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    • clockworks
    • By clockworks 24th Jan 10, 5:29 PM
    • 440 Posts
    • 173 Thanks
    clockworks
    With how cheap some of the FTSE 100 and FTSE 250 are in comparison to what they were trading at a few years back stick to them instead of these small penny stocks.

    Much safer with the big boys in my opinion.
  • pjrossiter
    Just to prove that these conmen won`t go away. In 2007 I was conned into buying shares in Evolution Global Capital Partners (EGCA).Soon after they were suspended by the SEC in the US.Realised my dosh was done and vowed never to be caught out again. Now just last week have been contacted by "The Madden Group Inc.,Buffalo N.Y. willing to buy my shares for $14 per share......
    no way! Very dodgy looking web-site.I emailed the SEC in the US and they say
    EGCA never fulfilled any requirements for reinstatment....Be warned.
    Last edited by pjrossiter; 25-01-2010 at 5:49 PM. Reason: spelling correction.
  • acar
    Hi Reaper.

    Thanks for your comments, I have read all the thread but have not seen any mention of Wilkins Fairbrother International.
  • agsnu
    Thanks for your comments, I have read all the thread but have not seen any mention of Wilkins Fairbrother International.
    Originally posted by acar
    From the second post:

    It is safe to assume that anyone cold calling offering a great deal in obscure US shares is a scammer. The chances of them being actually based in London is minimal - if they were, they would be breaking either the FSA registered share dealer regulations by cold calling, or the law by not being FSA registered.
    Note: ANYONE. Not just Gresham Associates. The same is true of all of these people.

    Post #16 points you to http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overseas.shtml - where Wilkins Fairbrother is listed.
    • Reaper
    • By Reaper 25th Jan 10, 12:27 PM
    • 5,900 Posts
    • 3,901 Thanks
    Reaper
    Thanks agsnu. You could also add post 5 where I explain scams often share the same addresses.

    In that post I mention a known scam address is 18 Ave Louis Casai, Geneva
    On their web site Wilkins Fairbrother International list their Swiss address as: 17 Ave Louis Casai, Geneva
    I think you can safely assume it is all one building.
    Their London address is also an one regularly used by scammers.

    acar - the names are changed regularly. When I said read the rest of the thread I meant learn to spot the signs of a scam. This one is a carbon copy of the others. It is irrelevant which name they are using this week.
  • jason1970
    madden group inc
    Just to prove that these conmen won`t go away. In 2007 I was conned into buying shares in Evolution Global Capital Partners (EGCA).Soon after they were suspended by the SEC in the US.Realised my dosh was done and vowed never to be caught out again. Now just last week have been contacted by "The Madden Group Inc.,Buffalo N.Y. willing to buy my shares for $14 per share......
    no way! Very dodgy looking web-site.I emailed the SEC in the US and they say
    EGCA never fulfilled any requirements for reinstatment....Be warned.
    Originally posted by pjrossiter
    Hello i had them ring me up offering to buy my shares at 15 dollars is this company for real can anyone help
    regards Jason
    • Reaper
    • By Reaper 27th Jan 10, 7:21 PM
    • 5,900 Posts
    • 3,901 Thanks
    Reaper
    Er... change your number?

    Unless you are seriously asking whether to go ahead... no... surely not.
  • jason1970
    Madden group
    Er... change your number?

    Unless you are seriously asking whether to go ahead... no... surely not.
    Originally posted by Reaper
    Had a friend who has check this company out he says they are a good company in the usa the thing is the shares are worth nothing what do i have to lose
    • Aegis
    • By Aegis 27th Jan 10, 9:03 PM
    • 4,747 Posts
    • 2,815 Thanks
    Aegis
    Had a friend who has check this company out he says they are a good company in the usa the thing is the shares are worth nothing what do i have to lose
    Originally posted by jason1970
    You have the advance fee to lose, which they undoubtedly will charge you.
    I am an Independent Financial Adviser
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
    • nightwatchman
    • By nightwatchman 28th Jan 10, 6:38 AM
    • 216 Posts
    • 662 Thanks
    nightwatchman
    Rent from BT a premium rate line & pass this number to them for any future contact.
    At list this way you will be able to scam them for £1.50 per min.
    Last edited by nightwatchman; 28-01-2010 at 6:40 AM.
    Si Deus pro nobis quis contra nos?
  • Mikestratford
    Timberlake Energy/ Gresham
    Gresham seem to have got the hint and haven't hassled anymore.

    Getting rid of Wyncrest shares via Apex Consulting Online, which seem to be above board at least. They are trading them for PetroChina shares for a sum.
    Originally posted by shuvoff
    Gresham may now be 'sailing' under a different name. I receive a cold call from Charles Stanley Associates regarding the opportunity to get in on the 'ground floor' with Timberlake Energy at the 'amazing' price of 9.25 Euros !!!!! Considering that they are 'trading' in the US at $0.00 that IS amazing.
    No doubt you are aware that there is a respected and long standing broker of almost the same name, though minus the suffix 'Associates' with a 'phone no. 0045 69960355 [Denmark] though I have no intention of calling them to seal the once in a lifetime deal!!
    My apologies for rabbiting on somewhat but as they say 'every little counts'.
  • VJK09
    Timberlake, pushed by Madden Group Inc and their associated Escrow site SelectATC.com both look to be bogus. They have been pushing several dead stocks and claiming great returns but are quite clearly an ESCROW scam. Do not get involved with this unless at own risk.
    • cottager
    • By cottager 25th Feb 10, 11:27 PM
    • 932 Posts
    • 334 Thanks
    cottager
    New warning from the FSA yesterday about share scams:
    http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/034.shtml

    Associated news story from Channel 4:
    http://www.channel4.com/news/articles/business_money/warning+over+boiler+room+scams/3560177
    ~cottager
  • zvjk67
    Madden Group Inc is a FRAUD
    I have had direct family involvement with Madden and Select ATC in recent weeks resulting in loss to family members. They have ripped off legitimate web sites and rebranded under those site copies as Madden and Select ATC. Emails are often sent using public services for anonymity, emails often are traced to Thailand/Singapore. Domains for their Internet presence were created on the same day in November 2009 despite claiming to be different companies and claiming to to be well established firms. AVOID these companies at all cost and be circumspect about other similar approaches. This case was made worse by using the trust relationship of an existing family advisor, who received a small seed payment, unknowingly, to attempt to add legitimacy to their activity.
  • shuvoff
    Wyncrest/New England Worldwide Services

    Here we go again, an Ian Tulloch from New England Worldwide Services (in Japan) calls my Dad offering $780,000 for the Wyncrest shares if he pays a 'release fee' of £8k upfront. He even sends an email to me (my Dad still doesn't go online -good thing), with the drawn up agreement that doesn't even state this upfront 'fee'. Details of the company are:
    Phone: +81 6 4560-4008
    Fax: +81 6 6537-1224

    Website: newenglandwwservices.com

    Mr Tulloch got very touchy when my Dad said he'd be checking this out with his solicitor before proceeding any further.

    So I got my Dad to contact Wyncrest directly who confirmed they are NOT familiar with any company or individual other than their Transfer Agent being able to remove the restriction on the shares.

    Posting this so others can be warned.
    • Aegis
    • By Aegis 26th Jun 10, 2:58 PM
    • 4,747 Posts
    • 2,815 Thanks
    Aegis
    Wyncrest/New England Worldwide Services

    Here we go again, an Ian Tulloch from New England Worldwide Services (in Japan) calls my Dad offering $780,000 for the Wyncrest shares if he pays a 'release fee' of £8k upfront. He even sends an email to me (my Dad still doesn't go online -good thing), with the drawn up agreement that doesn't even state this upfront 'fee'. Details of the company are:
    Phone: +81 6 4560-4008
    Fax: +81 6 6537-1224

    Website: newenglandwwservices.com

    Mr Tulloch got very touchy when my Dad said he'd be checking this out with his solicitor before proceeding any further.

    So I got my Dad to contact Wyncrest directly who confirmed they are NOT familiar with any company or individual other than their Transfer Agent being able to remove the restriction on the shares.

    Posting this so others can be warned.
    Originally posted by shuvoff
    Sounds like a standard advance fee scam. Ignore it.
    I am an Independent Financial Adviser
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Daytalker
    Aggghhhhh
    I was a twit and bought shares in Timberlake Energy Solutions Inc. What I don't understand is that when I go to Bloomberg and put in the Ticker Code T2YA that they gave me it shows the shares as trading on The Frankfurt exchange.

    Is what your saying that the company doesn't exist and that the shares certificate I have really is for the bucket?
    • Reaper
    • By Reaper 14th Aug 10, 8:35 PM
    • 5,900 Posts
    • 3,901 Thanks
    Reaper
    No, you should have genuine shares. The problem is you probably paid more for them than they were worth and you may find selling them difficult.
  • Daytalker
    Yeah says they are Restricted by Rule 144. Am I right that the US has lowered the time that these can be sold to 6 months?

    Have spoken to a legitimate broker and they say that they have to be sold in the US as though showing as trading on the Frankfurt exchange they have to be sold through the US, why is this?

    Why is it that Bloomberg does not show the ticker TLKE yet shows T2YA for them?
    • Reaper
    • By Reaper 15th Aug 10, 11:40 AM
    • 5,900 Posts
    • 3,901 Thanks
    Reaper
    Shares sold by scammers always turn out to be "Regulation S" or "Rule 144". As I understand it this means they are not regulated and shares are sold privately rather than on the general stock market. This makes them almost impossible to sell unless you can find somebody yourself who is willing to buy them.

    These are US regulations intended for foreign companies/investors and are widely abused.
    Last edited by Reaper; 15-08-2010 at 11:42 AM.
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