Parker Forrester

Reaper

We had sussed out they were bogus, apart from the odd fake supporter.

They are listed on the FSA "boiler room" warning list:
http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overseas.shtml

Scammer_Alert

To make more of a contribution to this thread, I have done some more research on Parker Forrester.

As mentioned in my previous post their active site pftrade . net is actually hosted in Panama, however their older site parkerforrester.net (previously . com) is registered in Malaysia under a guy named Jason Lin:

A simple web address search online yields the following results:

Jason Lin domainnames4 at yahoo.com
No 2 Taman Cinta
Bandar Mahkohra Cheras
Seremban
Negeri Sembilan 73200
MY
Tel. +606.4098341
Creation Date: 06-Aug-2008
Expiration Date: 06-Aug-2010
Domain servers in listed order:
ns116.ip-asia.com
ns115.ip-asia.com

Apparently this is not the only scam site which has been operating under this guy. The site DATACASHNOW.COM was just another scam advertising work in data entry (paidopps.blogspot.com/2007/09/data-entry-positions-available-scam . html). Another site called red-year.com is just another attempt to fraud with an "exotic" investment opportunity). The site is in german but a quick translator tool online will show their true colours.

It is possible of course that this Jason Lin is a non existent entity, but by simply googling his e-mail address domainnames4 at yahoo.com, will yield other fraudulent material used by "him".

garyhicks

On paper it looks like you have done well, have you actually had any tangible returns? Have you cashed in the gains?

purple_heather_ wrote: »

PF have been looking after me for about 6 months and have made substantial % gains. They work on information not speculation and buy huge portions of shares at the right time to offer their customers good deals. Anyone quickly discarding PF as a spurious broker without reasonable enquiry is cutting off their own nose. Of course they're on the FSA list of foreign companies touting for business. They have to make this warning as anyone sending money overseas as is beyond their compass of reproach. The FSA have to cover their own backs so they can bleet the usual rhetoric "well, we told you so."

Initially I was sceptical about the legal footing of someone calling from Shanghai but investigation proved PK on the list of firms approved by the Chinese equivalent to the FSA and are subject to scrupulous audits. I spoke to UK customers, too. My worries were pacified when the % gains made by them testified to their inner knowledge. They're so bloody good at what they do they needn't be scammers. You can ask the perennial question "If they're so good why aren't they living on their laurels in Bermuda?" Besides financial gain, they love it and they're probably driven ambitious people.

The comments I've read on this page are sour grapes for the sake of it and not one writer has actually been ripped off by the real PF. Proactive companies DO cold call. Terrific deals DO exist. Legatimate companies DO appear on FSA lists.

If you're thinking of investing with PF do what I did: over a few months watch their three or four tipped companies share price rise. In March 09 they recommended Genworth (GNW) at $1.10. At the time of writing (June 09) they're almost $7.

If you think PK are con merchants look at them in a couple of years and you'll find they're still there trading from the same offices. Con merchants are transient and get closed down.

I hope you've found this helpful and your initial thought that I'm am PK employee is the same mode of thinking that will stop you investing and missing.

Scammer_Alert

garyhicks wrote: »

On paper it looks like you have done well, have you actually had any tangible returns? Have you cashed in the gains?

I have received absolutley nothing...apart from false promises. I always invest what I can afford to loose, so although I'm a little annoyed with myself for letting this one go through the net; I'm not in a desperate need to sell my house to regain my loses.

They are certainly fraudulent, as legitimate companies would not use my name as part of their e-mail address i.e.[EMAIL="firstname.secondname@parkerforrester.com"]firstname.secondname at parkerforrester.com[/EMAIL]

If anyone has been stung by theme or anyother fake broker, the City of London Met are running Operation archway. As I cannot post links just google it, and submit their form.

Apparently if a minimum of 3 people contact them with details of the same company, they will take action.

Hope this helps anyone.

Cheers

DNT_2

I'm doing a little sleuthing on Parker Forrester. Everything I read here except for a couple say PF is all a scam. For those that have given money, have you ever received it back with the upside???

I'm aware of someone who has handed over lots of money to them recently. And the stock PF was touting has gone up considerably. His contact at PF has always gotten back to him. But when he started emailing his contact about selling the stock, there has been radio silence. Absolutely no response for weeks. The paperwork he recieved from PF I could have produced in Word very easily. Personally, I'm not one to hand over money to any firm that is not in my country, but people do stupid things when they have money to burn!
thanks.

nrsql

>> And the stock PF was touting has gone up considerably.
What does that mean? What is the market?
Could mean that PF have increased the amount they are trying to sell the shares they own for. i.e. the phantom value they offer the discount from to mugs - or maybe they've stopped trying to sell those shares so are trying to get more money out of existing holders by impressing then with the book profit they have made.

Dubai

I'm reviving this because I'd like to know if anyone has had any dealings with them lately? Anyone?

pink_pig_2

"I'm reviving this because I'd like to know if anyone has had any dealings with them lately? Anyone? "

My partner invested in them but when he tried to get his money back they went quite now a new person is ringing to say they have sold the company and need to sort out his shares but he is tied into his shares so they will have to sell them to another brokerage firm and he will have to pay extra money to transfer them into another share. What a load of rubbish!

Reaper

Trying to get money out of you as an advance fee for taking worthless shares off your hands is the classic followup scam which a surprisingly large number of people fall for. If you were to pay the fee they would take the money and run.

SCAMALERTER

Parker Forrester are SCAMMERs

DO NOT INVEST
See this website
parkerforrester.com

BEWARE