Regulation S possible scam

[tdunirl]

Hi, Newby here, I'm getting a lot of calls from a guy called

Bruce Taylor
Senior Vice President of Accounts
Morgan Capital Partners

He is telling me that a e5k investment(through scammers Pacific Continental of London) is now worth $100k and using an escrow arrangement with 'the International Mergers and Acquisitions Commission' of Tokyo for my comfort. He also put me in touch with another client, apparantly a Graham Mckinley in Edinburgh, who got 'paid out'. Both gentlemen are extremely convincing, though I have been quite sceptical from past experience of various scum(Pan-European and Pacific Continental-while i am at it does anyone know anything of Sigma in London who have wasted a lot of my hard earned money?).

Anyway, I saw reference through Google on this site to the International M&A Commission being a phoney, hence your latest devotee. My next step is supposed to be to call them for proof etc. but if they are not credible, that won't mean anything.

Can anyone put me out of my misery and confirm factually if this is a scam and they have any proof. (i'm pretty sure I already know your opinions-so anything factual would be better!)

 

[Lee Shepherd]

You dont need confirmation, you need waking up.

If in doubt, stay out.

Why would they offer to send you their passport of proof, wtf, no one does this as it's not necessary, but for them it is to draw you in like a little fishy.

 

[ibex666]

dodgy

deadly dodgy.
smacks of scam
you know it dosent sound right so stay out

sorry but you sound like you just want convincing not to do it!

 

[tdunirl]

Thanks guys

Thanks for the sensible advice, i'm glad I found this before being sucked in..I was disappointed to find out today that the FSA in London has known about this and not written to the shareholders-and also that googling the names used in the scam doesn't help (at least on page 1)-both of which would really help gullables like me. I have phoned the fSA, dont expect to achieve much.

Here is the warning from the FSA site-

FSA/PN/094/2008
19 August 2008

The Financial Services Authority (FSA) has issued an alert today that at least ten ‘recovery firms’ are targeting a scam at investors who bought shares through Pacific Continental Securities (UK) Ltd (Pacific Continental).

Many investors who originally bought shares through Pacific Continental have complained to the FSA that they are being 'cold-called' by firms offering to buy the shares, or to put them in touch with a buyer - for a fee.

These so called 'recovery firms', often calling from outside the UK, are not authorised by the FSA and are not permitted to approach UK consumers to promote financial services. Commonly known as 'recovery rooms', these firms offer to buy the shares at an attractive price but demand an advance fee.

This is a scam - as soon as the fee is paid, the firm disappears with the money and without purchasing the shares.

The FSA is looking into the complaints.

Pacific Continental went into administration on 20 June 2007 and is now in liquidation. The liquidators can be contacted on Pacific Continental Securities (UK) Limited.

The FSA publishes a list of unauthorised firms, along with information about share scams on its consumer website, Money Made Clear. Consumers and investors should only deal with firms authorised by the FSA otherwise they will have no rights to complain or claim compensation.

 

[Big Ron]

Hi, Newby here, I'm getting a lot of calls from a guy called

Bruce Taylor
Senior Vice President of Accounts
Morgan Capital Partners

He is telling me that a e5k investment(through scammers Pacific Continental of London) is now worth $100k and using an escrow arrangement with 'the International Mergers and Acquisitions Commission' of Tokyo for my comfort. He also put me in touch with another client, apparantly a Graham Mckinley in Edinburgh, who got 'paid out'. Both gentlemen are extremely convincing, though I have been quite sceptical from past experience of various scum(Pan-European and Pacific Continental-while i am at it does anyone know anything of Sigma in London who have wasted a lot of my hard earned money?).

Anyway, I saw reference through Google on this site to the International M&A Commission being a phoney, hence your latest devotee. My next step is supposed to be to call them for proof etc. but if they are not credible, that won't mean anything.

Can anyone put me out of my misery and confirm factually if this is a scam and they have any proof. (i'm pretty sure I already know your opinions-so anything factual would be better!)

this very same dude is bothering me with phone calls about a Reg S share I got mugged with. His patter sounds too good to be true and I will not sign anything he sends me nor will I part with one red cent. The guy and his ilk are scum.

 

[etrusco]

Sigma forex scam

Hi,

it seems that this broker doesn't want to send back the money. i asked a withdrawal 15 days ago with no results. what would you sugget to do???

Thanks

 

[anley]

Hi,

it seems that this broker doesn't want to send back the money. i asked a withdrawal 15 days ago with no results. what would you sugget to do???

Thanks

The trouble is that you haven't been dealing with a broker. You've been dealing with a thief who's only job is to steal money.

You're going to therefore find it very hard to get any money back unless you come up with some bull****. Try and make it sound like you want to put more money in, because you've just sold a propery and think that all stocks are the buy of the century. But in order for you to deposit the money it needs to come from a different account, perhaps your wife's for tax reasons. So get the new account opened and then say you need the other cash back so as to make everything good re your tax position.

Don't try and be too clever though as the scammer might think you know too much.

Good luck.

 

[etrusco]

sigmaforex

Hi Anley,

you write this for your ideas on the broker as your experience suggest this, or you really are aware that this broker sigmaforex, is a scam and has this kind of behaviour?

Thanks

The trouble is that you haven't been dealing with a broker. You've been dealing with a thief who's only job is to steal money.

You're going to therefore find it very hard to get any money back unless you come up with some bull****. Try and make it sound like you want to put more money in, because you've just sold a propery and think that all stocks are the buy of the century. But in order for you to deposit the money it needs to come from a different account, perhaps your wife's for tax reasons. So get the new account opened and then say you need the other cash back so as to make everything good re your tax position.

Don't try and be too clever though as the scammer might think you know too much.

Good luck.

 

[Scanjet]

Guys, I'm amazed at the naivety of many of the people who appear on this board! Never, ever, respond to a cold caller. Remember, these people don't exist to make YOU money. They are there to make themselves money. I can see just how easy it is to part the desperate from their hard earned cash in these difficult times. Over the last year or so I've developed a bit of a reputation for trying to debunk the dream. I'm gonna repeat it! There are no Gurus or experts that know everything that you don't. There are only price movements and volatility etc. Simply trade what you see, using support and resistance, trend breakouts, Fib retracements and responses to major financial news outputs etc.
I can see that I could pay a good copy writer a few thousand bucks to come up with the latest gee-wiz system to strip many on here of their money. Ten pages of me extolling how I came up from the gutter to my home in the Seychelles. A pic of me at the side of my Aston Martin, one of me by my lakeside spread pulling fish out of my pool. You get the drift? I receive this junk on a daily basis. Ignore it.
Happy new year.

 

[anley]

No I don't write from experience.

I didn't realise you were dealing with Sigmaforex plenty of talk about them on the net -

Sigma Forex | SigmaForex.com | SigmaForex reviews and ratings by Forex Peace Army

Maybe your best bet is to try and contact their bankers or the credit card processor you used.

Also, in future make sure you fully research who you are doing business with and only deal with officially registered firms in your own country, or at least a country with good regulation like the UK and US.

 

[joeking323]

Hi, Newby here, I'm getting a lot of calls from a guy called

Bruce Taylor
Senior Vice President of Accounts
Morgan Capital Partners

He is telling me that a e5k investment(through scammers Pacific Continental of London) is now worth $100k and using an escrow arrangement with 'the International Mergers and Acquisitions Commission' of Tokyo for my comfort. He also put me in touch with another client, apparantly a Graham Mckinley in Edinburgh, who got 'paid out'. Both gentlemen are extremely convincing, though I have been quite sceptical from past experience of various scum(Pan-European and Pacific Continental-while i am at it does anyone know anything of Sigma in London who have wasted a lot of my hard earned money?).

Anyway, I saw reference through Google on this site to the International M&A Commission being a phoney, hence your latest devotee. My next step is supposed to be to call them for proof etc. but if they are not credible, that won't mean anything.

Can anyone put me out of my misery and confirm factually if this is a scam and they have any proof. (i'm pretty sure I already know your opinions-so anything factual would be better!)

If it sounds too good to be true..........

 

[etrusco]

Sigma in London doesn't send money back. i personally wouldn't trust any of thse uk people. Scam in Uk is much higher than in Us. I think that after what happenend in Us with recent mardoff issues , most of scammers will appear to be in uk. sigma is an example. they work and take moneyof people and do not the money go back. they have virtual office in switzerland ( is just a business center) and are incorporated in Uk. Are there any offices or association we can make a phone call that regulates forex and moeny in Uk??