Boiler Room Scams

[anley]

I still wouldn't trust a firm that told me it was FSA registered unless I had heard of them before. Don't put it past the scammers to tell you want you want to hear.

if in doubt, take down the name of the firm AND their FSA registration number. Then go to the FSA's website and search for the firm, look for their main switchboard number and call it asking to speak to whoever initially called you. THIS IS VERY IMPORTANT SO DON'T TAKE ANY SHORT CUTS.

Only then can you be sure you're speaking to a legit outfit.

Be careful everyone and Aggie, don't say 'may' - there is no 'may' when it comes to geniune as the FSA website will prove. Chances are the firm is a scam of some sort and you're being fed a load of rubbish. Maybe for example they'll tell you that you've bought Tullow Oil or some other geniune company and then send you fake share certificates and steal your money. It's been know before............

 

[gooseman]

if you want to trade shares just go to your bank....don't even entertain the thought of buying someone who calls you up.

 

[waris]

has anyone heard of Creston financial group

some help would be appreciated

 

[Lee Shepherd]

has anyone heard of Creston financial group

some help would be appreciated

Listening to others is where scams work the best, they generally have primers (other people/firms) that will contact you to announce they're existance.

You have to do your own due diligence when looking to invest otherwise you leave yourself open to being stung.

A few words of advice, 'if in doubt go without'.

*This firm maybe legitamate ( I wont spend hours on something I doubt, it has to be transparent) but if I had any doubts I would simply keep my money tucked away safely in my account, or simply look for an investment you can 100% verify is safe. Deal shares through your bank or max out your ISA.

Return question's would be:
What do you know of them so far?
Why do you suspect they could be dodgy?
Who contacted who?

 

[anley]

"who contacted who' is normally the dead give away.

Something to me doesn't look right with Creston because they say they have been around for a decade yet their website has only been up for 6 months, ie the domain was first purchased back in Nov 2007. However, they seem to be registered by the German financial regulator and therefore have got an FSA registration by default.

If they're selling penny stocks or other hot investments, tread very very carefully.............

 

[ADRIAN123456]

All the info I have on morgan financial services I have put on record earlier in this or another thread.
They found me from my business connection on a trade web site, because the phone no i was connected was to this business name.First they used asian ladies to ask me in bad english about investing.
They went to endless rounds getting me to fill in forms.
there is even a real Morgan Financial Services company in USA. Boston I think. their website was good.
they had me follow 2 companies on New york Stock exchange SIRIUS & VERSANT. WHILE THEY WERE TAKING MY MONEY AND MAKING ME MONEY WITH IT BY TRADING, they never bought the shares but stole it from me, all the time fooling me with the return in my non existing account, which only existed thier web site.
Regards.
LESSON 1 never send anyone money to anyone, unless you contact them first.
LESSON 2 If it is 2 good to 2 true, it is 2 good 2 B true.

 

[ADRIAN123456]

I always wonder how does these boiler rooms get our phone number.

All the info I have on morgan financial services I have put on record earlier in this or another thread.
They found me from my business connection on a trade web site, because the phone no i was connected was to this business name.First they used asian ladies to ask me in bad english about investing.
They went to endless rounds getting me to fill in forms.
there is even a real Morgan Financial Services company in USA. Boston I think. their website was good.
they had me follow 2 companies on New york Stock exchange SIRIUS & VERSANT. WHILE THEY WERE TAKING MY MONEY AND MAKING ME MONEY WITH IT BY TRADING, they never bought the shares but stole it from me, all the time fooling me with the return in my non existing account, which only existed thier web site.
Regards.
LESSON 1 never send anyone money to anyone, unless you contact them first.
LESSON 2 If it is 2 good to 2 true, it is 2 good 2 B true.

 

[looker1]

We think this may be genuine , we have no money anyway so we wont be doing anything, but I would like to know if they are genuine as I am curious. We think he said is name was David Sharpe, the firm was Ashbourne He says he rang my husband six months ago offering Tullow Oil shares which were roughly 5pounds at the time they are now nearly twice that, he stated they were registered with the FSA. Does anyone know these. Also does anyone know anything about Global Resources Advisors who were suppose to be in Barcelona as my husband bought a lot of shares from them .

OK, elsewhere on this board, Global resources is listed as a scam, http://www.trade2win.com/boards/brokerages/14154-boiler-room-scams-17.html
Ashbourne, need more info, like website or something like that, the usual google terms arent throwing anything up, but this certainly does not mean they are legit, there are millions of pages that contain the word ashbourne.

 

[ADRIAN123456]

Do Not Send Money
Do Everything Else But Do Not Send Money
Do Anything Else But Do Not Send Money

 

[Aggie]

Just had someone phone saying they were trying to help us they are not selling shares or buying them, dont know what its about says he is from Zurich, regulator SFBC his name is Daniel Richards . Company is called Hargreaves Brennan . just found out the information from him, he says he will phone back next week. We are thinking of altering our phone number. Anyone heard of these he swears he is legitment what does he want I dont know. I said are you a scammer

 

[Lee Shepherd]

Just had someone phone saying they were trying to help us they are not selling shares or buying them, dont know what its about says he is from Zurich, regulator SFBC his name is Daniel Richards . Company is called Hargreaves Brennan . just found out the information from him, he says he will phone back next week. We are thinking of altering our phone number. Anyone heard of these he swears he is legitment what does he want I dont know. I said are you a scammer

Wake up and smell the coffee.

They called you, not the other way round. In what ever manner it would be fair to assume they are after your money. After all, they are not a registered charity.

All the scammers I've heard of never admit it, so, everyone always say's they are legitimate.

If theres no credible information on them then dont pay attention, certainly dont pay any money. - Unless you really want to of course, I'll leave that up to you.

 

[looker1]

Just had someone phone saying they were trying to help us they are not selling shares or buying them, dont know what its about says he is from Zurich, regulator SFBC his name is Daniel Richards . Company is called Hargreaves Brennan . just found out the information from him, he says he will phone back next week. We are thinking of altering our phone number. Anyone heard of these he swears he is legitment what does he want I dont know. I said are you a scammer

Post the website on here, we can tell you a lot more with that, the name hargreaves brennan returns 10,800 pages alone, including one about a robert brennan, a famous stick scammer from the 80's. If thy are not selling or buying stock, it will be savings plans, gold or oil in some form or another, wine, whiskey, flowers, coins, gilts, CDS, teak plantations. banana plantations, porn websites, or some such other rubbish.

Post the website, we can show you it has likely been going less than a year and that it is most likely hidden somewhere far far away, along with where your money will disappear to.

 

[Gold31]

I posted a substantial amount of info re entities that were not registered as 'boiler room operators' but their tactics all had the same characteristics . I am unable to locate my post on this site. We have a group of 10 who are about to take them on as each one had the same experience and we invite others to join if you have been scammed by the same intermediaries the more there are in the group the greater are the prospects of downing the scammers . Suggest you make contact via my email address with T2W - URGENTLY !

 

[Gold31]

Hi Revenge,
I only recently joined this board, so I know a year has now elapsed. Like you I was an APEX 'client'. I was suitably impressed to be a personal client of the infamous Bill Rochester. Until end of April 07 my account was progressing well.I was actually testing the operation by requesting a small draw down. Breaking my own discipline I was persuaded to 'invest' more on a forthcoming leap in the price of palladium. Needless to say the £1000 draw down did not arrive, and a few days later ( 1st week of May) all their phones were on answerphone.
I reported to local police for a crime no.and to the City of London Fraudesk. I've heard nothing more apart from the discussions on Radio4 You and Yours.
Has anybody any further info. I certainly agree that this was a very well performed scam. It must have cost a lot to set up and keep running - so I pressume they cleaned up big time when they dissapeared.
multiform1

I have communicated with the City of London Police and Archway ove the last two months and have not yet had the courtesy of a response. There has been a huge campaign by the BBC and you can access on their website regarding 'Boiler Room Scams'
I think there was a Panorama programme about the fraud.

 

[ADRIAN123456]

Wait for it.
They will offer to help you.
They will even give free advice.
They will be very helpful.
BUT
BUT
eventually they will ask for money.
DO NOT SEND MONEY.
They are the same crowd as robbed you in the first place.
(or they have sold your name on )

 

[Droyston]

Another one to look out for. Recently contacted me to make a wonderful offer for my Linsure Shares. Origination Capital- James Weller. Also claimed to be approved by 'FINRA' a US organisation. Seems to me FINRA, whoever they may be, should be more careful who they list. Needless to say, the wonderful offer involved an up-front payment. Didn't happen and James seemed to know a little more than he should have about Linsure. Can't think why.

 

[Aggie]

Sorry but Hargreaves Brennan did not give me their website only his name as Daniel Richards and SFBC regulated in Zurich. No doubt frauds

 

[anley]

FINRA is the old NASD regulator so it's legit although when I checked the website it did look slightly scammy. I called them though and had a chat and that put my mind at rest. The thing that foxed me and is normally a 99% giveaway is that their domain name was first registered last summer. Anytime you see a company with a domain first registered within a year bet heavily it's a scam operation.

 

[ADRIAN123456]

Another one to look out for. Recently contacted me to make a wonderful offer for my Linsure Shares. Origination Capital- James Weller. Also claimed to be approved by 'FINRA' a US organisation. Seems to me FINRA, whoever they may be, should be more careful who they list. Needless to say, the wonderful offer involved an up-front payment. Didn't happen and James seemed to know a little more than he should have about Linsure. Can't think why.

My policy now is to (1) never send money
BUT (2) is to keep them talking and waste their time + money (well someone else`s money as they stole it from someone originally ) Let them ring u back. always sound interested.
When U are on to them is is great to listen to their bull****.
BUT NEVER SEND MONEY.

 

[anley]

Adrian, I like your style but why not take it one step further. When you tell them you'll invest they'll give you the banking details then pass them on to Operation Archway (the Police unit looking at them). Hopefully they'll be able to freeze the account which will mean a) the scammers won't get paid and more importantly b) the money should get returned to the rightful owners.