondence on this topic can be found on the who calls me forum:
http://whocallsme.com/Phone-Number.aspx/008134550157
Feel free to believe it or not, but apart from the police, this is one of the few real options available for boiler room victims. Of course these kind of companies will not work for free and the chances on success are not too high. But personally I feel it is better than doing nothing. G&M is not a scam...just give them a call and find out yourself.
 
wilvanbil103 said:
No: G&M is not a scam. They are an existing company with offices in Netherlands, Germany and Belgium. It is a company with experience in investigating financial fraud. They have also done work on boiler-room scams including Daiichi.
greetings,
William
Click to expand...

William

You will understand that in this business it is necessary to verify who people are. The authorities have specifically warned about scammers pretending to be investigators or law enforcement agencies.

Can I ask where your actual office is located. All I see is PO boxes or serviced office addresses. Do you have a physical presence in The Hague or Brussels? I have contacts in both cities that could verify who you are.
 
pboyles said:
William

You will understand that in this business it is necessary to verify who people are. The authorities have specifically warned about scammers pretending to be investigators or law enforcement agencies.

Can I ask where your actual office is located. All I see is PO boxes or serviced office addresses. Do you have a physical presence in The Hague or Brussels? I have contacts in both cities that could verify who you are.
Click to expand...

As a client I have visited the G&M office in Zaandam (NL), close to schiphol airport. You can call them on +31 75 6160692 and ask for mr. Hendriks.
 
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